XM Review: 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 world class broker that was founded in 2009. They have around 1493 employees that help the company provide , to 3,500,000+ clients through MT4, MT5, Mac, Web Trader, Tablet & Mobile apps.
XM Guide – Read our In-Depth XM Review
XM Rating: 7.18 / 10
This XM review page contains information about investing with XM. It is intended for educational purposes only and should never be considered financial advice. comparebrokers.org is not a brokerage or advisory service. We do not recommend or advise that investors buy or sell securities or stocks.
All of the information about the brokers you see reviewed on comparebrokers.org come from our partners, some of whom we have an affiliate relationship with. These partners do not control the content on the page beyond providing us with datapoints to ensure that (as far as possible) the information in our database is accurate. The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to their users. Our proprietary rating algorithm takes all of the datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones for their needs.
Please note that due to regulations, the content in this review of XM does not apply to users in Canada, Israel, and United States of America.
This XM review contains the latest details about XM.
If you're new to the world of trading online and brokerages, so many details will no doubt be perplexing for you. Getting into the world of online trading requires expert analytical skills and comprehensive understanding. You'll acquire proficient at all the concepts of online trading and brokerages while you keep trading. For starters, you have to select the right online broker who'll constantly be clear with you.
In the fast-paced world of financial markets and trading, you'll need advice to make correct decisions. A professionally lead investment program could aid you in minimising any losses and maximising any profits. XM is one such platform that will help you. It's important to know all you can about any broker before you trust them with your cash.
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 prosper. However, be cautious of counterfeit and untrustworthy brokers hiding in the shadows, ready to exploit naive traders.
It's essential to be cautious and methodical in your XM broker selection to protect your hard-earned money. Performing your due diligence and researching the 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 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 comprehensive 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 Review 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 all you need to know about trading with XM. A fantastic agent can use your first investments and help to protect it from losses but also give you a platform that can help to give you positive profits. If you want to make profits, you must trade with a brokerage service that contrasts with your investing goals.
Of course, there is no sure-fire method to ensure profits; thus, you must carefully analyze your agent before you choose them. It's a common misconception that all brokers will be exactly the same, but that's not correct. Wrong judgment, initially, can put your investments at risk.
XM is a trading partner that has found its way successfully into the broker world. In this review, we've attempted to collate a number of the vital facets of XM. This guide will allow you to learn whether XM is a fantastic match for your investments or not. We have attempted to breakdown all of the features and fees for your advantage.
Who are XM?
XM is a forex broker with its headquarters in Cyprus and provides a variety of instruments for trading. Since its inception 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 website that is focused on forex, indices, metals, shares, commodities.
Over the past 17 years, XM has grown into one of the best online brokers available to the public.
After launching in 2009, their client base has increased to 3,500,000+ clients.
XM is a favourite for many traders because of its negative balance protection. Our XM account review discovered that they're a reputable solution for online trading options. They're best suited for investors that are searching for a variety of assets. Social and easy to use trading options are the core at XM.
Technology plays a substantial role at XM. They offers trading on MT4, MT5, Mac, Web Trader, Tablet & Mobile apps. XM is fair, transparent, and also a well-regulated agent by the International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC). Their outstanding array of 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 founders of XM are famous for their experience in the sphere of internet trading. However, there are a lot of other key staff in XM who have a significant contribution to it's success.
The trader resource section at XM is very insightful for new dealers since it allows them to get a closer look in the financial markets. XM caters to all types of traders and are a must-have broker for any well-diversified method of online trading.
XM Review Videos
Benefits of using XM in 2026
Trading with XM includes many benefits. These advantages are what sets XM apart from the rest of the online agents. You need to check all the benefits listed so you have a better comprehension of XM.
The broker goes to great lengths to comprehend what dealers need. Consequently, the support, quick, and convenient. The broker also gives a variety 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 features excellent trading conditions that are available to all and not just an elite class of institutional clients. The tight spreads and quick executions are a fantastic advantage for all traders. The technology embraced by XM is of the maximum caliber, ensuring that it is fast, reliable, and effective.
XM admits the importance of owning a quick order execution. A fast implementation will allow users to exchange without fretting about slippage safely. It is going to also help the traders to grab any opportunities.
Copy trading is another major facet of XM. A new dealer can learn from industry experts utilizing the automatic copy trading option. This allows you to monitor well performing traders and instantly copy their trades and benefit from their expertise
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. It is a more independent version of copy trading
XM has over 100 trading instruments to support all kinds of traders. These instruments are dynamic and suitable for both the new and seasoned traders. All traders can set aside all their worries when trading using XM.
XM Overview
Year Founded: 2009
Regulated By: International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)
Hedquarters: Cyprus
Minimum Deposit: $5
Number Of Clients: 3,500,000+
77.29% of retail investor accounts lose money when trading CFDs with this provider.
If you feel that XM is not right for you then at the bottom of this XM review you will find a lot of alternatives to XM.
What you should know about trading with XM
XM is a dynamic platform that offers various procedures of trading. These tools cover the monetary markets considerably. Most of the broker platforms provide fewer methods than XM
If you want to trade with XM, you will need a minimum deposit of $5. This deposit is mandatory if you wish to begin trading with XM. This 2026 XM review will guide you easily about trading with them.
XM is as flexible as another brokerage platform. XM is ideal for traders that want a manageable variety of low-cost services. The programs supplied by XM are third-party, white-label offerings. All traders may pick 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 has to be kept open. The agents offer premium client service which rewards customers with benefits.
Many unethical brokers attempt to pressurise consumers into larger financing for premium services. XM, on the other hand, is much more focused on trading volume. Dealers can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the consumer, the more advantages will come along.
XM accounts are available all over the world and provides outstanding service everywhere they have clients. There are a few countries where XM accounts are not available. Traders in the following countries cannot open or use a XM account:
Canada, Israel, and United States of America.
Is XM Safe To Trade With In 2026?
Established 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 make sure that trading platforms have measures in place to keep investor's resources procured. This means that XM users do not need to worry about their money as it's segregated and safely kept in established banks. SSL encryption simplifies each user's personal information also.
You are able to make use of an option for 2 Factor Authentications (2FA) with XM for heightened safety. An SMS with the verification code will be sent to your phone. You'll be required to input this code to log in to your accounts.
Another concern with fiscal brokers is in respect to security might be manipulation of trading. This is highly disadvantageous to users on those platforms. Nonetheless, this is much more widespread 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 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 fair trading onto its own platform. For information encryption purposes, it provides an industry-standard secure socket layer (SSL).
As per the company's privacy regulations, customer data is never to be shared with some other institutions or individuals. Including credit history and other financial details.
XM Awards
XM have won numerous industry awards over the time they have been operating as a financial broker. We detail the most notable awards for XM below.
- In 2014 XM was awarded Best FX Technology Provider.
- In 2015 XM was awarded Best FX Technology Provider by Brokers Billboard.
- In 2017 XM was awarded Best Trading Support by Capital Finance International Magazine .
- In 2020 XM was awarded Best FX Service Provider for 2020 by City of Wealth Management.
- In 2020 XM was awarded Best Broker in Customer Service.
XM Trading Platforms
XM are a reputable broker that has been operating for over 17 years. They offer a large range of options in their customer accounts.
Below we take the main parts of any professional online trading platform 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 that you must deposit to get started on XM is $5. This is a decent amount for those just beginning. It's possible to make more advanced deposits as you go along. But, make certain you understand how to make the most of your cash before investing larger sums.
Commission And Fees Explained
XM is an online broker platform, and many online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled better. That is, an online broker is not necessarily influenced by the number of customers 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 make money. There are primarily three different types of penalties for this objective.
The first sort of charges to look out for are trading fees. When you make a genuine trade, like buying a stock or an ETF, you are charged trading fees. In these instances, you're paying a spread, financing rate, or even a commission. The kinds of trading charges and the prices differ from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the other hand, a spread denotes the gap between the buying and selling cost. Funding or overnight prices are people who are billed when you maintain a leveraged position for more than daily.
Apart from trading fees, online brokers also bill non-trading fees. These are determined by the activities you undertake on your accounts. They're charged for services like depositing money, not trading for long periods, or withdrawals.
Generally, XM doesn't charge high fees in comparison to other online brokers. For operations other agents charge for, they do not charge a broker fee, or they charge a lesser amount. This is beneficial for those who regularly trade, such as weekly or daily trading.
However, non-trading fees billed by XM are comparatively competitive. As a result, you are billed more for non-trading actions on your trading accounts, such as deposits and withdrawal. These aren't about the sale and purchase of resources.
This XM review breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees Of XM
XM Withdrawal Fees Explained
XM doesn't charge withdrawal fees.Withdrawal of cash is possible at any time from your XM account. You can withdraw sums up to the sum of your account balance, keeping aside the perimeter used. 1 thing to remember is that you don't always have to have any cash in your accounts.
Moreover, the withdrawn money will be moved directly to the accounts you use to make deposits. Thus, in the event that you used a credit card for deposits, then the withdrawn money 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 cash in different 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 make any trades for a while.
Even if no fees have been implied by XM, it's better for you to close the account if you're inactive. Inactivity fees are not just charged by brokerage firms but also many financial services.
For other trading platforms, the inactivity fee depends on the sort of account you've selected. The inactivity fee is subjected to a lot of circumstances and needs to be revealed clearly by the agent beforehand.
XM Deposit Fees Explained
When you move money into your trading account by your bank account, a deposit fee can be billed by the broker. Most brokers 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 cash onto the XM trading platform is easy. You just need to complete a single-user profile questionnaire to start depositing money into your trading account. You will have to give an identity evidence and proof of residency to deposit substantial amounts.
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 a few countries. Trading instruments offered can 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 currency 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 functionality and is being developed all the time. What follows 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 examined the options for customer service, response times and on the XM trading platform problems solution effectiveness. XM support 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 have sent messages via XM livechat via their website and app and recieved a response within 20 seconds. Sometimes there was no response.
We tested communicating through XM support in multiple languages and in various countries. XM were capable of resolving our customer problems.
XM Phone Support
We phoned XM and the call was answered extremely promptly. It was responded to within less than 5-10 minutes.
The XM phone support team were able to effectively address our questions and concerns over the phone. We tried the multi-lingual XM team by calling in varying languages. XM made an effort to make sure our queries were answered.
The overall support via phone from XM was satisfactory.
XM Email Support
We have sent numerous email to XM and responses were generally outstanding. The fastest email response time from XM was 2 hours, while the slowest response was 12 days! Sometimes , there was no response. Support response times can vary depending on what is needed from XM, but this was our experience sending out 10 emails at various times.
The team solved and responded to our questions. The overall average of email support provided by XM was satisfactory.
Alternatives To XM
If, after studying this XM review, they do not quite 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 learn 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 beginner traders. You may use this feature to build your faith in the machine and yourself and your trading strategies.
If you sign up for a demonstration account on 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 choose to invest your own money.
With a digital XMdemo account, you are able to experiment at all, to whatever length you wish. You can also start positions, test different trading strategies, and much more.
XM shows on its official website that you can exchange real time stocks with your demo account.
Is XM safe?
It is possible to drop all your worries because we believe that XM is perfectly safe to use. It is in compliance with all the principles of International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
Nevertheless, 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 fund your account with XM. The process is effortless and quick, with various payment methods in your fingertips.
You can use debit or credit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing money. You must keep in mind that PayPal isn't available in every place. The monies 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 an opportunity as well, though it takes about 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 good conformation to regulations. It's established lots of measures to guard all its investors.
XM safeguards its customers' private and sensitive data under SSL encryption. Your funds will be kept highly secure in top-tier banks.
If you wish to further protect your account, you can empower Two-Step Verification as well. It requires an SMS affirmation that you access your account.
Is XM trading good?
Yes, trading via XM is a nice and good experience indeed. It is an excellent and intuitive platform with useful features for your ease. Moreover, you can also gain access to a huge selection of educational tools and assistive substance to kickstart your trading expertise.
If you are still skeptical, you can start a eToro demo account and assess the trustworthiness of the platform for yourself.
Which Countries do XM support?
XM operates across the world. However, due to regulations XM doesn'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 users can vouch for it. The highlight of the platform is its quick order execution on trades.
You'll find the clean layout of the platform and 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 supports over 3,500,000+ registered users and over 17 years of experience on its record. They are one of the world's top trading platforms and a prominent figure in the Fintech revolution.
It majorly owes this standing to its unbelievable platform and broad range 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?
Through XM, many traders make a lot of money. 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 like a little number, but within the entire year, this adds to a substantial number of gains. While XM supply you all of the tools to earn money, they can't guarantee you will gain.
Does XM have fees?
Yes. To start trading with XM, you have to deposit $5. Certain commissions while trading also applies. Any processing fees from your bank might need to be incurred by you.
When was XM founded?
XM was founded in 2009 in Cyprus. XM is regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
How many people use XM?
XM is a globally recognised broker with 3,500,000+ customers.
Where is the XM head office?
XM has its head office in Cyprus
Does XM offer negative balance protection?
Yes, XM has Negative Balance Protection. It's specially offered when the industry volatility keeps customers from allowing their accounts go in the red. In a situation like this, XM offers the ability to reset a customers account balance to zero.
You should go through the important terms and conditions on XM's site to understand their policies better.
Does XM offer guaranteed stop loss?
XM, regrettably, doesn't offer guaranteed stop loss. XM provides an opportunity to its dealers to close their trade in their given price. Aside from this, XM doesn't provide guaranteed stop loss.
Does XM allow scalping?
Yes, XM does allow scalping. Several traders across 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. 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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