XM Group

About XM Group

XM is a globally recognized Forex and CFD broker that has been serving traders since 2009. Known for its reliability, transparency, and competitive conditions, XM has established itself as a trusted name in the industry.

The broker offers access to a wide range of financial instruments, including Forex, Commodities, Indices, Shares, Metals, and Energies, all through the popular MetaTrader 4 and MetaTrader 5 platforms. With fast trade execution, low spreads, and flexible leverage options, XM caters to traders of all levels, from beginners to professionals.

Whether youre just starting or looking to expand your trading strategies, XM provides robust support through educational webinars, in-depth market analysis, and research tools, ensuring clients have the knowledge and resources to succeed.

Safety and Regulations

Trading Regulators

XM operates under multiple regulatory authorities, ensuring a safe and transparent trading experience for its global client base. The broker is licensed by respected financial regulators, including:

Cyprus Securities and Exchange Commission (CySEC), 

Australian Securities and Investments Commission (ASIC)

Financial Sector Conduct Authority (FSCA) in South Africa

Dubai Financial Services Authority (DFSA)

Financial Services Commission (FSC) in Belize

Security

To enhance financial security, XM implements strict compliance measures and risk management protocols. Client funds are held in segregated accounts at top-tier financial institutions, ensuring they remain separate from the company’s operational capital. This structure provides an added layer of protection and reinforces the broker’s commitment to safeguarding trader assets.

XM prioritizes trader protection through a range of security measures. The platform employs advanced encryption technologies to secure all transactions and sensitive data. Negative balance protection is also in place, preventing traders from losing more than their deposited funds in volatile market conditions.

Transparency

Transparency is a key aspect of XM’s operations. The broker follows the best execution policy to ensure fair pricing and maintains a clear client agreement outlining its services and obligations. Regular audits by independent firms further reinforce its financial integrity.

With strict regulatory oversight, advanced security features, and a transparent trading environment, XM provides a trustworthy and secure platform for traders at all levels.

Tradable Instruments

XM Broker provides traders with an extensive selection of trading instruments, catering to various financial markets and investment strategies. With a diverse asset offering, XM is a strong choice for those looking to explore multiple markets within a single platform.

Tradable Assets and Markets at XM

Forex

XM provides an impressive selection of over 55 currency pairs, which include major, minor, and exotic pairs. The platform offers tight spreads and competitive pricing, making it a solid choice for forex traders. Whether youre a beginner or an experienced trader, XM’s diverse range of forex pairs ensures that you can speculate on the world’s largest and most liquid market effectively.

Commodities

In addition to its forex offerings, XM gives traders access to a wide range of commodities. This includes precious metals like gold and silver, energy products such as crude oil and natural gas, and agricultural commodities like corn and wheat. These instruments offer traders the opportunity to hedge against inflation and diversify their portfolios, especially in volatile market conditions.

Shares

One of XM’s standout features is its robust selection of nearly 1,300 share CFDs. These CFDs are available from major global stock exchanges, including the NYSE, NASDAQ, and LSE. The platform offers exposure to various sectors and countries, making it an excellent choice for equity traders. Furthermore, traders under XM’s Belize regulation can open a Shares Account to trade actual shares of major US, UK, and German companies.

Indices

XM offers CFDs on 14 global stock indices, including well-known indices such as the S&P 500, FTSE 100, NASDAQ 100, and DAX 30. While these indices cover all the major markets, the selection is somewhat limited compared to other brokers that typically offer between 15 to 20 indices. However, the inclusion of key indices still offers opportunities for traders to speculate on broad market trends.

Cryptocurrencies

XM provides traders with access to 58 cryptocurrency CFDs, allowing speculation on some of the most popular digital assets, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). While availability may differ depending on your location, XM ensures a seamless trading experience for those interested in this highly volatile and dynamic market.

Account Types

XM provides a diverse selection of account types designed to accommodate traders of all experience levels and trading preferences. Each account comes with unique features, ensuring flexibility in trade sizes, costs, and market access.

XM Live Accounts

Standard Account

The XM Standard Account is a versatile option offering access to all trading instruments with zero commission. This account is designed to meet the needs of both novice and experienced traders, providing competitive spreads and broad market access. Standard Account holders may be eligible to participate in XM’s Bonus scheme, depending on their jurisdiction.

Micro Account

The Micro Account is specifically tailored for beginner traders who wish to minimize their risk exposure while trading in live market conditions, and is ideal for those who want to test strategies or practice trading with smaller volumes before moving on to larger accounts. It offers all the features of the Standard Account, including negative balance protection, hedging capability, and a minimum deposit requirement of just $5. Traders can open up to 300 open positions or pending orders simultaneously. 

XM Zero Account

Designed for traders who prioritize tight spreads and fast execution, the XM Zero Account offers spreads starting from 0.0 pips. Unlike the Standard and Micro accounts, this account charges a commission of $3.5 per lot traded per side, is only available in three base currencies: USD, EUR, and JPY, and it requires a minimum deposit of $100 to open.

The XM Zero Account is best suited for scalpers and high-frequency traders who rely on minimal spread costs and rapid trade execution to maximize profitability. 

XM Ultra Low Account

The XM Ultra Low Account focuses on providing traders with some of the tightest spreads available without charging any commissions. Spreads start from as low as 0.6 pips, making it an attractive choice for scalpers, day traders, and high-volume traders seeking cost-efficient trading conditions.

The Ultra Low Account is particularly popular among experienced traders who want a combination of low-cost trading and flexible trade sizes.

Shares Account

The Shares Account at XM is designed for more experienced investors who seek exposure to global equities. It provides access to over 1,200 global stocks from major exchanges. Unlike the forex-based accounts, the Shares Account operates with a minimum deposit requirement of $10,000 and charges a commission of 0.1% per trade, also, this account holders benefit from a free VPS service and can participate in the XM loyalty program to earn additional bonuses. 

Demo Account

For traders who wish to experience XM’s trading platforms and conditions without risking real funds, XM offers a Demo Account with a virtual balance of $100,000. The demo account is available with an unlimited duration, allowing users to practice their strategies and familiarize themselves with trading tools for as long as they need. This feature is invaluable for beginners or for seasoned traders wanting to test new approaches in a risk-free environment.

Islamic Account

XM offers swap-free Islamic Accounts that comply with Sharia law, ensuring that no interest is charged or paid on overnight positions. Islamic accounts are available across the Standard, Micro, and Ultra Low account types. XM does not impose hidden fees or widen spreads for Islamic Account holders, providing a fair and transparent trading environment for Muslim traders.

Supported Platforms

XM offers a variety of trading platforms designed to accommodate traders of all experience levels. Whether trading forex, stocks, indices, or commodities, XM ensures that its platforms provide the tools necessary for a seamless and efficient trading experience.

The trading platforms available at XM include:

• MetaTrader 4
• MetaTrader 5
• XM App

Overview of XM’s Trading Platforms

MetaTrader 4

XM provides access to MetaTrader 4 (MT4), one of the most widely used trading platforms in the forex industry. Known for its reliability and user-friendly interface, MT4 is equipped with a range of technical indicators, charting tools, and automated trading capabilities through Expert Advisors (EAs).

MT4 allows traders to customize their experience with a variety of analytical tools, making it suitable for both beginners and experienced traders. The platform is available across multiple devices, including desktop, mobile, and web versions, ensuring accessibility and flexibility for traders on the go. With features such as one-click trading and customizable charting options, MT4 remains a popular choice for forex and CFD trading. 

MetaTrader 5

For traders looking for a more advanced trading platform, MetaTrader 5 (MT5) offers additional features beyond MT4. Designed to support a wider range of assets, MT5 includes expanded timeframes, more technical indicators, and a built-in economic calendar to keep traders informed about market-moving events.

XM’s MT5 platform is ideal for multi-asset trading, offering the same core functionalities as MT4 while introducing additional CFDs on stocks, indices, and commodities. With advanced charting tools, improved order execution speeds, and support for both hedging and netting, MT5 is a great option for traders seeking a more comprehensive platform.

Mobile Trading

XM ensures that traders can stay connected to the markets with its mobile trading applications, available for both iOS and Android devices. The mobile versions of MT4 and MT5 allow traders to execute trades, manage their accounts, and analyze market movements directly from their smartphones or tablets.

With an intuitive design and real-time access to market data, XM’s mobile platforms provide a streamlined trading experience, allowing traders to react quickly to market changes no matter where they are. Features like push notifications, customizable chart settings, and a user-friendly interface make mobile trading a convenient and efficient option for active traders.

Trading Features

Commission and Fees

XM stands out for its transparent and competitive fee structure, catering to traders of all experience levels. The broker’s pricing model offers clarity and predictability, allowing both beginners and seasoned professionals to manage their trading costs effectively.

Trading Fees

The trading fees at XM are influenced by the selected account type and trading instrument. 

XM offers tight spreads across a broad range of asset classes. On certain account types, spreads can start as low as 0.0 pips, particularly benefiting traders who employ strategies like scalping or high-frequency trading.

While some accounts offer commission-free trading where costs are built into the spread, other account types, such as XM Zero accounts, apply a commission fee, with spreads kept tighter to enhance cost transparency.

Overnight swap rates apply for positions held past the daily market close, functioning as interest charges or credits depending on the instruments traded and the direction of the position.

Triple swap charges are applied on Wednesdays to account for the weekend settlement period, aligning with standard market practices.

Swap rates vary depending on whether a position is long or short, and traders can find the current applicable rates within the XM trading platforms. Islamic, or swap-free, accounts are available for clients who require them for religious reasons.

Non-Trading Fees

XM charges an inactivity fee for accounts that remain dormant for 90 consecutive days. A small monthly fee is deducted from the balance, ensuring that account maintenance costs are covered without heavily burdening inactive users.

There are no deposit fees charged by XM, and withdrawals are typically processed without broker-imposed fees, although third-party charges may apply depending on the payment method used.

Currency conversion fees are applicable when deposits or withdrawals are made in a currency different from the account’s base currency, a common practice across the industry.

While XM does not offer direct futures trading, traders can access CFD products that mirror futures contracts, providing the opportunity to speculate on price movements without owning the underlying asset.

Deposits and Withdrawals

XM provides traders with a secure and convenient way to manage their funds, offering a wide range of deposit and withdrawal methods to cater to clients worldwide. The broker aims to streamline the transaction process, ensuring that traders can deposit and withdraw their funds with ease.

Deposits

The deposit process is straightforward and user-friendly. After logging into the XM Members Area, traders can navigate to the "Deposit Funds" section, select their preferred payment method, and complete the transaction.

Most deposits are processed instantly, enabling traders to start trading without unnecessary delays. However, depending on the payment method and region, some deposits may take up to five business days to reflect in the trading account. XM does not impose any deposit fees, allowing traders to fund their accounts without additional costs.

Withdrawals

Withdrawals at XM are handled efficiently, with requests processed through the Members Area. Verified traders can initiate withdrawals by selecting their preferred withdrawal method and specifying the amount.

XM aims to process withdrawal requests within 24 hours, but the time taken for funds to reach a traders account depends on the chosen method. E-wallet withdrawals are typically completed within the same day, while bank transfers and debit card withdrawals may take between two to five business days.

To maintain security and compliance, XM enforces a structured withdrawal hierarchy. Withdrawals must first be processed back to the original deposit source before other methods can be used.

XM does not charge fees for most withdrawal transactions, though external service providers may apply their charges.

Deposit and Withdrawal Methods:

Credit/Debit Cards (Visa, MasterCard), Bank Wire Transfers, Skrill, Neteller, Perfect Money, Google Wallet, Apple Pay, Various Local Payment Methods (depending on region)