XM
XM
8.9/10Founded 2009 · Limassol, Cyprus
Open account at XM
Sponsored · Your capital is at risk
Min Deposit
$5
Spreads From
0.6 pips
Max Leverage
1:1000
Platforms
MT4, MT5
Account Types
Micro, Standard, Ultra Low
Regulators
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
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
MT4
- • Advanced charting & technical analysis
- • Expert Advisors / Algorithmic trading
- • Mobile & desktop versions
MT5
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
Hours
24/5
Live Chat
Available
Email
support@broker.com
Phone
+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
8.9/10
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 TheforexPulse
Last updated: April 14, 2026
This author does not hold positions in any broker reviewed on TheforexPulse.