XM.com Review

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

XM PROS & CONS

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.

• Only for entry-level traders

• Not good for automated trading

• Expensive spreads and overnight fees

◙ Forex Broker Review: XM

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