XM

Written by How we review

XM is a well-regarded forex and CFD broker providing online access to multiple markets on widely used platforms, along with research tools, education, and multilingual support.
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Key facts

#26
Trust rank
2009
Founded
5
Licences
229
Countries accepted
HeadquartersCyprus
Broker typeMarket Maker, STP
RegulationASIC; CySEC; DFSA; FCA; IFSC
PlatformsMT4, MT5
InstrumentsCommodities, Forex, Indices, Metals
Fee levellow

Updated

Pros

  • • CySEC and ASIC regulation
  • • Low $5 minimum deposit
  • • MT4/MT5 platform support (desktop/web/mobile)
  • • Negative balance protection
  • • Low-spread account options (commission-free and commission-based)

    • Cons

  • • Offshore regulation via IFSC Belize
  • • CFDs only (no real stocks/ETFs ownership)
  • • MT4/MT5 only; no proprietary platform
  • • Inactivity fee applies
  • • No ECN/DMA accounts

    • Key Features

  • • Multi asset CFD trading Forex Indices Commodities Equities Metals Energies
  • • MetaTrader 4 and MetaTrader 5 with algorithmic trading and VPS support
  • • Negative balance protection and segregated client funds
  • • Multi jurisdiction regulation CySEC ASIC DFSA IFSC
  • • Multiple account types Micro Standard Ultra Low with tight spreads
  • • Market execution low latency and high fill rates with no requotes

    • Similar Brokers

    Where This Broker Ranks

    XM is not in the top 10 for any country or territory we rank yet. Each list shows the ten highest-rated brokers that accept clients there. How we rate brokers · All rankings by country

    How we review: We rate brokers on regulation, safety of client funds, trading costs, platforms and tools, execution, and reputation, using independent research and hands-on platform testing where possible. Partners cannot buy higher scores. This content is informational only, not investment advice.

    See our Methodology and Risk Disclosure for full details.

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    We will review issues related to the information shown on BrokerCatalogue (fees, features, data, wording). For account, deposit, or withdrawal problems, please contact the broker directly. We cannot access your funds or fix platform-side issues.

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    Frequently Asked Questions

    the broker operates under licenses in several regions. You open your account with a specific legal entity based on your residence. The broker states that it keeps client money separate from its own funds and follows local rules. You should review the client agreement and risk disclosures to understand protections, margin terms, and dispute processes. Trading leveraged products carries high risk and may not suit you. Availability of protections, including negative balance policies, depends on the entity and your location.

    You can trade contracts for difference on currencies, indices, commodities, metals, energies, and shares. The exact list depends on where you live and your account type. Product terms such as leverage, trading hours, and margin also vary. Check the product list and key information for your account before you trade. Some instruments may be set to close only or not offered in your region. Leveraged trading increases both losses and gains and can be high risk.

    the broker supports desktop, web, and mobile platforms. You get advanced charts, multiple order types, and the option to run automated strategies. You can add custom indicators and set alerts. Risk tools like stop and limit orders help you manage exposure, but they do not remove risk. The broker also offers education, news, and calendars. Platform choice, features, and third‐party tool access can vary by region and device.

    Your total cost depends on your account type, instrument, and market conditions. Pricing may include variable spreads, commissions on some accounts, overnight financing, and currency conversion. You may also face platform, inactivity, or funding costs, depending on the method you use and your region. Review the fee schedule and product specs for your account. Costs can change without notice and differ by entity. Wide markets and slippage can raise trading costs during fast moves.

    You can fund and withdraw using cards, bank transfer, and supported online payment services. Available methods depend on your country and the entity that holds your account. Processing times and fees can vary by method and third parties. The broker may require identity checks before releasing funds. In most cases, withdrawals return to the original source first, and third‐party payments are not accepted. Make sure your account details and payment name match your profile to avoid delays.

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