Home -
knowledge -
XM -
Introduction -

WikiFX Express

Exness
EC Markets
TMGM
XM
FOREX.com
FXTM
AvaTrade
FXCM
IC Markets Global
Eightcap

Previous Post

FxBit Trade

Next

TP Trades-Overview of Minimum Deposit, Spreads & Leverage

XM Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-06-04 17:01

Abstract:  XM is a Forex and CFD broker registered in Cyprus and regulated by several internationally renowned financial authorities, including CySEC, DFSA, and FSC (Offshore). It offers 1,400+ tradable instruments, including forex, commodities, precious metals, shares, Turbo stocks, equity indices, energies, and thematic indices via the MT4, MT5 and the XM App.

Quick XM Review Summary
Founded2009
RegisteredCyprus
RegulationCySEC, DFSA, FSC (Belize)
Market instruments1,400+, forex, commodities, precious metals, shares, Turbo stocks, equity indices, energies, thematic indices
Demo Account✅ (30 days)
Account TypeStandard, Ultra Low, Shares
Min Deposit$5
Max leverage1:1000
SpreadFrom 0.8 pips
Trading PlatformMT4/5, XM App
Copy Trading✅
Payment MethodsCredit/debit cards, bank transfers, e-wallets(May vary depending on the country of registration)
Customer SupportEmails, Live Chats, Telegram, and Telephone
Tel:+357 25029933
Regional RestrictionsThe United States of America, Canada, Argentina, Israel and the Islamic Republic of Iran
Bonus20% deposit bonus up to $2,000(No bonus offered under the entity regulated by CySEC in Europe)

  Disclaimer: The XM Group operates globally under various entities. Products, services, and features listed in this page vary between XM entities. For further information, please visit the XM website.

XM General Information

  XM is a group of regulated companies, headquartered in Cyprus. The entities of the XM Group are regulated by several internationally renowned financial authorities, including CySEC, DFSA, and FSC (Belize). It offers 1,400+ tradable instruments, including forex, commodities, precious metals, shares, Turbo stocks, equity indices, energies, and thematic indices via the MT4, MT5 and the XM App.

XM's homepage

Pros and Cons of XM

  Pros:

  • 1,400+ financial instruments to choose from
  • Popular platforms - MT4 and MT5
  • Demo account available to practice
  • Rich educational resources such as market analysis, economic calendars and courses
  • Live chat support

  Cons:

  • The $10,000 minimum deposit for the Shares account may be prohibitive for some traders
  • Commissions are applied to the Shares account
  • No bonus offered under the entity regulated by CySEC in Europe

Is XM Legit?

  Regulation is a key dimension to consider when choosing a forex broker, as it offers some protection to the client in terms of security of funds, transparency and fairness of operations. XM is a Belize-registered company and regulated by several major regulatory bodies, including CySEC, DFSA, and FSC (Belize).

Regulated CountryRegulated AuthorityCurrent StatusRegulated EntityLicense TypeLicense Number
Cyprus
CYSECRegulatedTrading Point of Financial Instruments LtdMarket Making (MM)120/10
UAE
DFSARegulatedTrading Point MENA LimitedRetail Forex LicenseF003484
Belize
FSCOffshore RegulatedXM Global LimitedRetail Forex License000261/397

  Multi-entity regulation provides greater customer protection, as it means that the broker is subject to multiple sets of regulations and standards. In addition, this can enhance the broker's reputation in the industry.

Regulated by CySEC
Regulated by DFSA
Offshore regulated by FSC

Market Instruments

  XM offers its traders a wide variety of over 1,400 financial instruments, including forex, commodities, precious metals, shares, Turbo stocks, equity indices, energies, and ematic indices. This variety allows traders to diversify their portfolios and take advantage of different markets to implement different trading strategies.

Asset ClassSupported
Forex✔
Commodities✔
Precious metals✔
Shares✔
Turbo stocks✔
Equity indices✔
Energies✔
Thematic indices✔
Cryptocurrencies❌
Bonds❌
Options❌
ETFs❌

  Traders also have the flexibility to choose from a wide range of financial instruments and select the ones that best suit their trading preferences and objectives. However, for some new or inexperienced traders, the variety of financial instruments can be overwhelming, and some instruments may have limited liquidity, which can make trading them difficult.

Market Instruments

Trading Accounts

  XM offers four types of trading accounts targeting different investment levels. The Standard and Ultra Low accounts have only $5 minimum deposit and no commissions are charged. The Shares account has a minimum deposit of $10,000 and a commission is charged. No leverage is offered on the Shares account, which means investors must invest the full amount of their trade. In general, XM offers account options for different investment levels.

Trading Accounts

  The XM demo account is an excellent tool for novice traders or those who wish to test new trading strategies without risking their capital. The demo account comes with a virtual trading platform that replicates live trading conditions and can be accessed from any device. Traders can practice their trading skills and familiarize themselves with the financial instruments available at XM without having to risk their money.

How to Open an Account with XM?

  XM, is a broker, which has an account opening with a minimum deposit of $5. Below are the steps to follow for opening an XM Broker account:

  Step 1: Register

  Click on ‘Get Started’. Enter your personal details and check your email for verification.

Click on Get Started

  Step 2: Upload Documents

  Complete your Personal Details, Financial Information and Investor Details to complete registration.

  Step 3: Fund and Choose Platform

  Upload your Proof of Identity and Proof of Address to complete verification.

Leverage

  Leverage is an important tool in Forex trading that allows traders to have greater exposure to the market with limited capital. At XM, the maximum leverage offered is 1:1000, which means that for every $1 of capital, the trader can control up to $1000 in the market. This can be attractive to traders looking to maximize their profits with less capital.

Spreads and Commissions

  In terms of spreads and commissions, XM offers low spreads on the first two commission-free accounts. However, during periods of high volatility, spreads may be higher.

Trading Platform

  XM offers its clients a flexible selection of trading platforms, including the popular MT4 platform and its successor, MT5.In addition, the company has also developed its own custom trading platform - XM App for those looking for something different.

  All platforms offer a wide variety of technical indicators, analysis tools and customization possibilities. Beginners may also find the MT4 and MT5 learning curve steep, although the customization possibilities and variety of analysis tools may make it worth the effort.

  XM also offers a series of instructional videos, such as this one from its YouTube channel, on how to open an account using MT4.

Trading Platform

Copy Trading

  XM also offers popular copy trading solutions. This solution is particularly beneficial for beginners and less experienced traders who seek to leverage the expertise of successful investors. Through this platform, users can replicate the trades of seasoned professionals, benefiting from their market insights and strategies.

  This approach allows novice traders to participate in the markets more confidently while simultaneously learning from the decisions of experienced traders. XM's copy trading feature thus serves as both a learning tool and a means for less experienced individuals to potentially improve their trading outcomes.

Copy Trading

Deposit and Withdrawal: Methods and Fees

  For all other account types, the minimum is $5.Most account types support currencies like USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, SGD, ZAR, while the Shares account can be only deposit in USD. XM support various payment methods, including credit and debit cards, bank transfers, e-wallets, and many more.

Payment methods

Promotions

  XM provides a tiered deposit bonus structure. New depositors can benefit from a 20% bonus on deposits up to $2,000.

  For those seeking a competitive edge, XM hosts both demo and real account trading competitions. These contests offer participants the chance to win substantial cash prizes without any entry fee. Open to traders of all experience levels, these competitions provide an excellent platform to test strategies, gauge performance against peers, and potentially earn rewards.

Promotions

XM Educational Resources

  XM offers a comprehensive suite of research and educational resources designed to support traders at all levels.

XM Educational Resources

  The Learning Center at XM is structured to cater to various learning preferences. XM Live and Live Education sessions offer real-time interaction with experts, complemented by a regularly updated schedule of events. For self-paced learning, traders can access a library of Educational Videos, Forex & CFDs Webinars, and Platform Tutorials. These resources cover a wide range of topics, from basic concepts to advanced trading strategies.

XM live education schedule

  To round out their offerings, XM provides a selection of practical tools to assist in day-to-day trading activities. This includes a set of Trading Tools, integration with MQL5 for custom indicators and expert advisors, and Forex Calculators for quick and accurate trade planning.

Trading tools

Conclusion

  Overall, XM is a well-regulated and secure company that offers a wide range of financial instruments and a good variety of accounts. Its focus on customer education and multilingual support is also a big plus. Disadvantages include floating spreads that can be higher than the competition. Overall, XM is a good choice for those looking for a regulated broker with a wide range of products and customer support services.

Frequently Asked Questions (FAQs)

  Is XM legit?

  Yes, XM is regulated by multiple agencies such as CySEC, DFSA, and FSC (Belize).

  What is the minimum deposit required to open an XM account?

  The minimum deposit required for the first two accounts (Standard account and Ultra Low account) is $5, while for the Shares account it is $10,000.

  What trading platforms does XM offer?

  XM offers the most popular trading platforms in the industry: MT4 and MT5, as well as its own mobile application.

  What is the maximum leverage offered by XM?

  The maximum leverage offered by XM is 1:1000.

  Does XM offer a demo account?

  Yes, XM offers a 30-day demo account for clients to practice without risking their own money.

Related broker

Regulated
XM
Company name:TRADING.COM MARKETS UK LIMITED
Score
9.03
Website:https://www.xmforexcn.technology/gw.php?gid=146696
10-15 years | Regulated in Australia | Regulated in Cyprus | Regulated in Belize
Score
9.03

Latest News

How much money will you earn by investing in Vantage Broker?

WikiFX
2025-06-05 14:15

IronFX vs Exness Review 2025: Comprehensive Broker Comparison

WikiFX
2025-06-05 16:31

Fraudsters Are Targeting Interactive Brokers' Users with Lookalike Emails

WikiFX
2025-06-05 17:34

Everything you need to know about ADSS

WikiFX
2025-06-05 16:55

SkyLine Guide 2025 Malaysia: 100 Esteemed Judges Successfully Assembled

WikiFX
2025-06-06 10:42

​Vantage Markets Review 2025: Trusted Forex and CFD Trading Since 2009

WikiFX
2025-06-06 11:53

Top Tips to Choose the Best Forex Broker in 2025

WikiFX
2025-06-05 19:31

SEBI Notifies New F&O Rules for Investors - New Derivative Trading Limits & More Amendments

WikiFX
2025-06-05 17:29

Interactive Brokers: Global Office Visits and Licensing Details

WikiFX
2025-06-05 17:37

U.S. Jobs Data Released: A Potential Boost for Gold Prices

WikiFX
2025-06-05 21:48

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

Akita

GE GROUP

BelightFx

Ace Forex

CBF

SHARPS PIXLEY

Teyler

Pi Capital Market

NexGen

Anto Global