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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.
Last updated: ·Reviewed by BrokaBoy Research Team
Figures checked: 4 October 2026
XM
Featured10M+ clients, 190+ countries
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 Standard, Ultra Low, Shares 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 (equity dependent), it's positioned for traders getting started who value low deposit and beginners.
Pros & Cons
- $5 minimum deposit
- High leverage available (increases risk of loss)
- Islamic accounts
- Rich educational library
- Not FCA regulated
- Higher spreads on standard
Platforms & tools
Regulation & safety
Fees breakdown
Illustrative summary - confirm current pricing on XM's own website.
Spreads from 0.6 pips on Standard, tighter on Ultra Low; Micro accounts share Standard pricing.
No commission on Micro, Standard or Ultra Low accounts.
Standard nightly swap; Islamic accounts available swap-free.
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
FAQ
What is the minimum deposit at XM?+
XM lists a minimum deposit of $5 to open a live trading account. Confirm the current amount on the broker's website, as it can vary by account type and region.
Is XM regulated?+
XM holds licences with CySEC, ASIC, IFSC, DFSA. The protections you get depend on the regulator and entity you sign up with - see each regulator's page on BrokaBoy for details.
What is the maximum leverage at XM?+
XM advertises maximum leverage of 1:1000 (equity dependent), depending on the instrument and your jurisdiction. Retail leverage may be lower under local regulation.
What are XM's spreads and fees?+
XM advertises spreads 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 Standard, Ultra Low, Shares 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
User reviews
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Ready to open a XM account?
Confirm the current account terms and pricing on the broker's website.
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