Regulations
CySEC, Cyprus (120/10); ASIC, Australia (443670); FSC, Belize (000261/309); DFSA, UAE (F003484); FSCA, South Africa (49976); FCA, UK (705428)
Trading Platforms
MT4, MT5, XM App
Max Leverage
1:1000
Max Bonus
50%
Max CPA
$1,000
Min Deposit
$5
Min Stop-Out
20%
Min Spread
0.0
XM is a global forex and CFD broker established in 2009, serving over 15 million clients in more than 190 countries.
The broker offers access to over 1,400 instruments including forex, stocks, indices, commodities, precious metals, energies and cryptocurrencies.
Deposit & Withdrawal: Credit/debit cards, bank transfers and e-wallets such as Skrill and Neteller
Review Consensus: Traders praise the broker for low minimum deposits, tight spreads, reliable execution. Some reviews note that standard spreads can be higher than competitors. Overall, XM is considered a broker suitable for traders from novice to pros.
The Good:
- User-friendly proprietary platform with advanced charting, algo trading and copy trading
- Comprehensive educational hub featuring live webinars, tutorials, daily market analysis and tools like Trading Central
The Bad:
- Inactivity fees after 90 days
Unique Features:
- $30 no-deposit bonus for new clients, allowing risk-free trading
- Swap-free Islamic accounts for Muslim traders