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XM Review

XM Review

 

Overall, XM can be summarised as a trustworthy broker that provides Contracts for Difference (CFDs) and low spreads on 1000+ trading instruments. XM is regulated by one tier-2 regulator and one tier-3 regulator.  XM has a trust score of 96 out of 100.

 

🔎 Broker🥇 XM
💰 Min. Deposit$5 USD
✒️ RegulationFSC / CySEC
💸 Trading Fee ClassLow
❌ Inactivity Fee☑️ Yes
💳 Withdrawal FeeNo
🆓 Demo Account✅ Yes
🚀 Open an Account👉 Click Here

 

Overall Rating

4.5/5

Rated #68 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

IFSC, CySec, ASIC

📱 Trading Desk

MT4

Crypto

Yes

📈 Total Pairs

55

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

XM

 

XM Review – 19 Key Point Quick Overview

 

  1. ☑️ XM Overview
  2. ☑️ XM Safety and Security
  3. ☑️ XM Sign Up Bonus
  4. ☑️ XM Minimum Deposit Bonus
  5. ☑️ XM Account Types
  6. ☑️ How to Open an XM Account – Step by Step Guide
  7. ☑️ XM Islamic Account
  8. ☑️ XM Demo Account
  9. ☑️ XM Trading Platforms
  10. XM Fees, Spreads, and Commission
  11. XM Deposit and Withdrawal
  12. XM Affiliate Program
  13. XM Loyalty Program
  14. XM Best Countries by Traders
  15. XM vs OctaFX vs IC Markets – a Comparison
  16. XM Customer Reviews
  17. XM Pros and Cons
  18. Conclusion
  19. Frequently Asked Questions

 

XM Top Bar

XM Overview

 

XM Group is a MetaTrader-only broker that is known to offer an outstanding selection of high-quality educational content and market research.  XM is available globally and has some of the lowest fees in the industry.

 

🔎 Broker🥇 XM
💰 Min. Deposit$5 USD
✒️ RegulationFSC / CySEC
💸 Trading Fee ClassLow
❌ Inactivity Fee☑️ Yes
💳 Withdrawal FeeNo
🆓 Demo Account✅ Yes
🚀 Open an Account👉 Click Here

 

XM Landing Page

 

XM Safety and Security

 

XM is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the International Financial Services Commission (FSC).  XM offers 25+ secure payment methods, Negative Balance Protection and is trusted by over 5,000,000 clients in over 190 countries from across the globe.

 

XM Safety and Security

 

XM Sign Up Bonus

 

XM does offer a two-tier deposit bonus.  The XM deposit bonus is structured as a +50% bonus up to $500 USD.  The minimum deposit amount required to open an XM trading account is $5 USD.

 

🔎 Broker🥇 XM
🎉 Deposit Bonus✅ Yes
1️⃣ Tier-1 Bonus %50%
🎁 Tier-1 Bonus AmountUp to $500 USD
2️⃣ Tier-2 Bonus %20%
🎁 Tier-2 Bonus AmountUp to $4500 USD
☑️ AvailableMT4 / MT5 Accounts
✋ Not AvailableUltra Low Account
💳 Withdrawable BonusNo
🚀 Open an Account👉 Click Here

 

XM 2 Tier Deposit Bonus

 

XM Minimum Deposit Bonus

 

The minimum deposit amount required to register an XM live trading account ranges from $5 USD – $10’000 USD. XM makes three live trading accounts available, the Micro Account, Standard account, XM Ultra Low, and Shares Account.

 

🔎 XM Account💰 Minimum Deposit🚀 Open an Account
🥇 Micro Account$5 USD👉 Click Here
🥈 Standard Account$5 USD👉 Click Here
🥉 XM Ultra Low Account$5 USD👉 Click Here
🏅 Shares Account$10'000 USD👉 Click Here

 

XM Min Deposit 1 XM Min Deposit 2

 

XM Account Types

 

XM makes three live trading accounts available, the Micro Account, Standard account, XM Ultra Low, and Shares Account.  The minimum deposit amount required to register an XM live trading account ranges from $5 USD – $10’000 USD.

 

🔎 XM Account🥇 Micro Account🥈 Standard Account🥉 XM Ultra Low Account🏅 Shares Account
💰 Min Deposit$5 USD$5 USD$5 USD$10'000 USD
❤️ Negative Balance Protection☑️ Yes✅ Yes☑️ Yes✅ Yes
🔃 Spreads from1 Pip1 Pip0.6 PipsAs per the underlying exchange
💸 Commission FeeNoNoNo☑️ Yes
☪️ Islamic Option☑️ Yes✅ Yes☑️ Yes✅ Yes
🚀 Open an Account👉 Click here
👉 Click Here
👉 Click Here
👉 Click Here

 

XM Account Types

 

How to Open an XM Account – Step by Step Guide

 

1.  Step 1:  Start the Application Process.

The account application process can be started by clicking on the Green “Open a live Account Here” button located on the brokers’ webpage.

 

XM Account 1

 

2.  Step 2:  Personal and Trading Account Details

The applicant will be required to complete an application form by using their first name and surname as they are displayed in the applicant’s identity document.

 

XM Account 2 XM Account 3

3. Step 3:  Complete Registration.

In order to complete the registration, the applicant will be required to complete sections of information, including Personal details, Investor information, Trading Knowledge, and Experience.

 

XM Account 4 XM Account 5 XM Account 6

 

XM Islamic Account

 

XM offers four Islamic, Swap-Free account options – Micro Swap-Free, Standard Swap-Free, Ultra Low Swap-Free, and Shares Swap-Free.  XM Extended Swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries.  The Client Services Team will assist applicants through the process of opening an XM Islamic, Swap-Free account.

 

🔎 Broker🥇 XM
💰 Min. Deposit$5 USD
✒️ RegulationFSC / CySEC
💸 Trading Fee ClassLow
❌ Inactivity Fee☑️ Yes
💳 Withdrawal FeeNo
🆓 Demo Account✅ Yes
🚀 Open an Account👉 Click Here

 

XM Min Deposit 1

XM Islamic Account

 

XM Demo Account

 

XM does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment. The XM demo account does not expire. The XM Demo account is virtually funded and simulates real trading conditions.

 

🔎 Broker🥇 XM
🆓 Demo Account✅ Yes
⏳ AvailabilityNon-Expiry
💰 CostFree
🚀 Open an Account👉 Click Here

 

XM Demo Account

 

XM Trading Platforms

 

XM makes the popular MetaTrader suit – MetaTrader4 and MetaTrader5 available for PC/MAC, Smartphones and, Tablets.

 

🔎 Platform🥇 MT5🥈 MT4
⌛ Timeframes219
⚙️ Tech. Indicators3830
📊 Analytical Objects4431
✅ Economic Calendar☑️ Yes❌ No
🚀 Platform Speed64 bit32 bit
💻 Order ExecutionMarket ExecutionMarket Execution
📈 Pending Order Types64
📌 Hedging☑️ Yes☑️ Yes
☑️ Strategy TesterMulti ThreadedSingle Thread

 

XM Trading Platforms

 

XM Fees, Spreads, and Commission

 

Trading with XM will involve fees from $5 USD, Spreads from 0.6 Pips, and commission-free trading depending on the account traders select. The minimum deposit amount required to register an XM live trading account ranges from $5 USD – $10’000 USD.

 

🔎 XM Account🥇 Micro Account🥈 Standard Account🥉 XM Ultra Low Account🏅 Shares Account
💰 Min Deposit$5 USD$5 USD$5 USD$10'000 USD
❤️ Negative Balance Protection☑️ Yes✅ Yes☑️ Yes✅ Yes
🔃 Spreads from1 Pip1 Pip0.6 PipsAs per the underlying exchange
💸 Commission FeeNoNoNo☑️ Yes
☪️ Islamic Option☑️ Yes✅ Yes☑️ Yes✅ Yes
🚀 Open an Account👉 Click here
👉 Click Here
👉 Click Here
👉 Click Here

 

XM Fees and Spreads

 

XM Deposit and Withdrawal

 

XM offers a wide range of payment options for deposits/withdrawals including multiple credit cards, multiple electronic payment methods, bank wire transfers, local bank transfers, and other payment methods.  The XM back office will process a withdrawal request within 24 hours.

 

XM Deposit and Withdrawal

 

XM Affiliate Program

 

XM does make an Affiliate program available in the form of an IB – Introducing Broker Option.  Affiliates can earn a commission of up to $35 USD per friend referred to XM.

 

XM Affiliate Program

 

XM Loyalty Program

 

XM does make a Loyalty Program available to active Traders.  Clients can Trade and earn XM Points that can be redeemed for credit bonus rewards.

 

XM Loyalty 1 XM Loyalty 2

 

 

 

 

XM Best Countries by Traders

 

🌍 Country of Trade📌 % of Traders
🥇 Thailand18.38
🥈 South Africa8.96
🥉 Egypt8.72
🏅 Colombia7.50
🏅 Morocco5.66
🏅 Other50.78

 

XM Countries

 

XM vs OctaFX vs IC Markets – a Comparison

 

🔎 Broker🥇 XM🥈 OctaFX🥉 IC Markets
💰 Min. Deposit$5 USD$25 USD$200 USD
📊 Tradeable Symbols1372523583
📈 Forex Pairs572861
⚡ Average Spread1.60.60.62
🚀 Open an Account👉 Click Here
👉 Click Here
👉 Click Here

 

XM Comparison

 

XM Customer Reviews

 

Great Start!

I had a nice experience with XM. They gave me a welcome bonus to test the broker and it was amazing.  I’m a very happy client! – Gabrielle

 

TrustPilot 5 Star

 

Past my Expectations!

XM offers the best level of support I have ever received from a broker! Excellent! – Amy

 

TrustPilot 4 Star

Full Offering.

XM is trustworthy and professional with reasonable costs, nice promotions, and competition. – Justin

 

TrustPilot 3 Star

 

XM Pros and Cons

 

✅ Pros❌ Cons
Low stock CFD withdrawal feesLimited product portfolio
Fast account openingAverage forex fees
Great educational toolsNo investor protection for non-EU clients

 

 

Overall Rating

4.5/5

Rated #68 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

IFSC, CySec, ASIC

📱 Trading Desk

MT4

Crypto

Yes

📈 Total Pairs

55

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

XM

 

Conclusion

 

Overall, XM can be summarised as a trustworthy broker that is regulated by one tier-2 regulator and one tier-3 regulator.  XM has a trust score of 96 out of 100.

 

 

You might also like:  XM Review (2022)

You might also like:  XM Sign Up Bonus

You might also like:  XM Minimum Deposit

You might also like:  XM Account Types

You might also like:  XM Demo Account

You might also like:  XM Islamic Account

You might also like:  XM Fees, Spreads, and Commission

 

 

Disclaimer

 

XM.com warns all potential customers that Forex and CFDs trading always carries a high level of risk and may not be suitable for all investors.  Before deciding to trade the products offered by XM.com, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.

 

 

Frequently Asked Questions

 

Is XM a trustworthy broker choice?

Yes, XM is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the International Financial Services Commission (FSC).

 

Do I get rewarded for signing up with XM?

Yes, XM does offer a two-tier deposit bonus.  The XM deposit bonus is structured as a +50% bonus up to $500 USD.

 

What is the minimum deposit amount I need to deposit with XM?

The minimum deposit amount required to register an XM live trading account ranges from $5 USD – $10’000 USD.

 

What XM Live accounts can I choose from?

XM makes three live trading accounts available, the Micro Account, Standard account, XM Ultra Low, and Shares Account.

 

How do I Trade with XM?

XM makes the popular MetaTrader suit – MetaTrader4 and MetaTrader5 available for PC/MAC, Smartphones, and tablets.

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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