XM review
XM, a well-established broker with over 10 million clients covering over 190 countries, places a strong emphasis on its responsibilities. The company is regulated by reputable authorities such as CySEC (Cyprus), FSC (Belize), ASIC (Australia), and DFSA (Dubai, UAE). Since its establishment in 2009, XM has accumulated over 10 years of practical experience in the brokerage scene, making it a reliable and stable choice for traders. The broker has collected numerous awards, including Best Customer Support (2023), Best CFD Provider (2023, London Wealth Management Awards), and Best Crypto CFDs (2023), among others. XM prioritizes its clients' protection by implementing essential policies. Negative balance protection, segregated bank accounts, and membership in an investment compensation fund act as safeguards to prevent traders from experiencing losses or going into a negative balance in case of unforeseen circumstances. The broker's support extends to more than 30 languages, and they offer free demo accounts and a wealth of educational resources. These resources include video tutorials, live trading webinars, technical summaries, XM TV, and podcasts. XM provides a comprehensive range of market research and trading tools, including Forex calculators, economic calendars, trading ideas, market overviews, and various technical tools. Notably, XM prides itself on its industry-leading execution speeds, boasting a 100% execution rate and real-time market execution.
Countries
Afghanistan, Albania, Algeria, Andorra +171 more
Regulations
ASIC, CySEC, DFSA, FSCA +1 more
Account currencies
AUD, CHF, EUR, GBP +6 more
Assets
CFDs on Stocks, Crypto CFDs, Energies, Indices, Precious metals, Soft Commodities
Platforms
MT4, MT5
Deposit methods
Bank Transfer, Credit Card, Neteller, Perfect Money, Skrill, STICPAY
Others
Segregated accounts, Copy trading, Demo account, ECN, Exotic Pairs, Expert Advisors, Fast withdrawals, Hedging allowed, High leverage, Lowest minimum deposit, Lowest spreads, Micro accounts, Mini lots, Negative balance protection, PAMM, Part of compensation scheme, Provides webinars and seminars, Signals, Swap-free
Promos
Deposit bonus, Free VPS, Welcome bonus, Referral bonus
Visit brokerTraders have a wide range of tradable instruments at their disposal across various asset classes, including Forex pairs, crypto CFDs, stock CFDs, commodities, indices, shares, and turbo shares. XM serves as a trading platform and provides access to the highly popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Getting started is easy, with trading available for as low as 5 USD. XM offers four distinct account types, catering to traders with different levels of experience and budgets. These include the Micro account, Standard account, XM Ultra Low account, and Shares account. All accounts offer leverage of up to 1:1000, enabling traders to trade with a thousand times the value of their account. To ensure protection, all accounts come with negative balance protection. Each account type has its unique features that set it apart from the others. The Micro account requires a minimum deposit of 5 USD and allows for a minimum trading lot size of 0.001 lots. Spreads start from 1 pip on major pairs, hedging is allowed, and an Islamic version of the account is available upon request. The Micro account is commission-free, and both MT4 and MT5 platforms are available. The Standard account shares similar conditions with the Micro account, including a 5 USD initial deposit requirement. However, the minimum lot size is set to 0.01. There are no commissions, and spreads start from 1 pip. Traders can choose between MT4 and MT5 platforms for this account as well. The XM Ultra Low Account offers even lower spreads, starting from 0.6 pips, and also has no commission fees. The same trading conditions apply to this account as the Micro and Standard accounts. For stock traders, XM offers the Shares Account, which does not include leverage. The contract size is set to 1 share, with low commission charges. Hedging is not allowed in this account. Overall, XM provides traders with flexibility, diverse account options, and competitive trading conditions across various asset classes, making it a suitable choice for traders of all levels. If you are searching for a well-regulated broker with low spreads and fees, advanced trading platforms, and low initial deposit requirements, then XM is the broker for you.
