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XM Broker

Discover XM, a leading online broker since 2009, offering diverse trading instruments, robust security, and global reach. Explore competitive conditions and innovative platforms today!

Updated: 14 April 2026

Overall Rating

4.7 / 5

Min Deposit

$5

Instruments

4

Regulation

CySec, BAFIN +8

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About its history and mission

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
Headquarters
Address
Website

Strengths and Weaknesses

Strengths

  • Multiple regulations
  • Extensive instruments offering
  • VPS hosting
  • Thematic indices
  • Robust supporting content
  • Above-average fees
  • No cryptocurrencies
  • Limited platforms offering

Weaknesses

    Safety and Regulations

    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.

    Regulators

    • CySec
    • BAFIN
    • CNMV
    • MNB
    • CONSOB
    • ACPR
    • FIN-FSA
    • KNF
    • AFM
    • FI

    Instruments Available

    ForexSharesIndicesCommodities

    Types of Accounts

    Ultra Low

    Minimum deposit
    $0
    Commission
    0.8
    Available tools
    0
    Leverage
    1:1 to 30:1
    Margin call level
    50
    Stop-out level
    50

    Zero

    Minimum deposit
    $0
    Commission
    0.0
    Available tools
    0
    Leverage
    1:1 to 30:1
    Margin call level
    50
    Stop-out level
    50

    Fees and Charges

    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.

    Trading Platforms

    Customer Support

    Email
    athuldeepu10@gmail.com

    Deposits and Withdrawals

    Deposit and withdrawal details not available. Check the broker’s website for the latest payment methods and processing times.

    FAQ

    Is the broker regulated?
    XM is regulated by CySEC, ASIC, and IFSC, ensuring it provides a secure and transparent trading environment.
    Which platforms are available for trading?
    XM offers MetaTrader 4, MetaTrader 5, XM WebTrader, and mobile app platforms for trading on the move.
    What is the minimum deposit needed to open an account?
    The minimum deposit starts at $5, making XM accessible to everyone.
    What accounts does the broker offer?
    XM provides Micro, Standard, XM Zero, and Islamic accounts to suit a variety of trading needs.
    What fees and commissions are levied?
    Costs include spreads, commissions on XM Zero Accounts, swap rates for overnight positions, and inactivity charges if an account remains dormant.
    What is the highest leverage offered?
    The highest leverage offered is up to 1:888, depending on the account type and regulatory jurisdiction with the broker.
    Does it have demo accounts?
    Yes, XM offers demo accounts with virtual funds so traders can practice and test strategies without risking their money.
    How do I contact the broker?
    You can contact XM through live chat, email, or telephone. Multilingual customer support is available 24/7.

    Users 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