Company information

The XM Group (XM) is a regulated internet broker group. The Cyprus Securities and Exchange Commission (CySec 120/10) regulates the Financial Instruments Trading Point, which was founded in 2009.

The Australian Securities and Investments Commission regulates Trading Point of Financial Instruments Pty Ltd, which was founded in 2015. (ASIC 443670).

The International Financial Services Commission (000261/158) regulates XM Global, which was founded in 2017.

The Dubai Financial Services Authority regulates Trading Point MENA Limited, which was founded in 2019. (F003484).

The platform has over 1.5 million users and traders from 196 different countries. XM’s philosophy is to be big, honest, and human. The firm takes pleasure in providing great customer service and treating each client as an individual, regardless of their investment objectives.

XM’s trading platform

Both actual and demo accounts are supported by the firm’s two trading platforms. Stop, limit, market, and trail orders are all supported by the award-winning MetaTrader 4 Forex trading platform.

MetaTrader 5 is a multi-asset trading platform that allows you to trade equities, stock indexes, and precious metals. Both platforms are compatible with Apple and Android devices, allowing for a seamless mobile trading experience.

Additional optional features in the trading section include an economic calendar and trade volume information.

Assets/Markets

On the MT4 and MT5 platforms, this broker offers over 1,000 financial instruments, including Forex, Stock CFDs, Commodity CFDs, Equity Indices CFDs, Precious Metals CFDs, and Energy CFDs.

Over 55 currency pairs are available for trading, including the major currencies like USD, GBP, EUR, and JPY.

Binary options and cryptocurrencies are not offered by the company.

Spreads and Commissions

The spreads differ depending on the account type. A Micro account, a regular account, and a Zero account are all available. The minimum spread for all accounts is 0.1 pips, with an average spread of 0.1 pips for prominent pairs like EUR/USD.

The broker adheres to a strict policy of “no hidden fees or commissions.” As a result, the commission is only available to XM Zero accounts. All transfer fees are covered by XM, and same-day withdrawals are guaranteed.

Leverage

Leverage can range from 2:1 to 30:1, depending on the instrument. This is customizable, and XM allows clients to choose their own leverage risk. Margin needs do not change during the week and do not increase on weekends or overnight.

Clients who are registered with an EU-regulated group entity benefit from this leverage.

Mobile Apps

XM is compatible with a variety of Android and Apple devices, including the iPhone, iPad, and Android tablets and phones. Logging in is straightforward and can be accomplished with a fingerprint. Their apps are available on the Apple App Store and the Google Play Store.

Both are completely functional and enable you to track and trade while on the move. One-click trading is available on PC and Mac desktop platforms.

Payment Methods

Users must supply a color copy of an official identification document, such as a passport or driver’s license, as per standard KYC rules. They must also produce proof of address in the form of a recent utility bill dated within the last three months.

The minimum deposit amount for Micro, Standard, and Zero accounts is $5 once you’ve registered.

Most major credit cards, electronic payment methods, wire transfers, local bank transfers, and other means can be used to make deposits.

Deposits can be made in any currency, and they’ll be instantly converted to the base currency you chose when you set up your account.

All withdrawals are handled within 24 hours, and there is no fee for using your e-wallet to make a withdrawal.

Demo account

The broker’s demo account offer stands out. Users can create a sample account with just a few details and then trade with a $100,000 virtual balance. The XM demo account is unusual in that it provides identical replicas of real-money trading circumstances.

A demo account can be used for as long as you want.

Promotions and bonuses

A free VPS (Virtual Private Server) solution is also available to assist you in boosting your trading speed. This VPS can be accessed from anywhere and is available at all times. They claim to reduce downtime and are available all over the world.

On the XM VPS website, you may learn more about who can obtain an XM VPS. Withdrawals and deposits are also free of commissions and fees.

XM conforms to the ESMA bonus prohibition as an EU-regulated brand, thus the $30 deposit incentive is no longer available to EU traders.

Additional features

The abundance of training and education materials available on the XM platform is one of the main advantages. The portal delivers webinars for both novices and seasoned professionals regularly.

At its foundation, the platform is social, enabling users to learn from their instructors. Research and technical analysis were also released by the company.

Various XM accounts

Micro, Standard, and Zero are the four types of trading accounts available. Each client can have up to 200 open/pending positions in their account.

Micro Accounts (Micro Accounts): Micro Accounts can be opened with a $5 minimum deposit and can use US Dollars, Euros, Pounds Sterling, Swiss Francs, Australian Dollars, Yen, HUF, and Zloty as base currencies. One micro-lot is made up of 1000 units of the basic currency.

XM Ultra-Low accounts can use EUR, USD, GBP, AUD, ZAR, and SGD as base currencies, and traders must deposit a minimum of $5. One Standard Ultra lot is equal to 100,000 units of the chosen base currency, whereas one Micro Ultra lot is equal to 1,000 units. Not all group organizations are eligible for XM Ultra-Low accounts.

Standard accounts can be funded with as little as $5 and can use US Dollars, Euros, Pounds Sterling, Swiss Francs, Australian Dollars, Yen, HUF, and Zloty as base currencies. A normal lot is 100,000 units of the base currency chosen.

Zero Accounts: Zero accounts can use US dollars, yen, or euros as their base currency, with a $5.00 minimum deposit required by traders. Much like the standard account, 1 standard lot is equal to 100,000 units of the selected base currency. All XM Group organizations are not eligible for zero accounts.