XM Review: Pros, Cons, And How It Stacks Up | Updated for 2026
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 world class broker that was founded in 2009. They have around 1493 employees that help the company offer , 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 information surrounding XM.
If you are a new entrant in the world of trading online and brokerages, so many nuances will no doubt be confusing for you. Getting into the area of trading online requires expert assessing skills and thorough knowledge. You'll acquire adept at all the concepts of trading online and brokers while you keep trading. For starters, you need to select the right online trading platform who'll always be transparent with you.
Within this fast-paced universe of financial markets and trading, you will need advice to make proper decisions. A professionally lead investment partner could assist you in minimising any losses and maximising any returns. XM is just one such stage which can help you. It is important to learn 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 significantly impact your success. Selecting the right broker is vital for your XM investments to thrive. However, be cautious of bogus and untrustworthy brokers hiding in the shadows, ready to exploit naive traders.
It's essential to be vigilant and methodical in your XM broker selection to protect your hard-earned money. Performing your due diligence and researching the credibility of XM, its track record, and reputation is vital. Moreover, ensure the XM broker's offerings, trading tools, fees, and regulation align with your objectives.
Remember, XM should be a supportive ally 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 in-depth XM review. So, make yourself comfortable, 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 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 everything you will need to learn about trading via XM. A good broker can take your initial investments and help to protect it from losses but also give you a platform that can help to provide you profits. If you want to earn profits, you must trade with a brokerage service that aligns with your investing objectives.
Of course, there is no sure-fire way to guarantee profits; thus, you should carefully assess your broker before you select them. It's a frequent misconception that all brokers are the same, but that is not true. Wrong judgment, in the beginning, can set your investments at risk.
XM is a trading partner which has found its way successfully into the brokerage world. In this review, we've attempted to collate a number of the vital aspects of XM. This guide can allow you to understand whether XM is a fantastic match for your investments or not. We have 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 includes an extremely reputable and full-featured trading site that's focused on currency, indices, metals, sharesand commodities.
Over the past 17 years, XM has developed into one of the leading online brokers available to the public.
After being founded in 2009, their client base has increased to 3,500,000+ clients.
XM is the favourite for many traders because of its negative balance protection. Our XM account review found that they are a superb solution for online trading options. They are best suited for investors that are searching for an assortment of assets. Social and easy to use trading options are the heart at XM.
Technology plays a substantial role in XM. They features trading on MT4, MT5, Mac, Web Trader, Tablet & Mobile apps. XM is honest, 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 variety of resources will be beneficial for the majority of traders. Third-party partnerships also provide in-house analysis.
Who Founded XM?
The founders of XM are Constantinos Cleanthous
The founders of XM are famous for their expertise in the world of internet trading. However, there are a lot of other important employees in XM who have a significant impact on it's success.
The educational section at XM is very enlightening for new traders as it permits them to get 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 using XM in 2026
Trading with XM includes numerous advantages. These advantages are what sets XM ahead of the rest of the online agents. You need to check all the advantages listed so you have a better comprehension of XM.
The agent goes to great lengths to comprehend what traders want. Consequently, the service, quick, and convenient. The broker also gives a number of platforms for all types of traders. XM ensures that the individual needs of all traders are met to the best of their capabilities.
XM also includes excellent trading conditions that are readily available to all and not only an elite group of institutional clients. The tight spreads and quick executions are a great benefit for all traders. The technology embraced by XM is among the maximum caliber, making sure that it's fast, reliable, and efficient.
XM acknowledges the importance of owning a quick order execution. A fast implementation will allow users to exchange without worrying about slippage safely. It is going to also help the dealers to catch any opportunities.
Copy trading is another important facet of XM. A new dealer can learn from business experts using the automatic copy trading alternative. This allows you to monitor 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. What stocks they are monitoring, what to buy, what to sell. This allows intermediate traders to absorb the expert knowledge and make their own trades based off it. This is independent copy trading.
XM has over 100 trading tools to support all kinds of traders. These tools are lively and convenient for both new and experienced traders. All traders can put 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 should know about trading using XM
XM is a lively platform that offers various methods of trading. These instruments cover the monetary markets substantially. Most of the broker platforms offer fewer methods than XM
If you wish to trade with XM, you'll require a minimum deposit of $5. This deposit is compulsory if you want to start trading with XM. This 2026 XM review will guide you clearly about trading with them.
XM is as versatile as another brokerage platform. XM is great for traders that want a manageable range of low-cost services. The platforms supplied by XM are third party, white-label offerings. All traders may pick from 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 customer service which rewards clients with benefits.
Many unprofessional brokers try to pressurise users into larger funding for superior services. XM, however, is much more focused on trading volume. Dealers can expect trading conditions to be fair, honest and transparent. The more lots traded by the user, the greater advantages will become available.
XM accounts are available all over the world and provides outstanding service everywhere they have customers. 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 2026?
Launched in 2009, XM has been in operation for 17 years, they have a head office 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 measures 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 are able to make use of an option for Two Factor Authentications (2FA) with XM for increased security. An SMS with the confirmation code will be sent to a mobile phone. You'll be required to input this code to log in to your account.
Another concern with financial brokers with regards to security might be manipulation of trading. This is highly disadvantageous to users on those platforms. However, this is more prevalent 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 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 business, has a powerful collection of rules for ensuring honest trading on its own platform. For data encryption purposes, it provides an industry-standard secure socket layer (SSL).
As per the organization's privacy regulations, client data is never to be shared with some other institutions or individuals. This includes credit history and other financial details.
XM Awards
XM have won numerous industry awards over the time they have been running as an online broker. We show the most recognised awards for XM here.
- 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 brokerage that has been open for over 17 years. They offer a wide range of options in their client accounts.
Below we take the main parts of any reputable online broker 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 you need to get started on XM is $5. This is a decent amount for people just beginning. It's possible to make more advanced residue as you go along. However, make certain 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 companies of online brokerages are scaled better. That is, an internet broker isn't necessarily affected by the number of clients they have.
But this doesn't necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to make money. There are mainly three different types of penalties for this purpose.
The first kind of charges to keep an eye out for are trading fees. Whenever you make an actual trade, like buying a stock or an ETF, you're charged trading charges. In these cases, you're paying a spread, funding rate, or a commission. The sorts of trading fees and the rates vary from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the flip side, a spread refers to the gap between the buying and selling cost. Funding or overnight prices are those who are billed when you maintain a leveraged position for more than daily.
Apart from trading fees, online agents also bill non-trading fees. These are dependent on the activities you undertake in your accounts. They're billed for things like depositing money, not investing for lengthy periods, or withdrawals.
Generally, XM doesn't charge high fees compared to other online agents. For operations other agents charge for, they do not charge a broker fee, or they charge a smaller amount. This can be beneficial for those who regularly trade, for example weekly or daily trading.
But, non-trading fees billed by XM are relatively competitive. As a result, you are billed more for non-trading activities in your trading accounts, such as deposits and withdrawal. These aren't related to the purchase and sale of resources.
This XM review breaks down each of the applicable 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 moment from the XM account. It's possible to withdraw up sums to the sum of your account balance, keeping aside the margin utilized. One thing to keep in mind is that you don't necessarily have to have any money in your account.
Moreover, the withdrawn money will be transferred directly to the account you use to create deposits. Therefore, in the event that you used a credit card for deposits, then the withdrawn cash is going to be sent to the cardXM will ask you to provide other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you're withdrawing money in various currencies from USD, a conversion fee is also applicable. The conversion fee will be dependent on the money you are opting to draw in.
XM Inactivity Fees Explained
XM charges an inactivity fee if you don't create any trades for a while.
Even if no fees are implied by XM, it's best that you close the account if you're inactive. Inactivity fees are not only charged by brokerage firms but also many financial services.
For other trading platforms, the inactivity fee depends on the sort of account you've chosen. The inactivity fee is subjected to many conditions and should be revealed 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 billed by the broker. Most agents do not 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 easy. You simply have to finish a single-user profile questionnaire to start depositing money into your trading account. You will need to give an identity proof and proof of residency to deposit substantial sums.
Compare XM Vs Other Broker Deposit Methods
What Can You Trade With XM in 2026?
Note: XM provides a lot of different trading instruments due to regulatory restrictions in various countries. Trading instruments offered can be different depending 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 improved. The table below was accurate 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 tested the options for customer service as well as response times. on the XM trading platform issue 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 tried the live chat on XM and it works well. We sent messages via XM livechat via their app and web site and recieved a response after 10 seconds. Sometimes there was no response.
We have tested communication via XM support in multiple languages and in various countries. XM were successful in resolving customers' issues.
XM Phone Support
We called XM and the call was responded to very promptly. The call was answered in less than 5-10 minutes.
The XM phone support team was able to effectively address our queries and problems over the phone. We tested the multi-lingual XM team by calling in varying languages. XM made an effort to ensure our queries were answered.
The overall support via phone from XM was satisfactory.
XM Email Support
We have sent numerous messages to XM and answer times overall were excellent. The fastest email response time from XM was 2 hours while the most slow response was 8 days! Sometimes , there wasn't a response. Support response times may vary for you with XM, however we have had this experience sending 10 emails at varying times.
The team resolved and answered our queries. The overall average of email support provided by XM was outstanding.
Alternatives To XM
If, after reading this XM review, they do not meet your needs check out these XM alternatives.
We've scoured the web to find the best alternatives to XM. Click on 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 convenience of inexperienced traders. You can use this feature to build your faith in the system as well as yourself and your trading strategies.
If you register to get a demo account on XM, you may set out using a decent amount of virtual money. It is to establish a sense of security and confidence in you before you decide to invest your own money.
With a virtual XMdemo account, you are able to experiment in any way, to whatever length you desire. You might even open positions, examine different trading strategies, and much more.
XM specifies on its official website how you are able to exchange real time stocks with your demo account.
Is XM safe?
It is possible to drop all of your worries since we believe that XM is perfectly safe to use. It's in compliance with all the rules of International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
Even so, XM doesn't provide 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 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 money. You have to bear in mind that PayPal is not available in every place. The monies XM accepts for deposit are USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD.
Other deposit methods you can adopt are Neteller, Skrill, Rapid Transfer, and iDeal. Besides online banking, wire transfer is a possibility also, even 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 works with proper conformation to regulations. It's established lots of measures to guard all its investors.
XM protects its customers' personal 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 requires an SMS confirmation that you access your account.
Is XM trading good?
Yes, trading through XM is a nice and good experience indeed. It's an excellent and intuitive platform with useful features for your simplicity. In addition, you could even obtain access to a huge collection of educational tools and assistive material to kickstart your trading expertise.
If you are still skeptical, it is possible to open 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 can't 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 an excellent agent, and its own users can vouch for it. The highlight of the platform is its quick order execution on trades.
You'll find the clean design of the platform along with the commendable 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 users and over 17 years of expertise on its own record. They are among the world's top trading platforms and also a dominant figure in the Fintech revolution.
It simplifies this status to its unbelievable platform and wide selection of tools plus resources so you can 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, many traders make a lot of cash. But, just like all online brokerages, 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 to be a small number, but over the year, this adds to a significant amount of gains. While XM provide you all of the tools to make money, they can't guarantee that you will profit.
Does XM have fees?
Yes. To begin trading using XM, you have to deposit $5. Certain commissions while trading additionally apply. 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 clients from letting their account go in 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 critical terms and conditions on XM's site to comprehend their policies better.
Does XM offer guaranteed stop loss?
XM, regrettably, does not offer guaranteed stop loss. XM provides a chance to its dealers to close their trades at their given price. Apart from that, XM does not offer guaranteed stop loss.
Does XM allow scalping?
Yes, XM does allow scalping. Many traders throughout the world choose XM for 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 learn their systems before risking any real capital. Inexperienced traders can open a virtual portfolio account in order to better understand the aspects of Forex trading and test out some of the company’s features before risking a live account.
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