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 offer , 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 most recent info surrounding XM.
If you are a new entrant in the realm of trading online and brokerages, so many details will no doubt be confusing for you. Getting into the area of online trading demands expert analytical skills and comprehensive understanding. You'll acquire adept at all of the concepts of trading online and brokers as you continue trading. For starters, you need to select the right online trading platform who will consistently be transparent with you.
Within this fast-paced world of financial markets and trading, you'll need advice to make educated decisions. A professional, direct investment plan could aid you in minimising any losses and maximising any returns. XM is just one such stage which can assist you. It is crucial that you learn 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 significantly impact 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 cautious and methodical 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 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 in-depth XM review. So, make yourself comfortable, 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 2025 – Brief 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 |
77.29% of retail investor accounts lose money when trading CFDs with this provider. |
Our full XM review for beginners covers everything you need to learn about trading via 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 provide you profits. If you want to earn profits, you should trade with a broker service that contrasts with your investment goals.
Of course, there's absolutely no sure-fire method to ensure profits; therefore, you should carefully analyze your broker before you select them. It is a frequent misconception that all brokers will be the same, but that is not true. Wrong judgment, initially, can put your investments in danger.
XM is a trading partner that has found its way successfully into the broker world. Within this review, we have attempted to collate a number of the important aspects of XM. This guide can help you to learn whether XM is a good fit for your own investments or not. We've attempted to breakdown all the qualities and fees for your advantage.
Who are XM?
XM is a forex broker with its headquarters in Cyprus and provides a variety of instruments for online trading. Since its start in 2009 they have emerged as a top player in the field of online trading. XM includes an extremely aggressive and full-featured trading site that's focused on forex, indices, metals, stocks and commodities.
Over the past 16 years, XM has grown into one of the best online brokers available to the public.
After being founded in 2009, their consumer base has increased to 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're a reputable platform for online trading options. They are best suited for investors that are looking for a variety of assets. Social and easy to use trading solutions are the core at XM.
Technology plays a substantial role in XM. They offers trading on MT4, MT5, Mac, Web Trader, Tablet & Mobile apps. XM is fair, 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 most traders. Third-party partnerships also supply in-house research.
Who Founded XM?
The founders of XM are Constantinos Cleanthous
The founders of XM are famous for their experience in the sphere of internet trading. However, there are a lot of other key employees in XM who have a substantial contribution to it's success.
The educational section at XM is very comprehensive for new traders since it allows them to get a closer look at the financial markets. XM caters to all types of traders and are a must-have broker for any well-diversified method of online trading.
XM Review Videos
Benefits of trading with XM in 2025
Trading with XM includes numerous benefits. These advantages are what sets XM apart from all other online brokers. You need to check all of the advantages listed so that you have a better comprehension of XM.
The broker goes to great lengths to comprehend what traders want. Consequently, the service, fast, and convenient. The agent also gives a variety of programs for all types of traders. XM ensures that the individual needs of all traders are met to the best of their ability.
XM also features excellent trading conditions that 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 adopted by XM is among the maximum caliber, making sure that it is fast, reliable, and efficient.
XM acknowledges the significance of having a quick order execution. A quick implementation will allow users to exchange without fretting about slippage safely. It is going to also aid the dealers to catch any opportunities.
Copy trading is another important facet of XM. A new trader can learn from business experts using the automated copy trading option. This means you can see well performing traders and instantly mirror 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. 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 instruments to support all kinds of traders. These tools are dynamic and convenient for both new and seasoned traders. All dealers can put aside all their concerns when trading with 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 should know about trading using XM
XM is a lively platform that provides various procedures of online trading. These tools cover the financial markets substantially. Most of the brokerage platforms offer less methods than XM
If you wish to exchange with XM, you'll require a minimum deposit of $5. This deposit is required if you want to begin trading with XM. This 2025 XM review will direct you clearly about trading with them.
XM is as flexible as any other brokerage platform. XM is excellent for traders that want a manageable range of cheap services. The programs offered by XM are third party, white-label offerings. All traders can 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 on which a transaction must be kept available. The brokers provide premium client service which rewards clients with advantages.
Many unprofessional brokers try to pressurise customers into larger funding for superior services. XM, on the other hand, is much more focused on trading volume. Traders can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the user, the greater benefits will become available.
XM accounts are available globally and provides outstanding service everywhere they have clients. There are a 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?
Established in 2009, XM has been operating 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 ploicies in place to keep investor's resources secured. This usually means that XM users don't need to be worried about their money since it is segregated and safely stored 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 security. An SMS for the confirmation code will be sent to a phone. You'll be required to enter this code to log into your account.
Another concern with online brokers is in regards to safety may be manipulation of trading. This is highly disadvantageous for consumers on those platforms. Nonetheless, this is more widespread in the case of Market Maker brokers who compete with customers on the stage.
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 showing both sides. 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 strong set of rules for ensuring fair trading on its own platform. For information encryption functions, it supplies an industry-standard secure socket layer (SSL).
As per the company's privacy regulations, customer data is never to be shared with some other institutions or individuals. This includes credit history and other financial information.
XM Awards
XM have won numerous industry awards over the time they have been running as an online trading platform. We show 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 reputable trading platform that has been trading for over 16 years. They offer a wide range of options in their user accounts.
Below we take the main parts of any great 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 need to get started on XM is $5. This is a decent amount for those just beginning. It's possible to create more advanced residue as you cooperate. But, make certain that you understand how to make the most of your money before investing in larger amounts.
Commission And Fees Explained
XM is an online brokerage platform, and most 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. In other words, an online broker isn't necessarily affected by the amount of clients they have.
But this does not mean that online brokers do not charge any fees. They charge prices of varying rates for various services to make money. There are mainly three types of penalties for this purpose.
The first kind of fees to keep an eye out for are trading charges. Whenever you make a genuine trade, like purchasing a stock or an ETF, you're billed trading charges. In such instances, you're paying a spread, funding speed, or a commission. The sorts of trading fees and the prices differ from broker to broker.
Commissions could be fixed or determined by the traded volume. On the other hand, a spread denotes the gap between the buying and selling price. Financing or overnight prices are people that are billed when you hold a leveraged position for more than a day.
Apart from trading fees, online brokers also bill non-trading fees. These are dependent on the activities you undertake in your account. They are billed for operations like depositing cash, not investing for lengthy periods, or withdrawals.
In general, XM doesn't charge high fees compared to other online agents. For operations other brokers fee for, they either do not charge a broker fee, or they charge a smaller sum. This is beneficial for those who often exchange, such as daily or weekly trading.
However, non-trading fees billed by XM are relatively higher. As a result, you are charged more for non-trading actions on your trading account, such as withdrawal and deposits. These aren't about the sale and purchase of assets.
This XM review breaks down every one of the relevant non-trading fees 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 draw up sums to the sum of your account balance, keeping aside the margin used. One thing to keep in mind is that you don't always have to have any money in your accounts.
Moreover, the withdrawn money will be transferred directly to the account you use to create deposits. Thus, if you used a credit card for deposits, the withdrawn cash will be sent into the cardXM will ask you to provide other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you are withdrawing cash in various currencies from USD, a conversion fee is also important. The conversion fee will depend on the currency you're 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 charges have been indicated by XM, it's best that you close the account if you are inactive. Inactivity fees aren't just charged by brokerage companies but also many financial services.
For additional trading platforms, the inactivity fee depends on the sort of account you have chosen. The inactivity fee is subjected to a lot of circumstances and should be disclosed clearly by the agent beforehand.
XM Deposit Fees Explained
When you move money into your trading account from your bank account, a deposit fee can be charged by the broker. Most brokers do not charge an excessive amount of 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 money onto the XM trading platform is easy. You just need to complete a single-user profile questionnaire to begin depositing money into your trading account. You will need to give an identity proof and evidence of residency to deposit large amounts.
Compare XM Vs Other Broker Deposit Methods
What Can You Trade With XM in 2025?
Note: XM provides many different trading instruments due to regulatory restrictions in some countries. Trading instruments offered can 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 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 many functions and is being constantly improved. 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
In our XM broker review we examined the customer service options, response times and on the XM trading platform problem solution effectiveness. XM supports 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 through their app and website and recieved a response within 20 seconds. Sometimes there was no response.
We have tested communication via XM support in multiple languages and in various countries. XM were able to resolve our customers' concerns.
XM Phone Support
We phoned XM and the call was answered very promptly. It was responded to 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 multilingual XM team by making calls in various languages. XM made efforts to ensure all of our questions were answered.
Overall, the phone support from XM was okay.
XM Email Support
We have sent numerous emails to XM and answer times overall were very good. The fastest email response time from XM was 2 hours while the slowest response was 12 days! There were times when there was no response. Support response times may vary for you at XM, however, we've had the experience of sending out 10 emails at various times.
The team was able to resolve and answer our questions. The overall average of email support provided by XM was outstanding.
Alternatives To XM
If, after studying this XM review, they don't fulfill your requirements check out these XM alternatives.
We have scoured the web to find the best alternatives to XM. Click the links below to find out more.
Frequently Asked Questions
Can I try XM before I buy?
Absolutely! you can most certainly try XM before you buy. XM offers demo accounts for the ease of new traders. You may use this feature to build your faith in the machine as well as yourself and your trading strategies.
If you sign up to get a demo account on XM, you will set out using a decent amount of virtual currency. It is to establish a sense of security and confidence in you before you choose to spend your own money.
With a digital XMdemo account, you can experiment in any way, to whatever period you desire. You can even start positions, test different trading strategies, and much more.
XM specifies on its official website how you can trade real time stocks with your demo account.
Is XM safe?
It is possible to drop all your worries since we believe that XM is perfectly safe to use. It is 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 a number of methods to finance your account 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 funds. You must bear in mind that PayPal isn't available in all country. The monies 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 a possibility as well, though it takes approximately 4-7 days.
Is my money safe with XM?
Yes, your cash is safe and protected with XM. As you already know, XM operates with proper conformation to regulations. It's established plenty of measures to protect all of its investors.
XM safeguards its clients' private and sensitive data under SSL encryption. Your funds will be retained highly secure in top-tier banks.
If you wish to further protect your account, it is possible to enable Two-Step Verification as well. It takes an SMS confirmation for you to access your account.
Is XM trading good?
Yes, trading through XM is a pleasant and decent experience indeed. It's a great and intuitive platform with useful features for your ease. Moreover, you can even obtain access to a huge selection of educational tools and assistive material to kickstart your trading experience.
If you are still skeptical, you can open a eToro demo account and assess the trustworthiness of the platform for yourself.
Which Countries do XM support?
XM operates around the world. However, due to regulations XM doesn'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 a great agent, and its users can vouch for it. The highlight of this platform is its fast order execution on transactions.
You'll find 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 indisputably one of the business leaders. It has over 3,500,000+ registered users and over 16 years of expertise on its own record. They're one of the world's leading trading platforms and also a dominant figure in the Fintech revolution.
It simplifies this standing to its incredible platform and wide range of resources plus tools so that you can invest in 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, many traders make a lot 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 quickly adds to a substantial number of gains. Even though XM supply you all the tools to earn money, they can't guarantee you will gain.
Does XM have fees?
Yes. To begin trading using XM, you have to deposit $5. Certain commissions while trading additionally applies. 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 globally recognised agent 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 specially offered while the market volatility prevents customers from allowing their accounts go in the red. In a situation like this, XM offers the ability to reset a customers account balance to zero.
You are able to go through the important conditions on XM's website to comprehend their policies better.
Does XM offer guaranteed stop loss?
XM, regrettably, does not provide guaranteed stop loss. XM gives an opportunity for its dealers to close their trades in their specified price. Aside from this, XM doesn't provide guaranteed stop loss.
Does XM allow scalping?
Yes, XM does allow scalping. Many traders throughout the world select XM for their scalping services. 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. Newbie 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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Table Of Contents
- Who are XM?
- Benefits Of Trading With XM
- Everything you should know about trading with XM
- Is XM Safe To Trade With?
- XM Risk Disclaimer
- Pro's & Con's Of Trading With XM
- Compare Brokers Similar To XM
- XM Regulation And Licencing
- XM Awards
- Minimum Deposit Required For A Live Account With XM
- XM Commission And Fees
- Compare broker fees against XM
- XM Withdrawal Fees Explained
- XM Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With XM?
- XM Customer Support
- XM Live Chat Support
- XM Phone Support
- XM Email Support
- Alternatives To XM
- Frequently Asked Questions About XM