XM Review: Pros, Cons, And How It Compares | 2026 Update
This XM review has been updated for 2026 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 professional trading partner that was founded in 2009. They have around 1493 employees that help the company provide , to 3,500,000+ clients 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 about XM.
If you are new to the world of trading online and brokers, so many nuances will no doubt be confusing for you. Getting into the area of trading online requires expert analytical skills and thorough knowledge. You will acquire proficient at all of the concepts of trading online and brokerages while you keep trading. For starters, you have to select the right broker who will constantly be clear with you.
In this fast-paced universe of financial markets and trading, you will need advice to make correct decisions. A professional, direct investment plan could help you in minimising any potential losses and maximising any returns. XM is one such broker that will help you. It is crucial to know all you can about any broker before you trust them with your money.
When engaging in online trading with platforms such as XM, it's crucial to thoroughly evaluate XM as your broker, as this choice can greatly influence your success. Selecting the right broker is vital for your XM investments to flourish. 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 reliability 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 trusted partner on your trading journey.
Our team has strived 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 benefit you, or if XM might not be the right fit for you.
XM Review for 2026 – Quick Overview
| 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 full XM review for beginners covers all you need to know about trading with XM. A fantastic agent can take your first investments and help to protect it from losses but also provide you a platform that can help to give you favourable profits. If you would like to make profits, you must trade with a brokerage service that aligns with your investment objectives.
Of course, there's absolutely no sure-fire way to guarantee profits; therefore, you must carefully analyze your broker before you select them. It's a frequent misconception that all agents will be exactly the same, but that is not true. Wrong judgment, initially, can put your investments at risk.
XM is a trading partner that has found its way successfully into the brokerage world. In this review, we have tried to collate a number of the important aspects of XM. This guide can help you to understand whether XM is a fantastic match for your own investments or not. We've attempted to breakdown all the qualities and charges for your convenience.
Who are XM?
XM is a foreign exchange broker with its headquarters in Cyprus and provides a variety of instruments for trading. Since its beginning in 2009 they have emerged as a top-tier player in the industry of online trading. XM has a highly aggressive and full-featured trading website that's focused on forex, indices, metals, sharesand commodities.
Over the past 17 years, XM has become one of the best online brokers available to the public.
After establishing itself in 2009, their client base has increased to 3,500,000+ clients.
XM is the favourite of many stock dealers because of its negative balance protection. Our XM account review found that they are a reputable platform for online trading options. They're most appropriate for investors who are looking for a variety of assets. Social and easy to use trading solutions are the core at XM.
Technology plays a significant role at XM. They offers trading on MT4, MT5, Mac, Web Trader, Tablet & Mobile apps. XM is fair, transparent, and also a well-regulated agent by the International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC). Their outstanding array of tools will be beneficial for the majority of traders. Third-party partnerships also supply in-house research.
Who Founded XM?
The founders of XM are Constantinos Cleanthous
The creators of XM are known for their expertise in the world of internet trading. However, there are a lot of other important men and women in XM who have a substantial contribution to it's success.
The trader resource section at XM is quite enlightening for new dealers since it allows them to have a closer look in the financial markets. XM caters to all types of traders and are a must-have broker for almost any well-diversified approach to trading.
XM Review Videos
Benefits of using XM in 2026
Trading with XM comes with many advantages. These benefits are what sets XM ahead of the rest of the online agents. You should check all of the benefits listed so that you have a better comprehension of XM.
The agent goes to great lengths to comprehend what traders want. As a result, the support, fast, and convenient. The agent also gives a number of platforms for all kinds of traders. XM ensures that the individual needs of all online traders are met to the best of their ability.
XM also includes excellent trading conditions that are readily 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 adopted by XM is of the maximum caliber, making sure that it is fast, dependable, and effective.
XM admits the significance of owning a fast order execution. A fast implementation enables users to trade without fretting about slippage safely. It will also aid the dealers to catch any opportunities.
Copy trading is another important facet of XM. A new dealer can learn from industry experts utilizing the automatic copy trading option. This allows you to see the best performing traders and instantly copy their trades and benefit from their experience
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. Which stocks they are following, what stocks to buy, and what stocks 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 instruments to support all kinds of traders. These instruments are lively and suitable for both the new and experienced 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.
Everything you ought to know about trading with XM
XM is a lively platform that offers various procedures of online trading. These tools cover the financial markets substantially. Most of the brokerage platforms provide fewer approaches than XM
If you wish to trade with XM, you will require a minimum deposit of $5. This deposit is compulsory if you wish to begin trading with XM. This 2026 XM review will direct you safely about trading with them.
XM is as versatile as another brokerage platform. XM is excellent for traders that want a manageable variety of low-cost services. The platforms offered by XM are third party, white-label offerings. All traders may select out of MT4, MT5, Mac, Web Trader, Tablet & Mobile apps
Along with everything, XM has multiple benefits to new and verteran traders and should be investigated. There's no minimum time on which a trade must be kept available. The agents provide premium customer service which rewards customers with benefits.
Many unethical brokers try to pressurise consumers into bigger funding for superior services. XM, on the other hand, 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 benefits will come along.
XM accounts are available all over the world and provides excellent service wherever they have customers. There are only a 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 2026?
Founded in 2009, XM has been open for 17 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 bodies have rules that mandate that trading platforms have measures in place to maintain investor's assets procured. This usually means that XM users don't need to worry about their money as it is segregated and safely stored in banks that are established. SSL encryption simplifies each user's personal information as well.
You can make use of an option for Two Factor Authentications (2FA) with XM for increased safety. An SMS with the verification code will be sent to your phone. You will be asked to input this code to log into your accounts.
Another concern with financial brokers is in regards to safety may be manipulation of trading. This is highly disadvantageous to consumers on those platforms. However, this is much more prevalent in the example of Market Maker brokers who compete with users 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 will have some pros and cons 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 17 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 company, has a strong set of rules for ensuring honest trading onto its own platform. For data encryption purposes, it provides an industry-standard secure socket layer (SSL).
In accordance with the organization's privacy regulations, client data is never to be shared with some other institutions or individuals. Including credit history and other financial details.
XM Awards
XM have won many industry awards over the years they have been operating as a financial broker. We detail the most notable 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 trading platform that has been open for over 17 years. They offer a large range of options in their user accounts.
In the following table we take the main parts of any reputable brokerage and compare XM against 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 you must deposit to get started on XM is $5. This is a decent amount for those just starting out. It's possible to make more complex residue as you go along. But, ensure that you understand how to make the most of your cash before investing in larger amounts.
Commission And Fees Explained
XM is an online broker platform, and many online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the businesses of online brokerages are scaled much better. That is, an online broker is not necessarily influenced by the number of clients they have.
But this does not mean that online brokers don't charge any fees. They charge prices of varying rates for various services to make money. There are primarily three types of penalties for this objective.
The first kind of charges to keep an eye out for are trading fees. When you make a genuine trade, like buying a stock or an ETF, you are charged trading fees. In such cases, you're spending a spread, funding rate, or a commission. The kinds of trading charges and the rates differ from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the flip side, a spread denotes the gap between the buying and selling cost. Financing or overnight prices are people that are charged when you maintain a leveraged position for more than daily.
Aside from trading fees, online agents also bill non-trading fees. These are determined by the activities you undertake on your account. They're charged for services like depositing cash, not trading for long periods, or withdrawals.
In general, XM does not charge high fees in comparison to other online agents. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a lesser amount. This is beneficial for people who often trade, such as daily or weekly trading.
But, non-trading fees charged by XM are relatively greater. As a result, you're charged more for non-trading actions on your trading accounts, such as withdrawal and deposits. These aren't related to the sale and purchase of resources.
This XM review breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees Of XM
XM Withdrawal Fees Explained
XM doesn't charge withdrawal fees.Withdrawal of money is possible at any time from the XM account. It's possible to withdraw up sums to the amount of your account balance, keeping aside the margin utilized. One thing to keep in mind is that you don't always need to have any money in your accounts.
Moreover, the withdrawn money will be moved directly to the account you use to create deposits. Thus, if you used a credit card for deposits, the withdrawn money 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 the event you're withdrawing cash in different currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the currency you are choosing to withdraw in.
XM Inactivity Fees Explained
XM charges an inactivity fee when you don't make any trades for a while.
Even if no fees have been implied by XM, it's best that you close the account if you're inactive. Inactivity fees aren't only charged by brokerage firms but also many financial services.
For additional trading platforms, the inactivity fee depends on the sort of account you have selected. The inactivity fee is subjected to many circumstances and needs to be disclosed clearly by the broker beforehand.
XM Deposit Fees Explained
When you transfer money in your trading account by your bank account, a deposit fee can be charged by the broker. Most agents do not charge too much money for this operation.
XM doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing money onto the XM trading platform is simple. You just have to finish a single-user profile questionnaire to start depositing money into your trading account. You'll have to provide an identity evidence and evidence of residency to deposit large sums.
Compare XM Vs Other Broker Deposit Methods
What Can You Trade With XM in 2026?
Note: XM offers many different trading instruments due to regulatory restrictions in many countries. Trading instruments offered may differ 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 currency pairs is of interest to you then XM offer over 80 currency 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 table below was correct at the time of compiling 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
While collating this XM broker review we examined the customer service options, response times and on the XM trading platform problems resolution effectiveness. XM provides support in a wide range of 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 worked flawlessly. We made a request through the XM livechat via their app and web site and received a response within 20 seconds. Sometimes , there was no response.
We have tested communication with XM support in multiple languages across multiple countries. XM were successful in resolving customers' issues.
XM Phone Support
We made a call to XM and the call was responded to very quickly. We were able to have the call answered within less than 5-10 minutes.
The XM phone support team was able to effectively address our questions and concerns on the phone. We tested the multilingual XM team by calling them in various languages. XM made efforts to ensure our queries were answered.
The overall support via phone from XM was good.
XM Email Support
We have sent numerous emails to XM and answer times overall were outstanding. 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 for you at XM, however, we've had the experience of sending 10 emails at varying times.
The team was able to resolve and answer our questions. Overall average email support from XM was acceptable.
Alternatives To XM
If, after reading this XM review, they do not fulfill your requirements check out these XM alternatives.
We've scoured the web to find the best alternatives to XM. Click on the links below to learn more.
Frequently Asked Questions
Can I try XM before I buy?
Yes, you can most certainly try XM before you buy. XM offers demo accounts for the convenience of new traders. You may use this feature to build your faith in the system and yourself and your trading strategies.
If you sign up for a demonstration account with XM, you may set out with a decent amount of virtual money. It's to establish a sense of safety and confidence in you before you choose to invest your own money.
With this virtual XMdemo account, you can experiment in any way, to whatever period you wish. You might even open positions, test different trading approaches, and more.
XM shows on its official site that you can exchange real time stocks in a demo account.
Is XM safe?
It is possible to drop all your worries since we believe that XM is completely safe to use. It is in compliance with the rules of International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
Nevertheless, XM doesn't give 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 ways to finance your account with XM. The process is effortless and quick, with different payment methods in your fingertips.
You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing funds. You must bear in mind that PayPal isn't available in every place. The currencies XM accepts for deposit are USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD.
Other deposit methods you can embrace are Neteller, Skrill, Rapid Transfer, and iDeal. Besides online banking, wire transfer is an opportunity as well, even though it takes approximately 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 measures to protect all its investors.
XM safeguards its clients' personal and sensitive information under SSL encryption. Your capital will be kept highly secure in top-tier banks.
If you wish to further protect your accounts, it is possible to empower Two-Step Verification also. It takes an SMS affirmation for you to get your account.
Is XM trading good?
Yes, trading through XM is a nice and decent experience indeed. It's a great and intuitive platform with helpful features for your ease. Moreover, you can even obtain access to a vast collection of educational resources and assistive substance to kickstart your trading expertise.
If you are still skeptical, you can start a eToro demo account and evaluate the trustworthiness of the platform on your own.
Which Countries do XM support?
XM operates across the world. However, due to regulations XM cannot accept clients resident in 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 a great broker, and its users may vouch for this. The highlight of this platform is its quick order execution on transactions.
You will find the clean layout of the platform and 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 supports over 3,500,000+ registered users and over 17 years of expertise on its record. They are one of the world's leading trading platforms and a prominent figure in the Fintech revolution.
It simplifies this status to its incredible platform and wide range of tools plus resources so that 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?
Through XM, many traders earn a great deal of cash. However, 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 may seem like a little number, but within the entire year, it adds to a substantial number of gains. While XM supply you all of the tools to make money, they can't guarantee you will gain.
Does XM have fees?
Yes. To begin trading with XM, you have to deposit $5. Certain commissions while trading additionally apply. Any processing fees from your bank might need 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 worldwide recognised agent with 3,500,000+ customers.
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 when the industry volatility keeps clients from letting their account go into the red. In a situation like this, XM provides the ability to reset a customers account balance to zero.
You are able to go through the important terms and conditions on XM's site to understand their policies.
Does XM offer guaranteed stop loss?
XM, regrettably, doesn't offer guaranteed stop loss. XM provides an opportunity for its dealers to close their trade at their given price. Apart from that, XM doesn't offer guaranteed stop loss.
Does XM allow scalping?
Yes, XM does permit scalping. Many traders throughout the world choose XM due to their services that are trading. They offer trading on MT4, MT5, Mac, Web Trader, Tablet & Mobile apps which let 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 demo accounts so you can test your trading strategies before risking any real money. New traders can open a demo account in order to become better acquainted with the areas of Forex trading and test out some of the features before getting a live account.
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