Minimum Deposit: $5
Regulation: IFSC (Belize), ASIC (AU), CySEC (CY)
Spread On EUR/USD: 1.8 pips
Tradable Assets: 300+
Maximum Margin: 888:1 *This Leverage does not apply to all the entities of XM Group. Leverage depends on the financial instrument traded. The maximum leverage for clients registered under the EU regulated entity of XM Group is 30:1.

XM Group Broker Review 2021





Tradable Assets




Customer Support





  • Fully regulated by CySEC, IFSC and ASIC
  • Forex Islamic accounts available
  • Over 20 supported banking methods
  • Unlimited demo account
  • $5 minimum deposit


  • Deposits via PayPal not accepted
XM banner

XM Group is a group of regulated online brokers.

Trading Point of Financial Instruments Ltd is established in 2009 and it is regulated by the Cyprus Securities and Exchange Commission (CySEC), Trading Point of Financial Instruments Pty Ltd is established in 2015 and it is regulated by the Australian Securities and Investments Commission (ASIC) and “XM Global Limited was established in 2017 with headquarters in Belize and it is regulated by International Financial Services Commission (000261/158).

They are highly regarded for offering a range of MT4/MT5 platforms across various workstations but is this the only advantage that they have?

Let’s get down to business!

XM Group Overview
Founded 2009 – Trading Point of Financial Instruments Ltd
2015 – Trading Point of Financial Instruments Pty Ltd
2017 – XM Global Ltd
Platform MT4 for PC, MT4 for Mac, MT4 Multiterminal, MT4 WebTrader, MT5 for PC, MT5 for Mac, MT5 WebTrader, MT4 for iPhone, MT4 for Android, MT5 for iPhone, MT5 for Android, MT4 for iPad, MT4 for Android, MT5 for iPad, MT5 for Android
Minimum account size $5
Minimum lot size 0.01
Tradable assets 300+
Maximum margin 1:888 (*Leverage depends on the financial instrument traded)

(30:1 EU, Australia)

Spread on EUR/USD 1.8 pips
Payment methods Multiple local payment methods
Demo account Unlimited time
Accepts US traders No
Regulated IFSC (Belize) – XM Global Ltd
ASIC (AU) – Trading Point of Financial Instruments Pty Ltd (XMAU)
CySEC (CY) – Trading Point of Financial Instruments (XMCY)
Support Phone, Fax, Email, Live Chat

Registration 10/10 5 out of 5 stars

XM supports traders from most countries and there are only a few exceptions such as the USA and Canada.


Here’s a tip:

If you’re unsure if they will accept clients from your country, you just need to visit their registration page, click on the Country of Residence dropdown list and see if your country is available.


The minor downside is:

You won’t be able to sign-up using your social media accounts but as we said, this is a minor issue.


So how to sign-up with XM Group?

Via the online registration form, you need to supply them the following information:

  • First and last name
  • Country of residence
  • Preferred language
  • Phone number
  • Email address
  • Preferred trading platform type
  • Preferred account type

After submitting these details, you will be taken to the second and last part of the registration where you will need to fill-in your date of birth and complete address. You’ll also need to accomplish your trading account details, investor information, investor profile and knowledge & experience.


A word of caution:

The sections Investor Profile and Knowledge & Experience will determine whether you can open a trading account with them so be sure to answer them correctly and accurately.


Want to register now with XM? You can click on the button below and we’ll take you straight to the sign-up page:


Visit XM registration page

Account Types 8/10 4 out of 5 stars

XM Group offers several account types and you’ll have the flexibility to choose the most appropriate one that is suitable for your trading needs and goals.

As of this writing, the following accounts are offered by XM Global:

  • Micro
  • Standard
  • Ultra Low
  • Shares

Each account type has a suite of features and perks such as base currency options, contact size, leverage, commission, maximum open/pending orders, minimum lot size, lot restriction per ticket, bonuses and others.


And here’s the surprise: BONUSES!

What makes XM a standout from the rest is that they continue to offer an attractive bonus of up to $5,000!

This two-level welcome bonus is among the highest trading promotions in the market today particularly from an established online brokerage and not just from unknown brands.


XM banner


Take note:

The availability of the bonuses and types of accounts vary and will be dependent on the country from which you are based in. *Clients registered under the EU regulated entity of the Group are not eligible for the bonuses and/or promotions.

For example, in Australia, they offer Micro, Standard and Ultra Low. If you’re in Cyprus, your account options are Micro, Standard and XM Zero.

Demo Account 10/10 5 out of 5 stars

Opening an account with XM Group will give you access to their free demo account that will allow you to make practice trades with live market conditions.


And here’s the good news:

The $100,000 virtual funds won’t have an expiry so you’ll have the liberty to use it at your own pace and as long as you want.

If in case that you’ve already used up these virtual funds, you just need to open another demo account but you can only do this for 5 times.


We can’t emphasize enough…

If you’re a beginner then we STRONGLY recommend that you take advantage of this free feature in order to learn the platform, maximize its usage, explore other features and even try out all possible strategies so you can discover which one works best for you and prepare yourself for live market trading.

Payment Methods 10/10 5 out of 5 stars

XM Group’s supported payment methods is quite extensive and adds more flexibility on adding funds into the account.

They accept the most commonly used local payment methods today including:

  • Credit/Debit cards
  • Online bank transfer
  • Neteller
  • Skrill (MoneyBookers)
  • WebMoney
  • SticPay

And currency is accepted since it will be converted automatically into your account’s base currency based on the prevailing inter-bank price.


The cool thing is:

XM Group won’t charge you with transaction fees for both deposits and withdrawals. Deposits less than $200 for international bank wire transfer however are not covered.

Minimum Deposit 10/10 5 out of 5 stars

Opening a Standard or Micro account starts with just a minimum deposit of $5 which is extremely lower than the requirements of other forex brokers.

For the Ultra Low and Shares accounts, the minimum deposit requirements are $50 and $10,000, respectively.

Such affordability is an opportune way for those who want to start with a low trading capital and also for starters since there’s no need to deposit a very large amount and it effectively allows proper fund management.

Platforms 8.8/10 4.4 out of 5 stars

XM has an extensive range of MetraTrader 4 and 5 platforms that can be accessed using just one account:

  • MT4 for PC
  • MT4 for Mac
  • MT4 Multiterminal
  • MT4 WebTrader
  • MT5 for PC
  • MT5 for Mac
  • MT5 WebTrader
  • MT4 for iPhone
  • MT4 for Android
  • MT5 for iPhone
  • MT5 for Android
  • MT4 for iPad
  • MT4 for Android
  • MT5 for iPad
  • MT5 for Android

For desktops, it can be installed and run on both Windows and Mac operating systems while in the mobile platform, they have dedicated apps for smartphones and tablets that are running Apple or Android operating systems.

In addition, they also have WebTrader platforms that can be accessed with any web browser.


Practically speaking…

They have every solution for almost any kind device or computer.

Design 10/10 5 out of 5 stars

XM definitely found a way to make their interface very inviting and this can be credited to their organized but simple layout.

Regardless if you use the desktop, mobile or the web-based platform, you can easily log-in and trade without any delays or long waiting time.

XM MT4 WebTrader platform

XM MT4 WebTrader platform

Tradable Assets 8.8/10 4.4 out of 5 stars

This broker has more than 1000 financial instruments which can be traded on the MT4/MT5 platforms and this includes Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs and Energies CFDs.


Here are the current instruments that you can invest on:



If you’re into currency trading, you’ll have plenty of currency pair options including majors (EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD and USD/CAD), minors (EUR/GBP, EUR/AUD, GBP/JPY, CHF/JPY, NZD/JPY and others) and exotics (USD/SEK, USD/NOK, EUR/TRY, USD/TRY, USD/DKK, USD/HKD and others).



Common commodities like cocoa, coffee, corn, cotton, soybean, high grade copper, soybean, sugar and wheat are available for trading.


And another thing:

Precious metals including gold and silver, and energies such as Brent crude oil, London gas oil, natural gas and WTI oil are also available.



You can invest on popular equity indices like ASX 200, China 50, EURO STOXX 50, CAC 40, DAX, FTSE.AT, HSI, FTSE MIB and Nikkei on cash and futures CFDs.



Choices are aplenty for stocks trading via XM Group as their platforms will give you access to various shares of popular companies in the US, Australia and EU (Austria, Belgium, Finland, France, Germany, Greece, Italy, Netherlands, Norway, Portugal, Russia, Spain, Sweden, Switzerland and UK).

Minimum Lot Size 10/10 5 out of 5 stars

We can’t emphasize enough:

The size of your lot will directly influence your risk management and the smaller the lot, the better you can control your risk.

Most retail brokerages allow their clients to trade with micro lots which means a Buy or Sell order will be placed for 1,000 units.


The fact of the matter is…

Micro lots are the smallest tradable lot size that are usually allowed by most brokers and the good news is that this brokerage offers the same size for specific account types.

For Micro accounts, XM Group’s minimum accepted lot size is 1 lot or 1,000.

For the Standard account, it’s 100,000 units while for the Ultra Low, the Standard Ultra account’s minimum accepted size is 100,000 and 1,000 for the Micro Ultra.

Spreads 9.9/10 5 out of 5 stars

With XM’s tight spreads the prices don’t need to move as much in order to make a profit.

The spread for the EUR/USD currency pair is 1.8 pips which is already considered to be better than what most brokers can provide.

XM banner

Quotes Accuracy 9.5/10 4.8 out of 5 stars

It is always important to trade with a forex broker that has accurate market prices because this is where your decision will be largely based on.


And as it turns out…

The several tests that we’ve done with their platform showed no signs of delays or manipulation with their quotes and the same price is shown for both pre and post deals.

Withdrawal Time 10/10 5 out of 5 stars

All withdrawal requests are processed within 24 hours if the funds are transferred to XM Cards or any of the supported e-wallet methods.


Meanwhile, credit/debit card and bank wires on the other hand can take 2 to 5 business days.

Based on the several withdrawal tests that we made, they were able to fulfill these requests and we were able to get the money back just as they promised.

Customer Support 8.7/10 4.4 out of 5 stars

XM Group can be reached via phone, fax, email or live chat.

That means you have the option to contact them in almost every channel possible and saving you a lot of time and effort.


So how was our experience with XM’s support team?

Based on our actual conversation with their support agent, we find them to be very direct in providing answers to any of our questions and we never experienced any sort of marketing schemes that other agents from other forex brokers usually do.



Our discussions with them ended with positive results.

XM support page

XM support page

Credibility 8.9/10 4.5 out of 5 stars

Regardless of the fact that XM Group is a regulated online broker, they are very popular in the forex trading community.


In fact…

Most of the reviews and comments praise them for having multiple online trading platforms and very flexible trading conditions.

This is based on the verified and professional user comments and reviews that we’ve collected from several trusted review sites, forums, trading sites and social media.


Here are some of them:

XM real user comment

XM real user comment

XM real user comment

XM real user comment

XM real user comment

XM real user comment

Regulation and License 10/10 5 out of 5 stars

XM Group is licensed and regulated by the following:

  • International Financial Services Commission (IFSC) – XM Global Limited (Belize) with license number 000261/158.
  • Australian Securities and Investments Commission (ASIC) – Trading Point of Financial Instruments Pty Ltd (XMAU) with license number 443670.
  • Cyprus Securities and Exchange Commission (CySEC) – Trading Point of Financial Instruments (XMCY) with licence number 120/10.

This means that they are abiding by the rules and regulations that are set by these trusted financial authorities so you can trade with peace of mind.


XM logo

Conclusion 9/10 4.5 out of 5 stars

Aside from the fact that XM Group is a group of regulated online brokers, there are plenty of other compelling reasons why they topped our list of recommended forex brokers today.

To begin with…

The wide range of tradable instruments, the multiple online trading platforms, the fast processing of withdrawals and the highly flexible trading conditions are just some of its strong advantages.

In addition to that…

An unlimited demo account and extremely low deposit is also worth mentioning.

So it all adds up to this:

XM Group has all the attributes of being a trusted and superior broker for any forex and CFD trader.


Sign-up with XM!

Forex and CFD trading involves significant risk to your invested capital.

XM banner

  1. Of all the brokers I tried, XM has the best customer service. They really do take care of their clients.

  2. What I love about XM is that they allow trading seminars for newbies so they can learn new things.

  3. I am not so sure about the webinars about cryptos but they do offer crypto trading now.

  4. Do they allow cryptocurrencies in their platform now?

  5. Do they have an upcoming webinar about cryptocurrencies?

  6. You may check their webinar page for more details so you may book yourself in advance for future training online.

  7. You basically need to keep in touch with your account manager to start attending the webinar, they are the one who are supposed to find a slot for you.

  8. What are the things I need to be able to register for a webinar with xm?

  9. Can you explain to me a little about the XM USain Bolt partnership?

    • Usain Bolt has signed an agreement to become an official brand ambassador of forex and CFD broker of XM, so you will likely gonna see a lot of XM when UBolt is around.

  10. I want to gain access with the XM MT4 platform, do I need to download it on my PC?

    • Yes, you need to download the MT4 platform in your pc, but there is also an option for the MT4 webtrader.

      • I haven’t heard much about the webtrader? Were the number of instruments from the downloadable MT4 and webtrader MT4 are just the same?

  11. I want to try the demo account for the XM webtrader and I want to know if it is easy to make a registration for such account?’

    • The initial suggestion was good but they fail to mentioned that you will be using the same webtrader for the real money account, and that means that the experience you got from demo is so close to having the real one.

    • Hi Nell I wish you a good day! All I can say is that you only need a valid email for the registration and you can have an easy access for the demo account.

  12. You may find a lot of Technical Analysis in the main page of XM broker. You may have enough time reading and finding the correct signals for your trade.

  13. XM has a great webtrader. You can try the it in demo account mode or you may try it for the real money account which makes it easier to place a trade.

  14. I was finding ways to further learn forex and trade at the same time, luckily, I was able to make an account with XM because they offer a lot in their educational section which I find really helpful.

  15. Their forex seminars are very informative. I was able to attend one and learned a lot.

  16. Nice to read all these nice comments. How about withdrawals?

  17. The webtrader platform is what I always use. It’s easier to access.

  18. Never had any problems with this broker plus their 1:888 margin is one of the highest in the market.

  19. The $5 minimum deposit is one of the reasons that I registed with them. It allowed me to manage my funds well.

  20. XM offers higher bonuses compared to the other brokers I’ve signed-up with before. Profits are also much better.


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