XM

XM

XM Group
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About

MTrading is an online forex and CFD broker established in 2013, offering a range of financial instruments including currency pairs, commodities, indices, cryptocurrencies, and stocks. The broker provides access to the MetaTrader 4 (MT4) platform, enhanced with the MT4 Supreme Edition plugin, which offers advanced charting tools and additional features for traders. Clients can choose between two main account types. The premium account requires a minimum deposit of $100 and operates with a Straight Through Processing (STP) execution model, while the pro account requires a $500 minimum deposit and offers Electronic Communication Network (ECN) execution with tighter spreads starting from 0.0 pips, accompanied by a commission of $4 per lot. MTrading offers leverage up to 1:1000, allowing traders to control larger positions with a smaller initial investment. The broker emphasizes competitive trading conditions, including low trading costs and free withdrawals.

About

XM Group is an internationally established trading and investment firm, with over 15 million clients, from over 190 countries. Armed with multiple international licenses, XM offers competitive services for retail traders, investors, and affiliates. With over 15 years of serving clients, XM has proven to be fair, trustworthy, and dependable. Traders can access over 1,400 instruments on more than 10 platforms, including the XM App. The award-winning broker is known for low-cost accounts, excellent support, and outstanding live education.

Platforms Supported

Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook

Platforms Supported

Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook

Audience

Traders interested in a solution to access a variety of financial instruments through the MetaTrader 4 platform

Audience

Institutions, organizations and individuals searching for a solution to trade over 1400 different instruments

Support

Phone Support
24/7 Live Support
Online

Support

Phone Support
24/7 Live Support
Online

API

Offers API

API

Offers API

Screenshots and Videos

Screenshots and Videos

Pricing

No information available.
Free Version
Free Trial

Pricing

No information available.
Free Version
Free Trial

Reviews/Ratings

Overall 4.8 / 5
ease 4.7 / 5
features 4.9 / 5
design 4.8 / 5
support 4.9 / 5

Reviews/Ratings

Overall 4.7 / 5
ease 4.7 / 5
features 4.7 / 5
design 4.7 / 5
support 4.7 / 5

Pros & Cons from Real Users

Pros

  • I really likes the fast execution on mtrading broker, orders are filled within milliseconds, and spreads are competitive especially on majors even during volatile market conditions. The platform selection is nice, it’s either MT4 or MT5. And can’t forget about the payments. Deposit and withdrawal process was smooth without any hidden fees which i appreciate a lot.
  • I like their offerings. Honestly, as a brokerage they offer way more than just trading. They give out deposit bonuses of up to 50%, offer copy trading, daily market insights, education and so on. Education is sth many brokers added into their offerings, but mtrading has some good content on interesting topics that is easy to read.
  • I'd point their account structure as their strong side. Just 2 accounts with clear conditions, one with commissions and the other - without, with differing spreads. And both are very affordable - I paid only $10 at the beginning. Very low.
  • They have made a simple but very powerful trading platform. The copy trading platform is great, this is what i used in the early days and this is how i managed to grow tradable capital while was still having a day job. As for manual trading, platform works pretty well. Mt4 i use and the execution is flawless. And we all know this is one of the simplest trading engines but combined with mtrading it is a powerful setup.
  • I liked the looks of the platforms. It certainly created some trading vibe that helped me to feel more motivated. Trading conditions were also good. I compared spreads and commissions with other places, pretty solid, taking into account the low minimum deposit. Fair enough…

Cons

  • Sometimes the app freezes during high volatility but it's rare, and might be cause of internet connection, dunno. However, I wish they had more educational materials, maybe even videos for new traders like me who are still learning.
  • When it comes to disadvantages, they have a few. First of all, the only platаforms are MT4 and MT5. Not bad, but I want to get more options. Secondly, the minimum deposit for USDT payment method is $50, whereas the minimum deposit requirement for opening an account is only $10. Idk, it just doesn’t make sense for me.
  • I would expand the articles they offer in the education section. They seem to be general -when I was reading them, I felt I needed more detailed and serious dive.
  • Nothing critical, but would give maybe a suggestion to the team behind the platform to think of adding more advanced filters for copy trading stats. Also more small UI tweaks could be nice, but this is more luxury than real problem. For one year trading, nothing broke or annoyed me seriously.
  • I missed some assets to be honest. I wanted to see stocks from all over the world, futures assets (heard they’re better for day trading) or the same crypto. In addition to that, swaps fees... Never thought I would pay for holding trades overnight.

Pros & Cons from Real Users

Pros

  • It was nice having spreads below 1 pip and at sertain times close to 0.4-0.5 pips. Very important for my trading strategy, focused on forex scalping.
  • The user interface is highly intuitive, features fast navigation speeds, provides precise automated charting via TradingView that works well.
  • Has a good reputation and it’s accessible with low deposit. Also, good range of options for trading engines
  • The ultra low acc is the best fr, making it simple to manage risk because of the tight fees. Besides that, the local payment deposit speeds are incredibly consistent.
  • It’s a top choice if you are looking for a low-cost broker. Especially the ultra low acc. No swap fees, too

Cons

  • Unfortunately, they don’t offer any bonuses on this account. It was sad, because it would serve as additional motivation for me.
  • The desktop version takes a bit long for the to synchronize on launch. Idk, maybe my laptop is getting old :/
  • Their xm app trading app has not desktop version, only web-based :/
  • Educational content could be structured better for novices I believe.
  • Unfortunately, the good deposit bonus is eligible only for their standard account type

Training

Documentation
Webinars
Live Online
In Person

Training

Documentation
Webinars
Live Online
In Person

Company Information

MTrading
Founded: 2013
Saint Vincent and the Grenadines
mtrading.com

Company Information

XM Group
www.xm.com

Alternatives

Alternatives

IUX

IUX

IUX
Vantage

Vantage

Vantage Markets

Categories

Categories

Integrations

MetaTrader 4
MetaTrader 5

Integrations

MetaTrader 4
MetaTrader 5
Claim MTrading and update features and information
Claim MTrading and update features and information
Claim XM and update features and information
Claim XM and update features and information