XM Forex Review 2026
Key Facts
Regulation
CySEC · FSCA · FSA+2 more
Broker Type
Market Maker
Min. Deposit
$5
Platforms
XM App, MetaTrader 4 (MT4), MetaTrader 5 (MT5)
Fees
Low
Max Leverage
1:1000
Demo Account
Yes
Inactivity Fee
-
Our Ratings
4.3
out of 5
Safety & Regulation4.5
Fees & Costs4.4
Platforms & Execution4.3
Education4.2
76% of retail FX and CFD accounts lose money.
XM - At a Glance
Company & Overview
- Headquarters
- 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus
- International Offices
- United Arab Emirates, Greece, Belize, Cyprus, South Africa, Uruguay
- Broker Type
- Market Maker
- Regulation
- CySEC (Cyprus), FSCA (South Africa), FSA (Seychelles), FSC (Belize), FSC (Mauritius)
- Segregated Client Funds
- Yes
- Negative Balance Protection
- Yes
- Languages
- English, French, Spanish, Russian, Polish, Thai, Arabic, German, Portuguese, Italian, Greek, Vietnamese, Romanian, Simplified Chinese, Traditional Chinese, Bahasa Malay, Bahasa Indonesia, Korean, Bulgarian, Urdu, Hindi, Czech, Slovakian, Nepali, Mongolian, Cebuano, Serbian, Tagalog
- Customer Support
- Live Chat, Email, Phone
Account Types
- Demo Account
- Yes
- Swap Free Account
- Yes
- Joint Account
- No
- Managed Account
- No
- PAMM / MAM Trading
- No
- Social / Copy Trading
- Yes
Account Conditions
- Minimum Deposit
- $5
- Payment Methods
- Bank Transfer, Local Bank Transfer, Debit Cards, Credit Cards, Skrill, Neteller, Apple Pay, Google Pay, Perfect Money
- Account Currencies
- USD, EUR, GBP, CHF, JPY, AUD, HUF, PLN, ZAR, RUB, SGD
- Maximum Leverage
- 1:1000
- Bonuses
- Yes
- Contests
- Yes
Trading Conditions
- Markets & Products
- Forex, CFDs
- Minimum Lot Size
- 0.01
- Maximum Lot Size
- 100
- Decimal Pricing
- 5 decimals
- Hedging
- Yes
- Scalping
- Yes
Fees & Costs
- Spread Type
- Variable
- Spread From
- 0.8 pips (Standard Account), 0.0 pips (Ultra Low Account), 0.0 pips (Zero Accounts)
- Commission
- Standard Account: No commission, Ultra Low Account: No commission, Zero Accounts: $3.50 commission per lot per side
Platforms & Tools
- Trading Platforms
- XM App, MetaTrader 4 (MT4), MetaTrader 5 (MT5)
- API Access
- Yes
- VPS Hosting
- Yes
Pros & Cons
Pros
- Strong regulatory oversight
- Fast and easy account opening
- Broad global market access through CFDs
- Demo account available for practice trading
- Low minimum deposit
- Multiple fast and secure payment methods
- Multiple account currency options
- Negative balance protection
- No deposit or withdrawal fees (for most methods)
- Low forex trading fees
- Islamic (swap-free) accounts available
- High leverage trading capability
- User-friendly mobile and web proprietary platforms
- Supports MetaTrader 4 and MetaTrader 5 platforms
- No restrictions on trading strategies
- Daily market analysis & research tools
- Great customer support service
Cons
- Limited product offering
- An inactivity fee after 90 days of account inactivity
- No TradingView or cTrader integration
