XM Review: Pros, Cons, And How It Stacks Up | 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 professional broker that was founded in 2009. They have around 1493 employees that help the company provide , to 3,500,000+ customers through MT4, MT5, Mac, Web Trader, Tablet & Mobile apps.
XM Guide – Read our In-Depth XM Review
XM Rating: 7.18 / 10
This XM review page contains information about investing with XM. It is intended for educational purposes only and should never be considered financial advice. comparebrokers.org is not a brokerage or advisory service. We do not recommend or advise that investors buy or sell securities or stocks.
All of the information about the brokers you see reviewed on comparebrokers.org come from our partners, some of whom we have an affiliate relationship with. These partners do not control the content on the page beyond providing us with datapoints to ensure that (as far as possible) the information in our database is accurate. The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to their users. Our proprietary rating algorithm takes all of the datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones for their needs.
Please note that due to regulations, the content in this review of XM does not apply to users in Canada, Israel, and United States of America.
This XM review contains the latest information about XM.
If you're new to the realm of trading online and brokers, so many nuances will no doubt be perplexing for you. Getting into the area of online trading requires expert analytical skills and comprehensive knowledge. You will get adept at all the concepts of online trading and brokerages as you keep trading. For starters, you need to choose the right online trading platform who'll consistently be transparent with you.
Within this fast-paced universe of financial markets and online trading, you will need advice to make educated decisions. A professionally lead investment partner could help you in minimising any potential losses and maximising any profits. XM is one such stage which will assist you. It's important to understand about any broker before you trust them with your money.
When engaging in online trading with platforms such as XM, it's crucial to meticulously examine 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 rigorous 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 objectives.
Remember, XM should be a trusted partner on your trading journey.
Our team has devoted their efforts 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, settle in, grab a cup of coffee, and immerse yourself in learning about XM and how it can work to your advantage, or if XM might not be the right fit for you.
XM Guide for 2026 – Brief 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 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 provide you positive profits. If you want to make profits, you should trade with a brokerage service that contrasts with your investing goals.
Of course, there is no sure-fire way to guarantee profits; thus, you must carefully analyze your broker before you choose them. It is a frequent misconception that all brokers will be exactly the same, but that is not correct. Wrong judgment, in the beginning, can set your investments in danger.
XM is a trading partner that has forged its way successfully to the brokerage world. In this review, we've attempted to collate a number of the vital facets of XM. This guide can allow you to learn whether XM is a great match for your investments or not. We have tried to breakdown all the features and fees for your advantage.
Who are XM?
XM is a online trading broker with its head office in Cyprus and provides a range of tools for online trading. Since its establishment in 2009 they have emerged as a top-tier player in the field of online trading. XM has 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 establishing itself in 2009, their client 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 discovered that they're a reputable alternative for online trading solutions. They're most appropriate for investors who are searching for an assortment of assets. Social and easy to use trading options are the core at XM.
Technology plays a significant role in XM. They offers trading on MT4, MT5, Mac, Web Trader, Tablet & Mobile apps. XM is fair, transparent, and 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 tools 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 creators of XM are famous for their expertise in the world of internet trading. However, there are a lot of other key people in XM who have a significant impact on it's success.
The educational section at XM is quite enlightening for new dealers since it permits 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 trading.
XM Review Videos
Benefits of trading with XM in 2026
Trading with XM includes many advantages. These benefits are what sets XM apart from the rest of the online brokers. You need to check all the advantages listed so you have a better comprehension of XM.
The broker goes to great lengths to understand what traders want. Consequently, the support, quick, and convenient. The broker also gives a variety of programs for all kinds of traders. XM helps to ensure that the individual needs of all online traders are met to the best of their capabilities.
XM also features excellent trading conditions that are readily available to all and not only an elite group of institutional customers. The tight spreads and fast executions are a fantastic advantage for all traders. The technology adopted by XM is among the maximum caliber, making sure that it is fast, reliable, and effective.
XM acknowledges the significance of having a quick order execution. A fast execution will allow users to exchange without fretting about slippage safely. It will also help the traders to grab any opportunities.
Copy trading is another important facet of XM. A new trader can learn from business experts utilizing the automated copy trading alternative. This allows you to monitor well performing brokers 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 instruments are lively and convenient for both new and experienced traders. All traders can set 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.
What you ought to know about trading using XM
XM is a dynamic platform that offers various procedures of trading online. These instruments cover the monetary markets substantially. Most of the brokerage platforms offer fewer approaches than XM
If you would like to exchange with XM, you will need a minimum deposit of $5. This deposit is required if you want to start trading using XM. This 2026 XM review will guide you easily about trading with them.
XM is as versatile as another brokerage platform. XM is excellent for traders who want a manageable array of low-cost services. The programs supplied by XM are third-party, white-label offerings. All traders may choose from 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 is no minimum time on which a transaction must be kept open. The brokers provide premium client service which rewards clients with advantages.
Many unethical brokers try to pressurise customers into bigger funding for superior services. XM, however, is much more concentrated on trading volume. Dealers can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the user, the greater benefits will come along.
XM accounts are available around the world and provides excellent service wherever they have clients. 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 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 mandate that trading platforms have measures in place to maintain 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 established banks. SSL encryption secures every user's personal information also.
You can make use of a choice for Two Factor Authentications (2FA) with XM for heightened security. An SMS with the verification code will be sent to a mobile phone. You will be asked to enter this code to log into your account.
Another concern with online trading brokers is in respect to safety may be manipulation of trading. This is highly disadvantageous to users on these platforms. Nonetheless, this is more prevalent in the case of Market Maker brokers who compete with users 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 will have a few pros and cons 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 company, has a powerful collection of rules for ensuring fair trading onto its own platform. For data encryption functions, it supplies an industry-standard secure socket layer (SSL).
As per the organization's privacy regulations, client data is to not 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 a financial broker. We detail the most recognised awards for XM below.
- In 2014 XM was awarded Best FX Technology Provider.
- In 2015 XM was awarded Best FX Technology Provider by Brokers Billboard.
- In 2017 XM was awarded Best Trading Support by Capital Finance International Magazine .
- In 2020 XM was awarded Best FX Service Provider for 2020 by City of Wealth Management.
- In 2020 XM was awarded Best Broker in Customer Service.
XM Trading Platforms
XM are a reputable trading platform that has been open for over 17 years. They offer a wide range of options in their client accounts.
In the following table 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 an adequate amount for people just beginning. It's possible to create more advanced deposits as you go along. But, make certain 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 many online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled much better. That is, an online broker isn't necessarily influenced by the number of customers they have.
However, this doesn't necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to make money. There are primarily 3 types of penalties for this purpose.
The first sort of charges to keep an eye out for are trading charges. When you make an actual trade, like buying a stock or an ETF, you're charged trading fees. In such cases, you're spending a spread, financing speed, or a commission. The sorts of trading charges and the rates vary from broker to broker.
Commissions can be fixed or determined by the traded volume. On the flip side, a spread denotes the difference between the buying and selling price. Funding or overnight prices are those who are billed when you hold a leveraged position for more than a day.
Apart from trading charges, online brokers also bill non-trading fees. These are dependent on the activities you undertake on your accounts. They're billed for things like depositing cash, not investing for long periods, or withdrawals.
In general, XM doesn't charge high fees compared to other online agents. For operations other brokers charge for, they do not charge a brokerage fee, or they charge a smaller sum. This can be beneficial for people who regularly trade, for example weekly or daily trading.
However, non-trading fees charged by XM are comparatively higher. As a result, you're billed more for non-trading activities on your trading accounts, like deposits and withdrawal. These are not about the sale and purchase of assets.
This XM review breaks down every one 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 your XM account. You can withdraw sums up to the sum of your account balance, keeping aside the perimeter used. One thing to remember is that you don't always need to have any cash in your accounts.
Moreover, the withdrawn money will be transferred directly to the accounts you use to make deposits. Thus, if you used a credit card for deposits, the withdrawn money will be sent into 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 case you are withdrawing money in various currencies from USD, a conversion fee is also important. The conversion fee will depend on the currency you're choosing to draw in.
XM Inactivity Fees Explained
XM charges an inactivity fee if you don't make any trades for a while.
Even if no fees have been implied by XM, it is best for you to close the account if you're inactive. Inactivity fees are not only charged by brokerage companies but also many financial services.
For other trading platforms, the inactivity fee is contingent on the sort of account you've chosen. The inactivity fee is exposed to many circumstances and needs to be revealed clearly by the agent beforehand.
XM Deposit Fees Explained
When you transfer money into your trading account by the bank account, a deposit fee can be billed by the broker. Most agents 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 simply have to complete a single-user profile questionnaire to begin depositing money into your trading account. You will need to provide an identity proof and evidence of residency to deposit substantial amounts.
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 a few countries. Trading instruments offered may differ 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 many functions and is being developed all the time. What follows 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 looked at the options for customer service as well as response times. on the XM trading platform problems solving 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 live chat on XM and it works well. We sent messages to XM livechat via their app and web site and received a response within 20 seconds. On Occasion there was no response.
We tried communicating with XM support in a variety of languages across multiple countries. XM were successful in resolving customer issues.
XM Phone Support
We made a call to XM and the call was responded to very promptly. We were able to have the call answered within less than 5-10 minutes.
The XM phone support team were able to effectively address our queries and problems on the phone. We tested the multilingual XM team by making calls in various languages. XM made efforts to ensure our queries were answered.
Overall, the phone support from XM was okay.
XM Email Support
We sent several email to XM and responses were generally excellent. The fastest email response from XM was 5 hours while the most slow response was 8 days! Sometimes , there were no responses. Response times to support may differ depending on what is needed from XM, however we have had this experience sending out 10 emails at various times.
The team was able to resolve and answer our queries. Overall average email support from XM was outstanding.
Alternatives To XM
If, after reading this XM review, they don't quite fulfill your needs check out these XM alternatives.
We've scoured the internet 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?
Absolutely! you can most certainly try XM before you buy. XM offers demo accounts for the convenience of new traders. You can use this feature to build your faith in the machine and yourself and your trading strategies.
If you sign up to get a demonstration account on XM, you will set out using a decent amount of virtual money. It is to establish a feeling of security and confidence in you before you choose to spend your own money.
With a virtual XMdemo account, you are able to experiment at all, to whatever period you desire. You can also open positions, test different trading strategies, and more.
XM shows on its official site that you are able to trade real time stocks in a demo account.
Is XM safe?
You can drop all of your worries since we believe that XM is totally safe to use. It's in compliance with all the principles of International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
Even so, XM does not 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 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 funds. You must bear in mind that PayPal isn't available in every country. The monies XM accepts for deposit are USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD.
Other deposit techniques you can embrace are Neteller, Skrill, Rapid Transfer, and iDeal. Besides online banking, wire transfer is an opportunity as well, though it takes approximately 4-7 days.
Is my money safe with XM?
Yes, your money is safe and secure with XM. As you know, XM works with proper conformation to regulations. It has established lots of measures to guard all its own investors.
XM protects its customers' private and sensitive data under SSL encryption. Your funds will be retained highly secure in top-tier banks.
If you wish to further safeguard your accounts, you can enable Two-Step Verification as well. It requires an SMS affirmation for you to access your account.
Is XM trading good?
Yes, trading via XM is a nice and good experience indeed. It's an excellent and intuitive platform with useful features for your ease. Moreover, you could even obtain access to a vast collection of educational resources and assistive substance to kickstart your trading expertise.
If you are still skeptical, it is possible to start a eToro demo account and assess the credibility of the platform for yourself.
Which Countries do XM support?
XM operates around 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 a great broker, 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 layout of this platform and the admirable features 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 industry leaders. It supports over 3,500,000+ registered customers and over 17 years of experience on its record. They are one of the world's leading trading platforms and a dominant figure in the Fintech revolution.
It simplifies this status to its unbelievable platform and broad 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 earn a great deal of cash. However, just like all online brokers, 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 small number, but over the year, it quickly adds to a substantial number of gains. While XM provide 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 need 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's specially offered when the industry volatility prevents customers from allowing their account go in the red. In a situation like this, XM offers the ability to reset a customers account balance to zero.
You should go through the important terms and conditions on XM's website to understand their policies better.
Does XM offer guaranteed stop loss?
XM, unfortunately, doesn't provide guaranteed stop loss. XM gives an opportunity for its traders to close their trade at their given price. Apart from this, XM does not provide guaranteed stop loss.
Does XM allow scalping?
Yes, XM does permit scalping. Many traders across the world choose XM due to their services that are trading. They offer trading on MT4, MT5, Mac, Web Trader, Tablet & Mobile apps which allow this.
Does XM allow hedging?
Yes, XM does allow hedging.
Can you trade energies with XM?
Yes, you can trade energy stocks with XM
Can you trade agricultural shares with XM?
No, unfortunately you cannot trade agricultural stock with XM
Can you trade cryptocurrency with XM?
No, unfortunately you cannot trade cryptocurrency with XM
Can you trade metals with XM?
Yes, you can trade metals with XM
Can you trade UK Shares with XM?
No, unfortunately you cannot trade UK shares with XM
Can you trade US Shares with XM?
No, unfortunately you cannot trade US shares with XM
Can you trade Japanese Shares with XM?
Yes, you can trade Japanese shares with XM
Can you trade German Shares with XM?
Yes, you can trade German shares with XM
Does XM accept bank transfers?
Yes, XM accepts bank transfers for depositing money.
Does XM accept credit cards?
Yes, XM accepts credit cards for depositing money.
Does XM accept PayPal?
No, XM does not accept PayPal.
Does XM accept Skrill?
No, XM does not accept Skrill.
Does XM accept Payoneer?
No, XM does not accept Payoneer.
Does XM accept Neteller?
Yes, XM accepts Neteller for depositing money.
Does XM offer Live Chat customer support?
Yes, XM offers customer support through live chat.
Does XM offer phone customer support?
Yes, XM offers customer support over the telephone.
Does XM offer email customer support?
Yes, XM offers customer support through email.
What languages can XM communicate in?
XM has the ability to communicate and support customers who speak: Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish
Does XM have a wikipedia page?
Yes, XM does have a wikipedia page. It can be found at
Does XM offer demo accounts?
Yes, XM offers demo accounts so you can test your trading strategies before risking any real capital. Newbie traders can open a virtual portfolio account in order to become better acquainted with the aspects of Forex trading and test out some of the company’s features before getting a live account.
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