Broker Select → XM

Broker Review

Unlock Your Trading Potential with XM

If you’re looking for a broker that combines cutting-edge platforms, a wide variety of trading instruments, and robust regulatory oversight, XM is an excellent choice. With over 1000 tradable assets, including forex, cryptocurrencies, commodities, stocks, and more, XM is designed to meet the needs of both beginner and advanced traders. Backed by global regulation and innovative risk management tools, XM ensures a secure and user-friendly trading experience for traders across the world.

Unlock Your Trading Potential with Advanced Tools

Min Deposit

5 Regulated.

CySEC , FSC

Founded

2009

Max Laverage

Up to 1:1000

Instruments

1000+

4.7 /5

Rating Info

Visit Broker

Overall Rating:

4.7 /5

XM scores impressively in our comprehensive
BrokersSelect.com review, excelling in various critical areas:

Trading Conditions

4.8 /5

Platforms and Tools

4.7 /5

Customer Service

4.6 /5

Trust and Regulation

4.8 /5

Education and Research

4.4 /5

Deposits and Withdrawal

4.8 /5

Assets Available

4.6 /5

Why Choose XM
as Your Forex Broker

XM offers a unique mix of regulatory backing, advanced trading tools, and educational resources. The broker’s trading platforms are built to cater to all types of traders, from complete beginners to seasoned professionals

Global Regulation & Trader Protection

XM is regulated by multiple globally recognized financial authorities, ensuring high standards of security and trader fund protection

CySEC

XM Group is regulated by the Cyprus Securities and Exchange Commission Based in Cyprus (license number: 120/10 , CySEC ensures compliance with EU regulations. Through CySEC’s investor compensation fund, traders are protected up to €20,000.

FSC

XM Group is regulated by the Financial Services Commission (license number: 000261/4) Operating in Belize, FSC provides regulatory oversight for XM’s international clients outside of Europe and Australia, ensuring fairness in the global market.

Segregated Funds and Negative Balance Protection

XM offers segregated accounts and Negative Balance Protection for all its clients. This means that in the case of extreme market volatility, you cannot lose more than your initial deposit.

Trade Smarter with XM

Gain access to world-class assets, tight spreads, and lightning-speed execution — all under one intuitive dashboard. It’s time to upgrade your trading.

Start My Upgrade Today

Awards and Recognition

XM has received over

60+

international awards, including:

Best Global Forex Broker – World Finance Forex Awards

Best Educational Broker – FX Markets Awards

FX Markets Awards Archive Best Customer Service Broker – World Finance Forex Awards

These accolades reflect XM dedication to excellence and innovation in the trading industry

Wide Range of Trading Instruments and Leverage

XM offers over 50 currency pairs, including majors, minors, and exotics like EUR/USD, USD/JPY, and USD/ZAR. Spreads start from 0.6 pips on the Ultra-Low account, making forex trading cost-efficient for high-volume traders.

Number of Assets

Over 50 currency pairs

Max Leverage

Spreads start from 0.6

Number of Assets

Including the S&P 500, FTSE 100 and DAX 30

Max Leverage

1:20

XM provides a comprehensive range of Equity Indices, allowing traders to speculate on the performance of stock market indices from various global markets, including the S&P 500, FTSE 100, and DAX 30. They also offer Thematic Indices, which are specialized indices focusing on specific sectors or investment themes, giving traders exposure to trends such as tech innovation or green energy. These indices enable clients to trade broad market trends, allowing for diversified market exposure and portfolio management.

Number of Assets

XM offers trading in Turbo Stocks

Max Leverage

1:5

XM offers trading in Turbo Stocks, which are specialized derivatives that provide leverage and the ability to trade on stock movements with limited capital. These instruments offer traders the chance to speculate on both rising and falling prices of popular stocks from major companies worldwide, such as Apple, Tesla, and Amazon. Turbo Stocks provide an efficient way to gain exposure to individual companies with controlled risk and potentially amplified returns due to their leveraged nature.

Number of Assets

60 major cryptocurrency pairs,

Max Leverage

1:2, 1:10, up to 1:100 or more

traders can speculate on some of the most popular digital assets. Cryptocurrencies are available 24/7.

Number of Assets

Shares From Global Markets

Max Leverage

Up to 1:20 or higher

XM provides access to physical shares from global markets, enabling traders to buy and sell actual stocks listed on major exchanges such as the NASDAQ, NYSE, and London Stock Exchange . This allows investors to build a diversified portfolio across various sectors including technology, healthcare, finance, and energy.

Account Types at XM

XM offers a variety of account types designed to cater to the diverse needs of traders:

Standard

Accounts:

Standard Account

Micro Account

Contract Size: 1 Lot=1,000 units Minimum Deposit: $5 Spreads: Starting from 1.6 pips Leverage: Up to 1:1000 Base Currencies: USD, EUR, GBP, JPY, CHF, AUD, ZAR, HUF, PLN,SGD No Commissions Negative Balance protection: Yes Maximum Positions/pending orders per client: 300 Positions Minimum Trade volume : 0.1 lots • Swaps: Yes Islamic Account: Optional Hedging allowed: Yes

Professional

Accounts:

XM Ultra Low Account

Contract size: Ultra Low standard 1 lot= 100,000 units; Ultra Low Micro 1 Lot= 1000 Units Minimum Deposit: $5 Spreads: Starting from 0.8 pips Leverage: Up to 1:1000 Base Currencies: USD, EUR, GBP, AUD,SGD No Commissions Negative balance Protection: Yes Maximum open/pending orders per client: 300 Positions Minimum Trade volume: Ultra Low Standard 0.01 lots; Ultra Low Micro 0.1 lots Hedging allowed: Yes Swaps: No Islamic Account: Optional

Shares Account:

Contract size: Ultra Low standard 1 lot= 100,000 units; Ultra Low Micro 1 Lot= 1000 Units Minimum Deposit: $10 000 Spreads: As per underlying exchange Leverage: No Leverage Base Currency: USD Commissions: Yes Negative balance Protection: Yes Maximum open/pending orders per client: 50 Positions Minimum Trade volume:1 Lot Hedging allowed: No Swaps: No

Islamic

Accounts:

Islamic Account

XM also offers Islamic Accounts for traders who require swap-free trading in compliance with Sharia law.

How to Open an Account with XM:

Built for Speed. Trusted for Results.

XM was designed to keep up with your momentum — whether you’re chasing micro moves or big trends. Instant setup. Serious performance.

Unlock My Account Access

XM Platforms and Tools

XM provides traders with advanced platforms and tools to enhance their trading experience:

MetaTrader 4

Renowned for its user-friendly interface, MT4 offers robust charting tools, multiple timeframes, over 50 technical indicators, and support for Expert Advisors (EAs) for automated trading.

MetaTrader 5

The successor to MT4, MT5 provides additional features such as more technical indicators, timeframes, and the ability to trade more asset classes, including stocks and indices. It also offers an economic calendar and advanced order types.

XM TV

is an online channel providing daily live updates and market news, covering key financial events and trends across global markets. The channel offers market commentary, analysis of major economic events, and discussions on potential trading opportunities. XM TV is an essential resource for traders who want to stay up-to-date with the latest market developments.

Advanced Trading Tools

XM understands that beginner traders need guidance to succeed in the financial markets. To support this, the broker offers a comprehensive range of educational resources

XM supports MT4, MT5, and its own app,
all platforms available on Android, iOS, Mac, and PC.

XM Deposits and Withdrawals

Fast, Simple, and Fee-Free

Visa/Mastercard

1-3 business days for withdrawals.

Bitcoin

1-2 business days for withdrawals.

Bank Transfer:

3-5 business days for deposits and withdrawals.

Perfect Money

1-2 business days for withdrawals.

FasaPay

1-2 business days for withdrawals.

XM supports a wide range of deposit and withdrawal methods, ensuring that traders can manage their funds with ease. The broker does not charge any fees for deposits or withdrawals, making it highly accessible for traders worldwide.

Visa/Mastercard

Instant deposit

Bitcoin

Instant deposit

Bank Transfer:

Instant deposit

Perfect Money

Instant deposit

FasaPay

Instant deposit,

XM does not charge fees for deposits or withdrawals, with the exception of bank transfers under $200, which incur a $15 fee.

BrokersSelect.com

Evaluation Methodology

At BrokersSelect.com, our evaluation is based on a rigorous analysis of critical factors to ensure our reviews are accurate, transparent, and informative:

1. Trading Conditions: We assess spreads, leverage, order execution speed, and trading costs. XM excels with tight spreads, high leverage options, and fast execution speeds due to its advanced technology and liquidity providers.
2. Platforms and Tools: The availability, functionality, and user-friendliness of trading platforms and tools are evaluated. XM offers multiple platforms, including MT4, MT5, and proprietary mobile apps, equipped with advanced features.
3. Customer Service: We evaluate the responsiveness, professionalism, and availability of customer support. XM provides 24/7 multilingual support via live chat, email, and phone, ensuring assistance is always available.
4. Trust and Regulation: The broker’s regulatory status and adherence to financial standards are crucial. XM’s regulation by multiple top-tier authorities enhances its credibility and reliability.
5. Education and Research: The quality and availability of educational materials and research tools are important for trader development. XM offers comprehensive resources catering to traders at all levels.
6. Deposits and Withdrawals: We assess the ease, speed, and cost of funding and withdrawing from accounts. XM stands out with instant processing and a variety of fee-free payment methods.
7. Assets Available: The diversity of tradable instruments is essential for portfolio diversification. XM provides a broad range of assets across multiple classes.

Ready to Dominate the Charts?

XM puts pro-level features in your hands: multi-device support, advanced indicators, and ironclad reliability — all within reach in minutes.

Let’s Get Trading

Help Centre.

Got questions?

1. Is XM a regulated broker?

Yes, XM is regulated by CySEC and FSC ensuring client protection and financial transparency.

Does XM offer a demo account?

Yes, XM offers a free demo account with $100,000 in virtual funds, ideal for practicing strategies risk-free.

What is XM's minimum deposit?

The minimum deposit is $5 for Micro, Standard, and Ultra-Low accounts. , and the Shares account requires $10,000.

What trading platforms does XM offer?

XM offers MetaTrader 4 (MT4), MetaTrader 5 (MT5), XM WebTrader, and a mobile app for iOS and Android.

Are deposits and withdrawals free at XM?

Yes, XM does not charge fees for deposits or withdrawals, except for bank transfers under $200, which incur a $15 fee.