XM
XM Broker Service Review, one of the Largest MT4 and MT5 Forex broker with international services.
Recommended Contents
XM Current Promotions
The following is a list of promotions currently offered by XM.
XM Current Trading Contests
The following is a list of contests currently offered by XM.
XM - What's now?
XM has updated the maximum leverage to 1:1000 in June 2022.
Leverage 1:1000 does not apply to client registered under the EU regulated entity of the Group. The maximum leverage for Trading Point of Financial Instruments is 30:1.
Who is XM?
XM is an online Forex and CFD brokerage firm founded in 2009, licensed by multiple regulatory authorities all over the world.
With XM, you can invest in over 1000 financial markets including Forex CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs and Energies CFDs.
XM is known as one of the largest MT4 broker in the world, according to Metaquotes (the developer of the platform).
To start investing with XM, register online from the page below.
If you already have an account with XM, visit the page here and login to the members area.
XM Company Information
XM Office Entrance
The Bull at the top of XM’s Office Building
XM is a fair and reputable online broker.
XM Group is a group of regulated online brokers.
Trading Point of Financial Instruments Ltd was established in 2009 and is regulated by the Cyprus Securities and Exchange Commission (CySEC 120/10), Trading Point of Financial Instruments Pty Ltd was established in 2015 and is regulated by the Australian Securities and Investments Commission (ASIC 443670) and XM Global Limited was established in 2017 and is regulated by the International Financial Services Commission (000261/106).
Traders’ funds are deposited into segregated bank accounts, and traders registered under Trading Point of Financial Instruments Ltd. are also protected by compensation fund set by the regulatory authorities.
XM sets high standards to its services, and over 2.5 million traders from over 196 countries have chosen XM to invest online.
For inquiries, XM’s support is available for 24/5 and more than 30 languages are supported.
XM’s Trading Account Types
With XM, you can invest in over 1000 financial instruments including Forex, CFDs on Stock Indices, Commodities, Stocks, Metals and Energies.
XM’s MT4 (MetaTrader4) and MT5 (MetaTrader5) trading platforms are compatible for any devices and anywhere.
The available maximum leverage is 1:1000.
NBP (Negative Balance Protection) is supported for all account types, thus traders do not lose more than they have in their accounts.
There are mainly 5 different account types with different conditions.
| Account Name | Micro | Standard | XM Ultra Low Micro | XM Ultra Low Standard | XM Zero |
|---|---|---|---|---|---|
| Maximum Leverage | 1000:1 | 1000:1 | 1000:1 | 1000:1 | 30:1 |
| Minimum Deposit | $5 | $5 | $50 | $50 | $100 |
| Minimum Trading Cost | 1 pip | 1 pip | 0.6 pip | 0.6 pip | 0 pip ($3.5/per Lot) |
Below we will look into more details of each account type and features.
1. XM Micro Account
XM’s Micro account is suited for traders who want to trade with small trading volume.
XM’s standard lot size is 100,000 units (dollars).
In case of Micro account, the lot size is 1,000 units (dollars).
The minimum trading volume is 0.01 lots for MT4 Micro account and 0.1 lots for MT5 Micro account.
This means that you can trade from 10 units (dollars) of actual trading volume on XM MT4 Micro account.
XM Micro account provides up to 1:1000 leverage, thus the required margin can be much smaller when you trade small amounts.
XM Micro (both MT4 and MT5) account requires only 5 USD (or equivalent amount in other currencies) for account opening.
2. XM Standard Account
XM Standard account type has the very basic trading condition among all account types.
The maximum leverage is 1:1000 and NBP (Negative Balance Protection) is supported.
The minimum spread is 1.0 pip for Forex currency pairs.
The lot size is 100,000 units (dollars).
The available trading volume is from 0.01 lots to 50 lots.
On XM Standard account, you can have up to 50 positions at the same time.
With XM’s Standard account type, you can participate in all types of promotions run by XM including No Deposit Bonus, Deposit Bonus and the Loyalty Program.
XM Standard account is suited for traders who want to experience the basic but still superior trading conditions with XM.
You can start trading on XM Standard account type from 5 USD of minimum deposit amount. (or equivalent amount in other currencies)
3. XM Zero Account
XM Zero account literally providers traders with 0.0 pips spread on Forex currency pairs.
XM Zero account type is suited for traders with Scalping strategy, EA (Expert Advisers) users and any other traders who require tighter spread to perform their trading strategies.
Although the 0.0 pips spread on XM Zero account, the account type charges $3.5 per lot trading commission.
The required minimum deposit amount for XM Zero account is 100 USD (or equivalent amount in other currencies) which is a little higher than other account types.
4. XM Ultra Low Spread Account
XM Ultra Low Spread account is the most latest account type, first introduced in 2019.
XM Ultra Low Spread account offers spread as low as 0.6 pips on Forex currency pairs.
The spread is not as tight as the XM Zero account type, but XM Ultra Low Spread account does not charge any trading commissions.
XM Ultra Low Spread account requires only 50 USD (or equivalent amount in other currencies) as the minimum deposit requirement.
Unlike the XM Zero account type, you can also receive XM’s $30 No Deposit Bonus on XM Ultra Low Spread account.
Open XM Ultra Low Spread Account
XM Ultra Low Spread account – Differences of Micro and Standard account types
Within XM Ultra Low Spread account type, you can also choose from “Micro” and “Standard” types.
The differences of XM Ultra Low Spread account’s Micro and Standard account types are the lot size and the available trading volume.
Please refer to the below table for the differences of XM Ultra Low Spread account’s Micro and Standard account types.
| Account Types | Standard Ultra | Micro Ultra |
|---|---|---|
| Lot Size | 1 Lot = 100,000 units | 1 Lot = 1,000 units |
| Minimum Trading Volume | 0.01 Lots | 0.1 Lots |
| Maximum Trading Volume | 50 lots | 100 lots |
You can also open both XM Ultra Low Spread account’s Micro and Standard account types, and get the benefit from both trading conditions.
Open XM Ultra Low Spread Account
5. XM Shares Account
XM’s Shares account type is an account type dedicated for Stock (Share) traders.
The account is different from other account types, as you can only trade Stocks (Shares) in this account type.
The financial instruments offered on XM’s Shares account is not CFD product, but actual stocks (shares).
On XM’s Shares account, you can invest in over 100 international stocks (shares) from USA, UK and Germany.
On XM’s shares account, no leverage is available.
The trading cost of each Stock (share) is different for each symbol.
XM’s Shares account requires 10,000 USD as the minimum deposit amount. (no other currency is available)
XM Shares account type may not available for traders in certain jurisdictions.
What you can invest in with XM?
With XM, you can invest in over 1000 financial instruments (symbols) from variety of markets.
By opening an account with XM, you can invest in Forex (FX), Stocks, Stock CFDs, Commodities, Equity Indices, Precious Metals and Energies.
The available financial markets depend on the account type you open.
You can also open multiple trading accounts with XM, and invest in various financial markets at the same time.
1. Forex Currency Pairs
Forex (FX) is the most popular trading product available on XM MT4 and MT5.
Forex currency pairs are available on all account types (except Shares account) and all trading platforms.
With XM, you can invest in over 55 Forex currency pairs for 24 hours a day and 5 days a week.
XM provides its traders with tight spreads and no re-quotes.
You can also benefit from the high leverage 1:1000, thus the required margin for trading very small.
By using XM’s Micro account, you can trade with extremely small amount of margin and minimize the risk exposure.
The trading cost and other conditions of Forex currency pairs are different depending on the jurisdiction and account type you use.
For more information, please visit XM Official Website.
2. Stocks (Shares)
Along with a variety of CFD products, XM also provides you actual Stock (Share) trading online on “Shares Account”.
In the Shares account type, you can invest in over 100 stocks (shares) from USA, UK and Germany.
The stocks offered in Shares Account isn’t CFDs (Contract for Differences).
On Shares account, you can only invest in Stocks.
To start using the account, you must deposit at least 10,000 USD as there is no leverage available for the Shares account.
There are dividends adjustments and corporate events which affect trading conditions of the Stocks (Shares) of XM.
You can stay updated of the upcoming events in XM Official Website.
3. Stock CFDs
Stock CFDs are available for all traders of XM on all account types, except Shares account type.
Stock CFDs is a cost-effective way to directly access to the global equity markets.
With XM, you can invest in over 1100 stocks (shares) in a form of CFDs.
The Stock CFDs is different from the “Stocks” which you can trade in the “Shares Account” of XM.
Please refer to the below table for the differences of “Stock CFDs” and “Stocks”.
| Stocks (Shares) | Stock CFDs | |
|---|---|---|
| Available Account Types | Shares Account only | All Accounts except Shares Account |
| Financial Instrument | Actual Stocks | Stocks in a form of CFD |
| Number of Symbols | More than 100 | More than 1100 |
| Countries of the Stocks | USA, UK and Germany | USA, UK, France, Germany, Netherlands, Spain, Italy, Greece, Portugal, Sweden, Finland, Norway, Austria, Switzerland, Belgium, Russia, Australia |
| Speculation on market downtrends | Not available | Available |
| Fees | Commission apply per transaction | No extra fees apply |
You can also open multiple trading accounts to try both Stock CFDs and Stock trading on Shares account.
4. Commodities
XM allows you to invest in Commodities without actually owning the financial instrument.
XM’s Commodities are offered in a form of CFD, thus you can profit from both raising and falling prices.
The list of available Commodity CFDs with XM are as follows.
| XM MT4 and MT5 Symbols | Financial Instruments |
|---|---|
| COCOA | US Cocoa |
| COFFE | US Coffee |
| CORN | US Corn |
| COTTO | US Cotton |
| HGCOP | High Grade Copper |
| SBEAN | US Soybeans |
| SUGAR | US Sugar |
| WHEAT | US Wheat |
Soft commodities above play an important role for portfolio diversification and risk management.
Commodity CFDs are available on all account types of XM, except Shares account.
5. Equity Indices
XM’s Equity Indices let you access to the global equity markets directly.
On all account types of XM (except Shares account), you can invest in both Cash Indices CFDs and Future Indices CFDs with XM.
Equity Indices are financial instruments suited for traders who speculate on world’s economy on international level.
With XM, you can benefit from up to 1:20 leverage with NBP (Negative Balance Protection).
For all Equity Indices, XM charges no extra trading commissions, but the trading cost is only the spread (the differences of bid and ask prices).
Invest in Equity Indices with XM
6. Precious Metals (Gold, Silver, Palladium and Platinum)
Precious Metals are the second most popular financial markets among online investors, following Forex pairs.
With XM, you can invest in Gold, Silver, Palladium and Platinum on all account types (except Shares account).
XM’s Gold, Silver, Palladium and Platinum are offered in a form of CFD, thus you can speculate on both rising and falling prices.
The Gold and Silver are highly liquidated market.
The available maximum leverage is 1:20 for Gold and 1:10 for Silver.
With XM, you can invest in Gold, Silver, Palladium and Platinum with no extra commission, along with other financial markets such as Forex, Commodities, Equity Indices and Stocks.
Invest in Precious Metals with XM
7. Energies (Oil and Gas)
On XM’s all account types (except Share account type), you can invest in Energy CFDs.
The XM’s energy market offers the following financial instruments.
| XM MT4 and MT5 Symbols | Financial Instruments |
|---|---|
| BRENT | Brent Crude Oil |
| GSOIL | London Gas Oil |
| NGAS | Natural Gas |
| OIL | WTI Oil |
| OILMn | WTI Oil Mini |
As they are all offered in a form of CFD, you can make profit from both rising and falling prices, as you can buy or sell as you want.
Energy market’s Oils and Gas are popular due to their high market price volatility, as the most traded commodities in the world..
The margin requirement for Energy CFDs is as low as 5 USD.
XM MT4 – MetaTrader4 Trading Platforms
Based on the MetaTrader4 software and presenting a series of user-friendly features, XM MT4 is the most popular platform among traders.
Developed by MetaQuotes Software Corp., MetaTrader4 allows enhanced trading flexibility in forex, CFDs, and futures.
Available for free and unlimited use at XM in the form of XM MT4, MetaTrader4 is an efficient platform for active traders due to its complete trading functionality.
XM MT4 excels at a wide range of functions that can maximize trading efficiency.
It provides all resources and necessary tools to analyze price movements, perform trading transactions, and even apply fully automated trading through its integrated MQL4 language.
By programming expert advisors (EAs), for instance, you can practically automate any trading strategy, and let them perform real-time automated trading for you.
They inform you about possible trades, open trades according to your current trading account balance, manage your balance, and perform trades according to how you program them.
Another big advantage of expert advisors are trading operations based on pre-defined conditions, and the fact that you can enable or disable them at anytime.
Over 30 built-in technical indicators help you analyze price quotes on various trading instruments, but it is also possible to add your own custom indicators.
Indicators, combined with analytical tools contribute largely to identifying patterns in price dynamics, identify market trends, or determine entry and exit points.
1. XM MT4 for Windows
XM MT4 for Windows is the most basic platform and provides you with all available trading tools and options by MetaQuotes.
XM focuses on order execution quality on MT4, while enabling all available features so traders can get the maximum benefit from the platform.
By using single XM MT4 Windows platform, you can invest in over 1000 financial instruments from many different markets.
By downloading XM MT4, you can also benefit from the following features.
- One Click Trading
Place orders with one click so you won’t miss our trading opportunities. - Full EA (Expert Advisor) Functionality
You can run any EAs on XM MT4 as there is no restrictions on XM MT4. - Hedging allowed
XM allows you to manage risks by hedging positions on MT4. - VPS Functionality
XM provides Free VPS (Virtual Private Server) to traders in need.
To download the latest version of XM MT4 for Windows PC, please visit XM Official Website.
To start using XM MT4, please follow the steps below.
- Download the XM MT4 terminal from the XM Official Website
Make sure you download one from XM’s official website, to avoid any errors afterwards. - Run the downloaded file for installation
- Enter your real or demo account login data
The login credentials of your MT4 and MT5 accounts can be found in the email you received from XM.
If you haven’t opened an account with XM yet, please go to the account opening page.
2. XM MT4 for MAC
Not only Windows, but XM also provides the MT4 trading platform for MAC OS.
With XM, you can experience the same platform functionality on MAC computer.
There is no need for Boot Camp or Parallels Desktop to run the MT4 platform on MAC.
By installing XM MT4 for MAC version, you will have the exact same functionality as the Windows MT4, such as one click trading feature, EA availability, custom indicators.
Just like XM MT4 Windows, XM MT4 MAC processes orders with no re-quotes and no rejections.
To install XM’s MT4 MAC, please follow the instructions below.
- Download the MT4 Terminal
Visit XM Official Website and click on the download button. “.dmg file” will be downloaded to your MAC computer. - Open the downloaded file for MT4 MAC installation
- Drag the XM app to your Applications Folder
- Right click the XM Mac MT4 Application and select “Open”
After launching the MT4 MAC, you will be asked to type in the login credentials of your account.
3. XM MT4 WebTrader
MT4 (MetaTrader4) terminal itself can be a heavy software.
If you don’t want to install XM MT4 in your computer, then you can access to “XM MT4 WebTrader” which requires no download to use.
XM MT4 WebTrader is based on its compatibility with MetaTrader4.
To access to XM MT4 WebTrader, you just need to go to the “XM MT4 WebTrader page” from XM Official Website.
Although XM MT4 WebTrader lacks some features comparing to the downloaded ones, the main features such as one-click operations, stops and limits and charting are fully available for free.
To use XM MT4 WebTrader, you only need the login credentials of your XM’s trading account.
4. XM MT4 for iPad and iPhone
If you use iOS devices such as iPad and iPhone, then you can install XM MT4 app for iPad and iPhone.
XM MT4 app is available in the App Store for free, giving all XM traders ability to trade anytime and anywhere.
XM MT4’s iOS app is 100% native application of iPad and iPhone, and has full MT4 account functionality.
Follow the steps below to start trading on your iPad or iPhone, with XM.
- Open App Store on your iPhone or iPad, enter the term “metatrader 4” in the search field and download the MT4 app.
- Then you may login with existing account or open a demo account.
- Enter XM in the search field and click the “XM.COM-Demo” or “XM.COM-Real” if you already have an account.
- Enter your login and password and start trading on your iPhone or iPad.
Get XM MT4 App for iPad and iPhone
5. XM MT4 for Android and Android Tablet
If you are an Android user, then you can use XM MT4’s Android app to trade anytime and anywhere through your mobile devices.
XM’s MT4 Android app is available for all devices with Android OS, including both smart phones and tablet.
XM MT4 for Android is 100% native application of Android, and offers full functionality of MT4 platform.
XM MT4’s Android app is available for free, and suited for any types of traders who want to keep track of their accounts casually through mobile devices.
To download XM MT4’s Android app and start trading on Android devices, follow the instructions below.
- Open Google Play on your Android device and enter “metatrader 4” in the search field.
- Click the Metatrader 4 icon to install the software to your Android device.
- Open the app and enter XM in the search field.
- Click the “XM.COM-Demo” (in case your account is demo) icon or “XM.COM-Real” (in case your account is real/live) icon.
- Enter your login ID and password and start trading on your Android.
6. XM MT4 Multiterminal
XM MT4 Multiterminal is suited for traders who want to manage multiple trading accounts at the same time.
By using one Master login credential, you can access to XM MT4 Multiterminal and manage up to 128 trading accounts.
By using XM MT4 Multiterminal, you do not need to install multiple trading platforms or login and logout every time you need to manage different trading accounts.
You can open multiple trading accounts of various account types.
Why you would open multiple trading accounts? To diversify your portfolio / strategies, manage risks and to benefit from features of different account types.
Manage your trading accounts of XM faster and better with XM MT4 Multiterminal.
Secure and Fast Order Execution with XM
On XM MT4 and MT5, 99.35% of all trading orders are executed in less than one second.
For all traders, XM ensures the following conditions:
- No re-quotes
- No order rejections
- No Virtual Dealer plug-in
XM allows all kinds of trading strategies including scalping, hedging and use of EA robots (Expert Adviser).
You can start trading with the above conditions from 5 USD of minimum deposit.
XM offers variety of deposit and withdrawal methods including bank wire transfer, online wallets and credit/debit cards.
Open a Trading Account with XM
XM MT5 – MetaTrader5 Trading Platforms
Not only the most popular trading platform MT4 (MetaTrader4), XM also provides its traders with the advanced trading platform MT5 (MetaTrader5).
MT5 is a updated version of MetaTrader developed by the MetaQuotes.
MT5 provides all the pioneering features (tools, charts, indicators and other options) of MT4 while expanding possibilities in terms of numbers by getting rid of many limitations which MT4 has.
XM MT5 supports all order types just like XM MT4, including market, pending, stop orders and trailing stop.
On XM MT5, you can display up to 100 price charts simultaneously and invest in over 1000 financial instruments.
XM MT5 is supported for all types of devices such as Android, iOS, Windows, Mac and Linux.
You can also access to XM MT5 Web-trader from XM Official Website which requires no installation of the platform.
The built-in MQL5 development environment is also much superior to MQL4 on MT4.
See the differences of MT4 and MT5 platforms
XM MT5 for PC
To use XM MT5’s all available features, you are recommended to use XM MT5 for windows PC which is the very basic one among others.
XM MT5 is available for free, and you can download it from XM Official Website
To download XM MT5 for Windows, follow the steps below.
- Download XM MT5 from XM Official Website
“.exe file” will be in your computer. The download link can be found in the official website. - Run the “.exe file” for XM MT5 installation
When launching the XM MT5 for the first time, you will be asked to open a demo account or login with existing account. IF you don’t have a XM MT5 account yet, go to the account opening page. - Login and start trading
Once you correctly login to XM MT5, you will see the funds and available financial markets in the terminal.
XM MT5 for Mac
For MAC PC users, XM also provides MT5 for MAC version.
XM MT5 for MAC is available for free from the Official Website, and requires no special programs such as Boot Camp software or parallels desktop.
As XM MT5 for MAC is fully compatible with MAC computers, you can benefit from all the features of XM MT5 on MAC just like the XM MT5 for Windows.
All trading order types are supported including one click trading and hedging, and you can also run your EAs (Expert Advisers) with any interference.
On XM MT5 for MAC, you can invest in over 1000 financial instruments of Stock CFDs, Stock Indices CFDs, Forex, CFDs on Precious Metals and CFDs on Energies, with 100% MAC native application.
To install XM MT5 for MAC computer, please follow the steps below.
- Download XM MT5 for MAC from XM Official Website
The download link can be found in the official website of XM. “.dmg file” will be downloaded to your MAC computer. - Launch the “.dmg file” you downloaded
Then, you need to drag the XM app to your Applications folder. - Right click the XM Mac MT5 application and select “Open”
Once you launch the XM MT5 MAC, you will be asked to type in the login credentials of a MT5 account.
Note that you cannot use MT4 login credentials to use XM MT5 platforms.
If you don’t have a XM MT5 account yet, please open one from below.
XM MT5 WebTrader
XM MT5 Web-Trader is provided, so you can trade and benefit from the advanced features of MT5 without downloading the platform.
MetaTrader5 application can be a RAM heavy software and you can avoid installing one by using the XM MT5 Web-Trader.
XM MT5 Web-Trader is also suited for traders who want to use XM MT5 temporarily on public computers.
You can access to XM MT5 Web-Trader from XM Official Website.
You can use the login credential of a MT5 account.
XM MT5 Web-Trader supports all types of orders, charting and also one click trading, but you cannot run EAs (Expert Advisers) through the XM MT5 Web-Trader.
To run EAs, you must download XM MT5 to your Windows or MAC computer.
XM MT5 for iPad and iPhone
If you have an iPhone or iPad (tablet), then you can also download XM MT5 app from “App Store” and monitor your accounts anywhere and anytime.
XM MT5 app for iPhone and iPad is also suited for trading as the app provides you with the full XM MT5 functionality.
XM MT5 app supports all trading order types and also has built-in market analysis tools.
To download XM MT5 app for iPad and iPhone and start trading, please follow the steps below.
- Open App Store on your iPhone or iPad
Enter “metatrader 5” in the search field and locate the MT5 app. - Install MT5 app to your iPhone or iPad
Once the installtion is completed, you will be asked to open a demo account or login with a existing MT5 account. IF you don’t have a XM MT5 account, please go to the account opening page. - To login, enter “XM” in the search field
Choose the server name which is suited for your account type. - Login completed
Now you can start trading using on XM MT5 app with iPhone and iPad.
Open XM Real or Demo MT5 Account
XM MT5 for Android and Android Tablet
If you are an Android user, then you can download XM MT5 app from the “Google Play” store.
XM MT5 app is suited for all devices with Android OS including Smart Phones and Tablet.
XM MT5 app is 100% native application of Android and has all the basic functionality offered on MT5.
You can use the XM MT5 app to monitor your accounts and places trades anytime and anywhere.
To download XM MT5 app for Android devices, please follow the steps below.
- Open “Google Play” on your Android devices
Enter “metatrader 5” in the search field and locate the MT5 app. - Install MT5 app to your Android devices
Once the installtion is completed, you will be asked to open a demo account or login with a existing MT5 account. IF you don’t have a XM MT5 account, please go to the account opening page. - To login, enter “XM” in the search field
Choose the server name which is suited for your account type. - Login completed
Now you can start trading using on XM MT5 app with Android devices.
XM’s Bonus Promotions
XM runs various types of bonus promotions available for traders in some jurisdictions.
Starting from $30 No Deposit Bonus.
You can start trading without risking your own funds.
When you make you first deposit, you can receive 50% and 20% Deposit Bonuses.
All verified traders can also benefit from the Loyalty Program which you can earn points by trading and exchange them for bonus.
Visit XM’s Official Website and find out the available offers.
Have you been already trading with XM? Leave your review and opinion for other investors!
1. $30 Trading Bonus (No Deposit Bonus)
XM’s $30 Trading Bonus is given to the new traders.
It is a welcome bonus which gives new traders of XM to experience the trading environment without risking their own funds.
XM’s $30 Trading Bonus is provided after your account opening and account verification.
You do not need to make a deposit to XM to get the $30 Trading Bonus.
By meeting some requirements, you can also withdraw all profits made in the bonus account.
The promotion may not be available for traders in certain jurisdictions. For more information, please visit XM Official Website.
Details of XM’s $30 No Deposit Bonus
2. 50% and 20% Deposit Bonus
XM’s 50% and 20% Deposit Bonus are given to traders who make their first deposits to XM.
The total bonus amount you can get through this promotion is $5000.
For the first $500 of your deposit, 50% Deposit Bonus will be applied.
For the $4500 of your deposit after the first $500, 20% Deposit Bonus will be applied.
The bonus amount cannot be withdrawn, but can only be used for trading purpose.
Details of XM 50% and 20% Deposit Bonus
3. Loyalty Program
XM’s Loyalty Program rewards loyal traders of XM.
By joining this program, you will receive XMP (XM Points) for every time you make trades.
The accumulated XMP can be exchanged for “Trading Bonus” and will be added to your account to support your trading.
Longer period you trade with XM, higher the status you can earn.
With higher status of XM’s Loyalty Program, you will earn higher rate of XMP for each trade.
Thus XM’s Loyalty Program rewards loyal traders even more.
4. Free VPS (Virtual Private Server) Service
For the users of EA (Expert Advisers), XM provides free VPS (Virtual Private Server).
XM’s Free VPS would be the most optimal and ideal solution to connect your MT4 and MT5 platforms to XM’s trading server 24/7 non-stop.
To XM’s free VPS, you only need to deposit at least 5,000 USD and trade 5 round turn lots or 500 micro round turn lots every month.
With XM’s VPS, you can increase the speed of your trades by using the optical fibre connectivity.
Once you open an account with XM, you can apply for the VPS from the client portal (XM’s Member’s Area).
XM’s Free VPS is available for all traders of the broker regardless of the jurisdiction.
Details of XM Free VPS service
Different Regulations (Trading Condition) of XM
XM is an international brand with multiple financial licenses.
In order to provide smooth and optimal trading environment for investors in each jurisdiction while following regulations and directives, XM’s some service conditions may be different depending on the jurisdiction you are in.
The core service functionality is the same for all traders worldwide.
As a big, established and experienced broker, XM is built of more than 450 professionals serving for traders from 196 countries.
Depending on the country you reside in, the regulation which you are accounts are registered will be changed.
For more information, please contact XM support team from the Official Website.
The following information maybe updated at anytime. For the latest information, please visit XM official website.
What is XM Global?
XM Global is a brand and company licensed by IFSC in Belize.
Investors of XM Global can benefit from all the pioneering features of XM MT4 and MT5 platforms.
The maximum leverage is 1:1000 and NBP (Negative Balance Protection) is supported for all trading accounts.
Although unlike XM CY (under CySEC regulation), investors’ funds are not protected with the Investor Compensation Scheme, all investors’ funds are deposited into segregated bank accounts separated from XM’s operation.
XM Global offers 4 account types which are Micro, Standard, XM Ultra Low Account and Shares account.
XM Ultra Low Account and Shares account are available exclusively with XM Global.
What is XM Trading?
XM Trading (or XMTrading) is a brand and company licensed by FSA in Seychelles.
Traders of XM Trading can benefit from all the advanced features and promotions available by XM brand.
You can choose from Micro, Standard and XM Zero accounts with up to 1:1000 leverage.
The available promotions of XM Trading include the No Deposit Bonus (Welcome Bonus), Trading Bonus (Deposit Bonus) and Loyalty Program (Cash Back Bonus).
What is XM CY?
XM CY is a brand and company licensed by CySEC in Cyprus.
With XM CY, you can invest in over 1000 financial instruments of Stock Indices, Forex, Precious Metals, Energies and Individual Stocks.
You can choose from Micro, Standard and XM Zero account types.
As a CySEC licensed broker, XM CY is also a member of ICF (Investors Compensation Fund) which covers up to €20,000 per client in case XM CY fails to meet its obligation to its traders.
Conditions of XM’s High Leverage (Low Margin)
XM offers high leverage for Forex traders.
The available maximum leverage is 1:1000 which is much higher than the industry average.
XM’s high leverage is offered with NBP (Negative Balance Protection) which protects traders from exceeded losses.
With NBP, traders won’t lose more than they deposit as the maximum loss is limited to the total deposit amount.
While the high leverage of XM can be a great tool for traders, there are certain rules of leverage that you must know.
Firstly the maximum leverage will be limited for accounts with higher balance.
Please refer to the below table for the available maximum leverage depending on the account balance.
| Available Leverage | Account Balance |
|---|---|
| 1:1 to 1:1000 | From $5 to $20,000 |
| 1:1 to 1:200 | From $20,001 to $100,000 |
| 1:1 to 1:100 | From $100,001 |
The available maximum leverage is also limited depending on the financial instruments you trade.
The below table shows an example of leverage limitation for some financial markets.
| Financial Markets | Available Maximum Leverage |
|---|---|
| Shares (Stocks) (in Shares account) | No leverage is available |
| Commodities | Up to 1:50 |
| Equity Index CFDs | Up to 1:200 |
| Precious Metals | Up to 1:20 |
The above numbers are only indicative. For more information, please visit XM Official Website.
Why you should choose XM?
XM is one of the largest Forex broker based in Europe, with over 2.5 million traders all over the world (in 2020).
If you are a Forex trader, then you must have heard of the name many times, as the broker is a very popular choice for retail traders.
Out of many, here are 10 reasons why XM has been chosen by many traders:
- XM is a globally popular Forex broker
XM’s services have a global reach to clients in 196 countries, and XM’s team speaks over 20 languages. Professionals from across 5 continents ensure that their clients receive the very best in their own languages, and with unfailing commitment to excellence. This is why XM’s Management Team fosters sustainable workforce development through a wide spectrum of cultures, and approaches your needs with openness to cultural, national, ethnic and religious diversity. If you are not an XM client, open a free demo account today and see the difference. - Protection for traders’ funds
As a regulated broker, XM secures its clients’ funds in segregated accounts with tier 1 investment grade banking institutions. To ensure business transparency, XM reports to its chief auditor, KPMG. - Industry leading order execution quality
XM is acknowledged as industry leaders for their superior execution with no re-quotes and no rejection of orders. XM’s business model relies on the firm conviction that in Forex execution is everything. - Devoted 24/5 customer support in multi-language
XM’s professional support team is on standby 24 hours on 5 business days, ready to assist clients in their own languages with any inquiries about trading, accounts, or technical issues. - Free Online Education (Forex and CFDs)
XM’s market experts offer free Forex webinars, Forex seminars and workshops, Forex tutorials, trading signals, trading guides and a uniquely rich education center for all clients – all in one. - Fair trading terms for all traders
XM’s clients have the freedom to open and trade on all of account types under the same terms, with the same flexible conditions. The same quality execution, spreads, as well as support are offered to each client regardless of account size. - Fast and effective MT4 and MT5
XM’s industry-leading trading conditions are offered on the world-leading MT4 and MT5 platforms. the perfect combination that makes trading easier, faster, and more effective. - Nonstop Bonus Promotions
XM creates incentives for both new and loyal clients continuously because they believe that the core of long-term cooperation is loyalty. For this reason, XM rewards all clients for choosing them as their trusted broker. Their gorgeous bonus promotions include No Deposit Bonus, Deposit Bonus, Cash-Back and Loyalty Program. *Bonus promotions are not available to clients registered under the EU regulated entity of the Group. - Reports shared by market experts
XM’s business is run by market experts with diversified backgrounds and a proven track of expertise in diverse business areas necessary for a global online broker. - Fast Deposit and Withdrawal
With XM, account funding and withdrawals are a flawless experience. XM offers its clients more than 14 ways to deposit instantly and withdraw funds to their trading accounts. With zero fees, and without hidden commissions.
Opening XM’s Live or Demo trading account is free.
Visit the page below to start your free registration today.
Real-Time Spread of XM Zero Forex account
XM strives to offer raw-spread from 0.0 pip on XM Zero account which is available from only $100 of minimum deposit.
There are many Forex brokers which promote their service with classic “0.0 pip no commission” advertisement though, majority of these statements are not really true.
But how about XM?
We have opened the Live XM Zero account and captured the actual spread below.
As you can see, XM does offer raw-spread from 0.0 pip, and it is almost the average spread for USDJPY pair.
Raw-spread from 0.0 pip is actually offered by only a handful of Forex brokers in the world, and XM is one of them.
The spread 0.0 isn’t some fake numbers, but it is possible as XM combines several pricing offered by their liquidity providers.
XM’s excellent selection of liquidity providers make that possible.
XM has got all the reasons why it should be chosen by traders.
XM do not settle. They grow on pushing themselves to give clients new innovative products month by month.
They have no limits in providing excellence.
XM’s Forex Swap-Free Islamic accounts
XM understands the needs of traders with Islamic faith.
Upon request, XM provides traders with “Forex Islamic accounts” with no swap or rollover interest on overnight positions.
XM’s Forex Islamic accounts is available exclusively for clients following the Muslim faith.
If you are in need of a Forex Islamic accounts, then follow the steps below to open one with XM.
- Open a trading account with XM as normal
Signup and open an account with XM following the standard procedures. - Login to XM’s Members Area and complete account verification
The login credential of XM’s Member’s Area will be provided once you signup. The account verification is the only requirement to request for the swap-free Forex Islamic accounts. - Request an Islamic Account
Visit XM Official Website and send a request for a Forex Islamic account via email, phone call or live-chat. XM’s support team will assess your request and will come back to you soon.
XM’s swap-free Islamic trading account provides traders with no interest/swap charges on overnight positions, while making sure that there is also no spread widening, up-front commissions, re-quotes or hidden costs.
On XM’s swap-free Islamic trading account, you can hold positions as long as you want with no time limit, and benefit from the same trading conditions as other accounts.
Request for Swap-Free Islamic Account
XM one the Largest MT4 FX Broker in the world
The name of XM has been know by many traders now, as the broker gains more popularity over the years.
XM’s success doesn’t just come from luck, but the broker certainly has got many great service conditions to offer.
According to XM’s recent announcement, the broker has been recognized as the “One of the Largest MT4 Broker” by MetaQuotes.
As MetaQuotes is the developer of MetaTrader4 trading platform, the fact should be true without no doubts.
Now that XM has over 2.5 million FX traders to offer the service to, the broker can surely be recognized as one of the Largest financial brokers in the world.
There are hundreds of FX brokers in the world though, XM’s success is exceptional.
What makes XM so successful and one of the largest MT4 broker on earth?
There are many reasons to choose XM as your FX broker though, let us review some of their main advantages here.
- No Troubles in the past years
- Low Trading Cost
- Educated and Helpful Customer Support
- Gorgeous Bonus Promotions
- Superior Trading Conditions(Leverage, Trading Server etc)
Above 5 advantages are not some promotional reasons, but you can see the difference when you compare them with other FX brokers.
Become a Partner (Introducing Broker) of XM
Whether you are an Individual or a Corporation, XM can help you expand your business by becoming your partner for all your business needs.
XM’s Introducing Broker (IB) partnership allows licensed Individuals and Corporate firms to directly introduce individual trading clients to XM.
As an approved Introducing Broker of XM, you are compensated for the trading volume directly generated by the clients you introduce.
XM is dedicated to providing customized solutions that best meets the needs of the partners and their traders.
Merits of Partner (Introducing Broker) program of XM
- Personal Manager
XM has a full team of professionals dedicated to the partners. If you need assistance with anything to help grow your business, XM is here to help. XM understands this is a 24 hours/day business, which is why they work 24 hours/day for you. - Real-Time Compensation
As an Introducing Broker of XM, your compensation are generated (real-time) as trades of your direct clients occur. XM believes in compensating the partners with competitive rates because XM believes your success is their success. - Real-Time Reporting
XM provides its partners with a fully transparent back office that displays information in real time. Review your commissions, be alerted when clients register for accounts, and run reports so you can assure your clients receive the best service possible. - Customized Material
XM has the ability to customize many of their services to meet your business needs. Being in a mutually beneficial partnership is important to XM, and they work hard with you to assure you have the tools needed in order to succeed.
Table of Contents
- Who is XM?
- XM Company Information
- XM's Trading Account Types
- What you can invest in with XM?
- XM MT4 - MetaTrader4 Trading Platforms
- Secure and Fast Order Execution with XM
- XM MT5 – MetaTrader5 Trading Platforms
- XM's Bonus Promotions
- Different Regulations (Trading Condition) of XM
- Conditions of XM's High Leverage (Low Margin)
- Why you should choose XM?
- Real-Time Spread of XM Zero Forex account
- XM's Forex Swap-Free Islamic accounts
- XM the Largest MT4 FX Broker in the world
- Become a Partner (Introducing Broker) of XM
XM Ratings And Reviews
XM's Rate
XM's Trading Accounts
XM offers 5 trading account types.
XM In The News
XM Company Profile
BIG. FAIR. HUMAN.
See the trading condition of this Mega FX Broker.
| Regulations & Licenses | |
|---|---|
| Founded | 2009 (15 years) |
| Country Base | Republic of Cyprus |
| Headquaters | 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor 3042 Limassol, Cyprus |
| Traders Rating | |
| Supported Platforms | |
| Maximum Leverage | 1,000:1 * |
| Crypto-Currencies | Not Available |
| Negative Balance | Offer Negative Balance Protection |
| Client Funds Safety | Segregated |
Company Categories
Disclaimer about leverage:
Leverage is offered based on your knowledge and experience. The leverage /margin requirements may be subject to change as subject of applicable regulation in your country of residence.
XM FAQ
Everything you need to know about XM.
Account Types of XM Trading Volume of XM Micro and Standard accounts What is XM? How to open XM account and Start trading? Signup and Complete online registration Open XM account Start trading XM is the most popular MT4 broker How XM can offer its traders such tight spreads? Start with XM's Demo (Virtua...
You can simply send an email to XM with documents though, otherwise you can upload the documents in XM's member area. To upload documents and verify your account, please follow the instruction. 1. Access to the "Members Area" Login to XM's Portal 2. Go to "Uploads Documents" 3. Upload copied docum...
There are mainly 2 cases when the "Off Quotes" message appears on MT4 platform. 1. Orders that don't follow the rule Any order that breaches a limit set by the broker, will be rejected by the server, which can result in an ”Off quotes” message. For example, if you have a live account where the limit on the tota...
XM offers several types of trading platforms though, ultimately you can trade via phone through the dealing desk in XM. You just need to make a call to the number below and XM support staff will execute orders for you. Dealing Desk Number +357 25029910 Required Information Login Credentials of you...
Yes, you can withdraw all the profits made on the $30 Bonus. But you cannot withdraw the bonus amount itself (which is the $30). To withdraw the Profit, you must "Trade 5 standard lots" within the Bonus account. With XM's $30 bonus, you can Trade risk free Withdraw profits Benefit from Negative B...
When you open a trading account, XM provides you with the full login credentials including: Login ID Investor Password Server Name The main password to login to your trading account should have been already set by you. As there are dozens of different server names available with XM, you need to mak...
What are the requirements for XM trading account opening and fund withdrawals?
How to open XM's Forex trading account on MT4 and MT5?
You can have up to 8 live/real accounts with XM. For additional accounts, there is no need to submit documents again, you can open multiple accounts through XM members Area. If you are going to go through the account opening process to open multiple accounts, make sure to type same personal details and same e-...
Most FX pairs can be traded 24 hours on weekdays with a five-minute break from 23:59 (server time) until 00:04 (server time); on Friday, trading ceases five minutes earlier, at 23:55 (server time) rather than at 00:00, to prevent wide spreads as liquidity providers go offline at the end of the week. Server time i...
How much does XM Zero account charge for trading Forex on MT4 and MT5?
The maximum leverage for XM Zero account is 1:500. The leverage 1:1000 is applicable only for Micro and Standard account. Please note that, leverage can be limited according to the account balance. For example, for an account with more than $20,000, leverage is limited to below 1:200. For other conditions, ...
Please be noted that the lot size for each account is different. Micro account 1 Lot = 1,000 units Standard account 1 lot = 100,000 units XM Zero account 1 lot = 100,000 units With micro accounts, maximum trading size is 100 lot, which equals to 100,000 units, and that equals to 1 lot s...
Your XM card will be deactivated if there is no activity for a certain time. If the account balance is Zero Your XM card will be deactivated in 180 days of inactivity. You need to contact your XM account manager to re-activate it. If you have balance After 12 months of inactivity, XM will start charging administ...
Trading with XM will expose you to various deposits and withdrawal methods that would help make your life and trading experience very smooth. Some of the payment methods include; bank transfers, credit/debit card, E-wallets and lots more. From the website your deposit or withdrawal can be made after you sign in or better still you can have the application on your mobile phone or desktop. The payment methods are safe and convenient.
This broker offers a nice range of commodities for trading. There are soft ones such as wheat, sugar, corn and cocoa, ofc.
The latter is my favorite one, because when you know how to track situation with the climate in certain areas, such as the Ivory Coast, then you can easily predict what will happen with the price of the Cocoa. Recently, price updated highs, then, downward trend kicked in.
I first came to XM to just take part in the competition, I didn’t think of switching to this broker.
After taking part, I started seeing all these conveniences they are doing for their clients, and the fact that the price is withdrawable turned me into a client. All the places I saw before didnt let to withdraw the competition winning prize, some even didnt have any competitions.
Then I became a client and opened a standard acc, put some money through VISA (it was easy btw) and begun trading. I trade rarely, but still do it here at XM.
I think everybody noticed what happened with the USD/JPY currency and to be honest I didn’t expect that it would happen and especially the downfall from 161 to 148 points. I was thinking that a bull run would continue but as soon as I opened a position I got a stop loss. It seems not only on the forex market panic sell, but also on the crypto and stock markets. It seems the black swan has begun.
Thanks XM for providing so many crypto’s to trade.
And I have an advice to beginners, if you are new and you wanna trade crypto, don’t go for mainstream coins like BTC or ETH. I know they are the most popular, but they have the highest spreads (like over 90 for btc sometimes) and sometimes very volatile. Go for coins like Solana instead, easier to trade and the spread is minimal, (around 1 pip).
Ha, copy trading is hiding behind the “sign up” button XD
When I firstly entered the website I tried to find information about it, but couldn’t find it at all. Maybe I wasn’t attentive enough, but right after I signed up and verified my account, I detected a broad list of leaders who I could follow.
I decided to trade manually anyway, coz… manual trading makes you feel like you are a TRADER, while copy trading is more for those lazybones who ain’t wanna push the buttons.
Just a joke, no offense 🙂
All in all, I like the infrastructure provided by the XM. It’s fresh and dapper.
I have Micro account with this broker. And this type of account may be interesting for beginners
I was looking for account that is in a reliable company with a small minimum deposit and no fees
And I found such account here in XM
Broker has quite favorable conditions for beginners who are not ready to invest a lot in trading, but who at the same time want to create high-quality conditions
through the entire period of working with the xm broker I can conclude that this is an optimal solution for me.
firstly, i had no troubles loading tons of money on my acc, as i have accumulated solid sums, i was afraid of being cheated, like beginners are afraid of depositing theri first sums, lol.
secondly, i like the fact that inside the platform there is a full functionality, i.e. indicators, drawing tools and so on. I am about their app for tablets, cuz I opted for it.
finally, there are 4 accounts and they have different specifications. it was interesting to puzzle over the choice.
XM is a kinda cool brokerage platform.
I have heard about it in different reviews of traders who have been cooperating with them for solid period.
I made an account quickly, passed through verification and the overall procedure didn’t take more than 10 minutes. After that I started to trade on the demo account, trying to apply some indicators, use drawing tools, check analytics and so on.
Now I am on the real one, opted for the ultra low account and have nice trading conditions. So I can recommend these guys, they look promising and modern. Indeed, they are also safe.
They are one of the biggest, and just look at their website, at the photos they have on the wall.. Its like, no other broker has as much real-world presence as XM. They are educating a new generation of traders, while giving so many new instruments not available anywhere else. Like 90% of other brokers dont even have Thematic indices and turbo stocks lol, what are we even talking about
I think that trading platform that this broker gave me for trading is popular among traders.
I saw the same platform several times from some bloggers who show their trading ideas and trading strategies.
This is certainly a good thing. This means that I have the same trading platform as those professional traders
Well, I was surprised to see what trading conditions XM broker offers for traders. I chose the ultra low standard account because the swaps on this account are quite cheaper from others but the spreads starting from 0,6 pips is not quite impressive for me. I have seen tighter spreads from other brokers but anyway I like the variety of financial assets.
In my opinion this is quite a versatile broker that can offer a wide array of financial services for customers all over the world and it doesn’t matter where you are from. You will be able to use any services which you want.
I want to mention that XM broker offers a lot of ways for making deposits and withdrawals via various payment systems and this list is pretty huge. There are: credit cards, crypto, e-wallets, bank transfer and other methods. Mainly I transfer money through crypto currencies because it is really convenient and fast for me. Everything works as it should concerned.
This is a decent review, but once again, one part is missing.
NOBODY is ever mentioning inactivity fee here lol. I checked like 10 reviews, they all forget it exists.
I found out the hard way they charge $15 one-off fee after one year of inactivity. And then $5 per month if you remain inactive!
This is not a dealbreaker for sure, but its IMPORTANT to know this! Otherwise people will just leave their acc unattended and do other things, and then be surprised.
I traded with them 4 years ago, great broker, but didn’t withdraw all the funds. Then they all slowly withered lol.
I am one of those traders who trades only one asset.
Yes, I’m sure that with a more detailed and complete analysis, I can really succeed in trading. For this, I chose XAUUSD
In my opinion, trading only this asset can bring a stable income.
I don’t spend time studying other assets and follow only the news and the chart of this asset.
By the way, it should be noted that XM has excellent trading conditions for trading Gold.
Platform has all tools, spreads are narrow and execution is instant.
Please just remove that stopout because of that stopout iam losing my trades or else make a option on it those who want to put stopout they will put please in the end moment iam losing my trades because of that stopout…. please note my comment.
Hi, how do I compute the volume if I have 30$?
what if i have $10 Balance and $250 Equity/free margin, and i lose $20 on a trade, and make $30 on a second trade, will my new balance be $20/$30?
ama wanna say it’s a best broker
why does it keep telling me my account is invalid when i just made it and had it confirmed via email, i’ve downloaded MT5 from the official website but keeps telling me the account login
I want to change my xm server to mt4
Xm is a scam i made €149 and i made a withdrawal today and they sent me an email saying i can’t take my withdrawal and it was rejected
you are waiting for weeks without asking xm reason? pretty sure you are missing something….. me and my friends had never trouble with xm for years
They scammed me I’ve been waiting for my withdrawal for weeks now
was xm’s server off for about one hour? any infor?
can i withdraw the prize of 10 year anniversary? what is requirement?
what if someone have more than $5 to deposit in standard account is it posible
I have nice experience with xm and I just withdrawn profit after 3 month of trading. Very professional and I will continue using mt5 account.
I trust xm with my money. Professional and serious support unlike other amateur brokers. My favourite brokers are xm and fxpro. They are really recommended!!
I have deposited 21.18 USD on my XM account but I can’t trade it but the minimum currency is 5 USD what seems to be the problem?
XM is the best broker
I was trading news and they just closed my order while it was in profit but my funds never reflected i hate xm
obviously the best broker xm. don’t believe these losers who can’t never profit and blame broker for loss.
Xm market maker with High Slippage , my accounts got margin many times of XM slippage
I had trade with several others but probably xm is most decent and professional. happy that found a broker like XM.
is xm the biggest fx broker on earth? where can i find ranking of fx broker?