XM
XM is a globally recognized online forex and CFD broker founded in 2009 and headquartered in Limassol, Cyprus. Operating under the Trading Point Group, XM serves clients in over 190 countries through multiple regulated entities including CySEC, ASIC, and DFSA. The broker is known for its low minimum deposit of $5, extensive educational resources, and broad instrument selection covering over 1,400 CFDs across forex, stocks, indices, commodities, cryptocurrencies, and precious metals.
XM has built its reputation on accessibility and trader education, offering free webinars in 23 languages, daily market analysis from its in-house research team, and integration with Trading Central analytical tools. The broker provides trading through MetaTrader 4 and MetaTrader 5 platforms, with execution speeds averaging under one second on 99.35% of orders.
The broker offers four main account types suited to different trading styles. The Ultra Low account provides tighter spreads from 0.8 pips without commissions, while the Zero account offers raw spreads from 0.0 pips with a $3.50 per lot per side commission. XM also supports copy trading through its dedicated mobile app, making it accessible to both active and passive traders.
MetaTrader 4
MetaTrader 5
Trust & Safety
| Segregated Funds | Yes |
| Negative Balance Protection | Yes |
| Compensation Scheme | Up to EUR 20,000 under CySEC ICF |
| Founded | 2009 |
| Headquarters |  Cyprus |
Trading Costs
| EUR/USD Spread | From 0.0 pips (Zero), From 0.8 pips (Ultra Low), From 1.6 pips (Standard/Micro) |
| Commission | $3.50/lot/side (Zero), None (Standard/Micro/Ultra Low) |
| Islamic Account | Yes |
| Inactivity Fee | $15 after 90 days inactive, then $5/month |
| Deposit/Withdrawal Fees | No deposit fees. No withdrawal fees (bank wire under $200 may incur fee) |
Trading Conditions
| Max Leverage | 1:1000 (Global), 1:30 (EU/AU retail) |
| Minimum Deposit | $5 (Standard/Micro/Ultra Low), $5 (Zero) |
| Execution Type | Market Maker |
| Stop Out Level | 50% (EU), 20% (Global) |
| Margin Call Level | 50% (EU), 100% (Global) |
| Min Lot Size | 0.01 |
| Instruments | 55+ Forex 1200+ Stocks 30 Indices 10 Commodities 5+ Metals 3 Energies 60+ Crypto |
| Currency Pairs | 55+ |
Platforms & Tools
| Platforms | MetaTrader 4 MetaTrader 5 |
| Mobile App | Yes |
| Copy Trading | Yes |
| EA/Algo Trading | Yes |
| Free VPS | Yes |
| API Access | Yes |
| Education Resources | Webinars (23 languages) Video Tutorials Trading Academy XM Live Sessions Seminars |
| Research Tools | Trading Central Reuters News Economic Calendar Daily Market Analysis XM TV |
Account & Support
| Account Types | Micro Standard Ultra Low Zero Shares Islamic Demo |
| Base Currencies | USD EUR GBP JPY CHF AUD SGD ZAR PLN HUF |
| Payment Methods | Credit/Debit Cards (Visa Mastercard) Bank Wire Skrill Neteller UnionPay WebMoney Apple Pay Google Pay |
| Withdrawal Speed | Same day (e-wallets), 2-5 days (cards/bank wire) |
| Support Hours | 24/5 Live Chat Email Phone |
| Best For | Beginners Education Low Deposit Copy Trading Day Trading Swing Trading News Trading Hedging Zero Spread No Commission Professional |
| Restricted Countries | United States Canada Israel Iran China Japan United Kingdom Russia |
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