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74.89% of retail CFD accounts lose money.
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8.5/10 (Expert Score)
Product is rated as #8 in category CFD Brokers
This XM review gives you all the key facts you need to decide if it’s the right platform for your money. Brought to you by Brokerage Compare.
Commissions & Fees
Offering of Investments
Platforms & Tools
Customer Service
  • Min Deposit $5
  • Max Leverage: 30:1
  • 1,000+ Tradable Assets
  • Forex, Stocks, Commodities, Indices, Precious Metals CFDs & Energies CFDs
  • Credit/Debit card, Bank transfer, Electronic wallets
  • Web Trader, Mobile App, Desktop Trader, MetaTrader 5, MetaTrader 4
  • 24/5 chat, email, phone
  • Regulated by CySEC, ASIC, FSC
  • More than 25 Languages Supported
  • No Cryptos & ETFs
  • No 24/7 support
  • Average Forex fees
  • Lack of diversity between the different account types

XM Review

XM is a competent Forex and CFD broker, which serves customers in more than 190 countries and has a total staff count of 1,300. It was founded in 2009 and it sits under Trading Point of Financial Instruments Ltd (Cyprus), Trading Point of Financial Instruments Ltd (Australia), XM Global Limited (Belize), Trading Point MENA Limited (Dubai). Its headquarters are in Limassol, Cyprus.

XM Fees Review

  • Free stock trading
  • No withdrawal fees
  • Low CFD fees

  • $5 per month inactivity fee after 3 months of no trading

Stock Fees

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 Fees

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 feeEurope 50 index CFD feeApple CFD fee

Forex Fees

Forex trading fees are average on XM. E.g., for a $10,000 30:1 long position held for a week, the fees are:


Non-trading Fees

Account FeeDeposit FeeWithdrawal FeeInactivity Fee
$0$0$0$5 per month after 3 months of inactivity

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XM Deposits & Withdrawals Review

  • Bonuses on ASIC regulations
  • Min deposit $5
  • 11 account base currencies
  • Credit/Debit card, Bank transfer, Electronic wallets

  • $15 withdrawal fee for bank transfers below $200
  • PayPal deposits are not currently supported

Account Base Currency

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.

Deposit & Withdrawal Fees

Payment MethodFees
Credit/Debit cardNone
Electronic walletsNone
Bank transfer$15 fee for bank transfers below $200

How long will it take for my deposit to show on XM?

If you make the deposit over card, either debit or credit, it’s instant. Bank transfers take a few business days.

Are there any limitations on how I withdraw money?

Yes. When you withdraw to a debit/credit card or e-wallet, the amount cannot exceed what you deposited via the same method. What this means effectively is that your profits can only be withdrawn via bank transfer.

When will I have access to my money if I withdraw from XM?

Withdrawal via debit card takes around 2 working days.

What is XM minimum deposit?

XM minimum deposit is $5 and the max is $1m.

Can I withdraw any amount?

Yes, there are no limits.

Does XM charge withdrawal fees?

Withdrawals to debit/credit cards or e-wallets don’t carry a fee. However, you will pay $15 per withdrawal for bank transfers below $200.

Are there any terms on where I direct any funds I withdraw?

XM’s only specification is that you withdraw to accounts in your name.

Make your First Deposit with XM

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XM Account Types Review

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 AccountStandard AccountXM Zero Accounts
Base Currency OptionsUSD, EUR, GBP, JPY, CHF,‎
Contract Size1 Lot = 1,0001 Lot = 100,0001 Lot = 100,000
Spread on all majorsAs Low as 1 PipAs Low as 1 PipAs Low as 0 Pips
Maximum open/pending orders per client200 Positions200 Positions200 Positions
Minimum trade volume0.01 Lots (MT4), 0.1 Lots (MT5)0.01 Lots0.01 Lots
Lot restriction per ticket100 Lots50 Lots50 Lots
Islamic AccountOptionalOptionalOptional

Platform Languages

The XM platform is multilingual with more than 25 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

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XM Platforms & Assets Review

  • 1,000+ tradable assets
  • Forex, Stocks, Commodities, & Indices
  • Web Trader, Mobile App, Desktop Trader, MetaTrader 5, MetaTrader 4

  • Can’t change the leverage levels
  • No Crypto & ETFs

XM gives you more than 1,000 trading options on the MT4/MT5 platforms. These range from stock and commodities CFDs to metal and energy CFDs and many others. Regarding Forex, you can choose from over 55 pairs, including the most popular ones. However, XM doesn’t offer binary options or futures.
In terms of spreads, you have a choice of 3 different accounts with a minimum spread of 0.1pips and an average spread e.g. for a EUR/USD pair of 0.1 pips.
XM allows you to choose your own leverage risk, with a flexible leverage range between 2:1 and 30:1. Margin requirements are constant throughout the week and they don’t widen on weekends or nights.

Start CFD Trading with XM

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XM Customer Service Review

  • Live chat, phone and email

  • No 24/7 support

XM offers good customer service via phone, live chat and email in 28 languages.

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Is XM safe?

RegulatorLicenseLegal Entity
Cyprus Securities Exchange Commission (CySEC)120/10Financial Instruments Ltd
Australian Securities and Investments Commission (ASIC)443670Financial Instruments Pty Ltd
Financial Conduct Authority (FCA)538324Trading Point of Financial Instruments Limited

Is XM safe?
  • Yes, it is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investment Commission (ASIC) and the UK’s Financial Conduct Authority (FCA).

Is there negative balance protection on XM?
  • Yes, XM will cover any excess loss.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.89% 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.

Trade Safe with XM

Specification: XM

Max Leverage 30:1
Assets 1,000+
CFDs Forex, Stocks, Commodities, Indices
Customer Type Beginners, Experienced Traders
Country/Region UK, Europe, Australia, Middle East, Asia
Platforms Web Trader, Mobile App, Desktop Trader, MT4 (Not available for UK), MT5
Deposit Options Credit/Debit Cards, Electronic Wallets, Bank Transfer
Regulated by FSC, CySEC, ASIC
Customer Service Phone, Email, Live chat

Videos: XM

Photos: XM

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