XM.com | Review | CFD Trading Platform

XM.com | Review | CFD Trading Platform

XM.com | Review | CFD Trading Platform Review

Our Review


Find all you need to know about XM.com Trading Platform.



  1. What is XM?
  2. Is it safe or a scam?
  3. Leverage 
  4. Account
  5. Fee
  6. Trading instrument
  7. Deposits and withdrawal
  8. Trading platform
  9. Customer support
  10. Education
  11. Conclusion


What is XM?

XM is a broker for online trading since 2009 up till now. It is working in more than 190 countries. The trusted and regulated broker has staff who are experts in almost 30 different languages. Although, it has a little bit strict policy of no-requotes and no-rejection. Besides, it provides its users with 1000 trading instruments. Only 2 platforms, metatrader4 and MetaTrader 5 are accessible. XM claims a user-friendly experience to its client that why it grows so fast and safe.

XM offers four account types that are different in many aspects like commission, spreads, deposits, etc.; an XM account can be open with an initial deposit of only $5 regardless of any trading experience. Moreover, it has started live webinars and updated research tools, which comforts global traders to begin trading.




A high established and regulated broker 

Only CFDs, forex, or cryptocurrency products available for EUROPE traders 

A variety of 1000 trading instrument 

Sometimes withdrawal may process in 5 days

Operated worldwide as well as in Asia, Africa, MENA 


30 languages can support


Award winner for the best forex broker




Is it safe or a scam?

Trading point of financial instruments Ltd (XM) is a competent forex broker that many traders prefer due to their quick customer service, variety of tools, liquidity, and bonuses offer, etc. the traders are working according to the EUROPEAN union, “markets in financial instrument directive” (MiFID) as well as other regulations followed.

XM was established in 2009 in Cyprus and regulated by the “Cyprus Securities and Exchange Commission” (CySEC). In 2015, it operated in Australia and regulated by the “Australians securities and investments commission” (ASIC). Moreover, it is enabled globally in 2017 under the international financial services commission (IFSC) Belize regulation.



XM offers flexible leverages that depend upon the account type and regulation followed by the entity. The basic range of leverage starts from 1:1 to 888:1. Knowing the terms and conditions of your residence's entity, choose the leverage level that gives you comfort. It is also based on the traded financial instrument.

EU regulated entity provides leverage level up to 30:1. The Australian entity of XM gives access to a leverage level of 500:1. Meanwhile, available leverage for international traders under the regulation of IFSC is 1:888. Further, you may get leverage according to the financial product or instrument you are using; for instance, trading point Cyprus European’s client may have access to 1:5 or more 1:2 for different products.



XM provides choice to new or professional traders to select account type, which is suitable for them. With the right selection of accounts, you can multiply your trade income. The account creating process is straightforward, comprise of few verification steps and a fully digital strategy.

The demo account is free to use for beginners so that they may able to gain some experience in online trading. You can also use the demo account for the long term, with no time restriction.


Account types

There are four different accounts choices available for clients, micro accounts, standard account, XM ultra-low account, and shares account. These accounts may have some unique features and some mutual. Such as all the accounts provide negative balance protection and zero commission, but some commission may be implied in the case of a share account.

Micro account

The base currencies options for micro-account are USD, EUR, GBP, JPY, CHF, AUD, HUF, RUB, and SGD. The initial deposit to open a micro account is $5. The leverage ratios available are 1:1 to 1:888, 1:1 to 1:200 and 1:1 to 1:100. The major spread is low, and a lot is equal to 1000. 

Standard account

The standard account has almost the same features as the micro-account. The minimum deposit is $5, as in a micro-account. From base currencies to minimum deposit, all categories are the same. Although one difference is the standard account offers 50 lots of restrictions for each ticket.

XM Ultra-low account

XM ultra-low account supports only EUR, USD, GBP, AUD, ZAR, and GSD as base currencies. One unique feature of this account is that it offers two options as standard ultra and micro ultra. A lot can be equal to 1000 as micro ultra, and one lot can be 100,000, classic ultra. Traders can open an account with a minimum of $50 as an initial deposit. Furthermore, this account offers as low as 0.6 pips a spread and a restriction of 50 or 100 lots for each ticket.

Shares account

The traders or any trading companies that have a large balance may choose this account. Because the minimum deposit for a shares account is 10,000$. This account has some features the same as the other three accounts of XM allows no leverage and hedging. The only USD base currency is supported, and 50 pending orders per client available. The commission may apply and spread as an underlying exchange.


Trading instruments

XM provides a great variety of trading instrument that makes trading interesting. These trading instruments include forex, commodities, precious metal, stocks, equity indices, and energies. But there is a risk of loss of using CFDs because these are complex products with high leverages.

Forex: almost 55 currency pairs are provided by XM broker involving cross-currency pairs, major currency pairs, and bizarre currency pairs.

Stocks: CFD stock on XM give access to global economies. Almost 600 companies use it. It also gave traders thought about up and downtrends in the market. Amazon, Bank of America, Apple, Adobe, Facebook, Netflix, Google, and many other companies’ trade stocks through this broker.

Commodities CFD: you can trade on up to 8 commodities on XM includes Coca, Coffee, Corn, Soybean, Cotton, High-grade copper, Sbean, Sugar, and Wheat. Spreads or conditions applied to them may be different. 

Indices: one of the trading instruments on XM is equity indices includes UK100, USDX, US 30, SWI30, JP225, GER30, and many more are available for trade on XM broker.

Costly metal: precious metals like Silver, Gold, palladium, and platinum are trade through this broker. XM broker can give leverage on this instrument up to 888:1.

Energies: through XM broker, traders have access to trade energy products like oil, OILMN, Natural gas, GSOIL, and BRENT. Traders get many advantages through XM trading of energy and oil


Deposits and withdrawal

XM broker has many deposit and withdrawal options. The minimum amount for the depositing funds is only 5$. It does not deduct money on withdrawing and deposits, except bank wire transfers. You can choose the following methods with different processing times for withdrawals or deposits.

1-     Debit/ visa card - instantly

2-     Bank transfer wire –   more than two business days 

3-     Web money - instantly

4-     E-wallets - instantly

5-     Local bank transfer – instantly



$5 as initial deposits

No cons 

No deposits and withdrawal charges


They provide numerous account base currencies


Fast & digital methods for deposits or withdraw




XM broker has a different account with changing spreads. It also charges a 3-rollover policy to the overnight positions. If you do not trade for 90 days, an inactivity fee of $5 may be implied on your account.


Trading platforms 

A well- established and famous trading platform are, Metatrader4 and Metatrader5, available for XM clients. Metatrader4 allows a single login you can access to the 8 outlets. Furthermore, it has a technical analysis tool along with 50 indicators and a charting tool.


Trading via web

You can use the web or browser to access trading on XM broker, and you have to log in to the web trading.



It is a very user-friendly software.

Only MetaTrader offers it

Easy to use


It can support multiple languages.


Fast & digital methods for deposits or withdraw



Desktop trading platform

XM provides trading platforms such as MT4 or MT5 for pc, MT4, or MT5 for Mac. There is no need for boot camp or parallels desktop for MT4 Mac. It also has many factors like micro lot account, spread as low as 0.6 pips, and full expert advisor. Similarly, Mt5 for Mac has many prominent features that attract traders. It gives 100% built-in applications of Mac and MT5 account fully functional. Besides, all types of trading orders are supported by this.

Mobile trading platform

Undoubtedly, you can use your cell phones for trading. XM broker allows using MT4 or MT5 for Android, MT4, or MT5 for iPhone for trading purposes. MT4 or MT5 mobile app provides 1000 instrument, 3D technical indicators as well as native mobile applications.


Customer support

Every well-established website or broker provides different tools for customer support. They provide solutions to the client’s problems. So XM also has efficient customer service teams available 24 hours and almost 5 days a week. The facilities of live chat, emails, and phone numbers are present. This broker can provide help in Dutch, French, Italian, Japanese, and the English language.




XM broker also has various methods for the client’s learning as well as for research. There are many educational materials, such as tutorial videos, webinars, and live educational offerings. If you are new to the XM broker, you can use all materials mentioned above to learn in-depth. 

In research tools, technical summaries, market overview, podcast trading ideas, and many others are included



Our XM broker review concludes that forex is safe and praised by many organizations for good services. The traders who have just a small balance can use this broker. As you have 4 account types and there are no fee charges on deposits or withdrawals. One unique feature of XM is that it can provide support in different languages. Bonuses and promotions can make the traders happy.



Does XM charge any commission?

Yes, it charges $7 commission per each standard lot.

Is XM has Islamic accounts?

Yes, it provides non- swap accounts to its Islamic customers.

Is XM accessible for US clients?

No, unfortunately it is not available for the US or Canada clients.


XM.com | Review | CFD Trading Platform

XM.com | Review | CFD Trading Platform Licenses:

XM Global Limited - regulated by IFSC (Belize) having registration no. IFSC/60/354/TS/19

Trading Point of Financial Instruments Pty Ltd - approved by ASIC (Australia) with registration no. 443670

Trading Point of Financial Instruments Ltd - certified by CySEC (Cyprus) have registration no. 120/10

1:30 | 1:888


Min. Deposit:
50 US$

Cyprus, Australia, & Belize

MT4 &MT5

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