XM http://www.xm.com/ Review / Complaint

I have opened a account with XM broker 8 months back, I am a EA trader my ea does scalping all the time i am with xm broker for nearly 6 months doesn't have any problem because my deposit was less than $500. i make withdraw profit out of my ea when it reaches $300 to $400 i will make withdraw showing my account i refereed one of my friend name abrar faiz deposited $4500 from Karachi(Pakistan) the same ea both were using and then my friend lost completely. when he inquired showing my account and his account how come the ea not working only on abrar faiz MT4 account showing all the statements they told my friend check with operation team and come back within 48hrs Meanwhile my friend told me spoke with operation team they said check and rectify it between when i rushed my account was completely lost .within few hours they have replied to my friend saying as check with EA settings may differ from account to account.i was shocked and then i understand for small amounts they wont care once we invest more than $2000 they will keep an eye of the account and use some plug in against us, Guess what !!!at the end we will lose. I am giving a awareness make sure when you use EA deposit less than small amount and withdraw immediately once you hit profit. Be Smart and don't get scam


Submited by Mohammad Hossain, Posted On : 12th June 2015, Pakisthan

Aleksander, Poland

I've been placing the same trades on both my real account and my demo account on exactly the same currency pairs. I suddenly noticed about 5 of my trades on the real account, my pending orders were closed by XM. When I checked with my demo account the same pending order on the same currency pair was executed. This was a broker I trusted and now I don't trust them anymore. I'm an IB and will be moving all my clients from the UK to a different broker.

(27th August 2015)
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