XM Review: Pros, Cons, And How It Compares | 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 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 new to the world of online trading and brokerages, so many facts will no doubt be perplexing for you. Getting into the area of trading online demands expert analytical skills and thorough understanding. You'll acquire proficient at all of the concepts of trading online and brokerages while you keep trading. For starters, you need to choose the ideal broker who'll always be clear with you.
Within this fast-paced universe of financial markets and online trading, you will need guidance to make educated decisions. A professionally lead investment program could help you in minimising any potential losses and maximising any profits. XM is just one such broker that will help you. It's important to know all you can about any broker until you trust them with your money.
When engaging in online trading with platforms such as XM, it's crucial to carefully assess XM as your broker, as this choice can significantly impact your success. Selecting the right broker is vital for your XM investments to thrive. However, be cautious of counterfeit and untrustworthy brokers hiding in the shadows, ready to exploit naive traders.
It's essential to be cautious and comprehensive in your XM broker selection to protect your hard-earned money. Performing your due diligence and researching the reliability of XM, its track record, and reputation is vital. Moreover, ensure the XM broker's offerings, trading tools, fees, and regulation align with your preferences.
Remember, XM should be a reliable companion 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 benefit you, or if XM might not be the right fit for you.
XM Review for 2026 – 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 |
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77.29% of retail investor accounts lose money when trading CFDs with this provider. |
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Our entire XM review for beginners covers all you need to know about trading with 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 make profits, you should trade with a broker service that aligns with your investment goals.
Of course, there's absolutely no sure-fire way to guarantee profits; therefore, you should carefully analyze your agent before you select them. It's a common misconception that all agents are the same, but that's not correct. Wrong judgment, in the beginning, can set your investments at risk.
XM is a trading partner that has forged its way successfully to the brokerage world. Within this review, we have attempted to collate a number of the important aspects of XM. This guide will help you to learn whether XM is a great match for your investments or not. We have attempted to breakdown all of the features and charges for your convenience.
Who are XM?
XM is a foreign exchange broker headquartered in Cyprus and provides a range of tools for trading. Since its inception in 2009 they have emerged as a top player in the field of online trading. XM has a highly professional and full-featured trading website that's focused on currency, indices, metals, stocks and commodities.
Over the past 17 years, XM has become one of the top online brokers available to the public.
After establishing itself in 2009, their client base has increased to 3,500,000+ clients.
XM is a favourite for many stock dealers because of its negative balance protection. Our XM account review discovered that they're a superb solution for online trading options. They're best suited for investors who are looking for an assortment of assets. Social and easy to use trading solutions are the core 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 broker 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 supply in-house research.
Who Founded XM?
The founders of XM are Constantinos Cleanthous
The creators of XM are known for their experience in the world of internet trading. However, there are a lot of other important men and women at XM who have a significant impact on it's success.
The trader resource department at XM is very enlightening for new traders as it allows them to have a closer look in the financial markets. XM caters to all sorts of traders and are a must-have broker for any well-diversified approach to trading.
XM Review Videos
Benefits of using XM in 2026
Trading with XM comes with numerous advantages. These benefits are what sets XM ahead of all other online brokers. You should check all the advantages listed so that you have a better understanding of XM.
The broker goes to great lengths to understand what traders want. Consequently, the service, quick, and convenient. The broker also provides a number of platforms for all kinds 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 just an elite group of institutional clients. The tight spreads and fast executions are a great benefit for all traders. The technology embraced by XM is of the maximum caliber, making sure that it is fast, reliable, and effective.
XM admits the significance of having a fast order execution. A quick implementation will allow users to trade without worrying 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 utilizing the automatic copy trading option. This allows you to see 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. 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 types of traders. These instruments are dynamic and convenient for both the new and seasoned 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.
Everything you ought to know about trading with XM
XM is a dynamic platform that offers various procedures of online trading. These instruments cover the monetary markets substantially. Most of the brokerage platforms offer less approaches than XM
If you want to exchange with XM, you'll need a minimum deposit of $5. This deposit is required if you wish to start trading using XM. This 2026 XM review will guide you clearly about trading with them.
XM is as versatile as any other broker platform. XM is ideal for traders that want a manageable array of low-cost services. The platforms supplied by XM are third-party, white-label offerings. All traders can choose 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 no minimum time on which a trade must be kept open. The brokers provide premium client service which rewards clients with benefits.
Many less reputable brokers try to pressurise users into bigger financing for premium services. XM, though, is more concentrated on trading volume. Traders can expect trading conditions to be fair, honest and transparent. The more lots traded by the consumer, the more benefits will become available.
XM accounts are available around the world and provides quality service wherever they have clients. There are some select few countries where XM accounts are not available. Traders in the following countries cannot open or use a XM account:
Canada, Israel, and United States of America.
Is XM Safe To Trade With In 2026?
Established in 2009, XM has been in operation for 17 years, they are headquarted in Cyprus
XM is regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC). These figures have rules that mandate that trading platforms have measures in place to maintain investor's resources procured. This usually means that XM users do not need to worry about their money since it's segregated and safely stored in established banks. SSL encryption secures every user's personal information as well.
You can make use of an option for 2 Factor Authentications (2FA) with XM for increased security. An SMS with the confirmation code will be sent to your mobile phone. You'll be asked to input this code to log into your account.
Another concern with online brokers with respect to safety might be manipulation of trading. This is highly disadvantageous to users on those platforms. Nonetheless, this is more widespread in the case of Market Maker brokers who compete with users on the platform.
XM Risk Disclaimer
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.29% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Pro's & Con's Of Trading With XM
Every online trading platform 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 company, has a powerful set of rules for ensuring honest trading on its own platform. For information encryption purposes, it provides an industry-standard secure socket layer (SSL).
In accordance with the company's privacy regulations, client information is never to be shared with any other institutions or individuals. This includes credit history and other financial details.
XM Awards
XM have won many industry awards over the time they have been operating as an online trading platform. We show the most notable 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 professional brokerage that has been operating for over 17 years. They offer a wide range of options in their customer accounts.
Below we take the main parts of any great broker 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 that you must deposit to begin on XM is $5. This is an adequate amount for those just starting out. It's possible to make more complex residue as you go along. However, ensure you know how to make the most of your cash before investing larger amounts.
Commission And Fees Explained
XM is an online broker platform, and most online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the companies of online brokerages are scaled better. That is, an internet broker is not necessarily influenced by the number of clients they have.
But this doesn't mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to earn money. There are mainly 3 different types of fees for this objective.
The first kind of charges to look out for are trading fees. Whenever you make an actual trade, like buying a stock or an ETF, you are charged trading charges. In such cases, you are spending a spread, financing rate, or a commission. The sorts of trading fees and the prices differ from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the flip side, a spread denotes the difference between the buying and selling price. Financing or overnight prices are people who are billed when you maintain a leveraged position for more than a day.
Apart from trading fees, online brokers also bill non-trading fees. These are determined by the actions you undertake on your account. They're billed for things like depositing cash, not trading for long periods, or withdrawals.
In general, XM doesn't charge high fees in comparison to other online agents. For operations other agents fee for, they either do not charge a brokerage fee, or they charge a smaller sum. This can be beneficial for those who regularly trade, for example daily or weekly trading.
But, non-trading fees billed by XM are comparatively competitive. As a result, you're billed more for non-trading actions in your trading account, such as deposits and withdrawal. These aren't related to the sale and purchase of assets.
This XM review breaks down every one of the applicable non-trading charges for you in detail.
Compare Broker Fees Of XM
XM Withdrawal Fees Explained
XM doesn't charge withdrawal fees.Withdrawal of money is possible at any moment from your XM account. It's possible to withdraw up sums to the amount of your account balance, keeping aside the perimeter used. 1 thing to keep in mind is that you don't necessarily need to have any cash in your accounts.
In addition, the withdrawn money will be moved directly to the accounts you use to create deposits. Therefore, in the event that you used a credit card for deposits, the withdrawn money 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're withdrawing cash in different currencies from USD, a conversion fee is also important. The conversion fee will depend on the currency 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 better for you to close the account if you're inactive. Inactivity fees aren't just charged by brokerage companies but also many financial services.
For additional trading platforms, the inactivity fee is contingent on the sort of account you've chosen. The inactivity fee is subjected to many conditions and should be revealed clearly by the agent beforehand.
XM Deposit Fees Explained
When you move money in your trading account by your bank account, a deposit fee can be charged by the broker. Most agents don't charge too much money for this particular operation.
XM doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing money on the XM trading platform is simple. You just have to complete a single-user profile survey to begin depositing money into your trading account. You'll need to give an identity evidence 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 some countries. Trading instruments offered will 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 currency 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 accurate at the time of writing this XM broker review.
Understand the capabilities of the mobile apps of XM, Startrader & freetrade below.
Trading Education Available At XM
Understand the trading resources available with XM, Startrader & freetrade below.
XM Customer Support
While collating this XM broker review we examined the customer service options including response times, and on the XM trading platform problem solving effectiveness. XM supports 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 tested the live chat on XM, and it was very effective. We sent messages to XM livechat via their website and app and recieved a response within 20 seconds. Sometimes there was no response.
We tried communicating with XM support in a variety of languages across multiple countries. XM were able to resolve our customers' concerns.
XM Phone Support
We phoned XM and the call was responded to very quickly. We were able to have the call answered within less than five to ten minutes.
The XM phone support team was able to effectively address our queries and problems on the phone. We tried the multi-lingual 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 messages to XM and answer times overall were outstanding. The fastest email response from XM was 5 hours while the longest response time was 3 days! Sometimes there was no response. Response times to support may differ for you at XM, however, we've had the experience of sending out 10 emails at various times.
The team solved and responded to our questions. Overall average email support from XM was satisfactory.
Alternatives To XM
If, after reading this XM review, they do not quite meet your needs check out these XM alternatives.
We have 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 provides demo accounts for the convenience 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 register to get a demo account with XM, you may set out using a decent amount of virtual money. It is to establish a feeling of security and confidence in you until you decide to invest your own money.
With this digital XMdemo account, you are able to experiment at all, to whatever period you wish. You can also start positions, test different trading approaches, and much more.
XM shows on its official site that you can trade real time stocks with your demo account.
Is XM safe?
It is possible to drop all of your worries because we believe that XM is completely safe to use. It is in compliance with the rules of International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
Even so, XM does not 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 ways to finance your account with XM. The process is effortless and quick, with various payment methods in your fingertips.
You can use credit or debit cards ranging 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 is not available in all place. The currencies XM accepts for deposit are USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD.
Other deposit techniques you can adopt 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 has established plenty of steps to protect all of its own investors.
XM safeguards its clients' personal and sensitive information under SSL encryption. Your funds will be retained highly secure in top-tier banks.
If you want to further protect your account, you can enable Two-Step Verification also. It requires an SMS affirmation for you to access your accounts.
Is XM trading good?
Yes, trading via XM is a nice and decent experience indeed. It is an excellent and intuitive platform with helpful features for your simplicity. In addition, you can even obtain access to a huge collection of educational resources and assistive substance to kickstart your trading expertise.
If you are still skeptical, you can start a eToro demo account and evaluate the credibility of the platform on your own.
Which Countries do XM support?
XM operates around the globe. However, due to regulations XM cannot accept clients resident in Canada, Israel, and United States of America.
Is XM legit?
XM is a legit company headquarted in Cyprus since 2009. They are regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC). XM is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is XM a good broker?
XM is an excellent agent, and its users may vouch for it. The highlight of this platform is its fast order execution on transactions.
You will find the clean layout of the platform along with 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 indisputably one of the industry leaders. It supports over 3,500,000+ registered customers and over 17 years of experience on its record. They're among the world's leading trading platforms and a dominant figure in the Fintech revolution.
It majorly owes this status to its unbelievable platform and broad selection of tools plus resources 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?
Through XM, several traders earn 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 within the year, this adds to a substantial amount of gains. While XM provide you all of the tools to earn money, they can't guarantee you will gain.
Does XM have fees?
Yes. To start trading using XM, you have to deposit $5. Particular commissions while trading additionally apply. Any processing fees from your bank might 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 worldwide 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 market volatility prevents customers from letting their accounts go into the red. In such a scenario, XM offers the ability to reset a clients account balance to zero.
You should go through the important terms and conditions on XM's website to understand their policies.
Does XM offer guaranteed stop loss?
XM, unfortunately, does not provide guaranteed stop loss. XM gives an opportunity to its traders to close their trade at their specified price. Aside from this, XM does not offer guaranteed stop loss.
Does XM allow scalping?
Yes, XM does allow scalping. Several traders throughout the world choose XM due to their scalping services. They offer trading on MT4, MT5, Mac, Web Trader, Tablet & Mobile apps which allow this.
Does XM allow hedging?
Yes, XM does allow hedging.
Can you trade energies with XM?
Yes, you can trade energy stocks with XM
Can you trade agricultural shares with XM?
No, unfortunately you cannot trade agricultural stock with XM
Can you trade cryptocurrency with XM?
No, unfortunately you cannot trade cryptocurrency with XM
Can you trade metals with XM?
Yes, you can trade metals with XM
Can you trade UK Shares with XM?
No, unfortunately you cannot trade UK shares with XM
Can you trade US Shares with XM?
No, unfortunately you cannot trade US shares with XM
Can you trade Japanese Shares with XM?
Yes, you can trade Japanese shares with XM
Can you trade German Shares with XM?
Yes, you can trade German shares with XM
Does XM accept bank transfers?
Yes, XM accepts bank transfers for depositing money.
Does XM accept credit cards?
Yes, XM accepts credit cards for depositing money.
Does XM accept PayPal?
No, XM does not accept PayPal.
Does XM accept Skrill?
No, XM does not accept Skrill.
Does XM accept Payoneer?
No, XM does not accept Payoneer.
Does XM accept Neteller?
Yes, XM accepts Neteller for depositing money.
Does XM offer Live Chat customer support?
Yes, XM offers customer support through live chat.
Does XM offer phone customer support?
Yes, XM offers customer support over the telephone.
Does XM offer email customer support?
Yes, XM offers customer support through email.
What languages can XM communicate in?
XM has the ability to communicate and support customers who speak: Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish
Does XM have a wikipedia page?
Yes, XM does have a wikipedia page. It can be found at
Does XM offer demo accounts?
Yes, XM offers demo accounts so you can learn their systems before risking any real capital. Newbie traders can open a demo account in order to better understand the aspects of Forex trading and test out some of the features before signing up for a live account.
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