Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

Verdict4.8 / 5

XM Review

trusted

Overview

Unique Selling Points Multiple Global Regulations XM has a number of licenses from top global regulatory bodies. The company is a part of Trading Point Holdings Ltd. and...

Unique Selling Points

Multiple Global Regulations

XM has a number of licenses from top global regulatory bodies. The company is a part of Trading Point Holdings Ltd. and runs several entities that are each licensed by a respected authority. Some of the top licenses XM includes CySEC (Cyprus), FSC (Belize and Mauritius), FSCA (South Africa), DFSA (Dubai), and FSA (Seychelles). 

The oversight from multiple well-reputed regulatory bodies ensures that the broker follows the highest levels of operational standards. In addition, reputable regulatory bodies require brokers to keep investor funds in segregated accounts separate from their operational funds. A top tier regulator like CySEC has security features like ICF (Investor Protection Fund). 

On the other hand, offshore regulators allow XM to offer flexible trading conditions, including a very high leverage and access to automated trading strategy options. Traders can decide if they want more trading flexibility or a more strict regulatory framework.  

Wide Range of Bonuses

XM’s bonuses are some of the best in the industry. Multiple regulations allow XM to offer bonuses with flexibility. The broker offers multiple types of bonuses, including Welcome Bonuses, No Deposit Bonuses (NDBs), Deposit Bonuses, and Seasonal Promotions. The welcome bonus can help you test trading with the broker. No deposit bonuses allow you some bonus funds even before you deposit your own funds. A major difference in NDBs from XM and other brokers is the fact that you can withdraw the profits made using the funds from bonuses. 

The deposit bonuses are the extra funds your broker adds to your deposited funds. You can cover for the spreads applied to all your trades or trade with more capital using the bonus. Lastly, there are seasonal promotions that XM advertises on their website. It is important to note that all these bonuses are subject to availability in your country. 

Access to Multiple Trading Platforms

Your trading experience depends significantly on the trading platform your broker offers. XM offers a variety of trading platforms like MetaTrader 4, MetaTrader 5, and mobile applications. You can trade straight from your browser using MT5 Webtrader.  

Stable High Leverage and Low Spreads

Leverage is a multiplier that allows you to control bigger positions against your funds. You can think of it as a multiplier. And spreads are the fees that apply to your funds immediately when you open or close a trade. The company offers a flexible leverage with the upper limit capped at 1:1000, and the offered spreads are generally low at 1.6 pips on major assets. The standout feature in case of XM is the fact that the leverage and spreads stay stable even during volatile conditions. 

24/7 Customer Support in Almost 30 Languages

A good customer service is responsive, knowledgeable, and available when you need it. On top of that, if it is available in multiple languages to serve clients from different backgrounds, that takes the customer service to another level. XM checks all these boxes with customer support available 24/7 via email, call, live chat, and even social apps (in some regions). You can reach XM support in around 30 languages, if English is not your preferred language for communication. 

Trader Education

Most brokers usually have a dedicated section or a knowledge base on their website for trader education. This section usually has short articles and sometimes videos on different trading topics. XM offers both of these and a live education option. The company has many webinars around the year where they teach different concepts of trading. New traders can significantly benefit from the recorded and live training conducted by the company. 

Extensive Range of Tradable Assets (Including Real Stocks)

Every trader has their preferred tradable assets. Some prefer trading metals where others like to trade forex. XM caters to a wide audience with 1400+ tradable instruments across forex, stocks (CFDs), indices, commodities, cryptocurrencies, and real stock options. The company also has its offerings advertised as Turbo Stocks and Thematic Indices (available in certain regions).  

Trading Accounts for All Types of Traders

XM offers a truly wide range of account types to serve all segments of customer base. There are specialized accounts for beginners and experts. The company offers Micro, Standard, Ultra Low, and Shares Account. The swap-free trading options are also available when you trade with Micro or Ultra Low trading accounts. 

Variety of International and Local Payment Methods (No Hidden Fees)

The convenience of funds deposit and withdrawal is something many traders look for in a broker. XM offers the facility to deposit and trade funds from many international and local payment methods. You can make payments via Visa, Mastercard, and bank transfers. You also have the options of popular e-wallets like Neteller and Skrill among others. 

Besides the international payment gateways, the company also allows payments with many local online payment options around the world. 

Copy Trading and Automated Trading Strategies

Where other brokers do not allow copy trading, XM allows them and provides tools to facilitate these strategies. XM’s copy trading platform lets clients mirror the strategies of experienced traders, called Strategy Managers, in real time. It allows users to automatically replicate trades, diversify by following multiple strategies, and learn from experts who handle different markets. 

For beginners, this feature offers both hands-on learning and portfolio diversification, while experienced traders benefit from performance-based fees earned through followers who copy their trades. You can also leverage automated trading strategies like scalping and hedging. 

Risk Management Options

The broker has many built-in risk management options like fast Market Execution with minimal slippage. To help you manage losses, the company also offers stop loss and negative balance protection. With all these risk management options in place, you can avoid incurring major losses even when working with a high leverage. 

CountriesFranceGermanyGreeceGibraltarIcelandItalyLithuania
DevicesAndroidAppleWindows
Minimum deposit $5Bonus $30 no-deposit bonusWithdrawal fee $0Deposit fee $0Max insured $0

Our Verdict 4.8 / 5

Commissions & Fees4.8 / 5
Deposit & Withdrawal4.8 / 5
Customer Support4.6 / 5
Account Opening4.7 / 5
Regulation & Safety5 / 5

Pros

  • Multi-Regulated Broker: XM has multiple regulations including CySEC (Cyprus), FSC (Belize and Mauritius), FSA (Seychelles), and DFSA (Dubai).
  • Variety of Bonuses: The broker offers an extensive range of bonuses including welcome, no-deposit, and seasonal offers that can boost capital and allow profit withdrawal.
  • Consistent High Leverage and Low Spreads: The company offers consistently low spreads and a high leverage even during volatile market conditions.
  • 24/7 Customer Support in 30 Languages: Customer service is available round-the-clock across calls, live chat, and emails. The support is multilingual and offered in almost 30 languages.
  • Focus on Trader Education: Comprehensive trader education with live webinars, video lessons, and ongoing training suitable for all experience levels.
  • Extensive Variety of Tradable Assets: XM gives traders access to 1400+ tradable CFD assets like cryptos, forex, indices, stocks, and commodities. You can also trade with real stocks.
  • Variety of Payment Methods: XM allows you to make and receive payments via credit cards, debit cards, bank transfers, and a number of national and international wallets.
  • Copy Trading and Automated Trading Strategies: XM allows trading copy trading and other automated trading strategies (Restrictions may apply based on your region).
  • Multiple Trading Platforms: You can trade with MetaTrader 4, MetaTrader 5, WebTrader, and the company's own mobile app.

Cons

  • Not Available in the US: XM does not accept clients from the US. For traders based in restricted regions, it is best to look for other options.
  • Offerings May Differ Based on Location: Payment methods, trading strategies, and bonuses may vary depending on your location.
  • Inactivity Fees: XM charges a dormant fee when your account stays dormant for consecutive 90 days. You are charged an inactivity fee of $10 per month.

General details

Introduction

XM is one of the most popular CFDs with more than 15+ years in industry. The company advertises that they have 15 million customers in 190 countries. Out of all the brokers we have reviewed on TopBrokers, XM is one of the most complete brokers in terms of tradable assets, trading platforms, and features for both beginners and expert traders. You can get started with deposits as low as $5 to start trading with XM. 

The broker has multiple regulations from tier-1 jurisdictions and offshore regulators. With a secure yet flexible trading environment, traders get both the security and flexibility. You also have access to an extensive range of 1400+ assets across 7 markets. On top of CFDs, you can also trade real stocks. 

Supported Countries

Before choosing a broker, it is important to ensure that the company accepts clients from your country. For reasons like local and international regulations, almost no brokers accept clients from all countries. The same is the case with XM. The company accepts clients from 190 countries. Therefore, it is easier to mention the countries where the broker does not operate instead of mentioning the ones where the broker operates. 

  1. Aland Islands
  2. Albania
  3. American Samoa
  4. Anguilla
  5. Argentina
  6. Barbados
  7. Bonaire
  8. Bouvet Island
  9. British Columbia
  10. Canada
  11. French Southern Territories
  12. Guam
  13. Guernsey
  14. Heard Island and McDonald Islands
  15. Isle of Man
  16. Israel
  17. Japan
  18. Jersey
  19. Kosovo
  20. Liberia
  21. New Zealand
  22. Nicaragua
  23. Northern Mariana Islands
  24. Palau
  25. Puerto Rico
  26. Quebec
  27. Saint Barthelemy
  28. Saint Martin
  29. Samoa
  30. Sint Eustatius and Saba
  31. Sint Maarten
  32. U.S. Virgin Islands
  33. United States Minor Outlying Islands
  34. USA
  35. Vanuatu
  36. Yemen
  37. Cuba
  38. Iran
  39. Myanmar
  40. North Korea / Democratic People's Republic of Korea
  41. Sudan
  42. South Sudan
  43. Syrian Arab Republic
  44. Russia

Average Customer Rating

When you are choosing a broker, it is highly advisable to look at what their average customer feedback is like. According to most users on our website, they have had a positive experience with XM. Besides the reviews on our website, the company boasts a solid 3.8-star rating on Trustpilot. 

Trading Platforms 

You can trade with MetaTrader 4, MetaTrader 5, and XM app when you create an account with XM. With these platforms, you can leverage automated trading and copy trading strategies. You can either download these platforms on your device or trade straight from your browser with an MT5 WebTrader. 

If you prefer trading from a mobile device, you can do that with the XM mobile app. It is available on both iOS and Android platforms. 

Customer Support

You can reach XM customer support via the usual channels like live chat, calls, and email. In addition, you also have WhatsApp, Line, and Telegram chat options, which are quite uncommon among other brokers. Support is available 24/7. This means you can reach the support even on weekends when only crypto markets are open. 

Calling XM support multilingual would be an understatement as the company offers support in almost 30 languages. These languages include: 

  1. English
  2. Greek
  3. French
  4. Polish
  5. Portuguese
  6. Dutch
  7. Turkish
  8. Malay
  9. Hungarian
  10. Italian
  11. Arabic
  12. Vietnamese
  13. Czech
  14. Hindi
  15. Simplified Chinese
  16. Russian
  17. Swedish
  18. Spanish
  19. Thai
  20. Bengali
  21. Sinhala
  22. Traditional Chinese
  23. Indonesian
  24. German
  25. Korean
  26. Filipino
  27. Urdu
  28. Uzbek

Trading Fees

Brokers make money by charging traders different types of fees. These fees include spreads, swap fees, withdrawal fees, deposit fees, and inactivity fees. XM offers low spreads on all its account types, providing customers with lower trading costs. The spreads are especially low on Ultra Low accounts starting at just 0.8 pips. 

Besides spreads, the company does not charge deposit and withdrawal fees.. You may incur fees from your payment platform. However, depending on the funds to be withdrawn, you may be charged a withdrawal fee on wire transfers. 

If your account stays dormant for 3 months in a row, the company starts charging $10 per month.

Regulations and Compliance 

XM operates under the name of Trading Point Holdings Ltd., and holds many regulations from jurisdictions across the world. The company holds the following licenses:

  1. CySEC (Cyprus): License No. 120/10
  2. FSC (Belize): License No. 000261/27
  3. FSC (Mauritius): License No. GB22200948
  4. FSCA (South Africa): FSP No. 49976
  5. DFSA (Dubai): License No. F003484
  6. FSA (Seychelles): License No. SD190

Being a regulated broker, the company requires clients to comply with AML (Anti-Money Laundering) and KYC (Know Your Customer) compliance. 

Conclusion

XM has many standout features and offerings suitable for most traders. The broker checks all the usual boxes by offering features that the majority of traders usually look for. Low trading fees, high leverage, a solid reputation, top regulations, and so much more. 

All things considered, XM is a great broker and worth trying. The barrier to entry is very low with the initial deposit requirement set at only $5. If it’s your first time trading, you can also explore XM’s demo account to test your strategies.

Type of accountsDemo accounts (with a time limit)Standard AccountsSwap free accountsMicro accounts
Execution modelMM
Deposit currencyUSDEURJPYGBPAUDCHFRUBPLN
Regulatory complianceFSCCySECFSCFSCAFSADFSA
Deposit payment systemsVisaMasterCardWebMoneyQiwiSkrillMaestroNetellerPayzaWestern UnionDebit CardPrepaid MasterCardWire TransferCredit Cards
Withdrawal payment systemsVisaMasterCardWebMoneyQiwiSkrillMaestroNetellerPayzaWestern UnionDebit CardPrepaid MasterCardWire TransferCredit Cards
Support languagesVietnameseGreekIndonesianSpanishItalianChineseKoreanMalayPolishGermanRussianSwedishJapaneseEnglishFrenchPortugueseDutchTurkishHungarianArabicCzechHindiThaiBengaliSinhalaTagalogUrduUzbek
Auto tradingXM Copy Trading PlatformMT5 EAMT4 EAmql
Contact details[email protected]+501 223-6696Customer service ↗

Customer reviews

Overall score 3.7 / 5 · 35 customer reviews

Read real reviews from traders all over the world:

NamSon ★ 5/5

Advantages: First of all it is a huge pool of trading instruments. Assets from forex , stock, commodities, crypto and more are available here. Another plus is so callled turbo stocks that come with high leverage. I know leverage can be dangerous, but if used carefully, then it is for sure a big advantage.

Disadvantages: No big minuses here to be honest

I have been trading here for around 6 years already. During this period I have not seen any problems. Platfrom responds quickly, its user-interface is well-thought. Spreads are tight here, so I don't have huge costs when trading forex pairs.

Matteo Ricci ★ 5/5

Advantages: I love the multi play ment options provided by this broker making it easier to deposit and withdraw funds

Disadvantages: The support team delay a little bit in responding to me but I guess they get lots of inquiries.

The platform is not bad plus trading here has been very positive. A very reliable platform

Alejandro Lopez ★ 4/5

Advantages: -Many types of trading accounts -The technical support is competent and fast in responding to my questions

Disadvantages: -The threshold of deposit on a shares account is too high.? -The trading platform has a lot of tools but I think the user interface is outdated.

To be honest, it was the first time when I heard about turbo stocks, so I contacted the supp team and they explained everything to me clearly, it seems there are really competent guys.

Idris Saleh ★ 4/5

Advantages: Turbo stocks as an asset category

Disadvantages: No custom trading app

This broker is focused only on Metaquotes apps as trading platforms and they have an excellent integration. I haven’t experienced any glitches so far. For charting this is not the best trading engine, but there are free charting solutions that I use and it didn’t complicate my trading experience. I was surprised by the turbo stocks instruments, which provide ample trading opportunities. It is exciting to trade these assets since you must close your positions at the end of the day.

Davide Conti ★ 5/5

Advantages: Perfect leverage size. I feel that I have moderate risk and at the same time, having small margin size, I can make good profit

Disadvantages: I don't think I can name a single disadvantage. So far, everything is fine

My decision to open ccount with this broker was justified. I have good trading strategy and I needed broker with a certain set of assets and suitable trading conditions. I received suitable conditions for my trading on this broker's platform.

Thanakorn Panya ★ 4/5

Advantages: MT platforms no doubt.

Disadvantages: Not too transparent website tbh. Couldn't find any information about the deposits or withdrawals. I got it only after I created an account

as a beginner I value the presence of MTs. These are the only platforms I know so far and it wasn’t too difficult to start here.

Invezgra P ★ 2/5

Advantages: low spread for major forex

Disadvantages: very high slippage during news

Short eurusd around 1.072xx and set TP at 1.07100 prior US CPI release 30 mins. Price went down to 1.07032 but TP orders never filled.

Eric Walter ★ 3/5

Advantages: They promised a guaranteed return on my investment but after investing my life savings

Disadvantages: I urge people to stay away from fake platforms and not risk their hard-earned money like I did. Report scam to cybertecx net for payout solution

They promised a guaranteed return on my investment but after investing my life savings, I got nothing in return. They seemed legitimate at first, but it was all a scam. I urge people to stay away from fake platforms and not risk their hard-earned money like I did. Report scam to cybertecx net for payout solution

Douglas Scott ★ 4/5

Advantages: Instant order processing A lot of educational content

Disadvantages: Doesn't allow social trading

The only disadvantage is that there's no social trading, so if you're interested in something like that - it's better to choose something else. But right now, I don't see the point of turning to something else because this broker helps me profit pretty well, and there are many useful podcasts and articles for beginners, so it can be a good choice.

sewwas Media ★ 1/5

Advantages: no

Disadvantages: wast of time

This is the worst thing I've ever seen. Even if we win, we will Can't take the money. Do not give any false reason. It happened to me and my friend .. No one should bother with this ... This is a waste of time alone. All we have to do is save our money ...

Sopheak Cheang ★ 1/5

Advantages: XM have problem withdrawal

Disadvantages: XM have problem withdrawal

XM have problem withdrawal via online bank transfer is under maintenance over one months, support not responsible, be carful everyone.

Josh Browne ★ 4/5

Advantages: Compensation of the commission of payment systems when withdrawing money Transparent trading conditions, a small entry threshold with moderate leverage

Disadvantages: The broker works according to the STP model. Transactions of only large investors are displayed on ECN platforms, small transactions form a pool sent to the liquidity provider

If the registration is fast with a broker, then the verification took a very long time, more than a week. They do not take commission for withdrawal. Trading accounts of different types, there is an account for trading purely stocks, low spreads and good execution. A regulated company, but there are bonuses and promotions, but they are not available for all countries, you can specify the info in support. There is Russian support, they respond quickly not with templates.

Nicholas Thompson ★ 4/5

Advantages: Guarantee of instant execution of orders without slippage. 99.35% of orders are executed at a speed of up to 200 ms There are non-standard trading assets of commodity markets - cocoa, beans, etc. There is a separate account for trading stocks with access to stock exchanges

Disadvantages: The broker operates on the STP model

I like. I copy signals from the MetaQuotes community on cent accounts, share my experience. I create several trading systems: for example, on one account I copy transactions only of those who work on the principle of Rarely, but accurately. I copy cryptocurrencies to another account. In general, I form portfolios on the principle of "one account — one trading system. Periodically check portfolios.

George Cemong ★ 4/5

Advantages: Various types of accounts, as well as a minimum deposit of $5. Registration and verification is very simple and secure. The withdrawal is carried out through the most convenient electronic wallets. Execution of orders is instant, funds are withdrawn accurately.

Disadvantages: I can only highlight small delays in withdrawals for the first few days. Perhaps this was due to some verification checks.

Good afternoon. I used the services of the XM.COM broker for a week and this is my very first broker. So here's what I managed to find out as pros and cons: Not everyone may like the trading conditions, but it will work for beginners.

Jack Whates ★ 4/5

Advantages: Various types of accounts, as well as a minimum deposit of $5. Registration and verification is very simple and secure. The withdrawal is carried out through the most convenient electronic wallets. Execution of orders is instant, funds are withdrawn accurately.

Disadvantages: I can only highlight small delays in withdrawals for the first few days. Perhaps this was due to some verification checks.

Good afternoon. I used the services of the XM.COM broker for a week and this is my very first broker. So here's what I managed to find out as pros and cons: Not everyone may like the trading conditions, but it will work for beginners.

Timmy ★ 5/5

Advantages: Everything is good

Disadvantages: None

XM is the best broker I’ve ever tried out. I have a primary account where I trade the EUR/USD pair mainly. Their spread on this pair is just right, not the cheapest, but not also too expensive. Every issue that I’ve encountered was resolved professionally by their customer service. They’re fast and smart! XM is my favourite for now, and I’m not going nowhere until I encounter major issues that would force me to switch to a new one.

Torres ★ 5/5

Advantages: Good education

Disadvantages: None

Love XM’s dedication to providing Forex education to all levels of traders. They’ve visited my country the Philippines a few times before COVID-19 and their educator here named Jonathan was really amazing! He was able to teach us currency trading in an easy-to-understand approach. The venue was jam-packed with aspiring Filipino traders.

Nando ★ 5/5

Advantages: All's good

Disadvantages: None for now

I spent two months demo trading with XM. I started trading with a live account on Dec 10, 2020. So far, my account is up about 70%! Everything is working fine with this broker. Execution-wise, my trades are executed super fast, no requotes or slippage whatsoever. They have superb customer service, like I get replies within an hour via email. Live chat is very useful, very professional agents.

Georgios Nikolintais ★ 1/5

Advantages: .

Disadvantages: .

insolvent heterogeneity

Xuha ★ 2/5

Advantages: Execution, platforms

Disadvantages: Severs slowing down

XM is good, but recently, there are times when their servers are getting slow when there are news releases. One time I could not enter a trade which resulted in a margin call. It was upsetting. There was nothing they could do when I raised this issue.

Trek ★ 2/5

Advantages: Execution

Disadvantages: mt4

I’ve been having issues with their trading platform MT4. It’s been sooo slow, I can’t trade properly at all. Their support asked me to reinstall the platform but still it’s not as responsive as it was before. I don’t think the issue is with my laptop, it’s working just fine.

Emilio ★ 4/5

Advantages: 4

Disadvantages: Support

Really enjoying my time with XM! For 7 months, I’ve been trading currencies with this broker exclusively. Execution of orders is lightning fast, and they charge super cheap commissions. They also offer CFD trading, though I haven’t tried my hand at this. Still learning! Overall, I’d give XM 4 stars. Why not a perfect score? Cos their support needs improvement. They need to be more patient and responsive.

Prince ★ 5/5

Advantages: execution, withdrawal

Disadvantages: None

XM is one of the best brokers I’ve ever used. Execution is fast, my orders are executed without any lag or freeze. Their platforms, especially the web based one, is my favourite. I really like dealing with this broker, so professional! I do not have any problem with withdrawal as well.

Endah ★ 5/5

Advantages: Execution, spreads

Disadvantages: None for now

XM is one of the popular choices among traders today, and I can see why. I’ve been testing their services for 3 months now and I must say they really offer a top notch trading environment. My orders are filled without any problem, execution is super fast, and spreads are really tight. I also like their professional account managers and market experts, they’re a big help. I’ve withdrawn several times already, all without any issue.

Agus ★ 5/5

Advantages: Withdrawal, execution

Disadvantages: None

XM in general is a good Forex broker with affordable spreads (definitely not the cheapest), several account types available, and multiple deposit and withdrawal options. In terms of execution, XM is one of the best. I’m using this broker along with other 2 brokers namely Exness and FXPro. I have to say XM comes behind Exness. I’ve never faced any issues withdrawing funds from my account as well.

farish ★ 5/5

Advantages: 5 stars

Disadvantages: None for now

XM is a fair broker. Fast execution with good trading conditions that favour beginner traders. I’m an affiliate with them and have introduced over 30 clients to them. They really like XM’s 30 USD no deposit bonus. It’s a big help for them to gauge XM’s overall performance without any financial risk. They’ve also been able to withdraw profits made from the bonus without any problem.

See all 35 customers reviews

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Accounts

Account Types

XM offers a total of 4 types of live trading accounts including one for trading stocks only. The Micro and Ultra Low accounts are also available as swap-free Islamic accounts. You can find the details of all trading accounts in the table below: 

Feature

Micro Account

Standard Account

Ultra Low Account

Shares Account

Platform Availability

MT4, MT5, XM App

MT4, MT5, XM App

MT4, MT5, XM App

MT5 only

Base Currencies

USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, ZAR

USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, ZAR

USD, EUR, GBP, AUD, ZAR

USD

Minimum Deposit

5 USD

5 USD

5 USD

10,000 USD

Minimum Trade Volume

1 micro lot (1,000 units)

1 standard lot (100,000 units)

0.01 lots

1 share

Maximum Leverage

1:1000 (entity dependent)

1:1000 (entity dependent)

1:1000 (entity dependent)

1:1 (no leverage)

Commission

None

None

None

Commission per share

Spreads

From 1 pip

From 1.6 pip

From 0.8 pips

Market dependent

Swap-Free Option

Yes (available by request)

Yes (available by request)

Yes (available by request)

No

Micro Account Option

Yes

Yes

Yes

No

Besides live accounts, the company also offers demo accounts where you can test your strategies risk-free.

Shares - XM

Swap-free account Phone trading Scalping Hedging Trading with expert advisers Trading 24 hours a day Trailing stop Interest on free balance Mailing the documents
Trading platformsMetaTrader 4MetaTrader 5
Deposit currencyUSD
Trading instruments
  • Forex1:1000
  • Min deposit$10,000
  • Max leverage1:1000
  • CommissionVaries
  • Execution typeinstant
  • Speed of executionVaries
  • Spread typefloating
  • Minimum position size1 unit
  • Maximum position size300 units
  • Max. number of ordersNot Specified
  • Decimal places4
  • Margin Call50%
  • Stop Out20%
  • Locked margin levelVaries

Tradable instruments

XM allows trading with 1400+ tradable assets across forex, crypto, stocks, indices, and commodities. XM also calls some instruments Turbo Stocks and Thematic Indices that you can explore. You can also invest in real stocks with a separate Shares Account. 

✓Currencies55
✓Cryptocurrencies30
✓Indices20
✓Commodities21
✓Stocks1337

XM bonuses and promotions

All XM offers (12) →

Frequently asked questions

Find the right answer to your question below.

What trading platforms does XM Broker offer?

XM Broker offers two trading platforms - MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both of these platforms have excellent reputations for usability with intuitive interfaces. However, you shouldn’t confuse user-friendliness with low performance. They both offer advanced charting capabilities and high-level analytical tools and are a great fit for all trading levels.

What account types are available at XM Broker?

XM Broker features three different account types, each catering to different trading styles. The accounts include Ultra Low Micro, Ultra Low Standard, and XM Zero. There are low minimum deposits across the board with the three accounts. However, you will notice differences in advanced features.

Is XM Broker regulated?

Yes, XM Group is well-regulated. They hold regulating licenses with the Cyprus Securities and Exchange Commission (CySec), along with other global regulating agencies. These include the FCA among others. These regulatory authorities instill confidence in XM Broker’s operations, even for the momentum trader .

What assets can be traded on XM Broker?

XM Broker is one of the top choices in global brokers, however their asset coverage is rather limited. Currently, they offer forex and CFD trading. Through the CFDs, traders can speculate on indices, commodities, currency pairs, and other financial instruments. For traders who are looking to level up their trading game, we suggest this article on counter trading .

What are the funding and withdrawal options at XM Broker?

Funding and withdrawal options with XM Broker include credit and debit cards, e-wallets, and wire transfers. This range of options offers convenience for traders, especially since not all brokers accept e-wallet funds.

XM compared with alternative brokers

Key figures for XM and 4 similar brokers. Open them all in the comparison tool to see every spec side by side, or compare XM with one of them using the links under the table.

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XM logoXM35 customer reviewsStart trading
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Highlights
  • Specialized trading accounts
  • Free VPS hosting
  • 24/7 instant money withdrawal
  • 24/7 instant money withdrawal
  • Specialized trading accounts
  • Free VPS hosting
  • Free VPS hosting
  • Specialized trading accounts
  • 24/7 instant money withdrawal
  • Specialized trading accounts
  • Tight Spreads
  • Low commissions
Overall verdict4.8 / 54.7 / 54.5 / 54.6 / 54.6 / 5
Minimum deposit$5$100$5020$$200
Maximum leverage1:10001:100001:500 (1:30 for EU clients)1:4001:500
Withdrawal fee$0$0$0No$0
Deposit fee$0$0$0No$0
Safety5 / 54.7 / 54.8 / 54.8 / 54.2 / 5
Top-tier regulatorsCySEC, FSCA, DFSAFCAASICFCAASIC, CySEC
Investor protectionYesYesYesNoYes