XM Review: | for 2025
This XM review has been updated for 2025 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about XM to give you the most comprehensive guide available.
XM is a leading broker that was founded in 2009. They have around 1493 employees that help the company provide , to 3,500,000+ customers through MT4, MT5, Mac, Web Trader, Tablet & Mobile apps.
XM Guide – Read our In-Depth XM Review
XM Rating: 7.18 / 10
This XM review page contains information about investing with XM. It is intended for educational purposes only and should never be considered financial advice. comparebrokers.org is not a brokerage or advisory service. We do not recommend or advise that investors buy or sell securities or stocks.
All of the information about the brokers you see reviewed on comparebrokers.org come from our partners, some of whom we have an affiliate relationship with. These partners do not control the content on the page beyond providing us with datapoints to ensure that (as far as possible) the information in our database is accurate. The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to their users. Our proprietary rating algorithm takes all of the datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones for their needs.
Please note that due to regulations, the content in this review of XM does not apply to users in Canada, Israel, and United States of America.
This XM review contains the latest info surrounding XM.
If you're a new entrant in the world of online trading and brokerages, so many facts will no doubt be perplexing for you. Getting into the world of online trading demands expert analytical skills and thorough knowledge. You will get adept at all of the concepts of online trading and brokerages while you continue trading. For starters, you need to select the ideal online broker who'll always be transparent with you.
In the fast-paced world of stock markets and online trading, you'll need guidance to make proper decisions. A professionally lead investment online trading platform could assist you in minimising any potential losses and maximising any profits. XM is one such platform which can help you. It is important that you learn all you can about any broker until you trust them with your money.
When engaging in online trading with platforms such as XM, it's crucial to carefully assess XM as your broker, as this choice can greatly influence your success. Selecting the right broker is vital for your XM investments to thrive. However, be cautious of fraudulent and untrustworthy brokers hiding in the shadows, ready to exploit naive traders.
It's essential to be prudent and comprehensive in your XM broker selection to protect your hard-earned money. Performing your due diligence and researching the trustworthiness of XM, its track record, and reputation is vital. Moreover, ensure the XM broker's offerings, trading tools, fees, and regulation align with your preferences.
Remember, XM should be a reliable companion on your trading journey.
Our team has worked diligently to simplify the intricate world of trading with XM into easily understandable information in this XM review. Our goal is to equip you with the knowledge necessary to confidently use XM trading tools, ranging from depositing and withdrawing funds to executing trades.
We recognize that well-informed decisions with XM are the cornerstone of successful trading. As such, we've provided this detailed XM review. So, settle in, grab a cup of coffee, and immerse yourself in learning about XM and how it can work to your advantage, or if XM might not be the right fit for you.
XM Guide for 2025 – Quick Summary
| XM Telephone: | +357 250 29933 |
| XM Support Email: | support@xm.com |
| XM Address: | 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus |
| Year Founded: | 2009 |
| Regulated By: | International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) |
| Hedquarters: | Cyprus |
| Minimum Deposit: | $5 |
| Number Of Clients: | 3,500,000+ XM users and traders |
| XM TrustPilot: | https://uk.trustpilot.com/review/xmglobal.com |
| XM LinkedIn: | https://www.linkedin.com/company/xm-global/ |
| XM Facebook: | https://www.facebook.com/xmglobal |
| XM Facebook Likes: | 1,137,080 |
| XM Twitter: | @TradingXM |
| XM Twitter Followers: | 315 |
| XM Instagram: | https://www.instagram.com/xmglobal/ |
| XM Instagram Followers: | 29,000 |
| XM Youtube: | https://www.youtube.com/channel/UCP-fT4LhpKEArkNROxJHktw |
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77.29% of retail investor accounts lose money when trading CFDs with this provider. |
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Our entire XM review for beginners covers all you will need to know about trading via XM. A fantastic agent can use your first investments and help to protect it from losses but also provide you a platform that can help to provide you positive profits. If you would like to earn profits, you must trade with a broker service that aligns with your investment objectives.
Of course, there's absolutely no sure-fire method to ensure profits; therefore, you must carefully assess your agent before you choose them. It is a common misconception that all brokers are the same, but that's not correct. Wrong judgment, in the beginning, can put your investments at risk.
XM is a trading partner which has found its way successfully into the brokerage world. Within this review, we have tried to collate a number of the vital facets of XM. This guide can help you to learn whether XM is a great match for your own investments or not. We have tried to breakdown all of the qualities and fees for your convenience.
Who are XM?
XM is a foreign exchange broker with its headquarters in Cyprus and provides a range of instruments for online trading. Since its start in 2009 they have emerged as a top player in the field of online trading. XM has a highly professional and full-featured trading website that is focused on forex, indices, metals, stocks and commodities.
Over the past 16 years, XM has developed into one of the best online brokers available to the public.
After establishing itself in 2009, their customer base has become as large as 3,500,000+ clients.
XM is the favourite of many online traders because of its negative balance protection. Our XM account review found that they are a superb platform for online trading solutions. They are most appropriate for investors who are searching for a variety of assets. Social and easy to use trading options are the core at XM.
Technology plays a substantial role at XM. They features trading on MT4, MT5, Mac, Web Trader, Tablet & Mobile apps. XM is honest, transparent, and also a well-regulated broker by the International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC). Their outstanding array of resources will be beneficial for the majority of traders. Third-party partnerships also provide in-house research.
Who Founded XM?
The founders of XM are Constantinos Cleanthous
The founders of XM are famous for their experience in the world of online trading. However, there are a lot of other important staff in XM who have a substantial contribution to it's success.
The trader resource department at XM is quite insightful for new traders as it allows them to have a closer look at the financial markets. XM caters to all sorts of traders and are a must-have broker for almost any well-diversified method of trading.
XM Review Videos
Benefits of trading with XM in 2025
Trading with XM comes with many benefits. These benefits are what sets XM apart from all other online agents. You should check all of the benefits listed so you have a better comprehension of XM.
The agent goes to great lengths to comprehend what dealers want. As a result, the support, quick, and convenient. The broker also gives a number of programs for all kinds of traders. XM helps to ensure that the individual needs of all online traders are met to the best of their ability.
XM also features excellent trading conditions which are available to all and not just an elite group of institutional clients. The tight spreads and quick executions are a great advantage for all traders. The technology embraced by XM is among the highest caliber, ensuring that it's fast, dependable, and effective.
XM admits the importance of having a quick order execution. A quick execution will allow users to trade without fretting about slippage safely. It will also aid the traders to catch any opportunities.
Copy trading is another important facet of XM. A new dealer can learn from business experts utilizing the automatic copy trading option. This means you can see well performing traders and instantly copy their trades and benefit from their expertise
To build a strong community of traders and investors, and to encourage successful traders to share their wisdom, XM offers social trading which encompasses leading traders sharing their knowledge with the community. XM's social trading platform allows traders to share their expertise with others to build a community of investors and traders. What stocks they are monitoring, what to buy, what to sell. Intermediate traders can then absorb this expert knowledge and create their own trades. This is independent copy trading.
XM has over 100 trading tools to support all kinds of traders. These instruments are lively and convenient for both new and seasoned traders. All traders can set aside all their worries when trading using XM.
XM Overview
Year Founded: 2009
Regulated By: International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)
Hedquarters: Cyprus
Minimum Deposit: $5
Number Of Clients: 3,500,000+
77.29% of retail investor accounts lose money when trading CFDs with this provider.
If you feel that XM is not right for you then at the bottom of this XM review you will find a lot of alternatives to XM.
What you ought to know about trading with XM
XM is a lively platform that offers various methods of trading. These tools cover the monetary markets substantially. The Majority of the broker platforms offer less methods than XM
If you would like to trade with XM, you'll require a minimum deposit of $5. This deposit is mandatory if you want to begin trading using XM. This 2025 XM review will guide you safely about trading with them.
XM is as flexible as any other brokerage platform. XM is ideal for traders that want a manageable range of low-cost services. The programs supplied by XM are third-party, white-label offerings. All traders may select out of MT4, MT5, Mac, Web Trader, Tablet & Mobile apps
Together with everything, XM has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time over which a trade has to be kept open. The brokers provide premium customer service which rewards customers with benefits.
Many unethical brokers attempt to pressurise consumers into larger financing for premium services. XM, however, is more focused on trading volume. Dealers can expect trading conditions to be fair, honest and transparent. The more lots traded by the consumer, the greater advantages will come along.
XM accounts are available around the world and provides excellent service everywhere they have clients. There are some select few countries where XM accounts are not available. Traders in the following countries cannot open or use a XM account:
Canada, Israel, and United States of America.
Is XM Safe To Trade With In 2025?
Launched in 2009, XM has been open for 16 years, they are headquarted in Cyprus
XM is regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC). These figures have rules that ensure that trading platforms have steps in place to keep investor's assets secured. This means that XM users do not need to be worried about their money as it's segregated and safely kept in banks that are established. SSL encryption secures every user's private information also.
You can make use of an option for Two Factor Authentications (2FA) with XM for heightened safety. An SMS with the confirmation code will be sent to a mobile phone. You'll be required to input this code to log into your account.
Another concern with online brokers is in respect to safety might be manipulation of trading. This is highly disadvantageous for users on these platforms. Nonetheless, this is much more widespread in the example of Market Maker agents who compete with customers on the platform.
XM Risk Disclaimer
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.29% 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.
Pro's & Con's Of Trading With XM
Every online trading platform has a few ups and downs, and no XM review would be complete without having a balanced approach. This XM review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
XM Pro's
XM is highly rated by us.
XM is regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
XM has been trading for 16 years.
XM offers customer support over the phone.
XM provides customer support over email.
XM gives access to customer support over livechat.
XM is an award winning broker.
XM offers negative balance protection.
XM has a low minimum deposit requirement.
XM doesn't charge withdrawal fees.
XM has over 100 employees.
XM offers social trading.
XM offers copy trading.
XM allows scalping.
XM allows hedging.
XM allows commodity trading.
You can trade metals with XM.
You can trade energies with XM.
XM Con's
XM doesn't offer guaranteed stop loss. XM charges inactivity fees. You can't trade Cryptocurrencies with XM.Compare Brokers Similar To XM
Regulation And Licencing In More Detail
XM is regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
XM, as a business, has a powerful collection of rules for ensuring honest trading onto its own platform. For data encryption purposes, it provides an industry-standard secure socket layer (SSL).
As per the organization's privacy regulations, customer data is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
XM Awards
XM have won several industry awards over the time they have been running as a financial broker. We detail the most recognised awards for XM below.
- In 2014 XM was awarded Best FX Technology Provider.
- In 2015 XM was awarded Best FX Technology Provider by Brokers Billboard.
- In 2017 XM was awarded Best Trading Support by Capital Finance International Magazine .
- In 2020 XM was awarded Best FX Service Provider for 2020 by City of Wealth Management.
- In 2020 XM was awarded Best Broker in Customer Service.
XM Trading Platforms
XM are a professional brokerage that has been trading for over 16 years. They offer a wide range of options in their customer accounts.
In the following table we take the main parts of any good online brokerage and compare XM with Startrader, and freetrade.
XM MetaTrader 4 (MT4)
MetaTrader 4 also known as MT4 is one of the top trading platforms on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to cover all your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.
The MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements.
You can start using the MetaTrader 4 platform with XM in multiple formats including through an online web platform, or through a downloadable application for Windows PC's and Mac's. XM MetaTrader 4 is compatible with the latest macOS. XM allows traders to trade on mobile devices through Android and iOS devices.
Metatrader 4 Webtrader and XM
MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators.
Trading With XM MetaTrader 4 On iOS Devices
You can download the XM app or also trade with XM through the MetaTrader 4 application on the Apple app store.
Download the XM MetaTrader 4 Program free of charge from Apple's App Store. XM customers have instant access to the Financial markets, with the ability to completely manage a Portfolio on the go.
Trading With XM MetaTrader 4 On Android Devices
Andorid mobile devices and tablets are used by millions of people globally. XM provides its clients access to the MetaTrader 4 platform on Android supported devices so that their 3,500,000+ customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android XM MetaTrader 4 application enables traders to make the most of multiple advanced trading features which enables them to monitor and trade quickly on the go, simply and securely.
Minimum Deposit Required
The minimum deposit that you must deposit to begin on XM is $5. This is an adequate amount for those just beginning. You can make more complex deposits as you go along. But, ensure that you understand how to make the most of your money before investing larger sums.
Commission And Fees Explained
XM is an online broker platform, and most online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled better. In other words, an online broker is not necessarily influenced by the amount of clients they have.
However, this does not mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to earn money. There are primarily 3 types of fees for this objective.
The first sort of charges to keep an eye out for are trading fees. When you make an actual trade, like buying a stock or an ETF, you are billed trading charges. In such instances, you are paying a spread, funding rate, or even a commission. The sorts of trading charges and the prices vary from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the flip side, a spread denotes the difference between the buying and selling cost. Funding or overnight prices are those that are billed when you hold a leveraged position for longer than a day.
Aside from trading charges, online brokers also charge non-trading fees. These are dependent on the activities you undertake in your accounts. They are billed for services like depositing cash, not trading for lengthy periods, or withdrawals.
Generally, XM doesn't charge high fees compared to other online agents. For operations other agents fee for, they do not charge a broker fee, or they charge a smaller amount. This is beneficial for those who regularly exchange, for example daily or weekly trading.
But, non-trading fees charged by XM are comparatively greater. As a result, you are billed more for non-trading activities in your trading accounts, like withdrawal and deposits. These aren't related to the sale and purchase of resources.
This XM review breaks down every one of the relevant non-trading charges for you in detail.
Compare Broker Fees Of XM
XM Withdrawal Fees Explained
XM doesn't charge withdrawal fees.Withdrawal of cash is possible at any time from the XM account. It's possible to draw up sums to the sum of your account balance, keeping aside the perimeter utilized. 1 thing to keep in mind is that you don't always have to have any money on your account.
Moreover, the withdrawn money will be transferred directly to the account you use to make deposits. Thus, in the event that you used a credit card for deposits, then the withdrawn cash is going to be sent into the cardXM will ask you to offer other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In case you are withdrawing money in different currencies from USD, a conversion fee is also applicable. The conversion fee will be dependent on the currency you're opting to draw in.
XM Inactivity Fees Explained
XM charges an inactivity fee when you don't create any trades for a while.
Even if no fees have been indicated by XM, it's better that you close the account if you are inactive. Inactivity fees are not only charged by broker companies but also many financial services.
For additional trading platforms, the inactivity fee is contingent on the sort of account you've chosen. The inactivity fee is exposed to many conditions and needs to be revealed clearly by the broker beforehand.
XM Deposit Fees Explained
When you move money in your trading account by the bank account, a deposit fee can be charged by the broker. Most agents don't charge too much money for this particular operation.
XM doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash on the XM trading platform is simple. You simply have to finish a single-user profile survey to begin depositing money into your trading account. You will need to provide an identity proof and proof of residency to deposit large amounts.
Compare XM Vs Other Broker Deposit Methods
What Can You Trade With XM in 2025?
Note: XM offers a lot of different trading instruments due to regulatory restrictions in many countries. Trading instruments offered may be different based on the country of residence of the client.
XM has a wide variety of over 100 instruments available for you to trade with.
If trading forex pairs is of interest to you then XM offer over 80 forex pairs.
Compare XM, Startrader & freetrade below.
XM Trading App Review
Note: XM's mobile app has a lot of functions and is being constantly developed. The below information was correct at the time of writing this XM broker review.
Understand the capabilities of the mobile apps of XM, Startrader & freetrade below.
Trading Education Available At XM
Understand the trading resources available with XM, Startrader & freetrade below.
XM Customer Support
For our XM broker review we examined the customer service options as well as response times. on the XM trading platform problems solution effectiveness. XM provides support in various languages, including Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish
XM Live Chat Support
We have tested the livechat experience with XM and it works well. We sent messages to XM livechat via their app and web site and recieved a response after 10 seconds. Sometimes , there was no response.
We tried communicating with XM support in multiple languages and in various countries. XM were able to resolve our customer problems.
XM Phone Support
We phoned XM and the call was answered extremely quickly. The call was answered within less than 5-10 minutes.
The XM phone support team were able to effectively address our questions and issues via phone. We tried the multi-lingual XM team by calling them in various languages. XM made an effort to ensure all of our questions were answered.
The overall phone support provided by XM was good.
XM Email Support
We have sent numerous messages to XM and the response times were all good. The fastest email response from XM was 5 hours and the longest response time was 3 days! Sometimes , there were no responses. Support response times may vary depending on what is needed from XM, but this was our experience sending out 10 emails at different times.
The team was able to resolve and answer our questions. Average email support from XM was good.
Alternatives To XM
If, after studying this XM review, they don't meet your needs check out these XM alternatives.
We have scoured the web to find the best alternatives to XM. Click on the hyperlinks below to learn more.
Frequently Asked Questions
Can I try XM before I buy?
Absolutely! you can most certainly try XM before you buy. XM provides demo accounts for the convenience of beginner traders. You can use this feature to build your faith in the system and yourself and your trading strategies.
If you sign up to get a demonstration account on XM, you will set out using a decent amount of virtual money. It is to establish a feeling of security and confidence in you until you decide to spend your own money.
With this virtual XMdemo account, you can experiment in any way, to whatever length you wish. You might even start positions, test different trading approaches, and much more.
XM shows on its official site how you can exchange real time stocks in a demo account.
Is XM safe?
You can drop all of your worries since we believe that XM is completely safe to use. It's in compliance with the principles of International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
Nevertheless, XM does not have assured stop-loss protection.
Why does XM ask for my passport?
The reason that XM asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, XM has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, XM must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with XM?
The process to start trading with XM is super simple. You need to begin by signing up on the XM website. It will require you to fill in details pertaining to the credibility and security of your account. You will probably also have top go through the standard KYC (Know Your Customer) checks but XM are normally pretty quick with this.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with XM is $5. You should have a good {understanding of|hold over} the {details|nuances} of online trading before you set out and trade with real money as losses can exceed deposits.
If you are confident of your knowledge and understanding, you can open an account with XM.
The best way to kickstart your trading career with XM is to open a demo account facility before risking any real money
What funding methods do XM accept?
There are multiple methods to finance your accounts with XM. The process is effortless and quick, with various payment methods at your fingertips.
You can use credit or debit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing money. You have to bear in mind that PayPal isn't available in every country. The monies XM accepts for deposit are USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD.
Other deposit techniques you can embrace are Neteller, Skrill, Rapid Transfer, and iDeal. Besides online banking, wire transfer is a possibility as well, though it takes about 4-7 days.
Is my money safe with XM?
Yes, your cash is safe and secure with XM. As you know, XM operates with good conformation to regulations. It's established plenty of steps to protect all of its own investors.
XM safeguards its customers' private and sensitive information under SSL encryption. Your funds will be retained highly secure in top-tier banks.
If you wish to further safeguard your account, you can empower Two-Step Verification as well. It requires an SMS confirmation for you to get your account.
Is XM trading good?
Yes, trading through XM is a pleasant and good experience indeed. It's an excellent and intuitive platform with useful features for your simplicity. In addition, you can also gain access to a huge selection of educational tools and assistive substance to kickstart your trading expertise.
If you remain skeptical, you can start a eToro demo account and assess the trustworthiness of the platform for yourself.
Which Countries do XM support?
XM operates across the globe. However, due to regulations XM can't accept clients from Canada, Israel, and United States of America.
Is XM legit?
XM is a legit company headquarted in Cyprus since 2009. They are regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC). XM is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is XM a good broker?
XM is an excellent broker, and its own users can vouch for it. The highlight of this platform is its quick order execution on transactions.
You'll discover the clean design of the platform along with the admirable features that are pleasant to work with.
Is XM a trustworthy broker?
Yes, XM is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 3,500,000+ users registered with them can affirm to their trustworthy nature.
Click here to see the XM TrustPilot page
What is the minimum deposit for XM?
The minimum deposit to open a live account with XM is $5
How long do XM withdrawals take?
Normally, withdrawal of money from XM is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for a withdrawal from XM to show in your bank account and withdrawls are available in any of the following currencies.
USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD
Is XM regulated?
XM are regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)
Is XM a market leading broker?
XM is currently among the business leaders. It has over 3,500,000+ registered customers and over 16 years of experience on its record. They're among the world's top trading platforms and a dominant figure in the Fintech revolution.
It majorly owes this standing to its incredible platform and broad selection of tools plus resources so you may put money into capital markets.
Is XM a con?
No, XM is not a con. They are regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) and must adhere to their rules. Thus, it is safe to say that XM is not a scam.
Can you make money with XM?
Using XM, several traders make a great deal of cash. But, just like all online trading platforms, it is important to note that traders can also lose money. In particular, 77.29% of retail investor accounts lose money when trading CFDs with this provider.
This can look like a small number, but over the entire year, it adds to a substantial number of gains. Even though XM supply you all the tools to earn money, they cannot guarantee you will profit.
Does XM have fees?
Yes. To begin trading using XM, you need to deposit $5. Particular commissions while trading also applies. Any processing fees from your bank will have to be incurred by you.
When was XM founded?
XM was founded in 2009 in Cyprus. XM is regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
How many people use XM?
XM is a globally recognised broker with 3,500,000+ clients.
Where is the XM head office?
XM has its head office in Cyprus
Does XM offer negative balance protection?
Yes, XM has Negative Balance Protection. It is especially offered while the industry volatility prevents customers from letting their account go in the red. In such a scenario, XM offers the ability to reset a clients account balance to zero.
You are able to go through the critical terms and conditions on XM's site to understand their policies.
Does XM offer guaranteed stop loss?
XM, regrettably, doesn't provide guaranteed stop loss. XM gives an opportunity to its traders to close their trades at their given price. Aside from this, XM doesn't provide guaranteed stop loss.
Does XM allow scalping?
Yes, XM does allow scalping. Several traders across the world choose XM due to their scalping services. They offer trading on MT4, MT5, Mac, Web Trader, Tablet & Mobile apps which allow this.
Does XM allow hedging?
Yes, XM does allow hedging.
Can you trade energies with XM?
Yes, you can trade energy stocks with XM
Can you trade agricultural shares with XM?
No, unfortunately you cannot trade agricultural stock with XM
Can you trade cryptocurrency with XM?
No, unfortunately you cannot trade cryptocurrency with XM
Can you trade metals with XM?
Yes, you can trade metals with XM
Can you trade UK Shares with XM?
No, unfortunately you cannot trade UK shares with XM
Can you trade US Shares with XM?
No, unfortunately you cannot trade US shares with XM
Can you trade Japanese Shares with XM?
Yes, you can trade Japanese shares with XM
Can you trade German Shares with XM?
Yes, you can trade German shares with XM
Does XM accept bank transfers?
Yes, XM accepts bank transfers for depositing money.
Does XM accept credit cards?
Yes, XM accepts credit cards for depositing money.
Does XM accept PayPal?
No, XM does not accept PayPal.
Does XM accept Skrill?
No, XM does not accept Skrill.
Does XM accept Payoneer?
No, XM does not accept Payoneer.
Does XM accept Neteller?
Yes, XM accepts Neteller for depositing money.
Does XM offer Live Chat customer support?
Yes, XM offers customer support through live chat.
Does XM offer phone customer support?
Yes, XM offers customer support over the telephone.
Does XM offer email customer support?
Yes, XM offers customer support through email.
What languages can XM communicate in?
XM has the ability to communicate and support customers who speak: Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish
Does XM have a wikipedia page?
Yes, XM does have a wikipedia page. It can be found at
Does XM offer demo accounts?
Yes, XM offers virtual portfolio accounts so you can learn their systems before risking any real money. New traders can open a virtual portfolio account in order to better understand the aspects of Forex trading and test out some of the features before getting a live account.
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