Broker Review
← Back to Brokers
Open Account at XM
Open Account at XM
XM
XM is one of the most popular forex brokers worldwide, founded in 2009. With a low $5 minimum deposit and leverage up to 1:888, XM is particularly popular among beginner and retail traders.
The broker offers over 1,000 trading instruments across forex, indices, commodities, shares, and crypto CFDs. XM provides the MetaTrader 4 and 5 platforms along with its proprietary web trader.
XM is regulated by CySEC, ASIC, and IFSC, and is known for its comprehensive educational resources including webinars, seminars, and trading courses. The broker processes withdrawals within 24 hours and has no hidden fees.
Ratings Breakdown
Pros
- Low minimum deposit ($5)
- High leverage up to 1:888
- Comprehensive educational resources
- No hidden fees or charges
- Generous bonus programs
- Fast withdrawal processing
Cons
- Limited Tier-1 regulation
- Higher spreads on standard accounts
- Withdrawal fees after 3 months
- Limited platform choices
Key Details
| Regulation | CySEC, ASIC, IFSC, DFSA |
|---|---|
| Minimum Deposit | $5 |
| Platforms | MT4, MT5, WebTrader, Mobile |
| Leverage | Up to 1:888 |
| Assets | Forex, Indices, Commodities, Shares, Precious Metals, Crypto CFDs |
| Spreads | From 0.6 pips |
Funding
| Deposit Methods | Credit/Debit Cards, Bank Wire, PayPal, Skrill, Neteller, WebMoney |
|---|---|
| Withdrawal Methods | Credit/Debit Cards, Bank Wire, PayPal, Skrill, Neteller |
Support
24/5 Multilingual Support
User Reviews
No reviews yet. Be the first to share your experience!