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XM: Review, Analysis and Complete Guide

XM is a very popular online trading platform that offers different trading platform options. Today it has multiple users around the world.

It is mainly a Forex broker although it also has other financial instruments such as CFD’s, indices and precious metals.

In the following article we will provide you with the necessary information to start investing your money and increase it using the best tools and a reliable and regulated platform.

XM offers its clients the powerful trading platform MetaTrader 4, the spreads are quite tight, order execution is fast and without requotes, the maximum leverage level is variable depending on the financial instrument you choose and any trading strategy is allowed.

XM Pros and Cons


  • Ideal for beginners.
  • XM is regulated in 3 different countries.
  • Allows you to invest in Bitcoin.
  • Allows trading in Forex.
  • Provides negative balance protection.


  • Limited trading platforms.
  • XM does not accept customers from the United States, Canada and Israel.

XM Financial Products

XM allows its users to invest in more than 100 different financial instruments such as currencies, precious metals, commodities, energies, Forex trading, stock indices, etc.

Stocks and Financial Products

Forex: millions of users trade in this world market daily using the following currencies: USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, SGD, ZAR, among others.

With XM broker you have access to the Forex market 24 hours a day during the working days. With up-to-date updates, online rates and the opinion of the most qualified users to help you invest within the Forex market in the best way.

On XM broker’s homepage we can quickly access the “forex trading” tab and the most accurate instruments such as spreads, leverage levels, and the 55+ currencies in detail.

XM ofrece numerosos productos financieros

Stock CFDs: Stock CFDs are subject to dividend adjustments. When a share pays dividends to its shareholders, dividend adjustments will be made to the trading accounts of clients who hold a position in the index at 00:00 GMT+2 on the date of the former dividend.

Commodities: In XM broker you will be able to trade contracts without actually owning the financial instrument. This generates an instant exposure to global economies.

This is ideal for novice traders because of the minimum deposit and the ability to take short positions and benefit from falling prices without stock market rates. Margin is always 50% when hedging CFD positions and if your margin level is above 100%.

Stock Market Indices: At XM broker direct access to global stock markets and global economies is very safe and profitable.

XM broker has more than 10 main indexes to trade, which represent the global image of the market in different countries.

Precious Metals: At XM, gold and silver investments do not have repo rates, this makes it an attractive alternative to invest alongside Forex since XM broker has highly liquid markets with no additional fees.

On the main page you can check more detailed data about long short strategies on the same account and leverage levels.

Shares: with a wide selection of individual shares offered for trading, with more than 1,200 different shares currently listed on XM. This is a very impressive and wide range of options offered as access to global equities.

Unique Programs

XM broker offers its affiliates the possibility to invest money through a program called MetaTrader 4, the web trading par excellence of this broker. It has more than 1000 instruments, Forex CFDs, indices, commodities, etc.

Without having to download anything, you can use the full potential of XM WebTrader MT4 for instant online trading on both demo and live trading accounts. XM WebTrader’s full trading functionality is based on its compatibility with MetaTrader4.

This allows one-click trading to open and close trades, set stops and entry limits, place direct orders, set and edit limits and stop losses, and use charts.

XM ofrece programas intuitivos para invertir

How to Open an XM Account

According to feedback from registered users, opening an XM account is very easy and only takes a few minutes. Registering with this broker is completely safe and free.

Requirements and verification

After logging in to the XM broker home page you will need to click on the “open live account” button in the top right corner of the page. Then you will have to fill out a registration form with the information requested by XM.

After doing this step click on the “advance to second step” button and you will have to cover the second part of the form.

After the personal data, address and contact information part comes the trading account data part where you must indicate the type of account you want to open, the amount you want to invest, the base currency and the maximum leverage level.

Cómo registrarse en XM online

Once the registration form has been successfully completed, you will receive a message confirming the opening of your XM account and then you will receive an email with your client account access details, which you will also need to use a little later on the trading platform.

After validating your account, logging in and making a first deposit you are ready to start trading through the XM platform.

Demo Account

The XM demo account will allow you to test the trading platform and the trading conditions of this broker without putting your money at risk. It is the best way to start for both beginners and more experienced traders, XM is the right broker for your trading operation.

The XM demo account is completely free. You do not have to deposit money to use it, nor provide any banking information, nor do you acquire any commitment with the broker.

The trading operation is exactly the same as the one you will have in a live account. It offers the same instruments and trading conditions as a real account. All you have to do is go to the home page, fill in the form and open the demo account.

Available Countries

XM is recognized worldwide with customers in over 196 countries in more than 30 languages. In this sense, it is one of the most widespread brokers worldwide.

Países disponibles en XM

How to Use XM

According to the many opinions of online users, this broker is a completely reliable option when it comes to the process of depositing and withdrawing money. It is important to emphasize that you will have no problems depositing or withdrawing funds and thus make our decision to work with a certain online broker properly.

Desktop Platforms

The trading operations offered by this broker, can be carried out through two types of platforms in the most secure way in any of them.

Meta Trader (4)

XM pioneered the MT4 platform with quality trading execution in mind. This tool includes more than 1000 instruments, including forex and CFDs.

In addition to one-click trading and full expert advisor functionality.

In addition, you only need 1 user to access 8 platforms, 3 types of charts, micro-batch accounts and spreads as low as 0.6 pip.

Meta Trader (5)

XM MT5 offers all the pioneering features of XM MT4, with the addition of 1000 CFDs on stocks, making it the ideal multi-asset platform.

It includes more than 1000 instruments, such as stock CFDs, stock index CFDs, Forex, precious metal CFDs and energy CFDs. Hedging is allowed and all types of orders are supported.

Mobile Platforms

XM offers a variety of platforms to invest from your mobiles, and manage and trade your account 24 hours a day. With a wide range of platforms for Apple and Android mobile devices with XM you can easily access and trade your account from your smartphone or tablet with full and secure functionality.

Plataformas y dispositivos para Trading online

Research and Visualization Tools

The visualization and research tools offered by the XM broker are mainly related to those offered by its platform, MetaTrader 4. This is the case for most web brokers, who rely on one platform or another according to the needs of their audience.

MetaTrader 4 is one of the most widely used platforms for web services that are dedicated, like XM, to providing an interface for trading Forex and other commodities.

The benefits that characterize MT 4 and 5 are many, but the main one is that they allow the user to create or download robots, or customized tools, and apply them in the platform’s interface in order to personalize, little by little, the trading experience.

There are not many platforms that allow this, and that is why MetaTrader 4 and 5 are absolute favorites among users’ opinions, only surpassed by the occasional customized interface that certain competing brokers have developed.

You will certainly not have any problems or shortcomings when using XM, since its platform is among the most quoted in the financial brokerage market. You can find out more about the data visualization tools available on XM on its homepage.

XM Deposits, Withdrawals, Fees and Limits

As far as XM’s payment, deposit and withdrawal policy is concerned, the processes are simple, as evidenced by the opinions of online users and investors.

Deposit Methods and Minimum Deposit

As we said before and according to online feedback, depositing funds into your XM account is quite simple and quick. To start the process of depositing funds and have your XM account ready, you will need to access the “user access” tab on the company’s home page.

Next, you must indicate your account number and the corresponding password that you have previously received by e-mail after requesting registration with XM and click on the “Access” button.

Once you have validated your account you can access your user area again and click on the “Deposit Funds” button. You will then be shown the available payment methods to make the deposit in XM.

The minimum amount will depend on the type of payment you choose, but it ranges from a minimum of $5, $5 or $100, $100.

Cómo invertir en Forex desde cualquier dispositivo

Withdrawal Methods

To withdraw our funds we must access our user area on the XM website and in the top menu click on the option “Withdrawal“. The available ways to withdraw money will be presented.

The minimum withdrawal amount is usually $5, $5 or equivalent currency except for bank transfer where the minimum amount is $200, $200 or equivalent currency.

The minimum deposit required to open a Standard Account is only $5, so for traders depositing only a few hundred dollars or less, these fees will certainly be competitive.

Fees and Commissions

It will depend on the broker associated with your investment account the fixed or proportional amount that is adhered to at the moment of withdrawing the corresponding money. XM offers some different types of accounts that charge slightly different commissions.

XM charges an inactivity fee of $5 per month after 90 days. No additional fees are charged for deposits or withdrawals, except when an amount less than $200 is moved by wire transfer.


In XM no minimum deposit is required. However, system restrictions limit the minimum deposit amount to $5 for electronic funds such as Moneybookers, Skrill and Neteller, as well as for credit cards and bank transfers.

Is XM secure?


All the operations that allow you to invest through XM are completely safe, since they are in a legal framework within all the countries where it operates.

In Belize, XM Global Limited is licensed by IFSC under license number IFSC/60/354/TS/19. It is also licensed by ASIC and CySEC under license number 120/10.

Compensation Scheme

Like any other online Forex broker, XM is supported by the

Financial Services Compensation within the framework of the FCA Monetary Rules, the Financial Conduct Authority by its acronym.

Análisis y características de las plataformas para Forex

This guarantees the client the insurance of maintaining segregated accounts in case of any inconvenience that the trading platform may have, since the origin of the deposit of their money is not within the company.

This is especially important in the case of a bankruptcy filing. XM’s compensation scheme is based on volume. Every trade made on investor accounts remains under the Classic Account Model.

Customer Service

One of the highlights of this trading platform is an excellent customer service, fast response and very secure. With a wide variety of languages with dedicated native speakers offering support to customers in their own language.

Xm offers a multilingual customer service department that can be contacted by email and sometimes by chat. In addition, from the chat and email, you can contact the company by phone or by traditional mail.

XM’s customer service is available 24 hours a day, Monday through Friday, the same time period during which the markets are open. Live chat is also available.

XM Reviews

Andrew R.: “XM is one of the most reliable brokers we work with. Tracking, conversions, and account management are unparalleled.”

Nikolai P.: “I’ve been working with XM for several years now, and I really think it’s the best and most reliable broker in the market; I’ve tried many and XM is still my favourite.”

Ahmed S.: “The XM affiliate program is one of the best programs I have seen among the top brokers; I have one of the best managers and he has helped me a lot with marketing, as well as helping me with my clients in the right way”.

XM Alternatives and Competitors

As we have checked so far in this article, this trading platform is an excellent option to create a new account and start investing. But there are also many other alternatives that could interest you.

That’s why below we’ll show you a list of other alternative trading platforms to XM. In all of them you will find users’ opinions and detailed reviews explaining their financial products such as Bitcoin or CDFs.

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XM deserves a very positive criticism because it is a reliable broker, regulated and recommended by the many opinions for those who are looking for a broker who is fast and has no quotes.

This is a broker to invest in FDCs with a good offer of underlying assets, which continues to improve constantly. We can assure you that XM is not a scam and that it complies with all its due regulations.

It is important to highlight as a major benefit the coverage against negative balances and the implementation of the EU recommendations whereby positions are automatically closed when the margin covered is less than 50%.

XM’s reputation is towards the high end of the industry average, with positive feedback reviews, a long track record and good regulatory standing in countries such as Australia and Cyprus, among many others.

XM Technical and Characteristic Data

Main Features XM
Countries where it is regulated 196
Price Free
View offer
Minimum Deposit $5
Time to open account 1 day
Available currencies 50
Available products
Withdrawal fee $0
Inactivity fee 1
Trading Rates $0
Bank card deposit
Deposit with electronic wallet
Demo account available?
Easy to use platform?
View offer

Frequently Asked Questions about XM

✅ What is XM?

XM is a web broker, that is, a platform through which you can invest in Forex trading and other financial products from the comfort of your home. It is a secure site, a concept reflected in the positive feedback it receives from its users.

⭐ How does XM work? How can I use it?

You can think of XM as an intermediary between you and Forex, the international market for real and virtual currencies, like Bitcoin. You can use it by logging in to its homepage and creating an account, a very simple and free process.

➡How to Buy and Sell Financial Products on XM?

Buying and selling Forex financial products, i.e. currencies, is extremely instinctive and easy to exercise from XM’s trading page. The first thing is to make an account, then deposit your money, and then you are ready to trade on Forex.

✨ How to Make Money in XM?

The secret behind accumulating capital through investing in currencies, whether real or virtual like Bitcoin, is not easy to understand. That’s why it’s advisable to use a broker like XM, which while it doesn’t guarantee results, makes them a little more possible.

➕Is XM Safe?

Yes, XM is a completely secure broker for trading in Forex and other financial products outside of the foreign exchange market. XM’s multiple licenses and regulations make this site one of the safest on the web.

🔥 Is XM Regulated?

Yeah, sure. As previously stated in this article, XM is within the legal framework in each of the countries where it is available. This is possible thanks to licenses and regulations, which make it totally safe to trade Forex.

If you’ve come this far, you already know everything you need to trade Forex, one of the most popular financial markets on the web, through the XM broker. Be sure to visit our main page to learn more about online brokers. Good luck!

XM User Experience and Opinions

Have you used XM's services before? Would you recommend it? Tell us about your experience using an XM service in the comments.

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