Overall Rating: ★★★★☆ (4.1/5.0)

XM is a globally recognised forex and CFD broker founded in 2009, offering access to over 1,000 instruments across forex, commodities, indices, stocks, cryptocurrencies, and metals. It is part of Trading Point Holdings Ltd and is regulated by multiple authorities including CySEC (EU), ASIC (Australia), DFSA (Dubai), and FSC (Belize). Known for its low minimum deposit, fast execution, and support for MT4 and MT5, XM is a popular broker for beginners and seasoned traders alike.

This XM review explores its platforms, pricing, regulation, and whether it delivers value and security in 2025.

Key Features

XM offers multiple account types, lightning-fast execution, and some of the most accessible trading conditions on the market.

• Trading Platforms:
  • MetaTrader 4 (MT4)
  • MetaTrader 5 (MT5)
  • Web, desktop, and mobile versions available
• Markets Offered:
  • Forex, commodities, indices, shares, metals, energies, crypto CFDs
  • 1,000+ instruments
• Account Types:
  • Micro, Standard, XM Ultra Low, and Shares Account
• Leverage:
  • Up to 1:30 (EU/AU regulated entities)
  • Up to 1:1000 (offshore clients under FSC Belize)
• Minimum Deposit:
  • $5
• Funding Methods:
  • Bank transfer, cards, Skrill, Neteller, crypto, local methods

Regulation and Security

XM operates under a multi-jurisdictional structure, offering a mix of top-tier and offshore regulation.

• CySEC (Cyprus) – [Licence No. 120/10]
• ASIC (Australia) – [AFSL 443670]
• DFSA (Dubai) – [F006328]
• FSC (Belize) – for global clients
• Segregated client accounts
• Negative balance protection guaranteed
• Investor Compensation Fund (for CySEC clients)

Clients should verify which entity they are registered under to understand their level of protection.

Pricing and Costs

XM’s pricing is competitive and transparent, with both commission-free and raw-spread account options.

• Spreads:
  • From 1.0 pip (Standard/Micro account)
  • From 0.6 pips on Ultra Low accounts
• Commission:
  • Zero commission on most accounts
  • Shares account includes commission
• Deposit/Withdrawal Fees:
  • No deposit or withdrawal fees
• Inactivity Fee:
  • $5/month after 90 days of inactivity

XM is known for fast withdrawals and low costs, particularly for smaller account holders.

Educational Resources and Customer Support

XM stands out for its comprehensive educational suite and multilingual client support.

• Education:
  • Daily webinars in multiple languages
  • Video tutorials, forex basics, and platform guides
• Market Analysis:
  • In-house analyst reports, daily outlooks, and trading ideas
• Customer Support:
  • 24/5 live chat, email, and phone support
  • Multilingual assistance available in over 25 languages

Risk Management Tools

XM integrates useful risk tools into MT4/MT5 while offering platform-level protections.

• Stop-loss, take-profit, and trailing stops
• Margin alerts and automated stop-outs
• Negative balance protection across all entities
• No guaranteed stop-loss orders

Pros and Cons

Pros

• Heavily regulated with CySEC, ASIC, DFSA, FSC
• Low $5 minimum deposit
• MT4 and MT5 support
• Fast execution and fee-free funding
• Strong education and market analysis

Cons

• Offshore regulation for most global clients
• No proprietary trading platform
• No guaranteed stop-loss orders
• Higher spreads on Micro/Standard accounts compared to ECN models

Conclusion: Is XM the Right Choice?

XM is an excellent broker for beginners and intermediate traders, especially those seeking low starting costs, robust education, and a reputable brand. While it lacks some advanced features (like GSLOs or a proprietary platform), its fast execution, global regulation, and client-first policies make it one of the most trusted names in retail trading.