XM Forex Broker Review – Trading with Ultra Low Spreads

  • Regulation: ASIC, CySEC, FSP
  • Max Leverage: 1:888
  • Minimum Deposit: £5
  • Reward: £5,000
  • Open Account!

XM is one of the foremost online brokerage and trading websites in the current times. It was founded in 2009 and has been active since. It first originated in Limassol, Cyprus, and is currently active in 196 countries worldwide. It has worked its way up to compiling almost 2,500,000 clients across the globe.

It offers 57 currency pairs to its clients at the moment and 1000 CFDs. These CFDs also include five popular cryptocurrencies in the market like Dash, Bitcoin, Litecoin, Ripple, and Ethereum.

This group offers many trading platforms to its clients, making their experience more convenient. These platforms include Web Trader, MetaTrader 4 & MetaTrader 5. However, XM also allows its clients to trade through mobile applications and mobile usage as well. This adds a lot of convenience to the traders.

The broker is duly licensed and is regulated by CySEC and has the license 120/10. XM is registered under Trading Point of Financial Instruments Ltd, where it holds the CySEC license.

Trading Platforms and Features

There are three significant trading platforms offered by the XM group. These are highly capable and easy to use. These platforms make it very convenient for the user to trade online. Apart from this, there is a mobile application also available for users. However, the platforms offered are as follows:

This platform is available to users for trading purposes at all hours of the day. It has minimum requirements for usage. Clients will need a good internet connection, and with the help of professionals from this website, one can trade easily. WebTrader offers a live update to users, which is very beneficial when it comes to online trading and brokerage. These updates can be viewed in the form of charts. Clients can also access live information through this platform and stay updated with the help of graphs and reports. The free version of this platform is available to users for 14 days. This version gives unlimited access to all the facilities this platform has to offer. Another key feature is that the clients can view trades done by other prominent traders conveniently.
MetaTrader 4
This software is available to users on both prominent interfaces, Windows and Mac iOS. MetaTrader 4 is one of the most prevalent trading platforms. This platform has various charts and graphs to keep users updated about their trading patterns online.
MetaTrader 5
This is an all-in-one trading platform for Forex, stocks, etc. Users can benefit from this platform greatly due to the convenience of use. It is available for usage on the XM Group.
Mobile App
All platforms that are utilized by the XM Group possess mobile applications. These apps give users the liberty to keep track of their trades on the go. The applications are available on smartphones and tablets and can be accessed with the use of good internet.


XM Forex broker homepageXM broker offers ample promotions to its users. There is an option for attaining a 15% welcome bonus. This bonus is given to users soon as they join this online trading platform.

Another promotion that the users can find on this website is the 10-year anniversary one. This promotion rewards clients through lucky draws and fun games on the occasion of their 10th year as a trading site.

There is also a loyalty program a customer can avail on this platform. Loyal users are given exciting incentives and rewards through it. Apart from this, there are various other promotions available for customers to enjoy on this trading platform.

Deposits and Withdrawals

Verification is a must on this network if a client wishes to carry out trading through the XM platform. The user can make withdrawals using bank transfers, credit cards or debit cards, and even internet banking. Users can also wire in the money using trusted sources online. The verification process is a must because the network has a strict policy against money laundering. To prevent fraud online, preventive measures like these are taken. Accounts on this platform begin from £5, and trades can be made for over £20,000, so it is essential proper measures are taken in order to avoid illegal activity. After withdrawal is complete, users receive an email confirming a transaction.

Regulation Information

This company was founded in 2009 in Limassol, Cyprus. It is licensed under the number 120/10 by the CySEC, under the name Trading Point of Financial Instruments Ltd.

The XM Group is globally licensed by the by IFSC under license number IFSC/60/354/TS/19. In Australia, Trading Point of Financial Instruments Pt Ltd is licensed by the Australian Financial Services License by ASIC (number 443670).

About the Support Methods

  • Company: XM Group
  • Headquarter: Cyprus
  • Founded: 2009
  • Telephone: +501 223-6696
  • Email: support@xm.com
  • xm.com

One of the most crucial things essential for users in online trading is the customer support provided by their chosen platform. XM boasts about its efficient customer support network, which is available for users at any time of the day.

There are various methods to reach client support in case of any issues faced. Customers can either contact the head office located at No.5 Cork Street, Belize City, Belize, C.A. Either this or clients can contact them through the mobile number provided or the given email address. This proficient way of customer support is one of the reasons why the platform is popular among users.

The customer support is available in 30 languages. XM implores users to contact the regional services before taking their issues higher up in the hierarchy. A 24/7 online support system is also available to the clients. Support is readily available at every stage of the experience.


This platform is extensive and is readily available for users worldwide. Irrespective of where clients are from, anyone can use this network with great ease. One of the reasons why it is so popular among clients is their customer-oriented approach. Help is offered to everyone at every stage of their trading experience. The transparency of work between the platform and the user has created a very trustworthy environment on the network.