XM is a well-regulated and trustworthy broker with great bonus system and really good trading facilities suitable for beginners and professional traders.
Trading Platform:
MT4, MT5
Max Leverage:
Forex, Crypto, Stock CFDs, Turbo Stocks, Commodities, Equity Indices, Precious Metals, Energies, Shares.
Min. deposit:
Open an account Read full review



XM is really a reliable online broker for traders of all skill levels. Its primary benefits are the high reliability of trade executions, easily manageable platforms, and no order rejection.

  • Well regulated broker
  • Flexible leverage and deposit size
  • A variety of available trading platforms
  • Good bonus system
  • Single-stock CFDs only available on the MT5 Platform

Full review

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.29% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Company background

XM Group is a group of regulated online brokers. Trading Point of Financial Instruments Ltd was established in 2009 and is regulated by the Cyprus Securities and Exchange Commission (CySEC 120/10), Trading Point of Financial Instruments Pty Ltd was established in 2015 and is regulated by the Australian Securities and Investments Commission (ASIC 443670) and XM Global Limited was established in 2017 and is regulated by the International Financial Services Commission (000261/158).


For this review, we tested XM, a standard account, plus we collected secondary information from reputable sources, as well as user-generated reviews.


XM Group is regulated by the Cyprus Securities and Exchange Commission (CySEC 120/10),  the Australian Securities and Investments Commission (ASIC 443670) and International Financial Services Commission (000261/158).

What Other Forex & CFD Websites and Customers Say about XM?

Although nowadays there is plenty of information available on every broker, this does not make it easier to take a thoughtful decision. The abundance of information can quickly become overwhelming and confuse traders rather than provide clear answers.

We’ve gone through, authoritative user-generated and broker listings/reviews websites to, hopefully, offer more clarity on the reception among its clients.

User Generated

Most of the websites of this kind offer a raw stream of consciousness by angry and happy traders alike. It is, therefore, important to keep in mind that some of the reviews will be nothing more or less than such.

Given that a lot of traders lose funds, and may go to the websites like Forex Peace Army (FPA) to complain, we aim at distinguishing, well, more subjective from less subjective reviews and offer our limited view on the situation.

Forex Peace Army (FPA)

Being one of the most trusted user-generated Forex and CFD communities, FPA is making sure to mediate communication between traders and service providers.

Non-User Generated

While reviews from non-user generated websites are usually more well-structured and in-depth, they may also fall short on the objectivity spectrum. Brokers do incentivize many third party-websites to write favourable reviews. To get the most out of the review process, make sure to check multiple sources and examine their credibility.

You can find the feedback from Elite CurrenSea’s clients on our website and in FPA. We do provide incentives to our clients to open an account with our trusted brokers, you can learn more about that in our ECS.TradersClub loyalty program.
Keeping in mind the info above, we can attest that XM reviews appear to be mostly positive with only a few minor discrepancies from lesser-known and sometimes suspicious websites.

Customer Service

Overall experience with XM customer service was positive. Personal Account Managers are at both demo/real account clients’ disposal via live chat, by telephone or by email in over 14 languages, assisting them with professional support 24 hours on 5 business days.

Account Types and Execution

XM Group offers its clients 4 types of accounts: MICRO, STANDARD, ZERO and ULTRA LOW with low spreads. The MICRO account allows you to operate with micro lots, a lower level of risk and it has a minimum initial deposit of $5. The STANDARD account allows you to operate with standard lots and it has a minimum initial deposit of $5. The XM ZERO account allows you to operate with standard lots, lower spreads starting at 0 pips and it has a minimum initial deposit of $100. XM ZERO account has a $3.5 commission per $100,000 traded. Finally, the XM ULTRA LOW account allows you to trade with either micro or standard lots, lower spreads starting from 0.6 pips and it has a minimum initial deposit of $50.
XM Zero and XM Ultra-Low accounts are not applicable to all entities of the Group.

Also, there is a $5 dormant fee after 3 months of inactivity, then $5 each following month.

Also, keep in mind that the available leverage depends on the entity of the Group. For clients registered under the EU regulated
entity of the Group, the maximum leverage is limited by default to 1:30, because of ESMA regulations.

XM Group 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.

Products/CFD Portfolio

Product XM AxiTrader LCG Markets.com
CFDs on Forex 888:1* 1:400 1:500 1:300
CFDs on Commodities 888:1* 1:400 1:200 1:200
CFDs on Indices 888:1* 1:400 1:500 1:150

*This Leverage does not apply to all the entities of the Group. Leverage depends on the financial instrument


A total of 55+ currency pairs are available, ranging from major to minor and some exotic pairs as well.


As of 2018, you can find around 30 indices to trade as CFDs. This includes the largest stock markets and indices.


Traders are able to trade traditional commodities such as Metals (Gold, Palladium, Platinum, Silver) and Energies (WTI, Natural Gas, Brent).

Payment methods

There are a variety of ways of depositing and withdrawing cash from your XM account. XM Group accepts the most commonly used Local Payment Methods today including Credit/Debit Card, Neteller, Skrill, Bank Wire Transfer, etc.

The account funding process is normally open 24 hours a day and it is fully automatic. XM also covers all the fund transfer fees and does not include any hidden fees or commissions for funds deposits.


Both demo and real account XM clients can trade on as many as 16 trading platforms that support market, limit, stop and trailing orders, and are directly accessible from 1 account.  This speeds up trading operations and gives traders great flexibility to trade from anywhere and at any time with ease. At XM the multi-award winning platform MetaTrader 4 works with an unlimited number of demo and real accounts, and Expert Advisors (EAs) are also supported.

The available trading software is as follows: MT4 Terminal; MT5; MT4 for Mac; Web Trader. XM Group has multiple account holders with unlimited use of charts and EAs.

You can also benefit from premium trading tools and trading community access (available for MT4) with up to 25% discount if you join XM via Elite CurrenSea. Just register an account with both Elite CurrenSea (choose XM as your broker) and XM using our link or contacting your account manager and let them know that you are coming via the Elite CurrenSea website.

Traders should still be well-equipped to trade with Elite CurrenSea’s Wizz, Camarilla indicators and SWAT or CAMMACD tools (available with a 25% discount to our clients).

Mobile Trading

XM also fulfils the needs of investors who prefer mobile trading on smartphones and tablets: the XM MT4/MT5 mobile applications for Apple and Android enable full trading account functionality and seamless trading from anywhere and at any time.

 XM Competitions

  • Beginner and professional traders can compete among each other, test out their trading skills and stand a chance to win exciting rewards and prizes.
  • Traders can get the chance to be on top of the leaderboard, build their portfolio and assemble their own followers.
  • There are daily, weekly, and monthly competitions for traders to participate in – each competition has different total prize pool, tiers of rewards, and terms and conditions
  • Champion traders can get the chance to win a funded account and be a Strategy Manager

XM Copy Trading

  • Traders can follow the strategies of the experts and copy their trades but it is up to their own risks.
  • They also can view the performance of some of our most profitable traders and browse through it.
  • Traders can choose to be either an Investor or Strategy Manager for this Copy Trading.
  • As an Investor, traders can choose the strategies they want to follow and decide how much to invest in each. This benefits new traders as it allows them to participate in the markets while enhancing their trading education and developing their own strategies.
  • As a Strategy Manager, traders create their own strategies and share them with the community. Traders then can earn up to 50% profit share on any profits from the other traders copying their strategies.

Research, Education & Analysis

The XM Research and Education Center provides a full range of up-to-date marketing and educational tools essential for profitable trading:

  • Market Analysis
  • Forex & Stocks News
  • Economic Calendar
  • Free Trading Signals
  • Weekly trading webinars
  • Forex calculator
  • Video Tutorials

Tools and materials are available in over 20 languages. It helps clients stay informed about the global markets and enhance their trading skills on a regular basis.

Last but not least, don’t forget that you can open up an account with XM and get a 25% discount on Elite CurrenSea tradings systems and tools.

Special advantages

XM also offers a unique bonus system. There are available special advantages on broker’s trading platforms:

  • The welcome bonus gives you $ 30 for a start. All you need is to be a new customer on the page and to have made your registration. Clients registered under Trading Point of Financial Instruments Ltd are not eligible for this bonus. This bonus will also depend on the client’s country of residence.
  • The two-tier deposit bonus offers a 50% deposit bonus up to $500 and a 20% deposit bonus up to $5,000. Clients registered under Trading Point of Financial Instruments Ltd are not eligible for this bonus. This bonus will also depend on the client’s country of residence.
  • The XM Loyalty Program offers the clients XM Points (XMP) per lot traded. This XMP can be redeemed at any time for a credit bonus which can be used for trading purposes only. Clients registered under Trading Point of Financial Instruments Ltd are not eligible for this bonus.
  • Free VPS services 24/7
  • No commission or fee for withdrawal or deposit

Fly or Frie Verdict

XM Group is a popular online broker for traders of all skill levels. Its primary benefits are the high reliability of trade executions, high leverage, easily manageable platforms, no order rejection and, of course, a unique bonus system.

Traders looking for a well-regulated MetaTrader broker offering both MT4 and MT5 choose XM for its range of markets and competitive pricing.

Research done by Chris Svorcik and Nenad Kerkez Co-founders of Elite CurrenSea, Nenad and Chris are award-winning traders with over 10 years of technical analysis and teaching experience. They also offer education and technical analysis on top industry websites and constantly work on their proprietary trading system based on wave analysis ecs.SWAT  and technical analysis ecs.CAMMACD.

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