XM Markets Review
XM Group is a MetaTrader-only broker that offers an outstanding selection of high-quality educational content and market research.
That said, XM falls behind with its limited pricing, range of markets, and platform offering — none of which can compete with the best brokers in this space.
XM Pros & Cons
Pros
Offers 1,429 CFDs, including 55 forex pairs
Trading Central's tools and content complement XM Group's in-house research offering
The XM Shares account requires a $10,000 deposit if you want exchange- traded securities (non-CFD)
Excellent research content, including daily videos, podcasts, and organized articles
XM Group's in-house broadcasting features TV-quality video content and live recordings
Comprehensive selection of educational webinars, articles, and T Tradepedia courses
Offers the full MetaTrader suite — which features signals market for copy trading, along with Analyzzer algorithm
Offers guaranteed fills for market, stop-loss, and limit orders on trades up to 50 lots (5 million units of currency)
XM has serviced over 10 million clients since its inception, executing over 2.4 billion trades since 2009.
Cons
Standard account spreads are expensive compared to industry leaders
Average spreads are not published for the commission-based XM Zero account
Though MetaTrader is available, XM Group doesn't offer any proprietary trading platforms
Overview
Type of BrokerNon-Advisory/Executionary Broker (ECN/STP)
Regulation & LicensingCyprus Securities and Exchange Commission Australian Securities and Investments Commission, Financial Services Authority (St Vincent & the Grenadines)
Clients Accepted from 190 countries around the world
Assets Offered Foreign Exchange, Commodities, Indices, Shares, Bonds, Futures, Cryptocurrencies
Platforms AvailableMetaTrader 4, MetaTrader 5, cTrader, AutoTrade (Myfxbook), ZuluTrade
Mobile Compatibility Android and iOS
Payment Types Accepted MasterCard, Visa, American Express, Discover, Diner's Club, China Union Pay, and JCB credit cards, as well as all debit cards
XM Account Types
Features
Raw Spread Account
Standard Account
Account Currencies
AUD, USD, EUR, GBP, SGD, JPY, CHF, NZD, CAD
AUD, USD, EUR, GBP, SGD, JPY, CHF, NZD, CAD
Available Leverage
500:1
500:1
Minimum Deposit
$100
$100
Starting Spreads
0.61 Pips
0.92 Pips
Commission Per Trade
$3.5
$3.5
Min. Lot Size Per Trade
0.01
0.01
Max Lot Size Per Trade
200
200
Demo Account
Yes
Yes
Swap/Rollover Free Option
Swap-Free Islamic Account
Swap-Free Islamic Account
Copy Trading Support
Yes
Yes
XM Compliance & Regulation
XM Global Limited, authorised and regulated by the Financial Services Commission (FSC) (license number 000261/397) and Trading Point of Financial Instruments Limited, authorised and regulated by Cyprus Securities and Exchange Commission (CySEC) (licence number 120/10), are members of Trading Point Group.
Risk Warning: Forex and CFD trading involves a significant risk to your invested capital. Please read and ensure you fully understand our Risk Disclosure.
Restricted Regions: XM Global Limited does not provide services for the residents of certain countries, such as the United States of America, Canada, Israel and the Islamic Republic of Iran.
XM does not direct its website and services to any individual in any country in which the use of its website and services are prohibited by local laws or regulations. When accessing this website from a country in which its use may or may not be prohibited, it is the user's responsibility to ensure that any use of the website or services adhere to local laws or regulations. XM does not affirm that the information on its website is suitable to all jurisdictions.