XM
Sponsored · Your capital is at risk
$5
0.6 pips
1:1000
MT4, MT5
Micro, Standard, Ultra Low
CySEC, ASIC, IFSC, DFSA
Pros & Cons
Pros
- Ultra-low $5 minimum deposit
- Extensive educational resources
- Multilingual support 30+ languages
Cons
- Wider spreads on Standard
- Limited stocks CFDs
Regulation & Trust
License #533884
License #380305
License #494974
License #625875
Investor Protection: Clients are covered by the relevant compensation scheme in each jurisdiction, with up to $500,000 in SIPC coverage for US-regulated entities and up to 20,000 EUR under ICF for CySEC.
Trading Conditions
| Feature | Raw Account | Standard Account |
|---|---|---|
| Spread Typical | 0.6 pips | 0.6 pips |
| Execution Model | ECN/STP | ECN/STP |
| Max Leverage | 1:1000 | 1:1000 |
| Margin Call | 100% | 100% |
| Stop Out | 50% | 50% |
Platforms & Tools
MT4
- • Advanced charting & technical analysis
- • Expert Advisors / Algorithmic trading
- • Mobile & desktop versions
MT5
- • Advanced charting & technical analysis
- • Expert Advisors / Algorithmic trading
- • Mobile & desktop versions
Deposit & Withdrawal
| Method | Min | Max | Fee | Processing |
|---|---|---|---|---|
| Bank Transfer | $5 | Unlimited | Free | 1-3 days |
| Credit/Debit Card | $5 | $100,000 | Free | Instant |
| PayPal | $5 | $50,000 | Free | Instant |
| Skrill/Neteller | $5 | $50,000 | Free | Instant |
| Crypto (BTC/USDT) | $5 | $500,000 | Free | 10-30 min |
Supported Instruments
Customer Support
24/5
Available
support@broker.com
+1-800-XXX-XXXX
Who Is XM For?
Best for
- Scalpers needing ultra-low spreads
- Algo traders using Expert Advisors
- High-volume traders seeking raw pricing
- Traders wanting multiple platform choice
Not ideal for
- Complete beginners needing hand-holding
- Traders looking for extensive education
- Those wanting a proprietary platform
Compare XM
Frequently Asked Questions
Final Verdict
XM stands out with 0.6 pips spreads and 1:1000 leverage, making it a strong choice for experienced traders. With regulation from CySEC, ASIC, IFSC, DFSA, it provides a secure trading environment. The availability of MT4, MT5 ensures traders have access to industry-standard tools. While educational content could be improved, the competitive pricing and execution quality make XM one of the top brokers in the market.
Alex Turner
Senior Forex Analyst at ForexPulse
This author does not hold positions in any broker reviewed on ForexPulse.