This website uses cookies.

We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you’ve provided to them or that they’ve collected from your use of their services.


For more details on how we handle cookies and personal data, please review our Privacy policy.


Cookies are small text files that can be used by websites to make a user's experience more efficient.

The law states that we can store cookies on your device if they are strictly necessary for the operation of this site. For all other types of cookies we need your permission.

This site uses different types of cookies. Some cookies are placed by third party services that appear on our pages.

You can at any time change or withdraw your consent from the Cookie Declaration on our website.

Learn more about who we are, how you can contact us and how we process personal data in our Privacy Policy.

Please state your consent ID and date when you contact us regarding your consent.

Your consent applies to the following domains: choosefxbroker.com

Your current state: Deny. 

Cookie declaration last updated on 12/24/24 by Cookiebot:

Necessary (1)

Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. The website cannot function properly without these cookies.

Name Provider Purpose Maximum Storage Duration Type
CookieConsent choosefxbroker.com Stores the user's cookie consent state for the current domain 1 year HTTP Cookie

Marketing (2)

Marketing cookies are used to track visitors across websites. The intention is to display ads that are relevant and engaging for the individual user and thereby more valuable for publishers and third party advertisers.

Name Provider Purpose Maximum Storage Duration Type
_ga Google Used to send data to Google Analytics about the visitor's device and behavior. Tracks the visitor across devices and marketing channels. 2 years HTTP Cookie
_ga_# Google Used to send data to Google Analytics about the visitor's device and behavior. Tracks the visitor across devices and marketing channels. 2 years HTTP Cookie

Unclassified (3)

Unclassified cookies are cookies that we are in the process of classifying, together with the providers of individual cookies.

Name Provider Purpose Maximum Storage Duration Type
brokersData choosefxbroker.com Pending Persistent HTML Local Storage
cached_articles choosefxbroker.com Pending Persistent HTML Local Storage
cached_articles_expiry choosefxbroker.com Pending Persistent HTML Local Storage

ChooseFxBroker

XM

XM Review 2025

4.5 / 5.0
Since 2009
Visit XM

Company Overview

Founded
2009
Location
Limassol, Cyprus
Regulation
Regulated by multiple authorities: - CySEC (Cyprus Securities and Exchange Commission), License No. 120/10  - ASIC (Australian Securities and Investments Commission), License No. 443670  - FSC (Belize Financial Services Commission), License No. 000261/397  - DFSA (Dubai Financial Services Authority)  - FSCA (Financial Sector Conduct Authority, South Africa) 

XM Full Review 2025

Since its inception in 2009, XM has grown into a powerhouse broker serving over 10 million traders across 190+ countries. With its headquarters in Cyprus and robust regulatory framework, XM has established itself as a trusted name in the forex and CFD trading space.

Core Trading Specifications

  • Minimum Deposit: $5
  • Spreads Starting From: 0.6 pips
  • Maximum Leverage: 1:1000 (restrictions apply for EU/AU clients)
  • Trading Platforms: MT4, MT5, WebTrader
  • Available Assets: 1000+ instruments
  • Average Execution Speed: 364.5ms

Regulatory Framework

XM operates under strict regulatory oversight from multiple tier-1 authorities:

  • ASIC (Australian Securities and Investments Commission)
  • CySEC (Cyprus Securities and Exchange Commission)
  • FSC (Financial Services Commission)
  • DFSA (Dubai Financial Services Authority)

Account Types

Micro Account

  • Minimum deposit: $5
  • Spreads from 1.0 pips
  • No commission structure
  • Ideal for beginners
  • Maximum leverage 1:1000

Standard Account

  • Minimum deposit: $5
  • Market execution
  • Competitive spreads
  • No commission
  • Full EA compatibility

Ultra-Low Account

  • Starting deposit: $5
  • Spreads from 0.6 pips
  • Enhanced execution speed
  • Professional trading conditions
  • Advanced trading tools

Shares Account

  • Stock-focused trading
  • Commission-based structure
  • Direct market access
  • Comprehensive analysis tools

Trading Platforms

MetaTrader 4 & 5 Features

  • Advanced charting capabilities
  • 50+ built-in indicators
  • Custom indicator support
  • Automated trading capability
  • Mobile trading apps
  • Multi-terminal support

WebTrader Platform

  • Browser-based trading
  • No download required
  • Real-time synchronization
  • Full functionality access
  • Mobile compatibility

Cost Structure

Trading Costs

  • Spreads: From 0.6 pips (Ultra-Low Account)
  • Commissions: Zero on standard accounts
  • Overnight Fees: Competitive swap rates
  • Withdrawal Fee: $15 (amounts under $200)
  • Deposit Fees: None

Educational Resources

Training Materials

  • Comprehensive webinar series
  • Video tutorial library
  • Trading courses (beginner to advanced)
  • Daily market analysis
  • Economic calendar
  • Technical analysis tools

Payment Processing

Supported Methods:

  • Credit/Debit cards
  • Bank wire transfers
  • E-wallets (Skrill, Neteller)
  • Local payment solutions
  • Cryptocurrency transfers

Customer Support

  • 24/7 Live Chat
  • Multilingual Phone Support
  • Email Assistance
  • Personal Account Managers
  • Regional Support Centers

Trading Tools

  • Avramis Indicators Suite
  • Economic Calendar
  • Trading Signals
  • VPS Hosting (free for $5,000+ accounts)
  • Technical Analysis Tools
  • Risk Management Tools

Advantages and Disadvantages

Advantages

  1. Strong Regulatory Compliance
    • Multiple tier-1 regulators
    • Segregated client funds
    • Negative balance protection
  3. Accessible Trading
    • Low $5 minimum deposit
    • Multiple account types
    • Competitive cost structure
  5. Comprehensive Education
    • Extensive learning resources
    • Regular market updates
    • Professional analysis tools
  7. Technical Excellence
    • Fast execution speeds
    • Advanced trading tools
    • Reliable platform performance

Disadvantages

  1. Platform Limitations
    • Only MT4/MT5 available
    • No proprietary platform
    • Limited social trading features
  3. Cost Considerations
    • Withdrawal fees under $200
    • Higher spreads on standard accounts
    • Complex bonus restrictions
  5. Service Restrictions
    • No US clients accepted
    • Limited weekend support
    • Complex verification process
  7. Trading Limitations
    • Restricted leverage in certain regions
    • Limited cryptocurrency pairs
    • No fixed spreads option

Trading Conditions

Minimum Deposit
$5 for Micro and Standard accounts; higher minimums may apply for other account types. 
Trade Size
0.01 lots
Leverage
Up to 1:1000

Platforms

Available
MetaTrader 4 (MT4), MetaTrader 5 (MT5), XM WebTrader, and mobile trading apps compatible with iOS and Android. 
Mobile Trading
✔
Algo Trading
✔

Payment Methods

Deposit Methods
- Credit/Debit Cards (Visa, MasterCard) - Bank Wire Transfers - E-wallets (e.g., Skrill, Neteller) - Local payment methods (availability varies by region) 
Withdrawal
Withdrawals are processed using the same methods as deposits. XM does not charge fees for deposits or withdrawals; however, third-party charges may apply. 
Processing Time
- Deposits: Instant for most methods - Withdrawals: Processed within 24 hours; actual receipt time may vary depending on payment provider and method. 

Customer Support

Hours
24/7
Channels
Live-Chat, Email, Phone
Languages
English, Spanish, French, German, Chinese, Portuguese, Arabic, Italian, Japanese, Thai, Korean, Malay, Indonesian, Hungarian, Polish, Greek, Dutch, Bulgarian

Editorial Review

Opinion
XM is esteemed for its comprehensive educational offerings and robust regulatory framework. While its MetaTrader-only platform suite may limit some advanced traders seeking proprietary platforms, its commitment to client fund safety and transparent trading conditions make it a reliable choice for many retail traders. 
Best For
Beginner to intermediate traders seeking a well-regulated broker with strong educational resources, low minimum deposits, and access to the MetaTrader suite of platforms.

Pros

Comprehensive education system

Low entry barrier ($5 deposit)

Negative balance protection

Robust regulatory compliance

Cons

Higher spreads on standard accounts

Platform limitation to MT4/MT5

Withdrawal fees under $200

Limited cryptocurrency pairs

Comments & Reviews

Please log in to share your experience

Sign In

Ready to start trading?

Compare top brokers and choose the best one for you!

Compare all brokers
ChooseFXBroker (CFXB) is a third-party, independent review site. We may earn affiliate or revenue share commissions when you subscribe through links on our site, at no extra cost to you. Companies reviewed do not endorse or own this website unless explicitly stated.