- What is XM?
- 55brokers Professional Insights
- Bonuses
- Products
- Regulation & Security
- Deposits and Withdrawals
- Trading Conditions
- Account Options
- Trading Platforms and Tools
- Instruments Offered
- Education & Research
- Economic Calendar and Market Sentiment Tools
- Customer Service
- Reputation and Client Satisfaction
- Final Summary
Overall Rating 4.6 / 5
Regulation and Security Measures | 4.5 / 5 |
Account Types and Benefits | 4.6 / 5 |
Cost Structure and Fees | 4.2 / 5 |
Trading Platforms and Tools | 4.4 / 5 |
Trading Instruments | 4.6 / 5 |
Deposit and Withdrawal Options | 4.8 / 5 |
Customer Support and Responsiveness | 4.7 / 5 |
Research and Education | 4.8 / 5 |
Portfolio and Investment Opportunities | 4 / 5 |
Account opening | 4.9 / 5 |
Additional Tools and Features | 4.7 / 5 |
What is XM?
If you’re in search of a broker that delivers efficient execution, consistently stable leverage during all market conditions, and competitive trading terms, XM remains a strong contender in today’s global brokerage landscape. As one of the largest brokers worldwide, XM facilitates nearly 14 million trades each day.
With a presence spanning over 15 years and servicing more than 15 million clients in 190+ countries, XM has cemented its reputation as a dependable and well-regarded brokerage. Its adherence to multi-jurisdictional regulation and dedication to transparent trading practices have been pivotal in establishing its status as a major regulated financial entity.
- Two key operational features – no re-quotes and no order rejections – underscore XM’s precision in trade execution. These benefits are especially valuable for traders utilizing news-based and algorithmic strategies.
- XM is engineered to support traders who demand consistent performance and power. A noteworthy advantage is the leverage of up to 1000:1*, which remains constant, even during after-hours trading, economic releases, or high-impact events such as NFP, CPI, and FOMC.
Overall, XM brings together strong regulation, lightning-fast execution, and trader-centric features, creating a dynamic and reliable trading environment.
*Leverage depends on the financial instrument traded and the respective XM entity with which the business relationship is established.
XM Features
XM is a prominent broker known for its diverse offerings and user-friendly trading environment. Here are the main features that set XM apart:
XM Features in 10 Points
🏢 Regulation | CySEC, FSC, DFSA, FSCA |
🗺️ Account Types | Standard Account, XM Ultra-Low Account, Shares Account |
🖥 Trading Platforms | MT4, MT5, XM WebTrader, XM App |
📉 Trading Instruments | 1,000+ products Stocks, CFDs, Forex, Commodities, Portfolios, Metals, Thematic Indices, Turbo Stocks, 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 |
55brokers Professional Insights
XM is indeed a good Broker for beginning traders, also Traders with experience who prefer MT4 or MT5 platforms and run various strategies looking for a 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 ultra low fees or separately if you like speculation on Shares but not buying asset itself XM might be good choice. Since there is a specifically designed account for Shares trading with a 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 who prefer good diversification, not thousands like competitors, 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 the professional tools XM offer, so for great selection of quality tools and an 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.
Consider Trading with XM If:
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 |
Avoid Trading with XM If:
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 |
Bonuses
One of XM’s key value offerings is its broad selection of deposit and no-deposit bonuses, which provide added flexibility and increased capital for trading. These incentives can help support trade volume and potentially reduce the chance of a stop-out.
Welcome Bonus
XM provides a Welcome Bonus to new clients in qualifying jurisdictions, allowing them to get a hands-on experience of the platform’s live trading environment.
This bonus enables traders to:
- Experience real-time trade execution under live market conditions.
- Access live pricing and spreads.
- Engage with fair and easy-to-understand terms, without hidden conditions or excessive volume requirements.
By using this bonus, traders can explore XM’s trading tools and performance in real markets – beyond the demo environment – and evaluate the platform firsthand.
No Deposit Bonus (NDB)
XM offers a No Deposit Bonus to eligible clients, giving them the opportunity to trade and even withdraw profits without having to deposit any funds.
Key highlights of this offer include:
- No initial deposit required to start trading.
- Zero upfront cost to access live markets.
- Withdrawable profits upon fulfilling reasonable terms.
- Bonus automatically credited upon account verification.
- A true risk-free starting point for new traders.
- The opportunity to trade on live spreads and prices.
- Transparent, fair conditions with no excessive requirements.
What makes XM’s NDB unique is its fairness. Many brokers impose complicated or misleading rules around such bonuses, but XM’s straightforward approach makes it a good option for those wanting to evaluate the platform risk-free or test execution speed and order handling before committing capital.
Note: The NDB is not available in all regions.
Deposit Bonus – Up to 100%
Once clients begin funding their accounts, they gain access to XM’s deposit-based bonuses, which offer genuine trading flexibility.
XM’s Deposit Bonus offers:
- Bonus credited directly to trading equity (not limited to margin only).
- Capability to open larger trades, particularly those requiring high margin.
- Full withdrawal rights on profits made from the bonus.
This bonus model is especially advantageous for traders with small to medium accounts, offering additional capital and rewards for loyalty.
Seasonal Promotions
XM periodically runs promotions that are tailored to local client bases and regional preferences. These include a variety of bonuses and incentives tied to holidays, educational events, and seminars.
Examples of typical promotions include:
- Bonuses tied to seasonal or holiday campaigns.
- Special rewards for seminar participants.
- Region-targeted promotions based on client profiles or trading behavior.
Clients are usually notified of these offers via email, the Members Area, or on XM’s website.

Products
XM Traders Club – XM’s Loyalty Rewards Program
The XM Traders Club is a loyalty initiative where clients earn rewards as they trade. Membership progresses across five levels — Bronze, Silver, Gold, Platinum, and Elite — with each stage unlocking increased perks.
Client status is determined by trading volume, and active members enjoy exclusive rewards based on their trading performance.
Main features include:
- Earning XMC Points (XM Coins) with every standard lot traded.
- Converting XMCs into cash or bonus credits.
- Access to tailored promotions, premium VPS services, and advanced market insights.
- Additional benefits for higher-tier members.
This loyalty system suits high-volume traders looking to earn ongoing benefits without changing their trading strategy or risk profile.
Trading Competitions
XM regularly hosts competitions on its dedicated platform – XM Competitions – where traders compete for cash prizes.
Advantages include:
- Real, withdrawable prizes.
- Entry often requires no deposit.
- Leaderboards for real-time ranking and transparency.
- Safe, risk-free participation in demo contests for strategy testing.
Disclaimer: Promotions and bonuses are not available for accounts registered under XM’s EU-based entity (CySEC) and Mena entities (DFSA). The XM Group operates globally under various entities, so products, services, and features listed here vary between XM entities. For further information, please visit the XM website.
Copy Trading
XM also features a copy trading system, letting users mirror the strategies of top-performing Strategy Managers. This functionality supports both learning and diversification, making it suitable for beginners and experienced traders alike.
Key features:
- Choose from a broad range of trading strategies.
- Automatically copy successful traders’ positions.
- Diversify across different traders and systems.
- Learn passively by observing skilled traders.
- Strategy Managers can earn performance-based fees.
Note: The service is not available in all entities and does not constitute investment advice. Clients are advised to visit the XM website for more information.

Regulation & Security
A key consideration in broker selection is regulatory oversight – an area where XM excels. With licenses across multiple jurisdictions, XM provides clients with reassurance through adherence to strict local laws and global best practices.
XM, part of Trading Point Holdings Ltd, operates under several licensed entities. This international framework ensures clients enjoy robust protections and transparent trading standards.
Regulatory Entities & License Numbers
Brand |
Regulatory entity |
Country |
License registration number |
XM Global Limited |
Financial Services Commission (FSC) |
Belize
|
000261/27 |
Trading Point of Financial Instruments Ltd |
Cyprus Securities and Exchange Commission (CySEC) |
Cyprus |
120/10 |
XM ZA (Pty) Ltd |
Financial Sector Conduct Authority (FSCA) in South Africa |
South Africa |
49976 |
Trading Point MENA Limited |
Dubai Financial Services Authority (DFSA) |
Dubai |
F003484 |
XM International MU Limited |
Financial Services Commission (FSC) |
Mauritius |
GB23202700 |
XM (SC) Limited |
Financial Services Authority (FSA) |
Seychelles |
SD190 |
Client Protection Policies
XM has a variety of industry-leading protective mechanisms that enhance trader security.
- Segregated Funds: Clients’ money is stored separately from company funds, preventing misuse.
- Negative Balance Protection: Clients cannot lose more than their deposit.
- Strict Risk Controls: Entities comply with MiFID II and equivalent local policies.
- SSL Encryption: All data is protected using high-level SSL security.
- Secure Transactions: Payment methods are verified and secured to guard against fraud.

Deposits and Withdrawals
For traders, the ability to move funds quickly, safely, and without hidden fees is critical. XM delivers a seamless experience with rapid deposits and near-instant withdrawals — all at no cost. The platform supports multiple flexible options, ensuring funds are transferred promptly and securely, free from unexpected charges.
Thanks to its efficient and transparent process, XM stands out as an industry leader in funding accessibility. Whether you’re topping up your account for the first time or cashing out after a successful trading run, XM ensures your money moves swiftly and reliably, without delays or hidden fees.
Accepted Payment Methods
XM provides a broad selection of globally trusted and regulated payment solutions, allowing clients from nearly any region to fund and withdraw from their accounts effortlessly.
Depending on your region and XM entity, available methods include:
- Credit/Debit Cards: Visa, MasterCard
- E-Wallets: Neteller, Skrill, SticPay
- Local Payment Options: Such as instant banking and mobile money services in regions like Asia, Africa, and Latin America
All payments are handled via secure, encrypted channels, and are backed by advanced anti-fraud systems to ensure maximum protection throughout the transaction process.
Instant Deposits
A standout feature is the near-instant processing of deposits for most payment methods. Funds usually reflect in your trading account within seconds as instant deposit, allowing you to:
- Enter trades at the optimal market timing.
- Respond swiftly to price movements or breaking economic news.
- Execute your trading strategies without interruption.
This quick funding capability is especially vital for traders using Expert Advisors (EAs) or those trading based on news events.
Instant Withdrawals
XM processes withdrawal requests within 24 hours (one business day) after account verification is complete. This applies to all payment methods, with many e-wallet withdrawals often processed within just a few hours.
Key aspects include:
- Rapid internal processing times.
- Clear and fair policy with no unwarranted withdrawal rejections.
- Withdrawals returned via the same method to comply with anti-money laundering regulations.
- Email notifications provided at every stage of the withdrawal process.
Although XM handles withdrawals swiftly, final clearing times may vary depending on banks or third-party providers, particularly for international wire transfers.
No Deposit or Withdrawal Fees
XM does not impose fees on deposits or withdrawals. In most cases, XM also covers transfer fees charged by payment providers, meaning:
- Deposits are fully credited to your trading account.
- Withdrawals are processed without extra charges.
Clients should be aware that fees from banks or third-party services may occasionally apply, depending on the payment method. XM covers transfer fees for most deposit and withdrawal options, though wire transfers below $200 may incur charges depending on the provider.
Local Payment Support
XM offers region-specific deposit and withdrawal options tailored to various markets, enhancing convenience while complying with regulatory standards.
Local payment methods are available in:
- Southeast Asia (e.g., instant bank transfers in Thailand, Malaysia, Vietnam).
- Latin America (e.g., deposits in local currencies).
- Africa (e.g., mobile money services such as M-Pesa).
- Middle East and North Africa (with Arabic-language banking interfaces).
Deposit and Withdrawal Dashboard
Through the XM Members Area, clients can:
- Initiate deposits and withdrawals.
- Review their transaction history.
- Manage preferred payment methods.
- Receive updates on the processing status.
This centralized dashboard offers traders complete visibility and control over their funding activities.

Trading Conditions
XM delivers strong trading conditions designed to support various strategies and experience levels — combining execution reliability, low costs, and flexibility.
Order Execution
XM’s execution engine ensures trades are filled at displayed prices with little to no slippage. With over 10.3 billion trades executed and zero rejections or re-quotes, traders can execute with confidence.
Stable Leverage
While many brokers reduce leverage during major market events, XM maintains consistent leverage levels — up to 1000:1 — based on the client’s selected entity and classification.
Adjustable Leverage
Clients can choose leverage settings appropriate to their risk appetite and strategy — accommodating both conservative and high-exposure approaches.
Competitive Spreads
XM offers spreads starting from 0.8 pips on Ultra Low accounts — helping traders maintain cost efficiency. Ultra Low accounts also offer:
Swap-Free Options
On over 30 instruments, XM offers swap-free trading for Ultra Low Standard and Micro accounts, including:
- No overnight charges (subject to approval).
- Tight spreads from 0.8 pips.
- Negative balance protection.
- Entry with as little as $5.
Swap-free trading is available upon request, subject to approval.
Disclaimer: Leverage depends on the financial instrument traded and the respective XM entity with which the business relationship is established.
* T&Cs apply

Account Options
XM provides a range of account types that differ by region, including Micro, Standard, Ultra-Low, and Shares accounts. Whether you’re a beginner or an experienced trader, XM’s accounts are designed to cater to diverse trading preferences and styles.
- Micro Account: Offers trading under real market conditions but with lower risk. This option is ideal for traders looking to build experience, test new strategies, or manage risk with smaller trade sizes. XM also allows micro lot trading within its Standard and Ultra-Low Accounts.
- Standard Account: Delivers a balanced trading experience with zero commissions and full eligibility for bonuses. It is suitable for most traders, particularly those growing from smaller positions or honing their trading methods.
- Ultra-Low Account: Designed for cost-conscious traders, the Ultra-Low Account is perfect for those who trade frequently or prioritize minimal spreads and low trading costs.
- Shares Account: This account is aimed at investors seeking direct ownership of shares in global companies rather than trading CFDs. It is best suited for long-term investors rather than short-term traders. The Shares Account operates on a commission-based structure, reflecting traditional equity investment approaches and providing an alternative to CFD trading.
Disclaimer: Please visit the XM website for more information regarding applicable account types under the respective XM entity with which the business relationship is established.

Account Types
XM offers a variety of account types designed to suit traders at every experience level, from novices to seasoned professionals.
- Micro Account
Ideal for beginners or those wanting to trade with smaller risk per position.
- Lot size: 1 Micro Lot = 1,000 units
- Available instruments: Forex, commodities, indices, and more
- Leverage: Up to 1000:1 (depending on regulation)
The Micro Account allows traders to participate in real market conditions with lowered risk, making it suitable for gaining experience, testing new strategies, or applying precise risk management on smaller trades.
- Standard Account
Ideal for traders preferring standard lot sizes and full bonus access.
- Lot size: 1 Standard Lot = 100,000 units
This account type provides a balanced trading environment, combining zero commission trading with full access to bonuses, fitting most traders, especially those growing from smaller stakes or refining their approach.
- Ultra-Low Account
Ideal for traders focused on minimal spreads and low trading costs.
- Formats: Standard Ultra & Micro Ultra
The Ultra-Low Account is designed for cost efficiency, particularly attractive to high-frequency traders.
Disclaimer: Please visit the XM website for more information regarding applicable account types under the respective XM entity with which the business relationship is established.
How Competitive Are XM Fees?
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% |
Risk Management Tools
XM equips traders with a robust set of risk management tools designed to protect capital and promote disciplined trading. These include:
- Negative Balance Protection – Ensures clients can never lose more than their account balance.
- Real-Time Margin Monitoring – Keep track of margin levels live and avoid margin calls.
These tools empower traders to maintain control in volatile markets, especially during unexpected economic or geopolitical events.
A broker’s technological offering is pivotal — and XM delivers an integrated, professional-grade ecosystem that works seamlessly across desktop and mobile environments.
MetaTrader 4 & MetaTrader 5
XM offers support for both MT4 and MT5, the industry’s most trusted platforms:
- MT4: Renowned for its simplicity, speed, and minimal resource usage — perfect for discretionary traders.
- MT5: Offers advanced order types, market depth, and superior analytical tools for more sophisticated strategies.
Whether you’re a beginner or an algorithmic trader, XM has you covered with both options.
XM’s Mobile App: Full Trading, Anywhere
The award-winning XM App consolidates trading, charting, and account management into one intuitive platform.
Key Features:
- Full trade execution with live charting tools
- Real-time price alerts and trade notifications
- Complete account management (funding, settings, transaction history)
- Integrated educational resources and support
- Available for iOS and Android
Perfect for traders who demand flexibility without sacrificing functionality.
The XM App offers full control of your account and 24/7 access to global markets – whether you’re travelling, commuting, or if you simply prefer trading via mobile.
Main Insights from Testing
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.

Instruments Offered
With over 1,400 financial instruments across 7 asset classes, XM enables traders to construct a globally diversified portfolio — all from a single account.
Forex
XM’s Forex selection is comprehensive, making it a preferred platform for currency traders. Features include:
- 55+ currency pairs (majors, minors, exotics)
- Tight spreads from 0.8 pips
- Leverage up to 1000:1 (depending on jurisdiction)
- 24/5 access with lightning-fast execution
This extensive offering allows forex traders to take advantage of macroeconomic events, news announcements, and price movements confidently, supported by XM’s robust infrastructure and execution standards.
Stock CFDs
Traders can speculate on global stock price movements without owning the actual shares. Highlights include:
- 1,200+ stock CFDs across US, UK, EU, and Asia
- Major names like Apple, Tesla, Meta, and Amazon
- Profit from upward or downward price movements
Equity Indices
For those interested in trading broader market trends, XM offers a variety of equity indices:
- US: S&P 500, Dow Jones, Nasdaq 100
- Europe: DAX, FTSE 100, CAC 40
- Asia: Nikkei 225, Hang Seng, AUS200
Both cash and futures contracts are available, allowing traders to select expiry dates and pricing models that suit intraday or medium-term strategies.
Commodities
XM features a diverse range of commodity CFDs, covering both hard and soft commodities, providing traders with opportunities to diversify into assets sensitive to inflation and geopolitical events. Categories include:
- Metals: Gold, Silver, Platinum
- Energy: WTI, Brent, Natural Gas
- Agricultural: Coffee, Corn, Cocoa
These commodities serve as effective hedges or primary trading vehicles during inflationary periods, geopolitical instability, or economic uncertainty.
Cryptocurrencies (Available under selected entities only)
Under XM Global, clients can access 60+ cryptocurrency CFDs:
- Top assets: Bitcoin (BTC/USD), Ethereum (ETH/USD), Ripple (XRP/USD), Litecoin (LTC/USD), Bitcoin Cash (BCH/USD).
- Go long or short with leveraged exposure.
Trading crypto CFDs on XM requires no digital wallet and lets traders speculate on price movements in both directions without owning the actual coins.
Note: Trading Cryptocurrency CFDs varies by regulatory jurisdiction and is not offered under all entities (e.g., not available under DFSA or CySEC).
Precious Metals & Energies
In addition to broader commodities, XM highlights metals and energy products as key markets:
- Trade Gold & Silver against USD and EUR
- Platinum, Palladium, WTI, Brent, and Natural Gas
- Tight spreads and flexible lot sizes
These are frequently used as safe-haven assets by traders during market turmoil, and XM provides competitive spreads and flexible lot sizes.
Turbo Stocks*
XM traders can take advantage of intraday volatility with leverage, and benefit from short-term price action on major stocks by trading Turbo Stocks of top brands.
- Over 1,400 assets available.
- Available on all Standard Accounts.
- Designed for intraday volatility and leveraged strategies.
Ideal for traders seeking short bursts of market momentum.
Thematic Indices
Thematic Indices allow traders to capitalize on high-growth sectors or market themes by tracking the performance of specific industries or themes, such as technology, healthcare, or blockchain.
- Cover a broad range of themes.
- Tradable on the MT5 platform.
- Available on all Standard and Ultra-Low Accounts.
*Available under selected entities

Education & Research
XM offers one of the most expansive and accessible educational programs in the industry — covering theory, strategy, and live market learning. The resources are available in multiple languages and blend theoretical knowledge with real-time practical learning.
XM Live Education
XM Live stands out as a unique and innovative educational service in the industry, unmatched by other brokers. Features include:
- Real-time commentary, analysis, and trade ideas
- Daily live streams in multiple languages
- Live Q&A and chart breakdowns with professional traders
Offered in several languages, XM Live Education provides a dynamic learning environment where traders observe professional market analysis and can interact directly with experienced traders, a rare benefit in broker-led education.
Live Education Rooms
XM hosts daily Live Education Rooms separated by skill level—beginner and advanced—led by professional traders and educators. These sessions cover both theory and practical trading concepts using fundamental and technical analysis.
Topics covered:
- Market structure and trends.
These rooms simulate a classroom-like environment and offer traders the opportunity to ask direct questions, get feedback on their ideas, and watch professionals analyse live charts — all in real-time.
On-Demand Video Learning (Powered by Tradepedia)
In partnership with Tradepedia, XM provides a library of professionally produced educational videos.
What does it include?
- Strategy-focused modules.
- Beginner-friendly tutorials.
- Platform tutorials (MT4/MT5/WebTrader).
- Tools and indicator video walkthroughs.
These free, well-organized, and regularly updated videos ensure traders worldwide—including those in mobile-first or remote areas—have 24/7 access to high-quality training.
Webinars
XM also offers weekly live webinars, which are hosted daily in 20+ languages by over 70 instructors:
- Topics range from candlestick basics to advanced technical tools.
- Globally accessible in over 20 languages, regionally tailored.
- Available in multiple time zones.
- Structured into learning series (not just random events).
A highly structured learning system, ideal for step-by-step progression. Topics range from “Understanding Candlestick Patterns” to “Advanced Fibonacci Applications in Trending Markets.”

Economic Calendar and Market Sentiment Tools
For fundamental analysis, XM offers an interactive economic calendar that features:
- Upcoming news events categorized by region, impact level, and timing.
- Consensus forecasts alongside actual data releases.
- Direct links to the financial instruments affected by each event.
Additionally, market sentiment tools provide insights into the prevailing trader positions, aiding those who use contrarian or confirmation-based trading strategies.
Technical Analysis and Daily Research
XM’s dedicated team of analysts regularly publishes technical outlooks, daily trade ideas, and weekly market forecasts, accessible to registered clients.
Available resources include:
- Analysis of technical patterns such as chart formations and key price levels.
- Predictions for support and resistance zones.
- Weekly market outlooks covering forex, indices, and commodities.
- Articles authored by experts focusing on macroeconomic developments.
These tools are particularly valuable for traders who want to incorporate wider market trends into their strategies or seek additional perspectives before making trading decisions.
XM Podcast Series
XM offers a catered podcast series which is perfect for on-the-go traders.
Topics include:
- Psychological strategies and macroeconomical shifts.
- Available on all major podcast platforms.
It’s available via the XM website and popular podcast platforms, helping traders stay informed even during a workout or commute.
Platform Tutorials and Tool Walkthroughs
To help new clients get started, XM offers detailed tutorials for all its platforms:
- MT4 and MT5 setup and customization.
- Placing and managing orders.
- Using indicators and drawing tools.
- Installing and optimizing Expert Advisors (EAs).
These are offered via video and step-by-step written guides.
Multilingual Learning Support
XM’s educational materials are fully translated and localized in more than 30 languages — such as Spanish, Arabic, Portuguese, Thai, Bahasa, and others — ensuring global accessibility for non-English-speaking traders.
This reflects XM’s strong commitment to inclusivity, extending beyond customer service into trader education and development.

Customer Service
Reliable and prompt support is essential when assessing a broker. XM offers a robust, multilingual customer service system that’s available around the clock, designed to meet the needs of its diverse global audience in their preferred language.
Unlike many brokers that outsource support, XM relies on in-house teams thoroughly trained in the company’s platforms, products, and client expectations.
Availability and Operating Hours
XM provides 24/7 customer assistance aligned with global trading hours. From the Asian market open on Monday to the US market close on Friday, clients receive continuous access to support.
Multilingual Assistance in 30+ Languages
One of XM’s standout features is its ability to serve clients in over 30 different languages, including:
- Chinese
…and many more.
This multilingual capacity helps overcome language barriers for non-English speakers, seamlessly aligning with XM’s educational outreach for global traders.
Support Channels
XM offers a variety of ways for clients to get help, based on their communication preferences:
- Live Chat – Accessible via the website, Members Area, and mobile app.
- Email Support – Structured ticket system for efficient tracking and response.
- Phone Support – Available in selected regions and languages.
- XM Help Center & FAQs – A searchable knowledge base for quick answers.
Dedicated Account Managers
Upon registration, each XM client is assigned a personal account manager to deliver tailored support. These managers assist with:
- Verifying accounts and managing deposits or withdrawals
- Explaining account types, features, and promotions
- Guiding users through XM’s platforms and learning tools
Though they don’t offer investment advice, account managers provide a helpful middle ground between general support and personalised assistance.
Regional Events and Local Support
In regions such as Latin America, Southeast Asia, and MENA, XM holds physical events like seminars, expos, and workshops. These include on-site support desks, giving traders a chance to engage directly with their account managers — a valuable trust-building initiative in areas with limited regulatory oversight.

Reputation and Client Satisfaction
XM’s customer support regularly earns high marks on platforms like Trustpilot, Google, SiteJabber, and industry sites such as forex-ratings.com, wikifx.com, tradersunion.com, and myfxbook.com.
Clients consistently highlight:
- Fast and effective issue resolution
- Professional and friendly communication
- Strong product and platform knowledge from support agents
XM has also won multiple service awards based on trader feedback.
In-App Support on the XM App
For mobile users, XM integrates live chat and ticket support directly within its app. This ensures traders can get immediate assistance during market hours without leaving the platform or interrupting their trading activity.
Final Summary
With more than 15 million clients and over 15 years in the market, XM has built a strong reputation as a globally trusted broker. It offers reliable execution, wide asset coverage, and a balance of regulation with flexible trading conditions.
- For beginners, XM delivers user-friendly platforms, generous bonuses, free educational content, and round-the-clock support.
- For experienced traders, XM provides low latency execution, multiple asset classes, advanced tools, and access to real-time data.
- For investors, MT5 access to real company shares with transparent pricing offers a professional-grade experience without hidden charges.
If you’re seeking a globally regulated broker with deep educational value, 24/7 support, reliable execution, and broad market access — XM is a proven choice worth exploring.
Risk Warning: Trading on any financial market involves a significant level of risk to your capital.
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Master traders here are why their copy trading is great. I found many traders that are consistently trading in green. Of course losses happen, but not more than wins. Hidden gem for earning passively.
Conditions are top of the line, if you choose ultra low account you don’t even pay swaps, no comission, only spreads and those are tight as well,. but you give the bonuses and promotions up, this is the drawback of this account. So you gotta think about it and make a decision on what is more importnat to you, and I think standard account takes the win here because some promos are too good, like 2x your depo up to 15k once in 15 years type of thing,I dont think its gonna be repeated any time soon.
Condiitons are great… not so much for the minimum depo. Have to stick to standard acc for now
They’ve solidly regulated, and had millions of clients + almost 16 years on the market. So I am confident its safe to trade, at least to the extent that CFDs with leverage can be. That said, I’m using this for holding stocks as well,. its 2 in 1 for me, and for that, it works pefrect. When I expect the prioces to go down (like in April due to tariff wars), I can put more into my CFD trading account and short. If I expect the prices of stocks to go up, I dont trade, so I buy some more stocks and indices.
Works well, this my system, for a broker like this.
Thank you for sharing your detailed experience! We are glad to hear that our strong regulation, long market presence, and large client base give you confidence in trading with XM. It’s great to know that our platform works well for both your stock holdings and CFD trading strategy. Your balanced approach to market opportunities is impressive. If you ever have questions or need assistance, we are always here to support you. Wishing you continued success with your trading system!
XM Team
BIG. FAIR. HUMAN.
I really like how this broker is very intentional about the kind of asset that is provided and also the trading conditions that are here but I wonder why stocks are offered in CFDs?
Thank you for your feedback! At XM, we offer both real stocks and stock CFDs, giving traders the flexibility to choose what works best for their goals. Some traders prefer CFDs because they allow you to trade in both rising and falling markets, use leverage to maximize potential returns, and start with a lower capital requirement compared to buying real shares outright. With CFDs, you also have access to a wider range of global markets from a single platform. If you ever have questions about the differences or which option might suit your strategy, our team is always here to help. Wishing you success in your trading journey!
XM Team
BIG. FAIR. HUMAN.
I have had a good experience with this platform and a great and quality time with the broker…everything works really good.
Platform is easy to use, trades open fast without issues, and spreads are okay. They have tons of tradable instruments, but i mostly trade forex and when I talk about the performance, I mean about this category. What I like is the educational resources they share with us, they are really useful.
With how big they are, how big the scope is (millions of users), and the regulations, I think its one of the safest brokers out there. The downside is, its a bit behidn times. I noticed the most safe brokers have terrible websites, and the newcomers are all high-tech and cool-looking. This one is definitely more close to the oldschool ones, in spirit.
A pattern I notice is deposits show up almost instantly and the trading platform itself runs the way it should. I’ve placed trades without delays or weird issues. Withdrawals with my debit card took about 2 working days which I’m okay with , it wasn’t lightning fast but definitely not bad. I also used the demo for a while before going live, and honestly that helped me avoid some beginner mistakes. Nothing felt off or shady. It’s not the best platform in the world, but it does what it’s supposed to do and I haven’t had any reason to complain yet.
My impression about this broker was positive in general. Didn’t let me down in majors things.
No way you put cost structure higher than investment and portfolio opportunities. Xm is actually unique in their offer, providing an impressive range of assets. Not many know that they have real shares, intraday stocks for difference trading (their own invention turbo stocks) and futures for soft and hard commodities, cash and futures indices. The cost is market average I’d say. Ultra low is a thing but not something very impressive as the market range
Before I was considering joining xm but decided not to because there wasn’t anything special about it, so I thought. Well, it turns out that the broker I ended up choosing didn’t support hedging, which is a core part of my long-term position trading strategy now… So I ended up going back to xm and now I’m paying a lot more attention to the conditions every broker offers. It’s startling just how few CFD brokers actually allow these sorts of strategies
Many are still trading themselves and wasting hours on the charts, which i don’t have time for really. Glad xm has copy trading, which is designed for people like me, and maybe even beginners. Basically, i’m just copying the trades from masters, and we earn from the same trades without me even touching the charts. The fees are big, but what i should expect when everything is done instead of me.
I can’t say this is the best broker, because I don;t have much to compare. BUt I don’t wanna laeve because I like most things here, aand those are actually enough to keep me here.
Recently opened an account here. The standard account and used their bonus offer. I am a daytrader, i don’t care about the swap fees, so this is why I chose this account. What can I say. The trading conditions are within the standard, and the broker has proved to be trustful. i not see any big issue so far, so i just keep trading normally
I don’t know a person who didn’t hear of xm at this point, they are becoming too popular. I can see why though. They are trying to improve and making promos like they did recently to attract people. It worked on me as well, i started to trade with them and ngl, started to like it here because of how simple and user friendly it is 😀
Why nobody talks about narrow spreads on the stock market here. I personally focused on trading only Netflix stock which is in a bullish trend for many years. I remember how the price dropped from $600 to $150 during COVID-19 and now have you seen what happened there?! Its price is $1320 bucks. Should have invested at that time. Short-terms trades are good, but investments much better.
Everything that you might think of for a normal trading experience could be found at xm. If it’s popular among the others and has been around for quite some time, I thought it’s gotta be ok. And it was actually, not much complications, conditions and tools provided were suitable. Only one drawback for a big service, it’s a lack of choice in accounts. Always wanted to know is it better to have zero spreads account or the one they provide ultra low more beneficial for intraday trading?
What i like about this broker is that they don’t pressure me to give them money… I used the demo account for almost six months with no issue and only made the deposit when I felt like it was time to start practicing live. The minimum is like 5 bucks but I don’t recoomend doing that becaue you have to use a lot of leverage for that which is risky to do. Maybe 50 or 100 is a good place to start in my opinion
lets start with Registration which was quick, and execution speed is fine. They’ve got a decent range of pairs to try out, especially if you’re still learning or want to trade small sizes. No real complaints yet.
Witm Xm be sure to get a Platform that works fine without too much fuss. Spreads are okay, nothing wild. Haven’t seen major issues so far. Used the forex calculator for my last trade and the pedictions were accurate, price fluctuations and all.
Now, I think it’s better to stick to their standard accounts, despite lower spreads on ultra low. Hard decision, but for me their new 15 birthday bonus that they launched recently looks much more beneficial than counting on spreads.
$30 deposit bonus? Hey, it’s not a lot but I’ll take it!
XM is one of the biggest names in the markets and that’s why I joined them. As far as I am concerned, they’re regulated by multiple financial entities. Like how narrow spreads and zero swap commissions they provide on the ultra low standard account. Trading with them is a real pleasure. I didn’t notice any suspicious actively. So far I’m focused on three major currencies to trade cuz of bull trend
Their support team actually listens to customers’ requests. I had a minor problem with account verification, and they answered quickly and explained everything clearly. I like that they dont use any scripts and all their answers are helpful. It gives me confidence that if I have a serious problem in the future, I won’t be left without assistance. The level of services matters for me.
XM mobile app is surprisingly user friendly. You don’t need to download any other files to trade on this app, just downloaded it from the App Store. All key features are just a few clicks away. From opening trades to using advanced features, everything feels intuitive. Gotta say this is much better than trading on common mt4 and mt5 terminals. I like convenience and how it is easy to use.
The varieties of asset makes it a top pick for profitable trading most especially with the stock market.
In terms of realistic spread i mean it is not so tight but its pretty good here, low enough to make a decent profit.
XM offers too many features for traders, feels like they are spoiling us. There is copy trading, ultra low accounts, competitions, bonuses… And i just got the email that hey have already launched some kind of a promo. Looks pretty good, i will try to trade those necessary lots in order to withdraw them.
First impression of Xm Wasn’t really nice especially with the support so I had my doubts but I got to see the broker for what it really was as I got to experience a good trading environment and nice array of assets.
I do not have much to say about this broker, everything is already written in the review. Personally, I found their trading conditions suitable for my trading style. I trade mostly at hourly timeframe forex and gold. Spreads were okay, execution was timely. Just a small note, it’s much better to perform day trading at their ultra low account. Same deposit requirement, much better spreads.
Xm for me is first of all copy trading ,then trading. Idk if you count it as real trading, but I like copying from experts because they surely know more than me lol
Right now I am learnign from it as well so I can see what is their risk management, and I am trading myself a little bit too, but not much.
Their edu content is definitely one of the most informative I’ve seen so far. And the trading central thingy is pretty neat, lets me focus on important things instead of doing hardcore analysis all day
XM has been very easy to use. Trades go through quickly, the spreads are not bad , and the platform feels so easy. No delays on deposits or withdrawals either, which makes things a lot smoother. Judging from my time trading on here, everything works as expected.
XM offers pretty favourable trading conditions. When I was trading on the forex market with 2-3 lots during the publication of CPI report, I was surprised to see how spreads remain tight even with such conditions and volatility. I didn’t lose a lot on spreads and captured most of the profits.
If you asked me for who this broker is the best fit, that would be traders who prefer a simple trading platform, excellent service, and clear trading conditions… everything works like a well-oiled machine here. I was surprised how reliable its platform is… the execution is always fast, the platform is always stable, withdrawals are always processed without issues…
There is an account type for every kind of trader, depending on your level of knowledge or even the assets you want to trade. For example here there is an account dedicated to trading stocks exclusively which has amazing conditions.
The educational materials especially with the trading glossary and terminology makes it very easy for beginners to get started. It sure helped me when I was learning trade.
I’m not sure why people can even go for a standard account, when the ultra low account offers such tight spreads and absent commissions – all for the same price of a 5$ min deposit. The choice was a no brainer for me, as the spreads for eur usd were lower than 1 pips.
I think the account selection is very well balanced, I can even open a demo account with virtual money and practice there for as long as I want. Many trading instruments too…
Plenty of everything is on the xm platform. I didn’t require much, still it was nice to know that the trading service was full and had something to offer. I liked how they worked in their personal area. Well-built user-friendly interface for instant access to the markets. The same can be said for their mobile app. I mainly used it to track my orders, a comfortable one.
Xm is quite a decent choice in forex trading. Costs are fair, with some reasonable spreads. Payments are done on-time, with no obstacles to withdraw. And in general, it looks like having all necessary features for a normal smooth trading, without something super big.
They do not metnion it a lot, but the bonuses I got for depositing were helpful in growing my accout size, which is my main goal for trading with XM.
Their live education center is exactly what I needed. It’s a pleasure to learn from the best of the best. I found how important it is to understand how central banks influence the forex market by their decisions and announcements.
As a whole, xm has what any trader, I mean mediocre needs for the trading. Lower spreads, balanced leverage, timely execution, MT software and of course payments without obstacles. I could see all of these qualities, while trading with them. Other stuff is more about tastes and special trading requirements.
For me I first sign up because they have low minimum deposit it was only like $5. I wanted to try trading forex and some shares too see what is it. Then it got interesting for me and I opened another account ultra low and deposited more money now I am trading there mainly. XM is good service for trading I think – I dont had problems trading with them.
Broker is good. spreads are sometimes wider than usual when a macroeconomic report is published.
Tried XM recently and the experience has been decent. The platform runs smoothly, order execution is okay, and it’s easy to navigate. I haven’t had any major issues so far. The bonuses are also true just got a sweet bonus for referring my friends to join and trade.
If you are looking for a broker with a great trading condition then you’ve come to the right place. I started trading with Xm a while again and while it’s not perfect the most important things I need I am able to get them and that’s low fees and tight spreads!
This platform is well regulated and has great account types; the minimum deposit on the shares account is affordable when compared to other platforms. I chose the ultra low account it is swap free and has no commissions.
I had a feeling that xm has everything that the average average trader needs. Payments without delays, trading terms that didn’t affect the profits in a negative way, good choice of assets and platforms. I found it enough for daily simple trading at CFD markets.
I thought it’s just another broker with the same trading terms, but it’s not like that. XM happened to be an excellent broker for my trading style. Why? Because there is no swap fee on their Ultra low account and this is not an islamic account, just for your information. Anyone can have it. Great for traders like me who keep trades open for a week or more
My trading experience was just good there. I have no sign of a problem with any broker’s service.
Both desktop and mobile versions of the MT5 provided by XM are excellent choices for trading. None of them ever froze or lagged for considerable amounts of time, everything is smooth and upright. The market sentiment is there with you so you can trade on the go and do not waste time looking for news somewhere else. Love it.
I think everything is alright with xm broker, nothing to suspect. Regulations are at place, fair conditions, my personal XP with withdrawals was pretty good. Decent trading platform, overall.
Every day and some times on weekened I trade crypto currencies with XM and it’s mostly popular like Shiba Inu and Avalanche and SOlana.
Nice review! I would agree with most of the points except that the spreads are average. Maybe if you compare them with what other brokers PROMISe, yes. But in reality, spreads differ by quite a lot. I find trading conditions at XM better than other brokers I’ve tried, even more so for assets besides forex
XM offers a good line of various account. Which one will be best for scalping?
Essentially you have to look for account with lower spreads, as you are going to open multiple positions each day. Wide spreads = lower profit for scalpers.
So, because of that, i would recommend the ultra low account option. The spread are almost cut in half compared to standart option, which is veryyy beneficial for scalper traders. Furthermore,the minimum deposit is just $5 so it’s not like those deluxe or premium accountts that require a $10,000 min depo.
XM offers many different accounts and I bet my bottom dollar that everyone will be able to find something useful here. I chose an ultra low standard account with zero swap fees on major currencies and narrow spreads.
When I first started with XM, did it bcause of 1000x leverage, was the standout feature at the time. Obviously, learned a lot in these years. Nowadays, I know that there are brokers that offer 3000x even 10000x. But I stay with XM because I have deposits here and don’t want to transfer money around, so much can go wrong.
Xm has a really good support experience that makes it easy for anyone to join the platform. Either as a beginner or experienced trader it’s a great application to use for a all trading activities.
Trading with xm, was nice and flawless. All I needed was simple trading without any problems and they could give me that.
I think XM is good, I like tournaments here as well for demo. I am usually trade turbo stocks and stock derivative but also I take part in tournaments because its fun and for demo its free.
It looks like an ordinary trading service. And from some perspective, xm is quite simple without something special. But, if I talk about my own xp with them, I’d say that with simplicity, comes the convenience. I could focus mainly on trading, not getting distracted by other things. The MT platform and nice trading conditions helped me in this process.
Everyday I trade with XM on my computer in the morning I make some trades on forex and stocks then I go to work. At work I usually check my trades from my phone and see if I need to take profit or maybe move my SL or close my trades. I Like the comfort here, seems like I get all control over my trades 🙂 Thanks xm for app and trading services.
I trade with XM because I liked the XM app. When I was in goodge play I searched for trading app and XM first came out so I downloaded it. Then it was comfortable because it was easy to open trading account here I have ultra low. I paid with my visa card and then I am trading forex and some stocks.
The broker that has trading conditions, without any unnecessary fee. It was both affordable and comfortable to trade with xm. For now, I can’t tell about any nitpicks and complaints about this broker.
A little bit of this and that makes the difference. Lol , I am speaking of their various asset types, when I trade one like forex and trade the next like stocks it makes a huge difference in my profit ratio. The customer service is also cool..,
Good broker with reasonable trading conditions. It was challenging to find the service that is good in pricing and suitable for me by its trading software. Here, I think, it’s okay, MT+normal spreads.
XM provides a solid and reliable platform. The interface is easy to navigate, and customer support is always helpful. With a range of trading tools and assets, it’s a good choice for those looking to get into trading. I’ve had no major issues, and the overall experience has been smooth.
the amount of licenses this has… astounding.
Why the investment opportunities are only 4/5 btw? The real stocks they have are a great investment. PAMM is no better than copy trading (that they have, and its one of the better ones, just because the traders are good). I really don’t agree with investment score there. The rest yeah, solid points!
Trading wit h XM is going super well, and mainly for the fact thaat I am getting better with every trade in here. Education is the main reason for that,. I like how they conduct live tv and they even answered my questions the other day😁 Trading with ultra account and now swaps so I can do intraday and carry my trade and don;t pay any swap fees adn this is very convenient
One thing I definitely like about this broker is the variety of payment methods that are being offered to the clients, here there are different ways deposit and withdrawals can be made like through bank wire transfer, card methods, E-wallets and other ways but this makes the platform efficient.
good broker with no real issues when trading with it, unlike most others out there
It’s a good way to learn on demo , listening to videos and watching tutorials. But at the same time, it’s a great way to practice on real account with comfortable leverage (X1000), low deposit threshold, excellent spreads… in parallel, you receive accurate trading signals from trading central that is a great addition to mt4 and mt5 in the way it is implemented by xm.
good experience, nothing feels lacking. got my money in less than ten minutes, even if it was just a test withdrawal, I’m happy.If they offered more options specific to scalping, I wouldn’t be opposed to that too. Like maybe ctrader in the future, or anything to add to the account they have for it, and addons for MT5.
The experience with xm was quite okay, no problems with their services at all. Since, there were no issues from their side, I think this broker deserves the trust and credits from my side, as a just good broker.
Only good words! As you feel safe trading here under the regulated platform. I did not experience requotes altoiugh I must admit my whole record with xm is within 3 weeks or so. Anyway i could withdraw twice for this period already and never had problems with approval of my withdrawal applications. It matters more than diversity of tools – however, you enjoy many tools here too.
Last week, I finally finalised the process of opening an account. Yes, it took me a while, much longer than I initially expected, but guess what… I am not even mad or disappointed… I’ll tell you why…
The registration procedure is pretty simple and standard. It took me like 5 min and the uploaded documents were approved pretty quickly and my account was ready to be deposited… but here I encountered a problem. I couldn’t deposited… regardless how many tries I made, the same error message appeared – the transfer coudn;t be completed.
Luckily , I received an email from an account manager once my account was approved, and decided instead to contact the customer support to ask her what seemed to be the problem. Got an immediate response, the country I entered didn’t correspond with the country of the bank card. Yes, they were different.
I appreciate that this problem was solved in the beginning… in the past I had a similar experience with a broker, but in that case they didn’t have a problem with depositing, but when I made a withdrawal request, they say they are not able to process it.
This time, I am sure all my banking details are set in place even before depositing my account. Feels good and reassuring.
This is a pretty fresh review… last updated in January 2025 and quite comprehensive as well… I recommend this article to everyone considering XM as his future broker.
What I did was the following… opened up the XM website and started filling out the registration form according to my jurisdiction. Simultaneously, I followed this article to see if everything aligns with the actual situation on their website.
The article seems accurate, and I couldn’t spot any mistakes or aspects that are not depicted as they were on their website.
Just one thing… regarding the brokerage fees… you gave them 4.2 points out of 5. I would give them 5/5 in this category due to the XM ultra low account, which is one of the most cost-effective you can find out there!
wasn’t expecting as much year ago, but now I’m liking it a lot. 2025 was a huge year for stocks and forex already, so many huge moves. I guess slow 2023-2024 was just not as fun for me. Big moves with XM pay off very well, and they don’t increase spread during news events, at least if you choose the acc right. The end result is good profit for me, so can’t complain, at least this year.
Fair trading conditions that they provided me for trading forex pairs. Nothing is overwhelming or lacking, just good spreads and a golden middle average. That`s more or less suits me.
This is a great, thorough and objective review of XM. I recently started to trade on this platform and this article helped me understand better how XM is doing compared to other brokers.
There is just one thing that I want to add, that is not mentioned in the article – regarding the deposit bonus.
It’s interesting that XM has included a 100% deposit bonus, especially since this is more common with what I call “work-in-progress” platforms, not for established and already popular brokers. So, I would add these aspects as another positive trait to be considered when evaluating the platform.
Is there any reliable way to win the trading competitions here, or at least come up top-10? I find those really fun, but always fall short, even if I’m profitable during trading. Should I use the leverage to the max and take risk management less seriously maybe, or is it possible with lower risk still?
They provide probably the best conditions, if you look at it generally. I wanted to get some analytics, and saw that they are collabing with Trading Central and there are so many materials! The insights you can get are a lot, and all filled to the rim with useful info and tips about the upcoming market moves😏 The only thing needed is to use them correctly
The process of registration was simple actually there. I found out about xm broker after noticing them in the list of top 20 brokers. As soon as I opened the ultra low standard account, I needed to pass a full verification to make deposits and withdrawals hassle-free. It turned out they have cryptos for transactions and I’m not sure if this is possible to use in all regions but at least in the global jurisdiction everything is fine.
What I particularly notice about trading with xm broker, it`s the simple and convenient way of trading. Really, all the services were easy to understand, so there were some sort of unexpected things to face, in the important processes, such as trades placement or payments,full transparency of services, indeed.
This broker was the right choice for my first trading experience. I like the variety, as well as the quality of provided services that could make me more experienced and knowledgeable traders.
I think for anybody trader , trading with XM is convenient, they have good conditions.
I have a few tips for those considering XM broker.
I don’t believe that anyone would face any trouble assessing the trading terms once they are displayed clearly and everything you need to know is provided. Hence, I suggest you go with the Ultra-low account type since there is no minimum deposit requirement,and the terms are much better compared to those on the standard account.
The educational resources are just fine if your intention is to trade and learn simultaneously. There are frequent webinars that are useful and practical. No need to explore other platforms if you are a beginner or let’s say, intermediate trader.
And one more thing, when you open an account, you will be contacted by an agent, which is somehow a dedicated customer support agent to you… so you know where to call if you need clarification.
One month ago, I opened an account with XM, and even though it’s been a relatively short time since I started trading here, I can see the potential of this platform. Its reliability and professional support is a stand out feature. It is always good to work with professionals. Regarding the trading terms, the thing that stands out is the platform’s overall low trading costs.
It doesn’t take long to get your money after withdrawals. At Least you get it that same day. Also the wide varieties of assets makes it easy to have a diversified portfolio.
I am working with XM stably for like several years in a row and I can’t say that there is nothing that repels me for real from the company. The platform has a very dynamic, flexible and versatile trading environment which means that you can continually learn and grow here + earn money if you have managed to create a good strategy that brings you income. The broker always supports you if needed, whether these are educational materials or just aid from the support team who you you apply to.
Besides, they have copy trading functionality which is also a very attractive way to multiply money.
My experience with xm broker has gone with no flaws and in general it was comfortable. Hopefully, they provide options to choose between, on assets, platforms, payment methods. Actually, I started on demo accounts and after decided to switch ultra low accounts, which has tight spreads, great choice, for someone, who prefers cheaper prices, unless you`re bonus lover, that`s not for me.
Xm broker is obviously a broker that provides good trading conditions and tools. The best thing that I liked about my personal experience with them, is the functional and stable working platform.
In the first place I liked the trading terms and its reputation, and this was the main reason I decided to trade here.
However, after opening an account, I found features that I was not aware of. Such as the the wallet, which simplifies the transactions between accounts, the contest, which are great for sharpening your trading skills and more.
they indeed care about the comfortability of customers. When i signed up, after a few hours one of their support guys called me and we had a little talk. I felt special and understood I chose righlty.
Anything I need they got is, simple as that. If you come to think of it, XM built a whole empire with everything in it, and the amount of offered services is almost overwhelming,
You get multiple platforms for nearly every modern device there is, and the selection of accounts is well thought without any supoer deposit requirements. Education is just another topic, enough info to learn something new every day. And the tournaments, arguably the best organizers of demo contests is XM – and they are regular🏆
The ultra-low account on this platform is the best one to choose. The minimum deposit requirement for this account and for the standard account is the same – $10, so it makes no sense to trade with the standard account since, for the same investment, you can get improved trading terms and lower trading costs.
Additionally, I would recommend this platform for its payment system. I had no troubles with depositing, and most importantly when withdrawing from my account. Works like swiss watch😀
Just right after I opened an account and deposited funds I received a call from XM and had a pleasant conversation with one of their agents. She shared her contacts and told me that for everything I need to feel free to contact, she will be providing help to me 😀
Nice touch and highly professional from their side 👍
The broker is one that is regulated by reputable bodies, secured with the clients money and has a good usability of the platform. The withdrawal methods vary and the one I have had good experiences with is the card method.
I am trading forex and cryptos with Xm, got an ultra low acc and imho it’s a big and robust platform that has big experience in trading. spreads are tight, execution is lightning fast
I reckon it’s difficult to find a better platform from the point of convenience of navigation, comprehensiveness of eductionalt section and reliabilitty, of course.
These are parameters that I have already evaluated, and I have many more of them to assess in the future.
I am a beginner trader, so this is the reason why educational section is crucial for me and this is what I paid attention to at first.
Ofc, registration, verification, these stages were easy as well.
As for reliability that I mentioned, then just check awards, licenses and tier lists. XM is almost on the top.
I was looking for a broker that would provide long-term investments stocks for a long time.
Almost all of them offer only cfds but after all I found xm and their “shares” trading account attracted my attention. As soon as i deposited my funds, the supp got in touch with me and we had a little talk. I wanted to sign w-8 ben form to avoid double taxes from investing in US stocks. I’m good rn
ultra low standard is a nice choice for me since usually i hold positions for several weeks. in other words, i hate paying for swap commissions and luckily, xm broker offers this account that doesn’t charge any commissions for swaps. It’s definitely a profitble deal for me! 👍👍
This broker has a good reputation among traders. And this influenced my decision to open trading account here
I deposited my trading account with convenient sum for myself, since minimum deposit is only $5.
Therefore, I easily and without problems gained access to a real trading account.
I chose MetaTrader4 trading platform. It has user-friendly and multifunctional interface. And I can use any trading strategies on it.
The withdrawal with this platform has been cool, it works seamlessly and everything is fine… there are various payment options that allows you choose conveniently. The platform also has great tools and everything you need to make cool profits.
well, if you’re asking me, then i had some hesitation about their reputation to be honest and when i came across XM broker in the list of top 20 brokers around the world, I didn’t trust them anyway.
Nevertheless, i changed my mind after seeing how many financial licenses they have and it was a key factor why i decided to join them. So far i’m trading pretty good with xm.
Hm… 2009? I thought it was founded earlier.
Anyway, this means that the broker is reliable, cause it’s been over 15 years since it has started to work in the market and I am sure that the question about broker’s reliability isn’t on the agenda for traders. You just google “XM”, check when the company was founded and head to registration form right away.
How you found this broker?
wanna share my experience of working with this broker because I am sure for some traders it will be a valuable outlook.
i trade here forex pairs, eur/usd, gbp/usd, gbp/jpy and sometimes check if smth tasty can be caught on blue chips like tesla, amazon, apple, alibaba group.
spreads are fine, execution doesn’t let me down, like if I want to long GBP/jpy at $190 level I send pending order and it’s executed right after the price touches it without slippages.
by the way, guys, have you ever faced lags, requotes or other unpleasant things out here?
I will not redistribute any material from the Website.
As soon as I pasesd a full verification of my acconut, I got a welcome deposit bonus of 30$. After that one of their guys got in touch with me by making a phone call but I wasn’t able to answer it and he contacted me by sending gmail sms. It was good actually!
guys, gold times for the CRYPTO market is beginning. Finally, we got a president of the USA who is not going to prohibit crypto currencies.
The day when Trump won the presidential race, I was in a long position on bitcoin at 67000$ price. It was pumped by 13% and reached 76000$ of price. 🚀🚀 Glad that Xm brokER provides a high leverage for crypto pairs, used 1:80 leverage on that day. 🤑
The pric on accounts are very fair, traders who are new or can’t afford a lot can get the most affordable accounts. I am just glad that XM considered all levels of traders to use their products.
I am super comfortable with the ultra low account for now.
I decided to choose ultra low standadrr accnt because it’s popular. Conditions are really okay, no swaps on the major of forex pairs, so it’s a favoorable place for positinal traders. Besides they offer nice leverage that you can choose on your own All in all, no commplaints, XM broker is a cool.
i opened a trading account there, by the way my choice was the ultra low standard account cuz many traders were mentioning about this account thousands of times.
what i can say is that their mobile trading platform is modern and it has a lot of widgets and simple tools, even though i have never used it before, it was quite easy to understand how to use it. 🧐
I joined XM broker because some colleagues at work who are also involved in the trading industry told me about how much they like this company.
In particular, they were talking about the xm ultra low standard account, well, i wanted to check out what was special about this broker. I was surprised by tight spreads which start from 0,8 pips averagely. Now I totally understand why they were speaking highly about XM! So far I’m enjoying my trading experience. 🤪
I was profitable for many years now, even if its not fulltime, but still found the research sectrion here entertaining. XM live is good too, a bit overly long usually but still.
In my opinion, one of the advantages of XM that almost no one talks about… is that all 3 types of accounts for forex trading have low limit on opening trading account.
For Micro Account, Standard Account and XM Ultra Low Account, broker set a minimum deposit limit of only $5!
Do you think it is good for a trader to trade with small amounts?
I think that with proper trading, even a small amount can be traded successfully.
Minimum lot size in XM is 0.01 and, the leverage largest for currency pairs.
Therefore, my recommendation for those who want to trade such a small amount is to choose EURUSD currency pair and use the smallest lot. Use only one order in trading. This way you can make such trading much safer.
As for my attitude towards such a minimum amount for opening account.
I’m sure that XM wanted to show that they accept all clients regardless of their experience and trading level.
XM has a reputation as one of the solid brokers. And therefore, some beginners may doubt that such a company is suitable for novice traders. XM shows its loyalty to newcomers with such a deposit size
I first tried the standard account which was quite good but when I had to change to the zero account I saw the difference in spreads. But the only minor issue I faced is the response time of the customer service tends to be slower at peak times. Who can I channel my complaints to make changes?
Wow, buddy, take it easy.
I think you should focus more on trading. And you can also ask questions about broker on forums and online sites.
Btw, XM has trading platform that almost every trader knows how to use. Therefore, you can get answers to any question from the community of traders.
As for support service, I have a very positive experience so I am sure they are doing everything they can…
I’ve traded just about every asset pool, but trading gold with XM has me feeling like Midas himself! 😀
the execution is great, spreads are tight, and scalping is allowed… me is happy 😀
When I signed up I got a bonus, very interesting. I don’t really need it beacuase I have my own capital for trading, but it is just pleasant surprise and addtition😁 I cant withdraw the bonus, but I guess I can now risk less of my own capital and trade with the bonus , this way XM has taken care of some of my losses🤣 Doing my thing on MT5 at the moment, not super different from MT4 tbh, but still some innovation I guess, not that bad, but hype was too big.
Starting out in the trading business, you get to hear a lot of opinions and there are various trading platforms available. My mentor in the business once told me that finding the right platform is key and every other thing falls in place. With recommendations of trusted people and research of my own i decided to give XM a try. I am learning to trade crypto on this platform and even though I have been for a while but I feel its a continous learning game. The spreads are nice and the accounts are set up for the traders profitability.
XM broker provides many crypto pairs – BTC, ETH, altcoins, and even memecoins. The volatility is high so a very big opportunity to make a profit sometimes even up to 500% gains. But if you are still new you have to be careful
a bit dissappointed in myself that I didn’t get to financial freedom yet.. always thought im great at math and geometry (charts are basically geom) but for some reason this is harder than I expected. Learned a lot from XM webinars and usually I trade in profit, but sometimes something crazy happens with markets and everything drops, and idk how to hedge vs that.
for broker itself – didnt see anything bad, the payouts are always on time, spread is ok. No swaps acc is helping to hold positions a lot
I started using them not long ago and so far I enjoyed the competitive spreads per account type readily available and therefore giving cheaper trading options. They don’t apply hidden charges which are very much discouraging to someone who is just getting into trading.
Also, they have the demo account option ,especially for anyone who wants an opportunity to freely practice trading.
Word up, bro.
Spreads are competitive for real, while demo account comes in handy to many traders evne me and prolly you too.
As for hidden fees, then I also didn’t notice smth liek this, especially when I was depositing the acc fro the first time, it turned out the cover all costs which is generous of’em. NGL, good guys.
Even after I opened trading account with XM, I was still interested in learning as much as possible about this broker, features of its services, and how each tool works.
So, to get the most accurate answers to my questions, of course, I contacted support service
There I wanted to get the most detailed answers to my questions. To do this, I asked in my messages that support guys give as much detailed information as possible
I’m glad that my requests were fulfilled and I’m completely satisfied with what I received from support service
In this review, I want to thank them for their help
I have been on this platform for some months now and while I’m no expert, I can say I speaking as a trader with some experience, the services they offer include fast depositing and withdrawal of money which is even more commendable. When you have any queries their support will have it all sorted
Xm has an appreciated price level meaning that everyone can afford their services.
An excellent and useful review of XM. However, I have noticed that the company has multiple entities, all of them mentioned in this article. How do I know which one I should choose? Which one would you recommend for opening an account with a $200 deposit?
The entity you get depends on your region and its jurisdiction… you don’t get to choose anything
Gotta tell you this, XM app is much better than anyone might expect. MT for mobile is something that looks kinda old and boring. Moreover, it’s hard to trade from it.
XM app on the other hand has a better inferface (at least for me), and trades open really fast there. Also, thanks for adding some options for customization, trading from the phone is now also comfortable👌
Also, the section with news and market research right on my phone is nice, I don’t need to cruise around various websites to get the info I need, I can just do it all from the phone.
So far I have not experienced issues with unreasonable widening of spread in the middle of my trading activities with XM broker. My experience with other brokers has been scarred by this. I would like to commend XM for keeping to their words.
I noticed how many traders pay attention to how many licenses any brokerage companies have but to be honest it doesn’t matter for me because the main criteria when it comes to choosing a reliable broker is how long they have been running the business.
So I chose the XM broker because they were launched in 2009 and it has been for over 15 years which means the company is capable of experiencing various economic turmoil and there is no need to worry about the safety of my funds. I mean, if something bad happens then the probability of the XM going bankrupt is probably 0% percent! Longevity!
I think this review does Xm justice as it’s arguably one of the best forex brokers that a trader can find.
And it’s definitely the best value for money for sure.
I have been trading currencies here positionally with zero swaps and I must say that none other broker could provide me with this possibility.
Sometimes the brokers offer positive swaps at best or islamic accounts with limited days of zero swaps
XM has long attracted my attention because it has such a good reputation among traders.
But what influenced my decision to open trading account was that I started using new trading strategy.
So I needed special trading conditions that I saw in XM
I thought it was a great combination. Reliable company that is respected by traders. Favorable trading conditions for application of my trading strategy. And of course, high quality of all tools.
Any trader wants to get high-quality and reliable tools.
I know that XM has licenses and some reputable resources put this broker in the first place in their ratings.
But does XM have any non-obvious evidence of its good reputation?
I always refer to awards, history and reviews when it comes to non-obvious evidence of the broker’s reputation.
Number of awards is countless, seriously, I ain’t even wanna head to the website and count them all, just do it on your own.
Reviews are in bulk positive, I would say ~75-85% are positive, others are neutral and negative.
And history of the broker… It’s very rich, they have been in the business for a long time, you can track it as well and check all the milestones.
I find This broker to be very affordable because all its accounts have minimum deposits of $5 except the shares account and it provides good trading conditions. Even though I’m an experienced trader I don’t trade shares so I’d like to understand what makes that account different in terms of minimum deposits?
U mean why the min. deposit so big for this account or what? If this is what you wanna know, then it’s prolly because of absence of leverage.
Other accounts can be chosen if you deposit at least $5 and leverage cna be up to x1000. In case of Shares account, you deposit a big sum right away and trade without any leverage obviously because your position size is anyway big. I guess this is fair.
Even though I’ve seen a lot, I never faced a broker that would offer such a big array fo ways how to reach out to the support.
Well, I can’t say that I require this, because the XM platform is simple in terms of navigation and I didn’t have troubles registering an account here, verifying it, installing the platform and logging into it.
But, it was just curious to test Viber and I made a request. The responded quickly, not as fast as in the Live chat, but anyway.
BTW, have you tried these exotic ways to contact support, or just used live chat?
Oh yes, I agree
It seems that XM provides really many opportunities to get high-quality customer support.
I also have a positive experience of interacting with support service of this broker and therefore fully agree that you praise their work
Btw, I used Telegrams. But they also have whatsapp and viber
My question to this customer support service was about those assets that are available on platform and about specifics of trading conditions.
And you know, I didn’t expect to get such a detailed answer to my question.
Now I know everything about financial instruments on my platform.
Wow… I like the fact that I am given a carte blanche by the broker, literally. You do what you wanna do, you can be a manual trader, you can follow the leaders by replicating their deals, you can trade with expert advisors and everything is within just a single platform.
Isn’t it a blessing, huh? I suppose so, cause it’s really a big set of functions and features provided by the xm!!
I dare you to tell me a website where you can find almost 20 platforms for trading, besides XM, it’s rarity.
I know it’s a bit of an overkill and these are the versions of same platforms for different devices.
But the fact itself that they put so much work into providing maximum access is wonderful.
Advice:
This broker is suitable not only for pro. Here you find useful analytics and education
Love how easy XM makes it to withdraw, literally no obstuction at all. I had this broker that required me to first submit a statement, prove its my card, jump through the hoops up and down, here… literally didn’t have to do any off that. Only verification which was not optional, I think.
The only thing is, obviously no crypto, but I asked about that the support, and they said they are maybe working on that, so fingers crossed. When I become a CFD millionaire playboy, aint no way im withdrawing on a dinky old smelly credit card from a bank that will bully me about where I got money from.
I noticed how many traders started to talk about the XM broker and of course I was interested in what company this is and why there are so many talks about them.
It turned out that the XM broker offers quite a lot of trading accounts but the ultra low standard account is the best one in my opinion. I was seduced by the trading conditions and these spreads which start from 0,6 pips averagely are really cool. I thought this was just a marketing strategy but after trading on the forex market, I can officially say that spreads indeed are tight as they should be. I have no any complaints about XM!
I have spent about 2 months on the demo account and I think it is time to get a live account. I thought I was going to take tops a month to get a live account but I have been really busy recently. I have used their education to get my skills up, and I am pretty confident on what I have learned.
Got myself a checklist:
+ The company shares all the pros and cons; the broker works with both beginners and experienced traders
+ There are a lot of info for beginners, they invest in education.
+ Commissions and spreads are clearly indicated. Not to mention the 0 swaps accs.
+ No hidden commissions and payments (seen in reviews).
XM checked all these boxes, so I’m here for 2,5 years now.
I am sure that no other broker contributes so much resources into maintenance of the educational section. Usually, brokers don’t care, they just say “we have education” but in fact there are a couple of articles that are likely outdated and this is it.
Here I found some life education videos, tutorials, podcasts, insights and so on. Everything made me understand that I am working with a professional broker who really cares about traders, their skills and knowledge. It helps us to improve skills and increase awareness of the entire sphere. + yeah, it also allows to make good dough!!
the main reason why I opened trading account here is that standard account has narrow spreads of 1 pips (as far as I know it really narrow)
and at the same time commission is $0
Im with XM from other broker, and you people are pretty lucky.
There, it was hell. Firstly, the platform froze several times, and the error was clearly on the server side. I could not move the stops! Orders were closed with S/L eventually, instead of T/P. Secondly, several times the orders were closed with slippage of more than 50 pips.
With XM, the platform works like a clockwork, no issues, its like its supposed to be. Sure, the costs are HIGHER than with many other brokers I saw, the spread is 2 times larger. But I would rather pay extra 1-2 pips, than having slippage of 50 pips on me.
I never used to rate the educational resources of XM, and I thought it was just a plot to attract more traders to their platform… it still might be, but after taking a critical look at what they offer, I have a lot to learn. Even after using the broker for a good amount of time, I saw a couple of things I could try out and implement in my trading. One of the most valuable things I have found trading.
A traders skill is the number one factor to success in the markets, and the broker just gives traders what they need for no charge.
There is so many good things about the broker really. The review simply details all of it, and the broker has also won many awards for being as good as they are. You know, there are hardly any complaints about their support team. that is good.
Lets talk tho… I get all the good things, but brokers are quite similar. Is this broker really worth the hype?
Hmmm, a good question.
I think yes, XM is worth the hype, because you cannot base a hype on nothing. Like some companies which rise fast may fall as fast. XM took a lot of time gaining this hype.
As an example, just look at ETH spreads on ultra low, these type of conditions are not there in the market, they are leaders for a reason.
That’s really cool they provide with a choice of accounts. The only thing that I didn’t pay attention to while making u my mind about the acc – Shares, because I understood that it is an account for specific purposes which I am not interested in.
Ultra low standard, it’s people’s choice as far as I know, so I decided not to be a “black sheep” and stand out from the crowd.
Well enough, swaps on some instruments are absent, on others they don’t exceed standard values, so if you calculate everything correclty, then you can make solid dough on the platform. Just use what they give to you.
Doubted the broker at first, but when it comes to advantages of using xm, there are so many. One is that they offer accounts that do not charge swaps… and they have separate Islamic accounts.
I have been trading for quite some time and this is the first time I have seen a platform that offers a a swap-free trading account, without it being an Islamic account. This means everyone can enjoy and take advantage of it!
And indeed it can be beneficial. If you are a day-trader it might not change a lot, but if you keep positions open for multiple days, like I do, then the costs of trading significantly shrink!
Great job XM!
I immediately opened an account on this platform after seeing this feature!
Ha, if u wanna have a warm conversation in viber, like the one you have with your lover, then you can chat with the customer support of the XM broker.
Seriously, it’s the very first broker that you can get in touch via Viber, Whatsapp and some other methods. Afaik u can also call them and resolve the questions. But it’s better to use this method only if you have SERIOUS trouble. Don’t disturb them over nothing.
Anyway, they are amiable guys who can help you with different questions. I asked them about conditions for trading indexes and turbo stocks. Answer was immediate and detailed, kudos!
Yeah I think it’s kinda straneg that Xm eu clients have access to only CFD stocks, whereas global clients can invest in shares on full.
Because eu clients are more willing to invest rather than just trade and speculate. So I don’t really understand this decision.
Apart from that Xm is one of the biggest and the most reliable brokerages in the market right now. Nothing else to add
Last week, thanks to the NFP release, I struck gold—literally!
The sweet profit I made on gold has me feeling like Midas in a bull market! 😀
I am pretty new to trading and follow a bunch of telegram groups that provide trading signals, and almost all of them were shorting the gold. While the XM analytics they were saying to go bullish.
Glad I listened to XM experts.
I really like all the options presented by XM, shows that they care about the comfort of the traders. Personally, I am on MT for a long time, never changed my platform and it is possibly the best, well at least for me. But for a long time I am missing the the feature that records all my trades inside MT and then I can analyze it. Right now I have to manually record all the trades I do, and it takes a lot of time, I am sure experienced guys will understand me.
Spreads here are damn good, and there is a chance to trade without swaps at all. I alternate day trading with a swing one and don’t bear serious losses in terms of costs, you know.
like, if you trade on the ultra low standard acc and prefer major pairs like AUD/USD, for instance, then spreads are typically float around 1.7-3 pips in general.
and again – no swaps for leaving positions overnight.
Throughout the whole journey with the xm broker I didn’t have any serious troubles. If there were certain issues, then they were quickly resolved due to the help of the customer support who I was frequently talking to.
Speaking about trading process, then everything is as smooth as butter.
I like the variety of assets, I adore the diversity of trading platforms, I even downloaded MT on my phone to trade on the go. Yeah… I had to get used to the mobile interface and its kit of instruments, but this isn’t very difficult!
Btw, have you guys tried mobile trading with xm? What are ur thoughts?
Mobile trading with which app? Vague question, but the MTs are all good trading platforms.
I have been trading here for a while and should say that their idea of implementing turbo stocks for trading is successful. It’s my favorite asset type, I prefer trading BP turbo and facebook turbo, everything is because I follow Zuckerberg on twitter and track everythign he writes and I keep an eye on the energetic sector. Leverage is rather big, up to x200 which is more acceptable for me.
I have been trading for three years so far, and have solid experience with numerous brokerage companies. I want to share one thing that I have noticed, that changes how we approach, assess and choose a broker as more experienced as traders we get.
At the beginning of our trading journey, most of the time when I chose a broker we spent in assessing the trading conditions. Sometimes even a broker with a good bonus promotion can seal the deal for a beginner trader. This is due to the fact that initially we trade with a small account size.
As we get more experience and our account size grows, then our focus shifts more toward choosing a reliable, reputable, regulated and trustworthy broker.
Long story short, XM excelled in both aspects. They have a great reputation and attractive terms too.
XM are really wizards at everything, I can’t say anything more.
Of course, it’s a very reliable company and it’s a pleasure for me to trade and understand that if I have troubles I can easily contact client supprot team and they resolve all my issues. The same is true about fears of not having my money withdrawn or smth like this, I mean… I ain’t have them, cuz broker does its best to make trading smooth and convenient.
I wanna note about their copy trading feature which isn’t always described in reviews for no reason. There is a pretty extensive list of leaders who traders can follow and bear fruits. The main is to just thoroughly analyze the leader whose strategy one consider lucrative. It takes time, but no pain – no gain. I always stock to this rule and it helps me.
XM’s support speaks so many languages. This is impressive and shows their commitment to providing excellent support.
Keep up the good job XM!
Overall it is a good and objective review. However, I have only one thing to mention regarding the spread you shared on the EUR/USD of 1.6 pips. I often trade this pair knowing that it is highly volatile and the spreads can vary depending on the time and sessions, but most of the time I trade it the spread is always below 1 pip.
On which account the spread is 1.6 pips?
Me too! I have never experienced such wide spread on EUR/USD, even outside of the European and US sessions.
Most of the time, it is below 1 pip, which is standard for this currency pair.
I don’t think the spread on EUR/USD on any of the XM accounts goes up to 1.6 pips, but for the purpose of this review, I am trading on the Standard Account.
Yeah, European traders are seemingly restricted in the chocie of assets, but these are questions not to the broker but to the regulator, cuz CySEC imposes such limitations, you know.
As for other statements and the overall rating, then XM pretty much deserves what it gets. Reliable trading platform and it’s pleasure to work with them, what are your thoughts on the rating from this site?
I wish they’d have a real number in the review xd Instead of writing who its good for (which is basically every type of trader, and I mostly agree).
This is probably an underrated broker right now overall. Its so cool to trade here because of UI, and the fees are better than most, I think most people will see this in time.
It seems to me that many novice traders underestimate advantages of Standard account type.
Most likely, beginners consider themselves special and strive to get account with the most complex and long name.
Standard XM account has many advantages.
For example, I had a large selection of base currency. And I chose the one that as in my bank account.
I don’t believe that the Gold price will grow endlessly, it is unreal, guys! In my opinion soon or later a bull run will be over in this market. Wish me luck to trade short positions.
What I like most about the XM broker and my experience with it is that everything goes well, without troubles.
If I have questions (yeah, I may have since I am not a seasoned trader), I get in touch with their agents and they clarify all the moments.
I work with shares and currency pairs, spreads are tight, leverage is big enough, withdrawals are made quickly without delays. So… thanks-)
It’s so good to be trading with a company that can be very well trusted. This broker is well regulated and has a tight and good security that helps to protect its clients’ funds and also their personal information. The support team has also been very great and I really appreciate them.
Trading without swap fees is beneficial, and this is one of the main reasons why I decided to trade with the Ultra Low account.
I am sure that most of the traders here have experienced situations when you have done your analyses correctly, but the price hesitates to move in your predicted direction and then moves immediately after you exit the position.
Been there, done that. It’s frustrating.
It is a whole other experience when you just can sit back and relax and give your trades enough time to work for you 😀
Stable and reliable. Those are the two things I associate with this broker the most. There is a bit of innovation and also a bit of affordability.
Considering all of the things that the broker offers, I honestly expected the fees and minimum limits to be outrageous, or at least, the first three letters. But on the contrary, the minimum deposit for the most affordable account is actually affordable and is accessible to literally anyone. Spreads and all other fees are absolutely very low.
I started trading recently and I would like to share my review about my first broker and I have a favor to ask you guys, take it easy because it is a view from a rookie trader. I thought I would struggle during account registration but it turned out that everything was easier than I thought.
The verification of the account was quite fast and I didn’t have any problems with documents. They offer a lot of accounts to choose from and I chose a micro account because I think I’m not ready to trade with large capital and trading currency pairs in cents would be a great practice for me.
If you ask me how I ended up here, it’s just a silly set of circumstances that led me here. And, more importantly, I am glad that I am working with this broker.
I daytrade here, I daily work on the strategy’s improvement, cuz trading landscape always changes and sometimes it’s very difficult to keep up with these rapid shifts. So, my strategy which implies analysis of price impulses on some major currency pairs like EUR/USD, EUR/JPY and GBP/USD alongside with volumes monitoring and checking what moving averages draw for me. Yeah, I also keep on an eye on news and various insights which help me to find best entry points.
This strategy helps me to get most out of trading and I am thankful to the broker for provided infrastructure.
It’s interesting to trade from the XM app. It allows me to be in the market even when I’m far from my laptop which is very often.
i know that i can use the mt apps but i wanted to try something new. plus metatraders don’t have the functionality of account management. Although it would be logical to implement tbh
1000+ trading instruments… I am sure I am not the only one that is impressed by that number. Most brokers struggle to provide over 500 instruments, but this one… it is really magnificent. There are about 9 market classes, so it is usually fun deciding what to trade.
The broker has much to offer, and I am speaking from a professional point of view. Finding a broker that is as reliable, versatile, and even as socially involved as XM… I do not thing you can find another honestly.
All the tools a pro needs are available.
I am quite happy that I have joined.
Basically, I didn’t question the broker’s reliability cuz the brand name is kinda loud in trading circles.
I had questions to what account to choose ro which payment method would be the most optimal, so I picked credit card and made a top-up.
Surprisingly, funds were credited within several minutes and the broker didn’t charge any commissions.
It’s so user-friendly, in my opinion, plus the company ensures full-fledged protection of all transactions, keep clients’ funds in segregated accounts and it’s also notable. One can trade with a complete peace of mind.
The same is true about withdrawals… uhm, I haven’t withdrawn funds yet, but I know that I will use the same method that I used for replenishing the acc. These are the rules, but ok.
For me, I pretty much enjoy the copy trading of the broker. I try to use the educational resources to learn but I couldn’t just carve out the time. So, I saw the copy trading possibility as a sign, and its been alright. I will keep trying to learn tho… It can only benefit me.
Quality and reliability are unarguable things about the XM.
One may argue about trading conditions, maybe pricing model employed here, but I find a very small number of reviews where guys say that spreads from 0.6 pips are too wide. Lmao, these are the tightest spreads I traded with…
Still, many men – much opinion.
I like that I can use any trading strategy here and earn benefits.
It was incredibly easy to set up an account and even easier to make a deposit. It was my first time opening a real account, and I was a bit afraid of the procedure, but it happened to be easy, like paying at an online store.
All you need to do is follow the instructions and choose your payment methods. I used a bank card, and the funds showed instantly on my trading account.
Having a broker that has multiple market instruments is a very good trait, I mean you don’t want to be limited to the number of assets you are able to trade and earn with… this platform has given me a good ground to maximize my profits.
Customer support is a very important aspect when evaluating the reliability of a broker. Only reliable brokers provide excellent customer support and through this aspect, you can differentiate them.
XM excels in this regard!
Its support team was always quick to respond to my questions. They have integrated the best support tool – chat, and the team behind is proffy and knowledgeable.
I’ve heard a lot about XM cuz I am a big fan reading different brokers on the various financial resources and I needed to find a suitable broker for me and I chose XM broker. They offer four types of trading account with beneficial conditions and it is quite impressive that each of them have a minimum threshold deposit of 5$ except the last one Shares Account.
So I decided to choose a micro account cuz as I said before I am still a rookie and it’s a good chance to trade on a real market with small volumes and after a while I will switch to another account. What account did you like most, guys?
I went for Ultra Low Standard account because spreads are the tightest and start from 0.6 pips which is perfect for my scalping strategy, at the same time there are no hidden fees, leverage can be as big as x1000 and hedging is allowed. You know it’s tough to imagine scalping without hedging, as it;s one of the most widespread ways to mitigate risks…
So, yeah, I believe this is the most appealing account, but micro one also looks pretty attractive.
Even though European traders are a bit restricted in the choice of assets, it doesn’t make much sense to me.
As for a rookie it was important for me to have forex pairs and I usually trade majors like EUR/USD and others with favorable trading terms. Spreads don’t exceed normal values and I know that it’s important to have them tight. I got this knowledge in the broker’s edu section 🙂
Wow, the broker launched in 2009…ok, it has been already…oh, 15 years! A remarkable indicator for a broker!
Wow. I see that broker is regulated by a number of reputable bodies. When I see and read the word CySEC , I understad that this boker is a real deal. Some brokes hardly get one regulation, but XM has several.
Moving on, I am reading that the broker has clients in 196 countries? seriosuly? It is practically the whole world! I gotta verify this number, but you know, I kinda believe it…
That leverage of up to 1:1000 is really huge, customers are lucky there:)
shall check website now
This is a highly reliable broker with strong regulation. They are regulated by major and authoritative jurisdictions CySec, FSCA, FSC, DFSA and the last one means the Dubai Financial Services Authority and there are not many brokers that have a license from Dubai.
It indicates that the broker is a world class brokerage firm. So I do not need to worry about my funds and I can trust them fully.
I decided to sign up with XM for a few reasons.
I don’t have much trading experience; in fact, I am still learning a lot about the basics and how the market works. But one of the first lessons I learned was how to choose a broker. Probably everybody knows this: it must be a regulated and well-established brokerage company.
XM excels in this regard.
When it comes to mobile trading apps, XM’s one is a solid option. I use an android version, and it works really well. I do not get major glitches or bugs.
This platform has great account customization options. Also, I like how SL and TP widgets are integrated, when I set SL point I can clearly see what is the esimated loss might be. This feature allows me to calculate risks ahead of the trade.
Interesting review of the broker. I read it and it gives impression that there are more pluses than minuses.
I am an still not experienced, but I have already decided to go with XM. It has many positive sides as described in the article.
I really like its learning center, for me it is very helpful, especially videos on FX.
Glad the customer support was quick to reply back to my questions.
Things have not worked out as expected using XM and it’s obvious i’m not the only one in this situation. I think they need to communicate better with their users concerning payouts, up until last week I reached out to silvana_tenreyro (at) dot com and they’ve helped accordingly as XM has been edgy with payouts.
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
سلام عيكم
They are professional scammers
i wish i knew these guys have taken all my money 10000$ i wish they refunded my initial deposits
I made 3 transactions on Aug. 8, 2022, two of them were successfully refunded on my binance account. When I did the first 2 transactions, I received 2 refund links on my email due to underpaid reasons before proceeding to my 3rd transaction. I remembered when I did my third transaction, I make sure that I’m now putting the exact amount of $61.64602 and then the link asked me to put my wallet address where they can refund my money if the transaction will not get successful and the wallet address I put in was my binance wallet address. Right after that I’m confident that I did it successfully since I don’t have refund email received. I checked it from time to time to my xm account and it did not reflect. So that time I’m thinking that maybe there was a delay or something, but the day goes on and it did not show up on my xm account. I also did communicate this to coinify which is the payment provided who processed my deposit. They asked me if I’m familiar with the wallet address xm provided me and per confirmation with XM they don’t recognize it and me either. As per coinify response there is a possibility that I got scammed. As of this moment no resolution has been provided by xm. XM crypto deposit is not secured guys. Beware about this, hacker can hack their payment channel. My money was lost and no one is responsible to refund it.
Stay a way! They know ways how to steal money from you. I opened sell stop order with a very tight stop loss, and my order was executed 325points below my order!
THEY ARE A SCAM HAHAHAHHA PLEASE BE AWARE THAT THIS COMPANY IS A SSCAM DO NOT OPEN ANA ACCOUNT IWTH THEM!
The XM is a scammer make the trading price is not at a market price in stock.I sell the US30 price is 31559 the market Price up to 31660only but the XM app the price is up to 31880 and 1 time I sell btc price is 29350 the market price is up to 30350 but the Xm app price is up to 33500 make buyer money gone
Xm is a scammer trader .me sell the US30 price at 31500 the XM make the price up to 31880 make my money gone the market price us30 is 31660 only
hello, could you able to get yourmoney back?
is this a scam or what
XM is thief. They do not even send your initial deposit back. They deleted my account and didin’t send my deposited amount. They steal and they fraud. Do not trade with XM and don’t trust them. They can delete your account anytime and send you a mail that saying your accounts been disabled due to suspicious trading. ( what that supposed to mean? If you are STP you can not take peoples initial deposit with such lying argument ) Been trading for 10 years never seen a broker like this before. Big and fraud company.
XM don’t send the legal documents for fiscal report, so you risk to make FRAUD.
XM are using your personal details an you’ll be abused by other traders day by day.
XM is giving the exactly opposite advice in most important situation, so b careful if you are a beginner!!!
XM using platform data to sell it to partners big movers of the market! Stay away, never with capital high!!!!
XM is SCAM!!!! Do not trust this fraud company. I have 3200 usd on my account they only paid 300 usd back to me. That is even lower than my initial deposit. If you want your money back, I suggest not to sent any money to this SCAM company.
Yup, I have bad experience with this broker. Thank God that I did not deposit so much. Please don’t try this broker or else your life will be ruined.
XM STOLE MY DEPOSİT. I have deposited a week ago. One day I couldn’t open my account and I couldn’t login to client portal.
They ERASED my account. YES THEY ERASED IT.
Now when I asked to client manager they told me it is a normal situation.
I want a solution. If someone read this from XM’s team. Please reach me !
XM is SCAM & FRAUD broker they didn’t pay my deposit of around 2500 usd that I’ve deposited a week ago.
I made profit of 350 usd.
I said it is okay not to pay my profit but I want my initial deposit back which is around 2500 usd.
They didn’t pay it.
They stole it!!!
Client manager acts like this is standard procedure but this is unacceptable, my Metatrader accounts and client portal access deleted.
Really sad to see that this company is even after for 2500 usd.
What a shame!
Don’t trade with XM they won’t let you take your money back!
Must say I will complain to:
International Financial Services Commission (IFSC)
And:
Australian Securities and Investments Commission (ASIC)
I have strong proof they send 60$ instead 160, and 40$ instead 500$.
Scam company support try to all problems solve to repeat some unpropriet requests, over end over again. Send this, send that they try to exosted you to stop fighting. But they owe me 560$ I don’t give up my money
Stay away, I’m make withdrawal request 500$, and get only 40$. 1 more time deposit 100, earn 500, make withdrawal and get only 60!?!
Fraud company I send bunch of documents, bank statements to prove my issues yet they claim that send money but they didn’t.
Stay away,!
I am living in Indonesia,is true there is XM Indonesia?
Which one i can following XM or XM Indonesia?
I’m a Filipino living in Switzerland. Thanks for the heads up! I almost want to open an account with XM. Glad that I did some research and review about the company. I hope that your problem will be solved. Thanks for sharing.
It’s nice to have an option of choosing the leverage as I implement several trading approaches. Trading conditions and the choice of instruments are fine. The support is responsive and quick.
The only concern is to stick to the MetaTrader’s platforms. It would be great to have an alternative terminal using modern technology. For instance, cTrader looks impressive in terms of having everything well placed and informative. Several functions for easy manual trading are more effective there, in my opinion.
Wanna to ask… How many type of package for the investment plan do u have? Withdraw time any special requirement fee needed for upgrading package or else?
I’m a Canadian citizen and I live in Toronto. Is it possible for me to open a forex account in your company, and if so under which jurisdiction? Does that entity have a license (and its license number)?
Am I able to open multiple trades on currency?
Example:
2021.03.12 06:10:00 898487925 EURJPY sell 0.2 130.096
2021.03.12 06:54:51 898518561 EURJPY sell 0.2 130.076
2021.03.12 06:55:08 898518779 EURJPY sell 0.2 130.082
2021.03.12 08:53:02 898647305 EURJPY buy 0.2 130.063
2021.03.12 09:11:36 898668649 EURJPY sell 0.2 130.119
So far i just started to open an account here in XM im a filipino small time trader though but after gaining profit i tried to withdraw fortunately nothing bad news came up it all goes smoothly though i will just wait for 24hrs for me to recieve my profit
dd u receive you funds dear
Do you agree through E-wallet(M-Pesa Kenya)
It seems they allowing only one device that cause automatically close account the device to be close (that is PC). Unless there is a bug in the program of meta trader 4 or 5 once you open the other device meaning only one device is allowed. The reason is for security reason if the password was changed caused to lock or closed the other account. The solution raise a ticket the account from PC and mobile phone is the same account you need only to prove some document is the same person that using the same account and that is time consuming for verification and you need to be patient to use both device. BTW they monitoring also your location that IP address and current location to complete the verification process avoid using VPN during verification process.
Iam a filipino and a resident here in italy, can i avail of more than 1:30 leverage and a bonus of 30 usd?
do you accept clients from nigeria
Do you accept new clients from Canada?
my experience with XM has been great so far.
I’ve been trading with them for just over a month and I tested the withdrawl process early on. I had no issues with my withdrawl, it was in my bank account in either 2 or 3 days.
I love that they offer micro accounts for small traders and their email. I had a problem with one of my bonuses and support got back to me the same day and kept me right.
Thank you XM, I am grateful for your straightforward trading platform! I’d love to see some more indicies being added in the future though 🙂
Hi,
Do you take clients from Kenya?
Thanks
my first account on xm global is for pc and mac and my plan for that account is for long term trading for a shortestime is one year so i made another account for my mobile phone. that im using right now. i monitor my first account thrue my daily report. but last week when i try to open my first account using my pc i was surprice that i cant access it any more.so i try to contact there costumer support here in the philippines it say to me that i close that account WHY do i have to close my first account that i know that i have deposit to that account for me to trade. and there staff came back to me and say if i accidentaly close that account theres is no problem because my fund and my profit that i gain is still on that account they only just need to investigate to fix the problem and reopen that account. so i wait a while but when she came back to me the good conversation suddenly change they accusing that i close that account.could anyone here in comment section would you close your own account if you deposit your savings just trade. and i know what the reason because when the time they investigate my first account they saw a gain a big profit and i mean big thats why they accusing me on closing my own account what they want is to get my profit for there own good no i will not allow that i will fight for that account because that is mine they dont want to reopen it because they so the big profit that i gain for almost 1 1/2 months of trading on that account. your filipino support in the here in my own country i think XM GLOBAL need to investigate in your filipino support because many on there comment section has a problem just the same im experience right now i will not give this up xm global family fix this if not i will make the right way to get what i deserve to get by the way for the first time i trade in XM i screen shot all my deposit and i dont use your demo account
I was so close to open an account with them, Thanks for the heads up and I hope they will give your money back to you.
Jigi, were you able to get your funds from XM?
Hi! thanks a lot for your heads up. this truly doesn’t sound good but your experience is a great help.
Thanks for This information. I also want to open a trading account with XM. After saw your review I Changed my mind.
Are you an ECN broker or Market maker?
Interested in trading. I have a set goal of investing seeking success
Is trading available in ZAR currency
Is it possible to trade with XM from Zimbabwe? Please assist
Yes it’s possible
SCAM COMPANY
Hy, is it XM available in Pakistan?
Am from Uganda, can I trade with you?
Is XM available in Somalia?
Do you allow USA customers? What is the leverage of Forex for USA customers?
Hello can I trade from Nigeria?
Its a scam … They came up with wild accusations when i try to widthdraw from my bonus acc… I would stay away from this type of trading company
Stop saying nonsense please,XM clearly stated that you can not withdraw bonuses given to you. You can only withdraw your profits from your account balance.
Yeah that true but do you know profit also you cannot claim how????…bad broker …hahahaha
Yeah same with me…bonus profit cannot claim
Can I trade crash and boom on xm
Dear Blessed,
We are currently not offering this market. You can see the available Indices in the following link https://www.xm.com/equity-indices
Is dragonpay legitimate to transfer my funds? I would like to verify if I can transfer my requested withdrawal of money direct to my savings account? BDO
Dear Mason,
We are currently not collaborating with dragonpay. You can see the available deposit/withdrawal methods on our site (e-wallets, credit/debit cards, online Banks, Traditional Banks)
Xm legal in india?
Dear Amitkumar,
We do accept clients from India
Comment Area
Is it allowed for individual trade or for corporate Clint’s only? Interested to know.
Dear Florence,
We are not offering corporate trading accounts.
Dear sir
How can I get xm master card
Thanks
I made a withdrawal request on April 19, since then they said it would be processed for 2-5 working days, it’s more than 2-5 working days and I haven’t yet seen anything,Then, yesterday I Sent an email to XM support or whatever, and I haven’t gotten a response till now as I type…
XM, I’m not impressed, your services are poor!
Hi
Are you still not getting withdrawals?