How trustworthy is XM based on Trustpilot reviews?
💡 Answer
As of October 27, 2026, XM has a Trustpilot rating of 0 out of 5, based on 0 reviews.
This rating reflects real trader experiences with XM's execution, customer service, withdrawals, and overall platform quality. You can read individual reviews on the XM Trustpilot page.
See how XM compares to alternatives and explore their current offerings at XM official website.
More FAQs about XM
- Which countries are banned from opening an account at XM?
- What should I know before opening an account at XM?
- What makes XM stand out from other forex brokers?
- Can I reach XM support 24/7, and where are their offices?
- How does XM support trader education and market research?
- How do I fund my XM trading account?
- Can beginners use copy trading at XM to follow experienced traders?
- Does XM allow high-frequency trading and automated strategies?
- What is the minimum lot size at XM, and what instruments are offered?
- What account should I choose at XM as a beginner?
- Is there a web-based platform at XM, or do I need to download software?
- Does XM have a minimum deposit, and what account currencies are available?
- Can I get 1:500 leverage at XM, and what are the conditions?
- How are trading costs structured at XM across different account types?
- How trustworthy is XM from a regulatory standpoint, and what fund protections exist?
Guides Where XM Is Featured
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- Best Forex Brokers for Education & Learning in 2026
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These guides include XM alongside other forex brokers, grouped by trading features, platforms, availability, and trader requirements.
XM vs Vantage Markets vs IC Markets - Forex Broker Comparison (October 2026)
Side-by-side comparison of XM vs Vantage Markets vs IC Markets. Quickly scan spreads, leverage, regulations, platforms, instruments, fees, trading conditions, payment options and account types to narrow down your forex broker shortlist. Data updated October 2026.
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XM
Global Multi-Asset Broker — Big and Fair
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Vantage Markets
Australian ECN Broker with 1000+ Instruments
|
IC Markets
True ECN Forex & CFD Broker — Raw Spreads from 0.0 Pips
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|---|---|---|---|
| Overview | |||
| Trustpilot Rating | 0 | 0 | 4.8 |
| Trustpilot Reviews | 0 | 0 | 57,264 |
| Headquarters | Cyprus | Australia | Australia |
| Founded | 2009 | 2009 | 2007 |
| Best For | Beginners Education Low Deposit Copy Trading Day Trading Swing Trading News Trading Hedging Zero Spread No Commission Professional | Low Spreads Scalping Algo Trading Copy Trading Day Trading High Leverage Low Deposit Beginners Education High-Volume Swing Trading News Trading Hedging Zero Spread No Commission Professional | Low Spreads ECN Trading Scalping Algo Trading High-Volume Copy Trading Day Trading High Leverage Swing Trading News Trading Hedging Zero Spread No Commission Professional |
| Trust & Safety | |||
| Regulation | CySEC (Cyprus) ASIC (Australia) DFSA (Dubai) FSCA (South Africa) FSC (Belize) | ASIC (Australia) FCA (UK) FSCA (South Africa) CIMA (Cayman Islands) VFSC (Vanuatu) | ASIC (Australia) CySEC (Cyprus) FSA (Seychelles) SCB (Bahamas) CMA (Kenya) FSCA (South Africa) |
| Fund Segregation | ✅ Yes | ✅ Yes | ✅ Yes |
| Negative Balance Protection | ✅ Yes | ✅ Yes | ✅ Yes |
| Compensation Scheme | Up to EUR 20,000 under CySEC ICF | Up to £85,000 under FCA FSCS (UK clients); Lloyd's of London insurance up to $1,000,000 per claim | Up to €20,000 under CySEC ICF for EU clients |
| Trading Costs | |||
| Min Spread | From 0.0 pips (Zero), From 0.8 pips (Ultra Low), From 1.6 pips (Standard/Micro) | From 0.0 pips (Raw ECN), From 1.0 pips (Standard STP) | From 0.0 pips (Raw Spread), From 0.8 pips (Standard) |
| Commission | $3.50/lot/side (Zero), None (Standard/Micro/Ultra Low) | $3/lot/side (Raw ECN), $2/lot/side (Pro ECN), None (Standard STP) | $3.50/lot/side (Raw Spread MT), $3/100K (cTrader Raw), None (Standard) |
| Swap-Free (Islamic) | ✅ Yes | ✅ Yes | ✅ Yes |
| Inactivity Fee | $15 after 90 days inactive, then $5/month | None | None |
| Deposit/Withdrawal Fees | No deposit fees. No withdrawal fees (bank wire under $200 may incur fee) | No deposit fees. No withdrawal fees from Vantage. Third-party bank charges may apply | No deposit or withdrawal fees. Bank wire may incur intermediary charges |
| Trading Conditions | |||
| Max Leverage | 1:1000 (Global), 1:30 (EU/AU retail) | 1:500 (Global), 1:30 (EU/AU retail) | 1:1000 (Global), 1:500 (Bahamas), 1:30 (EU/AU retail) |
| Min Deposit | $5 (Standard/Micro/Ultra Low), $5 (Zero) | $50 (Standard STP/Raw ECN), $10000 (Pro ECN) | $200 |
| Execution Type | Market Maker | ECN | ECN |
| Stop Out Level | 50% (EU), 20% (Global) | 20% | 50% |
| Margin Call Level | 50% (EU), 100% (Global) | 80% | 100% |
| Instruments | 55+ Forex 1200+ Stocks 30 Indices 10 Commodities 5+ Metals 3 Energies 60+ Crypto | 61 Forex 825+ Stocks 29 Indices 13 Commodities 6 Metals 4 Energies 54 Crypto 57 ETFs 7 Bonds | 61 Forex 2100+ Stocks 25 Indices 19 Commodities 6 Metals 3 Energies 21 Crypto 9 Bonds 5 Futures |
| Currency Pairs | 55 | 61 | 61 |
| Min Lot Size | 0.01 | 0.01 | 0.01 |
| Platforms & Tools | |||
| Trading Platforms | MetaTrader 4 MetaTrader 5 | MetaTrader 4 MetaTrader 5 TradingView | MetaTrader 4 MetaTrader 5 cTrader TradingView |
| Mobile App | ✅ Yes | ✅ Yes | ✅ Yes |
| Copy Trading | ✅ Yes | ✅ Yes | ✅ Yes |
| Expert Advisors (EA) | ✅ Yes | ✅ Yes | ✅ Yes |
| VPS Hosting | ✅ Yes | ✅ Yes | ✅ Yes |
| API Access | ✅ Yes | ✅ Yes | ✅ Yes |
| Education | Webinars (23 languages) Video Tutorials Trading Academy XM Live Sessions Seminars | Comprehensive | Webinars Video Tutorials Trading Guides Market Analysis IC Your Trade Podcast |
| Account & Support | |||
| Account Types | Micro Standard Ultra Low Zero Shares Islamic Demo | Standard STP Raw ECN Pro ECN Islamic Demo | Standard Raw Spread cTrader Raw Islamic Demo |
| Payment Methods | Credit/Debit Cards (Visa Mastercard) Bank Wire Skrill Neteller UnionPay WebMoney Apple Pay Google Pay | Credit/Debit Cards (Visa Mastercard JCB) Bank Wire Skrill Neteller Apple Pay Google Pay FasaPay Perfect Money Crypto (Bitcoin USDT) AstroPay | Credit/Debit Cards Bank Wire PayPal Skrill Neteller UnionPay FasaPay Crypto (BTC) |
| Withdrawal Speed | Same day (e-wallets), 2-5 days (cards/bank wire) | Same day (e-wallets), 1-2 days (cards), 2-5 days (bank wire) | Same day (e-wallets), 1-3 days (cards), 3-5 days (bank wire) |
| Support Hours | 24/5 Live Chat, Email, Phone | 24/7 | 24/7 Live Chat, Email, Phone |
XM
Vantage Markets
IC Markets