XM is a prominent online trading platform established in 2009, offering Forex, stock CFDs, commodities, equity indices, precious metals, and energies. XM boasts high trading volumes with zero rejections or requotes, spreads as low as 0.8 pips, and a commitment to high-speed order execution. It provides extensive educational resources and powerful trading platforms, including MetaTrader 4 and MetaTrader 5, catering to a global clientele in multiple languages.
XM Broker is an international brokerage company based in Cyprus, founded in 2009. It is famous for its customer-friendly approach, and it provides the following asset classes: forex, commodities, cryptocurrencies, stocks, and others. XM Broker maintains compliance in many regions with the regulatory framework provided by agencies including the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), as well as International Financial Services Commission (IFSC).
With over 5 million clients in more than 190 countries, XM Broker has become recognized due to its accessibility and tailored products, including support in different languages and various types of account suitable for traders at all levels. XM Broker also boasts a user-friendly interface since it mostly functions through the MetaTrader 4 and MetaTrader 5 platforms, mainly known for their reliability and in-depth trading tools.
Since its founding, the broker has earned a number of awards that stand as a testament to its commitment to customer-oriented service, user-friendly platforms, and more transparent and open transaction processes. XM Broker features are really distinct: it is with an ultra-low minimum deposit of just $5 and trading conditions that are comprehensive and friendly towards any category of traders-from the first-timers to the professionals. Also, the company provides several promotions-deposit bonuses, loyalty rewards-thus, being efforts at customer retention and further development of customer experience.
XM Broker operates under the oversight of multiple reputable financial regulatory authorities, ensuring a secure trading environment for its clients. The broker is regulated by the following entities:
In addition to regulatory compliance, XM Broker implements several security measures to protect client interests:
These regulatory frameworks and security protocols collectively contribute to XM Broker’s commitment to providing a safe and transparent trading environment for its clients.
XM Broker offers a diverse range of trading instruments, enabling clients to access various financial markets through a single platform. The available asset classes include:
This extensive array of instruments enables traders to diversify their portfolios and capitalize on opportunities across multiple markets, all within the XM trading environment.
Opening an account with XM Broker is a straightforward process designed to accommodate both novice and experienced traders. Follow this step-by-step guide to set up your account:
The verification process typically takes up to 24 hours.
By following these steps, you can effectively open and manage an account with XM Broker, leveraging their platforms and resources to enhance your trading experience.
XM Broker offers a variety of account types to cater to different trading needs and experience levels. Below is a comparative table highlighting the key features of each account type:
| Feature | Micro Account | Standard Account | XM Ultra Low Account | Shares Account |
| Base Currency Options | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR | EUR, USD, GBP, AUD, ZAR, SGD | USD |
| Contract Size | 1 lot = 1,000 units of the base currency | 1 lot = 100,000 units of the base currency | Standard Ultra: 1 lot = 100,000 units
Micro Ultra: 1 lot = 1,000 units |
1 share |
| Leverage | Up to 1:888 (depending on account balance and instrument) | Up to 1:888 (depending on account balance and instrument) | Up to 1:888 (depending on account balance and instrument) | No leverage |
| Spread on Majors | As low as 1 pip | As low as 1 pip | As low as 0.6 pips | Subject to the underlying exchange |
| Commission | None | None | None | None |
| Minimum Deposit | $5 | $5 | $5 | $10,000 |
| Minimum Trade Volume | 0.1 lots (MT4 and MT5) | 0.01 lots | Standard Ultra: 0.01 lots
Micro Ultra: 0.1 lots |
1 share |
| Maximum Open/Pending Orders | 300 positions | 300 positions | 300 positions | 50 positions |
| Lot Restriction per Ticket | 100 lots | 50 lots | Standard Ultra: 50 lots
Micro Ultra: 100 lots |
Depending on each share |
| Islamic Account Option | Available | Available | Available | Not available |
| Hedging Allowed | Yes | Yes | Yes | No |
Note: The availability of certain account types and features may vary based on the client’s country of residence and the regulatory entity governing the account.
XM Broker offers a variety of deposit and withdrawal methods to accommodate clients worldwide, ensuring flexibility and convenience. Below is an overview of the available options, along with associated details:
Deposit Methods:
| Method | Processing Time | Fees Charged by XM | Minimum Deposit |
| Credit/Debit Cards | Instant | None | $5 |
| Bank Wire Transfer | 2-5 business days | None | $200 |
| E-wallets (e.g., Skrill, Neteller) | Instant | None | $5 |
Note: While XM does not charge fees for deposits, third-party charges (e.g., bank fees) may apply, especially for bank wire transfers below $200.
Withdrawal Methods:
| Method | Processing Time | Fees Charged by XM | Minimum Withdrawal |
| Credit/Debit Cards | 2-5 business days | None | $5 |
| Bank Wire Transfer | 2-5 business days | None (for amounts over $200) | $200 |
| E-wallets (e.g., Skrill, Neteller) | Instant to 24 hours | None | $5 |
Note: XM covers all deposit and withdrawal transfer fees for payments made via Neteller, Skrill, and all major credit cards. Additionally, all deposits and withdrawals above $200 processed by wire transfer are also included in their zero fees policy.
Important Considerations:
By offering a range of deposit and withdrawal options with minimal fees and prompt processing times, XM Broker provides a user-friendly experience for managing trading funds.
Trading with XM Broker involves a straightforward process designed to accommodate both novice and experienced traders. Below is a step-by-step guide to help you navigate the trading journey with XM:
The verification process typically takes up to 24 hours.
By following these steps, you can effectively navigate the trading process with XM Broker, leveraging their platforms and resources to enhance your trading experience.
XM Broker is committed to providing comprehensive customer support to assist clients with their trading needs. Their support services are available 24 hours a day, five days a week, ensuring timely assistance across various time zones.
Support Channels:
Languages Supported:
XM offers multilingual support in over 25 languages, including English, Spanish, French, German, Portuguese, Italian, Greek, Russian, Polish, Thai, Arabic, Vietnamese, Korean, Bulgarian, Urdu, Hindi, Czech, Serbian, Romanian, Tagalog, Simplified Chinese, Traditional Chinese, Bahasa Malay, Bahasa Indonesia, Slovakian, Nepali, and Cebuano.
Response Times:
XM is known for prompt response times, with live chat and phone support providing immediate assistance. Email inquiries are typically addressed within 24 hours, ensuring clients receive timely resolutions to their concerns.
By offering diverse support channels and multilingual assistance, XM Broker demonstrates its commitment to delivering exceptional customer service to its global clientele.
In conclusion, XM Broker stands out as a reputable choice for traders seeking a reliable and accessible trading experience, backed by strong regulatory compliance, diverse trading instruments, user-friendly platforms, and comprehensive customer support and educational resources.
Alexandra Winters 
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