Overall, XM.com is considered a trustworthy and safe broker with average risk with spreads as low as 0.6 pips and an above-average trust score of 84 out of 99. XM Group is not publicly traded company but is authorized by two tier-1 regulators (high trust)
XM.com at a Glance
| ? Broker’s Name | XM.com |
| ?️ Headquarters | UK |
| ? Year Founded | 2009 |
| ⚖️ Regulating Authorities | FCA |
| FSC No | license number 000261/158 |
| ? Countries not accepted for trade | United States |
| Account Types | Micro Account; Standard account; Ultra Low Account; Shares Account |
| ? Bonus | Yes, $30 / R480.00 ZAR |
| ? Demo Account | Yes |
| ? Fees | from $ 3.5 / R56 ZAR |
| ? Spreads | spreads from 0.6 to 1.7 pips |
| ? Commission | commission-free trading depending on account selected |
| ✴️ Institutional Accounts | No |
| ??? Managed Accounts | No |
| ⬆️ Maximum Leverage | 1:888 |
| ? Minimum Deposit | $5 /R80 ZAR |
| ? Deposit Options | Bank Wire Transfer Local Bank Transfer Credit/Debit Cards Neteller Skrill, and more. |
| ? Withdrawal Options | Bank Wire Transfer Local Bank Transfer Credit/Debit Cards Neteller Skrill, and more. |
| ? Platform Types | MetaTrader 4 and MetaTrader 5 |
| ? OS Compatibility | Web browsers, Windows, MacOS, Linux, Android, iPhone, tablets, iPads |
| ? Tradable assets offered | Forex, commodities, cryptocurrency, shares, indices, metals, energies, options, bonds, CFDs, and ETFs |
| ? Languages supported on Website | 23 Languages |
| ? Customer Support Languages | 23 Languages |
| ⏲️ Customer Service Hours | 24/5 |
| ? Open an Account | ? Click Here |
XM.com Review – 15 key points quick overview:
- ✔️XM.com at a Glance
- ✔️XM Overview
- ✔️XM Safe or a Scam?
- XM.com Pros and Cons
- XM Leverage
- XM Accounts
- XM Account Overview
- XM Market Instruments
- XM Fees
- XM Deposit and Withdrawal
- XM Trading Platforms
- XM Customer Support
- XM Education
- XM Conclusion
- Frequently Asked Questions
XM Overview
XM.com is a leading online global broker that was founded in 2009 and headquartered in Cyprus.
XM.com has since grown to become a large and well-established international investment firm and a true industry leader with more than 2 500 000 clients from 196 countries.
XM.com is a leading broker in the Foreign Exchange Market and the company accepts traders from Australia, Thailand, the United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, and most other countries except the United States, Canada, Israel or Iran. The Foreign Exchange market is one of, if not the most liquid market in the world.
Did you know: XM is also known as XM Global, XM Markets, XM Group or XM Broker.
XM.com is operated by more than 450 professionals with years of experience in the financial industry and this, combined with the resources and support for well over 30 languages, makes XM.com a broker of choice for traders of all levels.
XM.com offers more than 25 secure payment methods, 16 full feature trading platforms, and 24/5 personal customer service.
More than 99 % of all XM.com orders are executed in less than a second, with no re-quotes or rejections. Their clients benefit from Negative Balance Protection, so they are never at risk of losing more than their account balance.
XM, Safe or a Scam?
One of the best means of measuring the safety of a broker like XM Global is to establish which regulating authorities are watchdogs over its actions.
XM Group is licensed by ASIC in Australia (Trading Point of Financial Instruments Pty Limited), the IFSC in Belize (XM Global Limited) and by CySEC in Cyprus (Trading Point of Financial Instruments Ltd).
XM.com is globally renowned, with clients from over 196 countries and staff speaking more than 30 languages. XM.com’s management has visited over 120 cities globally in the quest to understand clients’ and partners’ needs.
XM.com clients can choose to trade forex and CFDs on stock indices, commodities, stocks, metals, and energies from the same trading account. Their wide range of trading instruments available from a single multi-asset platform XM makes trading easy and efficient.
There are no hidden terms at XM.com, whether you look at pricing, execution, or promotions.
All their systems are built and updated with the client’s welfare in mind. The account opening procedure, managing your account, depositing or withdrawing funds and trading are all straightforward and simple.
XM Leverage
Leverage is a facility that enables you to get a much larger exposure to the market you’re trading than the amount you deposited to open the trade.
Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss.
The leverage amount is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate to 500:1.
Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin.
For example, on a 1% margin, a position of $1,000,000 will require a deposit of $10,000. The margin level in a trading account needs to be equal to or more than 100% to be able to open new trades, otherwise, your trading account will be fully hedged.
Depending on the instrument, the leverage can range from 2:1 to 30:1. This is flexible, and XM Global offers its clients the chance to manage their own leverage risk.
Margin requirements remain constant throughout the week and never widen at weekends or at night. This leverage applies to clients registered under the EU-regulated entity of the group.
XM Accounts
Often, the number and type of accounts that a trader can open with a broker company differ depending on the country in which it operates and the regulatory authorities under whose jurisdiction it falls.
In the case of XM.com, they offer trading accounts with exceptional conditions.
XM Account Overview
| ? Accounts | ✅ Micro Account | ✅ Standard Account | ✅ Ultra Low Account | ✅ Shares Account |
| Base Currency Options | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR |
USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR |
EUR, USD, GBP, AUD, ZAR, SGD | USD |
| Contract Size | 1 Lot = 1,000 | 1 Lot = 100,000 | Standard Ultra: 1 Lot = 100,000 Micro Ultra: 1 Lot = 1,000 |
1 share |
| Leverage | 1:1 to 1:888 ($5 – $20,000) 1:1 to 1:200 ($20,001 – $100,000) 1:1 to 1:100 ($100,001 +) |
1:1 to 1:888 ($5 – $20,000) 1:1 to 1:200 ($20,001 – $100,000) 1:1 to 1:100 ($100,001 +) |
1:1 to 1:888 ($5 – $20,000) 1:1 to 1:200 ($20,001 – $100,000) 1:1 to 1:100 ($100,001 +) |
No Leverage |
| Negative balance protection | ✔️ | ✔️ | ✔️ | ✔️ |
| Spread on all majors | As Low as 1 Pip | As Low as 1 Pip | As Low as 0.6 Pips | As per the underlying exchange |
| Commission | ❌ | ❌ | ❌ | ✔️ |
| Maximum open/pending orders per client | 300 Positions | 300 Positions | 300 Positions | 50 Positions |
| Minimum trade volume | 0.1 Lots (MT4) 0.1 Lots (MT5) |
0.01 Lots | Standard Ultra: 0.01 Lots Micro Ultra: 0.1 Lots |
1 Lot |
| Lot restriction per ticket | 100 Lots | 50 Lots | Standard Ultra: 50 Lots Micro Ultra: 100 Lots |
Depending on each share |
| Hedging allowed | ✔️ | ✔️ | ✔️ | ❌ |
| Islamic Account | Optional | Optional | Optional | Yes |
| Minimum Deposit | 5$ | 5$ | 5$ | 10,000$ |
| Open an Account Today | ? Click Here | ? Click Here | ? Click Here | ? Click Here |
XM Market Instruments
With XM Markets clients can trade more than 1000 instruments anytime and anywhere. These include:
- CFDs on Forex, Shares, Indices, Commodities, Metals, and Energies
- Forex Trading on 55+ global currency Pairs
- CFDs on Indices – Major global indices
- Commodities CFDs – Sugar, cocoa, wheat, and more
- CFDs on Stocks – Over 600 companies
- CFDs on Metals – Gold, Silver, Palladium, and more
- CFDs on Energies – Oil, Gas and all major energies.
XM Fees
Due to its global presence, XM.com may offer various account types that may differ according to the regulated entity to which it complies, therefore clients may experience different fee structures too, according to their country or place of residence.
Applicable fees, including the Minimum deposit, are set out on the related pages of their website, but in general, there are no hidden fees or commissions, with all e-wallets 100% covered, all major credit cards 100% covered and wire transfers above 200 USD covered.
XM Deposit and Withdrawal
XM.com offer the following payment methods for clients to fund their accounts: Credit cards, Bank Transfer, Payoneer, Neteller, and UnionPay.
Deposits can be made in any currency and will be automatically converted into the currency selected as your base currency when opening the account.
All withdrawals are processed within 24 hours and users of XM Card or any eWallet methods will receive their money on the same day the request has been processed. Wire Transfer and credit or debit card users will have to wait 2-5 working days.
The minimum withdrawal amount is $5 / R 80.00 ZAR .
To withdraw funds, click the “Withdrawal” button on the My Account page. After logging in to your account, click “Withdrawal” on the menu, select the withdrawal method similar to the deposit method, and enter the amount you wish to withdraw.
XM Trading Platforms
A forex trading platform is in essence the software provided by XM Markets to its clients to carry out their trades.
A multi-asset trading platform is one that allows clients to trade forex but other asset classes, including CFDs on stocks, stock indices, precious metals, and cryptocurrencies as well.
The decision of which platform to choose will always depend on what a client would like to trade.
XM.com offers two families of trading platforms: The MT4 family of platforms and the MT5 family of platforms, which also includes the XM WebTrader.
These platforms are available for Windows or Mac applications, browser-based (web-based) non-downloadable applications, and applications for your smartphones.
XM.com offers forex trading (currency trading) on all these platforms. Clients can select the trading platform of their choice after they have chosen the trading account that meets their needs during registration.
The XM MT5 offers all the features of MT4 and 300 additional stocks (shares) CFDs, making it the ideal multi-asset platform.
Traders can practice their skills by opening up to five demo accounts with XM.com.
The process requires the trader’s personal details, country of residence, phone and email, preferred language and preferred trading account and trading platform details, as well as account base currency, leverage and investment amount.
It is easy and quick to complete registration for a live account too. Clients should complete the form using English alphabet characters with their first name and surname as displayed in their identity document.
They also need to provide details regarding their country of residence, preferred language, phone and e-mail and preferred trading account and platform details.
An existing XM.com Real Account holder can register an additional account through the Members Area with one click and no additional validation.
XM.com vs NAGA vs eToro – A Comparison
| ? Broker | ? NAGA | ? eToro | ? XM.com |
| ? Established | 2015 | 2007 | 2009 |
| ? Headquarters | Cyprus.UK | Cyprus.UK | Cyprus.UK |
| ?Minimum Deposit | $250 /R 4000 ZAR | $10 / R160 ZAR | $5 USD / R 80 ZAR |
| ? Demo account | Yes | Yes | Yes |
| ? Islamic account | Yes | Yes | Yes |
| ? Forex (Currency) | Yes | Yes | Yes |
| ? Platforms | MT4, MT5, Desktop platform, Web platform, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac |
| ? Live Chat | Yes | Yes | Yes |
| ? STP broker (STP) | Yes | Yes | Yes |
| ? Bitcoin | Yes | No | No |
| ?Risk Warning | Your capital is at risk | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits |
XM.com Current Popularity Trend
According to Google Trends, here is an overview of how frequently the search term – “XM.com” is entered into Google’s search engine over a given period of time
XM.com Pros and Cons
| ✔️ Pros | ❌ Cons |
| Licensed and Regulated (ASIC, Cyprus Securities and Exchange Commission & IFSC)No banking license | No banking licence |
| Tight spreads available | Increased spreads on the Micro and Standard accounts |
| 55+ Currency pairs to trade with | No 24/7 Customer support |
Best Countries by Traders
| ? Country of Trade | ? % of Traders |
| ? Thailand | 32.45% |
| ? South Africa | 10.96% |
| ? Columbia | 9.27% |
| ? Egypt | 5.45% |
| ? Philippines | 5.14% |
| ? Others | 36.73% |
XM.com Customer Reviews – TrustPilot
Up to my expectations
Have been to many brokers but what I like about XM is their support.
Encountered some issues in the past and my Account Manager Roman has been the best at solving everything.
I think this company has a lot more to offer, they have been adding changes, and when you see a company doing this that often it means that they never settle.
Looking forward to seeing some more exciting updates!
Check their Live TV! I am in love with one of their presenters!
I will always choose XM
Competitive spreads, fast and reliable deposits, and withdrawals. Many instruments. The only broker with fair terms and conditions for bonuses. Excellent promos!
XM Customer Support
Potential traders need to make sure the broker company they choose will offer support and help whenever they may need it. In the case of XM.com they offer 24/5 hour live help by a professional Customer Support department. A comprehensive FAQ page provides you with guidance and answers at any time and within minutes. If you can’t find answers on this FAQ page, you can contact XM.com via their email address or live chat.
XM Education
Before starting to trade, potential clients of XM.com should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading.
If the XM.com website itself does not provide enough means, a trader should explore other informative websites and means to obtain that knowledge.
Traders can enjoy live education on Business days – Monday to Friday 05:00 – 15:00 GMT English and learn about the offered products and services, get questions answered by the hosts and enter daily competitions to win exclusive prizes.
XM.com also offers educational videos specially designed to teach all viewers everything they need to know for a successful trade.
The Primary video series is free to view by everyone interested in online trading, while access to the Intermediate video tutorials is only available for clients with a real account. Forex Webinars are offered in 19 Languages, seven days a week, by 42 webinar instructors. A large selection of languages makes this video series available to a large number of traders across the globe, including African traders.
Platform Tutorials provide users with more answers and Forex Seminars explain the foundations of technical analysis and how they are applied to intraday trading.
XM Conclusion
Overall, XM.com is considered a safe, trustworthy broker with average risk with spreads as low as 0.6 pips, leverage ranging from 1:100, and a trust score of 84 out of 99. XM Group doesn’t operate a bank and is not publicly traded but is authorized by two tier-1 regulators (high trust)
XM.com can be summarily described as a worthwhile company for potential traders, retail traders, experienced traders, or professional traders, knowing that they approach your needs with openness to cultural, national, ethnic, and religious diversity.
Their advanced trading platforms and flexible trading conditions suit a diverse global clientele. Their expertise is due to extensive experience and knowledge of the global financial markets
Disclaimer
XM.com warns all potential customers that Forex and CFDs trading always carries a high level of risk and may not be suitable for all investors.
Before deciding to trade the products offered by XM.com, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.
XM.com warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable, hence XM.com cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.
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Frequently Asked Questions
What is the cost of trading with XM.com?
The cost of trading with XM.com is a minimum deposit requirement of only $5 / ZAR77 at the current exchange rate at the time of writing.
Does XM.com have Volatility 75 trading?
No. XM.com does not have Volatility 75 trading
Does XM.com have Nasdaq?
Yes, Nasdaq is offered as cash and futures CFDs.
Is XM.com a scam or fake?
XM.com cannot be regarded as a scam or fake as it is regulated by several top-tier financial authorities ASIC, FCA, and CySEC. Trust Score is 84/99.
Is XM.com safe and secure?
Yes, XM.com is 100 % safe and secure.
Featured SA Shares Writer and Forex Analyst.
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