XM Broker Review
The XM broker was founded in 2009 by a group of interbank dealers looking to expand the forex market’s services. In our XM review, we see that the company has transformed into a broker with many online assets. It has headquarters in the Republic of Cyprus and is registered under the name Trading Point of Financial Instruments Ltd.
XM Group (XM) is a group of regulated online brokers. Trading Point of Financial Instruments Ltd was established in 2009 and it is regulated by the Cyprus Securities and Exchange Commission (CySEC 120/10), Trading Point of Financial Instruments Pty Ltd was established in 2015 and it is regulated by the Australian Securities and Investments Commission (ASIC 443670) and XM Global Limited was established in 2017 and is regulated by the Financial Services Commission (000261/397).
Currently, over 1000 tradable instruments and these includes Forex Trading, Cryptocurrencies, Stock CFDs, Turbo Stocks, Commodities, Equity Indices, Precious Metals, Energies and Shares in more than 190 countries.
XM Broker Review 2025 Quick Summary
| 🏢 Headquarters | Cyprus, Australia, Belize and Dubai |
| 📆 Established | 2009 |
| 🗺️ Regulation | ESMA, CySEC, ASIC, FSC and DFSA |
| 🖥 Platforms | MT4 and MT5 |
| 📉 Instruments | Instruments: Forex Trading, Cryptocurrencies, Stock CFDs, Turbo Stocks, Commodities, Equity Indices, Precious Metals, Energies and Shares. |
| 💳 Minimum Deposit | $5 |
| 💰 Deposit Methods | Multiple local payment methods available |
| 📱 Mobile Trading | Available |
| 🌍 Web Trading | Available |
| 💵Minimum Trade Size | 0.01 |
| 🎢 Maximum Leverage | Maximum Leverage: 1:1000 ((Note: “This leverage is not available to all the entities of the Group. The maximum leverage for clients registered under the EU regulated entity of the Group is 30:1”) |
| 🌍 ECN | Available |
| 🤖 Robots | Available |
| 🎯 Scalping | Allowed |
| ☎ Customer Support | 24/7 |
What We Like About XM
What XM Could Improve
- The trading platforms are limited to MT4, MT5, and Webtrader.
- It is not exactly marketed as a high-volume professional forex broker company.
Regulation
As we mentioned earlier, this company is heavily regulated in many jurisdictions in the world. Some of the most significant regulation agencies that oversee it are:
- The Cyprus Securities and Exchange Commission ( CySEC )
- The Belize Financial Services Commission (FSC)
- The Australian Securities and Investment Commission (ASIC).
- The Dubai Financial Services Authority (DFSA)
All of these regulatory agencies are from first-world countries with strong law enforcement measures in place. When trading with this broker, you will not have to worry about safety. We also found out during this XM review research, that the broker is more widely regulated.
They are registered in over 10 European countries, each with a different regulatory agency like the FSB, AMF, CONSOB, ACP, FIN, KNF, FI, and Europe’s MiFID. Each of these agencies oversees countries like Spain, Italy, Hungary, Poland, Netherlands, Italy, and Sweden.
There is no doubt that XM is one of the leading forex brokers on the planet. To offer additional investor protections, the broker also does the following:
- They have an investor compensation fund under the CySEC jurisdiction of up to €20,000
- Clients enjoy negative balance protection in any jurisdiction so that they never lose more than they deposit.
With their long track record to back all this up, there is nothing to make you feel unsafe at XM.
Bonus for Deposits & Promotions
XM global gives out a non-deposit $50 trading bonus to new clients who have just signed up. They also offers a two-tier bonus on deposits that could go as high as $10,500. To find out more about this, you should read their full terms and conditions to ensure that you are eligible for something.
At the time of writing this XM review, there are promotions where clients get a deposit bonus of up to $500 and up to $10,500.
Clients registered under the Trading Point of Financial Instruments Ltd and Trading Point of Financial Instrument Pty Ltd are not eligible to receive bonuses.
Trading Fees
This is one of the most sensitive areas when it comes to forex trading. It is always good to know how much a broker will charge you to not pay more for less. So, what does XM charge, and is it favorable to you?
Let’s find out.
Usually, we look at how much you have to pay in the standard markets that cut across all brokers. We pick brokers that are comparable in both scale and features and use them as benchmarks. That way, we know how high or low the fees on any broker can get. So, we will look at the details on how much you would pay, trade a certain amount, over one week, on specific XM markets, and other brokers.
As with our other broker reviews, we will pick the stock index, the stock CFDs and Forex. For the index, we will show fees for SPX and EUSTX50. For the stock CFDs, we will look at Apple and Vodafone. The currency pairs include EUR/USD, GBP/USD, EUR/CHF, and AUD/USD. In any trade, we will assume that you buy into a leveraged position for a week and then sell. The trade volume is $2,000 for the stock index and CFDs and $20,000 for the forex pairs.
We will use the following leverages; 1:30 for forex, 1:5 for stock CFDs (you always have to be careful with stock CFDs), and 1:20 for the stock index. The comparison includes commissions, spreads, and other financing rates for XM real accounts and other brokers with similar features.
For comparison, brokers like XTB and eToro, charge about the same. eToro charges $2.4 for the S&P index, $2.7 for EUSTX50 and $6.3 for the Apple CFD fee. They do not have the Vodafone one. XTB, on the other hand, charges $2 for S&P, $2.7 for the EUSTX50, $17.9 for Apple, and $20.9 for Vodafone.
XTB charges $15.0, $11.1, $10.0 and $6.6 for the same pairs, while eToro charges $19.6, $16.2, $12.4 and $11.8 for the same pairs, respectively. As you can see, XM stacks up fairly with higher fees in places and lower in others.
Trading Real Stocks:
Clients outside Europe can trade real stocks on the XM Share account. The commission you pay is dependent on the market you are trading.
NOTE: These figures used are estimates used for benchmarking during the XM review compared with other brokers. Your experience may slightly differ, as the markets tend to change and fluctuate.
Withdrawal and Deposit Options
XM review details show that they have a 0% policy on deposits and withdrawals. All e-wallets, major credit cards, and wire transfers above $200 are all covered. Account funding is instant, with no hidden fees or commissions on withdrawals and deposits.
At the XM broker, there is no actual minimum. Even the $5 minimum deposit is imposed to adhere to the restrictions placed on electronic funding platforms like Skrill and Neteller. You can use Nganluong Wallet, Neteller, Skrill or Online Bank Transfers to withdraw money.
Withdrawal of amounts that are under $200 falls subject to a $15 administration fee. This is not uncommon, either. However, it is a little unusual as it forces the smaller depositor to consider when to make the withdrawal and when to sit tight and wait for the profits to go above $200.
Generally, minimum deposit is great for small-time traders who cannot afford to pay $100 or $200, which is the standard requirement for many competitors who go up against XM.
Deposit & Withdrawal methods depend on the clients’ country of residence and are available in the members area of the client.
Account Opening
Account opening is quite easy and fully digital. All you need to do is make sure that you are giving the correct information. You will also have to be prepared to offer proof of identity and proof of address. Submit a copy of your ID, passport, or other official documentation that’s accepted as proof of identification. For the address, submit a bank statement or other official documents that detail where you live.
Submit the information and wait for approval. After approval, you can fund your account, log in to any of the XM trading platforms, and start trading. There is no limit on the number of XM demo accounts you can open. However, the number of XM live accounts you can open is limited to 10.
Using the same email address for all your additional accounts is always essential. This is so you can manage all the accounts from the same area in the client portal/Members Area. If you want to have a fresh start, you can open a new account with another email address, using the same credentials for identity and address.
XM Account Types
There are four major account types, plus the XM demo account. To understand what XM account types can offer you, we are going to break them down. That way, you will match your ability, strategy, and budget to the right one.
Here are some of the best features our XM review found out about the accounts:
- You can trade both standard and micro-lots.
- There is unlimited access to expert advisor trading on MT4 and MT5.
- You can access technical analysis and free intra-day market updates.
- The execution speeds are the same on all accounts.
With a low and competitive minimum deposit of $5 across all of them, it is correct to say that anyone can open an account. As we mentioned earlier, XM account types are not designed to target high-volume traders. They are ideal for traders who do not stake too much or trade vast amounts.
XM Micro account is low-cost and easy to use. With a low XM minimum deposit of $5, it comes in as one of the cheapest accounts to open.
You can use the leverage of up to 1:1000, without commissions. You will pay broker fees with spreads. There is negative balance protection to ensure that you never lose more money than you deposit.
With the XM micro account, you can open up to 300 positions at the same time.
XM Broker Details
