Overview
XM was established in 2009. Over a decade later, it is now renowned in the online trading business. The exposure that XM has had to these markets over the years is because it has been able to communicate its hallmark of transparency, reliability, and innovation.
- Founded
- 2009
Strengths and watchouts
- Multiple regulations
- Extensive instruments offering
- VPS hosting
- Thematic indices
- Robust supporting content
- Above-average fees
- No cryptocurrencies
- Limited platforms offering
Watchouts are not yet documented for this broker. Review fees, regulation and account terms before opening an account.
Safety and regulation
The regulatory bodies that have jurisdiction over XM include the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the International Financial Services Commission (IFSC). Client funds are segregated from company accounts and are maintained in top-tier bank accounts. Moreover, protection against negative balances means clients cannot lose more than their deposits.
- CySec
- BAFIN
- CNMV
- MNB
- CONSOB
- ACPR
- FIN-FSA
- KNF
- AFM
- FI
Between 70% and 85% of retail investor accounts lose money when trading CFDs with most regulated providers — the exact figure for any specific broker is published on that broker's own website. Consider whether you understand how these instruments work and whether you can afford the high risk of losing your money.
Markets available
- Forex
- Shares
- Indices
- Commodities
Account types
| Account | Min deposit | Commission | Leverage |
|---|---|---|---|
| Ultra Low | $0 | 0.8 | 1:1 to 30:1 |
| Zero | $0 | 0.0 | 1:1 to 30:1 |
Fees and costs
Starting from 0.0 pips on XM Zero Accounts, the operator provides industry-leading spreads. Standard and Micro Accounts do not charge commissions. Islamic accounts do not charge swaps. XM provides open swap rates on the internet. Brokers impose inactivity fees within a standard 90-day dormant period.
Customer support
- athuldeepu10@gmail.com
How we reviewed this broker
Each broker review documents the broker's claimed regulators, cross-references them against the public registers (FCA, CySEC, ASIC, FSCA, BCC and others), and notes any divergence. Where a regulator has issued a public advisory, the URL is cited inline so a reader can verify it directly. Tradable instruments, account types, and fees are sourced from the broker's published disclosures or documented as unavailable. The full scoring methodology is public.
Read the full methodology →Frequently asked questions
Is the broker regulated?
Which platforms are available for trading?
What is the minimum deposit needed to open an account?
What accounts does the broker offer?
What fees and commissions are levied?
What is the highest leverage offered?
Does it have demo accounts?
How do I contact the broker?
Reader reviews
Ahmed Basil
Dec 23, 2024
From my personal experience, I strongly advise against using this brokerage. They denied my withdrawal request without providing any explanation, which felt like a scam. I will never engage with this brokerage again. Additionally, be cautious with their bonuses, as they make it impossible to withdraw any resulting profits.
Athul Deepu
Dec 22, 2024
I recently faced a distressing situation with this company. My account, which had accumulated a profit of $2,074, was suddenly blocked and deleted without any prior notice. Despite reaching out to them via email three times, their responses have been dismissive and unhelpful, directing me to refer to previous communications that I never received. My account number was 314196742, and my email is athuldeepu10@gmail.com. I urge them to stop these unfair practices and allow me access to my earnings.
Malcolm Pereira
Dec 21, 2024
I am incredibly frustrated and disheartened by my recent experience. I was ambitiously working to grow my initial £50 investment to £1000 and had successfully increased it to £400. However, today I encountered a significant setback. When I executed a trade on a forex pair, the position immediately showed a loss of £150, which only worsened. This situation has left me feeling extremely discouraged and upset. I strongly advise others to avoid using this broker due to its unfavorable spreads. I sincerely hope that XM addresses the financial loss I've incurred. Thank you.
Showing 1–3 of 10 reviews