Everything you need to know about XM Trading: Regulation, Trading Conditions, Fees, and more.
XM is a large Forex Broker that started its activity in 2009 and so far operates clients from over 196 countries with a support staff speaking in 30 languages and is among the most trusted Regulated Brokers with good trading conditions and offering overall.
The main branch is located in Cyprus regulated by CySEC, yet offices truly cover global needs and serve through Australia , UK, Belize, Greece also authorized in Dubai and MENA region.
There are about 1.5 Million Traders and investors at XM that select broker proposals and services, there are many advanced trading solutions, yet suitable for beginning traders. So yes, we can conclude XM is a good broker with good trading conditions and reputation since XM aims to provide one of the best user experiences in the industry to its clients.
Generally, all procedures from account opening, managing, depositing/ withdrawing, and trading are straightforward, simple and transparent, which we will see in detail further within XM broker review.
XM Pros and ConsXM is a broker with a great reputation and numerous regulations and a very wide range of trading instruments which we mark as its main benefits. Besides, the offering is user-friendly and XM has one of the lowest deposit requirements among the industry, XM the account can be opened regardless of a net of capital with only 5$. CFD costs we found average and platforms are very friendly to all types of traders. XM supports with one of the best education including webinars and research materials, allowing to engage and start trading carer for complete beginners in trading.
On the other hand, as we noticed XM has a limited portfolio for EU clients, and outside EU clients there is no good investor protection.
| Advantages | Disadvantages |
|---|---|
| Multiply regulated broker with a strong establishment | Europe clients may trade only CFDs, Forex and Crypto products |
| Wide range of trading opportunities | |
| Global expands including ASIA, MENA, Africa regions | |
| Excellent Education and Research | |
| Low minimum Deposit | |
| Competitive trading conditions |
XM is a prominent broker known for its diverse offerings and user-friendly trading environment. Here are the main features that set XM apart:
| 🏢 Regulation | CySEC, ASIC, FSC, DFSA |
| 🗺️ Account Types | Micro Account, Standard Account, XM Ultra-Low Account plus Shares Account |
| 🖥 Trading Platforms | MT4, MT5, XM WebTrader |
| 📉 Trading Instruments | 1,000+ products Stocks, CFDs, Forex, Commodities, Portfolios, Metals, Cryptocurrencies (not available to all Entities of the Group) |
| 💳 Minimum deposit | 5$ |
| 💰 Average EUR/USD Spread | 1.6 pips on Standard Account |
| 🎮 Demo Account | Available |
| 💰 Account Base currencies | 10 Base Currencies |
| 📚 Trading Education | Professional Education with webinars and Seminars |
| ☎ Customer Support | 24/7 |
With our analysis and Financial Expert Opinion XM is good Broker for various traders, either beginners or professionals, also due to multiple entities available for the International Trading community. Here we mark what XM is Good for:
In conclusion XM Review is a well-regulated broker with numerous highly respected licenses that delivers truly transparent conditions and is an extremely customer-friendly broker. No re-requotes and no hidden fees or commissions policy, as well Negative balance protection definitely a plus. So all in all, we had very comfortable as well the good real-time market execution, making XM very welcomed among trading offerings and suitable for various type of traders, including beginners and small accounts.
So overall we conclude XM has one of the most Comfortable proposals in terms of costs, trading conditions and opportunities overall before broker had much lower trading instruments in its range, but now it is one of the strongest points due to the wide range offered.
XM is indeed good Broker for beginning traders, also Traders with experience who prefer MT4 or 5 platforms and run various strategies looking for stable Broker. The conditions are rather average with quality product offering, software and tools, also choice of accounts is valuable if you prefer separate account for Micro trading or separately if you like speculation on Shares but not buying asset itself XM might be good choice. Since there is specifically designed account for Shares trading with tailored solution, yet the deposit needed is rather very high also at other Broker bigger range of Shares might be available.
The instrument selection is favorable too for those prefer good diversification, not thousands like coompetitors but still good. Fees across all offered asset classes we find similar to other brokers who mainstay on average Fee conditions. What is truly remarkable is great education section and we value professional tools XM offer, so for great selection of quality tools and excellent reputation with quality of service we admit XM a suitable choice for most traders who look for quality. Potential negatives, meanwhile, include inactivity fees, a small product range, and unavailability for American traders.
| XM is a Good Broker for: | - Looking for Reputable Firm - Need Low minimum deposit - Value Large range of Assets - Good for Shares CFDs - Prefer High Leverage access - User-Friendly trading platforms based on MetaTrader - Good Range of Tools and Insights from industry professionals - Looking for excellent Social Trading and Copy Trading - Need Broker with Professional Education- Free VPS access - Trading Contests and Programs - Appreciate quality Trading Conditions |
| XM is not the best for: | – Investment Options are limited – PAMM or MAM accounts are absent – No wide selection of CFD Shares like thousands at other Broker – Prefer other than MetaTrader Platforms – Traders from certain regions like USA – Trading on Shares Account require high deposit |
Score – 4.5/5
XM Group servs as a group of entities operating under the trading name XM, Trading Point of Financial Instruments Ltd established in 2009 is regulated by the Cyprus Securities and Exchange Commission (CySEC). Another entity Trading Point of Financial Instruments was established in 2015 in Australia and is regulated by the Australian Securities and Investments Commission (ASIC). Read more, why trade with Australian Brokers by the link so the regulatory obligations are covered at a sustainable level as we see through our XM trading Review.
However, the point to consider is that – global operation enabled by XM Global Limited established in 2017 is regulated by the Financial Services Commission, allowing to offer its services across the globe. Despite the fact that IFSC is an offshore license, that does not actually implement strict overseeing of the trading processes, yet additional heavy regulation of the XM makes it an acceptable choice.
The main idea of the regulation is that the trader can trade securely, knowing that clients’ funds collaborate according to the strictest rules with minimized risks of fraud or unfair use. XM Broker operates its trading environment according to the regulatory measures making it a reliable and safe broker.
Client funds are kept in investment grade banks and use segregated accounts, falling under the Investor Compensation Fund that ensures recovery of funds up to €20,000 in case the broker goes insolvent (note that the coverage scheme depends on the particular entity). Besides, one of the advantages you will get as a trader is Negative Balance Protection , so there is no risk of losing more than the available balance.
Although XM has a strong reputation for regulatory control under agencies such as ASIC and CySEC, prospective customers should still be wary of fraud and confirm the broker’s legitimacy prior to trading. For many traders, XM is a trustworthy option since it shows overall financial stability and openness, also is stable along the years Broker operation, we haven’t find breaches of law or heavy penalties. Besides, XM is one of the Brokers that operates more than a decade and is quite well-established and known for transparency brand in trading environment.
Customer reviews show positive feedback of XM’s operation overall also quick withdrawal procedures and attentive customer care; many users especially value the simplicity of deposits and withdrawals. The proposal is clear, there are no hidden fees or uncertain conditions offered which is another plus showing Broker is good for long-term trading.
Score – 4.5/5
XM offers various account types including 3 Main Options Micro Account, Standard Account, XM Ultra-Low Account and additional Shares Account designed for Shares trading particularly. You may choose a preferred trading strategy like pattern trading or other, also trading preference and adjust account selecting based on that, since deposit requirement is same for all 3 main accounts so choice is solely on trader preference.
See our snapshot of XM Account offering below, yet note the availability of the account types depends on each entity of XM so good to verify conditions applicable to you fully.
XM does not provide services to residents of several countries due to regulatory restrictions. Specifically, the broker is restricted in the following regions:
Score – 4.2/5
XM operates with variable spreads , just like the interbank forex market and imposes no restrictions on trading during news releases. XM fixed spreads are higher than a variable ones, as well are more flexible to different trading strategies. That means all trading costs are calculated into a spread with no hidden fees and tight spread offering.
Also, while selecting the broker it is advisable to check not only the spread but also consider non-trading fees, withdrawal fee or other charges which applicable so that you will see the full picture, compare some fees below based on our finds. Here’s a brief overview of the key fees:
Spreads at XM are based on the account settings, you may find spread as low as 0.6 pips on its Ultra Low account suitable for intraday trading. On the accounts like Micro and Standard spreads are higher starting from 1.6 pips with EUR/USD average spread 1.7 pip. Trade instruments and the market situation will affect spreads too, while overall rate is higher than industry average of 1.2 pips.
XM does not charge commissions on main account types, however for Shares account fees might apply commission since Shares trading connected through Exchange so underlying assert fee conditions will be applicable.
XM overnight fee or the fee that a trader pays in case the position is opened longer than a day and is agreed through a swap contract that comes as a cost. Every currency has a different interest rate which comes as a calculation. As an example assume that the interest rates in Japan and the US are 0.25% p.a. and 2.5% p.a. respectively, with an open position, you can either gain USD 6.16 per day or lose USD 6.16 per day, as the rollover calculated as an interest to borrowed currency or earned on the purchased currency. XM uses a 3-day rollover on Wednesdays for positions kept over the weekend to adjust for weekends. Also, Ultra Low Account does not provide swaps or rollover.
XM Fees are ranked average based on our testing and compared to over 500 other brokers. Fees might be different based on entity, also majority of currency pairs are on an average level for spreads across all offered asset classes and we find them similar to many other brokers, yet higher than Brokers ranked with very low fee structure . Yet, Ultra-Low account spreads are better and among low level. Also additional fees like funding fees, rollover are good, since no funding fees applied, while inactivity and rollover is something typicall all Brokers charge.
| Asset/ Pair | XM Spread | FXTM Spread | AvaTrade Spread |
|---|---|---|---|
| EUR USD Spread | 1.6 pips | 1.5pips | 0.9 pips |
| Crude Oil WTI Spread | 3 cents | 9 cents | 3 cents |
| Gold Spread | 0.27 pips | 36 | $0.27 |
| BTC USD Spread | 95 | 270 | 0.10% |
XM levies many non-trading fees, of which traders should be advised. First, following one year of no account activity, there is an inactivity cost of $15; if the account continues inactive, a monthly charge of $5 follows. This charge helps pay administrative expenses and motivates aggressive trading.
Furthermore, clients may pay costs from payment processors for transactions even when XM does not impose withdrawal fees. For trades involving instruments denominated in a different currency than the base currency of the account, there also are currency conversion fees. XM keeps a clear charge schedule overall, but traders should take these extra expenses into account while running their accounts.
Score – 4.5/5
In terms of trading software, XM clients access to make transactions and trades throughout well-known and perfectly-developed trading platforms MetaTrader4 and MetaTrader5 and its own XM WebTrader Platform too.
| Platforms | XM Platforms | FXTM Platforms | AvaTrade Platforms |
|---|---|---|---|
| MT4 | Yes | Yes | Yes |
| MT5 | Yes | Yes | No |
| Own Platform | Yes | Yes | Yes |
| Mobile Apps | Yes | Yes | Yes |
Directly accessible from the XM Member account the platform is based on Web, so integrated with a site of technical analysis, indicators and tools, stop or trailing orders. So you may access XM trading just by the use of the browser and login to XM Web Trading, valuable for traders who prefer simlicity and clear layouts.
The XM web platform combines strong trading features together with a simple UI. Expert Advisors (EAs) supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), arming traders with superior charting tools, technical indicators , and automated trading powers. Beneficial in rapidly moving markets, the platform features a one-click trading capability that lets trades be quickly executed. XM’s web platform offers traders looking for a consistent trading experience an attractive option since it combines utility and simplicity of use accessible from any device and does not require installation or laptop hevy resources.
With its array of features that improve the trading experience, the XM Desktop MetaTrader 4 (MT4) platform is a valuable software for traders looking for comprehensive features. To enable versatile trading strategies, the platform supports market, limit, and stop orders as well as other order types. With over 50 technical indicators and many chart layouts, users can personalize their workplace to support in-depth market research.By means of Expert Advisors (EAs), MT4 also offers automated trading, therefore enabling traders to apply strategies free from regular monitoring. The platform provides fast execution speeds and dependability we marked highly on our trading test, assuring trades are carried out immediately. XM is a common choice in the forex market since its MT4 offers a complete trading environment fit for new and expert traders.
With its sophisticated characteristics, the XM Desktop MetaTrader 5 (MT5) platform a newer version is also a choice for XM traders with all available accounts and trading instruments XM offers for full trading experience. With over 80 built-in technical indicators and 21 periods, MT5 gives great charting capacity for in-depth market research, besides XM enhanced platform with some extra tools for research and deeper analysis. Expert Advisors (EAs) are supported too, with difference VPS is already inbuilt in platform so EAs may run around the clock, so offer automatic trading alternatives so customers may apply techniques without continual observation.
MT5 overall provides effective trading even with huge volatility since fast order execution times average less than one second. For both new and experienced traders trying to maximize their trading techniques, XM’s MT5 platform combines usefulness and user-friendliness.
Of course, you are able to use your mobile for trading as well, XM MT4 Android and iOS third-party apps, along with XM MT5 apps will give you access to a trading account with full account functionality. MT4 and MT5 apps also offer great charting with 3 Chart Types, over 30 technical indicators in their package, and a full trading history journal.
Users of both Android and iOS devices can enjoy flawless trading with the XM MobileTrader app. The app lets traders run orders, track positions, and access real-time market data on the go, therefore preserving all vital aspects of the desktop platforms. Advanced charting tools, technical indicators, and customized notifications keep users informed about changes in the market. MetaTrader is known for its clean and good feel while trading, also its Charting are among the most powerful offerings in the industry. So, the same as we do, you will enjoy its look and functions offered.
The tool provided quick execution speeds and a user-friendly UI throughout testing, thus making it accessible for various traders. Some users, in the meantime, pointed out that the analytical powers of the app are not as strong as those of the desktop version, which is of course fact due to limited capabilities of phone screens mainly. XM MobileTrader is a dependable choice overall for traders looking for convenience and flexibility in their trading operations and is non-replaceable on the go.
Score – 4.6/5
A range of trading markets as XM Products available from a single multi-asset account that offers 6 Asses Classes and includes about 55 currency pairs with a total over 1000+ trading markets. you are able to trade XM Forex or CFDs on stock indices, commodities, stocks, metals, energies and Cryptocurrencies at XM all available from the same trading account. Yet, the trading instrument range is different based on entity conditions, alike under its XMGlobal brand, Broker provides a selection of 60 cryptocurrency pairs for trading.
XM Markets range offers diverse variety of products so you can enjoy a great choice that meets different expectations and preferences. Besides, we see dramatic growth in instrument offering compared to previous years, adding more Cryptocurrencies and CFDs to the list, also recently added Thematic Indices like AI Index etc.
This wide spectrum helps traders to create diverse portfolios and profit from several market trends covering most of the popular asset classes, also some less popular too. XM does not provide ETFs or options; hence some investors may have less opportunities if prefered. For traders looking for diversity in their investment methods, XM’s wide range of tradable assets makes it a strong option overall.
Depending on the account type and the entity under which the XM follows regulatory obligations, you can use leverage on a scale from 1:1 to 1000:1. So important to understand which leverage level you are entitled to use, therefore always refer to the conditions of your residency. This leverage is not available to all the entities of the Group, alike maximum leverage for clients registered under the EU and AU-regulated entities of the Group is 30:1.
As various XM entities apply different conditions due to regulatory obligations here are the leverage offered according to entity rules, also note that leverage depends on the financial instrument traded:
Score – 4.8/5
The funds transaction at XM are managed in a customer-oriented way, traders having a choice of multiple payment methods supported in all countries. Various payment options including commonly used, also XM introduced a local bank transfer option, which is definitely a plus for many countries since enables to fund the account through local banks and currency with no conversion charges.
XM Trading supports many Deposit Options, see below snapshot from our account opening.
XM broker minimum deposit amount is 5$ only for mainly all offered accounts including Micro Account, Standard Account and XM Ultra Low Account. Yet, if you wish to trade Stocks, there is a separate Shares account demanding 10,000$ as a start which is quite high. However, the amount you may transfer varies according to the chosen payment method you can read and find all the necessary info in the XM Members Area.
XM withdrawal options are the same as the deposit ones, including Bank Wire transfers, e-wallets and Credit Debit cards. XM applied 0% Withdrawal Fee and offers zero fees on both deposits & withdrawals. Very pleasant addition indeed, as the XM company got all the transfer fees covered including e-wallets, major credit cards, instant account funding, and wire transfers with no hidden fees or commissions.
Moreover, while the majority of brokers still charge for wire withdrawals, XM deposits and withdrawals above 200 USD processed by wire transfer are also included in the Company’s zero fees policy. Most withdrawal methods have a minimum withdrawal value of $5. Usually handled in 24 hours, withdrawal requests vary in the time it takes to get money, depending on the method. While e-wallet transactions usually happen on the same day, bank wire and card withdrawals might take two to five business days. Overall, XM offers a quick and easy withdrawal mechanism for its users.
Score – 4.7/5
As for XM support and service, we find XM globally covers trading needs while the customer service team is available in international locations and speaks more than 25 languages including Chinese, Russian, Hindi, Arabic, Portuguese, Thai, Tagalog and more languages.
You can reach out to the customer support team 24/7. The broker is available through email, phone, or live chat. Also, we found that the service is of good quality with reliable and relevant answers, which confirms XM’s client-oriented policy.
Customer Support in XM is ranked 4.7 out of 5 based on our testing. Support is knowledgeable, fast answers are received on Live Chat, also quite easy to reach.
XM provides multiple channels for customer support and communication:
Score – 4.8/5
In terms of research tools and Market materials, it is in good order at XM too. Along with News Feed, Technical Summaries and Technical Analysis, XM provides Fundamental Analysis and Trade Ideas suitable for beginning or advanced traders.
We do really like the way XM organizes its research tools, as you will find in one place everything that is required for your smarter trading decisions along with Forex Calculators, MQL5 and more. Also, exclusive technical indicators compatible with both platforms available for subscribers making it possible to perform algorithmic trading.
To enable traders make informed decisions, XM also offers useful tools, including daily market research, an economic calendar, and trading signals . With its extensive teaching tools and language support, also Price alerts let traders react quickly to developments in the market. These instruments give traders insightful analysis and enhance their capacity for making decisions, therefore empowering them.
Along with good customer service, every client can access numerous educational materials through XM Learning Center, full of trading data and other necessary information that brings trading to a better level. In this regard, XM went also far and developed truly wide education support throughout various regions with the purpose of educating traders, which is a great plus for all traders.
With XM you may count on quality learning, as we found based on our tests, defined also by your level, which includes Live Education offerings, Educational Videos, Forex Webinars, and regularly held Forex Seminars in various destinations. In addition, there are very well-organized tutorials, videos and tools at your disposal.
For newbies, XM is one of best broker because of its easy-to-use platforms, a low minimum deposit of just $5, and wealth of professional Forex Education and materials. XM also offers a virtual fund trial account so newcomers may practice free from danger with Demo Trading. Lastly, XM offers a conducive environment for inexperienced traders to grow their abilities and confidence in the market by including negative balance protection and 24/7 multilingual customer assistance.
Score – 4/5
XM provides a range of investing options, mostly emphasizing active trading above passive investment choices. XM does not offer long-term investing possibilities, including bonds or ETFs, Shares investment which would restrict options for those looking for conventional asset classes. The broker offers no specific long-term investing plan; their products are designed for short-term trading strategies and dedicated to trading mainly on CFDs. For Broker with classic Investment Options we would suggest checking other Brokers.
However, there are available Copy Trading capabilities XM offers, which are quite comprehensive and on a good level that may be considered as type of investment opportunity. Also, Broker does not provide passive investment services like PAMM or MAM accounts for multi account management, where professional money managers trade on behalf of investors.
Score – 4.9/5
Account opening at XM is a straightforward and transparent enough process, you may get started with Demo account almost within minutes since no verification of Identity is required and once ready get to Live account, which was quite smooth process in our test too.
Score – 4.7/5
In addition, we found numerous XM’s add-ones and additional tool allowing you to enjoy extra benefits that the platform offers with regular resrarch or tools.
XM is definitely winning as Broker for Beginning Traders the Education quality and available seminars/ webinars are excellent, yet some similar Brokers also provide a great education. Also, the minimum deposit is only 5$ while others even suggest from 0$, still all are very competitive. The platform selection is basic with MT4 and MT5 available, while similar Brokers like AvaTrade also include professional COpy Trading and proprietary softwaare to diversify more. Also fees we find within the average and slightly higher at times too for Standard account, Brokers like Exness offer much lower spreads with similar conditions.
Instruments range is great at XM too, not with several thousands of instruments but are very competitive product range too. Lastly, XM is among those Brokers with excellent reputations and long-history of operation which is appealing in terms of reliability, similar like AvaTrade and HFM too
Parameter | XM | IC Markets | Exness | AvaTrade | HFM | eToro |
Spread Based Account | 1.6 pips | From 1 pip | From 0.2 pips | From 0.9 pips | Average 1 pip | Average 1 pip |
Commission Based Account | Only on Shares Account | 0.0 pips + $3.5 | 0.0 pips + $3.5 | For Professional Account only | 0.0 pips + $3 | Available at US eToro Crypto |
Fee Ranking | Average | Low/ Average | Low | Low | Average | Average |
Trading Platforms | MT4, MT5, XM WebTrader | MT4, MT5, cTrader | MT4, MT5 | MT4, MT5, WebTrader, AvaTrade App, AvaOptions, DupliTrade, ZuluTrade, AvaSocial, Capitalise.ai | MT4, MT5, HFM App | Proprietary |
Asset Variety | 1,000+ Instruments | 1,000+ Instruments | 200+ Instruments | 250+ Instruments | 500+ Instruments | 2,000+ Instruments |
Regulation | ASIC, CySEC, FSC, DFSA | ASIC, CySEC, FSA | FCA, FSCA, SFSA, CBCS, FSC BVI, FSC Mauritius | Bank of Ireland, ASIC, JFSA, FSCA, CySEC, BVI FSC, FRSA, ISA | FCA, CySEC, ASIC, FSAS, NFA for Crypto Exchange | FCA, CySEC, ASIC, FSAS, NFA for Crypto Exchange |
Customer Support | 24/7 support | 24/7 support | 24/5 support | 24/5 support | 24/5 support | 24/7 support |
Education | Excellent | Good | Fair | Excellent | Good | Good |
Minimum Deposit | $5 | $200 | $10 | $100 | $0 | $200 |
Operating since 2009, XM is a reputable broker known for its Forex and CFD trading offerings. Under control of several agencies, including ASIC and CySEC, XM guarantees a safe trading environment, also is a reputable firm operating for many years with excellent ranking and reviews from traders. To suit different trading tastes, the broker provides over 1,000 trading products, including stock CFDs, precious metals, and 55 currency pairs. XM stands out as a trusted platform, offering a secure trading environment backed by its status and conditions favorble to trading preferences, flexibility of platforms and available extra features.
Given a minimal initial commitment of just $5, XM appeals especially to beginners. Through MetaTrader 4 and 5, the platform offers easy-to-use interfaces; additional exceptionally well-designed and performed educational tools like webinars and market analysis round out this aspect. XM also offers traders better security by means of various trading protections, schemes and securitty applied.Focusing primarily on active trading techniques, it lacks long-term investment options such as bonds and ETFs, aslo available Shares Trading is for trading purposes only. For both new and seasoned traders, XM is a good option because it offers affordable costs, first-rate customer service, and strong instructional tools combined.
our team of experienced traders, financial analysts, and market experts is dedicated to delivering accurate, insightful, and up-to-date forex and cryptocurrency news. With diverse backgrounds in trading, investment research, and financial journalism, our authors provide in-depth analysis, strategic insights, and educational content to help traders and investors informed.
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