XM is an international forex broker that offers trading in forex, stocks indices, and cryptocurrencies through multiple regulations. Moreover, its variety of account types and availability of trading assets make this platform unique.
In this XM broker review, we have done extensive research about the company with a neutral opinion from traders with live accounts. Moreover, we focused on regulatory compliance to see whether XM broker follows all requirements imposed by the regulating authority or not.
In the following section, we will see every detail of XM broker so that we can define the effectiveness of the company with a neutral opinion.
Overview of The Company

XM is a global multi-regulated broker that started business operations in 2009 with the vision of being a fair, human broker. XM focused on contacting clients physically rather than using the technology. Since its formation, this company has served more than 5,000,000 clients and became a true industry leader.
There are more than 450 professionals with a long experience in this industry to provide support in more than 30 languages. Now the company is serving clients from 196 countries through more than 25 payment methods.
Regulation

XM is a multi-regulated broker from different authorities. Therefore, traders’ accounts might experience a change in policy with the change in geographical location.
The regulation and geographical XM’s offices are mentioned below:
- XM Global Limited is authorized and regulated by the International Financial Services Commission (IFSC) (license number 000261/158)
- Trading Point of Financial Instruments Limited, authorized and regulated by Cyprus Securities and Exchange Commission (CySEC) (license number 120/10), are members of Trading Point Group.
Account types
XM provides four account types- Micro Account, Standard Account, Ultra-Low Account, and Share Account.

Micro Account
A micro account is perfect for those who are serious about trading and want to build a career here without the demo account. Forex trading requires a lot of practice and patience that a trader can achieve using the Micro Account.
Other features of the standard account are mentioned below:
Standard Account
The standard account is perfect for those who have good knowledge about trading and making profits from here for a considerable time. Therefore, if you have experience trading with good knowledge and education, this account type is perfect.
Other features of the standard account are mentioned below:
XM Ultra-Low Account
The Ultra-Low account is a lower spread and faster execution, which is important for an intraday trader and scalper. If you are a day trader and focused on making profits from short-term price movement, this trading platform is perfect for you.
Other features of the standard account are mentioned below:
Share Account
Despite leveraged products, if you want to expand your trading career in stock trading, this account type is suitable for you. In this trading account, you can take a part in the world-famous company’s shares while being an owner.
Other features of the standard account are mentioned below:
Feature | Micro Account | Standard Account | XM Ultra Low Account | Shares Account |
Base Currency Options | USD, EUR, GBP, JPY, CHF, | USD, EUR, GBP, JPY, CHF, | EUR, USD, GBP, AUD, ZAR, SGD | USD |
Contract Size |
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Leverage |
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Negative balance protection | YES | YES | YES | YES |
Spread on all majors | As Low as 1 Pip | As Low as 1 Pip | As Low as 0.6 Pips | As per the underlying exchange |
Commission | No | No | No | No |
Maximum open/pending orders per client | 300 Positions | 300 Positions | 300 Positions | 50 Positions |
Minimum trade volume |
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Lot restriction per ticket |
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Hedging allowed | YES | YES | YES | NO |
Islamic Account | Optional | Optional | Optional | YES |
Minimum Deposit | 5$ | 5$ | 5$ | 10,000$ |
Open XM Account
Payment Options
As a global broker with service in more than 190 countries, this broker has a wide range of payment options to make trading convenient for all traders. The deposit option will appear after login into your account on the top side of the user interface.
XM deposit option
Here is the list of deposit channels found on the XM website:
- Credit/Debit Cards
- Neteller
- Skrill
- WebMoney
- Perfect Money
- SticPay
- VLOAD
- Bank Transfer
Exness withdrawal option
XM requires the same withdrawal method for the deposited amount and for for-profit you can choose any method from the below-mentioned link:
- Credit/Debit Cards
- Neteller
- Skrill
- WebMoney
- Perfect Money
- SticPay
- VLOAD
- Bank Transfer
The withdrawal option is available as soon as you click the withdrawal menu from the user interface. After that, you have to input your withdrawal amount and select the method to which you are taking the withdrawal
Markets
XM is suitable for portfolio diversification as traders can expand their investment in forex, index CFDs, commodities, and cryptocurrencies.
Forex
You can enjoy forex trading with a maximum leverage of 1:888. Moreover, its spread is floating and average compared to other brokers.
Currency pair | Spread |
EUR/USD | 0.10 |
GBP/USD | 0.11 |
AUD/USD | 0.07 |
USD/CAD | 0.20 |
Shares
There is a separate share account for XM where you can trade the world’s top company’s share without any leverage. XM Share account covers company’s like Facebook, Tesla, Microsoft, Google, etc.
Equity Indices
You can trade some famous and valuable indices in this broker that includes AUS200, Eur50cash, FRA40Cash, GER30Cash, HK50Cash, etc.
Trading platforms

XM provides trading services through MT4 and MT5 platforms that can catch trading requirements for all people
Customer support
Exness MetaTrader 4 | Exness MetaTrader 5 |
MetaTrader 4 is the world’s most used trading platform that is famous among most retail traders. In MT4, traders can see real-time charts, live quotes, market analytics, etc.
| MetaTrader 5 is the upgraded function of the MT4 platform, where both of these platforms are user-friendly by traders. MetaTrader 5 provides faster processing times, advanced orders, and hedging opportunities.
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XM website is available in 31 languages so that traders from all countries can connect with them. During our review, we have found that the broker took the necessary steps to provide good human support for traders all around the world.
The FAQ section is enriched with information about the company and trading. Moreover, the Live chat function works 24/7 and traders can ask anything here.
Pros and cons
PROS | CONS |
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Summary
In summary, we can say that XM multi-regulated forex brokers allow trading in many trading instruments.
Based on our XM review, we found it is a trustworthy broker and it follows segregation of accounts where clients’ funds are kept separate from the broker’s fund. Overall, the functionality of multiple trading platforms, availability of exclusive shares account, and various regulations may make it an attractive platform.
Rating | 9/10 |
Year founded | 2009 |
Regulation | FSA, FSC, CySEC |
US available | No |
Trading instruments | Forex, Stocks, Indices, Commodities, Cryptocurrencies |
Trading platforms | MetaTrader 4, MetaTrader 5 |
Min. deposit | $5 |
Deposit methods | Credit/Debit Cards, Neteller, Skrill, WebMoney, Perfect, Money, SticPay, VLOAD, Bank Transfer |
Base currencies | USD |
Inactivity fee | No |
Withdrawal fee amount | Free |
Max. leverage | 888:1 |
Min. spread | 0.01 |
Currency pairs | 50+ |
Demo account | Yes |
Social/Copy trading | No |
Automated trading | Yes |
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