XM is part of the XM Group, part of Trading Point of Financial Instruments UK Ltd. The company was founded in 2009 and has managed to become one of the largest in the industry. XM has over 1.5 million customers in more than 200 countries. They pride themselves on playing fair, understanding their customers, and being a large company. They provide many valuable opportunities for traders.

This XM review will analyze all the advantages and disadvantages of a broker. We strongly recommend that you read the entire review in its entirety before trading with XM. It is always essential to know as much as possible about any broker before investing money in it. We hope this review will help you make the right decision.

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How to start trading with an XM broker?

How to start trading with an XM broker

The user can open a demo or real account. A demo account with a balance of $100 thousand does not require verification and is opened within ten minutes. But it only gives access to the platform and its main tools. To start full-fledged trading, you need to open a real account.

Real account registration

Step 1. Press the button Open an account, after which a questionnaire will appear, in which enter your data, then select a platform, type of account.

Step 2. Fill out the registration form. Registration data will be sent to the specified email address.

Step 3. Get access to your Personal account and go through verification.

The Personal account has the following options:

  • Management of internal and external transactions. Internal transfers between all types of accounts.
  • Transaction history.
  • Basic account data management.
  • Change in leverage, analysis of open trades, trading history, etc.
  • Affiliate program statistics management.
  • Management of accrued bonuses, viewing statistics of the use of bonuses.
  • Changes to registration data, password change.
  • Access to training materials.
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Customer support at the XM broker

Customer support at the XM broker

XM’s customer service has won numerous awards. They are available 24 hours a day during trading days in fourteen languages. You can contact it by phone or email. 

Their live chats are not displayed on the homepage. You need to go to the main menu and find them. Once you click on the tab, a chat window will appear at the end of the window, and you will have to enter minimum credentials to start a conversation with a representative.

Year of foundation 

XM Group (XM com) has been providing comprehensive brokerage services in the international financial markets since 2009. During this time, the company expanded its presence to 200 countries. The number of the broker’s clients is about 3.5 million traders worldwide.


XM prides itself on its regulation. As they operate in many countries, they follow regulatory standards to prove their reliability to their clients.

XM is regulated by ASIC license number 443670. As well as IFSC number IFSC / 60/354 / TS / 18, CySEC 120/10 and FCA 705428.

ASIC is a financial regulatory institution in Australia. They are strict and demanding. The fact that XM is ASIC regulated is reassuring.

Broker’s awards

Broker’s awards

Overall, XM emphasizes client needs, offering highly competitive terms and a range of services that attract global traders. In addition to excellent results and reputation in the trading community, XM has received truly global recognition with many reputable industry awards, including:

  • Best FX Broker for Europe in 2021
  • Most Reliable Broker in 2021
  • Global Forex Broker of the Year in 2021

Key broker features 

The broker has amassed enough experience to provide the right tools to their traders. It offers over 1000 trading instruments, spreads of just 0.6 pips, leverage up to 1:888, and generous bonuses.

Minimum deposits

Low minimum deposits — just $ 5 to open a live account make XM an excellent beginner broker.

Overall, the trading conditions at XM are good. There are some disadvantages, such as high leverage on small deposits. However, the proposed characteristics outweigh the disadvantages.


It depends on the deposit, the available funds in the account, and the trade size. Check out the list below.

● 1:1 to 1:888 for $5- $20,000

● 1:1 to 1:200 for $20,001- $100,000

● 1:1 to 1:100 for $100,001 and above


XM Broker - Spreads

Average spreads for the industry. Although the lowest available spread is 0.6 pips, it is still not good enough for the industry. Moreover, the lowest spread is presented on a micro account.

Non-trading fees

XM covers all deposit and withdrawal transfer fees for payments from the following payment methods:

  • Neteller & Skrill 
  • Credit cards: including VISA, VISA Electron, MasterCard, Maestro, and China UnionPay
  • Bank transfer: above $200

Another advantage of the XM broker is the absence of a ban on trading strategies using scalping and hedging. You can replenish your account and withdraw funds in several ways. Also, a trader can use advisors. Users are encouraged to take advantage of high-quality, versatile analytics. This will make the job more profitable and successful.

The company regularly distributes various bonuses to its clients. Having an affiliate program allows you to get additional income. Account replenishment and withdrawal of funds are carried out without commissions. Every client is entitled to receive a no deposit bonus. 

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Market coverage

XM provides trading opportunities in forex, stocks, commodities, indices, precious metals, and energies. Therefore, the company has a strong position based on the availability of instruments and diversification opportunities.

Forex trading

XM Broker - Forex trading
  • There are more than 50 trading instruments in majors, minor, and exotic pairs through 16 trading platforms.
  • Leverage is a maximum of 1:888 for all FX pairs.

Stock CFDs

XM Broker - Stock CFDs
  • Besides share trading accounts, XM offers CFDs trading in stocks so that investors can make money from both buying and selling.
  • CFDs are huge, offering over 940 options such as precious metals, oil, stocks and more.
  • XM provides the opportunity of trading stocks from more than 17 countries.
  • There are no extra fees apply.
  • The broker gives instant access to global economies.


XM Broker - Commodities
  • The broker offers commodities trading through most of its trading platforms.
  • There are no stock exchange fees.
  • There are almost ten commodities for trading, including wheat, cocoa, coffee, corn, sugar, etc.

Equity indices

XM Broker - Equity indices
  • Equity indices show the market sentiment and work as an influential price director.
  • There are no extra fees apply.
  • Broker’s clients can trade equity indices, including AUS200, EU50, FRA40, GER30, etc.

Precious metals

XM Broker - Precious metals
  • The broker offers trading in silver and gold from the precious metals, futures CFDs in platinum, and palladium.
  • Broker’s clients can trade with no extra fees.
  • Spreads in gold are as low as 0.3, and for silver, it is 0.03.


XM Broker - Energies
  • XM allows trading in energies like crude oil, Brent oil, and natural gas.
  • The broker provides trade on a margin of as low as $5.


XM Broker - Shares
  • Broker’s clients can buy shares from the USA, the UK, and Germany. 

Trading platforms

XM does not have its trading platform; instead, it uses third-party platforms: MetaTrader 4 and MetaTrader 5. These platforms are very similar in functionality and design. One of the main differences is that you cannot trade stock CFDs on MetaTrader 4; they are only available in MetaTrader 5.

XM Broker - Trading platforms 

XM MT4 platform

XM MT4 platform

It allows trading in a low-cost environment with a maximum of 1:888 leverage. In addition, this platform is easily accessible from both Windows and Mac. 

Other functions are mentioned below:

  • Over 1000 instruments, including FX, CFDs, and futures
  • One single login access to eight platforms
  • Spreads as low as 0.6 pips
  • Three chart types
  • Full EA functionality
  • One-click trading
  • Technical analysis tools with 50 indicators and charting tools
  • Micro lot accounts (optional)
  • Hedging allowed
  • VPS functionality

XM MT5 platform

XM MT5 platform

MT5 is an advanced platform where traders can get the maximum benefit from the market. Moreover, here is the maximum number of timeframes and trading indicators with the opportunity of trading with an EA using the MQL5 languages:

  • Over 1000 instruments, including stock CFDs, stock indices CFDs, FX, CFDs on precious metals, and CFDs on energies
  • One single login to eight platforms
  • Spreads as low as 0.6 pips
  • Full EA functionality
  • One-click trading
  • All order types supported
  • Over 80 technical analysis objects
  • Market depth of latest price quotes
  • Hedging allowed

Mobile Trading

XM Broker - Mobile Trading

XM has an excellent mobile trading platform offered by MetaTrader 4. It is a well-thought-out and user-friendly platform with a good search function. However, Touch / Face ID login is not supported.

Trading accounts

XM Broker - Trading accounts
XM Broker - Trading accounts

What else should you know about XM?

The XM website is straightforward. Everything is listed in their menu. There is no need to open drop-down lists. This is useful when looking for any information about a broker. 

  • The company was founded in 2009
  • More than 1.500.000 international clients
  • Has offices all over the world (Cyprus, Australia, Belize)
  • Huge variety of assets
  • Support and service in international languages
  • Over 15 Forex Boker Awards
  • The site is available in many languages ​​such as English, Malaysian, Chinese, Greek, Russian, Indonesian, French, Italian, German, Polish, Arabic, Spanish, Korean, Portuguese, Vietnamese, and others.
  • XM’s customer service has won numerous awards. 
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