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XM Review

4.5Excellent
#4 Ranked

Global broker serving 10M+ clients with competitive spreads, no requotes, and 99.35% execution in under 1 second.

10M+ ClientsBest ExecutionNo Requotes

Min Deposit

$5

Spreads From

0.6 pips

Max Leverage

1:30

Platforms

3

Overall Rating

4.5

Excellent

Regulated by CySEC (Cyprus)

CFDs are complex instruments with high risk of losing money. XM retail accounts lose money trading CFDs.

Pros & Cons

Pros

  • Very low minimum deposit ($5)
  • Excellent execution (99.35% under 1 second)
  • Generous bonus programs
  • Comprehensive free education
  • No requotes policy

Cons

  • Offshore regulation for some entities
  • Inactivity fees kick in quickly (90 days)
  • Limited product range vs competitors
Full XM Review

XM is a global forex and CFD broker that has rapidly grown to serve over 10 million clients in 190+ countries since its founding in 2009. The broker is known for its competitive trading conditions, extensive educational resources, and commitment to fast execution.

XM offers trading on forex, stocks, commodities, indices, and energies through MetaTrader 4 and MetaTrader 5 platforms. The broker prides itself on its no-requotes policy and claims 99.35% of all orders are executed in less than one second.

With a low minimum deposit of just $5 and a generous bonus program, XM is particularly popular among retail traders and beginners looking to start their trading journey.

Account Types
Most Popular

Micro

Min Deposit$5
Spreads1 pip

Standard

Min Deposit$5
Spreads1 pip

XM Ultra Low

Min Deposit$50
Spreads0.6 pips

Shares

Min Deposit$10,000
SpreadsVariable
ForexStocks CFDsCommoditiesIndicesEnergiesCrypto

57 currency pairs available for trading

XM Bonuses & Offers

$30 No Deposit Bonus

Start trading with $30 free credit. No deposit required. Available to new clients only.

New clients only. Profits withdrawable after trading requirements met. T&Cs apply.

50% + 20% Deposit Bonus

Get 50% bonus on your first $500 deposit plus 20% on the next $4,500.

Bonus not withdrawable. Volume requirements apply. T&Cs apply.

Up to $5,000

Frequently Asked Questions

Score Breakdown4.5/5
Trust & Safety
4.3/5

Regulation, fund safety, track record

Trading Conditions
4.6/5

Spreads, execution, leverage

Platforms & Tools
4.4/5

Platform quality, charting, features

Research & Education
4.8/5

Analysis, webinars, learning materials

Customer Service
4.5/5

Support quality, responsiveness

Mobile Trading
4.4/5

Mobile app quality, features

Quick Facts
Min Deposit
$5
Spreads From
0.6 pips
Max Leverage (Retail)
1:30
Headquarters
Limassol, Cyprus
Founded
2009
Currency Pairs
57
Commission
None (spread only)
Withdrawal Time
24 hours
Inactivity Fee
$5/month after 90 days

Regulators

CySEC (Cyprus)ASIC (Australia)IFSC (Belize)DFSA (Dubai)

Platforms

MetaTrader 4MetaTrader 5XM WebTrader
Not Available In
USACanadaIsraelIran
Last verified: January 13, 2024

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