What is the minimum deposit at XM?

XM requires a minimum deposit of $5 to open a live trading account.

Yes. XM holds licenses with CySEC, ASIC, IFSC, DFSA. Client funds are held in segregated accounts and retail clients benefit from negative balance protection where required by the relevant regulator.

What is the maximum leverage at XM?

XM offers maximum leverage of 1:1000, depending on the instrument and the client's jurisdiction. Retail leverage may be lower under local regulation.

What are XM's spreads and fees?

Spreads at XM start from 0.6. No commission on Micro, Standard or Ultra Low accounts. Standard nightly swap; Islamic accounts available swap-free.

Which trading platforms does XM support?

XM supports MetaTrader 4, MetaTrader 5 across Micro, Standard, Ultra Low, Islamic account types.

How do I open an account with XM?

Register a Micro, Standard or Ultra Low account Confirm your email and complete the personal details form Validate your profile with ID and address documents Deposit from just $5 using card, wire or e-wallet Download MT4 or MT5 and log in to the live server

Visit XM

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Trading CFDs carries a high risk of losing money rapidly. Confirm this broker's current loss-rate disclosure and regulated entity before opening an account. Read the full risk disclosure.

BrokaBoy/Brokers/XM

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XM

10M+ clients, 190+ countries

4.2BrokaBoy score (see user reviews below for platform ratings)

CySEC · ASIC · IFSC · DFSA

Min Deposit

Max Leverage

1:1000

Spread From

0.6

Platforms

MetaTrader 4

Regulation

CySEC

Founded

2009

Overview

XM is one of the most widely used retail brokers globally, with tight spreads, low minimums and heavy promotional activity. A common starting point for new forex traders.

XM supports Forex, CFDs, Stocks, Commodities, Crypto across 2 platforms, and offers Micro, Standard, Ultra Low, Islamic accounts to cover most trader profiles. Regulation is held with CySEC, ASIC, IFSC, DFSA.

With spreads starting from 0.6 and leverage up to 1:1000, it's positioned for traders getting started who value low deposit and beginners.

Pros & Cons

Pros

$5 minimum deposit
High leverage available (increases risk of loss)
Islamic accounts
Rich educational library

Cons

Not FCA regulated
Higher spreads on standard

Trading conditions

Asset class	Spread	Commission	Max Leverage
Forex majors (EUR/USD)	0.6 pips	$0	1:1000
Indices (US500)	0.9 pts	$0	1:200
Commodities (Gold)	0.80	$0	1:100
Crypto (BTC/USD)	0.5%	$0	1:5
Stock CFDs	0.10%	$0.02 / share	1:20

Platforms & tools

MetaTrader 4

MetaTrader 5

Regulation & safety

XM is regulated across 4 jurisdictions, with client funds held in segregated accounts. Retail clients are protected by negative balance protection where required by the relevant regulator.

Fees breakdown

Illustrative summary - confirm current pricing on XM's own website.

Spread type

Spreads from 0.6 pips on Standard, tighter on Ultra Low; Micro accounts share Standard pricing.

Commission

No commission on Micro, Standard or Ultra Low accounts.

Overnight / swap

Standard nightly swap; Islamic accounts available swap-free.

Withdrawals

XM covers withdrawal fees on most methods; inactivity fee applies after 90 days idle.

Opening an account with XM

1Register a Micro, Standard or Ultra Low account
2Confirm your email and complete the personal details form
3Validate your profile with ID and address documents
4Deposit from just $5 using card, wire or e-wallet
5Download MT4 or MT5 and log in to the live server

User reviews

Reviews below are collected live from independent public review platforms. BrokaBoy does not host, moderate or edit them, and scores change over time. Follow any link to read the full review at the source.

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