XM Overview
| Website | xm.com |
| Year Founded | 2009 |
| Countries of Registration | Belize, Cyprus, Australia, United Arab Emirates |
| Website Languages | English, Malay, Simplified Chinese, Traditional Chinese, Greek, Hungarian, Russian, Indonesian, French, Italian, Swedish, German, Polish, Arabic, Spanish, Korean, Portuguese, Vietnamese, Thai, Filipino, Dutch, Czech, Bengali, Urdu, Turkish, Hindi, Sinhala, Uzbek |
| Regulators | BFSC, CySEC, ASIC, DFSA |
| Broker Type | MM |
| Dealing | B-book |
| Minimum Deposit | $5 |
| Account Currencies | USD, EUR, GBP, AUD, CHF, JPY, PLN, ZAR, SGD, HUF |
| Spread | low |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Trading Assets | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities |
Brief look at XM
XM is a globally recognized forex and CFD broker established in 2009. Regulated by reputable financial authorities such as the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC), XM provides a secure and transparent trading environment. The broker offers access to over 1,000 financial instruments, including forex pairs, commodities, indices, metals, and energies, catering to both novice and experienced traders. One of XM's standout features is its commitment to client education and support. The broker provides extensive educational resources like webinars, tutorials, and market analyses to help traders make informed decisions. With multiple account types, competitive spreads, and support for popular trading platforms like MetaTrader 4 and MetaTrader 5, XM aims to deliver a flexible and user-friendly trading experience tailored to individual needs.
Pros
- Regulated by reputable authorities
- Wide range of trading instruments
- Multiple account types
- Competitive spreads and leverage
- Comprehensive educational resources
- Advanced trading platforms
- Multilingual customer support
Cons
- Inactivity fees
- Restricted in certain countries
Is XM available in my country?
We just checked and
XM doesn't accept clients from United States!
Your capital is at risk
XM Reviews
XM Global is an exceptional broker with outstanding customer service. The MT4 trading platform is reliable, and the login process is seamless. Their trading app makes forex trading convenient and accessible anywhere.
4/20/2024I've been with XM Group for over a year, and their variety of trading accounts suits all my needs. The copy trading feature has been a game-changer for me. Highly recommend this broker!
5/15/2024Great broker with competitive spreads on forex pairs. The MT4 platform is user-friendly, and the trading app allows me to manage my trades efficiently. The login process is quick and secure.
6/10/2024The broker offers a range of trading accounts, but I experienced issues with the trading app. The MT4 platform occasionally lags, and the copy trading feature wasn't as helpful as I'd hoped.
7/5/2024Excellent broker with helpful customer support. The MT4 trading platform works smoothly, and their trading app is very convenient. The login process is secure, and I trust XM Group with my forex trading.
8/25/2024Leave a Review
Is XM regulated?
| Companies | XM Global Limited, Trading Point Of Financial Instruments Ltd, Trading Point of Financial Instruments Pty Limited, Trading Point MENA Limited |
| Countries | Belize, Cyprus, Australia, United Arab Emirates |
| Regulators | BFSC, CySEC, ASIC, DFSA |
| Investor Protection | Investor Compensation Fund (ICF) |
| Investor Protection Size | €20 000 |
| Publicly Traded | |
| Segregated Accounts | |
| Guaranteed Stop Loss | |
| Negative Balance Protection |
XM Account Types
| Property | Standard | Micro |
|---|---|---|
| Deposit | $5 | $5 |
| Lot Size | 0.01 lots | 0.01 lots |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 1.6 pips | 1.6 pips |
| Fee | No | No |
| Max Leverage | 1:1000 | 1:1000 |
| Stop Out | 20% | 20% |
| Margin Call | 50% | 50% |
Additional Features
- Demo Account
- VIP Account
- Swap-Free Account
- Copy Trading
- VPS
- PAMM/MAM Accounts
XM Funding and Fees
| Base currencies | USD, EUR, GBP, AUD, CHF, JPY, PLN, ZAR, SGD, HUF |
| Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, FasaPay, Giropay, IDEAL, Jeton, Mobile Money, MuchBetter, Neteller, NganLuong, Paysafecard, Perfect Money, POLi, Przelewy24, Skrill, STICPAY, Trustly, China UnionPay, WebMoney |
| Inactivity fee | $15 after 12 months |
| Interest on margin | |
| Withdrawal Fee |
XM Trading Platforms and Conditions
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Execution Speed | 0 ms |
| Scalping | |
| Expert Advisors (EAs) | |
| Depth of Market (DOM) | |
| Spread | low |
XM Trading Assets
| Currencies | 55 |
| Indices | 50 |
| Stocks | 1307 |
| Cryptocurrencies | 58 |
| Bonds | 0 |
| Metals | 3 |
| Energies | 3 |
| Soft Commodities | 8 |
| ETFs | 0 |
Education and Analytics
| Economic Calendar | |
| Indicators | |
| Robots | |
| Signals | |
| Autochartist | |
| Expert Analytics | |
| News Feed | |
| Education Articles | |
| Webinars | |
| Seminars |
Broker Bonuses
| Bonus Type | Size | Details |
|---|---|---|
| Welcome Bonus | 100%, up to $5,000 | Learn More |
Broker Contests
Live Contests
| Contest Name | Start Balance | Prize Pool | Period | Details |
|---|---|---|---|---|
| Starter | $500 | $15,000 | Weekly | Learn More |
| Pro | $1,000 | $30,000 | Weekly | Learn More |
XM Support
| [email protected] | |
| Phone | +5012236696 |
| YouTube | YouTube |
| TikTok | TikTok |
XM vs Competitors
| Features | XM | Exness | IC Markets | eToro | FOREX.com | FBS |
|---|---|---|---|---|---|---|
| Type | MM | MM, STP, ECN | ECN, DMA | MM | MM, DMA | STP |
| Minimum Deposit | $5 | $10 | $200 | $200 | $100 | $5 |
| Regulators | BFSC, CySEC, ASIC, DFSA | FCA, SFSA, FSCA, FSC, BVIFSC, CySEC, CBCS, CMA | SFSA, ASIC, CySEC, CMA | SFSA, FCA, CySEC, ASIC, SEC | CIMA, FCA, CIRO, CySEC, SFC, JFSA, ASIC, MAS, CFTC, NFA | BFSC, CySEC, ASIC, FSCA |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView | eToro | FOREX.com, Ninja Trader, MetaTrader 4 (MT4), TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5), FBS Trader |
| Spread | low | low | low | high | average | low |
| Leverage | 1:1000 | 1:2000 | 1:500 | 1:30 | 1:50 | 1:3000 |
| Assets | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Bonds, Metals, Energies, Soft Commodities, Cryptocurrencies | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies |
