XM

4.1(1.800 reviews)

Award-winning broker with extensive educational offerings

CySEC/ASIC/DFSA RegulatedSince 2009

Trust Score

Very Good

Ready in 2 minutes

* External link. BeInOptions receives no compensation from this broker. All information is for educational purposes only and does not constitute investment advice.

5 $

Min. Deposit

Instruments

CySEC/ASIC/DFSA

Regulation

Platforms

Key Features

Forex

Forex trading available

Stocks CFDs

Stocks CFDs trading available

Indices

Indices trading available

Commodities

Commodities trading available

Metals

Metals trading available

Energies

Energies trading available

Crypto CFDs

Crypto CFDs trading available

MT4

Trading Platform

MT5

Trading Platform

XM App

Trading Platform

Advantages

Over 1,000 tradable instruments
Extensive webinars and education
Low minimum deposit ($5)
Triple regulation
Negative balance protection

Disadvantages

CFD trading only
Inactivity fee after 90 days

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* External link. BeInOptions receives no compensation from this broker. All information is for educational purposes only and does not constitute investment advice.

About XM

XM was founded in 2009 in Limassol, Cyprus, and is an award-winning Forex and CFD broker with over 10 million clients in more than 190 countries. The broker is triple-regulated by CySEC (Cyprus), ASIC (Australia), and DFSA (Dubai), providing a high level of international protection. XM is particularly known for its extensive educational offerings, including free webinars, seminars, and tutorials. The trading universe at XM comprises over 1,000 instruments, including Forex, stock CFDs, indices, commodities, metals, energies, and crypto CFDs. The Standard account offers spreads from 0.6 pips, while the XM Zero account provides spreads from 0.0 pips with a $3.50 commission. The very low minimum deposit of $5 and negative balance protection make XM an excellent choice for beginners and education-oriented traders.

XM FAQ

What is the minimum deposit at XM?

The minimum deposit at XM is only $5, making the broker one of the most accessible providers on the market. This applies to the Micro and Standard accounts.

What educational offerings does XM provide?

XM offers one of the most comprehensive educational programs in the industry, including free daily webinars in multiple languages, live seminars worldwide, video tutorials, market analyses, and a free demo account for practice.

Does XM offer negative balance protection?

Yes, XM offers negative balance protection to all clients. This means you can never lose more money than you have deposited in your trading account, regardless of market movements.

What account types does XM offer?

XM offers four account types: Micro (from 0.6 pips, small lots), Standard (from 0.6 pips, standard lots), XM Ultra Low (lower spreads), and XM Zero (from 0.0 pips + $3.50 commission). All accounts include negative balance protection.

Does XM charge an inactivity fee?

Yes, after 90 days of inactivity, XM charges a monthly inactivity fee. It is recommended to perform at least one trading activity per quarter to avoid this fee.