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
- FSA (Seychelles)
- FSC (Mauritius)
- 2009
Our Evaluation of XMTrading
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
XMTrading is a moderate-risk broker with the TU Overall Score of 5.77 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by XMTrading clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Brief Look at XMTrading
XMTrading operates with the core mission to deliver unparalleled service in trading currency pairs, CFDs, equity indices, precious metals, and energies. The company is duly regulated by the Seychelles Financial Services Authority (FSA) as a Securities Dealer, license no. SD010 and FSC GB20025835 (Mauritius). XMTrading offers a range of cutting-edge platforms - MT4, MT5, and XM Web Trader – to ensure diverse options and multi-feature trading conditions available for each and every customer. XMTrading is driven by a team of experts with vast experience and strong knowledge of the financial industry.
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Author, Financial Expert at Traders Union
XMTrading offers a comprehensive range of trading services, including Forex, commodities, indices, precious metals, and energies through MT4, MT5, and XM Web Trader platforms. Its clients can choose from Micro, Standard, and Zero accounts, and benefit from minimum deposits of $5, high leverage up to 1:888, and favorable trading fees without additional costs for deposits or withdrawals. The platform's variety supports both novice and experienced traders, providing flexible trading conditions and account currencies in USD, EUR, and JPY.
However, XMTrading faces drawbacks with its Tier-3 regulation by the Seychelles FSA and FSC of Mauritius, lacking Tier-1 oversight, which may concern those prioritizing security. Limited educational resources and non-availability of features like copy trading may also deter some users. Therefore, while experienced traders may appreciate the low trading costs and leverage, beginners or security-focused traders may find it less attractive due to the regulatory status and educational support.
XMTrading Trading Conditions
| 💻 Trading platform: | MT4, MT5, Webtrader, Mobile platforms |
|---|---|
| 📊 Accounts: | Micro, Standard, Zero |
| 💰 Account currency: | USD, EUR, JPY |
| 💵 Deposit / Withdrawal: | Wire Transfer, Credit Card, e-wallets |
| 🚀 Minimum deposit: | 5 USD |
| ⚖️ Leverage: | 1:888 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0,01 |
| 💱 EUR/USD spread: | 0,1 pips |
| 🔧 Instruments: | Forex, Commodities, Equity, Indices, Precious Metals, Energies |
| 💹 Margin Call / Stop Out: | 50/20% |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Mobile Platforms |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market execution |
| ⭐ Trading features: | No |
| 🎁 Contests and bonuses: | No |
XMTrading Key Parameters Evaluation
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Regulation and safety
XMTrading 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) |
Financial Services Commission of Mauritius | Mauritius | No specific fund | Tier-3 |
 FSA (Seychelles) |
Financial Services Authority of Seychelles | Seychelles | No specific fund | Tier-3 |
XMTrading Security Factors
| Foundation date | 2009 |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker XMTrading have been analyzed and rated as Low with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, 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 | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,3 | 0,5 | 0,1 |
| EUR/USD max, pips | 0,6 | 1,5 | 0,5 |
| GPB/USD min, pips | 0,4 | 0,4 | 0,1 |
| GPB/USD max, pips | 0,9 | 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.
XMTrading RAW/ECN spreads
| XMTrading | Pepperstone | OANDA | |
| Commission ($ per lot) | 3,5 | 3 | 3,5 |
| EUR/USD avg spread | 0,1 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,15 | 0,15 | 0,2 |
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 | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
XM Trading offers a wide range of accounts with a minimum deposit of $5, allowing for hedging and holding up to 200 positions simultaneously. The account currencies are USD, EUR, or JPY.
Account types:
Both live and demo accounts are available, enabling trading with virtual funds.
Deposit and withdrawal
XMTrading 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.
- Bank card deposits and withdrawals
- Minimum deposit below industry average
- No deposit fee
- No withdrawal fee
- PayPal not supported
- BTC not available as a base account currency
- USDT 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 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | No | No | No |
What are XMTrading base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. XMTrading supports the following base account currencies:
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.
Markets and tradable assets
XMTrading 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.
- 1300 assets for trading
- Indices trading
- 55 supported currency pairs
- No ETFs
- Copy 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 | Pepperstone | |
| Currency pairs | 55 | 60 | 90 |
| Total tradable assets | 1300 | 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 XMTrading offers for beginner traders and investors who prefer not to engage in active trading.
| XMTrading | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | No | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Contacts
| Foundation date | 2009 |
|---|---|
| Registration address | F20, 1st Floor, Eden Plaza, Eden Island, Seychelles |
| Regulation |
FSA (Seychelles), FSC (Mauritius)
Licence number: SD010, GB20025835 |
| Official site | xmtrading.com |
Comparison of XMTrading with other Brokers
| XMTrading | Eightcap | XM Group | RoboForex | VT Markets | Markets4you | |
| Trading platform |
MT4, MT5, WebTrader, Mobile platforms | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MetaTrader4, MetaTrader5, VT Markets App, Web Trader+ | MT4, MobileTrading, MT5 |
| Min deposit | $5 | $100 | $5 | $10 | $50 | No |
| Leverage |
From 1:1 to 1:888 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:10 to 1:4000 |
| Trust management | No | No | No | No | Yes | No |
| Accrual of % on the balance | No | No | No | 10.00% | No | No |
| Spread | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0 points | From 0.1 points |
| Level of margin call / stop out |
50% / 20% | 80% / 50% | 100% / 50% | 60% / 40% | No / 50% | 100% / 20% |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution |
| No deposit bonus | $100 | No | No | No | No | No |
| Cent accounts | No | No | No | Yes | No | Yes |
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