

XM
Pros
Regulated Broker
Great Educational Material
Awarded Customer Service
Cons
None
XM Details
Languages
Table of contents
XM is the brand name of Trading Point Holdings Limited. They own four subsidiaries, each with their own license.
In Cyprus, XM is licensed by CySEC. This regulatory body is authorized to work by the governing laws of Cyprus when investigating broker firms. CySEC covers its clients' funds with the ICF which permits for a compensation of up to €20 000 to be paid to traders in case the broker fails to pay its dues.
In Australia, XM is certified by ASIC. As most regulatory bodies do, ASIC aims to enforce laws concerning the financial markets, and strives to deliver good investment environment.
XM is also regulated in Belize by their respective body: the Financial Services Commission (FSC). Their main goal is to promote Belize as a financial offshore center while also providing the appropriate regulatory measures to support said endeavor.
XM MENA, operating in the Middle East, is regulated by Dubai Financial Services Authority (DFSA).
Spreads for Standard Accounts can go as low as 1 pips, 0.6 for Ultra Low and 0 pips for the XM Zero account. The leverage can go as high as 1:1000. However, for clients registered under EU, AU and Dubai regulated entities, the leverage is limited to 1:30.
XM provides a rich choice of assets, making sure that almost every taste is met accordingly. These are: forex CFDs, commodities CFDs, equity indices CFDs, precious metals CFDs and energies CFDs. Please note that the products, services and features advertised here vary between the XM entities. For further information, please visit the XM website.
Expanding XM even further is the baffling volume of languages available: English, Greek, Simplified Chinese, Traditional Chinese, Bahasa Malay, Bahasa Indonesia, Korean, Russian, French, Spanish, Italian, German, Polish, Hindi, Arabic, Portuguese, Czech, Slovakian, Bulgarian, Romanian, Bengali, Urdu, Thai, Nepali, Tagalog, Vietnamese, Cebuano and Serbian.
XM LOGIN
The inclusion of the two most popular trading platforms- MT4 and MT5- is not surprising.
METATRADER 4
MT4 is always a good reminder of just how far the industry has gotten. This platform holds the popularity title for many a reason: advanced charting tools, custom indicators, Expert Advisors and more. MT4’s VPS allow for seamless automated trading at all times, uninterrupted by computer failures, sudden power cuts or connectivity issues.
Spreads for Standard Accounts can go as low as 1 pips, 0.6 for Ultra Low and 0 pips for the XM Zero account. Clients registered under EU, AU and Dubai regulated entities are limited to a leverage no bigger than 1:30. Clients registered under XM Global regulated by FSC can choose a leverage of 1000:1.
XM Zero Account holders will be charged by $3.5 per side (7$ round turn) for every standard lot ($100 000). XM Zero Account is not available in all XM entities. For further information, please visit XM website.
Besides the desktop version of MT4, there is also a neat web based alternative (no trading bots though). Get direct access to MT4 on virtually any device (mobile or tablet) operating with an Android or iOS operating system.
METATRADER 5
Offering more in pure quantity than MT4, MT5 has still a hard time replacing its predecessor mostly due to the fact that MT4 is universal, and essentially used by every online broker. Nevertheless, MT5 allows for full Expert Advisor support, has a built in economic calendar, more pending orders are available, has increased time-frames, and much more. Virtual Private Servers can be utilized as well.
The spread has not changed: with Standard account it is 1.6 pips for EUR/USD. By adding the commission to the 0.1 pip spread for XM Zero, account holder will get an actual spread starting from 0.8 pips.
For EU, AU and Dubai regulated entities the leverage has been set to 30:1 max. Clients registered under XM Global Limited are not bound by this rule and can be afforded a maximum leverage of 1000:1.
The means of access to MT5 are various: desktop, web based platform, iOS and Android apps.
XM MINIMUM DEPOSIT
The minimum deposit is $5 for all account types.
The broker purposefully retains payment methods information from non-deposited traders. From what we gathered, after extensive digging in the website and long customer support chat sessions, XM Group is accepting multiple local payment methods including Credit/Debit Card, Skrill, Bank Wire Transfer, etc. The full list of payment methods can be seen in user’s Member’s Area once an account is registered.
The base currencies at XM are: EUR, USD, GBP, JPY, CHF, AUD, HUF, PLN, SGD, ZAR, THB. Please note that base currencies vary between XM entities. For further information, please refer to XM website.
Wire Transfer users will have to wait 2-5 days for their XM accounts to be funded. Card methods and eWallet deposits are instant.
The broker offers free of charge deposits for all methods except those made by Wire Transfer. If such is the case anything below a $200 (or other currency) will be billed with a fee by the broker.
XM WITHDRAWAL TIME AND FEES
CySEC regulations guarantee that all withdrawals will be safe and secure.
As mentioned above, payment methods are vague and unspecified unless you open an account. What we got from our own research is that XM Group is accepting multiple local payment methods including Credit/Debit Card, Skrill, Bank Wire Transfer, etc.
All withdrawals are processed within 24 hours. Users of any eWallet methods will receive their money on the same day the request has been processed, while Wire Transfer and credit/debit card user will have to wait 2-5 working days.
The minimum withdrawal amount is $5. However the amount does vary depending on the payment methods. And as specified, without an account you cannot see all available methods of payment.
XM covers the fee for Wire Transfer for 200$ withdrawal and above. Anything below will not be covered by XM and can be burdened with a fee by the client’s bank of choice. All other withdrawal methods are free of fees.
BOTTOM LINE
XM is massive in both quantity and quality. The regulations mean business, but also security for clients, while the amount of content is, quite frankly, impressive to say the least.
However, some disadvantages could be the commission. In XM’s case it’s the commission for XM Zero account holders, and the withheld information on deposits and withdrawals.
XM compared to other brands
Brand
Rating
Bonus
Min Deposit
Company
Country

XM
-
$5
Cyprus, Australia, Belize, United Arab Emirates, South Africa

ForexTime
Copy trading
$10
United Kingdom, Cyprus, South Africa, Mauritius

OctaFX
50% Bonus
$50
Cyprus, Saint Vincent and the Grenadines