Broker Overview:
XM
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Trading leveraged financial instruments involves a high level of risk and may not be suitable for all investors.
Quick Overview
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About XM
XM Group (Trading Point Holdings Ltd) is a global broker founded in 2009 that has grown to serve over 10 million clients across 190 countries. The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), the Dubai Financial Services Authority (DFSA), and the International Financial Services Commission (IFSC) of Belize. XM offers trading in forex, stock CFDs, commodity CFDs, equity indices, precious metals, and energies through MetaTrader 4 and MetaTrader 5 platforms. The broker is particularly well-known for its extensive educational program, including daily webinars in multiple languages, and its low minimum deposit requirement of just $5. XM has won numerous industry awards for its trading conditions, customer service, and educational offerings.
Source: XM official website.
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Trading leveraged financial instruments involves a high level of risk and may not be suitable for all investors. You may lose more than your initial investment.
Broker Details
CySEC, ASIC, DFSA, IFSC
$5
MetaTrader 4, MetaTrader 5
Forex, Stock CFDs, Commodities, Indices, Precious Metals, Energies
Micro, Standard, Ultra Low, Shares
24/5 Live Chat, Email, Phone (30+ languages)
Pros & Cons
Advantages
- Very low minimum deposit of $5
- Regulated by multiple tier-1 authorities
- Extensive educational resources and daily webinars
- No requotes, no rejection of orders
- Negative balance protection
Disadvantages
- Limited to MetaTrader platforms only
- Spreads on standard accounts higher than some ECN competitors
- Inactivity fee after 90 days
Fees & Costs
| Spreads | From 0.6 pips (Ultra Low), 1.6 pips (Standard) |
| Commission | $0 (Standard), $3.50 per lot (Shares) |
| Swap / Overnight Fees | Variable, swap-free available for certain regions |
| Inactivity Fee | $5/month after 90 days of inactivity |
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Trading leveraged financial instruments involves a high level of risk and may not be suitable for all investors.
How Does XM Compare?
Side-by-side comparison of XM with other reviewed brokers across key features, fees, and trading conditions.
| Feature | XM | IC Markets | Vantage Markets | RoboForex | PU Prime |
|---|---|---|---|---|---|
| Regulation | CySEC, ASIC, DFSA, IFSC | ASIC, CySEC, FSA (Seychelles) | ASIC, FCA, CIMA | FSC (Belize) | ASIC, FSA (Seychelles), CIMA |
| Min. Deposit | $5 | $200 | $50 | $10 | $20 |
| Platforms | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5, cTrader | MetaTrader 4, MetaTrader 5, ProTrader, Vantage App | MetaTrader 4, MetaTrader 5, R StocksTrader, MobileTrader App | MetaTrader 4, MetaTrader 5, cTrader |
| Spreads | From 0.6 pips (Ultra Low), 1.6 pips (Standard) | From 0.0 pips (Raw), 0.8 pips (Standard) | From 0.0 pips (RAW ECN), 1.4 pips (Standard STP) | From 0.0 pips (ECN), 1.3 pips (Pro) | From 0.0 pips (ECN), 1.3 pips (Standard) |
| Commission | $0 (Standard), $3.50 per lot (Shares) | $3.50 per lot per side (Raw accounts) | $3 per lot per side (RAW ECN), $0 (Standard) | $20 per million (ECN), $0 (Pro/Standard) | $3.50 per lot per side (ECN), $0 (Standard) |
| Instruments | Forex, Stock CFDs, Commodities, Indices, Precious Metals, Energies | Forex, Commodities, Indices, Bonds, Crypto, Futures | Forex, Indices, Commodities, Share CFDs, ETFs, Bonds | Forex, Stocks, Indices, ETFs, Commodities, Metals, Energies | Forex, Indices, Commodities, Share CFDs, Metals, Energies, Crypto |
| Account Types | Micro, Standard, Ultra Low, Shares | Standard, Raw Spread, cTrader Raw | Standard STP, RAW ECN, Pro ECN | Pro, ECN, R StocksTrader, ProCent, Prime | Standard, Pro, ECN, Cent |
| Max Leverage | Up to 1:1000 (varies by jurisdiction and account type) | Up to 1:500 (varies by jurisdiction) | Up to 1:500 (varies by jurisdiction) | Up to 1:2000 (varies by account type) | Up to 1:1000 (varies by jurisdiction) |
| Deposit Methods | Bank Transfer, Credit/Debit Card, Skrill, Neteller, Local Methods | Bank Transfer, Credit/Debit Card, Skrill, Neteller, PayPal, UnionPay | Bank Transfer, Credit/Debit Card, Skrill, Neteller, FasaPay, UnionPay | Bank Transfer, Credit/Debit Card, Skrill, Neteller, Local Methods | Bank Transfer, Credit/Debit Card, Skrill, Neteller, FasaPay |
| Customer Support | 24/5 Live Chat, Email, Phone (30+ languages) | 24/7 Live Chat, Email, Phone | 24/5 Live Chat, Email, Phone | 24/7 Live Chat, Email, Phone | 24/5 Live Chat, Email, Phone |
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Broker links may be affiliate links. We may receive compensation if you register through them. This comparison is for informational purposes only. Source: respective brokers' official websites.
Assessment Summary
XM is a solid all-round broker that excels in accessibility and education. The very low minimum deposit and comprehensive learning resources make it particularly attractive for beginner traders. While experienced traders may find the spread offering less competitive than dedicated ECN brokers, XM's reliability, multi-regulation, and execution quality make it a dependable choice across all experience levels.
This assessment is based on our independent review methodology and does not constitute financial advice.
Frequently Asked Questions
Interested in XM?
Visit the official XM website to learn more about their trading conditions, platform features, and account options. Risk applies to all trading activities.
Visit XM WebsiteThis link may be an affiliate link. We may receive compensation if you register through it.