| Quick XM Review Summary | |
| Founded | 2009 |
| Registered | Belize |
| Regulation | ASIC, CySEC, DFSA, FSC (Offshore) |
| Market instruments | 1,400+, forex, commodities, precious metals, shares, Turbo stocks, equity indices, energies, thematic indices |
| Demo Account | ✅(30 days) |
| Account Type | Standard, Ultra Low, Shares |
| Min Deposit | $5 |
| Max leverage | 1:1000 |
| Spread | From 0.8 pips |
| Trading Platform | MT4/5, XM App |
| Copy Trading | ✅ |
| Payment Methods | Credit/debit cards, bank transfers, e-wallets |
| Customer Support | Live chat |
| Tel: +501 2236696, +501 2279421 | |
| Regional Restrictions | The United States of America, Canada, Argentina, Israel and the Islamic Republic of Iran |
| Bonus | 20% deposit bonus up to $2,000 |
Pros and Cons
Pros:
- 1,400+ financial instruments to choose from
- Popular platforms – MT4 and MT5
- Demo account available to practice
- Rich educational resources such as market analysis, economic calendars and courses
- Live chat support
Cons:
- The $10,000 minimum deposit for the Shares account may be prohibitive for some traders
- Commissions are applied to the Shares account
- Clients from the United States of America, Canada, Argentina, Israel and the Islamic Republic of Iran are not allowed
Market Instruments
XM offers its traders a wide variety of over 1,400 financial instruments, including forex, commodities, precious metals, shares, Turbo stocks, equity indices, energies, and emetic indices.
| Asset Class | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Precious metals | ✔ |
| Shares | ✔ |
| Turbo stocks | ✔ |
| Equity indices | ✔ |
| Energies | ✔ |
| Thematic indices | ✔ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Trading Accounts
XM offers four types of trading accounts targeting different investment levels. The Standard and Ultra Low accounts have only $5 minimum deposit and no commissions are charged. The Shares account has a minimum deposit of $10,000 and a commission is charged. No leverage is offered on the Shares account, which means investors must invest the full amount of their trade. In general, XM offers account options for different investment levels.
Trading Platform
XM offers its clients a flexible selection of trading platforms, including the popular MT4 platform and its successor, MT5.In addition, the company has also developed its own custom trading platform – XM App for those looking for something different.
All platforms offer a wide variety of technical indicators, analysis tools and customization possibilities. Beginners may also find the MT4 and MT5 learning curve steep, although the customization possibilities and variety of analysis tools may make it worth the effort.
XM also offers a series of instructional videos, such as this one from its YouTube channel, on how to open an account using MT4.
Copy Trading
XM also offers popular copy trading solutions. This solution is particularly beneficial for beginners and less experienced traders who seek to leverage the expertise of successful investors. Through this platform, users can replicate the trades of seasoned professionals, benefiting from their market insights and strategies.
Conclusion
Overall, XM is a well-regulated and secure company that offers a wide range of financial instruments and a good variety of accounts. Its focus on customer education and multilingual support is also a big plus. Disadvantages include floating spreads that can be higher than the competition and clients from the United States of America, Canada, Argentina, Israel and the Islamic Republic of Iran are not accepted.
