XM Review: Pros, Cons, And How It Stacks Up | Updated for 2026
This XM review has been updated for 2026 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about XM to give you the most comprehensive guide available.
XM is a leading broker that was founded in 2009. They have around 1493 staff 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 most recent information about XM.
If you are a new entrant in the realm of trading online and brokers, so many facts will no doubt be perplexing for you. Getting into the area of online trading demands expert analytical skills and comprehensive knowledge. You'll get adept at all of the concepts of trading online and brokers as you keep trading. For starters, you have to choose the right online broker who'll always be transparent with you.
Within this fast-paced world of stock markets and online trading, you will need advice to make educated decisions. A professional, direct investment partner could aid you in minimising any losses and maximising any returns. XM is just one such broker that can assist you. It's important to learn about any broker before 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 determine 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 comprehensive in your XM broker selection to protect your hard-earned money. Performing your due diligence and researching the credibility of XM, its track record, and reputation is vital. Moreover, ensure the XM broker's offerings, trading tools, fees, and regulation align with your objectives.
Remember, XM should be a supportive ally on your trading journey.
Our team has worked diligently to simplify the intricate world of trading with XM into easily understandable information in this XM review. Our goal is to equip you with the knowledge necessary to confidently use XM trading tools, ranging from depositing and withdrawing funds to executing trades.
We recognize that well-informed decisions with XM are the cornerstone of successful trading. As such, we've provided this in-depth XM review. So, settle in, grab a cup of coffee, and immerse yourself in learning about XM and how it can benefit you, or if XM might not be the right fit for you.
XM Guide for 2026 – Brief Overview
| XM Telephone: | +357 250 29933 |
| XM Support Email: | support@xm.com |
| XM Address: | 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus |
| Year Founded: | 2009 |
| Regulated By: | International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) |
| Hedquarters: | Cyprus |
| Minimum Deposit: | $5 |
| Number Of Clients: | 3,500,000+ XM users and traders |
| XM TrustPilot: | https://uk.trustpilot.com/review/xmglobal.com |
| XM LinkedIn: | https://www.linkedin.com/company/xm-global/ |
| XM Facebook: | https://www.facebook.com/xmglobal |
| XM Facebook Likes: | 1,137,080 |
| XM Twitter: | @TradingXM |
| XM Twitter Followers: | 315 |
| XM Instagram: | https://www.instagram.com/xmglobal/ |
| XM Instagram Followers: | 29,000 |
| XM Youtube: | https://www.youtube.com/channel/UCP-fT4LhpKEArkNROxJHktw |
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77.29% of retail investor accounts lose money when trading CFDs with this provider. |
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Our full XM review for beginners covers everything you will need to learn about trading with XM. A good 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 broker service that aligns with your investing objectives.
Of course, there is no sure-fire method to ensure profits; thus, you must carefully assess your agent before you select them. It's a common misconception that all brokers will be the same, but that is not true. Wrong judgment, initially, can set your investments at risk.
XM is a trading partner which has paved its way successfully into the broker world. In this review, we have attempted to collate some of the vital aspects of XM. This guide will help you to learn whether XM is a great match for your investments or not. We've attempted to breakdown all of the features and fees for your convenience.
Who are XM?
XM is a foreign exchange broker with its headquarters in Cyprus and provides a variety of instruments for online trading. Since its establishment in 2009 they have emerged as a leading player in the industry of online trading. XM includes an extremely professional and full-featured trading website that's focused on currency, indices, metals, stocks and commodities.
Over the past 17 years, XM has grown into one of the leading online brokers available to the public.
After establishing itself in 2009, their customer base has increased to 3,500,000+ clients.
XM is a favourite for many online traders because of its negative balance protection. Our XM account review found that they're a superb solution for online trading options. They're most appropriate for investors who are searching for a variety of assets. Social and easy to use trading options 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 most traders. Third-party partnerships also provide in-house analysis.
Who Founded XM?
The founders of XM are Constantinos Cleanthous
The creators of XM are famous for their experience in the sphere of online trading. However, there are a lot of other key people at XM who have a significant contribution to it's success.
The trader resource section at XM is quite enlightening for new dealers since it permits them to have a closer look at the financial markets. XM caters to all sorts of traders and are a must-have broker for almost any well-diversified method of trading.
XM Review Videos
Benefits of using XM in 2026
Trading with XM comes with numerous benefits. These advantages are what sets XM apart from the rest of the online agents. You should check all the benefits listed so that you have a better understanding of XM.
The agent goes to great lengths to understand what traders need. Consequently, the service, fast, and convenient. The broker also gives a number of platforms for all kinds of traders. XM helps to ensure that the individual needs of all online traders are met to the best of their capabilities.
XM also includes excellent trading conditions that are readily available to all and not only an elite group of institutional clients. The tight spreads and quick executions are a fantastic benefit for all traders. The technology embraced by XM is among the highest caliber, making sure that it's fast, dependable, and effective.
XM acknowledges the significance of having a fast order execution. A quick execution enables users to trade without fretting about slippage safely. It is going to also help the dealers to catch any opportunities.
Copy trading is another important facet of XM. A new trader can learn from business experts using the automatic copy trading alternative. This allows you to see the best 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. 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 tools to support all types of traders. These tools are lively and convenient for both 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 lively platform that provides various procedures of trading online. These instruments cover the monetary markets substantially. Most of the broker platforms provide less methods than XM
If you want to exchange with XM, you will require a minimum deposit of $5. This deposit is compulsory if you would like to start trading with XM. This 2026 XM review will direct you easily about trading with them.
XM is as versatile as any other broker 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 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 absolutely no minimum time on which a trade has to be kept available. The brokers offer premium customer service that rewards customers with advantages.
Many unprofessional brokers try to pressurise users into larger funding for superior services. XM, however, is much more focused on trading volume. Traders can expect trading conditions to be just, honest and transparent. The more lots traded by the consumer, the greater benefits will become available.
XM accounts are available all over the world and provides outstanding 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?
Founded in 2009, XM has been open for 17 years, they have a head office in Cyprus
XM is regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC). These bodies have rules that make sure that trading platforms have measures in place to keep investor's assets secured. This means that XM users do not need to be worried about their money since it is segregated and safely kept in established banks. SSL encryption simplifies each user's private information as well.
You are able to make use of a choice for Two Factor Authentications (2FA) with XM for heightened safety. An SMS for the confirmation code will be sent to a phone. You'll be required to enter this code to log in to your accounts.
Another concern with online brokers with respect to safety might be manipulation of trading. This is highly disadvantageous for users on these platforms. However, this is much more prevalent in the case of Market Maker brokers who compete with customers 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 pros and cons XM review would be complete without showing both sides. This XM review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
XM Pro's
XM is highly rated by us.
XM is regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
XM has been trading for 17 years.
XM offers customer support over the phone.
XM provides customer support over email.
XM gives access to customer support over livechat.
XM is an award winning broker.
XM offers negative balance protection.
XM has a low minimum deposit requirement.
XM doesn't charge withdrawal fees.
XM has over 100 employees.
XM offers social trading.
XM offers copy trading.
XM allows scalping.
XM allows hedging.
XM allows commodity trading.
You can trade metals with XM.
You can trade energies with XM.
XM Con's
XM doesn't offer guaranteed stop loss. XM charges inactivity fees. You can't trade Cryptocurrencies with XM.Compare Brokers Similar To XM
Regulation And Licencing In More Detail
XM is regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
XM, as a business, has a strong set of rules for ensuring fair trading onto its platform. For information encryption purposes, it supplies an industry-standard secure socket layer (SSL).
In accordance with the organization's privacy regulations, customer information is never to be shared with any other institutions or individuals. This includes credit history and other financial information.
XM Awards
XM have won several industry awards over the time they have been operating as an online broker. We list the most recognised awards for XM here.
- In 2014 XM was awarded Best FX Technology Provider.
- In 2015 XM was awarded Best FX Technology Provider by Brokers Billboard.
- In 2017 XM was awarded Best Trading Support by Capital Finance International Magazine .
- In 2020 XM was awarded Best FX Service Provider for 2020 by City of Wealth Management.
- In 2020 XM was awarded Best Broker in Customer Service.
XM Trading Platforms
XM are a professional brokerage that has been trading for over 17 years. They offer a wide range of options in their user accounts.
Below we take the main parts of any good brokerage and compare XM against Startrader, and freetrade.
XM MetaTrader 4 (MT4)
MetaTrader 4 also known as MT4 is one of the top trading platforms on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to cover all your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.
The MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements.
You can start using the MetaTrader 4 platform with XM in multiple formats including through an online web platform, or through a downloadable application for Windows PC's and Mac's. XM MetaTrader 4 is compatible with the latest macOS. XM allows traders to trade on mobile devices through Android and iOS devices.
Metatrader 4 Webtrader and XM
MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators.
Trading With XM MetaTrader 4 On iOS Devices
You can download the XM app or also trade with XM through the MetaTrader 4 application on the Apple app store.
Download the XM MetaTrader 4 Program free of charge from Apple's App Store. XM customers have instant access to the Financial markets, with the ability to completely manage a Portfolio on the go.
Trading With XM MetaTrader 4 On Android Devices
Andorid mobile devices and tablets are used by millions of people globally. XM provides its clients access to the MetaTrader 4 platform on Android supported devices so that their 3,500,000+ customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android XM MetaTrader 4 application enables traders to make the most of multiple advanced trading features which enables them to monitor and trade quickly on the go, simply and securely.
Minimum Deposit Required
The minimum deposit you need to get started on XM is $5. This is a decent amount for those just beginning. You can create more complex residue as you go along. However, ensure that you know how to make the most of your cash before investing larger amounts.
Commission And Fees Explained
XM is an online brokerage platform, and many online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled better. In other words, an internet broker isn't necessarily influenced by the amount of clients they have.
But this doesn't necessarily 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 penalties for this purpose.
The first sort of charges to look out for are trading fees. Whenever you make a genuine trade, like purchasing a stock or an ETF, you are billed trading fees. In such cases, you're paying a spread, funding rate, or a commission. The sorts of trading charges and the prices vary from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the flip side, a spread refers to the gap between the buying and selling price. Financing or overnight prices are those that are charged when you maintain a leveraged position for more than a day.
Aside from trading fees, online agents also bill non-trading fees. These are dependent on the activities you undertake in your accounts. They're charged for services like depositing money, not trading for long periods, or withdrawals.
In general, XM does not charge high fees compared to other online agents. For operations other agents charge for, they either do not charge a brokerage fee, or they charge a lesser amount. This is beneficial for people who often trade, for example weekly or daily trading.
But, non-trading fees charged by XM are comparatively higher. Consequently, you are charged more for non-trading actions on your trading account, such as withdrawal and deposits. These aren't related to the purchase and sale 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 the XM account. It's possible to draw up sums to the sum of your account balance, keeping aside the margin used. One thing to keep in mind is that you don't always have to have any money in your account.
In addition, the withdrawn money will be transferred directly to the accounts you use to create deposits. Thus, in the event that you used a credit card for deposits, then the withdrawn money will 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 case you're withdrawing money in different currencies from USD, a conversion fee is also important. The conversion fee will depend on the currency you are opting to withdraw in.
XM Inactivity Fees Explained
XM charges an inactivity fee when you don't create any trades for a while.
Even if no charges have been implied by XM, it is best that you 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 depends upon the type of account you've selected. 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 transfer money into your trading account from the bank account, a deposit fee can be billed by the broker. Most brokers don't charge too much money for this 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 simply need to finish a single-user profile questionnaire to start depositing money into your trading account. You will have to provide an identity proof and evidence of residency to deposit large 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 be different 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 a lot of functions and is being developed all the time. The table below was correct 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
For our XM broker review we tested the options for customer service, response times and on the XM trading platform problem solving effectiveness. XM supports 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 tested the livechat experience with XM and it works well. We have sent messages to XM livechat via their website and app and received a response in less than 20 seconds. On Occasion there was no response.
We tested communicating through XM support in multiple languages across multiple countries. XM were capable of resolving our customers' issues.
XM Phone Support
We made a call to XM and the call was responded to very promptly. The call was answered within less than 5-10 minutes.
The XM phone support team were able to effectively address our queries and problems over the phone. We tried the multi-lingual XM team by making calls in various languages. XM made an effort to ensure our queries were answered.
The overall phone support provided by XM was satisfactory.
XM Email Support
We sent several email to XM and responses were generally very good. The fastest email response time from XM was 5 hours while the slowest response was 12 days! Sometimes , there wasn't a response. Response times to support may differ for you at XM, however we have had this experience sending out 10 emails at different times.
The team was able to resolve and answer our questions. Average email support from XM was good.
Alternatives To XM
If, after reading this XM review, they do not quite meet your needs check out these XM alternatives.
We've scoured the internet 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?
Absolutely! you can most definitely try XM before you buy. XM offers demo accounts for the ease 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 sign up to get a demo account with XM, you may set out with a decent amount of virtual currency. It is to establish a sense of security and confidence in you until you decide to invest your own money.
With a virtual XMdemo account, you can experiment in any way, to whatever period you wish. You might even open positions, test different trading strategies, and much more.
XM specifies on its official site how you can trade real time stocks in a demo account.
Is XM safe?
It is possible to drop all your worries since we believe that XM is perfectly 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 doesn't 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 account with XM. The process is effortless and quick, with various payment methods in your fingertips.
You can use credit or debit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing funds. You must keep in mind that PayPal is not 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 an opportunity as well, even though it takes approximately 4-7 days.
Is my money safe with XM?
Yes, your money is safe and protected with XM. As you know, XM works with good conformation to regulations. It's established plenty of steps to guard all its investors.
XM safeguards its customers' personal and sensitive information under SSL encryption. Your capital will be retained highly secure in top-tier banks.
If you want to further protect your accounts, it is possible to empower Two-Step Verification as well. It requires an SMS affirmation for you to get your accounts.
Is XM trading good?
Yes, trading through XM is a nice and decent experience indeed. It's a great and intuitive platform with helpful features for your simplicity. Moreover, you could even gain access to a vast selection of educational tools and assistive substance to kickstart your trading expertise.
If you remain skeptical, it is possible to open a eToro demo account and evaluate the trustworthiness of the platform for yourself.
Which Countries do XM support?
XM operates across the world. 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 a great broker, and its users may vouch for this. The highlight of the platform is its fast order execution on transactions.
You'll find the clean design of this platform along with the admirable 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 industry leaders. It supports over 3,500,000+ registered users and over 17 years of experience on its own record. They're among the world's leading trading platforms and a prominent figure in the Fintech revolution.
It simplifies this standing to its incredible platform and wide range of tools plus resources so that you may 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?
Using XM, many traders earn a great deal of cash. But, just like all online brokerages, it is important to note that traders can also lose money. In particular, 77.29% of retail investor accounts lose money when trading CFDs with this provider.
This can look to be a little number, but within the year, it adds to a significant amount of gains. Even though XM provide you all of the tools to earn money, they cannot guarantee you will gain.
Does XM have fees?
Yes. To begin trading using XM, you have to deposit $5. Particular commissions while trading also applies. Any processing fees from your bank will 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 is especially offered while the market volatility keeps customers from letting their accounts go into the red. In a situation like this, XM provides the ability to reset a clients account balance to zero.
You can go through the critical conditions on XM's site to comprehend their policies.
Does XM offer guaranteed stop loss?
XM, regrettably, doesn't offer guaranteed stop loss. XM gives an opportunity for its dealers to close their trade at their given 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 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 virtual portfolio accounts so you can learn their systems before risking any real money. Newbie traders can open a demo account in order to become better acquainted with the areas of Forex trading and test out some of the company’s features before risking a live account.
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