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XM Group Review 2024

Ben Johnson
Forex Broker Expert

XM Group

4.7 / 5 – 12 Ratings

Check out the best alternatives

XM is a globally recognized broker specializing in forex and CFD trading, boasting regulation by prominent authorities like Australia’s ASIC, Cyprus’s CySEC, and the Belize authority IFSC. This broker stands out for its competitive advantages, including low fees for stock CFDs and convenient withdrawal processes. Opening an account with XM is a seamless and swift experience, making it user-friendly for traders. Furthermore, XM provides a rich array of educational resources, including webinars and a demo account, to support traders in their journey.


Brokers Name


Trading Desk


Year Founded





The XM Group is licensed by ASIC in Australia (Trading Point of Financial Instruments Pty Limited), by CySEC in Cyprus (Trading Point of Financial Instruments Ltd), by the FSC in Belize (XM Global Limited) and by the DFSA (Trading Point MENA Limited), adhering to enhanced regulatory standards.

US Clients


247 Support


Support Email



+501 223-6696


Suite 101, 63 Eve Street, Belize City, Belize


English, Malay, 简体中文, 繁體中文, Ελληνικά, Magyar, Русский, Indonesia, Français, Italiano, Svenska, Deutsch, Polski, العربية, Español, 한국어, Português, Tiếng, Việt, ภาษาไทย, Filipino, Dutch, Česky, اردو, Türkçe, हिंदी, සිංහල

Accounts Details



Account Name

Micro Account, Standard Account, XM Ultra Low Account, Shares Account

Min. Deposit


Base Currencies


Order Execution

Market Еxecution

Max. Leverage


Starting Spreads

As Low as 0.6 Pips

Trade Size

From 0.01 Lots


Commodities, Stock CFDs, ETFs, Forex, Indices, Metals

Demo Accounts




Crypto Trading




Trading Platform

MT4, MT5, WebTrader

Mobile Trading


Web Trading


Affiliate Program



Deposit Methods

Credit card, Debit card, Neteller, Skrill, UnionPay, Web money, and Bank Wire. XM withdrawal options for XM partners are Skrill, Neteller, Sticpay, and Bank Wire.

Withdrawal Methods

Credit card, Debit card, Neteller, Skrill, UnionPay, Web money, and Bank Wire. XM withdrawal options for XM partners are Skrill, Neteller, Sticpay, and Bank Wire.


  • 1000+ Trading Instruments
  • Personal Account Managers
  • Forex Market Research
  • Daily Forex Webinars
  • Forex Trading Signals
  • Over 10,000,000 clients
  • Traders from over 190 countries
  • 25+ secure payment methods
  • 10+ full feature trading platforms
  • More than 30 languages supported
  • 24/7 customer support


  • ETF trading not supported
  • PayPal funding unavailable
4.7 / 5 – 12 Ratings

With over 5,000,000 clients since it was founded in 2009, XM has grown to a large and well-established international investment firm and has become a true industry leader. XM is currently built of more than 600 professionals with long-year experience in the financial industry. About 1.5 Million Traders and investors at XM choose its wide range of XM trading products and the services broker provides along with advanced trading solutions, yet suitable for beginning traders as well. The reason for such fast growth and trust in the broker is that XM aims to provide one of the best user experiences in the industry to its clients.

XM License & Regulation

XM Global Limited, authorised and regulated by the Financial Services Commission (FSC) (license number 000261/158) and Trading Point of Financial Instruments Limited, authorised and regulated by Cyprus Securities and Exchange Commission (CySEC) (licence number 120/10), are members of Trading Point Group.

Why Choose XM?

XM fosters sustainable workforce development through a wide spectrum of cultures and approaches your needs with openness to cultural, national, ethnic, and religious diversity. XM advanced trading platforms and flexible trading conditions suit a diverse global clientele. XM expertise is derived from extensive experience and in-depth knowledge of the global financial markets. XM is dedicated to delivering superior services in currency trading, along with CFDs, equity indices, precious metals, and energies.

The operational philosophy we follow is simple: by ensuring client satisfaction, we earn their loyalty. XM reputation is linked to our credibility, both of which stem from our ability to service our clients in the way that they expect and deserve. By monitoring industry trends and keeping up to date with the latest technologies, XM remains ready to adapt to the needs of its clients as they become more sophisticated and more demanding. XM has never made any compromises in factors that can affect client performance, which is why they offer tight spreads and the best execution.

XM Trading Accounts

Overall, XM made it simple as you may choose preferred trading style through either account to trade smaller size through Micro Lots, or to trade regular size with Standard account based on spread only basis. Lastly, Zero Accounts will offer you another fee strategy where the spread is an interbank quote starting from 0 pips and the trading charge will be deducted through a commission per lot.

Micro Account

  • Base Currency Options – USD, EUR, GBP, JPY, CHF,‎ AUD, HUF, PLN, RUB, SGD, ZAR
  • Contract Size – 1 Lot = 1,000
  • Leverage – 1:1 to 1:888 ($5 – $20,000), 1:1 to 1:200 ($20,001 – $100,000), 1:1 to 1:100 ($100,001 +)
  • Negative balance protection
  • Spread on all majors – As Low as 1 Pip
  • Commission 0%
  • Maximum open/pending orders per client – 300 Positions
  • Minimum trade volume – 0.1 Lots (MT4), 0.1 Lots (MT5)
  • Lot restriction per ticket – 100 Lots

Standard Account

  • Base Currency Options – USD, EUR, GBP, JPY, CHF,‎ AUD, HUF, PLN, RUB, SGD, ZAR
  • Contract Size – 1 Lot = 100,000
  • Leverage – 1:1 to 1:888 ($5 – $20,000), 1:1 to 1:200 ($20,001 – $100,000), 1:1 to 1:100 ($100,001 +)
  • Negative balance protection
  • Spread on all majors – As Low as 1 Pip
  • Commission 0%
  • Maximum open/pending orders per client – 300 Positions
  • Minimum trade volume – 0.01 Lots

XM Ultra Low Account

  • Base Currency Options – EUR, USD, GBP, AUD, ZAR, SGD
  • Contract Size – Standard Ultra: 1 Lot = 100,000, Micro Ultra: 1 Lot = 1,000
  • Leverage – 1:1 to 1:888 ($5 – $20,000), 1:1 to 1:200 ($20,001 – $100,000), 1:1 to 1:100 ($100,001 +)
  • Negative balance protection
  • Spread on all majors – As Low as 0.6 Pips
  • Commission 0
  • Maximum open/pending orders per client – 300 Positions

Shares Account

  • Base Currency Options – USD
  • Contract Size – 1 share
  • Leverage – No Leverage
  • Negative balance protection
  • Spread As per the underlying exchange
  • Commission 0%
  • Maximum open/pending orders per client 50 Positions

Islamic Account

The XM forex Islamic accounts differ greatly from those generally offered by other forex brokers. The difference lies in the fact that unlike most forex companies who substitute additional fees by widening the spread on Islamic accounts, XM imposes no additional charges.

  • No interest/swap charges on overnight positions
  • No spread widening
  • Positions can be held with no time limit
  • Leverage up to 888:1
  • 100% real-time market execution
  • Same trading conditions as for our trading account types
  • Free and instant access to all trading platforms
  • 24/5 dedicated support from your Client Account Manager

Trading Instruments

Besides to its good features, XM makes trading more pleasant by a huge variety of products so you will enjoy a great choice that meets expectations and preferences.

A range of trading markets is available from a single multi-asset account that offers 6 Asses Classes and includes about 55 currency pairs with a total of over 1000+ trading markets. And so you are able to trade Forex or CFDs on stock indices, commodities, stocks, metals, energies and Cryptocurrencies at XM all available from the same trading account.


XM pricing and costs are based on a spread, in case you will open Micro or Standard account. Also, XM spread is a fractional pip price that gets the best prices from XM’s various liquidity providers. Meaning, instead of regular 4-digit quoting prices you can benefit from the smallest price movements by adding a 5th digit, known as a fraction.

Below you may see average spread reference calculated throughout the day on a Standard account presented for most popular products. Even though some spreads might be higher than its industry competitors, the overall fee structure is rather average for Forex products and low cost for CFDs.


Depending on the account type you open at XM, you can choose the leverage on a scale from 1:1 to 888:1. Margin requirements do not change during the week, nor do they widen overnight or at weekends. Moreover, at XM you have the option to request either the increase or the decrease of your chosen leverage.

Deposits and Withdrawals

The funds transaction at XM are managed in a customer-oriented way too, traders having a choice of multiple payment methods supported in all countries. Various payment options including commonly used, also XM again took care of clients’ comfort and introduced a local bank transfer option, which enables to fund the account through local banks and currency with no conversion charges.

Deposit Options

  • Credit cards
  • Bank wire and Local Bank Transfer (available in some regions), Local Deposit
  • E-wallets including Neteller, Moneybookers Skrill, Crypto along with TRC20, Perfect Money, AstroPay, Stickpay

XM minimum deposit

XM Minimum Deposit amount is 5$ only for Micro Account or a Standard Account, in case you wish to trade with Zero account minimum deposit is competitive also, demanding 100$ as a start. However, the amount varies according to the chosen payment method and trading account validation status. Yet, you can read and find all the necessary info in the Members Area.

Trading Platforms

In terms of the trading software, XM clients access to make transactions and trades throughout well-known and nearly perfectly-developed trading platforms MetaTrader4 and MetaTrader5.

Platform Ratings

XM chooses their technology on the most popular industry platform MT4 and MT5 not by case, but obviously for traders’ advantage, as the platforms are very known and allow you to get numerous extensions or access comprehensive education on how to use tools. So the platforms gain high ratings due to their international recognition and are always a plus towards brokers’ proposals.

Web Trading

Directly accessible just from one account and available in various versions all platforms are integrated with a full site of technical analysis, indicators and comprehensive tools, stop or trailing orders. SO you may access XM trading just by the use of the browser and login to Web Trading.


Registered Address

Suite 404, The Matalon, Coney Drive, Belize City, Belize

Online Support

Phone Support

 Working hours:24/5 GMT
 +501 223-6696

The promotion is being shared here solely for informational purposes. Please note that this should not be considered as financial advice.

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