Trading Instruments
Platforms & Tools
Fees
Security & Fairness
Deposit & Withdrawal
Customer Service
Broker Overview
XM delivers a polished multi-platform experience with MT4, MT5, and the XM App/WebTrader, keeping the workflow quick and uncluttered across web, desktop, and mobile.
Pricing is competitive—especially on popular account types such as Ultra Low—and execution is reliably fast. Funding is straightforward with clear disclosures and typically no fees from XM’s side on most deposit/withdrawal methods.
Education and research are standouts: frequent webinars, in-depth market analysis, and helpful platform guides make XM easy to recommend for both newer and experienced traders who want MT4/MT5 flexibility.
My top takeaways for XM in 2025:
- Fast setup on familiar platforms. Trade on MT4/MT5 (plus the XM App) with a clean client area and quick verification — smooth on both web and mobile.
- Clear account tiers. Standard, Ultra Low and Zero accounts are available (with a Shares account on MT5 in some regions). Minimum deposits start from $5 (Shares: typically $10,000) and 0.01-lot sizing supports testing and EAs.
- Broad market coverage. CFDs across forex, stock CFDs, equity indices, commodities, precious metals, energies and thematic indices (plus exchange-traded shares on MT5 where offered).
- Leverage flexibility (with risks). Regulated EU entity offers up to 30:1; selected international entities list up to 1000:1 (varies by instrument & jurisdiction). Always use strict risk controls.
- Straightforward funding. Supports cards, bank transfers and e-wallets via the secure client portal; XM advertises instant withdrawals with no fees on their side for most methods (third-party/FX conversion may apply).
- Good everyday trading conditions. Variable spreads, fast execution and stable platforms; EAs allowed, micro-lot trading, calculators, and an optional free VPS (available with qualifying balance).
- Trade-offs. No fully proprietary multi-asset web platform (XM relies on MT4/MT5 + app). Features, leverage, and product availability are entity & country dependent; check local terms before you fund.
Our editorial team opens and funds real trading accounts, then measures platforms, pricing, and execution in live markets. Every data point in our reviews is gathered first-hand—not copied from marketing pages.
We independently verify regulation and entity protections with public registers (FCA, CySEC, FSCA and others) and track 100+ variables across fees, spreads, platforms, funding, education, and support. Findings are peer-reviewed before ratings go live.
We’re reader-supported: if you use a partner link, we may earn a commission at no extra cost. This never affects our scores or recommendations. Learn more in how we test.
Our XM review is based on live-account testing across pricing, spreads, execution speed, and platform usability on MT4, MT5, and the XM App (WebTrader included). We independently verify regulation, leverage, deposits/withdrawals, and instrument availability for your country—the table above summarizes those key facts. Next, the Pros & Cons section distills strengths and trade-offs at a glance to help you decide if XM fits your strategy.
XM pros & cons
- Familiar platforms: MT4, MT5, and the XM App (WebTrader), with a clean client area and quick onboarding.
- Multiple account types: Standard, Ultra Low, and Zero (plus Shares on MT5 in some regions) with 0.01-lot sizing and low minimum deposit (from $5 on most accounts).
- Broad instruments: CFDs on forex, equity indices, commodities, precious metals, and energies; exchange-traded shares on MT5 where offered.
- Strong education & tools: daily analysis, webinars, videos, trading calculators; EAs allowed, hedging supported.
- Stable, everyday conditions: variable spreads, fast execution, and optional free VPS for eligible accounts.
- Features, leverage, and product availability vary by entity & country; terms differ across regions.
- No fully proprietary multi-asset web platform; XM primarily relies on MT4/MT5 and the app.
- Standard account spreads can be higher than raw-spread accounts (e.g., Zero) that charge commission.
- Crypto CFDs availability is limited or unavailable in some jurisdictions.
- Share/stock CFD universe may be smaller than multi-asset giants with very extensive symbol lists.
*Availability, fees, and leverage depend on your account entity and country. Always consider whether you can afford the high risk of loss.*
Regulation & Security
XM operates through multiple licensed entities; your onboarding entity depends on your country of residence.
The XM Group serves clients via several regulators and jurisdictions. EU accounts are provided by Trading Point of Financial Instruments Ltd (CySEC licence 120/10). Clients in the Middle East may be onboarded with Trading Point MENA Limited (DFSA ref F003484). International clients are served by XM Global Limited (Belize FSC licence 000261/27), XM (SC) Limited (Seychelles FSA licence SD190) and/or XM International MU Limited (Mauritius FSC licence GB23202700). In South Africa, XM ZA (Pty) Ltd is authorised by the FSCA (FSP 49976) and acts as an intermediary/direct marketer, while trading accounts are opened with XM Global Ltd and/or XM (SC) Ltd depending on eligibility.
Client money is held under a segregation policy at third-party banks, separate from company operating funds. XM also offers negative balance protection across account types, and the EU entity participates in the Investor Compensation Fund. Specific protections, leverage caps, and product scope vary by the entity that serves you and by local law—always check which entity will hold your account before you fund.
- Segregated funds at third-party banks
- Negative balance protection on all accounts
- Entity & country-specific rules (CySEC/DFSA/FSC/FSA/FSCA/FSC-MU)
Trading Platforms
XM provides access to powerful trading platforms across web, desktop, and mobile.
XM App is the all-in-one mobile and tablet solution for account management and trading. It offers clean watchlists, intuitive order tickets, integrated charting with popular indicators, and easy deposits/withdrawals — ideal for managing positions on the go without extra setup.
MT4 remains the classic choice for FX and CFDs, supporting EAs (algos), custom indicators, and one-click trading. It’s light, fast, and widely supported, making it perfect for traders who prefer a familiar workflow and extensive third-party tools.
MT5 unlocks multi-asset trading with additional order types, Depth of Market, an upgraded strategy tester, and flexible hedging. It’s designed for broader instrument coverage and advanced analysis while staying easy to use on web, desktop, and mobile (WebTrader included).
- Cross-device access (web/desktop/mobile)
- EAs and hedging supported on MT4/MT5
- Platform features and instruments may vary by entity/region
Account Types
XM supports multiple account profiles on MT4, MT5 and the XM App; availability, leverage, and product scope depend on your country and the serving entity.
You create one XM profile and add platform-specific accounts as needed (MT4/MT5). Base currencies and payment options vary by entity, and free demo accounts are available.
- Standard & Micro (where available) — Classic spread-only accounts with micro-lot support for testing and EAs. Designed for straightforward costs and broad instrument access.
- Ultra Low — Low-spread account variant aimed at tighter all-in trading costs on popular symbols; minimum deposit typically $5 (entity/method dependent).
- Zero — Raw-style pricing with spreads from 0 and a fixed commission per lot; popular with high-volume and EA traders. Minimum deposit typically $5 (entity dependent).
- Shares (MT5, where offered) — Exchange-traded shares with a higher minimum deposit and commission-based pricing; availability varies by region/entity.
- Swap-free / Islamic — Offered to eligible clients on selected account types; overnight interest replaced with administration fees where applicable.
- One profile; add MT4/MT5 accounts as needed
- Free demo accounts across platforms
- Typical minimum deposit from $5+ (entity & method dependent)
Trading Instruments
XM offers multi-asset trading across MT4, MT5 and the XM App. Availability, leverage and margin depend on your country and the serving entity.
Forex
- Major, minor and selected exotic currency pairs on MT4/MT5.
- Variable spreads with micro-lot sizing from 0.01 lots; EAs and hedging supported.
- One-click trading and rich charting across desktop, web and mobile.
Equity Indices
- Global stock indices (U.S., Europe, Asia) as CFDs.
- Cash and futures-style contracts depending on symbol; typically lower leverage than FX.
Commodities & Energies
- Precious metals (Gold, Silver) plus energies (WTI/Brent) and selected soft commodities.
- Tradable as CFDs with margin requirements set by asset class and entity.
Shares & Stock CFDs
- Share CFDs on popular companies via MT4/MT5.
- Shares account on MT5 (where offered) for exchange-traded shares with different terms and higher minimums.
Cryptocurrencies (CFDs)
- Major crypto vs USD and baskets where permitted; availability varies by region/entity.
- Higher volatility and wider spreads than FX—check your account terms.
Fees & Charges
XM’s pricing depends on account type (Standard, Micro, Ultra Low, Zero, Shares), platform, and the entity that serves your country. Below is an at-a-glance summary of trading and non-trading costs.
Trading fees
- Spreads: Variable and instrument-dependent; Ultra Low targets tighter all-in spreads, while Zero offers spreads as low as 0.0 with a fixed commission.
- Commissions: Zero accounts charge a fixed commission (e.g., about USD 7 per USD 100,000 traded, round turn). Shares accounts use a commission schedule that varies by market.
- Overnight financing (swaps): Charged/credited on CFD positions held past market close; based on instrument and entity. No swaps on futures-style CFDs; swap-free options available for eligible clients.
Funding & non-trading fees
- Deposits: No fees from XM’s side on most methods; your bank or payment provider may apply charges.
- Withdrawals: No fees from XM’s side (processor/bank/network fees may apply, depending on method/amount).
- Currency conversion: May apply when your account base currency differs from the instrument or payment method.
- Inactivity/dormant: A monthly dormant/inactivity fee can apply once an account is considered inactive; the amount and timing are entity-specific (see your Client Agreement).
How to keep costs low
- Choose the account that fits your style: Ultra Low for tight all-in spreads, or Zero for raw spreads + fixed commission.
- Trade during liquid sessions (e.g., London/NY overlap) for typically tighter spreads.
- Check swap rates before holding overnight; use swap-free if you’re eligible.
- Match your account base currency to your usual deposits to reduce conversions.
- Use XM’s All-in-One Calculator to estimate margin, swaps, and P/L before placing orders.
Always review fees inside your platform/account dashboard and your entity’s Client Agreement before trading.
Deposit & Withdrawal
XM supports multiple payment methods. Processing times, limits, and fees depend on your country, payment provider, and the XM entity that holds your account.
Supported methods (vary by region)
- Bank transfers & cards: local/international wires; Visa/Mastercard where supported.
- E-wallets: popular providers in your region (e.g., Skrill/Neteller and selected local wallets).
- Cryptocurrencies: limited availability where permitted; always check the cashier for your region.
Processing times & limits
- Deposits: typically near-instant for e-wallets/cards; bank wires can take 1–3 business days.
- Withdrawals: e-wallets often same-day (business hours); cards/banks ~1–5 business days.
- Minimums: method-dependent; common floors start around $5–$10 for many regions/methods.
- Limits: depend on verification tier (KYC) and local rules; larger transfers may require extra checks.
Fees & good practice
- XM generally does not charge deposit/withdrawal fees on most methods; third-party or network fees may apply.
- Use the same method for deposits and withdrawals where possible (anti-fraud policy).
- Enable 2FA and align your account currency with your funding method to reduce conversion costs.
Availability and limits are set by your XM entity and local regulations; verify details inside your account before funding.
Customer Support
Help is available across multiple channels, with self-service resources for quick answers. Hours, languages, and escalation routes vary by country and the XM entity that serves you.
Support channels
- Live chat: fastest way to reach an agent from the website, Client Area, or the XM App.
- Email/ticketing: for account-specific queries, verification, and documents.
- Phone support: regional numbers are available in many countries.
- Help Centre & Education: FAQs, platform tutorials, webinars, and trading basics for MT4/MT5 and the XM App.
Note: Channel availability and response priority can depend on verification status and region.
Hours & languages
- Availability: extended weekday coverage (typically 24/5) for trading-related support.
- Languages: English plus a range of regional languages (varies by location and time).
- Local considerations: public holidays and regional entities can affect opening times.
What to include for faster resolution
- Your registered email and the XM entity shown in your account (e.g., EU/CySEC, DFSA, FSCA, FSA-SC, FSC-BZ, FSC-MU).
- Platform & version (MT4 / MT5 / XM App) and your device/browser details.
- Relevant order IDs, timestamps, and screenshots/screencasts of any error.
- Funding questions: include the payment method, last four digits (if card), and bank reference/tx info.
Educational Resources
XM keeps education practical and easy to find: quick platform walk-throughs, beginner primers, and trading basics you can skim fast.
- Education Hub: short videos and guides on MT4/MT5, risk, and order types.
- Help Centre: step-by-step answers for account, funding, and platform how-tos.
- Webinars & research: periodic tutorials and market explainers (region dependent).
- Free demo: practice on MT4, MT5, and the XM App before risking real funds.
Comparison with Competitors
Compared to other brokers, XM stands out.
XM’s platform lineup covers the essentials most traders want: the familiar MT4/MT5 suite plus the streamlined XM App (WebTrader included). Everything runs under a single client area with quick verification. Many peers either offer only MetaTrader or push a single proprietary app; XM supports both approaches while keeping the workflow simple across web and mobile.
Pricing is competitive on major FX pairs with a choice of spread-only accounts or raw-spread + commission (Zero). Some rivals may advertise slightly tighter quotes on specific symbols, but XM’s overall cost profile is strong—helped by low entry requirements, micro-lot access, and stable execution on MT4/MT5 and the app.
Where XM differentiates is its education & multilingual support (webinars, tutorials, help centre) and a broad global footprint through multiple regulated entities. On the flip side, XM doesn’t offer 24/7 synthetic markets and its stock/Share-CFD universe can be smaller than the very largest multi-asset brokers. As always, features and instruments depend on your country and entity.
Final Verdict
XM delivers a clean, flexible trading experience at low cost. With MT4, MT5, and the XM App under one login—plus multi-asset CFDs across forex, indices, commodities, metals, energies, shares (where offered), and crypto CFDs (region-dependent)— it suits both quick mobile trading and more advanced MetaTrader workflows. Education is practical, funding is straightforward, and protections depend on the licensed entity serving your country.
Mini FAQ
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XM operates through multiple licensed entities (e.g., EU/CySEC, DFSA, FSCA, FSA Seychelles, FSC Belize, FSC Mauritius). Client funds are segregated, negative balance protection applies, and 2FA is available. Exact protections depend on your country and entity.
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Trade on MT4, MT5, and the XM App (WebTrader included) across web, desktop, and mobile.
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Yes. Practice on MT4, MT5, and the XM App with virtual funds before trading real money.
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Minimum deposits start from $5 on most account types (higher on Shares). Withdrawals: e-wallets are often same day (business hours); cards/banks typically take 1–5 business days.
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Crypto CFDs are available where permitted. Availability depends on your XM entity and local regulations.
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Yes—XM supports both MT4 and MT5 alongside the XM App.