XM Broker Review: The Best Choice for Beginners
🎓 XM is the global leader in education and accessible trading, serving over 10 million clients. Known for its $5 Minimum Deposit and generous Bonus Programs, XM offers a perfect entry point for beginners. With leverage up to 1:1000 and 99.35% of orders executed in under 1 second, it is a powerhouse for retail traders.
Min Deposit
$5
Withdrawal Fee
0
Deposit Fee
0
Countries
Broker Overview
🏆 Why do 10 Million Traders Choose XM?
Founded in 2009, XM Group has grown into one of the most recognizable brands in the industry. It stands out by removing barriers to entry—offering micro accounts, free education, and low deposits.
🎁 1. The Bonus King
XM is famous for its promotional offers (where regulation permits). From the $30 No Deposit Bonus to huge Deposit Bonuses, they give traders extra margin to trade with.
⚡ 2. Superior Execution (No Requotes)
XM pioneered the "No Requotes" policy. 99.35% of all orders are executed in less than 1 second, ensuring you get the price you see, even during volatile news.
🛡️ Safety & Reliability
XM is a safe, multi-regulated broker:
✅ CySEC & ASIC - Strict Tier 1 supervision.
✅ Negative Balance Protection - You never lose more than you deposit.
✅ Transparency - No hidden fees on deposits or withdrawals.
Pros & Cons
Pros
- Minimum Deposit only $5
- Leverage up to 1:1000
- $30 No Deposit Bonus (in eligible regions)
- Micro Accounts (Trade with Cents)
- Free VPS for Active Traders
- Excellent Educational Material (Webinars)
- Zero Fees on Deposits & Withdrawals
- Regulated by ASIC, CySEC, FSC
- 1000+ Trading Instruments
- Loyalty Program (XM Points)
Cons
- Standard Account spreads are average (1.6 pips)
- No Crypto trading in some regions
- Inactivity fee after 90 days ($5/month)
- Does not accept US clients
- Ultra Low account does not receive deposit bonuses
General Information
Max Leverage
Spreads From
Execution Models
Deposit Currencies
Support Languages
Auto Trading
Contact Information
Account Types Overview
Accounts for Every Trader Level
XM simplifies trading with 4 distinct account types:
🟢 Micro Account (Best for Beginners)
Size: 1 Lot = 1,000 Units.
Min Deposit: $5.
Benefit: Allows you to trade with cents. Perfect for risk management.
🔵 Standard Account (Most Popular)
Size: 1 Lot = 100,000 Units.
Min Deposit: $5.
Benefit: Access to all bonuses and standard market conditions.
🟣 XM Ultra Low (Best Value)
Size: Standard or Micro.
Benefit: Spreads as low as 0.6 pips with NO Commission. (Note: Bonuses usually not available on this account).
Account Types
Shares - XM
Swap-free account
Features
Deposit Currencies
Trading Instruments
Shares
Characteristics
Stop Out
0%
Margin Call
50%
Min Position
1 unit
Max Position
300 units
Execution
instant
Spread Type
Floating
Decimals
4
Locked Margin
Varies
Commission
Varies
Standard Account - XM
Availability of a VIP account
Features
Deposit Currencies
Trading Instruments
Forex
Number of currency pairs: 28
CFDs
Amount of assets: 15+
Metals
Energy Source
Cryptocurrencies
Shares
Characteristics
Stop Out
20%
Margin Call
50%
Min Position
0.01 units
Max Position
100 units
Execution
market
Spread Type
Floating
Decimals
5
Locked Margin
Not specified
Ultra Low Account - XM
Swap-free account
Features
Deposit Currencies
Trading Instruments
Forex
Number of currency pairs: 27
CFDs
Amount of assets: 15+
Metals
Energy Source
Cryptocurrencies
Shares
Characteristics
Stop Out
20%
Margin Call
50%
Min Position
0.1 units
Max Position
100 units
Execution
market
Spread Type
Floating
Decimals
5
Locked Margin
Not specified
Payment Methods
Deposit Methods
Withdrawal Methods
Regulation Information
XM Global Regulation
XM Group is licensed by top-tier regulators globally:
CySEC (Cyprus): Trading Point of Financial Instruments Ltd (License 120/10).
ASIC (Australia): Trading Point of Financial Instruments Pty Ltd (License 443670).
FSC (Belize): XM Global Limited (License 000261/397) - Enables 1:1000 Leverage.
DFSA (Dubai): Trading Point MENA Limited (Ref F003484).
Commission & Fees
Fees & Spreads
XM uses a transparent Commission-Free model for most accounts:
Micro & Standard: $0 Commission. Spreads from 1.0 pips.
Ultra Low: $0 Commission. Spreads from 0.6 pips.
Shares Account: Commission applies per share traded.
Overnight Fees: Swap fees apply (Swap-Free Islamic accounts available).
Trading Platforms
Frequently Asked Questions
Is XM good for beginners?
Yes, XM is considered one of the best brokers for beginners due to its Micro accounts, $5 minimum deposit, and extensive educational library.
Does XM offer a No Deposit Bonus?
Yes, XM typically offers a $30 No Deposit Bonus to new clients in eligible regions (excluding EU/UK) to test the platform risk-free.
What is the maximum leverage at XM?
For clients under the global entity (FSC Belize), leverage goes up to 1:1000. For EU/AU clients, it is capped at 1:30.
Are there fees for deposits or withdrawals?
No, XM covers all transfer fees for both deposits and withdrawals (for amounts over $200 via wire, and all amounts via e-wallets/cards).
Start Trading
Important Notice
Trading CFDs involves risk. XM does not accept clients from the USA, Canada, Israel, Iran.
Quick Facts
- Trading Platforms
- MetaTrader 4MetaTrader 5XM App (Mobile)
- Execution Model
- Market Execution (STP)
- Deposit Currency
- USDEURGBPAUD+7
- Support Languages
- EnglishGreekJapanese+13
