XM Review: Pros & Cons | 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 staff 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 details surrounding XM.
If you're a new entrant in the world of online trading and brokerages, so many details will no doubt be perplexing for you. Getting into the world of online trading demands expert assessing skills and comprehensive knowledge. You will acquire proficient at all the concepts of trading online and brokers while you keep trading. For starters, you have to choose the ideal online trading platform who will consistently be transparent with you.
In the fast-paced world of financial markets and trading, you will need advice to make proper decisions. A professional, direct investment plan could assist you in minimising any losses and maximising any profits. XM is just one such broker that will assist you. It's crucial to learn about any broker until you trust them with your cash.
When engaging in online trading with platforms such as XM, it's crucial to carefully assess XM as your broker, as this choice can greatly influence your success. Selecting the right broker is vital for your XM investments to thrive. However, be cautious of fraudulent and untrustworthy brokers hiding in the shadows, ready to exploit naive traders.
It's essential to be cautious and methodical in your XM broker selection to protect your hard-earned money. Performing your due diligence and researching the 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 requirements.
Remember, XM should be a supportive ally 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 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 – Quick 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 will need to know about trading with XM. A good 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 earn profits, you should trade with a broker service that contrasts with your investment objectives.
Of course, there is no sure-fire method to guarantee profits; thus, you should carefully assess your broker before you choose them. It is a frequent misconception that all brokers will be exactly the same, but that's not true. Wrong judgment, initially, can set your investments at risk.
XM is a trading partner that has paved its way successfully into the brokerage world. Within this review, we've attempted to collate a number of the vital facets of XM. This guide can help you to learn whether XM is a good match for your investments or not. We have attempted to breakdown all of the qualities and fees 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 establishment in 2009 they have emerged as a top-tier player in the industry of online trading. XM has an extremely reputable and full-featured trading site that is focused on forex, indices, metals, shares, commodities.
Over the past 17 years, XM has become one of the leading online brokers available to the public.
After launching in 2009, their consumer 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 are a reputable platform for online trading options. They're best suited for investors who are searching for an assortment of assets. Social and easy to use trading solutions are the heart at XM.
Technology plays a substantial role at 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 provide in-house research.
Who Founded XM?
The founders of XM are Constantinos Cleanthous
The founders of XM are famous for their experience in the world of online trading. However, there are a lot of other key men and women at XM who have a substantial impact on it's success.
The educational section at XM is very enlightening for new dealers since it permits them to get a closer look at the financial markets. XM caters to all sorts of traders and are a must-have broker for any well-diversified approach to online trading.
XM Review Videos
Benefits of trading with XM in 2026
Trading with XM includes numerous benefits. These benefits are what sets XM apart from all other online agents. You should check all of the benefits listed so that you have a better understanding of XM.
The broker goes to great lengths to understand what dealers want. As a result, the support, quick, and convenient. The broker also gives a number of programs for all kinds of traders. XM ensures that the individual needs of all online traders are met to the best of their ability.
XM also features excellent trading conditions that are readily available to all and not just an elite class of institutional customers. The tight spreads and fast executions are a great advantage for all traders. The technology adopted by XM is among the highest caliber, making sure that it is fast, reliable, and effective.
XM admits the significance of having a quick order execution. A fast implementation will allow users to trade without fretting about slippage safely. It will also help the dealers to grab any opportunities.
Copy trading is another major facet of XM. A new trader can learn from business experts using the automatic copy trading alternative. This means you can see well performing traders and instantly mirror 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. Which stocks they are following, what stocks to buy, and what stocks 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 dealers can set aside all their worries 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 should know about trading using XM
XM is a lively platform that provides various methods of trading online. These tools cover the financial markets considerably. The Majority of the broker platforms provide fewer methods than XM
If you want to trade with XM, you'll need a minimum deposit of $5. This deposit is required if you wish to begin trading with XM. This 2026 XM review will direct you clearly about trading with them.
XM is as versatile as any other broker platform. XM is excellent for traders that want a manageable range of cheap services. The platforms supplied by XM are third party, white-label offerings. All traders may pick out of 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's absolutely no minimum time over which a transaction must be kept available. The agents provide premium client service that rewards customers with advantages.
Many less reputable brokers attempt to pressurise consumers into larger financing for premium services. XM, however, is much more focused on trading volume. Dealers can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the user, the more benefits will become available.
XM accounts are available all over the world and provides quality service everywhere they have customers. 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 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 bodies have rules that make sure that trading platforms have measures in place to maintain investor's assets secured. This usually means that XM users don't need to worry about their money as it is segregated and safely kept in banks that are established. SSL encryption simplifies each user's private information also.
You are able to make use of an option for Two Factor Authentications (2FA) with XM for heightened security. An SMS with the verification code will be sent to a phone. You will be asked to enter this code to log into your account.
Another concern with fiscal brokers with regards to security may be manipulation of trading. This is highly disadvantageous for 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 strong collection of rules for ensuring honest trading on its own platform. For information encryption purposes, it supplies an industry-standard secure socket layer (SSL).
In accordance with the company's privacy regulations, customer data is to not be shared with some other institutions or individuals. This includes credit history and other financial details.
XM Awards
XM have won a lot of industry awards over the years they have been operating as a financial broker. 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 trading platform that has been operating for over 17 years. They offer a large range of options in their client accounts.
Below we take the main parts of any reputable online brokerage 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 need to begin on XM is $5. This is a decent amount for those just beginning. You can create more advanced residue as you cooperate. But, make certain that you know how to make the most of your money 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 reason for this is that the companies of online brokerages are scaled much better. That is, an internet broker is not necessarily influenced by the amount of customers they have.
But this doesn't mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to earn money. There are mainly three types of fees for this objective.
The first kind of charges to keep an eye out for are trading charges. Whenever you make an actual trade, like buying a stock or an ETF, you are charged trading charges. In such instances, you are spending a spread, funding speed, or even a commission. The sorts of trading fees and the prices differ from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the other hand, a spread denotes the difference between the buying and selling price. Funding or overnight rates are those that are billed when you maintain a leveraged position for longer than daily.
Aside from trading charges, online agents also bill non-trading fees. These are determined by the activities you undertake in your accounts. They are billed for operations like depositing cash, not trading for long periods, or withdrawals.
In general, XM does not charge high fees compared to other online brokers. For operations other brokers fee for, they do not charge a broker fee, or they charge a smaller amount. This is beneficial for those who regularly exchange, such as daily or weekly trading.
But, non-trading fees billed by XM are comparatively higher. Consequently, you're billed more for non-trading activities in your trading account, such as deposits and withdrawal. These aren't related to the purchase and sale of assets.
This XM review breaks down each of the relevant 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 the XM account. You can draw sums up to the amount of your account balance, keeping aside the margin utilized. One thing to remember is that you don't always need to have any money in your account.
Moreover, the withdrawn money will be moved directly to the account you use to make deposits. Thus, in the event that you used a credit card for deposits, then the withdrawn cash is going to be sent into the cardXM will ask you to offer other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you're withdrawing money in different currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the money you are choosing to withdraw in.
XM Inactivity Fees Explained
XM charges an inactivity fee when you don't make any trades for a while.
Even if no charges have been indicated by XM, it's best that you close the account if you're inactive. Inactivity fees aren't only charged by broker firms but also many financial services.
For additional trading platforms, the inactivity fee is contingent upon the type of account you've chosen. The inactivity fee is subjected to a lot of conditions and needs to be disclosed clearly by the agent beforehand.
XM Deposit Fees Explained
When you move money in your trading account by the bank account, a deposit fee can be billed by the broker. Most brokers do not charge too much money for this particular operation.
XM doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash into the XM trading platform is simple. You just have to complete a single-user profile survey to start depositing money into your trading account. You will have to provide an identity evidence and proof of residency to deposit large amounts.
Compare XM Vs Other Broker Deposit Methods
What Can You Trade With XM in 2026?
Note: XM offers a lot of different trading instruments due to regulatory restrictions in many 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 a lot of functions and is being constantly improved. The table below was accurate at the time of compiling this XM broker review.
Understand the capabilities of the mobile apps of XM, Startrader & freetrade below.
Trading Education Available At XM
Understand the trading resources available with XM, Startrader & freetrade below.
XM Customer Support
While collating our XM broker review we examined the customer service options as well as response times. on the XM trading platform issue resolution effectiveness. XM supports many 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 livechat experience with XM and it works well. We sent messages to XM livechat via their app and web site and got a reply after 10 seconds. On Occasion there was no response.
We tried communicating via XM support in multiple languages and in various countries. XM were successful in resolving client's problems.
XM Phone Support
We phoned XM and the call was answered very quickly. The call was answered within less than five to ten minutes.
The XM phone support team were able to successfuly answer our queries and problems on the phone. We tried the multilingual XM team by calling them in various languages. XM made efforts to ensure all of our questions were answered.
Overall, the phone support from XM was satisfactory.
XM Email Support
We have sent numerous messages to XM and answer times overall were very good. The fastest email response time from XM was 2 hours while the most slow response was 8 days! There were times when there were no responses. Support response times can vary depending on what is needed from XM, but this was our experience sending out 10 emails at different times.
The team resolved and answered our queries. Overall average email support from XM was excellent.
Alternatives To XM
If, after studying this XM review, they do not fulfill your requirements check out these XM alternatives.
We've scoured the web to find the best alternatives to XM. Click the hyperlinks below to find out more.
Frequently Asked Questions
Can I try XM before I buy?
Yes, you can most definitely try XM before you buy. XM provides demo accounts for the ease of new traders. You can use this feature to build your faith in the system as well as yourself and your trading strategies.
If you sign up for a demonstration 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 before you decide to spend your own money.
With a virtual XMdemo account, you can experiment in any way, to whatever period you desire. You might also start positions, examine different trading approaches, and more.
XM specifies on its official site that you can 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 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 have assured stop-loss protection.
Why does XM ask for my passport?
The reason that XM asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, XM has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, XM must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with XM?
The process to start trading with XM is super simple. You need to begin by signing up on the XM website. It will require you to fill in details pertaining to the credibility and security of your account. You will probably also have top go through the standard KYC (Know Your Customer) checks but XM are normally pretty quick with this.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with XM is $5. You should have a good {understanding of|hold over} the {details|nuances} of online trading before you set out and trade with real money as losses can exceed deposits.
If you are confident of your knowledge and understanding, you can open an account with XM.
The best way to kickstart your trading career with XM is to open a demo account facility before risking any real money
What funding methods do XM accept?
There are a number of ways to fund your accounts with XM. The process is effortless and quick, with various payment methods at your fingertips.
You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing money. You must keep in mind that PayPal isn't available in all country. The currencies 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 a possibility as well, though it takes about 4-7 days.
Is my money safe with XM?
Yes, your cash is safe and secure with XM. As you know, XM works with good conformation to regulations. It's established plenty of measures to guard all its investors.
XM safeguards its clients' private and sensitive information under SSL encryption. Your funds will be retained highly secure in top-tier banks.
If you wish to further protect your accounts, it is possible to empower Two-Step Verification as well. It requires an SMS affirmation for you to access your accounts.
Is XM trading good?
Yes, trading via XM is a nice and good experience indeed. It is an excellent and intuitive platform with helpful features for your simplicity. In addition, you could also obtain access to a huge selection of educational tools and assistive substance to kickstart your trading expertise.
If you are still skeptical, you can open a eToro demo account and evaluate the credibility of the platform on your own.
Which Countries do XM support?
XM operates across the world. However, due to regulations XM does not accept clients from Canada, Israel, and United States of America.
Is XM legit?
XM is a legit company headquarted in Cyprus since 2009. They are regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC). XM is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is XM a good broker?
XM is a great broker, and its users can vouch for it. The highlight of the platform is its quick order execution on transactions.
You will discover 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 currently among the industry leaders. It has over 3,500,000+ registered customers and over 17 years of expertise on its own record. They are among the world's leading trading platforms and also a prominent figure in the Fintech revolution.
It majorly owes this standing to its incredible platform and broad range of resources plus tools 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, several traders make a great deal of money. 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 to be a little number, but over the entire year, it quickly adds to a significant number of gains. While XM provide you all of the tools to earn money, they can't guarantee that 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 agent 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 especially offered when the market volatility keeps clients from allowing their accounts go in the red. In such a scenario, XM offers the ability to reset a customers account balance to zero.
You should go through the critical stipulations on XM's site to understand their policies.
Does XM offer guaranteed stop loss?
XM, unfortunately, doesn't provide guaranteed stop loss. XM provides a chance for its traders to close their trades at their specified price. Aside from this, XM doesn't provide guaranteed stop loss.
Does XM allow scalping?
Yes, XM does allow scalping. Many traders across the world select XM due to 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 become better acquainted with the aspects of Forex trading and test out some of the company’s features before risking a live account.
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