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XM vs Xness

  • #1
  • First Post: Sep 23, 2014 1:07am Sep 23, 2014 1:07am
Any opinion on which is the more reliable of the two.
  • #2
  • Sep 23, 2014 1:32am Sep 23, 2014 1:32am
I tried both.
I think in a way both is OK.

But as far trading matters, it is EXNESS the way to go, and ECN account.
The cost, spread+commission will by far beat XMs spread. I also find execution speed faster on Exness.

The only one who can benefit from XM are IBs who can get many traders to sign up...larger spread on XM means more cashback to IB.
there is always, always another trade!!
  • #3
  • Sep 24, 2014 3:58am Sep 24, 2014 3:58am
Quoting fugly
Any opinion on which is the more reliable of the two.
I didn't trade with XM, but i trade with exness. I like that the execution speed is really high and sreads are tight. the best idea is instant withdrawing
  • #4
  • Sep 24, 2014 10:36am Sep 24, 2014 10:36am
appreciate your replies all

Does either Xness of Xm offer nanlots ie 100 units of currency

Or can any of you guys recommend a broker who does allow nano lots and leverage at least 400:1 (IBFX AU used to offer both i got an email they've sold out to FXCM so i decided not transfer, as I dont think FXCM offers high leverage & nanlot trading)
  • #5
  • Sep 25, 2014 12:19am Sep 25, 2014 12:19am
Quoting fugly
appreciate your replies all Does either Xness of Xm offer nanlots ie 100 units of currency Or can any of you guys recommend a broker who does allow nano lots and leverage at least 400:1 (IBFX AU used to offer both i got an email they've sold out to FXCM so i decided not transfer, as I dont think FXCM offers high leverage & nanlot trading)
Hi. Exnes have leverige from 2:1 up to 2000:1, but min size of lot is 0.01 only...........
  • #6
  • Sep 25, 2014 1:12am Sep 25, 2014 1:12am
Quoting fugly
appreciate your replies all Does either Xness of Xm offer nanlots ie 100 units of currency Or can any of you guys recommend a broker who does allow nano lots and leverage at least 400:1 (IBFX AU used to offer both i got an email they've sold out to FXCM so i decided not transfer, as I dont think FXCM offers high leverage & nanlot trading)
I think Oanda does free size, that can be nanolots too.

But I believe that if you have say 20$...trade micro 0.1 lot =1 cent/pip...I don't see why to go lower than that.
And 20$ is a cinema ticket + popcorn and soda... should your micro account last for longer than 2 hours, a good deal already!
there is always, always another trade!!
  • #7
  • Sep 28, 2014 8:44am Sep 28, 2014 8:44am
too much hype about Xness. it looks like Instaforex's sister. they are so alike
  • #8
  • Sep 29, 2014 1:14am Sep 29, 2014 1:14am
Quoting ericnyamu
too much hype about Xness. it looks like Instaforex's sister. they are so alike
​
​funny joke lol
as like as chalk and cheese.

​i saw insta -fx in many black lists on different websites and there're many claims that they're scam. Everybody knows about it.
​
​
It's a city that just has to be discovered
  • #9
  • Edited 2:56am Sep 29, 2014 2:19am | Edited 2:56am
What about XM, found a post where someone claims XM cancelled all his/her open trades plus previous closed trades profit and refused payout

Quote
I start using this broker early 2014. I have Debit card. Suddenly they close my account. they even close my debit card. i e-mail to them asking for explanation, but they din explain anything. This is my first time having this kind of problem after 5 years trading with different broker. When client start making profit, is it the way XM will treat their client?
They write to me:
"Dear Sir
We are writing in connection with your Accounts (hereinafter “your Accounts”) with Trading Point of Financial Instruments Ltd. (“Trading Point”).
In that regard, our Anti-fraud Department has brought to our attention that the trading patterns in your Account(s) raise serious concerns that your Account was being used for ‘arbitrage’ activities.
Pursuant to the terms and conditions such activities are being qualified as fraudulent.
Accordingly, we regret to inform you that, in accordance with the terms and conditions, we have decided, with immediate effect to, (i) close all of your trading Accounts with Trading Point, (ii) to nullify all trades carried out in your trading Account(s) with Trading Point, and (iii) to cancel any and all profits or losses garnered in your trading Account(s) with Trading Point.
Please note that, in accordance with the terms and conditions, our decisions are final and binding on all participants and that, other than the notification set forth herein, no further correspondence will be entered into."

Found here --->http://www.forexfraud.com/forex-brok...ts-review.html

I've heard of brokers refusing withdrawal, I've heard of brokers going bust but never heard of a broker nullifying all prior trade profits ...... scarey as hell ........ wonder if the XM rep would care to comment

Scary as hell
  • #10
  • Aug 18, 2018 12:52pm Aug 18, 2018 12:52pm
Quoting fugly
What about XM, found a post where someone claims XM cancelled all his/her open trades plus previous closed trades profit and refused payout {quote} Found here --->http://www.forexfraud.com/forex-brok...ts-review.html I've heard of brokers refusing withdrawal, I've heard of brokers going bust but never heard of a broker nullifying all prior trade profits ...... scarey as hell ........ wonder if the XM rep would care to comment Scary as hell
Hey fugly,

Old post, but I've switched to XM Australia, and going through this XM Review, I see that XM provides Cryptos, however they don't show up in any of the Platforms I'm using to trade with them.

Will know more on Monday!
  • #11
  • Aug 18, 2018 2:54pm Aug 18, 2018 2:54pm
Quoting Suomi
{quote} Hi. Exnes have leverige from 2:1 up to 2000:1, but min size of lot is 0.01 only...........
where do you get that info , didn't they stop offering 2000 : 1 following new esma rules and only offer Max 200 : 1 ?
  • #12
  • Sep 8, 2018 5:03pm Sep 8, 2018 5:03pm
xm broker can withdraw because i first time use xm cannot withdraw , can you all recommend me broker im from malaysia
  • #13
  • Sep 11, 2018 10:17am Sep 11, 2018 10:17am
Quoting Yongjie94081
xm broker can withdraw because i first time use xm cannot withdraw , can you all recommend me broker im from malaysia
old old thread but I would still answer, because I withdrawed from both brokers multiple times:

https://photoshar.in/recent-exness-bitcoin-withdrawals

https://photoshar.in/xm-4000-skrill-withdrawals-2016
  • #14
  • Last Post: May 18, 2019 11:00am May 18, 2019 11:00am
Recently they have got a lot of negative remarks.
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