All Share (J203) = 88 568
Rand / Dollar = 18.57
Rand / Pound = 23.38
Rand / Euro = 19.38
Gold (usd/oz) = 2 935.99
Platinum (usd/oz) = 973.86
Brent (usd/barrel) = 76.57
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

XM Review

XM Review

 

Overall, this XM review summarises them as a safe and trustworthy broker with a high trust score of 97 out of 99. XM offers a low minimum deposit for beginners and in-depth educational material. It also has 24/5 customer support and a user-friendly copy trading option.

 

🛡️ Regulated and trusted by the FSCA.
🛡️ 7492 new traders chose this broker in the last 90 days.
🛡️ Available for South African Traders 🇿🇦.

 

Min Deposit

USD 5

Regulators

FSC, CySEC, ASIC,

Trading Platform

MT4, MT5

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

XM Review – Key Point Quick Overview

  1. 🕸️XM Spider Chart
  2. 🖱️XM at a Glance
  3. 📝Overview
  4. Featured Offered
  5. ⭐️XM Customer Reviews and Ratings
  6. 🛡️Safe or a Scam?
  7. 🏆Awards
  8. ⚖️Leverage
  9.  📂XM Accounts
  10. 🔑How to Open an XM Account step by step
  11. 📊XM Market Instruments
  12. 💰Fees, Spreads, and Commissions
  13. 💳XM Deposit and Withdrawal
  14. 💻XM Trading Platforms and Tools
  15. 📲Mobile Use of XM
  16. 🤖XM AI Integration
  17. 🎁Sign-Up Bonus
  18. ⚖️Compare Forex Brokers
  19. 📞Customer Support
  20. 📚Education and Research
  21. 📘Forex Trading Guides
  22. ⚠️Risk management
  23. 👍Pros and Cons
  24. 🌍Best Countries by Traders
  25. Customer Reviews
  26. Conclusion
  27. ⚠️Disclaimer
  28. Frequently Asked Questions
  29. 📖References

 

XM Spider Chart

 

XM Spider Chart New

 

XM At a Glance

CategoryDetails
Company Information
🏷️Company NameXM Group
📍Headquarters LocationCyprus,
Limassol
📅Year Established2009
👤CEO/FounderConstantinos Cleanthous
🌐Global Offices Multiple locations globally
🔖Licensing BodyASIC,
CySEC,
IFSC
DFSA
👥Group CompaniesXM,
Trading Point
🏛️Business ModelSTP (Straight Through Processing)
🌍Operational LanguagesMultiple languages including English,
Arabic,
Spanish,
etc.
🏆Awards & RecognitionsVarious industry awards
Regulation and Security
🛡️RegulationCySEC,
ASIC,
IFSC,
DFSA,
FCA
✔️Compliance StandardsISO 9001,
MiFID II
💼Client Fund Segregation Yes
🪫Negative balance protectionYes
🕵️‍♂️Financial Conduct OversightYes
💰Insurance CoverageYes
📋AML & KYC PolicyYes
🔒Security of Trading PlatformSSL encryption,
two-factor authentication
🛡️Investor Compensation FundYes
🖥️Cybersecurity MeasuresHigh-level encryption and cybersecurity protocols
Account Types and Features
⚙️Standard Account Yes
📊ECN Account Yes
🌙Islamic AccountYes
🎮Demo Account Yes
👑VIP AccountYes
💵Minimum DepositFrom USD 5 / ZAR 90
💱Base CurrenciesMore than 11
(USD, EUR, GBP, AUD, etc.)
⚖️Leverage OptionsUp to 1:1000
📈Spreads (Fixed/Variable)Fixed or Variable
🔄Swap-Free AccountsYes
🌐Account Currency ConversionYes
🚨Margin Call Level50%
❌Stop-Out Level20%
🔄Hedging Allowed Yes
⚡Scalping AllowedYes
🔁Copy Trading SupportYes
👥Social Trading FeaturesYes
💼Managed AccountsYes
Trading Conditions
🔍Average SpreadsFrom 0.1 pips (ECN)
💲Commissions per Trade From $3 per lot
🔢Leverage Range1:1 to 888:1
🚀Execution SpeedFast (milliseconds)
📊Order Execution TypeMarket execution
🔄Slippage PolicyLow slippage,
transparent
📏Margin requirementsDepends on account type and leverage
⏹️Stop-Loss and Take-Profit OrdersYes
🔁Trailing StopsYes
🕑Pending OrdersYes
🔽Partial FillsYes
🧾Dividend AdjustmentsYes
🌙Overnight Swap Fees Yes
📆Rollover PolicyYes
🛑Guaranteed Stop LossYes
Trading Instruments
💹Forex Currency PairsYes
🪙Precious Metals (Gold/Silver)Yes
📈IndicesYes
🌾CommoditiesYes
⛽Energies
(Oil/Natural Gas)
Yes
₿CryptocurrenciesYes
📉StocksYes
🗂️ETFsYes
🏛️BondsYes
📜Futures Contracts Yes
🛡️Options ContractsYes
⚖️CFDs
(Contracts for Difference)
Yes
🔣Swap on Trading BoardYes
🔀Leveraged InstrumentsYes
🎯Micro-Lot TradingYes
💸Spread BettingNo
🧺Currency BasketsNo
Deposits and Withdrawals
💳Deposit MethodsBank wire,
Credit cards,
e-Wallets
💵Withdrawal MethodsBank wire,
Credit cards,
e-Wallets
⏱️Processing Time for DepositsInstant
🕒Processing Time for Withdrawals 1-5 business days
🚫Deposit FeesNo
💵Withdrawal FeesNo
🔢Minimum Deposit AmountFrom USD 5 / ZAR 90
📉Minimum Withdrawal Amount$5
🚪Maximum Withdrawal Limit Dependent on account type and verification
💱Supported CurrenciesUSD,
EUR,
GBP,
JPY,
etc.
₿Crypto Deposits & WithdrawalsYes
🏦Bank Wire TransfersYes
💳Credit/Debit CardsYes
📲E-Wallets
(Skrill, Neteller, etc.)
Yes
🏘️Local Payment MethodsYes
Trading Platforms and Tools
💻MetaTrader 4 (MT4) Yes
👩‍💻MetaTrader 5 (MT5)Yes
🖥️Proprietary PlatformNo
📱Mobile Trading AppYes
🌐Web-Based PlatformYes
🤖Trading BotsYes
🖧VPS ServicesYes
🔌API ConnectivityYes
📉Charting ToolsYes
🧮Custom IndicatorsYes
🧠Market Sentiment Analysis Yes
📩Trading SignalsYes
🏷️Advanced Order TypesYes
⚠️Risk Management ToolsYes
📅Economic Calendar Yes
📰Market News Feed Yes
Customer Support
📞Support ChannelsLive chat,
Email,
Phone
🗨️Live Chat AvailabilityYes
📧Email SupportYes
📱Phone SupportYes
🌍Multilingual SupportYes
❓Help Center/FAQYes
👨‍💼Dedicated Account ManagerYes
⏲️Response Time (Live Chat)Instant
🕒Response Time (Email)24 hours
⭐Support Rating 4.5/5
Educational Resources and Support
🎥Webinars Yes
🏫SeminarsYes
📖Trading TutorialsYes
📊Market Analysis ReportsYes
📚E-BooksYes
🎬Video LibraryYes
📜GlossaryYes
❔FAQs Yes
🆕Beginner GuidesYes
🚀Advanced Trading StrategiesYes
Partnerships and Programs
📋IB ProgramYes
🪪Affiliate program?Yes
🏷️White Label SolutionsYes
🎁Partnership Rewards Yes
🏛️Institutional SolutionsYes
🔌API Partnership Yes
🤝Referral ProgramYes
Fees & Charges
💳Deposit FeesNo
📤Withdrawal FeesNo
💤Inactivity FeeYes
🌜Overnight Fees (Swaps)Yes
💱Conversion FeesYes
💰Commission on TradesFrom $3 per lot
Market Research Tools
📅Economic CalendarYes
📰Market NewsYes
📩Trading Signals Yes
🔧Technical Analysis ToolsYes
💭Sentiment Analysis Yes
Additional Features
👥PAMM/MAM Accounts Yes
🔗Social Trading PlatformYes
🏆Trading CompetitionsYes
🎁Loyalty RewardsYes
👑Exclusive VIP PerksYes
Promotions & Bonuses
🎁Welcome Bonus Yes
💵Deposit Bonus Yes
🏅Trading ContestsYes
🌟Seasonal PromotionsYes
🎖️Loyalty ProgramsYes
User Experience & Reviews
🖥️User Interface Quality4.5/5
🔒Platform StabilityHigh
📱Mobile App Reviews 4.6/5
⭐Overall User Rating4.5/5
🌟Trustpilot Rating4.5/5
😟Common ComplaintsLimited withdrawal options
Mobile
📱Mobile App NameXM Trading
🛠️Developer XM Group
📅Release Year2015
💻OS CompatibilityiOS,
Android
🌐Languages SupportedMultiple languages
📈Trading InstrumentsYes
🔄Real-Time DataYes
🛠️Charting ToolsYes
📊Order Types SupportedYes
🚀Order Execution SpeedFast
🔔Custom Alerts Yes
🤝Beginner-Friendly Yes
🔐Security FeaturesYes
🖥️SynchronizationYes
💰Deposit and Withdrawal Yes
📝Account Types AccessibleYes
🔄Switch AccountsYes
💬In-App SupportYes
📚Educational Resources Yes
🎯WatchlistYes
🌙Dark ModeYes
🌐Social TradingYes
AI Trading Resources
🤖AI IntegrationYes
📊Data Analysis
Yes
📈Predictive AnalyticsNo
🛠️Customizable StrategiesNo
📉Risk Management ToolsNo
🧑‍🏫Trading InsightsYes
🚀Execution OptimizationYes
🔄Portfolio RebalancingNo
📚AI TutorialsNo
🎥Video DemonstrationsNo
🧑‍🤝‍🧑Webinars No
🔍AI-Powered Search No
🌟Beginner-Friendly No
🖥️Platform AvailabilityNo
📈Backtesting CapabilityNo
🛠️Strategy BuilderNo
🔔Alerts and NotificationsNo
🔒Data ProtectionNo
👁️‍🗨️Transparency No
Social Media Platformst
📘FacebookYes
📷InstagramYes
🐦Twitter Yes
💼LinkedIn Yes
🎥YouTubeYes
👉Open Account👉 Open Account

 

Overview

Overview

 

XM.com is a leading online global broker founded in 2009 and headquartered in Cyprus. It also operates in South Africa.

XM.com has grown to become a large and well-established international investment firm and a true industry leader, with more than 2,500,000 clients from 196 countries.

XM.com is a leading broker in the foreign exchange market. The company accepts traders from Australia, Thailand, the United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, and most other countries except the United States, Canada, Israel, and Iran. The foreign exchange market is one of, if not the most, liquid market in the world.

Did you know? – XM is also known as XM Global, XM Markets, XM Group, or XM Broker.

More than 450 professionals operate XM.com with years of experience in the financial industry. This, combined with the resources and support for well over 30 languages, makes XM.com a broker of choice for traders of all levels.

XM.com offers over 25 secure payment methods, 16 full-feature trading platforms, and 24/5 personal customer service.

More than 99 % of all XM.com orders are executed in less than a second, with no re-quotes or rejections. Their clients benefit from Negative Balance Protection, so they never risk losing more than their account balance.

 

 

Featured Offered

XM provides featured services for traders in the office that aim to suit all sorts of traders in the market.

Some of the main features include tight spreads, quick order processing, and a wide choice of account types, which will benefit both newcomers and professionals.

The broker also offers multiple trading instruments including, what I already shared above, forex, stocks, commodities, and indices, with the option to choose your trading platform, MetaTrader 4 or MetaTrader 5.

The educational section of XM, including webinars, tutorials, and market analysis, is another significant advantage since it helps traders enhance their experience and knowledge.

XM has created a reputable brokerage service with excellent support for customers while also providing attractive bonuses for traders.

 

FeatureDescription
📊Account TypesVarious accounts for all trader levels,
including demo and live options.
💸Competitive SpreadsTight spreads for better trading conditions.
⚡Fast ExecutionQuick order execution for improved trading performance.
📈Trading InstrumentsForex,
stocks,
commodities,
indices,
and more.
💻PlatformsOffers MetaTrader 4 and MetaTrader 5 for flexibility and ease of use.
📚Educational ResourcesWebinars,
tutorials,
and market analysis to enhance your trading knowledge.
📞Customer Support24/7 support to assist with any issues or questions.
🎁Bonuses & PromotionsAttractive bonuses for new and existing clients.

 

XM Customer Reviews and Ratings

Customers view XM positively by rating it highly on various online platforms, and the traders mention that the company has faster execution, competitive spreads, and high-quality customer support.

Customers value opportunities provided by a diverse product offering and the MetaTrader terminals in particular.

Other educational materials like webinars and tutorials are also often positively mentioned when it comes to trader skills.

Although certain users have said that the process of withdrawal is slower than one might expect, the majority of customers regard the process as safe.

A large number of traders prefer this brokerage company because of the high standards of regulation and a wide choice of accounts for beginners and professionals.

 

AspectCustomer Feedback
📞Customer SupportHighly praised for being responsive and helpful.
⚡Execution SpeedFast execution speeds are appreciated by traders.
📉SpreadsCompetitive spreads are a key positive point.
📱Platform UsabilityMetaTrader platforms are user-friendly and popular.
📚Educational ResourcesWebinars and tutorials are helpful for improving trading knowledge.
💳Withdrawal ProcessSome users mention slower withdrawals compared to expectations.
🔒Regulation & ReliabilityStrongly regulated with a reliable overall experience.
🏦Account OfferingsA wide variety of account types to suit different traders.

 

Safe or a Scam?

Safe or a Scam

 

One of the best ways to measure the safety of a broker like XM Global is to establish which regulating authorities are watchdogs over its actions.

 

Is XM Safe and Regulated?

XM is a safe bet when it comes to regulation. It is overseen by several authorities, including the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC), both of which are well-respected regulatory bodies. Additionally, XM has a legal entity called Trading Point MENA Limited, which is regulated by the Dubai Financial Services Authority (DFSA). This provides extra reassurance for some users.

XM.com is globally renowned, with clients from over 196 countries and staff speaking more than 30 languages. Its management has visited over 120 cities globally to understand clients’ and partners’ needs.

From the same trading account, XM.com clients can trade forex and CFDs on stock indices, commodities, stocks, metals, and energies. Their wide range of trading instruments available from a single multi-asset platform, XM, makes trading easy and efficient.

There are no hidden terms at XM.com, whether you look at pricing, execution, or promotions.

All systems are built and updated with the client’s welfare in mind. The account opening procedure, managing your account, depositing or withdrawing funds, and trading are all straightforward.

 

🔎 Country of clients💶 Protection amount📌 Regulator📍 Legal entity
1️⃣ EEA countries€20,000Cyprus Securities and Exchange Commission (CySEC)Trading Point of Financial Instruments Ltd.
2️⃣ AustraliaNo protectionAustralian Securities and Investments Commission (ASIC)Trading Point of Financial Instruments Pty Ltd.
3️⃣ Middle EastNo protectionDubai Financial Services Authority (DFSA)Trading Point MENA Limited
4️⃣ Rest of the worldNo protectionFinancial Services Commission of Belize (IFSC)XM Global Limited

 

Awards

Awards

 

XM has won many awards over the years; here are some of XM’s best awards won:

  • Best FX Service Provider awarded by City of London Wealth Management Awards 2025
  • Best CFDs Broker in MENA Region awarded by Forex Expo Dubai 2025
  • Global Forex Broker of the Year awarded by Global Forex Awards 2025 – Retail
  • Best FX Broker Europe awarded by World Finance Forex Awards 2025
  • Most Transparent Broker awarded by CFI.co 2025
  • Best FX Broker Middle East awarded by World Finance Forex Awards 2025
  • Most Trusted Asian Forex Broker awarded by Global Forex Awards
  • Best Broker awarded by FinTech Age Awards
  • Best Forex Trading Platform 2025 awarded by Online Money Awards 2025

 

In addition, XM was awarded the Best Mobile App award at the Financial Expo Egypt 2025.

 

Leverage

Leverage

 

Leverage is a facility that enables you to gain a much larger exposure to the market you’re trading than the amount you deposit to open the trade.

Leveraged products, such as forex trading, magnify your potential profit and increase your potential loss.

The leverage amount is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate to 500:1.

 

📈 Leverage📌 Total Equity
1:1 to 1:1000$5 – $20,000
1:1 to 1:200$20,001 - $100,000
1:1 to 1:100$100,001 +

 

Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as a percentage of position size (e.g., 5% or 1%), and you must have funds in your trading account to ensure sufficient margin.

For example, on a 1% margin, a position of $1,000,000 will require a deposit of $10,000. The margin level in a trading account needs to be equal to or more than 100% to open new trades; otherwise, your trading account will be fully hedged.

Leverage can range from 2:1 to 30:1, depending on the instrument. This is flexible, and XM Global offers its clients the chance to manage their leverage risk.

Margin requirements remain constant throughout the week and never widen at weekends or nights. This leverage applies to clients registered under the group’s EU-regulated entity.

 

XM Accounts

XM Accounts

 

XM provides traders with competitive and comprehensive trading conditions tailored to the needs of various traders despite their experience, skill, and knowledge level. XM’s trading conditions are spread across four dynamic account types.

Often, the number and type of accounts a trader can open with a broker company differs depending on the country in which it operates and the regulatory authorities under whose jurisdiction it falls.

In addition, Malay, Polish, Portuguese, and Russian are supported.

 

🔎 Accounts🥈 Standard Account🥉 Ultra Low ZERO Account🏅 Shares Account
🌎 Client countryEEA
Australia
Other countries
EAANon-EEA and non-Australian clients
💴 Base Currency OptionsUSD, EUR, GBP, JPY, CHF,‎
AUD, HUF, PLN, RUB, SGD, ZAR
EUR, USD, GBP, AUD, ZAR, SGDUSD
📈 Contract Size1 Lot = 100,000Standard Ultra: 1 Lot = 100,000
Micro Ultra: 1 Lot = 1,000
1 share
📉 Leverage1:1 to 1:1000($5 – $20,000)
1:1 to 1:200 ($20,001 - $100,000)
1:1 to 1:100 ($100,001 +)
1:1 to 1:1000($5 – $20,000)
1:1 to 1:200 ($20,001 – $100,000)
1:1 to 1:100 ($100,001 +)
No Leverage
📊 Negative balance protection✅Yes✅Yes✅Yes
💹 Spread on all majorsAs Low as 1 PipAs Low as 0.6 PipsAs per the underlying exchange
💶 CommissionNoneNone✅Yes
📌 Maximum open/pending orders per client300 Positions300 Positions50 Positions
📍 Minimum trade volume0.01 LotsStandard Ultra: 0.01 Lots
Micro Ultra: 0.1 Lots
1 Lot
🚩 Lot restriction per ticket50 LotsStandard Ultra: 50 Lots
Micro Ultra: 100 Lots
Depending on each share
↪️ Hedging allowed✅Yes✅YesNone
☪️ Islamic AccountOptionalOptionalYes
💷 Minimum DepositUSD 5 / ZAR 90USD 5 / ZAR 90USD 10,000 / ZAR 180986
🚀Open an Account👉 Open Account👉 Open Account👉 Open Account

 

In the case of XM.com, they offer trading accounts with exceptional conditions.

 

Standard Account

Standard Account

 

Benefits of trading with the XM Standard Account include:

  • Base currencies include USD, EUR, GBP, JPY, CHF, AUD, HUG, PLN, RUB, SGD, and ZAR.
  • Contract size where 1 lot = 1,000.
  • Spreads from as low as 1 pip.
  • The minimum trade volume is 0.01 lots.

Moreover, there is a restriction of 50 per ticket.

 

🔎 Accounts🥇 Standard Account
💶 Base Currency OptionsUSD, EUR, GBP, JPY, CHF,‎
AUD, HUF, PLN, RUB, SGD, ZAR
📈 Contract Size1 Lot = 100,000
📉 Leverage1:1 to 1:1000 ($5 – $20,000)
1:1 to 1:200 ($20,001 - $100,000)
1:1 to 1:100 ($100,001 +)
📊 Negative balance protection✅Yes
💹 Spread on all majorsAs Low as 1 Pip
💴 CommissionNone
📌 Maximum open/pending orders per client300 Positions
📍 Minimum trade volume0.01 Lots
↪️ Lot restriction per ticket50 Lots
🚩 Hedging allowed✅Yes
☪️ Islamic AccountOptional
💷 Minimum DepositUSD 5 / ZAR 90
🚀Open an Account👉 Open Account

 

Ultra-Low Account

Ultra-Low Account

 

The XM Yltra-Low account has the following features:

  • Base currencies include EUR, USD, GBP, AUD, ZAR, and SGD.
  • Contract sizes per standard ultra of 1 lot = 100,000 and micro ultra of 1 lot = 1,000.
  • Spreads from as low as 0.6 pips.
  • Minimum trade volume on standard Ultra of 0.01 lots and micro ultra of 0.1 lots.

 

There is a lot restriction per ticket, with 50 lots on standard ultra and 100 lots on micro ultra.

 

🔎 Accounts🥇 Ultra Low Account
💴 Base Currency OptionsEUR, USD, GBP, AUD, ZAR, SGD
📈 Contract SizeStandard Ultra: 1 Lot = 100,000
Micro Ultra: 1 Lot = 1,000
📉 Leverage1:1 to 1:1000 ($5 – $20,000)
1:1 to 1:200 ($20,001 – $100,000)
1:1 to 1:100 ($100,001 +)
📊 Negative balance protection✅Yes
💹 Spread on all majorsAs Low as 0.6 Pips
💶 CommissionNone
📌 Maximum open/pending orders per client300 Positions
📍 Minimum trade volumeStandard Ultra: 0.01 Lots
Micro Ultra: 0.1 Lots
🚩 Lot restriction per ticketStandard Ultra: 50 Lots
Micro Ultra: 100 Lots
⏩ Hedging allowed✅Yes
☪️ Islamic AccountOptional
💷 Minimum DepositUSD 5 / ZAR 90
🚀Open an Account👉 Open Account

 

Shares Account

Shares Account

 

The XM Shares Account has the following notable factors and features:

  • Minimum deposit of $10,000
  • The base currency of this account is solely USD.
  • The contract size is 1 share.
  • There is no leverage provided on this account.
  • The spread is according to and as per the underlying exchange.
  • Commission charges on this account range between $1 and $9 depending on the underlying exchange and the individual share.
  • The maximum number of open and pending orders per client is restricted to 50 positions.
  • The minimum trade volume on this account is one lot, and
  • The lot restriction per ticket depends on each share.

 

However, hedging is not allowed on this account.

 

🔎 Accounts🥇Shares Account
💴 Base Currency OptionsUSD
📈 Contract Size1 share
📉 LeverageNo Leverage
📊 Negative balance protection✅Yes
💹 Spread on all majorsAs per the underlying exchange
💶 Commission✅Yes
📌 Maximum open/pending orders per client50 Positions
📍 Minimum trade volume1 Lot
🚩 Lot restriction per ticketDepending on each share
⏩ Hedging allowedNone
☪️ Islamic AccountYes
💷 Minimum DepositUSD 10,000 / ZAR 180986
🚀Open an Account👉 Open Account

 

Demo Account

Demo Account

 

XM offers traders the option of opening a Demo Account on either the Standard or the XM Ultra-Low Account, which can be utilized in various ways, including, but not limited to, the following:

  • This is a practice account for beginner traders who wish to improve their trading skills and experience in a risk-free environment using virtual funds.
  • Traders who are evaluating and comparing brokers who would like to explore XM’s trading conditions in a risk-free environment and

 

Traders who wish to test their trading strategies in a mimicked live trading environment without risking their capital.

 

Islamic Account

 

An Islamic Account caters specifically to Muslim traders who strictly follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is considered wasteful or exploitative.

Overnight fees are charged should traders hold positions open for longer after the concluded trading day. This type of account allows exemption from such fees or interest should they have positions open for longer.

XM offers the option of an Islamic Account on all of the account types offered. Whereas brokers would charge extra fees on such accounts, XM does not waive extra fees on Muslim Traders possessing this type of account.

 

How to Open an XM Account step by step

 

 

Step 1: Click on the Open an Account Button

Click the Green “Open an Account” button on the XM webpage.

 

How to Open an XM Account step 1

 

Step 2: Complete your details.

An online registration form must be completed to register a Live or Demo Trading account. Once the registration is approved, an email notification will be received.

 

How to Open an XM Account step 2

 

Step 3: Confirm your Email

Verify your email address before you can start training.

 

How to Open an XM Account step 3

 

XM Market Instruments

XM Market Instruments

 

XM broker offers various instruments for trading across various financial markets. Here are the main instruments available on XM broker:

  • Over 55 currency pairs, including majors, minors, and exotics.
  • Stocks from major stock exchanges include the NYSE, NASDAQ, and LSE.
  • Precious metals such as gold and silver, energy commodities such as oil and natural gas, and agricultural commodities such as corn and wheat.

 

Moreover, popular stock indices, such as the S&P 500, NASDAQ 100, FTSE 100, DAX 30, and many others, are available for trade.

 

Min Deposit

USD 5

Regulators

FSC, CySEC, ASIC,

Trading Platform

MT4, MT5

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Fees, Spreads, and Commissions

 

Due to its global presence, XM.com may offer various account types that differ according to the regulated entity to which it complies. Therefore, clients may experience different fee structures, too, depending on their country or place of residence.

Applicable fees, including the Minimum deposit, are set out on the related pages of their website. Still, there are no hidden fees or commissions, with all e-wallets 100% covered, all major credit cards 100% covered, and wire transfers above 200 USD covered.

 

🔎 Account💴 Fees, Spreads & Commissions
📉 Standard AccountMinimum deposit of $5, leverage from 1:1 to 1:1000, spreads from as low as 1 pip, and zero commissions.
💰 XM Ultra-Low AccountMinimum deposit of $50, leverage from 1:1 to 1:1000, spreads from 0.6 pips, and zero commissions.
🏦 Shares AccountMinimum deposit of $10,000, no leverage and commissions charges as per the underlying exchange from $1 up to $9.

 

📜CFD Type⚖️Example Instrument📊Tight Spreads♒Average Spreads〰️Wide Spreads
💱ForexEUR/USD0.1 pips0.3 pips1.0 pips
🪙CommoditiesGold (XAU/USD)$0.20$0.50$2.00
➡️Equity IndicesUS 30 (Dow Jones)0.5 pts1.0 pts3.0 pts
📜StocksApple (AAPL.US)$0.01$0.02$0.05

 

XM Deposit and Withdrawal

XM.com offers the following payment methods for clients to fund their accounts: Credit cards, Bank Transfers, Payoneer, Neteller, and UnionPay. Deposits can be made in any currency and automatically converted into the currency selected as your base currency when opening the account.

All withdrawals are processed within 24 hours, and users of XM Card or any eWallet method will receive their money on the same day the request has been processed. Wire Transfer and credit or debit card users must wait 2-5 working days.

The minimum withdrawal amount is $5 / ZAR 90.00. Click the “Withdrawal” button on the My Account page to withdraw funds. After logging in to your account, click “Withdrawal” on the menu, select the withdrawal method similar to the deposit method, and enter the amount you wish to withdraw.

 

🔎 Accounts📉 Standard Account📊 XM Ultra Low Account📈 Shares Account
💵 Minimum Deposit (USD/$)$5/R90$5/R90$10 000/R180 135,60
💰 Deposit FeesNo FeeNo FeeNo Fee
📈 Withdrawal FeesNo FeeNo FeeNo Fee
🔎 Deposit MethodsCredit/Debit Card, Bank Wire, Skrill, Neteller, Perfect Money, FasaPay, WebMoney, UnionPayCredit/Debit Card, Bank Wire, Skrill, Neteller, Perfect Money, FasaPay, WebMoney, UnionPayCredit/Debit Card, Bank Wire, Skrill, Neteller, Perfect Money, FasaPay, WebMoney, UnionPay
👉 Open an Account👉 Open Account👉 Open Account👉 Open Account

 

XM Trading Platforms and Tools

A forex trading platform is, in essence, the software provided by XM Markets to its clients so they can carry out their trades.

A multi-asset trading platform allows clients to trade forex but other asset classes, including CFDs on stocks, stock indices, and precious metals.

The decision of which platform to choose will always depend on what a client wants to trade.

XM.com offers two families of trading platforms: The MT4 family of platforms and the MT5 family of platforms, including the XM WebTrader.

These platforms are available for Windows or Mac applications, browser-based (web-based) non-downloadable applications, and smartphone applications.

XM.com offers forex trading (currency trading) on all these platforms. After choosing the trading account that meets their needs during registration, clients can select the trading platform of their choice.

 

MT4

MT4

 

🔎 Platform🥇 MT5🥈 MT4
⌛ Timeframes219
⚙️ Tech. Indicators3830
📊 Analytical Objects4431
✅ Economic Calendar☑️ Yes❌ No
🚀 Platform Speed64 bit32 bit
💻 Order ExecutionMarket ExecutionMarket Execution
📈 Pending Order Types64
📌 Hedging☑️ Yes☑️ Yes
☑️ Strategy TesterMulti ThreadedSingle Thread

 

MT5

MT5

 

The XM MT5 offers all the features of MT4 and 300 additional stocks (shares) CFDs, making it the ideal multi-asset platform.

Traders can practice their skills by opening up to five demo accounts with XM.com.

The process requires the trader’s personal details, country of residence, phone and email, preferred language, and preferred trading account and trading platform details, as well as account base currency, leverage, and investment amount.

Registration for a live account is also easy and quick. Clients should complete the form using English alphabet characters, with their first name and surname displayed in their identity document.

They must also provide details regarding their country of residence, preferred language, phone and e-mail, and preferred trading account and platform details.

An existing XM.com Real Account holder can register an additional account through the Members Area with one click and no further validation.

 

Mobile Use of XM

Mobile Use of XM

 

MetaQuotes’ MetaTrader 4 and MetaTrader 5 are the popular trading platforms that XM adapts for both iOS and Android operating systems.

One of the things that stood out with the mobile platforms is the ease of use and navigation, traders can view their account statements, charts, and market data and trade directly from the application.

Orders can be placed, positions changed, and charts viewed, hence it is easy for traders who require mobility.

The mobile applications also contain adjustable parameters and alerts, as well as many other tools, which allow traders to be up-to-date and make correct decisions irrespective of the place they are.

The trading option provided by XM when it comes to mobile trading is mobile trading which has enhanced the trading method.

 

FeatureDescription
📱Platform CompatibilityAvailable on both iOS and Android for flexible access.
🧑‍💻User-Friendly InterfaceEasy-to-use layout for smooth navigation and quick access to features.
📈Full Trading FunctionalityAllows order placement, position management, and real-time market
⚙️Customizable SettingsOffers personalized settings for notifications and preferences.
📊Chart AnalysisOffers personalized settings for notifications and preferences.
⏱️Real-Time DataAccess to advanced charting tools for in-depth analysis on the go.
🔒Regulation & ReliabilityProvides live market updates and news for informed trading decisions.
🌍FlexibilityTrade anytime, anywhere,
with full mobile capabilities.

 

XM AI Integration

XM uses artificial intelligence tools to improve how its users trade. These AI-supported tools enable traders to receive automated data analysis plus personal trading suggestions and detailed market reports.

The system uses machine learning to examine big datasets of market information for traders to better understand trading opportunities.

XM’s AI system watches market shifts to update trading approaches instantly while maintaining a live environment for better trading responses.

The goal of this integration enhance XM’s efficiency in helping the broker stay ahead of competitors.

 

FeatureDescription
🤖Automated InsightsAvailable on both iOS and Android for flexible access.
👤Personalized RecommendationsEasy-to-use layout for smooth navigation and quick access to features.
🔍Market Trend AnalysisAI identifies trends and patterns for more informed decision-making.
⚙️Adaptive Strategy OptimizationReal-time strategy adjustments based on market conditions.
✅Efficiency & AccuracyAI improves trading performance by optimizing trade execution.
📊Advanced Data AnalysisReal-time strategy adjustments based on market conditions.

 

Sign-Up Bonus

XM offers a two-tier deposit bonus. The bonus is structured as a +100% and +20% bonus up to USD 500. The minimum deposit amount required to open an XM trading account is USD 5.

 

🔎 Broker🥇 XM
🎉 Deposit Bonus✅ Yes
1️⃣ Tier-1 Bonus %50%
🎁 Tier-1 Bonus AmountUp to $500 USD
2️⃣ Tier-2 Bonus %20%
🎁 Tier-2 Bonus AmountUp to $4500 USD
☑️ AvailableMT4 / MT5 Accounts
✋ Not AvailableUltra Low Account
💳 Withdrawable BonusNo
🚀 Open an Account👉 Open Account

 

Sign-Up Bonus

 

Rebate Program

The XM rebate program is designed to reward clients for their trading activity by offering them a portion of the spread or commission paid on their trades as cash back.

Under the XM rebate program, clients can receive up to 50% cash back on their trades, depending on their trading volume. The more a client trades, the higher the cash rebate percentage they can earn. The cash rebate is calculated daily and credited monthly to the client’s account.

To participate in the XM rebate program, clients must sign up for an XM trading account and join the XM Loyalty Program. Once enrolled in the program, clients can earn cash rebates on their trades and other loyalty rewards such as credit bonuses, free VPS services, and access to exclusive trading tools and resources.

It’s worth noting that rebate programs are not unique to XM and are offered by many other forex brokers. If you’re considering using a Forex rebate program to earn cash back on your trades, research the program’s terms and conditions to ensure that it’s a good fit for your trading needs and goals.

 

Compare Forex Brokers – XM vs. NAGA vs eToro

 

XM Comparison Chart

 

🔎 Broker🥉 XM.com🥇 NAGA🥈 eToro
📌 Established200920152007
📌 HeadquartersCyprus.UKCyprus.UKCyprus.UK
📌Minimum Deposit$5 USD / R 80 ZAR$250 /R 4000 ZAR$10 / R160 ZAR
📌 Demo accountYesYesYes
📌 Islamic accountYesYesYes
📌 Forex (Currency)YesYesYes
📌 PlatformsMT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, MacMT4, MT5, Desktop platform, Web platform, Tablet & Mobile appsWeb Trader, Tablet & Mobile apps
💻 Live Chat YesYesYes
📌 STP broker (STP)YesYesYes
📱 BitcoinNoYesNo
💰Risk WarningLosses can exceed depositsYour capital is at risk67% of retail investor accounts lose money when trading CFDs with this provider.
👉Open an Account👉 Open Account
👉 Open Account👉 Open Account

 

Customer Support

Customer Support

 

Potential traders need to make sure the broker company they choose will offer support and help whenever they need it. XM.com offers 24/5 live help from a professional Customer Support department. A comprehensive FAQ page provides guidance and answers at any time and within minutes.

If you can’t find answers on this FAQ page, contact XM.com via their email address or live chat.

 

Education and Research

Before starting to trade, potential clients of XM.com should seek all the information and trading skills needed to be successful in the world of forex and commodity trading.

If the XM.com website does not provide enough information, a trader should explore other informative websites and methods to obtain that knowledge.

Traders can enjoy live education on business days, Monday to Friday, from 05:00 to 15:00 GMT, in English, learn about the offered products and services, get questions answered by the hosts, and enter daily competitions to win exclusive prizes.

XM.com also offers educational videos specially designed to teach viewers everything they need to know about trading successfully.

The primary video series is free for everyone interested in online trading to view, while access to the intermediate video tutorials is only available for clients with a real account. Forex Webinars are offered in 19 Languages, seven days a week, by 42 webinar instructors.  A large selection of languages makes this video series available to a large number of traders across the globe, including African traders.

Platform tutorials provide users with more answers, and Forex seminars explain the foundations of technical analysis and how it is applied to intraday trading.

 

Min Deposit

USD 5

Regulators

FSC, CySEC, ASIC,

Trading Platform

MT4, MT5

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Forex Trading Guides

XM provides deep Forex guides for beginners and professionals.

They range from very basic explanations about Forex trading, like understanding currency pairs and market hours, to more advanced strategies involving risk management and technical analysis.

This educational content comes in several forms: articles, eBooks, and video tutorials that let traders learn at their own pace.

Furthermore, practical suggestions on the refinement of their strategies and hints from experts offered in XM forex trading guides will certainly help traders increase their overall skills.

Whether it be for the mere novice or further improvement, this guide will help you get all you need to know for mastering the Forex market.

 

Risk Management

XM is a forex and CFD broker that prioritizes risk management and has various risk management tools and features in place to help traders mitigate potential risks in their trading activities. Here are some of the risk management features that XM provides:

 

Negative balance protection:

XM offers negative balance protection, meaning clients’ accounts cannot go below zero, ensuring that traders do not lose more than their account balance. Read more about our XM review.

 

Stop Loss and Take Profit orders:

Stop-loss and Take-Profit orders are important risk management tools that allow traders to limit potential losses and lock in profits. XM allows clients to place Stop-Loss and Take-Profit orders on all of their trades.

 

Margin Call and Stop Out levels:

XM has predefined Margin Call and Stop-out levels to help protect traders from the risk of significant losses. If a client’s account equity falls below the Margin Call level, the client will receive a notification to deposit additional funds. If the account equity falls below the Stop-out level, some or all of the client’s positions will be automatically closed to prevent further losses.

 

Leverage and Margin:

XM offers flexible leverage options, ranging from 1:1 to 888:1, which allows clients to choose a level of leverage that suits their trading style and risk tolerance. XM also provides margin requirements that help ensure that clients have enough equity in their accounts to cover their open positions.

 

Education and Analysis:

XM provides various educational resources and market analysis tools to help traders make informed decisions and manage their risks effectively. This includes webinars, seminars, trading guides, market news, and economic calendars.

 

Overall, XM’s risk management tools and features are designed to help clients minimize potential losses and protect their trading capital. However, traders should also understand and practice good risk management strategies, such as diversification and proper position sizing, to mitigate potential risks further.

 

Pros and Cons

✅ Pros❌ Cons
Licensed and Regulated (ASIC, Cyprus Securities and Exchange Commission & IFSC)No banking licenseNo banking licence
Tight spreads availableIncreased spreads on the Micro and Standard accounts
55+ Currency pairs to trade withNo 24/7 Customer support

 

Best Countries by Traders

🌎 Country of Trade📌 % of Traders
🥇 Thailand32.45%
🥈 South Africa10.96%
🥉 Columbia9.27%
🥉 Egypt5.45%
🥉 Philippines5.14%
🥉 Others36.73%

 

Customer Reviews

 

🥇 Good Experience.

I have had a good experience with this broker thus far.
No problem with withdrawals or deposits as they let you withdraw back to the bank account you used to deposit with. In addition, they offer the best and the fastest customer support.

 

🥈 Best Broker (Bonuses, Withdraws, Costs and Support)

XM is a good broker in terms of withdrawals, customer support, and bonuses. However, they could improve on their spreads, otherwise everything else is fantastic.

 

🥉 Good for Starters

One of the best brokers to start your forex journey. I think most newbies have tried this broker due to their heavy marketing. So far they have honored all my profit withdrawals without any problems. Customer support is very good and the platform is good too.

 

XM User Review Chart

 

Based on internet reviews, here’s a possible score for XM broker out of 10 for each criterion, weighted by importance (weighting is a suggestion):

  • Commissions and Fees (25%): 6/10. XM has competitive fees with its Ultra Low account but higher fees with Standard & Micro Accounts. Spreads can also be higher than some competitors.
  • Platforms and Tools (20%): 7/10. XM offers reliable MetaTrader 4 and 5 platforms but lacks a proprietary platform and some features like Touch ID login on mobile.
  • Research (15%): 6/10. XM offers some research tools, but they may not be as extensive as those of some other brokers.
  • Trust Score (20%): 8/10. Most reviewers consider XM to be a well-regulated and safe broker.
  • Offering of Investments (10%): 7/10. XM offers a good variety of forex and CFDs but may be limited compared to some brokers, especially for stocks.
  • Mobile Trading (10%): 6/10. XM offers mobile trading through MetaTrader 4, but it may not be as user-friendly as some proprietary apps.

 

Conclusion

Overall, according to the XM Review, it is considered a safe, trustworthy broker with average risk with spreads as low as 0.6 pips, leverage ranging from 1:100, and a trust score of 84 out of 99. XM Group doesn’t operate a bank and is not publicly traded but is authorized by two tier-1 regulators (high trust)

XM.com can be summarily described as a worthwhile company for potential traders, retail traders, experienced traders, or professional traders,  knowing that they approach your needs with openness to cultural, national, ethnic, and religious diversity.

Their advanced trading platforms and flexible trading conditions suit a diverse global clientele. Their expertise is due to extensive experience and knowledge of the global financial markets.

 

🔎 Feature🥇 AvaTrade🥈 XM
💴 Withdrawal Fee$0 (may vary by method)$0 (may vary by method)
💶 Inactivity FeeYes (after 6 months)Yes (after 12 months)
📈 EUR/USD spread0.9 pips (typical)0.6 pips (typical)
📉 GBP/USD spread1.0 pips (typical)0.8 pips (typical)
📊 JPY/USD spread1.2 pips (typical)1.0 pips (typical)
💹 AUD/USD spread1.0 pips (typical)0.8 pips (typical)
📈 EUR/GBP spreadNot AvailableNot Available
🪙 Crypto SpreadVaries by CryptoVaries by Crypto
💵 Minimum Deposit$100$50
📌 Currency Pairs (#)3576
📍 Stock Index CFDs (#)9822626
⏩ Stock CFDs (#)9821236
▶️ ETF CFDs (#)N/AN/A
🍎 Offered Commodity CFDs (#)24152
↪️ Bond CFDs (#)N/AN/A
⭐ Cryptos (#)N/A (varies by regulation)N/A (varies by regulation)
🚀Open an Account👉 Click Here👉 Click Here

 

Disclaimer

 XM.com warns all potential customers that Forex and CFDs trading always carries a high level of risk and may not be suitable for all investors.

Before deciding to trade the products offered by XM.com, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and experience level before investing money they cannot afford to lose.

XM.com warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable. According to research in South Africa, XM.com cannot guarantee a maximum loss that a trader may suffer.

CFDs are complex instruments with a high risk of losing money rapidly due to leverage. 71.61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing money.

 

You might also like: XM Account Types

You might also like: XM Demo Account

You might also like: XM Fees and Spreads

You might also like: XM Minimum Deposit

You might also like: XM Sign-up Bonus

 

Frequently Asked Questions

 

Can I open an XM account if I am a South African resident?

Yes, XM is available to SA traders.

 

What is the cost of trading with XM.com?

The cost of trading with XM.com is a minimum deposit requirement of only $5 / ZAR 90 at the current exchange rate at the time of writing.

 

What deposit methods are available for South African clients?

XM offers a variety of deposit methods, including credit/debit cards, bank wire transfers, and e-wallets.

 

Can I withdraw funds to my South African bank account?

Yes, South Africans can withdraw money from their SA bank account.

 

Does XM.com have Volatility 75 trading?

No. XM.com does not have Volatility 75 trading.

 

Does XM.com have Nasdaq?

Yes, Nasdaq is offered as cash and futures CFDs.

 

Is XM.com a scam or fake?

XM.com cannot be regarded as a scam or fake as it is regulated by several top-tier financial authorities ASIC, FCA, and CySEC. Trust Score is 84/99.

 

Is XM.com safe and secure?

Yes, XM.com is 100 % safe and secure.

 

References

 

Trading Point Of Financial Instruments Ltd. XM.com

XM ZA (PTY) LTD. XM.com

XM.com MetaTrader 4.

MetaTrader4.com

 

Trusted industry leading broker

October 30, 2024

XM is a well established, comprehensive trading platform with great support and a wide range of trading tools for beginners and experienced traders. They come highly recommended

Mark L

Response from SA Shares

Thank you for sharing your experience.

XM is amazing

October 11, 2024

Wow great trading platform. Recommend to all friends and family.

Byron

Response from SA Shares

Your feedback means a lot to us, thank you!

Great Broker

October 11, 2024

XM is on top of their game. They have great features and help me make informed decisions.

Hercu

Response from SA Shares

We truly appreciate your review and support.

Well deserved

August 20, 2024

XM is at the top of almost all lists of reliable and recommended brokers… and this status is well deserved.

I like how they revolutionised trading with such low trading costs.

Amparo

Response from SA Shares

XM’s platform is fantastic, and we cannot agree more with your review. Thank you for taking the time to review their platform.

The alternatives.

August 5, 2024

XM provides alternatives to their accounts and I think that is a winner. But I do not get the split between them, because some just seem a lot more advantageous than others.

Kanok Tomson

Response from SA Shares

Thank you so much for taking the time to review XM.


4.5/5 - (37 votes)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

January 20, 2025

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

Accordion Content

🏆 Top 4 Brokers

Account Minimum

$100

Pairs Offered

55+

Account Minimum

$1

Pairs Offered

240+

Account Minimum

$100

Pairs Offered

70+

Account Minimum

$0

Pairs Offered

50+

AvaTrade-Logo

Account Minimum

$15

Exclusive to SAShares Clients

Account Minimum

$1

Account Minimum

$100

Account Minimum

$0