XM Review
Beginner-friendly global broker with a $5 minimum deposit, huge educational library, and reports over 10M+ clients in 190 countries.
Visit XM →Spreads by Pair (Pips)
EUR/USD
1.6
GBP/USD
1.8
USD/JPY
1.5
XAU/USD
25
US OIL
—
BTC/USD
—
Trading Conditions
Min Deposit
$5
Max Leverage
1:2000 (FSC Global) / 1:30 (CySEC/ASIC)
Avg Spread
1.6 pips
Commission
$0 (Standard) / Commission applies on Ultra Low
Account Types Offered
| Account | Platform | Spreads | Comm. | Min Dep | Leverage |
|---|---|---|---|---|---|
| Standard | MT4/MT5 | From 1.0 pip | $0 | $5 | 1:1000 |
| Ultra Low | MT4/MT5 | From 0.6 pips | Applies | $50 | 1:1000 |
| Shares | MT5 | Varies | Applies | $10,000 | 1:1 |
Broker Details
Minimum Trade Size
0.01 lots
Maximum Leverage
1:2000 (FSC Global) / 1:30 (CySEC/ASIC)
Minimum to Open Live
$5
Established
—
Address
Suite 101, 63 Eve Street, Belize City, Belize (Global Entity)
Contact
support@xm.com
Regulators
CySEC (Cyprus), ASIC (Australia), IFSC (Belize)
Prohibited Countries
USA, Canada, Israel, Iran, sanctioned countries
Dealing Desk
❌ No
Web Trading
✅ Yes
Mobile Trading
✅ Yes
Trading Instruments
Currencies
1,000+ instruments overall
Cryptocurrencies
Cryptocurrencies available
CFD
1,400+ across Forex, Stocks, ETFs, Turbo Stocks, Commodities, Indices, Metals
Trading Conditions & Methods
Deposit Methods
Credit/Debit cards, Skrill, Neteller, UnionPay, WebMoney, Bank Wire, local methods
Withdrawal Methods
Same as deposit, no fees except sub-$200 bank wires
Pros & Cons
✅ PROS
- + Extremely low $5 minimum deposit
- + excellent educational resources
- + large, established client base
- + no swap Islamic accounts available.
❌ CONS
- - Standard account spreads are wider than ECN-style competitors
- - only MT4/MT5 (no cTrader)
- - leverage capped at 1:30 for EU clients.
About XM
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