XM Broker Review | Trade Forex Online

XM MT4 Forex Broker

XM MT4 Forex Broker

XM is CySEC,FCA,ASIC regulated forex broker.They are independent broker and they are in industry since: 2009.They don’t accept U.S clients.They offer $5 minimum deposit and their base currencies are AUD,CHF,EUR,GBP,JPY,USD,HUF,PLN,RUB.They provide maximum leverage 888:1.

 XM Broker was Launched in 2009,

XM is the trading name of Trading Point Holdings Ltd., a Cypriot Investment Firm (CIF), registered in the European Union and licensed by Cyprus Securities and Exchange Commission (CySEC).

The company has also set up an units in Australia and in the United Kingdom - Trading Point of Financial Instruments PTY LTD which are  regulated by the Australian Securities and Investments Commission (ASIC), and Trading Point of Financial Instruments UK Limited, which got licensed by UK’s Financial Conduct Authority (FCA) in 2016.

As a further guarantee to clients’ funds, all companies regulated in UK and Cyprus are covered by compensation schemes  which works are your insurance in case the totally mess up and go out of business

. All deposits with a UK regulated forex broker up to £50,000 per client are guaranteed by the Financial Services Compensation Scheme (FSCS) - UK’s statutory compensation scheme for clients of authorized financial services companies.

The  Cypriot Investment Firms are members of the Investor Compensation Fund, which is able to pay compensation up to 20,000 EUR. So a long as you stay with your investment below this amount you are fine no matter wha , the point is of course to make millions , XM MT4 Forex Broker has a good reputation with the regulators which should not be underestimated.

Trading Accounts

XM MT4 Broker offers its clients three types of accounts to choose from: Micro, Standard and Zero.

You may choose from commission-free trading (in Micro and Standard accounts) or tighter spreads, involving commission fees and higher initial deposit (Zero account).

The broker offers high leverage levels and floating spreads. Beginners can sign up for Micro accounts with as little as $5 which is perfect to see if this broker is the broker for you., and micro lots are available for trade on all accounts.

What is more, swap-free (Islamic) accounts are available, designated for clients who are not willing to earn interest for religious reasons.

XM MT4 Trading Conditions

Minimum Initial Deposit 
when you open an account with XM MT4 you have to invest at least $5. Honestly, if you do not have more the $5 don’t think about trading. I like the low entry amount only because you are able to start and test them without hardly any investment.

on the other hand, it shows me that they are very confident in their offering and trading service & conditions for people to end up investing more than just the $5

Spreads & Commissions
This broker offers variable spreads.

The typical ones on commission-free accounts amount to 1.7 pips on EUR/USD, which is somewhat high but high but there a re brokers like etoro that ask for 3 Pips

the conditions on the Zero account spreads averaged 0.1 pips on EUR/USD and commission $5 per standard lot traded (per side). see all the details here below

Micro Account Standard Account XM Zero Accounts
Base Currency Options USD, EUR, GBP, JPY, CHF,‎
Contract Size 1 Lot = 1,000 1 Lot = 100,000 1 Lot = 100,000
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 1:500 ($100 – $20,000)
1:1 to 1:200 ($20,001 – $100,000)
1:1 to 1:100 ($100,001 +)
Spread on all majors As Low as 1 Pip As Low as 1 Pip As Low as 0 Pips
Commission no no yes
Maximum open/pending orders per client 200 Positions 200 Positions 200 Positions
Minimum trade volume 0.01 Lots (MT4)
0.1 Lots (MT5)
0.01 Lots 0.01 Lots
Lot restriction per ticket 100 Lots 50 Lots 50 Lots
Hedging allowed yes yes yes
Islamic Account Optional Optional Optional
Minimum Deposit 5$ 5$ 100$

XM MT4 Bitcoin Trading Conditions

Margin requirement 33 %
Symbols BTCUSD
Description Bitcoin vs US Dollar
Min. Price Fluctuation 0.00100
Value of Minimum Price Fluctuation USD 0.001
Value of 1 lot 1 Bitcoin
Min/Max Trade Size 0.1/10
Swap Value in Margin Currency Long -4.62
Swap Value in Margin Currency Short -4.32
Limit and Stop Levels** 0.1
Total Volume Limit (per account)*** 20
 Trading time (server time) 00:00-00:00 (GMT +3)
** Only if Margin Level is over 100%

*** Note that the maximum trading volume for BTCUSD per client is 20 lots. This limit will be reviewed on a daily basis and updated according to the value of bitcoin.

If you wish to trade more than 20 lots, please send your request by email to your account manager. Please note, however, that in case you are then allowed to trade more than the limit mentioned above (the value to be determined at the time), your margin will be set to 100%.


 XM Trading Platforms

You have the options to trade currencies on both MetaQuotes's platforms - the Metatrader 4 (MT4) and MetaTrader 5 (MT5).

XM MT4 Services

XM MT4 is an internationally acclaimed trading software that has become the benchmark for all other trading software, offering a full array of trading tools and features more than 50 built-in technical indicators, advanced charting package, a wide range of Expert Advisors (EAs) and extensive back-testing options for them.

Traders can download ready-made or create their own EAs and let the program do all the work, no human emotions involved. The MT4 with XN is availavle in all forms and shapes: desktop, web, and mobile.

XM provides XM MT4 Multi-Terminal, which offers a practical and convenient way to manage multiple accounts simultaneously from a single interface (PAMM).( percentage allocated Management Module)

Besides, free Virtual Private Server (VPS) hosting is offered to both new and existing customers of XM who deposit a minimum of $5,000 and trade at least 5 round turn lots per month. VPS hosting allows the execution of orders 24 hours, 5 days a week.

XM MT4 betterMethods of Payment

XM MT4 Forex Broker supports a wide range of payment methods:

credit/debit cards (Visa, Visa Electron, MasterCard, Maestro, China UnionPay, Diners Club International), bank wire transfer and e-wallet payment systems Skrill, Neteller, WebMoneyand many domestic solutions are available, in addition you are able to deposit funds to your trading account through Western Union.

XM covers all deposit and withdrawal transfer fees for payments made via Neteller, Moneybookers and all major credit cards (including VISA, VISA Electron, MasterCard, Maestro and China UnionPay). Additionally, all deposits and withdrawals above 200 USD processed by wire transfer are also included in our zero fees policy.

XM MT4 Broker Details Overview

Broker Type STP
Founded 2009 at Cyprus
Base of Broker Independent Broker
Decimal Pricing 5 decimal
Clients Accept Support all Countries
Account Currencies USD, EUR, GBP, JPY, AUD, CHF, HUF, PLN, RUB
Advantage Minimum Deposit
$5 at Mini Account
Maximum Leverage 1:1000 at Mini Account
Minimum Trade 0.01 Lots at Mini Account
Vip Account Not Available

XM MT4 allow Scalping,Expert Advisor,Trailing Stop,One Click Execution,Hedging for their clients.Traders can get the most trading facilities with this broker.They provide Variable spread and they also offer MAM account.Traders can get the opportunity to trading with swap free account.

Scapling Avaliable
Hedging Available
Expert Advisor Available
Tradable Api Not Available
No – Mini/Standard Accounts
Spread Type Variable
Segregated Accounts Available
Swap Free Accounts Available
Managed Account Not Avaliable

Regulators and Regulations

XM MT4 Forex Broker is headquartered in Cyprus with representative offices operated in the strategic locations of Hungary and Greece.XM is licensed by CySEC under license number 120/10.They are licensed by ASIC under license number443670. They also regulated by AFM,FCA,FSA,BaFIN,CNMV,FSPR.

Registered By:
  • ASIC(Australia)
  • FCA(UK)
  • CySEC(Cyprus)
  • BaFIN(German)
  • FSPR(NZ)
  • CNMV(Spain)
  • FSA(Sweden)
  • AFM(Netherland)
What to Trade on the XM MT4
Currency Pairs   56 Pairs

Tradable Instruments

  • Indices
  • Commodities
  • Energies
  • Stocks
  • Forex
  • Gold & Silver
  • Crypto currencies


XM offer Micro Account,Standard Account,Executive Account for their traders.Traders can choose and open their own account from their website. They offer swap free account so traders can start trading with swap free account.Traders can also trading with 56 pairs (20+ exotic).

Micro Account Standard Account Executive Account
Min Deposit Min Deposit Min Deposit
$5 $5 $10000
Max Leverage Max Leverage Max Leverage
0.658333333 0.658333333 0.180555556
Min Lots Min Lots Min Lots
0.01 0.1 0.1

Broker Service

XM support many kind of language for customer service.They provide their customer support for 24 hours in 5 days.Traders can get customer support very quickly for any problem and information.Traders can get customer service by Call Back,Email,Forums,Live Chat.


Personal Account Manager Avaliable
Telephone Orders Avaliable
Email Response Time 24 Hours
Streaming News Feed Not Avaliable
Mobile Alert Avaliable
Service Hour 24/7
Supported Service Email, Forums, Call Back, Live Chat
Supported Language Arabic, Bangla, Bulgarian, Chinese, Czech, Danish, Dutch, English, Estonian, Farsi, Finnish, French, Georgian, Greek, Hebrew, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Lavian, Malay, Polish, Portuguese, Romanian, Russian, Spanish, Swedish, Taiwanese, Thai, Turkish, Urdu, Vietnamese
Trading Platform

XM Provide MetaTrader4 for their traders.Traders can get this MT4 easily from their website.Traders can also trading with Web Trader and they can using their web browser for this.Traders can trading with operating system by windows,mac,android,iphone,ipad.

Server Time Zone : GMT +2

Tradable Software: Meta Trader 4, Web Trader

Support :Android, Windows, Mac, IPad, IPhone,

 Accepted Payments Methods

XM support many kind of payment method which are Credit Card,Union Pay,Wire Transfer,Skrill,Neteller,Fasapy,Qiwi,Webmoney.   Traders are able to select the payment method of their choice.

Payment Method
  • Skrill
  • Credit Card/ Debit Card
  • Union Pay
  • CashU
  • Neteller
  • Webmoney
  • Wire Transfer
  • fasapay
  • Paysafe
  • QIWI
  • Sofort

Contact Details

 Support Number: +357 25029933
Address:  12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus

Trading Forex, Stocks and CFDs carries risk and could result in the loss of your deposit, please trade wisely.

Bitcoin Trading Platform for retail Trading Bitcoin
User Rating
4 based on 1 votes
Service Type
Bitcoin Trading Platform for retail Trading Bitcoin
Most of the World
XM.com offers cryptocurrency trading to their clients. Bitcoin is is the preferred digital currency of the world at the moment and this Broker listens to the market. you will find here a full review and all broker details to be able to make an informed decision whether XM.com is the right Forex broker for you.
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