XM
Your Gateway to Global Trading
Trade Forex, Stocks, Indices and Commodities with competitive spreads
Key Broker Details
Quick Facts
Regulation
ASIC (Australia), CySEC (Cyprus), DFSA (Dubai, UAE)
Country
Cyprus
Min. Deposit
$5.00
Spreads
From 0.6 pips (Ultra Low/Zero accounts); average 1 pip on Standard
Pros
What we like
- Trusted & Regulated: ASIC, CySEC, FSCA; 93/99 trust score
- $5 Min Deposit: No fees on deposits/withdrawals
- 1,400+ Instruments: Forex, stocks, crypto, indices
- Tight Spreads: From 0.0 pips (Zero account)
- Top Education: Webinars, videos, Trading Central
- Bonuses & VPS: Up to 50% bonus, free VPS
- Fast Execution: 99.35% instant, no requotes
Cons
Areas for improvement
- No Real Stocks/Futures: CFDs only
- Higher Standard Spreads: ~1.6 pips (EUR/USD)
- Inactivity Fee: $15/month after 90 days
- Withdrawal Delays: Bank wires 2–5 days
- EU Leverage Cap: 1:30 max
- Market Maker Model: Potential conflict
Broker Summary
XM is a globally trusted forex and CFD broker founded in 2009, serving over 3.5 million clients in 196 countries. Regulated by top-tier authorities like CySEC and ASIC, it offers competitive spreads from 0.6 pips, leverage up to 1:1000 (region-dependent), and 1,000+ instruments including forex, stocks, commodities, and cryptos. Ideal for beginners and pros with low $5 minimum deposits, negative balance protection, and robust education tools for informed trading.
Trading Platforms
Mobile Trading
Yes (MT4/MT5 apps for iOS/Android)
Web Trader
Yes (MT4/MT5 WebTrader)
Safety & Regulation
Capitalization
Part of XM Group (private; reported equity over €100M+ via regulatory filings)
Insurance
Investor compensation up to €20,000 (CySEC); negative balance protection on all accounts
Licenses
CySEC (120/10), ASIC (443670), FSCA (49976), DFSA (F003484), FSC Belize (000261/397), FSC BVI (SIBA/L/14/1130)
Jurisdictions
Cyprus (CySEC), Australia (ASIC), South Africa (FSCA), Dubai/UAE (DFSA), Belize (FSC), British Virgin Islands (FSC)
Trading Tools
Social Trading
Econ Calendar
Account Managers
Payments
Visa/MasterCard, Skrill, Neteller, Bank Transfer, Google Pay
XM Overview
Comprehensive broker information and trading capabilities
Languages & Region
30+ (English, Arabic, Chinese, French, German, Spanish, Japanese, Russian, etc.)
Cyprus
Pricing & Fees
Commission-free on Standard/Ultra Low; $7 round-turn on Zero; no inactivity fees under 90 days
Deposit Methods
Credit/Debit Cards (Visa/MasterCard), Bank Wire Transfer, Skrill, Neteller, Google Pay, Local Methods (e.g., UnionPay in Asia)
Withdrawal Methods
Same as deposits: Credit/Debit Cards, Bank Wire, Skrill, Neteller (processed same-day for verified accounts)
Trading Platforms
MetaTrader 4, MetaTrader 5
Leverage
Up to 1:1000
Account Types
Standard Accounts, Islamic Account, Raw Account, Micro Accounts
Customer Support
24/5 customer support through live chat, email, and phone, with assistance available in multiple languages.
Fund Security
VPS Hosting
XM Insights & Features
Discover what makes XM stand out with comprehensive tools and resources
News & Analysis
Market insights and analysis
✓ XM TV, podcasts, live market updates
Top Feature
Standout platform feature
Low minimum deposit with a wide range of educational resources.
Research Tools
Advanced research capabilities
✓ Daily market analysis, economic calendar, Reuters news feed
Educational Resources
Learning materials and courses
✓ Extensive (free webinars, 200+ videos, e-books, live sessions for beginners/advanced)
XM Account Structure
Compare account types and features
XM Account Types
| Feature | Micro Account | Standard Account | Ultra Low Account | Shares Account |
|---|---|---|---|---|
| Minimum Deposit | $5 | $5 | $5 | $10,000 |
| Base Currencies | USD, EUR, GBP, AUD, JPY, CHF, HUF, PLN, ZAR | USD, EUR, GBP, AUD, JPY, CHF, HUF, PLN, ZAR | USD, EUR, GBP, AUD, ZAR, SGD | USD |
| Leverage (Max) | 1:1000 (depends on region) | 1:1000 (depends on region) | 1:1000 (depends on region) | 1:1 (no leverage) |
| Spread Type | Floating | Floating | Floating | Market Spread |
| Average Spread (EUR/USD) | From 1.0 pip | From 1.0 pip | From 0.6 pip | Depends on stock |
| Commission | None | None | None | Yes (per transaction) |
| Lot Size | 1 lot = 1,000 units | 1 lot = 100,000 units | Standard Ultra: 1 lot = 100,000 unitsMicro Ultra: 1 lot = 1,000 units | 1 share per order |
| Minimum Trade Size | 0.01 lots (1,000 units) | 0.01 lots (1,000 units) | 0.01 lots (Standard) / 0.1 lots (Micro) | 1 share |
| Margin Call Level | 50% | 50% | 50% | 50% |
| Stop Out Level | 20% | 20% | 20% | 20% |
| Max Open / Pending Orders | 300 | 300 | 300 | 50 |
| Swap-Free (Islamic) | Available on request | Available on request | Available on request | Not applicable |
| Demo Account Availability | Yes | Yes | Yes | No |
| Bonus Eligibility | Yes (depends on region) | Yes (depends on region) | Yes (depends on region) | No |
| Risk Management Tools | Negative balance protection | Negative balance protection | Negative balance protection | No leverage, real shares |
| Trading Instruments | Forex, CFDs, Commodities, Indices, Metals, Energies | Forex, CFDs, Commodities, Indices, Metals, Energies | Forex, CFDs, Commodities, Indices, Metals, Energies | Shares only |
| Interest Rate (Swap) | Applicable (if not swap-free) | Applicable (if not swap-free) | Applicable (if not swap-free) | N/A |
| Personalized Education | Yes | Yes | Yes | No |
| Exclusive Webinars | Yes | Yes | Yes | No |
| Account Management | No | No | No | No |
| Special Conditions | Cent-based trading for small positions | Full-sized lots for standard trading | Tighter spreads for active traders | Direct market access |
| Trading Hours | 24/5 (Forex market hours) | 24/5 (Forex market hours) | 24/5 (Forex market hours) | Stock market hours |
| Is Regulated | Yes | Yes | Yes | Yes |
Trading Features & Conditions
Explore XM's comprehensive trading ecosystem
Max Leverage
Up to 1:1000 in certain jurisdictions/account types.
Risk Management
The broker cites “negative-balance protection” in some reviews.
Special Conditions
Swap-free accounts for Muslim traders. Some account types optimized for certain trading styles (scalping, high volume). Ultra Low/Zero for tighter spreads.
Frequently Asked Questions
No FAQs available for this broker.
