XM Review 2026
Read our detailed XM broker review to know about its safety, account types, regulations, spreads and whether XM is a trusted broker.
XM is a famous and multi-regulated online broker with a lot of trading methods such as Forex, Stocks, Commodities, Indices, Energies, and Crypto CFDs. It is mostly known for its low deposit option, high leverage, low spreads and negative balance protection. The company offers a smooth and safe trading environment for the traders, so that they can get the best trading experience and can maximize their profit.
Currently, they are serving 15+ million users from 190+ countries, and every client gets the same trading conditions regardless of their account type. 30+ languages are available on every platform, users can trade and get support services in their local languages. Also, XM has achieved dozens of awards in different categories for their excellent forex trading platform and services.
XM gives access to the clients from Europe, Asia, Middle East, Africa and many other countries where online trading is permitted. Though they provide their services in a lot of countries, they don’t accept traders from the USA, Canada, Israel, and Iran.
XM Group has earned a reputation as one of the most reliable brokers in the financial industry, achieving an FXR Overall Score of 9.1 out of 10. After analyzing the company’s trading environment and user reviews collected on FXR, financial analyst Derrick E. Bell confirms that most clients are highly satisfied with XM’s platform and services.
XM Broker is well-suited for professional and experienced traders. Its trading conditions are competitive with industry standards, and the broker offers several advanced features that give it an edge over many competitors.
FXR Expert Advice
XM Group provides a versatile range of trading assets — from forex pairs to stocks, indices, crypto, and metals. With platforms like MT4, MT5, and the XM App, traders can choose an environment that suits their strategy. Regulated by CySEC and FSC, XM operates across 190+ countries. Its execution speed is top-tier, completing over 99% of trades almost instantly, with competitive spreads and regional leverage options.
On the downside, XM still leans heavily on MetaTrader, limiting traders seeking platform diversity. While fees are mostly reasonable, forex spreads can be slightly above average. It lacks PAMM accounts and has restricted crypto tools — possibly a deal-breaker for some. But overall, XM is well-suited for traders who value execution speed and a secure, global trading environment.
Reliability matters to you. XM is licensed and operates in 190+ countries with a strong global presence.
You want to keep learning. XM offers education tools, live webinars, and local seminars in over 120 cities.
You rely on platforms other than MetaTrader. XM does not support cTrader, RTrader, or similar options.
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Comparison of XM Group with other Brokers
| Feature | XM Group | Eightcap | RoboForex | Exness | NPBFX |
|---|---|---|---|---|---|
| Trading platform | MT4, MT5, MobileTrading, XM App | MT4, MT5, TradingView | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Exness Trade App, Exness Terminal, MetaTrader4/5 | MT4 |
| Min deposit | $5 | $100 | $10 | $10 | $10 |
| Leverage | From 1:1 to 1:30 | From 1:30 to 1:500 | From 1:1 to 1:2000 | From 1:1 to 1:2000 | From 1:200 to 1:1000 |
| Trust management |  | | | | |
Pros & Cons
XM is a famous forex broker, serving their clients proudly for 15 years. Here are some pros which makes them an excellent broker and some cons that they should consider to improve:
- It is a reputable multi regulated and licensed broker, committed to provide best security to their clients.
- 24/7 support services are available in 30+ languages.
- All their platforms come with advanced technology and user friendly interface even in the mobile.
- Minimum deposit only starts at $5! Can you imagine this? It is suitable for beginners who don’t want to take high risk.
- The registration process is very fast, you can open an account within a minute.
- Very tight spreads, you can trade with spreads as low as 0.8 pips.
- You can start trading with just $5 for most accounts
- You can choose from several account types to match your trading style
- Several respected financial authorities keep an eye on them
- All accounts come with protection against negative balances
- They don’t charge you for deposits or withdrawals (except bank wires under $200)
- They offer great learning materials for traders at all levels
- You can get help 24/7 in over 30 languages
- Their platforms run and execute trades
- XM charges an inactivity fee, if you don’t use your account for a long time. This is not a good side compared to other brokers, most of the online brokers don’t cost any inactivity fee.
- Though it is a beginner friendly platform, they offer very limited tools and instruments, which isn’t suitable for the experienced traders.
- The Broker mainly depends on MT4 and MT5 and doesn’t offer any customized company platform.
XM Account Types & Options
XM offers four main types of accounts and Micro, Standard, Ultra Low account has options to use Islamic swap free method.
| Account Type | Currencies | Min Deposit | Leverage | Starting Spreads | Demo Account | Commission | Max Lot | Min Lot |
|---|---|---|---|---|---|---|---|---|
| Micro Account | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, SGD, ZAR | $5 | 1:1000 | From 1.0 pips | Yes | No | 100 lots | 0.01 lots |
| Standard Account | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, SGD, ZAR | $5 | 1:1000 | From 1.0 pips | Yes | No | 50 lots | 0.01 lots |
| XM Ultra Low Account | EUR, USD, GBP, AUD, ZAR, SGD | $5 | 1:1000 | From 0.6 pips | Yes | No | 100 lots | 0.01 lots |
| Shares Account | USD | $10,000 | 1:1 | 0.8 pips | Yes | Yes | 100 lots | 0.01 lots |
Note: you can’t use Islamic swap free option in the Share Account, and for an islamic account you have to request them manually, it doesn’t come by default. This is a weakness of XM. As many brokers now offer swap-free accounts by default, XM could consider making this option available by default as well.
XM Broker Type
XM is a forex and CFD broker, and it gives direct access to the global market for real stock trading. It mainly runs under a No Requotes and No Rejections execution model. The service provider gives access to a wide range of trading instruments, like, forex, commodities, indices, cryptocurrencies, and shares. It is a beginner friendly broker as deposit starts only at $5 on all types of accounts. Also, XM is suitable for professional traders as it supports MT4 and MT5 platforms.
According to XM, 11.7+ billion trades executed with zero requotes or rejections, and there is no hidden cost. They are very transparent about pricing and most account types are commission- free. The company has built long-standing and strong partnerships with top global banks to ensure your money is always secure. Moreover, they hold strong privacy policies to avoid any conflicts or misunderstandings.
Important Note: Crypto CFDs availability depends on regulation and location.
XM Trading Platform & Fees
XM offers two main platforms, MT4 and MT5 and one mobile app available on iOS and Android.
MT4 Platform
It is available on web, desktop and mobile versions and it supports 50+ technical indicators, advanced charting tools and fast execution speed. You can enjoy one click trading with lower cost as spreads are very low. Whether you are using it from Web or mobile it gives you the same hassle free experience.
MT5 Platform
MT5 also has the same features like MT4, available on web, desktop and mobile apps. It is one of the best multi-asset platforms with 58+ technical indicators and 44 analytical objects. You can trade automatically instantly with a one click trading system, and can open a big number of orders. Also has lower spreads that are cost effective for the clients.
XM Mobile App
XM has developed a mobile app to make trading simple and easier. It offers instant deposit and withdrawals any time, real time support services and advanced charting and analytical tools. Users can open an account from the app within a minute and XM claims that it is an all- in- one award winning app.
Fees
All XM Trading Platforms including mobile apps are free to use, also there is no deposit and withdrawal fees charged by XM. This broker offers commission free trading in most of their accounts types, costs are mainly related to spreads.
Micro and Standard accounts spreads start from 1.0 pip on major currency pairs like, EUR and USD. XM ultra low account spreads from 0.6 pips, XM zero account spreads from 0.0-01 pip on major, and $3.50 commission are charged per standard lot because of tighter spreads. Also, swap fee will be applied if you aren’t enabled swap free option.
XM Regulations & Compliance
The company is regulated by multiple reputable regulatory authorities such as Financial Services Commission (FSC) of Mauritius, Seychelles Financial Services Authority (FSA), and Financial Services Commission (FSC) of Belize. Depending on the client’s region, XM is regulated by bodies such as the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC). XM always thinks about traders’ money and data security, they don’t share any client data to any third party according to data protection law and regulations. They provide a secured trading environment so that users can trade confidently and feel secure.
Under all the regulations, XM maintains segregation of client funds, obeys the Anti Money Laundering and Know Your Customer policy strictly. They follow fair trading practices, and provide transparent pricing, risk disclosure to their customers. With all these strong rules it has become a compliant, well known trading platform even for the retail traders. Furthermore, XM has a strong security posture and skilled security team to prevent any data breaches, and keep sensitive information safe.
Service Details
XM broker delivers 24/7 support services in 30+ languages, that is very impressive. They provide services through email, live chat, phone calls, and respond to the clients instantly.
| Service Name | Details |
|---|---|
| Supported Languages | English, Greek, Chinese (Simplified & Traditional), Bahasa Malay, Bahasa Indonesia, Korean, Russian, French, Spanish, Italian, German, Polish, Hindi, Arabic, Portuguese, Czech, Slovakian, Bulgarian, Romanian, Bengali, Urdu, Thai, Nepali, Tagalog, and others. |
| Customer Service Channel | Live Chat, Email, Phone Calls |
| Service Hours | 24/7 |
| Email Response | support@xm.com |
Note: Live Chat and instant support services are available 24/5, and other support services are automatic responses which are 24/7 available.
Trading Tools & Instruments
XM comes with a wide range of trading tools and instruments to make trading easier and faster. With super fast execution speed, they give easy access to 1400+ global assets to their users based on the account type they are using. Also, Traders can access all types of forex pairs like major, minor or exotic, stock indices, commodities such as gold, silver, oil, metals, energies, cryptocurrencies (as CFDs), and shares through a dedicated shares account.
All the trading platforms of XM offer advanced charting tools, multiple timeframes, technical indicators and automated trading methods. Additionally, they deliver other tools like economic calendars, market analysis, trading signals, and educational resources such as webinars and tutorials. With a simple interface beginners can start trading with them easily.
XM platform supports copy trading too, accessible from MT4 and MT5. This is perfect for the traders who prefer to follow and replicate the strategies of experienced investors.
Deposit & Withdrawal
XM offers instant and smooth deposit and withdrawals process and doesn’t charge any withdrawals or deposit fee. 92.9% of their withdrawals process are approved automatically. Traders can use bank transfer, credit/debit cards, master cards and popular online payment systems, which are available in their local area for deposit and withdrawal money. The service provider follows KYC and Anti Money Laundering rules strictly for deposit and withdrawals methods.
XM makes sure that customer funds are always safe and they don’t charge any hidden fees. Fees can be added for the payment method that you are using or the bank may charge you based on the amount you are withdrawing.
Bonus & Promotion
XM regularly offers bonuses and promotions for their users, to make trading interesting and enjoyable. Previously in 2025 they have run a special anniversary promotion ‘15th Anniversary Deposit Bonus’ where customers can get 100% deposit bonus up to $1500. Currently, they are offering a 50% deposit bonus up to $500, but the bonus is not withdrawable; only the profit you generate from the bonus can be withdrawable.
They also offer unlimited cashback promo seasonally and other prize money benefits for the traders to keep them engaging. But bonuses are not available under CySEC entities, please always check and verify on their official website for any ongoing bonus and promotion.
Education & Learning Materials
XM offers a lot of learning materials to educate their users. They have a dedicated learning center, live education system where they provide tips, training through virtual webinars and pdfs. Moreover, They regularly publish blogs on different topics related to trading, user experience and other skills traders should know about. Their learning materials are enough for a beginner to learn the basics before starting trading and suitable for the professional traders who need daily tips to improve their trading knowledge.
FAQs of XM
Final Thoughts
Overall, XM is a trusted and reputable broker which is suitable for all types of traders. If XM develops its own trading platform instead of relying only on MT4 and MT5, it would make the broker more competitive in the market. Beginners can start only at $5 while professional and experienced traders can go for a Shares account. It is a flexible and secured online trading platform with transparent pricing, competitive spreads and highest profits. Customers who love to get bonuses on a daily basis and exciting prizes can give it a try.
RISK DISCLOSURE:
DISCLAIMER:
DISCLOSURE
