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XM review

(4.5 out of 5 stars from 5 Reviews)

C$ 150,00

XM No Longer Accept Canadian Clients - See best CA brokers

XM is a web broker and trading website that permits clients to trade a variety of assets.

Founded in 2009, XM group provides traders with the complete MetaTrader platform suite by MetaQuotes Software Corporation.

XM Group has evolved into a web multi-asset broker offering 57 currency pairs and 1000 CFDs. Five CFDs on cryptocurrencies also are offered covering Bitcoin, Dash, Ethereum, Litecoin and Ripple.

Risk Warning: CFDs are complex instruments and are available with a high risk of losing money rapidly thanks to leverage. 71.61% of retail investor accounts lose money when trading CFDs with this provider. you ought to consider whether you understand how CFDs work and whether you’ll afford to require the high risk of losing your money.

XM has 2.5 million clients in 196 countries round the world. So far, it’s executed quite 1.4 billion trades with a powerful zero rejections or requotes. The management team of XM has visited quite 120 cities to satisfy with partners and clients.

The history of XM goes back to 2009 when it had been founded. Now, it’s an industry leader and a well-established investment company . XM currently has quite 300 professionals, each of whom has long-year experiences within the financial industry.

XM has extensive experience and offers support in additional than 30 languages. This helps the broker appeal to those everywhere the planet and of any skill levels. XM also has 16 full-feature trading platforms for clients to settle on from.

Overall Rating


Minimum Deposit
Very good
Very good
Very good

How Is XM Regulated?

The XM brand (XM Group) may be a group of online regulated brokers. The group’s first entity was founded in 2009 in Cyprus (regulated by CySEC under license 120/10) under the name Trading Point of monetary Instruments Ltd.

Best Forex Brokers in Canada

Overall Rating

In 2015, the group established an entity (ASIC-regulated, registration number 443670) in Sydney, Australia, and therefore the same year obtained regulatory status in London (FCA-regulated, registration number 705428), under Trading Point of monetary Instruments UK Ltd.

More recently, XM Global Limited was established in 2017 in Belize (regulated by the IFSC, with registration number IFSC/60/354/TS/18).

xm brokers platform

Other Legal Information

XM Global has its registered address at No. 5 Cork Street, Belize City, Belize, C.A. XM Global (CY) Limited has offices in Cyprus. this is often at 36, Makariou & Agias Elenis, ‘Galaxias’ Building, 5th floor, Office 502, 1061, Nicosia, Cyprus.

Anyone curious about trading with XM should even be conscious of areas where it’s not available. Residents from certain countries cannot receive services from XM Global Limited. These include the USA, the Islamic Republic of Iran, and Israel.

You can view all of the relevant legal documents for XM on the Legal Documents page of the web site . This includes documents like terms and conditions, the bonus program, the loyalty program, the conflicts of interest policy, and more. At the time of writing, there are 12 documents during this section, all available for download as PDFs.

XM Overview

The broker offers a complicated trading platform also as flexible trading conditions to accommodate a variety of worldwide clients. XM’s expertise comes from in-depth knowledge of and knowledge with the worldwide financial markets.

The broker is devoted to offering superior services. Those include trading currencies, CFDs, precious metals, energies, and equity indices.

XM also offers its operational philosophy as a reason to think about choosing this company as a broker. Its philosophy is to earn loyalty as how to make sure the satisfaction of clients. XM recognizes that credibility and reputation are closely linked.

XM also takes steps to adapt to changing client needs as they become more demanding and complicated . this is often done by monitoring industry trends and technologies. XM is proud to possess never compromised on factors impacting client performance. This directly results in the broker’s ability to deliver the simplest execution and tight spreads.

One of the important characteristics of XM is that the company’s strive to stay human and connect with clients. this is often why management has visited quite 120 cities worldwide to satisfy with clients also as partners. XM feels that human interactions have a high value and always aims to deliver those interactions.

XM strives to supply a variety of learning opportunities for traders of all skill levels. a part of this is often hosting seminars round the world. The goal is to offer traders the talents needed to form improved trading decisions. XM has already hosted many these seminars, with even more planned.


The XM Foundation

XM also runs the XM Foundation. This foundation focuses on creating equal opportunities via humanitarian action. The mission of the XM Foundation is making a positive difference to people and assist them with achieving their potential. This goal applies no matter religion, ethnic background, and culture.

The XM Foundation assists with development and access to vocational skills and education via initiating projects. It also provides international aid by working with international and native human aid foundations that are active.

The XM Foundation page on the XM broker’s website includes recent news and initiatives from the inspiration . These include specific donations made and therefore the goals of these donations.

What sorts of Accounts Does XM Offer?

XM lets clients choose between four main sorts of accounts: Micro, Standard, XM Ultra Low, and Shares Accounts. All account types have exceptional trading conditions and unlimited access to MT4/MT4 with EA trading.

XM also offers the power to trade standard or micro lots, and therefore the same execution quality across account types. There are free and regular intra-day market updates plus technical analysis. there’s also multilingual customer support plus Personal Account Managers.

Account Types

Micro and Standard Accounts

Micro Accounts can have the bottom currency of USD, GBP, EUR, CHF, JPY, AUD, PLN, HUF, RUB, ZAR, or SGD. 1 lot is 1,000 and there are not any commissions. this sort of account has negative balance protection, trading bonuses, and no deposit bonuses.

An Islamic account

is optional and therefore the minimum deposit is $5. Hedging is allowed. Trading on MT4 must meet the trade volume minimum of 0.01 lots, which is 0.1 lots on MT5. These clients can only have up to 200 positions open or pending at a time. there’s a limit of 100 lots per ticket.

The main difference for normal Accounts with XM is that 1 lot is 100,000. there’s a restriction of fifty lots per ticket and therefore the minimum trade volume is 0.01 lots. aside from this, the quality and Micro Accounts are essentially identical.

XM Ultra Low Account

An XM Ultra Low Account is out there with the bottom currency of USD, GBP, EUR, SGD, AUD, or ZAD. you continue to haven’t any commissions and negative balance protection. Islamic Accounts remain optional. There are not any trading bonuses and no deposit bonuses, plus hedging is allowed.

The minimum deposit is $50. there’s still a maximum of 200 open or pending positions.

XM Ultra Low Accounts are often Standard Ultra or Micro Ultra.
For Standard Ultra, minimum trade volume is 0.01 lots and there’s a limit of fifty lots per ticket.
For Micro Ultra, these figures are 0.1 lots and 100 lots, respectively.

What Other Accounts Does XM Offer?

Shares Accounts are always Islamic and have a minimum deposit of $10,000. There are not any trading bonuses, no deposit bonuses, and hedging isn’t allowed.

The contract size is 1 share with a minimum trade volume of 1 lot. Clients can have a maximum of fifty positions open and pending, and therefore the lot restriction per ticket depends on the share.

XM also can help clients create custom-tailored accounts for trading forex. this enables flexibility to satisfy the requirements of any client.

Islamic Accounts

As previously mentioned, most of the account types available on XM are offered as Islamic accounts. Islamic or swap-free accounts don’t have any rollover or swap interest for overnight positions.

To open an Islamic account, simply open an account normally then validate it within the Member’s Area. At now , you only contact XM to vary it to an Islamic Account. confine mind that XM does reserve the power to revoke the swap-free status just in case of abuse.

Compared to other forex brokers who offer Islamic accounts, XM’s offerings stand out. that’s because most brokers will give Islamic accounts higher spreads. XM, however, doesn’t apply additional charges on Islamic Accounts.

Additionally, XM remains respectful to the thought of Islamic Accounts, never using “swap-free in disguise” accounts. Some brokers use this sort of account, during which they transfer the interest charge to a special fee. As this is able to still be a charge covering interest, it goes against ethical and fair trading.

What Assets are you able to Trade With XM?
XM gives clients the power to trade quite 1,000 instruments across seven asset classes. These include forex, individual stocks, precious metals, commodities, cryptocurrencies, energies, and equity indices.

You can view all the precise instruments available for trading on the individual asset pages.

  • There are 57 forex pairs available, including majors, minors, and exotics.
  • There are 1,210 stock CFDs. you’ll browse or search them, including by country.
  • The stock CFDs span 17 countries.
  • Those include the USA, the UK, Germany, France, Netherlands , Belgium, Switzerland, Spain, Greece,
  • Italy, Portugal, Norway, Finland, Sweden, Austria, Australia, and Russia.
  • Trading Instruments

XM offers access to eight commodities via futures CFDs. there’s access to 18 cash indices CFDs and 12 futures indices CFDs. XM also lets clients trade two spot metals instruments, gold and silver. Finally, there are five futures CFDs of energies.

What Trading Conditions Does XM Offer?

The specific trading conditions vary supported account type. Leverage for Micro Accounts with trades between $5 and $20,000 is 1:1 to 1:888. For trades between $20,001 and $100,000, it’s 1:1 to 1:200. For those at or above $100,001, it’s 1:1 to 1:100. this is often referred to as dynamic leverage.

Essentially, the margin percentage will increase because the volume per trade increases. The spreads on Micro Accounts are often as low as 1 pip. There are not any commissions. This information is identical for normal Accounts.

For XM Ultra Low Accounts, the leverage is identical, but spreads are often as low as 0.6 pips. There are not any commissions. there’s no leverage on Shares Accounts and therefore the spread is per the underlying exchange. there’s a commission with this sort of account.

You can view all trading conditions for every specific asset by visiting the asset class’s page. There, you’ll find minimum price fluctuations, start line for spreads, swap values, average spreads, and value of tons .

The information provided varies by asset class and may also include min and max trade size and margin percentage. All of this information is split by account type, so you recognize where you represent each specific asset.

XM Spreads

It is important to notice that XM uses variable spreads, as does the interbank forex market. By offering variable spreads, XM is in a position to eliminate the necessity for an premium . that might be necessary for fixed spreads since they have a tendency to be above the variable spreads.

This is further hampered by the very fact that a lot of brokers restrict trading on the brink of news announcements. As such, the specified premium becomes worthless.

By offering variable spreads, XM is in a position to avoid these issues for traders. There also are no restrictions associated with trading at the time of stories releases.


XM also gives clients access to fractional pip pricing. this enables for the simplest prices from the XM liquidity providers.

C$ 150,00

XM No Longer Accept Canadian Clients - See best CA brokers

C$ 150,00

XM No Longer Accept Canadian Clients - See best CA brokers