Broker Overview
XM is a globally regulated broker offering forex, CFDs, and commodities trading. Established in 2009, it provides competitive spreads, fast execution, and a user-friendly trading experience.
Trading Server TimeGMT+2
Broker Features
Low Spreads & Fees24/7 Multilingual SupportRegulated Forex BrokerMultiple Funding MethodsIslamic Account OptionHigh-Leverage BrokersBeginner-Friendly Account TypesMT4 & MT5 PlatformsFast Execution & Trade SpeedNegative Balance ProtectionCopy Trading & Signals
Performance Scores
8.6/10
Business Scope
8.4/10
Trading Cost
8.6/10
Trading Platforms
8.7/10
Support
8.7/10
Licence Status
Belize FSC
License #000261/4
AuthorisedDFSA
License #F003484
AuthorisedFCA
License #538324
AuthorisedCySEC
License #120/10
AuthorisedBaFin
License #124161
AuthorisedCNMV
License #2010157773
AuthorisedFSP (New Zealand)
License #FSP235905
AuthorisedASIC
License #443670
AuthorisedCONSOB
License #3046
AuthorisedIFSC
License #000261/309
AuthorisedKey Features
Negative Balance Protection
Prevents traders from losing more than their account balance.
Multiple Trading Instruments
Access to forex, CFDs, stocks, commodities, indices, and cryptocurrencies.
Tight Spreads
Spreads starting from 0 pips for certain accounts.
Fast Execution Speed
99.35% of orders executed in under 1 second.
Multiple Base Currencies
Supports over 11 base currencies for trading accounts.
Islamic Accounts
Swap-free accounts for traders following Sharia law.
Educational Resources
Webinars, tutorials, and market analysis for all levels.
Multilingual Support
24/5 customer service in various languages.
Account Types
Account Details
Min Deposit:5 USD
Max Leverage:1:1000
Min Trade Volume:0.01 lots
Stop Out Level:20%
Commission:None
Spread Type:Variable Spread
Trading Platforms
MT4MT5
Account Currencies
USDEURGBP
Trading Instruments
ForexCFDsMetals
Features
Hedging
Scalping
EA
NBP
Islamic
Copy Trading
Account Details
Min Deposit:5 USD
Max Leverage:1:1000
Min Trade Volume:0.01 lots
Stop Out Level:20%
Commission:None
Spread Type:Variable Spread
Trading Platforms
MT4MT5
Account Currencies
USDEURGBP
Trading Instruments
ForexCFDsMetals
Features
Hedging
Scalping
EA
NBP
Islamic
Copy Trading
Account Details
Min Deposit:50 USD
Max Leverage:1:1000
Min Trade Volume:0.01 lots
Stop Out Level:20%
Commission:None
Spread Type:Low Spreads
Trading Platforms
MT4MT5
Account Currencies
USDEURGBP
Trading Instruments
ForexCFDsMetals
Features
Hedging
Scalping
EA
NBP
Copy Trading
Payments & Platforms
8.5/10
| Method | Commission | Processing Time |
|---|---|---|
| Credit/Debit Cards | No commissions | Instant |
| Bank Transfer | No commissions | 2-5 business days |
| E-wallets | No commissions | Instant |
| Method | Commission | Processing Time |
|---|---|---|
| Credit/Debit Cards | No commissions | 1-2 business days |
| Bank Transfer | No commissions for amounts over $200; $15 fee for amounts under $200 | 2-5 business days |
| E-wallets | No commissions | Instant |
Trading Platforms
MT4 Availability
WindowsiOSAndroidWeb Trader
MT5 Availability
WindowsWeb Trader
Customer Service
Live ChatEmailPhone
Website Languages
EnglishSpanishFrenchGermanItalianPortugueseRussianChineseJapaneseArabicKoreanThaiVietnameseMalayIndonesianHindi
Supported Languages
EnglishSpanishFrenchGermanItalianPortugueseRussianChineseJapaneseArabicKoreanThaiVietnameseMalayIndonesianHindi
Mobile App
Platforms
iOSAndroid
Features
Live TradingCharting ToolsAccount Management
App Stats
Rating: 4.6/5
Downloads: 1,000,000+
Fees & Commissions
Spreads
From 0 pips
Commissions
None
Withdrawal Fees
None for amounts over $200; $15 fee for amounts under $200
Inactivity Fees
$5 per month after 12 months of inactivity
Prohibited Countries
XM does not provide services to residents of the following countries due to regulatory restrictions:
CanadaIranIsraelUnited States
Does NOT Support US Traders
XM does not accept clients from the United States.
Contact Information
Headquarters
Suite 101, 63 Eve Street, Belize City, Belize
Current Promotions
Welcome Bonus
Get a 50% bonus on your first deposit up to $500.
Loyalty Program
Earn points for every trade and redeem them for cash rewards.
Awards & Recognition
Best Forex Broker 2023
Awarded by: Forex Awards
Top CFD Provider
Awarded by: Global Finance
Website Screenshot
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