XM
XM is a well-established global forex and CFD broker founded in 2009 and serving over 10 million clients in 190+ countries. Known for its low minimum deposit of $5, award-winning educational content, and generous bonus programs, XM is especially popular among beginner traders looking to start small.
Visit WebsiteMin. Deposit
$5
Spread From
0.6 pips
Regulation
CySEC, ASIC, FSC
Full Review
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.
User Reviews8
Chris W.
XM's education resources are incredible. I learned more from their free webinars than from paid courses I bought elsewhere. The demo account is full-featured and great for practising.
Malee S.
ชอบ XM มากเพราะมีบทเรียนภาษาไทยและเซมินาร์สดบ่อยมาก เหมาะสำหรับมือใหม่มากๆ แต่สเปรดค่อนข้างสูงในบัญชี Standard
Thomas H.
Decent broker for beginners but the spreads are high compared to IC Markets or Pepperstone. Once I progressed in trading, I switched to a tighter-spread broker. Good starting point though.
Elena V.
I love the no-requote guarantee — never had an order rejected. The webinars are in my language and very informative. Good for part-time traders who don't need the absolute tightest spreads.
Jason K.
The Standard account spreads are really expensive. I was paying 2 pips on EUR/USD which adds up fast. Moved to a different broker for better pricing. The education was good though.
Maria C.
Very reliable and trustworthy broker. Been with them for 4 years with no major issues. Customer support is responsive. The bonus offers are nice but read the conditions carefully.
Sam T.
Best educational content of any broker I've used. The free research, daily market commentary, and live webinars make it a complete package for a learning trader.
Patrick N.
Solid broker overall but I wish they'd add cTrader or TradingView. Only having MT4 and MT5 feels limiting when competitors offer more platform choices.