Big, Established and Experienced
With over 2,500,000 clients since it was founded in 2009, XM has grown to a large and well established international investment firm and has become a true industry leader.
XM is currently built of more than 450 professionals with long-year experience in the financial industry.
Our extensive experience combined with support for well over 30 languages, makes XM the broker of choice for traders of all levels, anywhere. We have the expertise and the resources to help everybody realize their investment goals, like only a big broker can.
- Over 2,500,000 clients
- Traders from 196 countries
- 25+ secure payment methods
- 16 full feature trading platforms
- More than 30 languages supported
- 24/5 personal customer service
XM Summary
XM account opening is hassle-free and straightforward. Your account is ready for trading on the same day.
PROS
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- Fast
- Fully digital
- Very low minimum deposit
CONS
hmm, not at the moment
Can you open an account?
XM accepts customers from all over the world. There are only a few exceptions. For example, you can't open an account from the USA, Canada, China, Japan, New Zealand, Israel, etc.
What is the minimum deposit at XM? The required XM minimum deposit is $5 for standard and micro accounts. It is very low, almost no minimum deposit.
XM has low trading and average non-trading fees.
XM fees Information
| Assets | Fee level | Fee terms |
|---|---|---|
| US stock | Low | The fees are built into spread. 0.2 is the average spread cost |
| EURUSD | Average | The fees are built into spread, 1.6 pips is the spread cost |
| US tech fund | - | Not available |
| Inactivity fee | Average | Inactivity fee of $5 / month after 90 days. if balance reaches $0 account is archived. |
Non-trading fees
XM has average non-trading fees. There is no account fee and withdrawal fee for withdrawals above $200. There is an inactivity fee of $5 per month after 90 days of inactivity. This keeps charged monthly until your balance reaches $0, in which case your account is archived.XM's Deposit and Withdrawal are cost-friendly, fast, and can be done in several forms.
- Credit/Debit card available
- No deposit fee
- Quick deposit and withdrawal - within 3 days
- $15 fee for withdrawals less than $200
At XM, you can trade only with CFDs, forex, and cryptos.
It lacks real stocks, ETFs, mutual funds, bonds, options, and futures. XM is a CFD and forex broker with a high amount of currency pairs offered. On the flip side, the amount of CFDs they offer is lower compared to some XM alternatives.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
The web trading platform of XM is provided by MetaTrader. It is highly customizable, available in a lot of languages, and has a clear fee report. On the negative side, it lacks a two-step login and the design is outdated.`
- Clear fee report
- Good customizability (for charts, workspace)
- Wide variety of languages
- No two-step (safer) login
- No price alerts
- Poor design
| Trading platform | Score | Available |
|---|---|---|
| Web | 3 / 5 stars | Yes |
| Mobile | 4 / 5 stars | Yes |
| Desktop | 3 / 5 stars | Yes |
| Arabic | Bulgarian | Chinese | Croatian | Czech | Danish |
| Dutch | English | Estonian | Farsi | French | German |
| Greek | Hebrew | Hungarian | Indonesian | Italian | Japanese |
| Korean | Latvian | Lithuanian | Malay | Mongolian | Polish |
| Portuguese | Romanian | Russian | Serbian | Slovak | Slovenian |
| Spanish | Swedish | Tajik | Thai | Turkish | Uzbek |
| Vietnamese |
XM is regulated by top-tier regulators, like FCA. It is a well-established brand but it is not listed on any exchange, does not disclose financial information and does not have a bank parent.
- Majority of clients belong to a top-tier financial authority
- High level of investor protection
- Negative balance protection
- Does not hold a banking license
- Not listed on stock exchange
- Financial information is not publicly available
How you are protected
XM operates more subsidiaries and depending on your residency, one of these subsidiaries will serve you.This is important for you because the investor protection amount and the regulator differ from entity to entity.
XM's customer service is fast and available in a lot of languages. There are email, phone, and live chat too. However, they are not always the most relevant and available 24/5 only.Pros
- Live chat
- Fast response time
- Available in local languages
- Missing 24/7
- Sometimes irrelevant answers
- live chat
- telephone
Our Review
We chose to stick with XM as one of our broker of choice even after trying a few other good brokers. I find their execution great and their fees more reasonable than many others. Highly recommended for beginners and advanced traders. I do not understand where the complaints come from.
For us 5 years business with them everything is good.
The first is the risk of LR accounts, they have overcome and kept excellent reputation. Then the crisis at Cyprus, they are still very good and maintain their reputation.
I’ve seen accounts that deposit $ 2,000 and make a profit and withdraw over $10,000 and continue to trading with them. You can search this information that I say by searching on the signal providers page and find the XM broker.
The only thing negative about them is the spread. Commissions are also quite high compared to current brokers. However they need to profit from the service provider
XM has some drawbacks though. Its product range is mainly limited to FX, CFDs, and cryptos. The research tools are limited, covering mainly some technical tools and technical-based analysis.
A monthly $5 fee is charged after three months of inactivity.
- High level of Investor Protection.
- Good Educational Materials for trading.
- Good Technical Analysis.
- Its product range is mainly limited to FX, CFDs, and cryptos. Lack real stock, Option or Future.
Ted Editor in chief
Ted is the author of some of the most highly rated review of Forex investment. Ted has consistently provided informative, relevant insight into the latest developments within the FX industry