XM Group

Operational Since:

2009

Country where domiciled:

Cyprus

International offices:

Regulation:

YES - CySec Cyprus, Bafin Germany, FSC Mauritius, FSA Seychelles, CNMV Spain, MNB Hungary, CONSOB Italy, ACPR France, FIN-FSA Finland, KNF Poland, AFM Netherlands, FI Sweeden

Broker Status:

Independent broker -

Broker Type:

Market Maker

US Clients Accepted:

Average Monthly Volume In USD:

Source To Prove Volume:

BROKER WEBSITE

Accounts

Mini Account:	NO	Minimum Deposit ($US):	N/A
Standard Account:	YES	Minimum Deposit ($US):	$5
ECN Account:	NO	Minimum Deposit ($US):	-
VIP Account:	NO	Minimum Deposit ($US):	-
Micro Account:	YES	Minimum Deposit ($US):	$5
Zero Account:	YES	Minimum Deposit ($US):	$100
Ultra Low Account “XM Ultra Low Account is not applicable to all entities of the Group. Account availability depends on the client’s country of residency”:	YES	Minimum Deposit ($US):	$50
Base account Currencies offered:	USD

Leverage

Maximum Leverage for Mini Account:	-
Maximum Leverage for a Standard account:	30/1 “This Leverage applies to all the EU regulated entities of the Group. Leverage depends on the financial instrument traded and on clients’ country of residence”
Maximum Leverage for an ECN account:	-
Maximum Leverage for a VIP account:	-
Maximum Leverage for Micro Account:	30/1 “This Leverage applies to all the EU regulated entities of the Group. Leverage depends on the financial instrument traded and on clients’ country of residence”
Maximum Leverage for Zero Account:	30/1 “This Leverage applies to all the EU regulated entities of the Group. Leverage depends on the financial instrument traded and on clients’ country of residence”
Maximum Leverage for Ultra Low Account “XM Ultra Low Account is not applicable to all entities of the Group. Account availability depends on the client’s country of residency”:	30/1 “This Leverage applies to all the EU regulated entities of the Group. Leverage depends on the financial instrument traded and on clients’ country of residence”

Lot Size

Minimal lot size for a Mini account:	-	Increments:	-
Minimal lot size for a Standard account:	0.01 Lots	Increments:	-
Minimal lot size for an ECN account:	-	Increments:	-
Minimal lot size for a VIP account:	-	Increments:	-
Minimal lot size for Micro Account:	0.01 Lots (MT4) & 0.1 Lots (MT5)	Increments:	-
Minimal lot size for Zero Account:	0.01 Lots	Increments:	-
Minimal lot size for Ultra Low Account “XM Ultra Low Account is not applicable to all entities of the Group. Account availability depends on the client’s country of residency”:	0.01 Lots	Increments:	-

Payment Options

Deposit Options:	Multiple Local Payment Methods (BankCard, MasterCard, Neteller, WebMoney, Skrill, Qiwi, Diners Club, Bank WIre, CashU, FasaPay, GiroPay, iDeal, paysafecard, Przelewy24, UnionPay, Sofort)
Withdrawal Options:	Multiple Local Payment Methods (BankCard, MasterCard, Neteller, WebMoney, Skrill, Qiwi, Diners Club, Bank WIre, CashU, FasaPay, GiroPay, iDeal, paysafecard, Przelewy24, UnionPay, Sofort)

Products

Products for Mini Account:	---
Products for Standard Account:	Forex Trading, ---
Products For ECN Account:	---
Products For VIP Account:	---
Products for Micro Account:	Forex Trading, ---
Products for Zero Account:	Forex Trading, ---
Products for Ultra Low Account “XM Ultra Low Account is not applicable to all entities of the Group. Account availability depends on the client’s country of residency”:	Forex Trading, ---

Spread & Commission

Commission:	YES	Account:	XM Zero Account
Commission Fees:	$3.5 per $100,000 traded Only on XM Zero Account
Spread type (Fixed,Variable):	Variable	Accounts:	All Accounts
Spread on EURUSD on a Mini account:	-
Spread on EURUSD on Standard account:	1.0 Pip Minimum
Spread on EURUSD on ECN account:	-
Spread on EURUSD on VIP account:	-
Spread on EURUSD on Micro Account:	1.0 Pip Minimum
Spread on EURUSD on Zero Account:	0 Pip Minimum
Spread on EURUSD on Ultra Low Account “XM Ultra Low Account is not applicable to all entities of the Group. Account availability depends on the client’s country of residency”:	1.0 Pip Minimum

VIP Benefits

Premium Trading Conditions For VIP Clients Both Retail And Institutional:	NO
Premium Trading Conditions Offered:	-
Briefly describe main Advantages:	-

Trading Terms

News Trading:	YES
Mirror/Social Trading:	NO	Mirror Trading Providers:	-
Scalping:	YES
Hedging:	YES
Expert Advisors:	YES
Trading platforms available:	MT4 PC/Mac/Multiterminal/WebTrader/iPhone/Android), MT5 (PC/Mac/WebTrader/iPhone/Android)
Trading platform's Time zone:	GMT+2
Decimal Pricing:	5 Digits
Execution:	Market execution	Accounts:	Mini and Standard
Total Number Of Liquidity Providers:	-
ECN/STP Liquidity Provider:	-
ECN/STP Working With:	-
Trailing Stops:	YES
OCO Orders:	NO
One-Click Execution:	YES
Mobile Trading:	YES
Web-Based Trading:	NO
API Solutions:	NO
Currency Pairs Total:	55+	Exotic Pairs Included:	20
Gold, Silver:	Both
Oil:	YES
CFD’s:	YES
MAM/ PAMM solutions For Fund Managers:	NO
Managed Account Services For Investors:	NO
Swap-Free Accounts:	NO
- Available To Anyone:	NO
- Islamic Clients:	YES
- Restrictions Applied:	YES
Segregated Accounts:	YES
Interest On Unused Margin:	NO
Bonuses Or Rewards:	YES
Trading Contests:	NO
Binary Options:	NO
Spread Betting:	NO
Trading On Bitcoin:	YES
Affiliate Program:	YES
Affiliate Programs Offered:	CPA and Revenue Share
Conditions For Affiliates:	https://affs.click/tMWdy
Awards won:	Best Forex Customer Service Awarded by Shares Magazine UK Forex Awards 2018 Shares Magazine Best Market Research & Education Awarded by Capital Finance International Magazine (CFI.co) Capital Finance International Magazine (CFI.co) Best Trading Support for 2017 Awarded by Capital Finance International Magazine (CFI.co) Capital Finance International Magazine (CFI.co) Best FX Service Provider for 2017 Awarded by City of London Wealth Management Awards 2017 City of London Wealth Management Awards Brokers Billboard 2016 Best Local Customer Service 2016 FX168 Investment & Finance Expo, 2016 Fastest Growing Broker MENA 9th Saudi Money Expo Brokers Billboard 2015 Best FX Technology Provider 2015 FX168 Expo & Conference 2014 Best FX Technology Provider 2014 6th Saudi Money Expo Investment & Finance Expo Best FX Technology Provider 2014 10th China Int. Investment & Finance Expo Forex Broker Awards Best FX Broker Europe for 2018 World Finance Forex Awards 2018 World Finance Magazine Best International Broker in the MENA Region Awarded at the Egypt Economic Forum 2018 Egypt Economic Forum Best Forex Execution Broker Awarded by Shares Magazine "UK Forex Awards 2017" Shares Magazine Best FX Broker Europe for 2017 World Finance Forex Awards 2017 World Finance Magazine Industry Selection of 2016 Best Gold Broker 2016 CNFOREX.COM Industry Selection of 2016 Best Forex Broker 2016 CNFOREX.COM Brokers Billboard 2015 Best Local Customer Service 2015 FX168 Forex Platform Awards International Investment & Finance Expo Best Forex Platform 2015 5th China Investment Finance Expo Expo & Conference 2015 Best Financial Trading Platform 2015 8th Saudi Money Expo MENA 12th Forex Show 2013 Best Innovative Forex Provider 2013 ARABCOM Group Various Other Accolades Industry selection of World Finance 100 Excellence in the financial industry World Finance 100 Standard for Better People Management Accredited as Investors in People Investors in People Football Tournament First Runner Up 2014 XM – CitiFX

74 customer reviews

4.4 out of 5 stars

From 4 to 5

53
From 3 to 4

20
From 2 to 3

1
From 1 to 2

0
From 0 to 1

0

Platform - Performance, Usability

90%
Pricing - Spreads, Fees

90%
Features - API, News Service

90%
Support - Fund Options, Integrity

91%

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Aaron Quintana

Public Review

1 rating

Worked for me

2 days ago.

Broker Review - Overall

Xm broker and its platform truly worked for me and my trading. The ultra low account is the one you need to check if you want lower trading costs. It gets even better if you are into swing trading - no swaps at all

Broker Advantages

Lower costs for trading compared to other standard cfd brokers

Broker Disadvantages

I think they can do a better job and upgrade their payment system. Centralizing it with a xm wallet for example would be great

Overall Trading Experience

4 years and counting

Trading Experience with this Broker

6 months since i opened an account with xm

Platform - Performance, Usability
90%
Pricing - Spreads, Fees
90%
Features - API, News Service
90%
Support - Fund Options, Integrity
80%

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Eren Yavuz

Public Review

1 rating

All critical thing were at place

12 days ago.

Broker Review - Overall

I mean something like good spreads, fast support that is helpful, no rejection whether it came to order execution and payments. With more xp I have, the more I value these simple things. Xm kinda managed to deliver them.

Broker Advantages

Asset selection is huge, covering even soft commodities and non-US indices I trade from time to time. Ultra low spreads below 1 pip.

Broker Disadvantages

Would be nice to have more payment options in my country and account options as well. Just limited to two in both categories.

Overall Trading Experience

4 years of raw xp with real money.

Trading Experience with this Broker

2 years here.

Platform - Performance, Usability
100%
Pricing - Spreads, Fees
100%
Features - API, News Service
80%
Support - Fund Options, Integrity
100%

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Eren Acar

Public Review

1 rating

xm out of all

14 days ago.

Broker Review - Overall

i think its a good broker overall despite some negatives. more positives, platform is decent. not their first year in the business too

Broker Advantages

nice and simple cost structure in the accounts, ultra low and standard

Broker Disadvantages

not that many different assets to trade with

Overall Trading Experience

several years

Trading Experience with this Broker

singed up in 2024, first was demo then real acc (standard)

Platform - Performance, Usability
100%
Pricing - Spreads, Fees
90%
Features - API, News Service
90%
Support - Fund Options, Integrity
100%

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Pablo Fernandez

Public Review

1 rating

easy start

15 days ago.

Broker Review - Overall

Easy platform tostart trading. Lots of accounts to choose from.

Broker Advantages

was simple for me to choose my account type at the beginning

Broker Disadvantages

wanna see deeper copytrading expereince offerings backed by ai

Overall Trading Experience

3 years live + rough;y 6 months demo

Trading Experience with this Broker

1 year live + 2 months demo

Platform - Performance, Usability
80%
Pricing - Spreads, Fees
90%
Features - API, News Service
90%
Support - Fund Options, Integrity
90%

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Thanakorn Rattanakul

Public Review

1 rating

Ultra low account

15 days ago.

Broker Review - Overall

Well, it was a surprise to see free swap policy on an ultra low account. Plus, even non-muslim traders can get these benefits, so I guess most of xm clients are swing traders. xD

Broker Advantages

Free swap policy on FX majors.

Broker Disadvantages

The free swap policy isn’t available on other instruments...

Overall Trading Experience

3 years live + 2 months demo

Trading Experience with this Broker

8 months live + 2 weeks demo

Platform - Performance, Usability
90%
Pricing - Spreads, Fees
100%
Features - API, News Service
90%
Support - Fund Options, Integrity
90%

0 of 0 people found the following review helpful

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