XM Review
Updated regularly · Independent ratings
Overall Rating
4.3 / 5
Fees
4.4 / 5
Safety
4.5 / 5
Platforms
4.3 / 5
Education
4.2 / 5
Min. deposit
$5
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the risk of losing your money.
XM — At a Glance
Full broker data from our database
| Minimum deposit | $5 |
| Broker type | Market Maker |
| Spread type | Variable |
| Spreads from | Standard Account: 0.8 PIPS, Ultra Low Account: 0.0 PIPS, Zero Accounts: 0.0 PIPS |
| Commission | Standard Account: No commission, Ultra Low Account: No commission, Zero Accounts: $3.50 commission per lot per side |
| Maximum leverage | 1:1000 |
| Minimum lot size | 0.01 |
| Maximum lot size | 100 |
| Decimal pricing | 5 decimals |
| Trading platforms | XM App, MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| API access | Yes |
| VPS | Yes |
| Demo account | Yes |
| Segregated account | Yes |
| Swap-free account | Yes |
| Managed account | No |
| PAMM / MAM account | No |
| Joint account | No |
| Copy trading | Yes |
| Social trading | Yes |
| Account currencies | USD, EUR, GBP, CHF, JPY, AUD, HUF, PLN, ZAR, RUB, SGD |
| One-click trading | Yes |
| OCO orders | Yes |
| Trailing stop loss | Yes |
| Hedging allowed | Yes |
| Scalping allowed | Yes |
| Interest on margin | No |
| Bonuses | Yes |
| Contests | Yes |
| Regulators | CySEC (Cyprua), FSCA (South Africa), FSA (Seychelles), FSC (Belize), FSC (Mauritius) |
| Headquarters | 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus |
| International offices | United Arab Emirates, Greece, Belize, Cyprus, South Africa, Uruguay |
| Assets offered | Forex, CFDs |
| Payment methods | Bank Transfer, Local Bank Transfer, Debit Cards, Credit Cards, Skrill, Neteller, Apple Pay, Google Pay, Perfect Money |
| 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 |
| Contact email | support@xm.com |
| Minimum deposit | $5 | Social trading | Yes |
| Broker type | Market Maker | Account currencies | USD, EUR, GBP, CHF, JPY, AUD, HUF, PLN, ZAR, RUB, SGD |
| Spread type | Variable | One-click trading | Yes |
| Spreads from | Standard Account: 0.8 PIPS, Ultra Low Account: 0.0 PIPS, Zero Accounts: 0.0 PIPS | OCO orders | Yes |
| Commission | Standard Account: No commission, Ultra Low Account: No commission, Zero Accounts: $3.50 commission per lot per side | Trailing stop loss | Yes |
| Maximum leverage | 1:1000 | Hedging allowed | Yes |
| Minimum lot size | 0.01 | Scalping allowed | Yes |
| Maximum lot size | 100 | Interest on margin | No |
| Decimal pricing | 5 decimals | Bonuses | Yes |
| Trading platforms | XM App, MetaTrader 4 (MT4), MetaTrader 5 (MT5) | Contests | Yes |
| API access | Yes | Regulators | CySEC (Cyprua), FSCA (South Africa), FSA (Seychelles), FSC (Belize), FSC (Mauritius) |
| VPS | Yes | Headquarters | 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus |
| Demo account | Yes | International offices | United Arab Emirates, Greece, Belize, Cyprus, South Africa, Uruguay |
| Segregated account | Yes | Assets offered | Forex, CFDs |
| Swap-free account | Yes | Payment methods | Bank Transfer, Local Bank Transfer, Debit Cards, Credit Cards, Skrill, Neteller, Apple Pay, Google Pay, Perfect Money |
| Managed account | No | 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 |
| PAMM / MAM account | No | Customer support | Live Chat, Email, Phone |
| Joint account | No | Contact email | support@xm.com |
| Copy trading | 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