Forex Broker Review: XM.com
XM Forex Broker Review
Company Overview
- Company Name: XM is the brand name of Trading Point Financial Instruments Ltd.
- Regulation: XM is officially licensed and regulated by:
- CySEC (Cyprus): License No. 120/10
- ASIC (Australia): License No. 443670
- FCA (UK): License No. 705428
- Founded: 2009
- Online Since: 2009
- Accepts US Clients? No
- Islamic (Swap-Free) Accounts? Yes
- Order Execution Type: Dealing Desk (but no re-quotes)
Trading Details
- Time Zone: GMT+2
- Typical EUR/USD Spread: 1.6 pips
- Maximum Leverage: 30:1 (for most regions)
- Minimum Trade Size:
- Micro Accounts: as low as 0.0001 lots
- Executive Accounts: start from 0.1 lots
- Scalping Allowed? Yes
- Hedging Allowed? Yes
- Automated Trading? Yes, via XM Mirror Trader
- Minimum Deposit: $5
- Available Account Currencies: USD, EUR, GBP, JPY, CHF
- Deposit Methods:
- Bank transfer (2–5 business days)
- Credit/Debit cards (almost instant)
- E-wallets (2–5 business days)
Available Forex Pairs
XM offers 53 currency pairs, including:
EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CAD, EUR/GBP, EUR/JPY, GBP/JPY, and more.
Trading Platforms
- Languages Supported: English, French, Spanish, Arabic, Chinese, Japanese, Turkish, and many more (over 20 total)
Available Platforms:
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
- XM WebTrader
Trading Signals? Yes
XM Accounts
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XM ACCOUNTS |
MICRO |
STANDARD |
EXECUTIVE |
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Trading Contract size (lot) |
1,000 |
100,000 |
100,000 |
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Minimum Initial deposit |
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|
|
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Maximum Leverage |
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|
|
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Minimum Spread (EUR/USD) |
1 pip |
1 pip |
1 pip |
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Trading Commission |
No |
No |
No |
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Lot restriction per ticket |
100 lots |
50 lots |
50 lots |
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Hedging / Scalping allowed |
Yes |
Yes |
Yes |
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Islamic Account |
Yes |
Yes |
Yes |
XM PROS & CONS
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XM PROS |
XM CONS |
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√ Regulated Forex Broker ( CySEC, MiFID) |
X Dealing Desk |
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√ Many Trading Platforms |
x High Spreads & Swaps |
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√ Wide variety of funding options |
x Not good for automated trading |
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√ Wide variety of trading assets (53 Forex pairs, CFDs, Commodities, etc) |
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√ No Withdrawal or other Fees |
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XM.com Final Verdict
XM is a regulated market-maker offering a wide range of financial-traded assets. They offer user-friendly platforms and several account types with flexible deposit options. While it may not be perfect for algorithmic or automated trading, it stands out for fast execution and a variety of tools. It is suitable for beginners and semi-advanced traders.
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Only for entry-level traders
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Not good for automated trading
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Expensive spreads and overnight fees
◙ Forex Broker Review: XM
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