I am nothing but disappointed, I was on my journey to flip my £50 to £1000 I turned £50 to £400 and today when I placed a trade on a forex pair my trade was placed but it directly went on £-150 and so on, I am so demotivated and frustrated right now I cannot express how I feel. If anyone is reading this please do not use this broker. It has the worst spreads. I hope XM investment does something about the money I’ve lost please thank you
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update monetio have now rejected 7 applications to withdraw my funds they accepted a chargeback which i never ever got vanished to thin air never got anywhere near my bank tried at least four verified crypto accounts rejected
This is the thing repeatedly happens with me but I don’t take it into mind because I got the nature of forex and focuses on other earning sources besides forex trading.
Sorry to hear about your experience. Have you tried contacting XM’s customer support team to share your concerns and clarify what happened?
What pair did you trade, what time, and what were the spreads? You immediately went £-150? What was your trade size?
Very sorry to hear about your experience. In case XM’s support team is not responding, you can always check out their terms and conditions policies and raise a further complaint, if necessary.
Sorry to hear about your experience—it’s incredibly frustrating. Poor spreads can really impact trades, especially on smaller accounts. Consider researching brokers with tighter spreads and better reviews. Remember, setbacks are part of the journey. Don’t lose hope—stay focused and disciplined! 
I’ve had my fair share of bad experiences with investment platforms that looked legit at first but turned out to have shady terms. One thing I learned is to always double-check user experiences before depositing funds. If you’re into CS:GO, keeping an eye on marketplaces like https://skin.land/market/csgo/agent/ can help in finding good deals on skins without worrying about hidden fees or shady practices.
That’s very, very difficult to do, because the “review sites” are actually affiliate link-farms, and in forums many “recommendations” come from members who are paid by bad brokers to recommend them.
Even “Trust Pilot” is completely unreliable. Companies can pay for good reviews and have many bad ones removed, there.
So most information’s very unreliable.
One good way to “play it safe” and minimize the chances of problems (especially withdrawal problems) is to use only an account that’s regulated in North America, UK, Switzerland, the European Union or Australia.
If people learned to do this, more than 90% of the countless “broker problem discussions” that fill all the trading forums would be avoided. Maybe even 99%.
There’s no shortage of decent, reliable, properly regulated brokers to use. There are hundreds and hundreds of them. It’s just sad to see aspiring traders using brokerages that have chosen to be unregulated, or regulated offshore by fake regulators whom they pay. This is probably the industry’s biggest problem, at the moment.
Note that the important issue isn’t about “where the broker’s regulated” (because so many of them run separate companies regulated in different countries, to try to fool customers): it’s about where YOUR ACCOUNT is regulated. This is something about which you need clarity before sending money to a broker.
Very few people would send money to an unregulated bank in a Caribbean or Pacific island nation, because they know that financial institutions which have chosen to avoid proper regulation are so often “up to no good” and are interested in protecting only themselves, rather than their customers. Sadly, when they’re opening an account with a forex broker rather than a bank, this common sense and entirely appropriate reaction seems to desert large numbers of them.
Getting this one simple little thing right is the quick and easy way to avoid problems later.
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