XMD Group
About XMD Group
XMD Group is a renowned provider of diverse trading instruments catering to the needs of its clientele. The client agreement refers to the firm XMD-GROUP LTD; however, details regarding its jurisdiction are not disclosed.
Within the “Documents” section, only the client agreement text is accessible, omitting any mention of registration certificates or brokerage licenses. Although the broker asserts its establishment since 2006, no documentary evidence is provided to substantiate this claim.
XMD Group pledges top-notch technical support, yet contact information is not prominently displayed on the website. The option to register a personal account with XMD Group is the only information available. The website is exclusively in Russian without an international version.
Trading Instruments and Platforms Offered by XMD Group
The broker does not specify the exact total of trading assets but states that they are “full.” The primary instrument categories featured on the website include:
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Forex currency pairs, encompassing exotic options;
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CFDs on commodity futures, notably precious metals;
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CFDs on stocks from leading platforms.
XMD Group’s website showcases two varieties of trading terminals: an online version and a mobile version compatible with various devices. Both terminals are internally developed by XMD Group. Clients are assured of two-factor protection, instant order execution, swift position opening, and other user-friendly features.
Trading Accounts at XMD Group
The company provides three types of real trading accounts without a demo account option.
Start account: requiring a minimum deposit of 500 US dollars. It offers leverage up to 1:200, with a limited selection of currency pairs. Clients with this account receive support from XMD Group analysts and trading signals.
Basic account: tailored for clients depositing a minimum of 5,000 USD, granting leverage up to 1:300 and access to an expanded range of assets.
Gold account: accessible with investments starting from 10,000 USD, offering leverage up to 1:800 and a wide array of instruments. Signals are disseminated through email and the trading application, alongside an insurance program.
Account Funding and Withdrawal Procedures at XMD Group
The primary currency utilized is US dollars. Deposit method details are available on the website, and withdrawals necessitate a verification process. Requests are handled on specific days and during designated hours.
The website showcases logos of multiple payment systems, including Visa, MasterCard, Maestro, and AstroPay. Access to the full list of payment channels requires registration of a personal account.
Final Thoughts
The absence of clear documentation and contact information on the XMD Group website may raise doubts regarding the company’s reliability. We recommend exploring alternative companies through expert ratings or seeking professional consultations.
This review has been prepared by the specialists at ExpertsReview.