XM Review - A Must Read Before You Trade
In other words, a broker review will help traders to know the ins and outs of a broker platform.
XM is a full-fledged regulated Forex and CFDs broker. In the first place, they have started their journey as a Forex broker.
At this moment, the XM trading broker offers CFDs trading along with the Forex.
Since 2009, the broker provides a fair and trustworthy trading environment to its traders. Moreover, traders from 196 countries enjoy the same transparent trading condition.
They have strongly dedicated team members, visited over 120 cities to meet with clients and partners.
The trading platform is well organized with the necessary information.
To educate their traders, they have also hosted hundreds of seminars in different countries. However, they have a section for education and research on their website.
XM group’s refreshing customer support team helps traders to fulfill their investment goals.
Traders from anywhere can deal with them because they support more than 30 languages.
They build more than 300 professionals, are experienced in the financial industry. There are over 700 trading instruments. So, traders can trade Forex with the ultra-low spread.
XM Broker Review - What Is XM?
High Capital Risk Is Involved In Financial Trading
We have already mentioned that the trading broker provides a fair trading environment.
Including other benefits, XM has followed strictly zero re-quotes and zero rejection policy.
At the same time, more than 99.35% of trading orders are executed within one second.
Now, your money is safe with the help of negative balance protection. So, there is no chance to lose money more than your account balance.
XM trading platform is suitable for all types of traders. Their promise is to give traders a BIG, FAIR, and Human Broker service.
Basically, the mission of this multi-regulated trusted global broker is-
“To keep pace with global market demands and approach our clients investment goals with an open mind.”
The vision is to-
“Make a positive impact on the quality of life of people across the world.”
Let’s find out why people choose XM Forex broker as their first choice.
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Why XM Trading Broker
Trading with XM Forex broker is the best option for novice currency traders comparatively other brokers. They have a wide range of Forex instruments.
The team is dedicated to delivering superior service towards traders. Other than Forex, you can trade with metal, indices, and energies.
The flexible trading condition is suitable for traders from any continent. The broker earns clients loyalty by ensuring client satisfaction.
They try to help traders according to the industry and trends. Furthermore, adopting new technology will make clients more sophisticated and more demanding.
Similarly, the team has never made any compromises in factors that can affect the client’s performance.
Fore traders, they offer tight spreads and the best execution. There are a few key features, which makes XM broker different from other Forex brokers.
- Multi-Regulated Forex and CFD broker
- Minimum Deposited amount $5 (depends on the trading account)
- Minimum Withdrawal amount $5 (depends on the withdrawal process or method)
- Demo account with USD 100,000
- Spread starts from ZERO pips
- Contract size 1000 (Min)
- Leverage 888:1 (Max)
- Nonstop Bonus promotion with account opening Bonus up to $500
- No hidden fees
- Real-time market execution
- Trade volume minimum 0.01 Lots
- More than 1000 trading instruments
- Zero re-quotes and Zero rejection facilities
- Personal account manager facility
- Transferred fees covered by XM Brokers
- Free daily technical analysis
- Education and Video tutorial for traders
- 24/5 Live support system
- 16 trading platforms
- Professional trading signals twice a day
- Mobile trading available
- Hedging Allowed
- Open up to 200 trade positions
High Capital Risk Is Involved In Financial Trading
XM Global Regulation
XM broker holds a wide range of licenses which help them to accept traders globally.
Besides, XM Global Limited doesn’t provide service for those traders who are from the USA, Canada, Israel and the Islamic Republic of Iran.
- Firstly, XM Global Limited is licensed by IFSC, under the license number of IFSC/60/354/TS/18
- Secondly, XM Cyprus is regulated by the Cyprus Securities and Exchange Commission (CySEC), under the license number of 120/10.
- Thirdly, XM UK is regulated by the Financial Conduct Authority (Reference number: 705428)
- Finally, XM Australia is regulated by the Australian Financial Services License by ASIC (number 443670)
Trading Awards And Achievements

XM broker came into the market to help traders in different ways.
Generally, this Global trading platform receives numerous trading awards for its secure and transparent trading policy.
Under these following classifications, they have received numerous accolades and awards.
The classifications of awards are –
- Platform Awards Forex
- Forex Service Awards
- The Forex Broker Awards
- Various Others Accolades
Recently, in March 2019, XM was awarded Best FX Service Provider by City of London Wealth Management Awards.
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XM Login And SignUp Process

Firstly, to login into the real account, traders need to open an account by following some instruction.
Secondly, you have to deposit a minimum amount to trade with a real account.
Completing an account registration needs only two minutes.
XM SignUp Process
You have to put all your personal information.
In personal information, you will get a few boxes to input your name, email, language, country, and contact number.
Input the trading account information like trading platform name and trading type.
In the personal details section, you have to enter your date of birth details.
In the address section, traders have to fill the details with the information of their residential address.
If you are a US citizen, then you have to put your Tax Identification Number for the tax purpose.
Trading account details with the base currency, leverage, and account bonus.
Fill the investor’s information with a little necessary information.
Complete the sign-up the process by giving password after confirmation of terms and condition.
However, the above signup process is not similar for traders who want to open a demo account.
XM offers to open a maximum of 5 demo accounts for each trader.
At first, to open a demo account, fill a form with your personal details, trading account details, and password.
You have to complete the registration process by clicking a link which has sent to the email.
After confirming the account, the team will send you an email with MT5 ID. You can start your trading after downloading the XM MT5 platform.
XM Login Process
Simply enter your MT4 or MT5 ID to log in to the trading platform.
Remember, use your real account number and password to log in to the member area.
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Account Verification
Your account will not be validated unless you upload legal documents. So, please upload clear and visible files.
Your maximum upload file size is 5MB. Moreover, the broker is accepted GIF, JPG, PNG, PDF as a file format.
Without receiving your documents, you will not be permitted to access trading and withdrawal profits.
Step 1: A color copy of valid passport or other official state ID (e.g. driver’s license, identity card, etc).
Moreover, the ID must be valid and contain the client’s full name, an issue or expiry date, the client’s place and date of birth or tax identification number, and the client’s signature.
Step 2: A recent utility bill (e.g. electricity, gas, water, phone, oil, Internet and/or cable TV connections), or bank statement dated within the last 6 months confirming your registered address.
It is not necessary to upload documents for a new account if you use the same contact details.
Finally, your new account will be validated automatically.
XM Demo Account

A demo account is good for both novice and expert traders.
Practicing through a demo account will help you to improve your trading knowledge.
On the other hand, it is necessary to have proper trading strategies to win a trade. Via a demo account, you can practice different trading strategies.
You can trade Forex by using different platforms in a Demo account. As virtual money, you will get $ 100,000. Moreover, there is no expiry date for a demo account. You can use as long as you want.
Note that demo account that has been inactive for longer than 90 days from the last login, will be closed. However, you can open a new demo account at any time.
Surprisingly, traders will be allowed to open a maximum number of 5 active demo accounts.
In a real account, you have to submit necessary documents to verify your Identification.
Furthermore, in the demo account, account verification is not necessary. Above, we have already mentioned the signup process of a demo account.
High Capital Risk Is Involved In Financial Trading
XM Trading Account And Types
XM broker offers different types of trading accounts for their traders. Moreover, each trading account offers different facilities for its traders.
You can choose according to your deposit amount and trading experience.
Overall, traders can hold eight different trading accounts of their choice.
Especially for Forex traders, there are three types of trading account except for Demo account.
- Micro Account
- Standard Account
- XM Ultra Low Account
For all account types, you will enjoy the same quality trading execution process.
From the member’s area, you can manage all the functions of your trading accounts.
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Micro Account
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Base Currency Options: USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR
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Contract Size: 1 Lot = 1,000
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Leverage: Yes
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Negative Balance Protection: Yes
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Spread: As Low as 1 Pip
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Maximum Opening Position: 200
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Minimum Trade Volume: 0.01 Lots (MT4) & 0.1 Lots (MT5)
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Lot Restriction Per Ticket: 100 Lots
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Trading Bonus: Yes
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Deposit Bonus: No
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Hedging: Allowed
Standard Account
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Base Currency Options: USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR
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Contract Size:1 Lot = 100,000
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Leverage: Yes
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Negative Balance Protection: Yes
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Spread: As Low as 1 Pip
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Maximum Opening Position: 200
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Minimum Trade Volume: 0.01 Lots
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Lot Restriction Per Ticket: 50 Lots
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Trading Bonus: Yes
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Deposit Bonus: No
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Hedging: Allowed
Ultra Low Account
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Base Currency Options: EUR, USD, GBP, AUD, ZAR, SGD
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Minimum Contract Size: 1 Lot = 1,000
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Leverage: Yes
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Negative Balance Protection: Yes
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Spread: As Low as 0.6 Pips
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Maximum Opening Position: 200
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Minimum Trade Volume: 0.1 Lots
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Minimum Lot Restriction Per Ticket: 50 Lots
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Trading Bonus: No
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Deposit Bonus: No
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Hedging: Allowed
Apart from these, XM offers other types of account depending on the traders. Clients can hold up at least 8 active accounts along with 1 share account. Although, shares account will help you to trade the share market.
XM Shares Account:
In a shares account, traders can start trading by depositing a minimum amount of $10,000.
USD is the base currency of this account. Besides, you can not able to trade with leverage.
Whereas, traders can protect their investment amount via negative balance protection. Traders can open a maximum of 50 positions with a minimum trade volume of 1.
XM Islamic Account:

XM Islamic account is known as a swap free account. They imply no swap or rollover interest on overnight position.
So that, clients who follow Muslim faith will open their trade position with Islamic account.
In addition, traders need to send a request for an Islamic account after opening a live account.
As per their claim, the Islamic account is different from other broker’s Islamic account. Xm broker does not charge any additional charges from traders.
Features of an Islamic Account:
- Interest/swap charges on overnight positions are not applicable
- Zero spread widening
- Trade without up-front commissions
- Positions can be held with no time limit
- No re-quotes and hidden costs
- Leverage up to 888:1
- 100% real-time market execution
- Same trading conditions as for our trading account types
- Free and instant access to all trading platforms
- 24/5 dedicated support from your Client Account Manager
It is easy to open a Forex Islamic account by following only three steps.
- Opening a trading account with XM broker with necessary information
- Login to the member’s area and validate with an account
- Request for an Islamic account
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Multi-Asset Trading Account:
Multi-asset trading account is like opening a bank account. You can open this account in Micro, Standard, and XM Ultra Low account types’ format.
Moreover, Multi-asset trading account is only applicable to MT5 trading platform.
Your multi-asset trading account includes:
- XM Members Area
- Access to the corresponding platform(s)
- For XM Webtrader
Trading Platform: XM MT4 And XM MT5
At XM execution quality is crucial. We foster the ease and speed at which our clients enter the market at the best available market price. Thus we strongly oppose to any software or methods that undermine execution quality by aggressively re-quoting or rejecting clients’ orders. As ex-interbank dealers, we also know that inferior execution turns a profitable trading strategy into a losing one. Tight spreads only make sense if you can trade on them. In this respect, the XM mission is to provide best execution possible.
XM broker is offering both MT4 and MT5 trading platform. In total, there are 16 trading platforms where you can trade more than 1000 instruments.
Traders can use these trading platforms either after downloading in their trading device or as a web-based platform.
Both MT4 WebTrader and MT5 WebTrader are only for those clients who want to access the global market without downloading the platform.
Moreover, you can set your trading period from 1 minute to Monthly. In fact, both MT4 and MT5 platforms are compatible with the normal desktop device and Mac.
The trading platform offers different features depending on the trading devices.
So, traders who want to trade with multiple asset classes can choose the MT4 as their trading platform. However, individual stocks are only available for MT5 platform.
Both trading platforms are offering no re-quotes and no rejection facilities.
- 1 Single Login Access to 8 Platforms
- Micro Lot Accounts (optional)
- Spreads as low as 0.6 pips
- 3 Chart Types
- Full EA (Expert Advisor) Functionality
- Technical Analysis Tools with 50 indicators and charting tools
- Up to 128 trading accounts supported in MT4 multiterminal.
- Trade Over 1000 Instruments including Forex, CFDs, and Futures.
- 1 Single Login to 7 Platforms
- More than 80 Analytical Objects
- Spreads as low as 0.6 pips
- Full EA Functionality
- Hedging Allowed
- Market Depth of Latest Price Quotes
- Over 1000 Instruments, including Stock CFDs, Stock Indices CFDs, Forex, CFDs on Precious Metals, CFDs on Cryptocurrencies, and CFDs on Energies
High Capital Risk Is Involved In Financial Trading
Trading Instruments And Types
XM broker is offering 7 classes of assets like Forex, Stock, Commodities, Equity Indices, Cryptocurrency, Precious Metal, and Energies.
Over 1000 trading instruments are available for traders.
You can trade Forex with XM brokers so smoothly. The broker platform is giving more than 55 major, crosses and exotic trading currency pairs.
Traders can trade 24/5.
Trading leverage is up to 888:1 for traders.
There is no hidden charge available in Forex trading. You can enjoy your trade with tight spread and without re-quotes.
Trading CFD with XM broker is cost-effective. XM broker is offering CFD on Stocks, commodities, indices, metal, and energies.
You can directly access the global equity market through this broker platform.
According to the market move, traders can choose whether they will choose long or short.
Besides, trading strategies suit both short-term and long-term trading method.
No extra fee is applicable to traders.
- Traders can trade with all global major indices
- Major commodities like sugar, cocoa, wheat and more
- They can trade over 600 globally renown stocks
- Trade metal like gold, silver, palladium, and more
- Oil, gas, and all major energies
Cryptocurrency is an attractive investment, which is an alternative beside Forex trading.
Traders enjoy their crypto trading 24 hours in 5 days a week. Just like Forex, crypto has tight spread along with no re-quote option.
You can trade with no hidden charge. According to the market move, you can go long and short.
Trading Bitcoin is available in XM MT5 platform.
It is possible to trade without owning the financial instrument which is contract based.
Due to low deposit, this trading class is ideal for beginners.
Commodity trading will give you the ability to go short and earn from the falling price.
There are no stock exchange fees.
XM Spreads
To keep spreads as narrow as possible, we aim to get optimal prices from all our liquidity providers. Real-time prices are aggregated from liquidity providers in order to offer the best bid and ask prices to clients. Our electronic pricing engine allows us price updating on every currency pair three times per second, and thanks to this our prices reflect the current global forex market levels.
XM broker offers spreads as low as 0.6 pips depending on the account types and trade sizes.
For all major currency pairs, tight spreads are applicable. Moreover, you will enjoy the best execution policy as well as fractional pip pricing.
This broker platform offers variable spreads just like interbank Forex market. On the other hand, with fractional pip, you can trade with tighter spreads.
High Capital Risk Is Involved In Financial Trading
Education And Research
XM is offering education and research work for their traders. You will get updated with the daily market news and all critical market conditions.
Technical analysis for different trading classes will be there in the research section.
Similarly, in the learning section, traders will find Forex Webinars, Video tutorials, and Forex seminars.
In fact, XM is giving an opportunity to enjoy webinars in 19 different languages.
Furthermore, they offer highly skilled forex professional to guide traders. You will find 37 instructors who will guide you throughout the week.
Surely, video tutorials will help traders to know more about trading and the platform like a written educational article.
Their Marketing Director Mr. Chris A. Zacharia said that-
“Our team put all their talent, knowledge and energy into developing video tutorials that can serve their true purpose and provide users with exactly what they require: answers. We have gone the extra mile to create an outstanding result: the XM learning tool for traders.”
Since 2013, XM has hosted free forex seminar in different parts of the world. The main target is to provide education without borders in 16 different languages.
On the other hand, algorithmic trading tools will help traders to analyze the market.
These trading tools can be used on the popular MT4 and MT5 trading platform.
Therefore, to access to the Forex signal, you have to open a Live account. Demo traders will not get the opportunity to apply signals in their trading platform.
You will get daily forex signals on
- 10 Financial Instruments
- Delivered Twice a Day (For Live Account Holders)
- Signals with Entry, Take Profit and Stop Levels
Through the economic calendar, you can follow numerous trading indicators and market movement.
It will help you to understand the price action during different events. Additionally, in the contest of economic events, traders will place their order.
To make an accurate calculation, traders will get online Forex calculator.
High Capital Risk Is Involved In Financial Trading
XM Trading Bonus And Promotion

XM broker offers different types of promotional bonus to its traders.
Traders will receive an instant welcome bonus up to $500 or 15% after opening a live account. To maximize your bonus amount, you can deposit a minimum amount of money.
After all, the bonus amount is applicable for any types of trading account. On the negative side, you can not withdraw your welcome bonus.
XM offers special seasonal bonus toward their traders. The bonuses are known as Loyalty Program.
The broker offers FREE VPS service to their traders. XM VPS will:
- Increase the speed of your trades
- Enjoy Optical Fibre Connectivity
- Accessible from any Location
- Online 24 / 7
- Ideal For EAs
- State of the Art Hardware
This is also good news for traders that you will not pay any deposit and withdraw fees to the broker.
No fees via wire transfer if the funding amount is more than $200.
High Capital Risk Is Involved In Financial Trading
XM Minimum Deposit And Methods

The minimum deposit amount depends on the account types along with the payment methods.
However, the amount is $5. You can deposit any currency which will be automatically converted to your base currency.
To be sure, traders can deposit money via electronic transfer, Credit cards, and bank wire transfer. However, they have more than 25 payment methods.
Payment will transfer instantly in your trading account.
Via wire transfer, the minimum deposit amount is $200. Via bank, it will take 2-5 business days to transfer money.
You cannot deposit your money from any third party.
To fund your account you need to log in first and then go to the Member area. Select the deposit option from the menu and select the favorable payment option.
High Capital Risk Is Involved In Financial Trading
XM Withdrawal Process
You can request for a withdrawal option via electronic payment, Credit card, and bank wire transfer. The minimum withdrawal amount is $5.
It will take 24 hours to start the processing time when you will withdraw your money via electronic payment and Credit cards.
Via Bank wire transfer, the minimum withdrawal amount is $200 and it will take 2-5 business days.
All withdrawal requests will be completed within 24 working hours.
- After login into the member, area click the withdrawal option
- Select your preferred withdrawal option
- Enter the amount you wish to cash out and then send the request
- The requested amount will be automatically deducted from your trading account.
Trading Hours
The trading hours are not the same for each zone. Traders will able to trade account to their time zone. XM platform is ready to provide service to their traders 24 hours in 5 days.
The phone trading session starts from Sunday 22:05 GMT to Friday 21:50 GMT.
After closing the desk, no one will able to execute the trade. The trading features will be there only for viewing.
Final Words
Finally, we will give you an overall idea about this broker.
There are so many brokers available in the trading market with unique features but, XM is different from all of these.
Including all features, this regulated and the award-winning broker platform will give you a transparent and fair trading environment.
Each process is easy and convenient for traders. For XM, trading size does not matter. All their clients receive the same service from them.
Over 2.5 million people choose this broker’s platform beyond anything. You can trade with auto-trading software as well as Expert Advisers.
So, open an account to enjoy their superior trading service and fulfill your trading goals.