According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- from $5
- MT4
- MT5
- XM App
- CySEC
- FSC (Belize)
- DFSA
- FSCA
- FSA (Seychelles)
- FSC (Mauritius)
- 2010
Our Evaluation of XM Group
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
XM Group is one of the top brokers in the financial market with the TU Overall Score of 9 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by XM Group clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews prove that the broker’s clients are fully satisfied with the company.
XM Broker is a broker for professional trading. Trading conditions correspond to the average market; there are technical advantages that distinguish XM Broker from its competitors.
Brief Look at XM Group
XM Group is a globally recognized broker, operational in nearly 190 countries and serving over 15 million traders. In 2025, the company is celebrating its 15th anniversary. The broker offers over 1,400 trading instruments, including Forex pairs, stocks, commodities, cryptocurrencies, and precious metals. With licenses from regulators like FSC and CySEC, XM ensures a secure trading environment.
The company is committed to high-speed order execution without requotes, ensuring 99.35% of trades are completed nearly instantly. The broker's leverage varies by region, offering up to 1:1000 for some non-EU countries while maintaining strict compliance with European standards for others. The spreads start from 0.6 pips.
XM doesn't offer passive investment options like PAMM accounts but provides access to MQL5 copy trading and a VPS for algorithmic trading.
- XM Broker guarantees 100% execution of orders, 99,35% of orders delivered nearly instantly. No requotes guaranteed;
- No “markup” on narrow market spreads (broker's margins over the spread);
- Over 1,000 trading instruments. Available for trading are: 57 currency pairs, including CFDs on cross rates, metals (including palladium and platinum), commodities (cocoa, cotton, grain), stocks;
- No commission for replenishment and withdrawal of money. XM Broker incurs all commission costs of payment systems;
- Around the clock support for 5 days a week in more than 30 languages.
- Expanding their limited choice of trading platforms. Despite the fact that the broker offers 16 terminals, all of them are modifications of MT4 and MT5 for desktop, browser and mobile trading.
TU Expert Advice
Author, Financial Expert at Traders Union
XM Group offers an extensive range of trading instruments, including Forex pairs, stocks, commodities, cryptocurrencies, and precious metals. Users can trade via MT4, MT5, or the proprietary XM App platforms. The broker provides Ultra Low and Zero accounts, with a minimum deposit starting at $5. Operating in 190 countries and holding licenses from CySEC and FSC, XM Group ensures secure transactions. Notably, XM stands out for its execution speed, completing 99.35% of trades almost instantly, with spreads starting from 0.6 pips and leverage varying by region.
Despite its notable advantages, XM Group lags in platform variety, primarily offering MT4 and MT5. While its trading costs are competitive, Forex fees are above average. The restriction on cryptocurrency trading and absence of tools like PAMM accounts may not cater to all trader preferences. In conclusion, XM Group is well-suited for traders who prioritize fast execution and a wide range of assets but may not be the best fit for those seeking diverse platforms or specific trading tools.
- Platform reliability is of utmost importance to you. The broker has been in the market for many years, operating in 190 countries, and is regulated by four organizations: FSA, FSC, FSC (Mauritius) and CySec.
- You are willing to learn while trading. XM Group is one of the few brokers that not only provides basic educational materials on its website but also regularly conducts webinars and even offline meetings in 120 cities worldwide.
- You do not use MT platforms. This is a common issue with many brokers as they typically support MetaTrader 4 or MetaTrader 5, and rarely offer trading through cTrader, RTrader, or other platforms. XM Group also offers the traditional options..
We checked the office of the XM Group brokerage company in Cyprus, which is located at the following address according to the information on the company’s website:
Richard I & Berengaria Of Navarre, Limassol 3042, Cyprus
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The company is located at the stated address
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We were able to speak to a company representative
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We were able to visit the office as clients
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Video of the company’s office
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XM Group Trading Conditions
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | МТ4, МТ5 (desktop, web, and mobile versions), and XM App for smartphones and tablets |
|---|---|
| 📊 Accounts: | Ultra Low, Zero |
| 💰 Account currency: | EUR, USD, GBP, JPY - depending on the XM entity |
| 💵 Deposit / Withdrawal: | Credit/ Debit cards, Skrill, Neteller, International Wire Transfer, Online Bank Transfer, Perfect Money, Apple Pay and Google Pay |
| 🚀 Minimum deposit: | $5 |
| ⚖️ Leverage: | 1:30 (only for EU regulated Entity and AU). For all the other countries - 1:1000. |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0,01 |
| 💱 EUR/USD spread: | 0,2 pips |
| 🔧 Instruments: | Forex,and CFDs on Stocks, Commodities, Equity Indices, Precious Metals, Energies, Cryptocurrencies, Turbo Stocks, Shares, Thematic Indices - these might differ between the XM entities |
| 💹 Margin Call / Stop Out: | 100%/50% |
| 🏛 Liquidity provider: | n/a |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market Execution |
| ⭐ Trading features: | There are Islamic accounts; It is possible to connect to the MQL5 trading services. |
| 🎁 Contests and bonuses: | Up to 100% Deposit bonus (Not available to the EU Entity of XM) |
Trading conditions of XM Broker are ideal for both novice traders and professionals. There are standard and ultra low spreads accounts, loyal minimum deposit requirements, leverage as provided by requirements of the European regulators. To test strategies, get acquainted with the functionality of platforms, mobile app and test their potential, a demo account is provided.
The broker is a market maker in the international financial market. This means that XM Group has direct access to liquidity and can provide traders with the best quotes. Spreads on Ultra accounts are from 0.6 pips. The company guarantees an almost complete absence of slippage regardless of market volatility level and a competitive market spread in moments of sudden price movements.
Learn More about XM allow scalpingXM Group Key Parameters Evaluation
Video Review of XM Group
Share your experience
- Best
- Last
- Oldest
ULASS YAR 
PK Fast withdrawal and deposit
Nothing found
Melvut Ozel
TR Leverage x1000 is a golden middle to take 100% positions, still I got some flexibility to change for particular trades. Also, I liked their platforms. MT5 as always my #1 choice+ their app, kind of a functional one.
Spreads, not the tightest I’ve seen.
Paulo Velho
BR Brasília Everything needed for the trading was presented at their platforms. Including a wide range of assets, MT5 platforms (bots are my favorite) and easy to execute payments system.
Spreads on standard accounts. Better to stick to ultra low to get better costs.
malikhuzai30 
Verified
Thailand Ayutthaya no extra fees
Nothing
Felice Candreva
IT Rome Low deposit allowed Free competitions
Have to choose between bonuses and spreads
Fawzi Hadad Kalb
AE Abu Dhabi Excellent educational materials are included. Not only basic ones, but some advanced concepts are covered as well
For a more detailed analysis, you must use the TradingCentral platform
Oliver
Verified
Malaysia Kuantan What I really like is that you can start with a small amount. I deposited a bit just to test things out, and everything worked smoothly
One minor con could be that XM's website or platform might not be available in your local language, potentially causing some navigation or support issues. However, this might not be a significant concern for many users.
Trading Account Opening
You can start working with XM Broker by opening a real or demo account, for which you need to click one of the buttons on the broker's main page. The initial deposit amount of the demo account is 100,000 US dollars, but after its opening, you get access only to the platform. To gain access to your Personal Account, registration of a real account is required. XM Profile Details
Fill out the registration form: Name and surname, country/city, phone, email. Be sure to indicate the platform and type of account. Data is entered in Latin letters.
The account number, which is your login, will be sent to the indicated email address. In the future, you will need to download the platform from the broker's website and tie this account to it. Having received the data, we enter the Personal Account. Please note that registration takes 10 minutes and provides only the opportunity to get acquainted with the functionality of the Personal Account. For further registration and subsequent trading, you need to go through verification.
The following options are available in the Personal Account:
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Replenishment and withdrawal of money.
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Correction of personal account data. In the Account menu you can change the leverage, view the history of transactions (including monitoring data on positions that are still open), view the history of replenishment, transactions.
There are also many other useful functions and features:
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Changing the password and going through two-step authentication.
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Request for using a VPS server (available only after verification).
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Access to trading signals, customer service, to the Invite a friend affiliate program.
XM Group - How to open, deposit and verify a trading account | Firsthand experience of Traders Union
Regulation and safety
XM Group has a safety score of 10/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Track record over 15 years
- Strict requirements and extensive documentation to open an account
XM Group Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 CySec |
Cyprus Securities and Exchange Commission | Cyprus | Up to €20,000 | Tier-1 |
 DFSA |
Dubai Financial Services Authority | Dubai | No specific fund | Tier-2 |
 FSCA SA |
Financial Sector Conduct Authority of South Africa | South Africa | No specific fund | Tier-2 |
 FSC (Mauritius) |
Financial Services Commission of Mauritius | Mauritius | No specific fund | Tier-3 |
 FSC (Belize) |
Financial Services Commission of Belize | Belize | No specific fund | Tier-3 |
 FSA (Seychelles) |
Financial Services Authority of Seychelles | Seychelles | No specific fund | Tier-3 |
XM Group Security Factors
| Foundation date | 2010 |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker XM Group have been analyzed and rated as Medium with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Tight EUR/USD market spread
- No deposit fee
- No withdrawal fee
- Above-average Forex trading fees
- Inactivity fee applies
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of XM Group with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, XM Group’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
XM Group Standard spreads
| XM Group | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,7 | 0,5 | 0,1 |
| EUR/USD max, pips | 1,2 | 1,5 | 0,5 |
| GPB/USD min, pips | 0,6 | 0,4 | 0,1 |
| GPB/USD max, pips | 1,2 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
XM Group RAW/ECN spreads
| XM Group | Pepperstone | OANDA | |
| Commission ($ per lot) | 3,5 | 3 | 3,5 |
| EUR/USD avg spread | 0,2 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,2 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with XM Group. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
XM Group Non-Trading Fees
| XM Group | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 10 | 0 | 0 |
Account types
XM Broker has several types of accounts:
You can get acquainted with the potential of XM Broker by opening a demo-account.
Deposit and withdrawal
XM Group received a High score for the efficiency and convenience of its deposit and withdrawal processes.
XM Group excels by providing a broad selection of payment methods, ensuring minimal costs and a seamless experience for users seeking efficient fund management.
- Supports 5+ base account currencies
- USDT (Tether) supported
- BTC available as a base account currency
- Bank card deposits and withdrawals
- PayPal not supported
- Wise not supported
What are XM Group deposit and withdrawal options?
XM Group stands out with an excellent selection of deposit and withdrawal methods, a variety of base currencies, and zero broker fees, making it an excellent choice for traders seeking low costs and maximum flexibility. Available methods include Bank Card, Bank Wire, Skrill, Neteller, M-Pesa, BTC, USDT.
XM Group Deposit and Withdrawal Methods vs Competitors
| XM Group | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | Yes | No | No |
What are XM Group base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. XM Group supports the following base account currencies:
What are XM Group's minimum deposit and withdrawal amounts?
The minimum deposit on XM Group is $5, while the minimum withdrawal amount is $5. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact XM Group’s support team.
Markets and tradable assets
XM Group provides a standard range of trading assets in line with the market average. The platform includes 1400 assets in total and 57 Forex currency pairs.
- Copy trading platform
- 1400 assets for trading
- 57 supported currency pairs
- No ETFs
- Futures not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by XM Group with its competitors, making it easier for you to find the perfect fit.
| XM Group | Plus500 | Pepperstone | |
| Currency pairs | 57 | 60 | 90 |
| Total tradable assets | 1400 | 2800 | 1200 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | No | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products XM Group offers for beginner traders and investors who prefer not to engage in active trading.
| XM Group | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | Yes | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Trading platforms & tools
XM Group received a score of 7.2/10, reflecting an average offering in terms of trading platforms and tools. The broker covers essential functionality but may fall short in some advanced features or platform diversity compared to leading competitors.
- API access for automated trading
- MetaTrader is available
- Trading bots (EAs) allowed
- One-click trading
- No access to a proprietary platform
- No access to cTrader and its advanced tools.
- No access to Free VPS
Supported trading platforms
XM Group supports the following trading platforms: MT4, MT5, WebTrader. This selection covers the basic needs of most retail traders. We also compared XM Group’s platform availability with that of top competitors to assess its relative market position.
| XM Group | Plus500 | Pepperstone | |
| MT4 | Yes | No | Yes |
| MT5 | Yes | No | Yes |
| cTrader | No | No | Yes |
| TradingView | No | Yes | Yes |
| Proprietary platform | No | Yes | Yes |
| NinjaTrader | No | No | No |
| WebTrader | Yes | Yes | Yes |
Key XM Group’s trading platform features
We also evaluated whether XM Group offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.
Supported features
| 2FA | Yes |
| Alerts | Yes |
| Trading bots (EAs) | Yes |
| One-click trading | Yes |
| Scalping | Yes |
| Supported indicators | 30 |
| Tradable assets | 1400 |
Additional trading tools
XM Group offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.
XM Group trading tools vs competitors
| XM Group | Plus500 | Pepperstone | |
| Trading Central | Yes | No | No |
| API | Yes | No | Yes |
| Free VPS | No | No | Yes |
| Strategy (EA) builder | No | No | Yes |
| Autochartist | No | No | Yes |
Mobile apps
XM Group supports mobile trading, offering dedicated apps for both iOS and Android. XM Group received a score of 7/10 in this section, indicating a generally acceptable mobile trading experience.
- Solid iOS user feedback, with a rating of 5.0/5
- Mobile alerts supported
- Strong Android user ratings, currently at 4.8/5
- Mobile 2FA not supported
We compared XM Group with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.
| XM Group | Plus500 | Pepperstone | |
| Total downloads | 10,000,000 | 10,000,000 | 100,000 |
| App Store score | 5.0 | 4.7 | 4.0 |
| Google Play score | 4.8 | 4.4 | 4.0 |
| Mob. 2FA | No | Yes | Yes |
| Mob. Indicators | Yes | Yes | Yes |
| Mob. Alerts | Yes | Yes | Yes |
Education
Information
XM Broker has dedicated a separate section to training, which focuses on video content. Novice traders can watch the video, which describes the basic functions of the broker's platforms. There are also webinars and seminars conducted repeatedly at the site. The subjects are the most diverse - from the basics of fundamental and technical analysis to the development of trading systems.
All these tools are more of an auxiliary nature, giving traders the opportunity to build up their own experience and their own views on trading systems and trading.
Customer support
Information
Customer service is available to each user around the clock 5 days a week (except holidays).
Advantages
- There is an online chat and telephone support
- More than 30 languages
Disadvantages
- Does not work on days off
Communication with customer service:
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Social media and instant messengers;
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e-mail (look for the e-mail address according to your country at the broker’s site);
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telephone.
Before contacting customer service, look in the Questions and Answers section - maybe the information you are interested in is already there.
Contacts
| Foundation date | 2010 |
|---|---|
| Registration address | 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus. |
| Regulation |
CySEC, FSC (Belize), DFSA, FSCA, FSA (Seychelles), FSC (Mauritius)
Licence number: 120/10, 000261/27, No. F003484, GB23202700, 49976, SD190 |
| Official site | https://www.xm.com |
| Contacts |
+357 25029933 (CY), +612 8607 8385 (AU) and +501 223-6696 (BZ)
|
Comparison of XM Group with other Brokers
| XM Group | Bybit | Eightcap | RoboForex | NPBFX | |
| Trading platform |
MT4, MT5, MobileTrading, XM App | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4 |
| Min deposit | $5 | No | $100 | $10 | $10 |
| Leverage |
From 1:1 to 1:30 |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:2000 |
From 1:200 to 1:1000 |
| Trust management | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | 10.00% | No |
| Spread | From 0.8 points | From 0 points | From 0 points | From 0 points | From 0.4 points |
| Level of margin call / stop out |
100% / 50% | No / 50% | 80% / 50% | 60% / 40% | No / 30% |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Instant Execution, Market Execution |
| No deposit bonus | No | No | No | No | No |
| Cent accounts | No | No | No | Yes | No |
Detailed Review of XM Broker
XM Broker broker is one of the leading European brokers working in the Forex services sector for more than 15 years. During this time, the company has developed an innovative technological base that allows it to outperform its competitors in many respects. First of all, we are talking about the speed of orders execution and minimal slippage.
XM Broker is a universal broker. It sends client orders directly to liquidity providers or to the ECN network. End-to-end processing of orders allows us to guarantee the execution of more than 90% of applications with a speed of less than 1 second with narrow market spreads from 0.6-1 pip without a “markup”.
XM Broker — CFD-broker that is comfortable to be with
The XM Broker team decided to concentrate directly on providing active trading services. Constantly improving platform technology and data transfer, XM Broker has been able to achieve good results in this direction. The company offers more than 1,000 different trading instruments. XM Broker is one of the few brokers that added to classical instruments such assets as cotton, palladium, CFDs for shares of individual companies - there is everything for building complete correlation trading systems and a diversified investment portfolio. In the future, the addition of cryptocurrencies is expected.
Advantages:
The broker is licensed by 4 regulators, including CySec (Cyprus), which allows it to work under local laws in most countries worldwide.
Classic MT4 and MT5 platforms in various modifications, but still the same familiar to most traders.
There are micro accounts for novice traders and standard accounts.
Free Forex market analysis.
There are daily Forex webinars and free signals.
There is protection against negative balance.
XM Broker focuses on active trading, that is why there are no PAMM accounts and direct copy trading here, traders can directly connect to the MQL5 service from the platform, where you can copy tradings of individual traders, take part in algorithmic developments or discussions of trading topics.
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