XM

Highly Trusted

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8.94

Trust Score

Pros

Low minimum deposit ($5)
Regulated by top-tier authorities (ASIC, CySEC)
Free VPS service for active traders
No withdrawal fees on most payment methods
Supports MT4 and MT5 platforms
Negative Balance Protection
Offers Micro and Ultra Low accounts

Cons

Inactivity fee charged after 1 year
No cryptocurrency trading for EU clients
Spreads on Standard account are average
No proprietary trading platform (uses MT4/MT5)

Basic Information

Company

XM Global Limited

Region

Belize, Cyprus, Australia

Established

2009

support@xm.com

Phone

+501 223 6696

Website

www.xm.com

User Reviews

David H.

★★★★★

I have been trading with XM for over 3 years now. What I appreciate most is the speed of withdrawals. I usually get my money back to my Skrill account within a few hours. The execution is fair, and I haven't experienced any major slippage.

Sarah L.

★★★★☆

A solid broker for beginners. Their Ultra Low account is great because the spreads are tight and there is no commission. The only downside is that their app could be a bit more modern, but MT4 works fine.

Michael B.

★★★★★

Excellent educational resources. I started with zero knowledge, and their daily webinars helped me understand technical analysis. Support is very responsive via live chat.

Regulation Analysis

Safety of client funds is a priority for XM Group. The broker is regulated by some of the world’s most respected financial authorities, ensuring a high level of safety and transparency:

ASIC (Australia): Trading Point of Financial Instruments Pty Ltd is licensed by the Australian Securities and Investments Commission (Licence No. 443670).
CySEC (Cyprus): Trading Point of Financial Instruments Ltd is regulated by the Cyprus Securities and Exchange Commission (Licence No. 120/10).
FSC (Belize): XM Global Limited is regulated by the Financial Services Commission (Licence No. 000261/309).
DFSA (Dubai): Trading Point MENA Limited is regulated by the Dubai Financial Services Authority (Reference No. F003484).

Additionally, XM provides Negative Balance Protection to all clients, ensuring that traders can never lose more than their account balance. Client funds are kept in segregated bank accounts with investment-grade banks.

Trading Products

XM offers extensive access to the global markets with over 1,000 trading instruments available across 6 asset classes:

Forex: 55+ currency pairs including majors (EUR/USD, GBP/USD), minors, and exotics. Leverage up to 1:1000 is available for non-EU clients.
Stock CFDs: Trade on over 1,200 stocks from global markets including the US, UK, Germany, and France.
Commodities: A wide range of commodities including Cocoa, Coffee, Corn, Wheat, Sugar, and Soybeans.
Indices: Major global cash and future indices like S&P 500, NASDAQ 100, DAX 40, and Nikkei 225.
Precious Metals: Gold and Silver trading with competitive spreads.
Energies: Brent Crude Oil, WTI Oil, and Natural Gas.

Trading Platforms

XM provides the full suite of MetaTrader platforms, known for their reliability and advanced charting tools. These are accessible on PC, Mac, Web, Android, and iOS devices:

MT4 (MetaTrader 4): The industry standard for forex trading. It features 3 chart types, 9 timeframes, and over 50 built-in indicators. It allows for automated trading via Expert Advisors (EAs).
MT5 (MetaTrader 5): An advanced multi-asset platform offering more indicators (80+), more timeframes (21), and a built-in economic calendar. It is ideal for trading stocks and commodities in addition to forex.
XM App: A proprietary mobile app designed for trading on the go, allowing full account management and seamless trading execution.

Deposit and Withdrawal

XM supports a wide variety of payment methods to accommodate clients globally. One of the broker’s biggest advantages is its Zero Fees Policy on deposits and withdrawals.

Credit/Debit Cards: Visa, MasterCard, Maestro (Instant).
Electronic Wallets: Skrill, Neteller (Instant).
Bank Wire Transfer: Available for larger amounts (2-5 business days).

Minimum Deposit: The minimum deposit is just $5 for Micro and Standard accounts, making it very accessible for new traders.

Withdrawal Speed: Withdrawal requests are typically processed by the back office within 24 hours. E-wallet withdrawals are often instant once processed.

Customer Support

XM prides itself on its customer-centric approach. Support is available in over 30 languages, 24 hours a day, 5 days a week (Monday to Friday).

Live Chat: The fastest way to get help. Average response time is less than 1 minute.
Email Support: (support@xm.com) For detailed inquiries.
Telephone Support: Direct lines are available for different regions.

In addition, every client is assigned a Personal Account Manager who can assist with any account-related questions.

FAQ

Q: Is XM safe to trade with?
A: Yes, XM is a highly trusted broker regulated by top-tier authorities including ASIC, CySEC, and FSC.

Q: What is the minimum deposit at XM?
A: The minimum deposit is $5 for Standard and Micro accounts. For the Ultra Low account, the minimum is also $5.

Q: Does XM offer a demo account?
A: Yes, XM offers a free demo account with virtual funds so you can practice trading without risk.

Q: Can I trade cryptocurrencies on XM?
A: Cryptocurrency trading availability depends on your region. It is generally not available for clients under EU regulation.

XM