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Overall, XM is considered among the top 10 forex brokers in the world, a safe and trustworthy forex broker. XM offers a low minimum deposit and well-researched educational material. XM has 24/5 customer support with a user-friendly copy trading option for beginners. XM has a high trust score of 93 out of 99.
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money.
Overall, XM is considered a safe broker and trustworthy forex broker. XM offers a low minimum deposit and well-researched educational material. XM has 24/5 customer support with a user-friendly copy trading option for beginners. XM has a high trust score of 98 out of 99.
Broker’s Name
XM.com
Overall Rating
4.9/5
Headquartered
UK
Year Founded
2009
Regulators
FCA, IFSC, CySec, ASIC, FSC
Minimum Deposit
$5
Countries not accepted for trade
The United States of America
Account Types
Micro Account; Standard account; Ultra Low Account; Shares Account
Account Activation Time
Less than 4 Hours
Deposit Bonus
Yes, $30 and Up To $5000
Demo Account
Yes
Spreads
Spreads from 0.6 to 1.7 pips
Commission
Commission-free trading depending on account selected
Maximum Leverage
1:1000
Deposit Options
Withdrawal Options
Platform Types
Desktop MT4 and MT5, Mobile MT4 and MT5,(Android & IOS) XM mobile app, Web platform
Tradable assets offered
Forex, commodities, cryptocurrency, shares, indices, metals, energies, options, bonds, CFDs, and ETFs
Languages supported on Website
23 Languages
Crypto
Yes
Total Pairs
57
Islamic Account
Yes
Trading Fees
No, just Spread
Customer Service Hours
24/5
Good for Beginners
Good for Experts
Copy Trading
Bonuses
Regulations and Safety
Low Spread
Low Commissions
Negative Balance
Protection
$10 Minimum
Deposit
Unlimited
Leverage
Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. It is important that you do not trade any money that you can’t afford to lose because regardless of how much research you have done, or how confident you are in your trade, there will always be a risk of loss.
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