XM is a well-established and tightly regulated Forex broker known for its attractive bonus offers and low trading fees. It distinguishes itself through various partnership opportunities and reliable customer support. With a trust score of 98 out of 99, XM stands out in the industry.
🛡️ Regulated and trusted by the Financial Services Commission (FSC)
🛡️ 6762 new traders chose this broker in the last 90 days.
🛡️ Available for global Traders.
🔎 Broker | 🥇 XM |
📌 Year Founded | 2009 |
👤 Amount of Staff | 450+ employees |
👥 Amount of Active Traders | 5,000,000+ traders worldwide |
📍 Publicly Traded | None |
📈 Regulation | Financial Services Commission (FSC) |
⭐ Safety and Security | High |
📉 Account Segregation | ✅Yes |
📊 Negative Balance Protection | ✅Yes |
💹 Investor Protection Schemes | ✅Yes |
🅰️ Institutional Accounts | None |
🅱️ Managed Accounts | None |
💴 Minor Account Currencies | USD, EUR, GBP, JPY, AUD |
💶 Minimum Deposit | 5 USD |
⏰ Average Deposit/Withdrawal Time | 24 hours |
💵 Fund Withdrawal Fee | None |
💱 Spreads From | 0.6 pips on major pairs |
💷 Commissions | Zero commissions on most account types |
🔟 Number of Base Currencies | 11+ |
💰 Swap Fees | ✅Yes |
📊 Leverage | Up to 1:888 |
💹 Margin Requirements | Variable |
☪️ Islamic Account | ✅Yes |
🆓 Demo Account | ✅Yes |
📈 Order Execution Time | 0.01 seconds |
🖥️ VPS Hosting | Free VPS |
📍 CFDs Total | 1,000+ |
📑 CFD Stock Indices | 14+ |
🍎 CFD Commodities | 8+ |
📌 CFD Shares | 1,200+ |
🅰️ Deposit Options | Bank Wire, Credit/Debit Card, eWallets, Local Payment Methods |
🅱️ Withdrawal Options | Bank Wire, Credit/Debit Card, eWallets, Local Payment Methods |
⭐ Trading Platforms | MetaTrader 4, MetaTrader 5 |
💻 OS Compatibility | Windows, macOS, Android, iOS |
🖥️ Forex Trading Tools | Technical analysis, trading signals, economic calendar, Autochartist |
🩷 Customer Support | Multiple Channels |
🥰 Live Chat Availability | 24/5 |
💌 Customer Support Email | support@xm.com |
☎️ Customer Support Contact Number | +501 223-6696 +501 227-9421 |
💡 Social Media Platforms | Facebook, Twitter, Instagram, LinkedIn, YouTube |
✏️ Languages Supported | 25+ |
📔 Forex Course | ✅Yes |
📚 Webinars | ✅Yes |
📒 Educational Resources | Video tutorials, trading guides, market analysis, blog |
🤝 Affiliate Program | ✅Yes |
🗃️ Amount of Partners | 100,000+ |
🗄️ IB Program | ✅Yes |
🏆 Sponsors events or teams | ✅Yes |
🏷️ Rebate Program | ✅Yes |
🔖 Cent or Micro Accounts | ✅Yes |
🚀Open an Account | 👉 Click Here |
Min Deposit
USD 5
Regulators
FSC, DFSA, CySEC, ASIC, FSCA
Trading Platform
MT4, MT5, XM App
Total Pairs
55
Islamic Account
Yes
Trading Fees
No hidden fees
Account Activation
24 Hours
XM Review – Analysis of Brokers’ Main Features
- ☑️ Overview
- ☑️ Detailed Summary
- ☑️ Safety, Security, and Regulation
- ☑️ Advantages over Competitors
- ☑️ Cashback Rebates, Affiliate Programs, and, Partnership Options
- ☑️ Bonus offers and Promotions
- ☑️ Minimum Deposit and Account Types
- ☑️ How to Open an XM Account
- ☑️ Trading Platforms
- ☑️ Trading Assets
- ☑️ Fees, Spreads, and Commissions
- ☑️ Deposits and Withdrawals
- ☑️ Education and Research
- ☑️ Customer Reviews
- ☑️ Pros and Cons
- ☑️ Conclusion
- ☑️ Frequently Asked Questions
Overview
XM Group is a global leader in providing top-tier trading conditions, serving over 15 million clients from over 190 countries. The company prides itself on offering exceptional trading experiences for all clients, regardless of account size. With over 8.5 billion trades executed and zero requotes or rejections, XM Group has earned a reputation for transparency and reliability.
Their commitment to fairness and human-centered service ensures that every client has the same opportunity to achieve their investment goals. The company’s award-winning customer support team speaks over 30 languages, ensuring that assistance is always available when needed.
XM Group pioneered the no requotes, no rejections policy, ensuring that trades are executed in less than one second, with 99% of them executed at real-time market prices.
Frequently Asked Questions
What makes XM Group different from other trading platforms?
XM Group is known for its strict no requotes and no rejections policy, which guarantees that trades are executed at real-time market prices. Their commitment to fairness ensures that all clients, regardless of account size, have access to the same excellent trading conditions.
How many trades have been executed on XM Group’s platform?
XM Group has successfully executed over 8.5 billion trades with zero requotes or rejections, reflecting the platform’s efficiency and reliability.
What kind of customer support does XM Group provide?
XM Group’s customer support team is award-winning, offering assistance in over 30 languages to clients from around the world. They are dedicated to providing a top-notch experience for every trader.
How fast are trades executed on XM Group?
XM Group ensures that 99% of all trades are executed in less than one second, providing clients with quick and seamless trade executions that align with real-time market prices.
Our Verdict
XM Group offers a powerful, user-friendly trading experience with unbeatable conditions, such as zero requotes, zero rejections, and lightning-fast trade executions. With a strong focus on fairness and personalized service, XM Group stands out as a trusted choice for traders globally.
Min Deposit
USD 5
Regulators
FSC, DFSA, CySEC, ASIC, FSCA
Trading Platform
MT4, MT5, XM App
Total Pairs
55
Islamic Account
Yes
Trading Fees
No hidden fees
Account Activation
24 Hours
Detailed Summary
🔎 Broker | 🥇 XM |
📌 Year Founded | 2009 |
👤 Amount of Staff | 450+ employees |
👥 Amount of Active Traders | 5,000,000+ traders worldwide |
📍 Publicly Traded | None |
📈 Regulation | Financial Services Commission (FSC) |
⭐ Safety and Security | High |
📉 Account Segregation | ✅Yes |
📊 Negative Balance Protection | ✅Yes |
💹 Investor Protection Schemes | ✅Yes |
🅰️ Institutional Accounts | None |
🅱️ Managed Accounts | None |
💴 Minor Account Currencies | USD, EUR, GBP, JPY, AUD |
💶 Minimum Deposit | 5 USD |
⏰ Average Deposit/Withdrawal Time | 24 hours |
💵 Fund Withdrawal Fee | None |
💱 Spreads From | 0.6 pips on major pairs |
💷 Commissions | Zero commissions on most account types |
🔟 Number of Base Currencies | 11+ |
💰 Swap Fees | ✅Yes |
📊 Leverage | Up to 1:888 |
💹 Margin Requirements | Variable |
☪️ Islamic Account | ✅Yes |
🆓 Demo Account | ✅Yes |
📈 Order Execution Time | 0.01 seconds |
🖥️ VPS Hosting | Free VPS |
📍 CFDs Total | 1,000+ |
📑 CFD Stock Indices | 14+ |
🍎 CFD Commodities | 8+ |
📌 CFD Shares | 1,200+ |
🅰️ Deposit Options | Bank Wire, Credit/Debit Card, eWallets, Local Payment Methods |
🅱️ Withdrawal Options | Bank Wire, Credit/Debit Card, eWallets, Local Payment Methods |
⭐ Trading Platforms | MetaTrader 4, MetaTrader 5 |
💻 OS Compatibility | Windows, macOS, Android, iOS |
🖥️ Forex Trading Tools | Technical analysis, trading signals, economic calendar, Autochartist |
🩷 Customer Support | Multiple Channels |
🥰 Live Chat Availability | 24/5 |
💌 Customer Support Email | support@xm.com |
☎️ Customer Support Contact Number | +501 223-6696 +501 227-9421 |
💡 Social Media Platforms | Facebook, Twitter, Instagram, LinkedIn, YouTube |
✏️ Languages Supported | 25+ |
📔 Forex Course | ✅Yes |
📚 Webinars | ✅Yes |
📒 Educational Resources | Video tutorials, trading guides, market analysis, blog |
🤝 Affiliate Program | ✅Yes |
🗃️ Amount of Partners | 100,000+ |
🗄️ IB Program | ✅Yes |
🏆 Sponsors events or teams | ✅Yes |
🏷️ Rebate Program | ✅Yes |
🔖 Cent or Micro Accounts | ✅Yes |
🚀Open an Account | 👉 Click Here |
Frequently Asked Questions
What is XM’s policy on re-quotes and rejections?
XM follows a strict “no re-quotes, no rejections” policy, guaranteeing that your orders are executed at the best available price without interference. This ensures that trades are executed at real-time market prices, with no delays or price alterations.
Does XM offer any bonuses or promotions?
Yes, XM offers various bonuses and promotions, such as deposit bonuses, loyalty programs, and trading incentives. To view the latest offers and their terms, please visit the “Promotions” section on the XM website.
How can I access trading education resources with XM?
XM provides a wide range of educational resources to help traders of all levels, including webinars, live seminars, video tutorials, and trading guides. These materials can be accessed through the “Education” section on the XM website, where you’ll find resources tailored to your needs.
How can I open an account with XM?
To open an account, simply complete the registration form on the XM website. You will need to provide personal details, verify your identity, and choose your preferred account type. XM offers a straightforward sign-up process, ensuring you’re ready to start trading in no time.
Our Verdict
XM blends extensive industry expertise with a client-focused approach, delivering fast and reliable trade execution along with a strict “no re-quotes, no rejections” policy. Their commitment to offering support in over 30 languages, combined with a high level of transparency, makes XM an excellent choice for both novice and experienced traders. With competitive trading conditions and ample educational resources, XM provides a comprehensive and accessible trading platform.
Min Deposit
USD 5
Regulators
FSC, DFSA, CySEC, ASIC, FSCA
Trading Platform
MT4, MT5, XM App
Total Pairs
55
Islamic Account
Yes
Trading Fees
No hidden fees
Account Activation
24 Hours
Safety, Security, and Regulation
At XM Group, your safety and security are top priorities. The company is fully authorized and regulated by respected regulatory bodies, ensuring that all clients can trade with confidence. XM Global Limited is registered with the Financial Services Commission (FSC) under the Securities Industry Act 2021, with license number 000261/4.
This regulatory oversight ensures XM adheres to strict industry standards, safeguarding both your funds and personal information. With robust security measures in place, XM offers clients peace of mind, knowing their trading experience is protected by global financial regulations and advanced security technologies.
Frequently Asked Questions
Is XM Group regulated?
Yes, XM Group is authorized and regulated by the Financial Services Commission (FSC) under the Securities Industry Act 2021. This regulation ensures that client funds and personal data are fully protected under strict regulatory standards.
What is the Financial Services Commission (FSC)?
The FSC is the regulatory authority responsible for overseeing financial institutions in various jurisdictions. It ensures that companies comply with industry standards to protect consumers and the financial system. XM Global Limited is licensed by the FSC to provide secure and reliable trading services.
How does XM ensure the safety of my data?
XM Group uses industry-leading encryption technologies and security protocols to protect your personal and financial data. The company complies with strict data protection regulations, ensuring that your privacy is safeguarded at all times.
Can I trust XM Group with my funds?
Yes, XM Group is fully regulated, and client funds are held in segregated accounts, which ensures they are kept separate from the company’s own funds. The oversight from reputable regulatory bodies, such as the FSC, provides an additional layer of protection for your investments.
Our Verdict
XM Group’s commitment to safety and security is clear through its strict regulatory compliance and adherence to global industry standards. As a licensed entity under the Financial Services Commission, XM offers a secure and trustworthy trading environment.
The company safeguards client funds by keeping them in segregated accounts and employs advanced encryption technologies to protect personal information. With strong regulatory oversight and robust security measures in place, XM Group is a reliable and secure choice for traders looking to invest with confidence.
Min Deposit
USD 5
Regulators
FSC, DFSA, CySEC, ASIC, FSCA
Trading Platform
MT4, MT5, XM App
Total Pairs
55
Islamic Account
Yes
Trading Fees
No hidden fees
Account Activation
24 Hours
Advantages over Competitors
XM offers several key advantages over its competitors, including No Re-Quotes or Rejections, Ultra-Fast Execution, and Broad Regulatory Coverage. Additional benefits of trading with XM include:
- Diverse Account Types
- Comprehensive 24/7 Support
- Global Reach with Local Engagement
- Negative Balance Protection
- Extensive Educational Resources
- Multiple Payment Options
In addition, XM features tight spreads and transparent trading conditions, with no hidden fees, ensuring cost-effective trading.
Frequently Asked Questions
What does XM mean by “no re-quotes or rejections”?
XM guarantees that all trade orders are executed at the best available price, with no re-quotes or rejections. This means that once you place an order, it will be processed exactly as requested, with no changes or delays.
How fast is XM’s trade execution?
XM ensures ultra-fast trade execution, with 99.35% of orders completed in under one second. This quick execution ensures your trades are carried out promptly and accurately, without slippage.
How does XM support its clients?
XM provides 24/7 customer support in over 30 languages, ensuring that clients can get timely and effective assistance whenever needed. Their support team is available around the clock to help with any inquiries or issues.
What is XM’s approach to global client engagement?
XM places a strong emphasis on personal connections by visiting over 120 cities worldwide. This local engagement helps build strong relationships with clients and partners, ensuring that the company’s services meet the diverse needs of traders across the globe.
Our Verdict
XM stands out with its “no re-quotes or rejections” policy, ultra-fast trade execution, comprehensive regulatory oversight, and exceptional customer support, making it an ideal choice for traders who value reliability, transparency, and excellent service. With its diverse account options, educational resources, and strong global presence, XM offers a comprehensive and trustworthy trading experience.
Min Deposit
USD 5
Regulators
FSC, DFSA, CySEC, ASIC, FSCA
Trading Platform
MT4, MT5, XM App
Total Pairs
55
Islamic Account
Yes
Trading Fees
No hidden fees
Account Activation
24 Hours
Cashback Rebates, Affiliate Programs, and, Partnership Options
Unlock unlimited earning opportunities with XM’s Partner Program. This program allows you to earn commissions on all trades made by your referrals, as well as additional rewards through a generous sub-affiliate system. Benefit from instant payments and withdrawals, ensuring that you can access your earnings whenever needed.
Stay motivated with XM’s loyalty program, which offers exciting cash prizes, and enjoy extra trading bonuses when you transfer commissions to your trading account.
Take full advantage of these benefits and maximize your potential with XM’s comprehensive Partner Program.
Frequently Asked Questions
How do I earn commissions with XM’s Partner Program?
You earn commissions from every trade made by those you refer, plus an additional 10% from the earnings of your sub-affiliates. The more people you refer and the more they trade, the higher your commissions will be.
When can I withdraw my commissions?
XM offers instant payments, meaning you can withdraw your commissions at any time. This gives you full control over your earnings with no delays.
What is the loyalty program, and how do I benefit?
XM’s loyalty program rewards you with cash prizes for your ongoing partnership. The more you promote XM and the longer your relationship with the platform, the more loyalty rewards you can earn.
Are there any bonuses for transferring my commissions to my trading account?
Yes! XM offers additional trading bonuses when you transfer your earned commissions to your trading account, enhancing your trading experience and boosting your potential for success.
Our Verdict
XM’s Partner Program provides a powerful opportunity for individuals looking to earn without limits. With unlimited commissions, instant payouts, loyalty rewards, and additional trading bonuses, it offers a comprehensive and flexible way to maximize your earnings.
Whether you’re new to affiliate marketing or an experienced promoter, XM equips you with all the tools you need to succeed and unlock your full earning potential.
Min Deposit
USD 5
Regulators
FSC, DFSA, CySEC, ASIC, FSCA
Trading Platform
MT4, MT5, XM App
Total Pairs
55
Islamic Account
Yes
Trading Fees
No hidden fees
Account Activation
24 Hours
Bonus offers and Promotions
XM’s promotions are designed to help you maximize your trading experience by offering exclusive rewards, bonuses, and benefits. From deposit bonuses that boost your trading power to a loyalty program that allows you to earn redeemable XM Points, XM ensures you’re rewarded at every step of your journey.
Participate in monthly competitions for a chance to win big prizes, refer friends to earn even more, and enjoy Free VPS services to speed up your trades. With zero hidden fees, XM makes sure your money works for you, providing more value with every trade.
Frequently Asked Questions
What is the Deposit Bonus, and how does it work?
The Deposit Bonus is designed to boost your trading power by offering you extra funds when you deposit into your account. The bonus itself is not withdrawable, but any profits generated from the bonus are available for withdrawal.
How does the Loyalty Program benefit me?
As you trade, you accumulate XM Points, which can be redeemed for credit bonuses. The more you trade, the more points you earn, and these points can be converted into additional trading credit to enhance your trading power.
What are the competitions, and how do I participate?
XM hosts monthly competitions where you can compete for exciting prizes. The more you trade, the higher your chances of winning, so join in and trade to increase your chances of claiming the top rewards.
Are there any fees involved with XM’s services?
No, XM does not charge any hidden fees. You can trade with full transparency, knowing that your money is being put directly into your trades without any additional costs.
Our Verdict
XM’s promotions provide an array of attractive opportunities to enhance your trading experience. With deposit bonuses, a rewarding loyalty program, and monthly competitions, XM ensures you are continually rewarded for your trades.
The zero-fee structure, along with the free VPS service, makes trading even more efficient, while the referral program offers an additional way to boost your earnings. For traders seeking added benefits and rewards, XM delivers excellent value through its comprehensive promotional offerings.
Min Deposit
USD 5
Regulators
FSC, DFSA, CySEC, ASIC, FSCA
Trading Platform
MT4, MT5, XM App
Total Pairs
55
Islamic Account
Yes
Trading Fees
No hidden fees
Account Activation
24 Hours
Minimum Deposit and Account Types
XM Group offers a variety of account types to cater to different trading needs and preferences. The Standard Account, with a minimum deposit of just $5, is popular for its bonuses, competitive spreads (starting at 1.6 for EUR/USD), and broad market access, including Forex, stocks, and cryptocurrencies. It offers leverage up to 1,000:1 and a 20% stop-out level, along with swap-free and commission-free trading.
The Ultra Low Account, also requiring a minimum deposit of $5, offers tighter spreads (as low as 0.8 for EUR/USD) and is ideal for high-volume traders. The Shares Account, with a minimum deposit of $10,000, is tailored for those looking to trade individual stocks, offering a 1:1 leverage ratio and swap-free, commission-free trading.
All accounts include negative balance protection, hedging capabilities, and an Islamic account option. A demo account is also available for practice without financial risk.
Frequently Asked Questions
What is the minimum deposit required to open an account with XM Group?
The minimum deposit varies depending on the account type. The Standard and Ultra Low Accounts require a $5 deposit, while the Shares Account requires a $10,000 deposit.
What are the spreads like on the different account types?
Spreads vary by account type. The Standard Account offers spreads starting at 1.6 for EUR/USD, while the Ultra Low Account provides tighter spreads, starting at 0.8 for EUR/USD.
Is there any commission charged on trades?
No, XM Group offers commission-free trading across all account types, including the Standard and Ultra Low Accounts.
What features are available across all account types?
All account types include negative balance protection, hedging, and an Islamic account option, providing enhanced security and flexibility for traders.
Our Verdict
XM Group offers a comprehensive selection of account types, each tailored to meet the needs of different traders. Whether you’re a beginner with the Standard Account or a high-volume trader using the Ultra Low Account, XM provides competitive spreads and flexible conditions to suit every trading style.
For those interested in stock trading, the Shares Account offers a great platform for investing directly in individual companies, with no commissions and a relatively low deposit requirement.
With added features like negative balance protection, XM Group ensures a secure and accessible trading environment for traders at all experience levels.
Min Deposit
USD 5
Regulators
FSC, DFSA, CySEC, ASIC, FSCA
Trading Platform
MT4, MT5, XM App
Total Pairs
55
Islamic Account
Yes
Trading Fees
No hidden fees
Account Activation
24 Hours
How to Open an XM Account
Opening an XM Account is a straightforward 3-step process:
1. Step 1: Open an Account.
Click on the “Open an Account” button located on the XM Website.
2. Step 2: Complete the Registration.
Complete the Registration form with Basic personal information. Select an XM Account Type, set up a Password, and review all Terms and Conditions.
3. Step 3: Email Verification.
Verify the Account via the email received. Traders will be required to click on the “Validate Your Account Button” and Upload the necessary documentation.
Min Deposit
USD 5
Regulators
FSC, DFSA, CySEC, ASIC, FSCA
Trading Platform
MT4, MT5, XM App
Total Pairs
55
Islamic Account
Yes
Trading Fees
No hidden fees
Account Activation
24 Hours
Trading Platforms
XM offers two powerful trading platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), along with a mobile app to ensure seamless trading on the go.
MetaTrader 4 (MT4)
MT4 is a widely used, user-friendly platform renowned for its customization options and advanced technical analysis tools. It offers multi-language support and a broad range of indicators and drawing tools, making it suitable for traders of all experience levels.
MetaTrader 5 (MT5)
MT5 is the upgraded version of MT4, offering additional features such as support for both hedging and netting. It also includes an economic calendar, which helps traders stay informed about key market events, allowing them to make well-informed trading decisions.
Mobile App
The XM mobile app is available for both Android and iOS devices. It features secure login options like fingerprint and face recognition, real-time alerts, advanced charting tools, and full trading functionality. This app enables you to trade and monitor the markets from anywhere, providing flexibility and convenience.
Frequently Asked Questions
What is the difference between MetaTrader 4 (MT4) and MetaTrader 5 (MT5)?
MT4 is a user-friendly platform known for its customization features and advanced technical analysis tools. MT5, the upgraded version, adds additional features such as support for both hedging and netting, along with an economic calendar to help traders make better-informed decisions.
Can I trade on the go with XM?
Yes, XM offers a mobile app for both Android and iOS, enabling you to trade and track the markets from anywhere. The app includes real-time alerts, charting tools, and secure login options like fingerprint and face recognition.
Is MT4 suitable for all levels of traders?
Yes, MT4 is designed to be intuitive and accessible for traders of all experience levels. It offers a wide range of indicators, drawing tools, and customization options, making it versatile for both beginners and advanced traders.
Does MT5 offer any additional features compared to MT4?
Yes, MT5 includes extra features such as support for hedging and netting, as well as an economic calendar to keep you updated on market events, helping traders make more informed decisions.
Our Verdict
XM provides versatile and robust trading platforms with MT4 and MT5, catering to traders of all skill levels. MT4 is ideal for those seeking an intuitive platform with advanced analytical tools, while MT5 builds upon MT4’s foundation with additional features like hedging, netting, and an economic calendar to further enhance trading decisions.
Min Deposit
USD 5
Regulators
FSC, DFSA, CySEC, ASIC, FSCA
Trading Platform
MT4, MT5, XM App
Total Pairs
55
Islamic Account
Yes
Trading Fees
No hidden fees
Account Activation
24 Hours
Trading Assets
XM offers a wide variety of trading options with access to 55 currency pairs, including major, minor, and exotic pairs. In addition to forex trading, the platform provides the following assets:
- 31 cryptocurrencies
- 1,337 stock CFDs
- 8 commodities
- 20 equity indices
- 5 precious metals
- 8 unique energy commodities
Moreover, XM also provides direct access to 100 individual shares, allowing traders to invest in specific companies and diversify their portfolios.
Frequently Asked Questions
What types of currency pairs can I trade with XM?
XM offers 55 currency pairs, including major, minor, and exotic pairs, giving forex traders a wide range of options.
How many cryptocurrencies can I trade on XM?
You can trade 31 cryptocurrencies on XM, offering a diverse selection for traders interested in digital assets.
What commodities are available for trading on XM?
XM offers 8 different commodities, providing opportunities to trade popular assets like oil, gold, and more.
Can I trade individual company stocks on XM?
Yes, XM provides direct access to 100 individual shares, allowing you to trade stocks from specific companies.
Our Verdict
XM offers a comprehensive range of assets, ensuring a diverse trading experience. With access to 55 currency pairs, 31 cryptocurrencies, and over 1,300 stock CFDs, the platform caters to traders across various markets.
The inclusion of commodities, precious metals, energy commodities, and individual stocks further enhances the trading opportunities available. Whether you’re interested in forex, stocks, or digital assets, XM offers ample options for traders to diversify their portfolios and optimize their strategies.
Min Deposit
USD 5
Regulators
FSC, DFSA, CySEC, ASIC, FSCA
Trading Platform
MT4, MT5, XM App
Total Pairs
55
Islamic Account
Yes
Trading Fees
No hidden fees
Account Activation
24 Hours
Fees, Spreads, and Commissions
XM offers competitive fees, spreads, and commission structures across its various account types, providing traders with flexible conditions. The Standard Account, with a minimum deposit of just $5, features spreads starting at 1.6 for EURUSD. The Ultra Low Account, designed for high-volume traders, offers even tighter spreads, beginning at 0.8 for EURUSD, helping to minimize costs.
Both the Standard and Ultra Low Accounts are commission-free and offer swap-free options. The Shares Account, which requires a $10,000 deposit, is tailored for stock trading and also comes with commission-free and swap-free conditions.
All accounts benefit from features such as negative balance protection, hedging, and the option for an Islamic account.
Frequently Asked Questions
What is the minimum deposit required to open an account with XM Group?
The minimum deposit for the Standard and Ultra Low Accounts is $5, while the Shares Account requires a deposit of $10,000.
What are the spreads like on XM Group accounts?
The Standard Account offers spreads starting from 1.6 for EURUSD, while the Ultra Low Account provides tighter spreads, starting from 0.8 for EURUSD.
Are there any commissions charged on trades?
No, XM Group offers commission-free trading across all account types, including the Standard, Ultra Low, and Shares accounts.
Can I trade shares with XM Group?
Yes, the Shares Account allows you to trade individual stocks, with a minimum deposit of $10,000.
Our Verdict
XM Group stands out with its transparent and competitive fee structures, making it a strong choice for traders at all levels. With low spreads, commission-free trading, and swap-free options, the Standard and Ultra Low Accounts offer excellent value, especially for high-volume traders. The Shares Account is ideal for stock traders, providing commission-free access to individual stocks with a reasonable minimum deposit.
Min Deposit
USD 5
Regulators
FSC, DFSA, CySEC, ASIC, FSCA
Trading Platform
MT4, MT5, XM App
Total Pairs
55
Islamic Account
Yes
Trading Fees
No hidden fees
Account Activation
24 Hours
Deposits and Withdrawals
XM supports a variety of payment methods for both deposits and withdrawals, ensuring flexibility and convenience. Deposit options include credit/debit cards, bank transfers, and e-wallets such as Skrill, Neteller, and WebMoney, with a minimum deposit requirement of just $5.
Deposits are processed quickly, with instant transactions available for most methods.
Frequently Asked Questions
What payment methods does XM support for deposits?
XM supports a range of payment methods for deposits, including credit and debit cards, bank transfers, and e-wallets such as Skrill, Neteller, and WebMoney.
What is the minimum deposit required for an XM account?
The minimum deposit required for most XM accounts is USD 5.
How quickly are deposits processed?
Deposits are generally processed instantly for credit/debit cards and e-wallets. Bank wire transfers may take 1 to 3 business days.
Are there any fees associated with deposits and withdrawals?
XM does not charge fees for deposits or withdrawals. However, some payment providers may impose their fees or charges.
Our Verdict
XM offers a streamlined and flexible approach to deposits and withdrawals, supporting various payment methods with minimal fees and quick processing times. This makes it convenient for traders to manage their funds efficiently and without added costs.
Min Deposit
USD 5
Regulators
FSC, DFSA, CySEC, ASIC, FSCA
Trading Platform
MT4, MT5, XM App
Total Pairs
55
Islamic Account
Yes
Trading Fees
No hidden fees
Account Activation
24 Hours
Education and Research
XM Group’s Learning Centre offers a comprehensive selection of educational resources designed for traders of all experience levels. With free webinars, daily market analysis, and live sessions such as “Forex Power Hour” and “US Market Open Hour,” traders can learn at their own pace.
Expert instructors provide valuable insights on strategies, technical indicators, and macroeconomic events, helping traders make well-informed decisions and enhance their skills.
Whether you’re a beginner or an experienced trader looking to refine your strategy, XM’s educational content is tailored to support your growth.
Frequently Asked Questions
What educational resources are available at XM Group?
XM Group offers a wide array of resources, including free webinars, live trading sessions like “Forex Power Hour” and “US Market Open Hour,” daily market analysis, and detailed guides on various trading strategies.
Can I access XM’s educational content in my language?
Yes, XM provides webinars in multiple languages, ensuring you can learn in the language you’re most comfortable with.
Do I need to be an experienced trader to benefit from XM’s Learning Centre?
No, XM’s Learning Centre is suitable for traders of all levels. The content covers everything from basic strategies to advanced techniques, catering to both beginners and experienced traders.
Are the live education sessions free?
Yes, all live educational sessions offered by XM, including webinars and market analysis, are completely free to access.
Our Verdict
XM Group’s Learning Centre is a valuable resource for traders at any stage of their journey. With a wealth of free educational content, expert-led insights, and multilingual options, it’s an excellent platform to enhance trading skills and make more informed decisions.
Whether you’re new to trading or looking to deepen your expertise, XM’s comprehensive educational tools will support your growth and development as a trader.
Min Deposit
USD 5
Regulators
FSC, DFSA, CySEC, ASIC, FSCA
Trading Platform
MT4, MT5, XM App
Total Pairs
55
Islamic Account
Yes
Trading Fees
No hidden fees
Account Activation
24 Hours
Customer Reviews
🥇 Highly recommend XM!
XM has been an excellent trading platform for me! As a beginner, I found their Learning Centre incredibly helpful—there are so many free resources available, from webinars to live sessions, that helped me understand the basics and advanced strategies.
The platform itself is user-friendly, and I appreciate the wide range of assets to trade. The low minimum deposit is also a big plus. Overall, I’m impressed with XM and would highly recommend it to both new and experienced traders. – Heather
🥈 Best for Beginners.
I’ve been trading with XM for over a year now, and I couldn’t be more satisfied. The spreads are tight, and the platform is smooth and reliable. I’ve also taken advantage of the regular market analysis and live trading sessions, which have been great for improving my strategies.
Their customer service is top-notch and always ready to assist. I also love the fact that XM offers negative balance protection, which gives me added peace of mind when trading. Highly recommended for anyone looking for a trustworthy broker. – Michael.T
🥉 Comprehensive tools and Reliable execution.
XM is hands down one of the best platforms I’ve used. The variety of assets available for trading is exceptional, from forex and stocks to cryptocurrencies. What stands out to me is their commitment to education. The free webinars and live sessions, like ‘Forex Power Hour,’ have been crucial in helping me refine my trading strategies.
The fact that XM provides commission-free trading with tight spreads makes it an even better choice for active traders. I’m very satisfied with my experience so far! – Paul
Pros and Cons
✅ Pros | ❌ Cons |
Highly Regulated | Inactivity Fees |
Diverse Account Types | No U.S. Clients |
Low Minimum Deposit | Higher Spreads on Select Accounts |
No Requotes | Withdrawal Fees |
Tight Spreads | High Leverage Risks |
Multiple Platforms | Account Verification Process |
Variety of Instruments | Limited Proprietary Tools |
Free VPS Hosting | Language Support Limitations |
Multilingual customer support | Geographic Restrictions |
Conclusion
XM excels in delivering a superior trading experience with its extensive global reach and diverse account options. Its commitment to ethical trading practices, coupled with outstanding customer support and advanced platforms, makes XM a standout choice for traders of all levels.
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Frequently Asked Questions
What is XM?
XM is a prominent global Forex broker founded in 2009. It provides trading services across a range of assets, including currencies, CFDs, equity indices, precious metals, and energy commodities. XM serves over 10 million clients in more than 190 countries.
What makes XM different from other brokers?
XM distinguishes itself with its policy of no re-quotes or rejections, quick trade execution, and dedication to fair trading conditions. It also offers support in over 30 languages and includes Negative Balance Protection for added security.
How can I reach XM customer support?
XM offers 24/7 customer support through multiple channels such as live chat, email, and phone. For further details, visit the “Contact Us” section on the XM website.
What trading platforms does XM provide?
XM offers a variety of trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are available for desktop, mobile, and web access.
What types of accounts are available at XM?
XM provides a selection of account types, including Standard, Micro, and XM Zero accounts, each designed with different features and trading conditions to meet diverse trader needs.
Are there any hidden fees or charges?
XM prides itself on transparency, ensuring that there are no hidden fees or charges. All trading costs are presented, with competitive spreads and no re-quotes.
What payment methods are accepted?
XM supports over 25 secure payment methods, including credit/debit cards, bank transfers, and popular e-wallets.
Are there any fees for deposits or withdrawals?
XM does not impose any fees for deposits or withdrawals. However, your payment provider may charge a fee. Please check with your provider for any applicable costs.
How long does it take to process withdrawals?
XM processes most withdrawal requests within 24 hours. The exact time it takes for the funds to reach your account depends on the payment method used.
What features are available with all account types?
All account types come with Negative Balance Protection, the ability to hedge, and the option for an Islamic account, offering enhanced flexibility and security for traders.