Plus500
- Min Deposit $100 or equivalent
- 2,000+ Tradable Assets
- Max Leverage: 30:1 , 300:1 professional clients
- Official Partner Atlético de Madrid
XM is a competent Forex and CFD broker, which serves customers in 196 countries and has a total staff count of 1,300. It was founded in 2009 and it sits under Trading Point Holdings Ltd, which owns XM Australia, XM Global and XM Cyprus. Its headquarters are in Limassol, Cyprus.
XM doesn’t charge commission on real stock trading, i.e. there are no broker fees when opening or closing the position. This doesn’t apply to short or leveraged positions.
CFD trading fees are low on XM. E.g., for a $1,000 long position held for a week, the fees are:
S&P 500 index CFD fee | Europe 50 index CFD fee | Apple CFD fee | |
---|---|---|---|
Fees | $1.2 | $1.2 | $2.5 |
Forex trading fees are average on XM. E.g., for a $10,000 30:1 long position held for a week, the fees are:
EURUSD | GBPUSD | AUDUSD | EURGBP | |
---|---|---|---|---|
Fees | $8.6 | $7.0 | $6.9 | $6.0 |
Account Fee | Deposit Fee | Withdrawal Fee | Inactivity Fee |
---|---|---|---|
$0 | $0 | $0 | $5 per month after 3 months of inactivity |
When you trade via XM, you can choose between the following account base currencies: GBP, USD, EUR, CHF, RUB, AUD, JPY, PLN, HUF, SGD and ZAR. It’s also worth pointing out that you won’t pay a conversion fee if you trade assets in the same currency as your account base currency or if you make transactions between your trading account and a bank account in the same currency.
Payment Method | Fees |
---|---|
Credit/Debit card | None |
Electronic wallets | None |
Bank transfer | $15 fee for bank transfers below $200 |
Make your First Deposit with XM
back to menu ↑You can easily open an XM account online using your email address and you can then choose between 3 options: Micro, Standard and XM Zero.
Micro Account | Standard Account | XM Zero Accounts | |
---|---|---|---|
Base Currency Options | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR | USD, EUR, JPY |
Contract Size | 1 Lot = 1,000 | 1 Lot = 100,000 | 1 Lot = 100,000 |
Spread on all majors | As Low as 1 Pip | As Low as 1 Pip | As Low as 0 Pips |
Commission | No | No | Yes |
Maximum open/pending orders per client | 200 Positions | 200 Positions | 200 Positions |
Minimum trade volume | 0.01 Lots (MT4), 0.1 Lots (MT5) | 0.01 Lots | 0.01 Lots |
Lot restriction per ticket | 100 Lots | 50 Lots | 50 Lots |
Islamic Account | Optional | Optional | Optional |
The XM platform is multilingual with 21 languages: Arabic, Bengali, Chinese, Czech, Dutch, Filipino, French, German, Greek, Hungarian, Indonesian, Italian, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Vietnamese.
Open a Trading Account with XM
back to menu ↑XM offers good customer service via phone, live chat and email in 28 languages.
back to menu ↑Regulator | License | Legal Entity |
---|---|---|
Cyprus Securities Exchange Commission (CySEC) | 120/10 | Financial Instruments Ltd |
Australian Securities and Investments Commission (ASIC) | 443670 | Financial Instruments Pty Ltd |
International Financial Services Commission Belize (IFSC) | 000261/106 | XM Global Limited |
|