Overview
XM was founded in 2009 and is part of Trading Point Group, serving over 10 million clients in 190+ countries. The broker is particularly well-known for its exceptional educational offering — with thousands of video tutorials, live webinars in 30+ languages, and regular market updates — making it one of the best choices for new traders. XM operates under CySEC, ASIC, and other regulatory frameworks.
Pros
- Outstanding education: Award-winning content including video courses, live webinars, and daily market analysis in 30+ languages
- Very low minimum deposit: Start trading with just $5
- Wide platform support: MT4 and MT5 fully supported with full feature access
- Generous bonuses: Regular deposit bonuses and loyalty programmes (subject to T&Cs)
- No requotes policy: XM prides itself on no requotes and no rejections
Cons
- High standard spreads: EUR/USD on Standard account averages 2.0 pips — significantly above competitors
- No proprietary platform: Relies solely on MT4 and MT5; no cTrader or TradingView integration
- XM Zero limited: The low-cost commission-based account is only available in the EU entity
- No US clients: Not available to traders in the United States
- Bonus conditions can be complex: Bonus withdrawal requirements are restrictive
Spreads & Fees
| Account Type | EUR/USD Spread | Commission | All-In Cost |
|---|---|---|---|
| Standard | From 1.6 pips (avg 2.0) | None | ~2.0 pips |
| Micro | From 1.6 pips (avg 2.0) | None | ~2.0 pips |
| Ultra Low | From 0.6 pips | None | ~0.8 pips |
| XM Zero (EU) | From 0.0 pips | $3.50/side | ~0.72 pips |
Overnight (Swap) Fees: Standard market rates; Islamic accounts available. Withdrawal Fees: Free for most methods. Inactivity Fee: $5/month after 90 days of inactivity.