XM Broker Review


    Visit BrokerRisk Warning: Your capital may be at risk

    💻 Demo Account: Yes
    ⚖ Allows Hedging: Yes
    🔪 Allows Scalping: Yes
    🏢 Headquarters: Cyprus
    📅 Founded: 2009
    📈 Trading Platform(s): XEM MT4 Terminal, XEM Web Trader, XEM iPhone Trader, XEM iPad Trader, XEM Droid Trader, XEM Mobile Trader, MIRROR TRADER
    📜 Regulating Authority(s): CySEC, FSP, ASIC
    💰 Minimum Deposit: $5
    📣 Maximum Leverage: 888:1

    Visit XM
    Risk Warning: Your capital may be at risk

    Minimum Deposit
    Maximum Leverage

    £20 No Deposit Bonus, Up To $5000 Deposit Bonus!

    Our Review of XM

    Company Overview
    XM is a trademark that has been registered by Trading Point Holdings Ltd., a company which owns a number of other trading companies, including Trading Point of Financial Instruments Ltd, which is located in Cyprus, and Trading Point NZ, located in New Zealand. XM specializes in creating an environment online that can be used for online trading for forex, futures, and CFDs. It advertises that it will not have any re-quotes, will not reject any trades, and will execute all trades. It has a 100% success rate. It was founded in 2008.

    Account Types
    There are three different types of accounts that are offered by XM. They are very similar to one another, offering the same number of currencies, the precise same leverage, spreads on majors, maximum number of pending orders, and commission fees, which are none. The only differences is that the Micro account has 100 lot restrictions per ticket, while the Standard and Executive accounts have 50 lot restrictions per ticket. The Micro account also has a contract size of 1,000, whereas the Standard and Executive accounts have a contract size of 100,000.

    Commissions & Spreads
    There is no commission fee charged for any of the accounts or any of the other trades that can be made, including on Forex, spread betting, CFDs, stocks, futures, or options.

    Trading Software
    The trading software that is used by XM is MetaTrader 4, by MetaQuotes. It offers a web application, as well as a mobile application that allows traders to continue to trade even while on-the-go. There is no monthly fee to pay for using this trader. Instead, the monthly fee is paid for the account that is created by XM. There are demo accounts available with MetaTrader 4. This trading software offers enough tutorials and help packages for beginners, as well as enough options to satisfy those who are considered to be advanced and expert traders. It has charts, indicators, and studies that are fully integrated with the platform, but does not offer live support or news integration. It allows stop order to be made, as well as market orders and trailing stops. The trading types that MarketTrader 4 supports are swing trading, mid term trading, day trading, and long term trading. Finally, it is possible to build both proprietary indicators and systems on MarketTrader 4.

    Deposits & Withdrawals
    There are no fees for making a deposit or a withdrawal. It is possible to use multiple credit cards to make deposits, electronic payments for withdrawals and deposits, bank wire transfers, and local bank transfers. In order to make a withdrawal, the trading account needs to be validated as a security precaution. It is also possible to transfer funds from one account that is used for trading to another account that is used for trading.

    Customer Support
    XM offers comprehensive customer support. There are many different tutorials that those who are new to trading can utilize in order to get into the game. They also have customer helplines that can be called if a customer has a question. The only problem is that there is no live support offered with the trading platform.

    Regulators & Safety
    All customer money is kept completely safe because it is stored in Barclays Bank Plc, which has been rated highly by all credit agencies. It is also licensed by the Cyprus Securities and Exchange Commission and the Financial Service Providers Register. XM has registrations through the Financial Conduct Authority, the Bundesanstalt für Finanzdienstleistungs-aufsicht, the Commissione Nazionale per la Società e la Borsa, and many other highly rated financial organizations throughout the world.

    Leverage, or the multiplication of an account, is present at XM. The maximum leverage is 888:1. It is the same for all accounts.

    Sign Up Bonuses
    When a new trader joins the contest arena, he or she will be awarded a free $20. There is also a 30% bonus of up to 10,000 for every deposit that is made. These bonuses do not stop after a person has joined and has been trading for an extended period of time. 

    Visit XM's Website

Company Information
Broker's Name
Headquartered in
Year Founded
Regulating Authority
US Clients Accepted
Telephone Number
00357 25029900
Fax Number
00357 25820344
E-Mail Address
Account Options
Type of Broker
Market Maker
Mini Account
VIP Account
Segregated Account
Islamic Account (Swap Free)
Demo Account
Institutional Accounts
Managed Accounts
Maximum Leverage
Minimum Deposit
Deposit Options
Credit Card, Neteller, Moneybookers Skrill, Liberty Reserve, Wire Transfer, Western Union, MoneyGram, WebMoney, China UnionPay, SOFORT, iDEAL
Withdrawal Options
Credit Card, Neteller, Moneybookers Skrill, Liberty Reserve, Wire Transfer, Western Union, MoneyGram, WebMoney, China UnionPay, SOFORT, iDEAL
More Instruments
Trading Platform
Platform Type
XEM MT4 Terminal, XEM Web Trader, XEM iPhone Trader, XEM iPad Trader, XEM Droid Trader, XEM Mobile Trader, MIRROR TRADER
Platform Languages
Multi Lingual
OS Compatibility
iPhone, iPad, Windows and Mac
Streaming News Feed
Charting Package
Trading Signals
Automated Trading
Trade From Charts
Market Commentary
E-mail Alerts
Mobile Alerts
Trailing Stops
Guaranteed Stop Loss
Guaranteed Limit Orders
Guaranteed Fills
Interest on Margin
One-Click Execution
OCO Orders
Mobile Trading
Web-Based Trading
Customer Service
Customer Support Languages
Multi Lingual
Customer Service Hours
Place Trades Over the Phone?
Bonuses & Rewards
No Deposit Bonus
Bonus for First Deposit
Is the Bonus Based on the Volume of the Transaction?
Other Bonuses

Top Bonus Info: 
£20 No Deposit Bonus, Up To $5000 Deposit Bonus!
Our Rating: 
Average: 5 (1 vote)
Mini Bonus Info: 

No Deposit
+Deposit Bonus

Free forex signals + market research
Online education and webinars
Fee free withdrawals and deposits
Broker Type: 

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