XM Review

Unique Selling PointsMultiple Global Regulations

XM has a number of licenses from top global regulatory bodies. The company is a part of Trading Point Holdings Ltd. and runs several entities that are each licensed by a respected authority. Some of the top licenses XM includes CySEC (Cyprus), FSC (Belize and Mauritius), FSCA (South Africa), DFSA (Dubai), and FSA (Seychelles). 

The oversight from multiple well-reputed regulatory bodies ensures that the broker follows the highest levels of operational standards. In addition, reputable regulatory bodies require brokers to keep investor funds in segregated accounts separate from their operational funds. A top tier regulator like CySEC has security features like ICF (Investor Protection Fund). 

On the other hand, offshore regulators allow XM to offer flexible trading conditions, including a very high leverage and access to automated trading strategy options. Traders can decide if they want more trading flexibility or a more strict regulatory framework.

Wide Range of Bonuses

XM’s bonuses are some of the best in the industry. Multiple regulations allow XM to offer bonuses with flexibility. The broker offers multiple types of bonuses, including Welcome Bonuses, No Deposit Bonuses (NDBs), Deposit Bonuses, and Seasonal Promotions. The welcome bonus can help you test trading with the broker. No deposit bonuses allow you some bonus funds even before you deposit your own funds. A major difference in NDBs from XM and other brokers is the fact that you can withdraw the profits made using the funds from bonuses. 

The deposit bonuses are the extra funds your broker adds to your deposited funds. You can cover for the spreads applied to all your trades or trade with more capital using the bonus. Lastly, there are seasonal promotions that XM advertises on their website. It is important to note that all these bonuses are subject to availability in your country. 

Access to Multiple Trading Platforms

Your trading experience depends significantly on the trading platform your broker offers. XM offers a variety of trading platforms like MetaTrader 4, MetaTrader 5, and mobile applications. You can trade straight from your browser using MT5 Webtrader.

Stable High Leverage and Low Spreads

Leverage is a multiplier that allows you to control bigger positions against your funds. You can think of it as a multiplier. And spreads are the fees that apply to your funds immediately when you open or close a trade. The company offers a flexible leverage with the upper limit capped at 1:1000, and the offered spreads are generally low at 1.6 pips on major assets. The standout feature in case of XM is the fact that the leverage and spreads stay stable even during volatile conditions. 

24/7 Customer Support in Almost 30 Languages

A good customer service is responsive, knowledgeable, and available when you need it. On top of that, if it is available in multiple languages to serve clients from different backgrounds, that takes the customer service to another level. XM checks all these boxes with customer support available 24/7 via email, call, live chat, and even social apps (in some regions). You can reach XM support in around 30 languages, if English is not your preferred language for communication. 

Trader Education

Most brokers usually have a dedicated section or a knowledge base on their website for trader education. This section usually has short articles and sometimes videos on different trading topics. XM offers both of these and a live education option. The company has many webinars around the year where they teach different concepts of trading. New traders can significantly benefit from the recorded and live training conducted by the company. 

Extensive Range of Tradable Assets (Including Real Stocks)

Every trader has their preferred tradable assets. Some prefer trading metals where others like to trade forex. XM caters to a wide audience with 1400+ tradable instruments across forex, stocks (CFDs), indices, commodities, cryptocurrencies, and real stock options. The company also has its offerings advertised as Turbo Stocks and Thematic Indices (available in certain regions).

Trading Accounts for All Types of Traders

XM offers a truly wide range of account types to serve all segments of customer base. There are specialized accounts for beginners and experts. The company offers Micro, Standard, Ultra Low, and Shares Account. The swap-free trading options are also available when you trade with Micro or Ultra Low trading accounts. 

Variety of International and Local Payment Methods (No Hidden Fees)

The convenience of funds deposit and withdrawal is something many traders look for in a broker. XM offers the facility to deposit and trade funds from many international and local payment methods. You can make payments via Visa, Mastercard, and bank transfers. You also have the options of popular e-wallets like Neteller and Skrill among others. 

Besides the international payment gateways, the company also allows payments with many local online payment options around the world. 

Copy Trading and Automated Trading Strategies

Where other brokers do not allow copy trading, XM allows them and provides tools to facilitate these strategies. XM’s copy trading platform lets clients mirror the strategies of experienced traders, called Strategy Managers, in real time. It allows users to automatically replicate trades, diversify by following multiple strategies, and learn from experts who handle different markets. 

For beginners, this feature offers both hands-on learning and portfolio diversification, while experienced traders benefit from performance-based fees earned through followers who copy their trades. You can also leverage automated trading strategies like scalping and hedging. 

Risk Management Options

The broker has many built-in risk management options like fast Market Execution with minimal slippage. To help you manage losses, the company also offers stop loss and negative balance protection. With all these risk management options in place, you can avoid incurring major losses even when working with a high leverage. 

Account Types

XM offers a total of 4 types of live trading accounts including one for trading stocks only. The Micro and Ultra Low accounts are also available as swap-free Islamic accounts. You can find the details of all trading accounts in the table below: 

Feature Micro Account Standard Account Ultra Low Account Shares Account Platform Availability MT4, MT5, XM AppMT4, MT5, XM AppMT4, MT5, XM AppMT5 only Base Currencies USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, ZARUSD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, ZARUSD, EUR, GBP, AUD, ZARUSD Minimum Deposit 5 USD5 USD5 USD10,000 USD Minimum Trade Volume 1 micro lot (1,000 units)1 standard lot (100,000 units)0.01 lots1 share Maximum Leverage 1:1000 (entity dependent)1:1000 (entity dependent)1:1000 (entity dependent)1:1 (no leverage) Commission NoneNoneNoneCommission per share Spreads From 1 pipFrom 1 pipFrom 0.6 pipsMarket dependent Swap-Free Option Yes (available by request)Yes (available by request)Yes (available by request)No Instruments Offered Forex, Commodities, Indices, Crypto, CFDsForex, Commodities, Indices, Crypto, CFDsForex, Commodities, Indices, Crypto, CFDsReal Stocks (non-CFD) Bonus Eligibility Yes (where applicable by regulation)Yes (where applicable by regulation)NoNo Stop-Out Level 20%20%20%20% Execution Type Market ExecutionMarket ExecutionMarket ExecutionMarket Execution Best For Beginners, small-volume tradersEveryday retail tradersActive traders seeking tighter spreadsInvestors seeking direct stock exposure

Besides live accounts, the company also offers demo accounts where you can test your strategies risk-free.