| Promotion: | $50 No Deposit Bonus |
| Regulated By: | CySEC (Cyprus), FSC (Belize), DFSA (UAE), FSCA (South Africa) |
| Headquarters: | 12, Richard and Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042, Limassol, Cyprus, International offices United Arab Emirates, Belize, Cyprus, South Africa |
| Foundation Year: | 2005 |
| Min. Deposit | 5 |
| Max Leverage | 1:3000 |
| Min. Spreads | From 0.0 pips |
| Mobile Trading | Yes |
| Web Trading | Yes |
| News Trading | Yes |
| Headging Scalping: | Yes |
| Trade Platform | MT4 for Desktop, MT4 Web Terminal, MT4 Android, MT4 iPhone Trader, MT4 iPad Trader MT4 Multi Terminal, MT5 for Desktop, MT5 Web Terminal, MT5 Android, MT5 iPhone Trader, MT5 iPad Trader, Platform for Android, Platform for iOS |
XM Forex stands out for its no-nonsense approach to trading. The broker offers low spreads, fast execution, and free deposits and withdrawals, making it friendly for beginners and experienced traders. With a range of account types and strong support in multiple languages, XM gives you clear options whether you trade a little or a lot. The platform runs on MetaTrader 4 and 5, giving you access to hundreds of instruments in forex, stocks, and commodities. Regulatory approvals from top authorities like CySEC, ASIC, and IFSC help build trust, so you know your funds are safe. XM also sets itself apart with free daily webinars and a no-pressure learning environment. This makes it easier to pick up trading skills or sharpen your strategy as you go.
| Swap Free Acc | Yes |
| Acc Funding Methods | Credit Card, Debit Card, Western Union, Perfect Money, Neteller, Skrill, FasaPay, Internal transfer, Local Deposits, Bitcoin, TrustPay, Boleto, Multiple local methods, Sticpay, PayTrust, PayRetailers, Payment Asia, Crypto, Absa , Help2pay, Pix and More |
| Acc Withdrawal Methods | Credit Card, Debit Card, Western Union, Perfect Money, Neteller, Skrill, FasaPay, Internal transfer, Local Deposits, Bitcoin, TrustPay, Boleto, Multiple local methods, Sticpay, PayTrust, PayRetailers, Payment Asia, Crypto, Absa , Help2pay, Pix and More |
| Vip Accounts | Yes |
| Mini Accounts | Yes |
| Segregated Acc | Yes |
| Free Demo Acc | Yes |
| Managed Accounts | Yes |
| Islamic Accounts | Yes |
XM Forex Broker ratings often come in strong for value and service. People like their tight spreads and large list of trading pairs. The broker is well known for quick order execution and reliable customer support. New traders appreciate the easy-to-use platform and useful learning tools. XM holds licenses from top regulators, which helps build trust. Most reviews mention smooth deposits and withdrawals, with few complaints about hidden fees. Always look at the latest user feedback and check the broker’s features to make sure they fit your needs.
| Broker Name: | XM |
| Country: | Cyprus |
| Base Currencies: | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR, USDT. Region specific. |
| Languages: | English, Spanish, French, German, Portuguese, Italian, Greek, Russian, Polish, Thai, Arabic, Vietnamese, Korean, Bulgarian, Urdu, Hindi, Czech, Serbian, Romanian, Tagalog, Simplified Chinese, Traditional Chinese, Bahasa Malay, Bahasa Indonesia, Slovakian, Nepali, Cebuano |
| News Trading: | Yes |
XM is a well-known global broker that’s popular with new and intermediate traders. It offers a wide selection of learning resources, a large choice of instruments, and responsive customer support. This review is based on hands-on testing and feedback, aiming to give you a clear look at XM’s trading conditions, features, support, regulatory coverage, and overall experience.
Launched in 2009, XM is a trusted broker for forex and CFDs, serving millions around the world. Beginners and intermediate traders will find its MetaTrader 4 and 5 platforms familiar and easy to use. The platform gives access to over 1,200 trading instruments—forex pairs, stocks, commodities, cryptocurrencies, indices, and more.
A standout feature of XM is its focus on trader education. The broker offers free webinars, daily analysis, and a host of training tools that suit all levels. These resources are especially good for those who want to strengthen their trading skills.
XM is licensed and regulated by top agencies such as CySEC, FSCA, DFSA, and the FSC in Belize. This structure keeps the company accountable to strict standards, though services and oversight vary by region.
XM accepts major and regional currencies, such as USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR, and USDT. Some currencies depend on your region.
XM does not offer traditional bonuses in most regions due to local laws. However, they do promote free VPS services and no fees for deposits or withdrawals. XM Global offers promotions like trading bonuses, deposit bonuses up to $5,000, cashback, loyalty points, competitions, and more. These offers may change depending on your location and regulatory body.
XM gives access to:
XM Global clients may also trade direct shares. Regional rules affect which assets you can use.
XM offers several account types, each with its own fee setup:
Ultra Low Micro/Standard Accounts
Micro and Standard Accounts
XM Zero Account
Share Trading
Stock CFDs, indices, commodities, energies, and cryptos have variable spreads and may include dividend adjustments or swap charges. Withdrawal fees can apply for low transfer amounts.
Leverage depends on regulation and asset:
Leverage for specific asset classes may be lower and depends on the account’s jurisdiction.
XM does not accept clients from the USA, Canada, Israel, or Iran.
XM offers support in up to 30 languages, including English, Greek, Chinese, Malay, Russian, French, Spanish, Italian, German, Polish, Hindi, Arabic, Portuguese, Czech, and more. Language availability may vary by region and support channel.
XM has several account choices based on region and trader needs:
No Multi Account Manager (MAM) or PAMM accounts available.
Depositing
Payment options include credit/debit cards, Skrill, Neteller, wire
transfer, Perfect Money, Apple Pay, Google Wallet, and local methods.
Processing is fast—some deposits show instantly, though others may take
up to five business days.
Withdrawing
Withdrawal requests are usually processed within 24 hours.
XM requires using the same payment method for withdrawal as for deposit, following a set order. For example, withdrawals go back to your credit card first, then to e-wallets or bank transfer if needed. This process can cause delays, especially for larger withdrawals or if your verification is incomplete. Some users report longer waits with bank transfers or if additional checks are needed.
To avoid problems:
XM offers over 1,200 instruments including:
No options, bonds, or ETFs.
Lot Sizes
Minimum and maximum lot sizes depend on account type and asset. For example:
Leverage
Varies by regulator and market—from 30:1 (EU) to up to 1000:1 (Belize, South Africa, UAE).
Execution Quality
XM acts as a market maker, matching most orders in-house. Spreads can
change with market conditions. Execution is generally fast, with both
positive and negative slippage possible. Most trades fill smoothly, but
fast-moving markets or exotic pairs may see wider spreads and more
slippage.
XM’s MT4 and MT5 platforms provide a reliable, familiar trading environment with many features for analysis and automation. XM WebTrader allows trading from a browser, and mobile apps keep you connected on the go.
Other tools include:
XM Global also offers copy trading in some regions.
XM is regulated by several respected agencies:
Clients in the EU have investor protection up to €20,000 with CySEC. XM keeps client money separate from company funds, adding another safety layer. The platform does not accept clients from the USA, Canada, Israel, or Iran.
XM has won several awards over the years, including five honors at the World Finance Forex Awards 2023, such as Best FX Customer Service and regional awards for Europe, Australasia, Latin America, and the Middle East. These prizes reflect good service and market presence, but always weigh them alongside your own research and experience.
XM offers support through live chat, WhatsApp, Line, Viber, Telegram, email, and phone. Help is available 24 hours on weekdays and for 18 hours during weekends. The support team responds quickly, often within a minute, and provides clear and helpful answers. XM also has a well-stocked Help Center.
XM’s website and platforms offer support in a wide range of languages, fitting clients from many countries.
Traders generally like XM’s fast deposits, quick withdrawals, and the variety of trading tools available. Many users say the platform’s spreads are fair and that customer service is helpful. Some clients highlight smooth local bank transactions, especially in countries like India.
A few users report delays with larger withdrawals or during busy trading periods. Some criticize spreads on certain account types or find withdrawal instructions confusing. Most negative reviews relate to payment delays, but verification and following the correct withdrawal methods typically clear up most issues.
XM is a strong choice for new and intermediate traders who want a reliable, easy-to-use platform with a wide range of assets. You can start with just $5, join in on educational events, and practice on demo accounts. XM stands out for its customer service and tight regulation, which adds an extra layer of trust.
On the downside, some users have mentioned slow withdrawals or unclear bonus offers, and these issues seem more common in certain countries. Make sure to verify your account and check all payment steps to avoid setbacks.
If you want a broker with flexible accounts, good resources, and a focus on client support, XM is worth considering. Just stay aware of the regional differences and review their terms to make sure they fit your trading style.
Founded in 2009 and based in Cyprus, XM serves clients across the world and is licensed by regulators like CySEC, ASIC, FSCA, and DFSA. XM Global, registered in Belize, gives international clients higher leverage options. The group serves over 10 million traders and is known for strong support and a broad range of trading products.
Is XM regulated?
Yes.
XM holds licenses from leading authorities including CySEC (Cyprus),
FSCA (South Africa), DFSA (Dubai), and FSC (Belize for XM Global).
How does XM protect client funds?
Client money is kept in separate bank accounts, apart from company
funds. This helps safeguard your balance, even if the broker faces
financial trouble.
Where is XM headquartered?
XM’s main office is in Limassol, Cyprus, and XM Global operates out of Belize City.
What assets can I trade with XM?
You can trade more than 50 currency pairs, over 1,300 stock CFDs, 100+
traditional stocks, turbo stocks, indices, commodities, futures, and
cryptocurrencies (the latter only in allowed regions).
Does XM offer options, bonds, or ETFs?
No, these assets are not provided.
How do I open an XM trading account?
XM keeps registration simple and supports a broad set of clients worldwide. Always check current requirements and the regional terms before you start trading.
