XM review
Trust 8.4/10Global broker with multi-jurisdictional licensing (CySEC, ASIC, FSCA, FSC-Belize, IFSC). Strong cTrader and MT4/MT5 offering, low minimum deposits, and broad product range.
ASIC
CySEC
DFSA
FSCA
FSC-Belize
HQ Cyprus
Est. 2009
Segregated client funds. Affiliate link — supports the site at no cost to you.
Important Notice
From 20 June 2025, the Monetary Authority of Singapore directed Internet Service Providers to block XM's website for Singapore residents. XM was found offering leveraged trading without a Capital Markets Services licence. Singapore residents are no longer able to open new XM accounts. Additionally, UK visitors are redirected to Trading.com (a separate XM Group entity); XM does not directly accept UK retail clients. Other regions (AU, EU, MY) remain serviced.
At a glance
Min deposit
$5
Max leverage
1:1000
EUR/USD spread
0.70 pips
Commission
$0.00/lot
Pros
- $5 minimum deposit
- Negative balance protection
- Strong educational content
- Available in 190+ countries
- Active copy trading marketplace
Cons
- No cTrader or TradingView
- Standard account spreads above ECN peers
- No US clients
Account types
| Account | Available | Best for |
|---|---|---|
| Raw / ECN spread | Scalpers, algo traders, high-volume | |
| Standard | All-in spreads, simpler costs | |
| Swap-free / Islamic | Swing traders, religious requirements |
Platform support
| Platform | Supported |
|---|---|
| cTrader | |
| MetaTrader 4 | |
| MetaTrader 5 | |
| TradingView | |
| Proprietary |
Trading costs
| Item | Value |
|---|---|
| EUR/USD avg spread | 0.70 pips |
| Commission per standard lot | $0.00 round-trip |
| Swap fees competitive? | |
| Withdrawal speed | 24 hours |
| Deposit methods | Bank Wire, Credit/Debit Card, Skrill, Neteller |
| Base currencies | USD, EUR, GBP, AUD, JPY, SGD |
Best for
Beginners
Day traders
Copy traders