XM Broker

Rating: 4.5 / 5

XM offers traders more than 1,000 competitively priced assets, excellent leverage, trading bonuses, plus a loyalty program and an upgraded MT4/MT5 trading platform. Should you take advantage of the trading environment at XM? Are there any pitfalls worth considering first? I set out a detailed researched review below to help you decide.

XM Broker Website Screenshot

Broker Details

Headquarters
Cyprus
Established
2009
Min Deposit
$5
Execution
Market Maker
Regulators
ASIC, CySEC, DFSA, FSC Belize

Trading Costs & Spreads

EUR/USD
0.1 pips
GBP/USD
0.2 pips
Gold
$0.19
WTI Crude
$0.05

Platform & Features

Trading Platforms
MetaTrader 4, MetaTrader 5, Proprietary platform

Pros

  • Outstanding trading tools and loyalty program
  • Low minimum deposit, high leverage*, and competitive trading cost
  • Excellent research and education
  • Trustworthy and transparent with generous bonuses and incentives

Cons

  • Inactivity fee

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