Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
XMTrading Pros & Cons
- A beginner friendly minimum deposit of just $5.
- More than 1,400 trading instruments.
- Leverage is up to 1:1000.
- Expert Advisors (EAs) and trading robots are allowed.
- Negative balance protection.
- Trading during news events, scalping, and position hedging are permitted.
- Various versions of MetaTrader 4 and MetaTrader 5, including desktop, mobile applications for smartphones and tablets, and WebTrader.
- A social trading platform for copy trading.
- Offshore regulation and the absence of a compensation fund.
- Customer support is unavailable on Saturday and Sunday.
- No information about liquidity providers.
XMTrading is an international broker founded in 2010 and part of the XM Group ecosystem, which serves more than 15 million clients from more than 190 countries. The company operates under the Market Maker model and provides access to trading six asset classes, including more than 50 currency pairs. XMTrading is regulated by the FSA (Seychelles Financial Services Authority) under license No. SD010 and the FSC (Mauritius Financial Services Commission) under license No. GB20025835. The broker targets retail traders and provides CFD trading on Forex, indices, commodities, metals, and energies.
TU Expert Verdict
XMTrading carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
Top-5 Brokers Traders Prefer
XMTrading User Reviews
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5-star
0%
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4-star
0%
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3-star
38%
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2-star
13%
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1-star
50%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria8 /10The trading and non-trading commissions of XMTrading have been analyzed and rated as having Low fees, with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of XMTrading 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, XMTrading’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.
XMTrading Standard spreads XMTrading OANDA FOREX.com EUR/USD min, pips 0.3 0.1 0.7 EUR/USD max, pips 0.6 0.5 1.2 GPB/USD min, pips 0.4 0.1 0.9 GPB/USD max, pips 0.9 0.5 1.4 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.
XMTrading RAW/ECN spreads XMTrading OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 3.5 3.5 5 EUR/USD avg spread 0.1 0.15 0.2 GBP/USD avg spread 0.15 0.2 0.4 Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with XMTrading. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
XMTrading Non-Trading Fees XMTrading OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
Is XMTrading Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria4.9 /10XMTrading has a safety score of 4.9/10, which corresponds to a Low 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.
- Is regulated
- Negative balance protection
- Track record over 16 years
- Not tier-1 regulated
XMTrading Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level 
FSC (Mauritius) Full Name Financial Services Commission of Mauritius Country of regulation Mauritius Investor Protection Fund No specific fund Regulation Level Tier-3 
FSA (Seychelles) Full Name Financial Services Authority of Seychelles Country of regulation Seychelles Investor Protection Fund No specific fund Regulation Level Tier-3 XMTrading Security Factors Foundation date 2010 Negative balance protection YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.5.6 /10XMTrading offers the following account options: Demo, Standard, ECN/Raw spread, Micro, Swap Free.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Swap Free (Islamic) account
- Demo account
- Forex account with Micro lots
- No Cent account
- No VIP account option
XMTrading account types vs top competitors XMTrading Plus500 OANDA Standard YesYesYesECN/Raw spread YesNoYesDemo YesYesYesCent NoNoNoMicro YesNoYesSwap Free YesNoYesVIP NoNoNoManaged NoNoNoXMTrading accounts trading conditions
XMTrading offers a wide selection of accounts with a minimum deposit of $5. Hedging is allowed on these accounts, and traders can hold up to 200 positions simultaneously. Account currencies include USD, EUR, or JPY. Both live and demo accounts are available, which allow trading with virtual funds. A trader can maintain up to eight active trading accounts at the same time.
Account Type Description Micro Accounts where one lot equals 1,000 units of the instrument’s base currency. The minimum trade volume is 0.01 lots for MT4 and 0.1 lots for MT5. Spreads start from 1 pip, and there is no trading commission. Leverage is up to 1:1000. Standard Accounts where one contract equals 100,000 units of the base currency. Leverage is up to 1:1000. Spreads start from 1 pip, and no commission is charged per lot. KIWAMI Accounts without swaps for some currency pairs and metals. No commission is charged per lot, and spreads start from 0.6 pips. Leverage is up to 1:1000. One lot equals 100,000 units. Zero Accounts for professional trading with spreads from 0.0 pips. A commission per lot is charged. The maximum leverage is 1:500. Trading is conducted with standard lots equal to 100,000 units. Demo A training trading account with virtual funds that allows traders to practice trading the market without the risk of losing real money. It replicates real trading conditions and helps users learn the platform and trading strategies. -
Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology6.3 /10XMTrading received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
XMTrading provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Minimum deposit below industry average
- Bank wire transfers available
- Low minimum withdrawal requirement
- No withdrawal fee
- Only major base currencies available
- USDT payments not accepted
- BTC payments not accepted
What are XMTrading deposit and withdrawal options?
XMTrading provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller.
XMTrading Deposit and Withdrawal Methods vs Competitors XMTrading Plus500 OANDA Bank Wire YesYesYesBank card YesYesYesPayPal NoYesYesWise NoNoNoBTC NoNoYesWhat are XMTrading base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. XMTrading supports the following base account currencies: USD, EUR, JPY.
What are XMTrading's minimum deposit and withdrawal amounts?
The minimum deposit on XMTrading 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 XMTrading’s support team.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria6.5 /10XMTrading provides a standard range of trading assets in line with the market average. The platform includes 1300 assets in total and 55 Forex currency pairs.
- Indices trading
- 55 supported currency pairs
- 1300 assets for trading
- Bonds not available
- Crypto trading not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by XMTrading with its competitors, making it easier for you to find the perfect fit.
XMTrading Plus500 OANDA Currency pairs 55 60 68 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 1300 2800 129 Stocks YesYesYesCommodity futures YesYesYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. NoYesYesStock indices YesYesYesOptions NoYesNoInvestment options
We also explored the trading assets and products XMTrading offers for beginner traders and investors who prefer not to engage in active trading.
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Trading Account Opening
Score:We evaluated Trading Account Opening at XMTrading by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.10 /10We successfully registered an account with XMTrading in 5 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at XMTrading is $5. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Low minimum deposit requirement
- Fully online account opening process
- Fast registration time (up to 15 minutes)
- Account setup process may feel less convenient for beginners
XMTrading account opening XMTrading Plus500 OANDA Online Registration YesYesYesMinimum deposit $5 $100 $0 Mandatory KYC YesYesYesRegistration time (min) 5 10 KYC time (days) 1 3 3 Is XMTrading available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
To open an account with XMTrading, visit its official website and complete several simple steps:
Click the account opening button at the top of any page.
Specify the country and email address, and generate a password.
Select the XMTrading division, either Seychelles or Mauritius.
Confirm the email address.
Upload document scans to verify identity and address.
Features of XMTrading user account allow traders to:
- Manage trading accounts.
- Deposit and withdraw funds.
- Invite users through the referral program.
- Copy trades of other traders.
- Participate in trading competitions and the loyalty program.
- Access trading education materials.
- Receive trading signals.
- Connect a VPS for automated trading.
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Customer Support
Score:We evaluated Customer Support at XMTrading by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria0.9 /10XMTrading demonstrates a low level of customer support reliability. Contacting support can be difficult, and responses may be significantly delayed or incomplete.
During testing, managers were slow to respond or failed to provide sufficient assistance. Such a support level may create risks for traders who require timely issue resolution.
InformationXMTrading’s support service targets an international audience and is available in eight languages. Traders can request assistance 24 hours a day, five days a week through several communication channels. The partner relations department processes requests from 07:00 to 16:00 GMT.
- Weekday support available around the clock
- Online communication with company representatives
- No 24/7 support
- Some questions may remain unanswered
Available communication channels:
- Online chat on the company website.
- LINE.
- Email.
- Ticket system in the user account.
- Instagram.
Contacts Foundation date 2010 Registration address F20, 1st Floor, Eden Plaza, Eden Island, Mahe, SeychellesOffice 306, 3rd Floor, Ebene Junction, Rue de la Democratie, Ebene, 72201, Mauritius Regulation FSA (Seychelles), FSC (Mauritius) Licence number:
SD010, GB20025835Official site https://www.xmtrading.com/ Contacts international.support@xmtrading.com
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FAQs
How safe is XMTrading in terms of regulation and client protection?
XMTrading has a safety score of 4.9/10, which corresponds to a low security level in this review. It is regulated by the Financial Services Commission of Mauritius (FSC) and the Financial Services Authority of Seychelles (FSA), both classified as Tier-3 regulators, and offers negative balance protection and KYC verification, but it is not tier-1 regulated and there is no specific investor compensation fund mentioned.
What commissions and trading fees does XMTrading charge on its forex accounts?
XMTrading is assessed as having low overall fees, with a fees score of 8/10, and offers tight spreads and no deposit, withdrawal, or inactivity fees according to the review. For Standard accounts, EUR/USD spreads typically range from 0.3 to 0.6 pips and GBP/USD from 0.4 to 0.9 pips, while RAW/ECN accounts have average spreads of 0.1 pips on EUR/USD and 0.15 pips on GBP/USD plus a commission of $3.5 per lot.
What do user reviews say about XMTrading’s overall reliability?
The user satisfaction score for XMTrading is 3.4/10 based on 7 reviews, with 57% of ratings at 1 star and no 4- or 5-star reviews, indicating mostly negative impressions. According to user reviews, 29% are 3-star and 14% are 2-star, suggesting that some users report average experiences but negative feedback dominates.
How easy is it to open a trading account with XMTrading?
The account opening process at XMTrading is fully online, with registration reportedly completed in about 5 minutes and KYC verification within 1 business day. The minimum deposit is $5, which the review describes as a low requirement, although it also notes that the setup process may feel less convenient for beginners.
What feedback is there on XMTrading’s customer support quality?
XMTrading’s customer support is described as having a low level of reliability, with a safety score of 0.9/10 in this area. The review notes that contacting support can be difficult and responses may be slow or incomplete, which may pose risks for users who need timely assistance.
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