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XM Trading Broker Review 2025

  • Leverage: 1:30 to 1:1000

  • Regulation: CySEC, ASIC, FSC, DFSA

  • Min. Deposit: US$5

  • HQ: Cyprus

  • Platforms: MT4, MT5, XM WebTrader

  • Found in: 2009

XM Licenses

  • Trading Point of Financial Instruments Ltd -  authorized by CySEC (Cyprus) registration no 120/10
  • Trading Point of Financial Instruments Pty Ltd - authorized by ASIC (Australia) registration no 443670
  • Trading Point MENA Limited - authorized by Dubai Financial Services Authority (DFSA) reference No. F003484
  • XM Global Limited - authorized by FSC (Belize) registration no. FSC000261/397

  1. What is XM?
  2. 55brokers Professional Insights
  3. Regulation and Security Measures
  4. Account Types and Benefits
  5. Cost Structure and Fees
  6. Trading Platforms and Tools
  7. Trading Instruments
  8. Deposit and Withdrawal Options
  9. Customer Support and Responsiveness
  10. Research and Education
  11. Portfolio and Investment Opportunities
  12. Account opening
  13. Additional Tools and Features
  14. XM Compared to Other Brokers
  15. Full Review of XM
Overall Rating 4.6 / 5
Regulation and Security Measures4.5 / 5
Account Types and Benefits4.6 / 5
Cost Structure and Fees4.2 / 5
Trading Platforms and Tools4.4 / 5
Trading Instruments4.6 / 5
Deposit and Withdrawal Options4.8 / 5
Customer Support and Responsiveness4.7 / 5
Research and Education4.8 / 5
Portfolio and Investment Opportunities4 / 5
Account opening4.9 / 5
Additional Tools and Features4.7 / 5

What is XM?

XM is a large Forex Broker that started its activity in 2009 and so far operates clients from over 196 countries with a support staff speaking in 30 languages and is among the most trusted Regulated Brokers with good trading conditions and offering overall.

The main branch is located in Cyprus regulated by CySEC, yet offices truly cover global needs and serve through Australia, UK, Belize, Greece also authorized in Dubai and MENA region.

Is XM good broker?

There are about 1.5 Million Traders and investors at XM that select broker proposals and services, there are many advanced trading solutions, yet suitable for beginning traders. So yes, we can conclude XM is a good broker with good trading conditions and reputation since XM aims to provide one of the best user experiences in the industry to its clients.

Generally, all procedures from account opening, managing, depositing/ withdrawing, and trading are straightforward, simple and transparent, which we will see in detail further within XM broker review.

XM Website ReviewXM Pros and Cons

XM is a broker with a great reputation and numerous regulations and a very wide range of trading instruments which we mark as its main benefits. Besides, the offering is user-friendly and XM has one of the lowest deposit requirements among the industry, XM the account can be opened regardless of a net of capital with only 5$. CFD costs we found average and platforms are very friendly to all types of traders. XM supports with one of the best education including webinars and research materials, allowing to engage and start trading carer for complete beginners in trading.

On the other hand, as we noticed XM has a limited portfolio for EU clients, and outside EU clients there is no good investor protection.

Advantages Disadvantages
Multiply regulated broker with a strong establishment Europe clients may trade only CFDs, Forex and Crypto products
Wide range of trading opportunities
Global expands including ASIA, MENA, Africa regions
Excellent Education and Research
Low minimum Deposit
Competitive trading conditions

XM 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
🏢 RegulationCySEC, ASIC, FSC, DFSA
🗺️ Account TypesMicro Account, Standard Account, XM Ultra-Low Account plus Shares Account
🖥 Trading PlatformsMT4, MT5, XM WebTrader
📉 Trading Instruments1,000+ products Stocks, CFDs, Forex, Commodities, Portfolios, Metals, Cryptocurrencies (not available to all Entities of the Group)
💳 Minimum deposit5$
💰 Average EUR/USD Spread1.6 pips on Standard Account
🎮 Demo AccountAvailable
💰 Account Base currencies10 Base Currencies
📚 Trading EducationProfessional Education with webinars and Seminars
☎ Customer Support24/7

Who is XM For?

With our analysis and Financial Expert Opinion XM is good Broker for various traders, either beginners or professionals, also due to multiple entities available for the International Trading community. Here we mark what XM is Good for:

  • Beginning Traders
  • Traders who prefer MT4 and MT5 platform
  • Currency Trading and CFD Trading
  • Trading Investors
  • Suitable for a Variety of Trading Strategies
  • Long term Trading
  • Professional Trading
  • Forex Education
  • Trading with Low Deposit Requirement

XM Summary

In conclusion XM Review is a well-regulated broker with numerous highly respected licenses that delivers truly transparent conditions and is an extremely customer-friendly broker. No re-requotes and no hidden fees or commissions policy, as well Negative balance protection definitely a plus. So all in all, we had very comfortable as well the good real-time market execution, making XM very welcomed among trading offerings and suitable for various type of traders, including beginners and small accounts.

So overall we conclude XM has one of the most Comfortable proposals in terms of costs, trading conditions and opportunities overall before broker had much lower trading instruments in its range, but now it is one of the strongest points due to the wide range offered.

55brokers Professional Insights

XM is indeed good Broker for beginning traders, also Traders with experience who prefer MT4 or 5 platforms and run various strategies looking for stable Broker. The conditions are rather average with quality product offering, software and tools, also choice of accounts is valuable if you prefer separate account for Micro trading or separately if you like speculation on Shares but not buying asset itself XM might be good choice. Since there is specifically designed account for Shares trading with tailored solution, yet the deposit needed is rather very high also at other Broker bigger range of Shares might be available. 

The instrument selection is favorable too for those prefer good diversification, not thousands like coompetitors but still good. Fees across all offered asset classes we find similar to other brokers who mainstay on average Fee conditions. What is truly remarkable is great education section and we value professional tools XM offer, so for great selection of quality tools and excellent reputation with quality of service we admit XM a suitable choice for most traders who look for quality. Potential negatives, meanwhile, include inactivity fees, a small product range, and unavailability for American traders. 

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

Regulation and Security Measures

Score – 4.5/5

XM Regulatory Overview

XM Group servs as a group of entities operating under the trading name XM, Trading Point of Financial Instruments Ltd established in 2009 is regulated by the Cyprus Securities and Exchange Commission (CySEC). Another entity Trading Point of Financial Instruments was established in 2015 in Australia and is regulated by the Australian Securities and Investments Commission (ASIC). Read more, why trade with Australian Brokers by the link  so the regulatory obligations are covered at a sustainable level as we see through our XM trading Review.

However, the point to consider is that – global operation enabled by XM Global Limited established in 2017 is regulated by the Financial Services Commission, allowing to offer its services across the globe. Despite the fact that IFSC is an offshore license, that does not actually implement strict overseeing of the trading processes, yet additional heavy regulation of the XM makes it an acceptable choice.

How Safe is Trading with XM?

The main idea of the regulation is that the trader can trade securely, knowing that clients’ funds collaborate according to the strictest rules with minimized risks of fraud or unfair use. XM Broker operates its trading environment according to the regulatory measures making it a reliable and safe broker.

Client funds are kept in investment grade banks and use segregated accounts, falling under the Investor Compensation Fund that ensures recovery of funds up to €20,000 in case the broker goes insolvent (note that the coverage scheme depends on the particular entity). Besides, one of the advantages you will get as a trader is Negative Balance Protection, so there is no risk of losing more than the available balance.

Consistency and Clarity

Although XM has a strong reputation for regulatory control under agencies such as ASIC and CySEC, prospective customers should still be wary of fraud and confirm the broker’s legitimacy prior to trading. For many traders, XM is a trustworthy option since it shows overall financial stability and openness, also is stable along the years Broker operation, we haven’t find breaches of law or heavy penalties. Besides, XM is one of the Brokers that operates more than a decade and is quite well-established and known for transparency brand in trading environment.  

Customer reviews show positive feedback of XM’s operation overall also quick withdrawal procedures and attentive customer care; many users especially value the simplicity of deposits and withdrawals. The proposal is clear, there are no hidden fees or uncertain conditions offered which is another plus showing Broker is good for long-term trading.

XM License Review

Account Types and Benefits

Score – 4.5/5

Which Account Types Are Available with XM?

XM offers various account types including 3 Main Options Micro Account, Standard Account, XM Ultra-Low Account and additional Shares Account designed for Shares trading particularly. You may choose a preferred trading strategy like pattern trading or other, also trading preference and adjust account selecting based on that, since deposit requirement is same for all 3 main accounts so choice is solely on trader preference.

  • Either with smaller size via Micro Lots that Micro Account is great for, or to trade regular size at Standard account based on spread only basis while both offers spreads from 1.6 pips. 
  • Ultra Low Account provides with lower fees also based on spreads from 0.6 pips, yet in this account mainly used for intraday trading, since no swaps or rollover available. So like for swing trading strategy Standard or Micro account is suitable
  • Lastly, Shares Account is specifically for Shares trading where fees are based on the underlying exchange fees either spread or commission, yet XM Shares trading are provided on CFDs, so still trading not investing in real shares. Also, the minimum deposit is quite high requiring 10,000USD. 

See our snapshot of XM Account offering below, yet note the availability of the account types depends on each entity of XM so good to verify conditions applicable to you fully.

XM Accounts Review

Regions Where XM is Restricted

XM does not provide services to residents of several countries due to regulatory restrictions. Specifically, the broker is restricted in the following regions: 

  • United States of America, 
  • Canada, 
  • Israel, 
  • he Islamic Republic of Iran.

XM Restricted Regions Review

Cost Structure and Fees

Score – 4.2/5

XM Brokerage Fees

XM operates with variable spreads, just like the interbank forex market and imposes no restrictions on trading during news releases. XM fixed spreads are higher than a variable ones, as well are more flexible to different trading strategies. That means all trading costs are calculated into a spread with no hidden fees and tight spread offering.

Also, while selecting the broker it is advisable to check not only the spread but also consider non-trading fees, withdrawal fee or other charges which applicable so that you will see the full picture, compare some fees below based on our finds. Here’s a brief overview of the key fees:

  • XM Spreads

Spreads at XM are based on the account settings, you may find spread as low as 0.6 pips on its Ultra Low account suitable for intraday trading. On the accounts like Micro and Standard spreads are higher starting from 1.6 pips with EUR/USD average spread 1.7 pip. Trade instruments and the market situation will affect spreads too, while overall rate is higher than industry average of 1.2 pips.

  • XM Commissions

XM does not charge commissions on main account types, however for Shares account fees might apply commission since Shares trading connected through Exchange so underlying assert fee conditions will be applicable.

  • XM Rollover / Swap Fees

XM overnight fee or the fee that a trader pays in case the position is opened longer than a day and is agreed through a swap contract that comes as a cost. Every currency has a different interest rate which comes as a calculation. As an example assume that the interest rates in Japan and the US are 0.25% p.a. and 2.5% p.a. respectively, with an open position, you can either gain USD 6.16 per day or lose USD 6.16 per day, as the rollover calculated as an interest to borrowed currency or earned on the purchased currency. XM uses a 3-day rollover on Wednesdays for positions kept over the weekend to adjust for weekends. Also, Ultra Low Account does not provide swaps or rollover. 

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/ PairXM SpreadFXTM SpreadAvaTrade Spread
EUR USD Spread1.6 pips1.5pips0.9 pips
Crude Oil WTI Spread3 cents9 cents3 cents
Gold Spread 0.27 pips36$0.27
BTC USD Spread952700.10%

XM Additional Fees

XM levies many non-trading fees, of which traders should be advised. First, following one year of no account activity, there is an inactivity cost of $15; if the account continues inactive, a monthly charge of $5 follows. This charge helps pay administrative expenses and motivates aggressive trading. 

Furthermore, clients may pay costs from payment processors for transactions even when XM does not impose withdrawal fees. For trades involving instruments denominated in a different currency than the base currency of the account, there also are currency conversion fees. XM keeps a clear charge schedule overall, but traders should take these extra expenses into account while running their accounts.

Trading Platforms and Tools

Score – 4.5/5

In terms of trading software, XM clients access to make transactions and trades throughout well-known and perfectly-developed trading platforms MetaTrader4 and MetaTrader5 and its own XM WebTrader Platform too.

Trading Platform Comparison to Other Brokers:
PlatformsXM PlatformsFXTM PlatformsAvaTrade Platforms
MT4YesYesYes
MT5YesYesNo
Own PlatformYesYesYes
Mobile AppsYesYesYes

XM Web Platform

Directly accessible from the XM Member account the platform is based on Web, so integrated with a site of technical analysis, indicators and tools, stop or trailing orders. So you may access XM trading just by the use of the browser and login to XM Web Trading, valuable for traders who prefer simlicity and clear layouts.

Main Insights from Testing

The XM web platform combines strong trading features together with a simple UI. Expert Advisors (EAs) supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), arming traders with superior charting tools, technical indicators, and automated trading powers. Beneficial in rapidly moving markets, the platform features a one-click trading capability that lets trades be quickly executed. XM’s web platform offers traders looking for a consistent trading experience an attractive option since it combines utility and simplicity of use accessible from any device and does not require installation or laptop hevy resources.

XM Desktop MetaTrader 4 Platform

With its array of features that improve the trading experience, the XM Desktop MetaTrader 4 (MT4) platform is a valuable software for traders looking for comprehensive features. To enable versatile trading strategies, the platform supports market, limit, and stop orders as well as other order types. With over 50 technical indicators and many chart layouts, users can personalize their workplace to support in-depth market research.By means of Expert Advisors (EAs), MT4 also offers automated trading, therefore enabling traders to apply strategies free from regular monitoring. The platform provides fast execution speeds and dependability we marked highly on our trading test, assuring trades are carried out immediately. XM is a common choice in the forex market since its MT4 offers a complete trading environment fit for new and expert traders.

XM Desktop MetaTrader 5 Platform

With its sophisticated characteristics, the XM Desktop MetaTrader 5 (MT5) platform a newer version is also a choice for XM traders with all available accounts and trading instruments XM offers for full trading experience. With over 80 built-in technical indicators and 21 periods, MT5 gives great charting capacity for in-depth market research, besides XM enhanced platform with some extra tools for research and deeper analysis. Expert Advisors (EAs) are supported too, with difference VPS is already inbuilt in platform so EAs may run around the clock, so offer automatic trading alternatives so customers may apply techniques without continual observation.

MT5 overall provides effective trading even with huge volatility since fast order execution times average less than one second. For both new and experienced traders trying to maximize their trading techniques, XM’s MT5 platform combines usefulness and user-friendliness.

XM MobileTrader App

Of course, you are able to use your mobile for trading as well, XM MT4 Android and iOS third-party apps, along with XM MT5 apps will give you access to a trading account with full account functionality. MT4 and MT5 apps also offer great charting with 3 Chart Types, over 30 technical indicators in their package, and a full trading history journal. 

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.

XM Mobile Platform Review

Trading Instruments

Score – 4.6/5

What Can You Trade on XM’s Platform?

A range of trading markets as XM Products available from a single multi-asset account that offers 6 Asses Classes and includes about 55 currency pairs with a total over 1000+ trading markets. you are able to trade XM Forex or CFDs on stock indices, commodities, stocks, metals, energies and Cryptocurrencies at XM all available from the same trading account. Yet, the trading instrument range is different based on entity conditions, alike under its XMGlobal brand, Broker provides a selection of 60 cryptocurrency pairs for trading. 

Main Insights from Exploring XM’s Tradable Assets

XM Markets range offers diverse variety of products so you can enjoy a great choice that meets different expectations and preferences. Besides, we see dramatic growth in instrument offering compared to previous years, adding more Cryptocurrencies and CFDs to the list, also recently added Thematic Indices like AI Index etc. 

This wide spectrum helps traders to create diverse portfolios and profit from several market trends covering most of the popular asset classes, also some less popular too. XM does not provide ETFs or options; hence some investors may have less opportunities if prefered. For traders looking for diversity in their investment methods, XM’s wide range of tradable assets makes it a strong option overall.

XM Products Review

Leverage Options at XM

Depending on the account type and the entity under which the XM follows regulatory obligations, you can use leverage on a scale from 1:1 to 1000:1. So important to understand which leverage level you are entitled to use, therefore always refer to the conditions of your residency. This leverage is not available to all the entities of the Group, alike maximum leverage for clients registered under the EU and AU-regulated entities of the Group is 30:1.

As various XM entities apply different conditions due to regulatory obligations here are the leverage offered according to entity rules, also note that leverage depends on the financial instrument traded:

  • XM offers leverage up to 30:1 applied to the EU-regulated entity, yet they are not available to all Entities of the Group
  • XM Australian entity and its regulation allows up to 30:1
  • International entity offers high leverage of 1000:1

Deposit and Withdrawal Options

Score – 4.8/5

Deposit Options at XM

The funds transaction at XM are managed in a customer-oriented way, traders having a choice of multiple payment methods supported in all countries. Various payment options including commonly used, also XM introduced a local bank transfer option, which is definitely a plus for many countries since enables to fund the account through local banks and currency with no conversion charges.

XM Trading supports many Deposit Options, see below snapshot from our account opening.

  • Credit cards
  • Bank wire and Local Bank Transfer (available in some regions)
  • E-wallets including Neteller, Moneybookers Skrill, Western Union, etc

Minimum Deposit

XM broker minimum deposit amount is 5$ only for mainly all offered accounts including Micro Account, Standard Account and XM Ultra Low Account. Yet, if you wish to trade Stocks, there is a separate Shares account demanding 10,000$ as a start which is quite high. However, the amount you may transfer varies according to the chosen payment method you can read and find all the necessary info in the XM Members Area.

Withdrawal Options at XM

XM withdrawal options are the same as the deposit ones, including Bank Wire transfers, e-wallets and Credit Debit cards. XM applied 0% Withdrawal Fee and offers zero fees on both deposits & withdrawals. Very pleasant addition indeed, as the XM company got all the transfer fees covered including e-wallets, major credit cards, instant account funding, and wire transfers with no hidden fees or commissions.

Moreover, while the majority of brokers still charge for wire withdrawals, XM deposits and withdrawals above 200 USD processed by wire transfer are also included in the Company’s zero fees policy. Most withdrawal methods have a minimum withdrawal value of $5. Usually handled in 24 hours, withdrawal requests vary in the time it takes to get money, depending on the method. While e-wallet transactions usually happen on the same day, bank wire and card withdrawals might take two to five business days. Overall, XM offers a quick and easy withdrawal mechanism for its users.

XM Deposit Review

Customer Support and Responsiveness

Score – 4.7/5

Testing XM’s Customer Support

As for XM support and service, we find XM globally covers trading needs while the customer service team is available in international locations and speaks more than 25 languages including Chinese, Russian, Hindi, Arabic, Portuguese, Thai, Tagalog and more languages.

You can reach out to the customer support team 24/7. The broker is available through email, phone, or live chat. Also, we found that the service is of good quality with reliable and relevant answers, which confirms XM’s client-oriented policy.

Customer Support in XM is ranked 4.7 out of 5 based on our testing. Support is knowledgeable, fast answers are received on Live Chat, also quite easy to reach.

Contacts XM

XM provides multiple channels for customer support and communication:

  1. Live Chat: Available 24/7 on the XM website for instant assistance from a support agent. The live chat is the fastest way to get in touch with XM.
  2. Email: XM offers email support at [support@xmglobal.com] for less urgent inquiries. Emails are typically answered within 24 hours.
  3. Phone: Telephone support is available 24/7 at +357 25029933 for clients in Cyprus, +612 8607 8385 for Australia, and +501 223-6696 for Belize.
  4. Social Media: XM maintains active social media profiles on Facebook, Twitter, and Instagram for updates and limited support.

XM Support Review

Research and Education

Score – 4.8/5

Research Tools XM

In terms of research tools and Market materials, it is in good order at XM too. Along with News Feed, Technical Summaries and Technical Analysis, XM provides Fundamental Analysis and Trade Ideas suitable for beginning or advanced traders.

We do really like the way XM organizes its research tools, as you will find in one place everything that is required for your smarter trading decisions along with Forex Calculators, MQL5 and more. Also, exclusive technical indicators compatible with both platforms available for subscribers making it possible to perform algorithmic trading.

To enable traders make informed decisions, XM also offers useful tools, including daily market research, an economic calendar, and trading signals. With its extensive teaching tools and language support, also Price alerts let traders react quickly to developments in the market. These instruments give traders insightful analysis and enhance their capacity for making decisions, therefore empowering them.

Education

Along with good customer service, every client can access numerous educational materials through XM Learning Center, full of trading data and other necessary information that brings trading to a better level. In this regard, XM went also far and developed truly wide education support throughout various regions with the purpose of educating traders, which is a great plus for all traders.

With XM you may count on quality learning, as we found based on our tests, defined also by your level, which includes Live Education offerings, Educational Videos, Forex Webinars, and regularly held Forex Seminars in various destinations. In addition, there are very well-organized tutorials, videos and tools at your disposal.

Is XM a good broker for beginners?

For newbies, XM is one of best broker because of its easy-to-use platforms, a low minimum deposit of just $5, and wealth of professional Forex Education and materials. XM also offers a virtual fund trial account so newcomers may practice free from danger with Demo Trading. Lastly, XM offers a conducive environment for inexperienced traders to grow their abilities and confidence in the market by including negative balance protection and 24/7 multilingual customer assistance.

XM Education Review

Portfolio and Investment Opportunities

Score – 4/5

Investment Options XM

XM provides a range of investing options, mostly emphasizing active trading above passive investment choices. XM does not offer long-term investing possibilities, including bonds or ETFs, Shares investment which would restrict options for those looking for conventional asset classes. The broker offers no specific long-term investing plan; their products are designed for short-term trading strategies and dedicated to trading mainly on CFDs.  For Broker with classic Investment Options we would suggest checking other Brokers.

However, there are available Copy Trading capabilities XM offers, which are quite comprehensive and on a good level that may be considered as type of investment opportunity. Also, Broker does not provide passive investment services like PAMM or MAM accounts for multi account management, where professional money managers trade on behalf of investors.

Account opening

Score – 4.9/5

Account opening at XM is a straightforward and transparent enough process, you may get started with Demo account almost within minutes since no verification of Identity is required and once ready get to Live account, which was quite smooth process in our test too. 

How to open XM Demo Account?

  1. Visit the XM Website: Go to the XM demo account registration page.
  2. Fill Out Personal Details: Enter your email address and set a password. No additional personal information is required.
  3. Verify Email: Check your email for a verification link from XM and click it to confirm your registration.
  4. Choose Account Settings: Select your preferred trading platform (MT4 or MT5), account type, leverage, base currency, and investment amount.
  5. Open Additional Accounts (Optional): If desired, log into the XM Member Area to open up to 5 demo accounts with different settings.
  6. Start Trading: Once set up, use the provided login information to access your demo account on the trading platform.

How to open XM Live account?

  1. Visit the XM Website: Go to the official XM website and click on the “Open an Account” button.
  2. Fill in Personal Details: Enter your name, email address, country of residence, and phone number.
  3. Choose Account Type: Select your preferred trading platform (MT4 or MT5) and account type (Standard, Micro, Zero).
  4. Set Password: Create a secure password for your account.
  5. Verify Email: Check your email for a verification link from XM and click it to confirm your registration.
  6. Complete Personal Information: Provide additional personal details such as date of birth and address.
  7. Upload Identification Documents: Submit proof of identity (passport or ID card) and proof of address (utility bill or bank statement).
  8. Account Verification: Wait for XM to verify your documents, which typically takes up to 24 hours.
  9. Make Initial Deposit: Fund your account with the minimum deposit (usually $5) to start trading.
  10. Start Trading: Once verified and funded, log into your account and begin trading on the platform of your choice.

XM Account Opening Review

Additional Tools and Features

Score – 4.7/5

In addition, we found numerous XM’s add-ones and additional tool allowing you to enjoy extra benefits that the platform offers with regular resrarch or tools. 

  • This includes XM VPS, Rapid Trade Execution and remote connection to a Virtual Private Server(VPS). The XM VPS brings non-stop work without your monitoring or even having the computer on. Clients that maintain a minimum amount of $5,000 or equivalent, are eligible to request a Free VPS, for the ones’ that can’t meet the requirement, still can request a tool with a monthly cost – $28.
  • Trading Central offer actionable suggestions based on technical analysis, daily market analysis reports provide both technical and fundamental information. 
  • Data on market sentiment reflects the proportion of long or short position traders, so supporting sentiment analysis. 
  • XM CompetitionsXM brokerage firm also runs its “Social Area” platform. This addition enables traders to connect, gain knowledge, and challenge one another. Features highlighted on XM’s site include competitions, where traders can vie for prizes and managerial roles. Through Copytrade, novices can mimic expert trades, and with a community of over 10 million, the platform fosters global interaction among trading enthusiasts.
  • XM Loyalty Programin addition Broker run various seasonal programs with certain calendar events and occasions available for limited periods of time granting trading bonuses or other programs. So we advise to check the relevant one available currently on official XM website. 

XM Bonus Review

XM Compared to Other Brokers

XM is definitely winning as Broker for Beginning Traders the Education quality and available seminars/ webinars are excellent, yet some similar Brokers also provide a great education. Also, the minimum deposit is only 5$ while others even suggest from 0$, still all are very competitive. The platform selection is basic with MT4 and MT5 available, while similar Brokers like AvaTrade also include professional COpy Trading and proprietary softwaare to diversify more. Also fees we find within the average and slightly higher at times too for Standard account, Brokers like Exness offer much lower spreads with similar conditions. 

Instruments range is great at XM too, not with several thousands of instruments but are very competitive product range too. Lastly, XM is among those Brokers with excellent reputations and long-history of operation which is appealing in terms of reliability, similar like AvaTrade and HFM too

Parameter XM IC Markets Exness AvaTrade HFM eToro
Spread Based Account 1.6 pips From 1 pip From 0.2 pips From 0.9 pips Average 1 pip Average 1 pip
Commission Based Account Only on Shares Account 0.0 pips + $3.5 0.0 pips + $3.5 For Professional Account only 0.0 pips + $3 Available at US eToro Crypto
Fee Ranking Average Low/ Average  Low Low Average Average
Trading Platforms MT4, MT5, XM WebTrader MT4, MT5, cTrader MT4, MT5 MT4, MT5, WebTrader, AvaTrade App, AvaOptions, DupliTrade, ZuluTrade, AvaSocial, Capitalise.ai MT4, MT5, HFM App Proprietary
Asset Variety 1,000+ Instruments 1,000+ Instruments 200+ Instruments 250+ Instruments 500+ Instruments 2,000+ Instruments
Regulation ASIC, CySEC, FSC, DFSA ASIC, CySEC, FSA FCA, FSCA, SFSA, CBCS, FSC BVI, FSC Mauritius Bank of Ireland, ASIC, JFSA, FSCA, CySEC, BVI FSC, FRSA, ISA FCA, CySEC, ASIC, FSAS, NFA for Crypto Exchange FCA, CySEC, ASIC, FSAS, NFA for Crypto Exchange
Customer Support 24/7 support 24/7 support 24/5 support 24/5 support 24/5 support 24/7 support
Education Excellent Good Fair Excellent Good Good
Minimum Deposit $5  $200  $10  $100  $0  $200

Full Review of XM

Operating since 2009, XM is a reputable broker known for its Forex and CFD trading offerings. Under control of several agencies, including ASIC and CySEC, XM guarantees a safe trading environment, also is a  reputable firm operating for many years with excellent ranking and reviews from traders. To suit different trading tastes, the broker provides over 1,000 trading products, including stock CFDs, precious metals, and 55 currency pairs. XM stands out as a trusted platform, offering a secure trading environment backed by its status and conditions favorble to trading preferences, flexibility of platforms and available extra features.

Given a minimal initial commitment of just $5, XM appeals especially to beginners. Through MetaTrader 4 and 5, the platform offers easy-to-use interfaces; additional exceptionally well-designed and performed educational tools like webinars and market analysis round out this aspect. XM also offers traders better security by means of various trading protections, schemes and securitty applied.Focusing primarily on active trading techniques, it lacks long-term investment options such as bonds and ETFs, aslo available Shares Trading is for trading purposes only. For both new and seasoned traders, XM is a good option because it offers affordable costs, first-rate customer service, and strong instructional tools combined. 

Tomas Prieto From Colombia | | Saturday, February 8, 2025

bonuses are very nice, the ones I got first was without me even trading or making a depo, they just added it to me no questions asked. Turns out, they can be used only on standard account, which has higher spreads, quite a bit higher. But I did some math, and its still 100% worth getting bonuses, at least if you are not trading with millions. So that standard account is actually better.

Law Teng Chaw From Malaysia | | Sunday, January 19, 2025

They must have optimized the app quite a bit, cuz on my phone, when I click on the app, it enters FAST! The same with when I actually open or close the trade, and it's important for me. I know maybe it's not optimal, but sometimes I am not at home and have to catch the moves from my phone, I can analyze and open trades carefully. Not regularly tho, pc is still better.

Tolomeo From Italy | | Thursday, January 16, 2025

Recently started trading on this platform, and here is my take on XM: - it is definitely on of the most reliable trading platform in every regard, speaking about the support they provide, the educational resources, or the payment system - the trading terms: SOLID! I like the ultra low account, this is the one I use and can recommend it to those willing to cut their trading costs. It’s not good for scalping, tho, although the spreads can be seen are tight enough even for this trading strategy - a deposit-bonus offer is available for those looking for a little boost of their account size

The Bach From Vietnam | | Tuesday, January 14, 2025

Trading here is indeed so fulfilling. And not expensive when you bring your first deposit to get it started. Then, You can experiment by alternating the platforms, be it mt4 or mt5, you can switch from habitual currency trading to all sorts of CFDs, say, american stocks. You will never be isolated from the world market information as their live sessions are broadcasted on a permanent basis. You can even choose the version depending on your english level.!

Ivanildo Alvarez From Brazil | | Tuesday, January 14, 2025

It turned out that they have 5 accounts to choose from and I don’t know why they don’t show this information on the official website. So it disappointed me a little bit, anyway, after reading all the terms and conditions, i picked the ultra low standard account. In my opinion, this account is the most favourable in terms of trading conditions like spreads and swap commissions.

  • Ivanildo Alvarez
Khamron From Thailand | | Thursday, January 2, 2025

One of the best promos in the business.. So I got deposit bonus when I first signed up, and my trading equity just got bigger, for nothing.. Also, the loyalty program is actually top tier! After a whole month of trading, my status became Gold. For istance, if I trade often and earn 10 XMP per lot at my status, I can collect it. Just 1200 mxp will give me 400$ trading credit, which is just a free account with money basically.. Also the profit made there can be withdrawn, so the possibilities here are a lot.

Jeremiah Iriberri From Philippines | | Tuesday, December 24, 2024

I found a new asset for me here at XM, didn't think of trading it before I've seen the conditions. So in my opinion, Silver is the new Gold. Think of it how you like, but I rate Silver even above gold for a couple of reasons. - At XM - silver has good conditions and spreads - It's not as undpredictable as gold ,it still has clear waves that give me entries - Feels like an instument more prone to a technical analysis Sometimes with gold I have no idea if correction is gonna come, but with silver ,I know better. And I just like it, so I dont need like extra arguments to trade it lol.

Furio Brandi From Italy | | Friday, December 20, 2024

It's cool that I can be a manual trader here and copy trades of others. There are many leaders perhaps becasue the broker set up good payouts for having subscribers and sharing strategy with many people. Nvm, I am a follower, not a leader cause creation of a robust strategy that will bring good income is a time consuming task to be honest. Their app is cool as well, i like its stability, interface and attractive design. didn't have any troubles trying to deposit money, open orders or get in touch with support. This is why I can call their software quality. Dunno if it's like this for everybody

Jaxon TMallari From Philippines | | Monday, December 9, 2024

I am quite lucky to end up here because this broker is well-known for being one of the most respectable and decent ones in the whole industry. Many awards, strong regulations, lots of reviews and everything made me start trading here, even though I wasn't in search of another broker. It's just a better one. I especially like competitions which I can take part in. It means that I can prove myself and maybe even make some dough. But, they aren't as frequent.

  • Jaxon TMallari
Z Wheeler From South Africa | | Monday, December 9, 2024

i was kinda frustrated that they removed a micro account after the update, ehh… i should have joined earlier… 🥲 anyway, i decided to go for another option and opened a usual and standard account. the trading conditions are not worse than on other accounts from my perspective. not gonna lie, i was a little surprised by how easy-to-handle the mobile platform. it has lots of modern widgets and functions that make my trading journey more relieved. 😁

David Burgos From Brazil | | Thursday, November 28, 2024

Xm has nice offerings. I was hesitating between the two types of account, ultra low without any bonus but a little bit better spreads for a few contracts and the standard (correct me if I use the wrong name for this account) with bonuses. Btw, BOTH start with just $5, which is rather generous. Finally,I turned to the ultra low account as trading conditions are more important than having extra bonus. Maybe, I will test other account types later

Ransom Howell From Singapore | | Friday, November 15, 2024

I was into trading usual stocks at first, but then it wasn't so profitable for me. Now I am back to USD, and related pairs. Like with Swiff Franc, and I think it's a good currency to trade against he dollar. As you can see, the trend here is pretty much more straightforward. I just relate to forex more, and it's more volatile so the spreads don't get too crazy right here. Has its good and bad sides, but I think I will keep sticking to forex, as long as its profitable hehe

  • Ransom Howell
Einar From Philippines | | Tuesday, October 15, 2024

XM is probably the most loyal broker from my point of view because I have worked with a few brokerage companies before and they were quite rude and irresponsible, but XM definitely knows how to deal the business with not only seasoned traders but also with beginners like me. By the way, their support team is kinda funny and those guys from this department sometimes love to joke about something in the chat and I appreciate that! So far I’m trading on a standard account and it was a pleasure to get a nice deposit bonus of 30$ for passing the verification of a trading account. Generous broker!👍

David Gomes From Brazil | | Sunday, October 13, 2024

XM delivers an elite educational experience throughout the fully stocked learning center where they deliver an elite auto education experience by way of fully optimised webinars, live education and tutorials sections. Of all the features there, the live education is my fav, Iget to interact and ask questions. its impressive structure of analytics and tools improves traders’ trading strategies no matter the trader’s level. XM is different from competitors because it focuses on trader education, and therefore is suitable to traders with different levels of experience.

Adriaan Chauke From South Africa | | Wednesday, October 9, 2024

XM has been quite good for trading most of the time. The wide portfolio of instruments such as forex, commodities and stocks have been instrumental in enabling me to diversify my portfolio to the optimum level. Their webinars, and tutorials are great, I have 2 saved to watch later, they have assisted me in enhancing my trading skills. The analysis tools are not too limited either, which makes the study of the market easier. However, the only con I found to be true is that the withdrawal method may sometimes take some time more than required. Still part of my top 3 platforms.

  • Adriaan Chauke
Karaman Selte From Turkey | | Thursday, September 26, 2024

Xm is a convenient platform for me from the point of those instruments it offers and payments. Well, actually I didn't even question the fact that payments would be hassle-free here. I got acquainted with some reviews, it was crucial for me to nose out what people say about depositing and withdrawing from the account on the streets, so this is the reason why there was no even a pinch of hesitation. Speaking of tools and instruments, then there is a surplus of them, definitely not a shortage. It's noticeable that providing excessive number of tools is their priority. Thank you very much.

Surya Bumb From India | | Tuesday, September 24, 2024

Xm takes one of the highest places in the overall hierarchy of global forex brokers and rightly so. As far as my xm trading experience goes, it’s a very all-rounded forex broker. I can even submit to the trading competitions to win some cash prizes. It’s actually a great opportunity to scale my profits with zero investments. As there are real account competitions and demo account as well. So for me Xm works pretty dang good

Raffaele Riva From Italy | | Tuesday, September 10, 2024

Extremely nice spreads. For EUR/USD, the real (not marketing) spread for me its almost always 1 pip, on the dot, for my account type. For BTCUSD, its usually below $70, which is actually less than 0.13%, very good for crypto. But minors & exotics are where it really shines. For CHFSGD, which I'm a big fan off, my spread with XM is typically 15-30 pips, its actually very small for this pair. Even on H1 you can see that daily moves are way beyond this spread. Very nice to just daytrade, don't need to hold positions for long and dont need to try to time it just right.

  • Raffaele Riva
S. Khumpai From Thailand | | Wednesday, August 14, 2024

As a new trader apart from choosing a broker with good security and well known regulations the support system of the broker is very important as you want to trade with a broker that cares about your trading success and provides everything necessary that can champion it. This broker as really nice educational materials which has helped me tremendously and also great analytical tools which range from technical and fundamental. The support team is not al that great though.

  • S. Khumpai
Wati Jenab From Malaysia | | Sunday, July 21, 2024

I suppose you know, but for those who don't - the very first thing that should be IMPORTANT for a new trader is the accessibility of the educational materials. It may be a full-fledged academy, help center, videos or whatnot, but chase those brokers which offer such a feature. My chase led me to the XM, where I found a treasure trove of academical stuff for traders of all levels. Courses, life education sections, insights, analysis - lotta interesting stuff that, I bet, play into the hands of mine and help me to understand trading better. But no learning goes without practice, so it's also crucial to practice a lot. They have a nice demo which I use, sum of virtual money that I was given is enough to create a strategy, trade for a while and so on. Props, mates.

Tri Qui Vuong From Vietnam | | Tuesday, July 16, 2024

I guess Xm support is an award-winning one cos if not they really deserve it. I threw every possible question at them and props to Sophia for responding very patiently. I always do that to test the broker as I noticed that all the questionable brokers have one thing in common - a really bad support team. I have some issues with the pricing especially at Standard account but when it comes to client-orientedness Xm is arguably the best in the business.

  • Tri Qui Vuong
Jebat Bin Embong From Malaysia | | Monday, July 8, 2024

I am writing this review just because I wanna share some info about their client support team. I asked them about leverage on the platform, like whether it's adjustable and fixed and what's the maximum size of it, and Ichraf replied to my request within... lol, several seconds. I didn't even finish the question =D Just a joke, ofc, but they do really reply fastly, without any delays, check the screenshot. Maybe information isn't super-duper detailed, but it's enough for me to understand leverage mechanism at XM. So, thank you very much!

  • Jebat Bin Embong
Eustachio Bellini From Italy | | Saturday, June 22, 2024

This broker makes it a must to make sure that their clients are happy and they provide appealing services, an easy E for effort alone. But the broker does so much more. It’s also easy to use and operate, everything works efficiently and effectively. I remember joining the broker and had to start with the demo account, I was very happy I got the opportunity to practice and train without risking any money of mine because when it comes to trading there are risk involved but when you’ve practiced and trained satisfactory, you’ll be confident to trade in a live account knowing you’ve got everything to succeed and get profits consistently. The standard account is actually a very good choice.

Matteo Reichel From Philippines | | Tuesday, May 14, 2024

On the one hand, fact that this company has been around for about 15 years is impressive. But on the other hand, I know several brokers that have been operating for much longer. Nevertheless, it seems to me that over these 15 years since 2009, company built excellent reputation. And more than 10 million customers confirm my words. As for my experience, it is most likely the same as most of the clients of this company. I am happy with the way services work and consider this broker a good option.

  • Matteo Reichel
Nikunj Desai From Singapore | | Saturday, March 18, 2023

This is a scam and terrible broker. Please don't use them - there are many options. I have been using them for a couple months and changed to my local currency.in doing so, when I deposited money via credit card I was charged a DCC fee. Much to my dismay as XM doesn't tell you. So to reverse the fee I had to withdraw the amount and when i did XM started charging me fees and said I violated their policy. I have sent several emails and asked how and to date they have not provided a reason but yet charged me fees when their policy is zero fees for withdrawal and deposits. There are many better brokers please don't use XM

Bing Lee From Hong Kong | | Thursday, May 26, 2022

This company has this telegram channel that scam people for money.

  • Bing Lee
Cheang Sopheak From Cambodia | | Thursday, April 7, 2022

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

Amanda From South Africa | | Tuesday, April 5, 2022

XM is a scam broker. They get you to send all your personal details and "give" you $30 and if you make a profit as I did ($450) you can't withdraw it because then they close your account and take the profits for them. STAY AWAY

Rukha From Uzbekistan | | Wednesday, January 5, 2022

Well maybe they are good and one of the oldest brokers out there but they know how to fuck you up professionaly and wipe offfff your account and send all kind of terms and conditions and policies that you never saw...and they will try clean them selfs so usual scammers and dushpaks !!!! Thank you for worst and fucked up expirience XM team!!!!!

H. B. From Turkey | | Tuesday, June 29, 2021

Those who use high leverage in XM should be very careful with the spreads opened at night, every trade that is 200 pips away from the SL point becomes a stop. The spread, which is 7 pips during the day, goes up to 100-200 pips at 00:00. My position is stopped just one second 200 pips away because of widing spread

  • H. B.
Tony From Indonesia | | Monday, February 8, 2021

Complete Scammer. Tried for 2 weeks, and I received an email that told me "In that regard, our Anti-fraud Department has brought to our attention that your Account is connected to an account that had been previously terminated because of the violations of the Client Agreement." Called account manager, He wont tell me what's wrong and nothing he can do whatsoever. Lost my profit, no explanation, no responsibility. XM is a scammer

Francis From Thailand | | Wednesday, April 22, 2020

they are real scammer, they took my money and did not give me my remaining balance I am taking legal action against these crooks

Andy From Singapore | | Friday, March 20, 2020

The worst broker ever, deposited 3k into my Xm account. Funds deducted from my bank account with payment reference number and details. XM says bank rejected the transaction. Calls back my bank to check, transaction is successful and funds deducted from my bank account with payment details Contacted XM again, and same reply, bank rejected the transaction, when ask for proof to show that the transaction was rejected, not given. Ask for a call back, not done. Just keep repeating the same reply, transaction rejected by my bank. If you don’t want your money to just vanish, skip XM

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Editor team
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George Rossi Content Creator
George R. is a wide-ranging expert with experience in analysis and writing. Currently serving as a Senior Writer at 55brokers.com. In addition to this role, he has been the Chief Market and Broker Analyst since June 2020. He has played a crucial role in providing in-depth analysis and insights into the financial markets. With nearly a decade of experience as a Foreign Exchange Trader, George brings a deep understanding of market dynamics and trading strategies. His previous positions include serving as the Chief Market Analyst at SVS Securities Plc.
Eno Eteng is a highly skilled and certified financial technician with a Diploma from the UK Society of Technical Analysts. As a pioneer alumnus of the Tony Elumelu Foundation's (TEF) Entrepreneurship Program (class of 2015), Eno has been a prominent figure in the financial content industry since 2009. Over the years, Eno has crafted more than 5,000 ghost-written articles for major industry players, including InvestooGroup, EasyMarkets, eToro, Spotware Systems, and high-profile clients like the Chief of Staff to the Delta State Government of Nigeria.
Crispus Nyaga is an investment analyst with great experience in financials. His expertise spans various domains, including Petroleum, Statistical Data Analysis, and Technical Analysis. Crispus is proficient in utilizing advanced tools to conduct in-depth market research and data analysis. Also, he has an academic background - holding a Master’s degree in Business from Kenyatta University.

189 responses to “XM”

  1. 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.

  2. 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.

  3. 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.

  4. 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!

  5. 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.

  6. 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.

  7. 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.

  8. 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?

  9. 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

  10. 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.

  11. 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.

  12. 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.

  13. 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.

  14. 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.

  15. 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.

  16. 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.

  17. 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.

  18. 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.

  19. 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.

  20. 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.

  21. 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🏆

  22. 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😀

  23. 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 👍

  24. 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.

  25. 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

  26. 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.

  27. 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

  28. 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! 👍👍

  29. 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.

  30. 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.

  31. 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?

  32. 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?

  33. 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!

  34. 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. 🤑

  35. 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.

  36. 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.

  37. 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. 🧐

  38. 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. 🤪

  39. 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.

  40. 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

  41. 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…

  42. 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 😀

  43. 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.

  44. 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.

  45. 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

  46. 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

  47. 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.

  48. 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

  49. 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.

  50. 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?

  51. 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.

  52. 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.

  53. 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!

  54. 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

  55. 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.

  56. 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.

  57. 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.

  58. 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.

  59. 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!!

  60. 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.

  61. 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.

  62. 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!

  63. 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.

  64. 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.

  65. 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!!

  66. 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

  67. 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.

  68. 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.

  69. 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.

  70. 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.

  71. 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.

  72. 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!

  73. 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!

  74. 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

  75. 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.

  76. 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.

  77. 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.

  78. 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?

  79. 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.

  80. 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.

  81. 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.

  82. XM’s support speaks so many languages. This is impressive and shows their commitment to providing excellent support.
    Keep up the good job XM!

  83. 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.

  84. 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.

  85. 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.

  86. 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.

  87. 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-)

  88. 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.

  89. 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 😀

  90. 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.

  91. 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.

  92. 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.

  93. 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

  94. 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.

  95. 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.

  96. 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.

  97. 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.

  98. 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.

  99. 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.

  100. 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.

  101. 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.

  102. 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 🙂

  103. 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

  104. 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.

  105. 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.

  106. 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.

  107. 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.

  108. 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.

  109. 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

  110. 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.

  111. 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!

  112. THEY ARE A SCAM HAHAHAHHA PLEASE BE AWARE THAT THIS COMPANY IS A SSCAM DO NOT OPEN ANA ACCOUNT IWTH THEM!

  113. 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

  114. 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

  115. 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.

  116. 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!!!!

  117. 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.

  118. 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 !

  119. 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!

  120. 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

  121. 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,!

  122. 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.

  123. 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.

  124. 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?

  125. 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)?

  126. 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

  127. 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

  128. 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.

  129. 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 🙂

  130. 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

  131. 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

  132. 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)

  133. Comment Area
    Is it allowed for individual trade or for corporate Clint’s only? Interested to know.

    • 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!

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