XM Review: Pros, Cons, And How It Stacks Up | for 2026
This XM review has been updated for 2026 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about XM to give you the most comprehensive guide available.
XM is a professional broker that was founded in 2009. They have around 1493 employees that help the company provide , to 3,500,000+ customers through MT4, MT5, Mac, Web Trader, Tablet & Mobile apps.
XM Guide – Read our In-Depth XM Review
XM Rating: 7.18 / 10
This XM review page contains information about investing with XM. It is intended for educational purposes only and should never be considered financial advice. comparebrokers.org is not a brokerage or advisory service. We do not recommend or advise that investors buy or sell securities or stocks.
All of the information about the brokers you see reviewed on comparebrokers.org come from our partners, some of whom we have an affiliate relationship with. These partners do not control the content on the page beyond providing us with datapoints to ensure that (as far as possible) the information in our database is accurate. The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to their users. Our proprietary rating algorithm takes all of the datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones for their needs.
Please note that due to regulations, the content in this review of XM does not apply to users in Canada, Israel, and United States of America.
This XM review contains the latest details surrounding XM.
If you're a new entrant in the realm of trading online and brokerages, so many details will no doubt be perplexing for you. Getting into the area of online trading demands expert assessing skills and thorough knowledge. You'll acquire adept at all the concepts of online trading and brokerages while you keep trading. For starters, you need to select the ideal broker who'll always be clear with you.
In the fast-paced universe of financial markets and trading, you will need guidance to make correct decisions. A professional, direct investment plan could help you in minimising any potential losses and maximising any profits. XM is one such platform which can assist you. It's crucial to learn all you can about any broker until 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 determine 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 prudent and rigorous in your XM broker selection to protect your hard-earned money. Performing your due diligence and researching the trustworthiness of XM, its track record, and reputation is vital. Moreover, ensure the XM broker's offerings, trading tools, fees, and regulation align with your preferences.
Remember, XM should be a trusted partner on your trading journey.
Our team has devoted their efforts to simplify the intricate world of trading with XM into easily understandable information in this XM review. Our goal is to equip you with the knowledge necessary to confidently use XM trading tools, ranging from depositing and withdrawing funds to executing trades.
We recognize that well-informed decisions with XM are the cornerstone of successful trading. As such, we've provided this comprehensive XM review. So, make yourself comfortable, 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 |
|
77.29% of retail investor accounts lose money when trading CFDs with this provider. |
|
Our entire XM review for beginners covers everything you will need to learn about trading with XM. A fantastic agent can use your initial investments and help to protect it from losses but also give you a platform that can help to give you favourable profits. If you would like to make profits, you should trade with a broker service that aligns with your investing objectives.
Of course, there's absolutely no sure-fire way to ensure profits; therefore, you must carefully assess your broker before you select them. It is a common misconception that all agents are the same, but that is not correct. Wrong judgment, initially, can set your investments in danger.
XM is a trading partner that has found its way successfully to the broker world. Within this review, we've tried to collate some of the vital aspects of XM. This guide can allow you to learn whether XM is a good fit for your investments or not. We have attempted to breakdown all the features and fees for your advantage.
Who are XM?
XM is a online trading broker with its headquarters in Cyprus and provides a range of tools for online trading. Since its start in 2009 they have emerged as a leading player in the industry of online trading. XM has a highly aggressive and full-featured trading site that is focused on forex, indices, metals, stocks and commodities.
Over the past 17 years, XM has developed into one of the top online brokers available to the public.
After being founded 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 reputable choice for online trading solutions. They're best suited for investors that are looking 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 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 variety of tools will be beneficial for most traders. Third-party partnerships also provide in-house research.
Who Founded XM?
The founders of XM are Constantinos Cleanthous
The founders of XM are known 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 educational department at XM is quite insightful for new dealers since it allows them to have a closer look in the financial markets. XM caters to all sorts of traders and are a must-have broker for any well-diversified approach to online trading.
XM Review Videos
Benefits of online trading with XM in 2026
Trading with XM includes many benefits. These benefits are what sets XM apart from all other online agents. You need to check all of the benefits listed so you have a better comprehension of XM.
The agent goes to great lengths to understand what traders need. Consequently, the support, fast, and convenient. The agent also gives a number of platforms for all kinds of traders. XM ensures that the individual needs of all traders are met to the best of their capabilities.
XM also includes excellent trading conditions which are readily available to all and not just an elite group of institutional customers. The tight spreads and quick executions are a great advantage for all traders. The technology embraced by XM is among the highest caliber, ensuring that it is fast, dependable, and efficient.
XM acknowledges the importance of having a fast order execution. A quick implementation enables users to exchange without worrying about slippage safely. It will also help the traders to catch any opportunities.
Copy trading is another important aspect of XM. A new dealer can learn from industry experts using the automatic copy trading option. This means you can monitor well performing brokers 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. This is independent copy trading.
XM has over 100 trading tools to support all types of traders. These tools are dynamic and convenient for both the new and experienced traders. All dealers can set aside all their concerns 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 ought to know about trading with XM
XM is a lively platform that provides various procedures of online trading. These tools cover the financial markets substantially. The Majority of the brokerage platforms provide less procedures than XM
If you want to exchange with XM, you will require a minimum deposit of $5. This deposit is mandatory if you wish to start trading with XM. This 2026 XM review will direct you safely about trading with them.
XM is as versatile as any other brokerage platform. XM is great for traders who want a manageable assortment of low-cost services. The programs provided by XM are third-party, white-label offerings. All traders may select 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 transaction must be kept open. The agents provide premium customer service which rewards customers with advantages.
Many less reputable brokers try to pressurise users into bigger funding 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 consumer, the greater advantages will become available.
XM accounts are available around the world and provides excellent service everywhere they have clients. There are only a select few countries where XM accounts are not available. Traders in the following countries cannot open or use a XM account:
Canada, Israel, and United States of America.
Is XM Safe To Trade With In 2026?
Launched in 2009, XM has been open for 17 years, they are headquarted in Cyprus
XM is regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC). These figures have rules that mandate that trading platforms have steps in place to keep investor's resources secured. This usually means that XM users do not need to worry about their money as it is segregated and safely kept in banks that are established. SSL encryption secures every user's personal information also.
You can make use of a choice for Two Factor Authentications (2FA) with XM for increased security. An SMS for the confirmation code will be sent to your phone. You will be required to input this code to log into your accounts.
Another concern with financial brokers with respect to safety may be manipulation of trading. This is highly disadvantageous for consumers on those platforms. However, this is more widespread in the example of Market Maker agents who compete with customers 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 some pros and cons XM review would be complete without having a balanced approach. This XM review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
XM Pro's
XM is highly rated by us.
XM is regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
XM has been trading for 17 years.
XM offers customer support over the phone.
XM provides customer support over email.
XM gives access to customer support over livechat.
XM is an award winning broker.
XM offers negative balance protection.
XM has a low minimum deposit requirement.
XM doesn't charge withdrawal fees.
XM has over 100 employees.
XM offers social trading.
XM offers copy trading.
XM allows scalping.
XM allows hedging.
XM allows commodity trading.
You can trade metals with XM.
You can trade energies with XM.
XM Con's
XM doesn't offer guaranteed stop loss. XM charges inactivity fees. You can't trade Cryptocurrencies with XM.Compare Brokers Similar To XM
Regulation And Licencing In More Detail
XM is regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
XM, as a company, has a powerful set of rules for ensuring honest trading onto its platform. For information encryption functions, it provides an industry-standard secure socket layer (SSL).
In accordance with the organization'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 an online trading platform. We show 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 trading for over 17 years. They offer a large range of options in their client accounts.
Below we take the main parts of any good 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 you need to begin on XM is $5. This is an adequate amount for those just starting out. It's possible to make more complex residue as you cooperate. But, ensure that you understand how to make the most of your money before investing in larger sums.
Commission And Fees Explained
XM is an online brokerage platform, and many online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the companies of online brokerages are scaled much better. In other words, an internet broker is not necessarily influenced by the number of customers they have.
However, this doesn't necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for various services to make money. There are mainly 3 types of fees for this purpose.
The first sort of charges to keep an eye out for are trading fees. When you make an actual trade, like purchasing a stock or an ETF, you are billed trading charges. In such cases, you're paying a spread, funding rate, or even a commission. The kinds of trading charges and the prices differ from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the flip side, a spread denotes the difference between the buying and selling cost. Financing or overnight prices are those that are charged when you maintain a leveraged position for more than daily.
Aside from trading fees, online agents also charge non-trading fees. These are determined by the actions you undertake in your accounts. They're charged for services like depositing cash, not investing for lengthy periods, or withdrawals.
Generally, XM doesn't charge high fees in comparison to other online brokers. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a smaller sum. This is beneficial for those who often exchange, such as weekly or daily trading.
However, non-trading fees charged by XM are relatively higher. Consequently, you are billed more for non-trading actions on your trading account, such as deposits and withdrawal. These aren't related to the sale and purchase of assets.
This XM review breaks down each of the applicable non-trading fees for you in detail.
Compare Broker Fees Of XM
XM Withdrawal Fees Explained
XM doesn't charge withdrawal fees.Withdrawal of money is possible at any time from your XM account. It's possible to draw up sums to the sum of your account balance, keeping aside the perimeter used. One thing to remember is that you don't always need to have any money in your account.
In addition, the withdrawn money will be moved directly to the accounts you use to make deposits. Therefore, if you used a credit card for deposits, the withdrawn money 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 are withdrawing cash in different currencies from USD, a conversion fee is also important. The conversion fee will depend on the currency you're choosing 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 indicated by XM, it's best that you close the account if you're inactive. Inactivity fees are not only charged by broker firms but also many financial services.
For other trading platforms, the inactivity fee is contingent on the sort of account you've chosen. The inactivity fee is subjected to a lot of conditions and needs to be revealed clearly by the agent beforehand.
XM Deposit Fees Explained
When you transfer money in your trading account from the bank account, a deposit fee can be charged 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 into the XM trading platform is easy. You simply need to finish a single-user profile survey to begin depositing money into your trading account. You will need to give an identity evidence and proof of residency to deposit large sums.
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 some countries. Trading instruments offered may 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 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
As part of this XM broker review we looked at the customer service options including response times, and on the XM trading platform problem solving effectiveness. XM provides support in 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 have sent messages via XM livechat via their website and app and received a response within 20 seconds. Sometimes , there was no response.
We tried communicating via XM support in multiple languages and in various countries. XM were able to resolve our customer issues.
XM Phone Support
We made a call to XM and the call was answered extremely quickly. It was responded to in less than five to ten minutes.
The XM phone support team was able to successfuly answer our queries and problems via phone. We tried the multilingual XM team by making calls in various languages. XM made efforts to ensure all of our questions were answered.
Overall, the phone support from XM was okay.
XM Email Support
We have sent numerous email to XM and answer times overall were satisfactory. The fastest email response time from XM was 5 hours while the most slow response was 8 days! There were times when there was no response. Support response times can vary for you with XM, however, we've had the experience of sending out 10 emails at various times.
The team resolved and answered our questions. Overall average email support from XM was acceptable.
Alternatives To XM
If, after studying this XM review, they do not quite meet your requirements check out these XM alternatives.
We have scoured the internet to find the best alternatives to XM. Click on the hyperlinks 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 can use this feature to build your faith in the system and yourself and your trading strategies.
If you register to get a demo account with XM, you may set out with a decent amount of virtual money. It is to establish a feeling of security and confidence in you before you decide to invest your own money.
With this digital XMdemo account, you are able to experiment in any way, to whatever length you desire. You might also open positions, examine different trading strategies, and more.
XM shows on its official site that you can exchange real time stocks in a demo account.
Is XM safe?
It is possible to drop all of your worries because we believe that XM is completely safe to use. It is in compliance with the principles of International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
Nevertheless, XM doesn't give assured stop-loss protection.
Why does XM ask for my passport?
The reason that XM asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, XM has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, XM must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with XM?
The process to start trading with XM is super simple. You need to begin by signing up on the XM website. It will require you to fill in details pertaining to the credibility and security of your account. You will probably also have top go through the standard KYC (Know Your Customer) checks but XM are normally pretty quick with this.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with XM is $5. You should have a good {understanding of|hold over} the {details|nuances} of online trading before you set out and trade with real money as losses can exceed deposits.
If you are confident of your knowledge and understanding, you can open an account with XM.
The best way to kickstart your trading career with XM is to open a demo account facility before risking any real money
What funding methods do XM accept?
There are a number of methods to fund your accounts with XM. The process is effortless and quick, with different 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 funds. You have to bear in mind that PayPal is not available in all place. The currencies XM accepts for deposit are USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD.
Other deposit methods you can adopt are Neteller, Skrill, Rapid Transfer, and iDeal. Besides online banking, wire transfer is a possibility as well, even though it takes about 4-7 days.
Is my money safe with XM?
Yes, your cash is safe and secure with XM. As you already know, XM operates with proper conformation to regulations. It has established lots of steps to protect all its own investors.
XM safeguards its clients' private and sensitive data under SSL encryption. Your funds will be kept highly secure in top-tier banks.
If you want to further safeguard your accounts, it is possible to enable Two-Step Verification as well. It requires an SMS confirmation that you get your account.
Is XM trading good?
Yes, trading through XM is a nice and decent experience indeed. It's an excellent and intuitive platform with helpful features for your ease. In addition, you can also obtain access to a huge selection of educational resources and assistive substance to kickstart your trading experience.
If you are still skeptical, you can start a eToro demo account and evaluate the trustworthiness of the platform for yourself.
Which Countries do XM support?
XM operates around 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 may vouch for it. The highlight of the platform is its quick order execution on trades.
You'll discover the clean layout of this platform and the admirable features are pleasant to work with.
Is XM a trustworthy broker?
Yes, XM is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 3,500,000+ users registered with them can affirm to their trustworthy nature.
Click here to see the XM TrustPilot page
What is the minimum deposit for XM?
The minimum deposit to open a live account with XM is $5
How long do XM withdrawals take?
Normally, withdrawal of money from XM is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for a withdrawal from XM to show in your bank account and withdrawls are available in any of the following currencies.
USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD
Is XM regulated?
XM are regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)
Is XM a market leading broker?
XM is currently among the industry leaders. It has over 3,500,000+ registered users and over 17 years of expertise on its record. They're among the world's leading 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 invest in capital markets.
Is XM a con?
No, XM is not a con. They are regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) and must adhere to their rules. Thus, it is safe to say that XM is not a scam.
Can you make money with XM?
Through XM, several traders earn a lot of money. But, just like all online trading platforms, it is important to note that traders can also lose money. In particular, 77.29% of retail investor accounts lose money when trading CFDs with this provider.
This can look like a small number, but within the entire year, this adds to a substantial amount of gains. Even though XM provide you all of the tools to earn money, they can't guarantee you will gain.
Does XM have fees?
Yes. To start trading with XM, you have to deposit $5. Particular commissions while trading also apply. Any processing fees from your bank might have to be incurred by you.
When was XM founded?
XM was founded in 2009 in Cyprus. XM is regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
How many people use XM?
XM is a globally recognised broker with 3,500,000+ clients.
Where is the XM head office?
XM has its head office in Cyprus
Does XM offer negative balance protection?
Yes, XM has Negative Balance Protection. It is especially offered while the industry volatility prevents clients from allowing their account go in the red. In a situation like this, XM offers the ability to reset a clients account balance to zero.
You are able to go through the important conditions on XM's website to comprehend their policies better.
Does XM offer guaranteed stop loss?
XM, unfortunately, doesn't provide guaranteed stop loss. XM provides a chance for its traders to close their trade in their specified price. Aside from that, XM does not offer guaranteed stop loss.
Does XM allow scalping?
Yes, XM does permit scalping. Several traders across the world choose XM for their scalping services. They offer trading on MT4, MT5, Mac, Web Trader, Tablet & Mobile apps which allow this.
Does XM allow hedging?
Yes, XM does allow hedging.
Can you trade energies with XM?
Yes, you can trade energy stocks with XM
Can you trade agricultural shares with XM?
No, unfortunately you cannot trade agricultural stock with XM
Can you trade cryptocurrency with XM?
No, unfortunately you cannot trade cryptocurrency with XM
Can you trade metals with XM?
Yes, you can trade metals with XM
Can you trade UK Shares with XM?
No, unfortunately you cannot trade UK shares with XM
Can you trade US Shares with XM?
No, unfortunately you cannot trade US shares with XM
Can you trade Japanese Shares with XM?
Yes, you can trade Japanese shares with XM
Can you trade German Shares with XM?
Yes, you can trade German shares with XM
Does XM accept bank transfers?
Yes, XM accepts bank transfers for depositing money.
Does XM accept credit cards?
Yes, XM accepts credit cards for depositing money.
Does XM accept PayPal?
No, XM does not accept PayPal.
Does XM accept Skrill?
No, XM does not accept Skrill.
Does XM accept Payoneer?
No, XM does not accept Payoneer.
Does XM accept Neteller?
Yes, XM accepts Neteller for depositing money.
Does XM offer Live Chat customer support?
Yes, XM offers customer support through live chat.
Does XM offer phone customer support?
Yes, XM offers customer support over the telephone.
Does XM offer email customer support?
Yes, XM offers customer support through email.
What languages can XM communicate in?
XM has the ability to communicate and support customers who speak: Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish
Does XM have a wikipedia page?
Yes, XM does have a wikipedia page. It can be found at
Does XM offer demo accounts?
Yes, XM offers demo accounts so you can test your trading strategies before risking any real capital. Inexperienced traders can open a virtual portfolio account in order to become better acquainted with the areas of Forex trading and test out some of the company’s features before getting a live account.
Compare XM To All Our Other Brokers