Cyprus
Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!
Your Capital is at risk.
XM Group is a financial brokerage with 55+ currency pairs and over 600 company shares. The company's trust score on the Trustpilot platform is 2.3/5, with more than 600 reviews. Users on ForexPeace Army has given an average of 3.1 out of 5 to the discussed broker.
Founded in 2009, XM Group has built a global reputation with over 10 million clients and more than 2.4 billion trades executed. The broker operates from multiple international offices including Cyprus, South Africa, Dubai, and Belize.
XM forex broker is regulated by several top-tier authorities, including the Australian Securities & Investment Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). Although not publicly traded and without a banking license, XM benefits from strict oversight under four Tier-1 regulators and additional regional frameworks.
With a low minimum deposit of $5 and access to over 1,400 CFDs — including 55 forex pairs — XM has positioned itself as a competitive MetaTrader-only broker. Its execution policy includes guaranteed fills for orders up to 50 lots, appealing to both novice and professional traders seeking reliability and transparency. Beside all of these features, each of XM branches has unique entity features, which you can see in the table below:
| Entity Parameters/Branches | Trading Point of Financial Instruments Ltd | Trading Point of Financial Instruments Pty Ltd | Trading Point MENA Limited | XM Global Limited |
| Regulation | CySEC | ASIC | DFSA | FSC |
| Regulation Tier | 1 | 1 | 2 | 3 |
| Country | Cyprus, Limassol | Australia, Sydney | UAE, Dubai | Belize, Belize City |
| Investor Protection Fund | Up to €20000 | N/A | N/A | N/A |
| Segregated Funds | Yes | Yes | Yes | Yes |
| Negative Balance Protection | Yes | Yes | Yes | Yes |
| Compensation Scheme | Up to EUR 20,000 under ICF | No | No | No |
| Maximum Leverage | 1:30 | 1:30 | 1:30 | 1:1000 |
| Client Eligibility | Only EU/EEA Residents | Only Australian Residents | Only MENA Residents | International Clients (Excluding Some Prohibited Countries) |
Here's a quick overview of XM Group's key features:
Broker | XM Group |
Account Types | Micro, Standard, Ultra Low, Shares |
Regulating Authorities | ASIC, FSC, DFSA, CySEC |
Based Currencies | USD, EUR, GBP, AUD, HUF, SGD, ZAR, JPY, CHF, PLN |
Minimum Deposit | $5 |
Deposit Methods | Credit/Debit Cards, Bank Transfers, E-Wallet Payments |
Withdrawal Methods | Credit/Debit Cards, Bank Transfers, E-Wallet Payments |
Minimum Order | From 0.01 Lot |
Maximum Leverage | Up To 1:1000 |
Investment Options | None |
Trading Platforms & Apps | MT4, MT5, Mobile App |
Markets | Forex, Commodities, Indices, Shares |
Spread | From 0.6 Pips |
Commission | None Except On Shares Account No Withdrawal & Deposit Commissions |
Orders Execution | Market, Instant |
Margin Call/Stop Out | 50%/20% |
Trading Features | MQL5 Signal Service |
Affiliate Program | Yes |
Bonus & Promotions | Loyalty Program |
Islamic Account | Yes |
PAMM Account | No |
Customer Support Ways | 24/7 |
Customer Support Hours | Email, Phone Call, Live Chat |
XM Group provides several account types to comply with different approaches and styles in trading.
The broker's trading accounts:
At the table below, you will see a brief comparison of real trading accounts:
| Account Type | Micro | Standard | Ultra Low Standard | Shares |
Commission | None | None | None | Varies |
Leverage | Up To 1:1000 | Up To 1:1000 | Up To 1:1000 | None |
Min. Deposit | $5 | $5 | $5 | None |
Spread | From 1 Pip | From 1 Pip | From 0.6 Pips | Depending On The Underlying Exchange |
Traders can also access:
All accounts include negative balance protection, hedging support, and access to multilingual customer service — ensuring a flexible and risk-controlled trading experience.
One of the main sections of every review is the "advantages and disadvantages." Let's take a look at the pros and cons of trading with XM Group:
Pros | Cons |
Wide Range Of Trading Instruments | Inactivity Fees |
Low Minimum Deposit | Restrictions For Some Countries, Such As the US And Canada |
Multiple Regulatory Licenses | - |
Negative Balance Protection | - |
Opening an account on XM Trading is straightforward and requires minimal input: just your country of residence, a valid email address, and a secure password.
Unlike many other brokers, no documents or phone number confirmations are needed at this stage. The process concludes with a mandatory email verification, allowing immediate access to the trading dashboard. XM broker registration:
Head over to the official XMTrading website and click on “Get Started” to launch the account registration form.
Select your country, enter your email, and choose a strong password. Accept the platform’s terms and proceed with “Register.” If you have a promo code, you can apply it here.
Open the confirmation email from XMTrading and click “Verify Email”.
Once confirmed, you’ll gain access to your trading dashboard, ready to explore features and complete identity verification later for full access.
The XM verification process involves 7 steps, starting with entering your personal and residential details in the identification section.
After that, you’ll need to upload your Proof of Identity (POI) and Proof of Address (POA) documents to complete the KYC procedure. Before that, complete the steps below:
As a history-rich broker, XM Group offers a range of popular trading platforms [MetaTrader 4, MetaTrader 5] to suit different trader preferences:
Based on our examination, XM Group broker does not charge any hidden fees or commissions related to withdrawals and deposits. However, a varying swap fee is charged on transactions.
Regarding costs on trading, here's a table for commissions and spreads based overview, based on trading accounts:
| Account Type | Micro & Standard | Ultra Low Standard | Shares |
Spreads | From 1 Pip | From 0.6 Pips | Varies |
Commission | None | None | Depends On The Underlying Exchange |
At XM Group, traders incur a swap fee for holding open positions overnight, which reflects the interest rate differential between the currencies in a pair.
These fees are categorized as follows:
Below are swap values for a standard lot (100,000 units) of the base currency on selected instruments
XM Group offers free deposits and withdrawals, meaning the broker itself does not impose any fees when you fund or withdraw from your trading account. However, third-party banking or payment processor fees (such as from your bank or e-wallet provider) may still apply depending on the method used and your location.
It’s also worth noting that XM charges a $10 monthly inactivity fee on accounts that remain dormant—meaning no trading, withdrawals, or deposits—for a certain period. This policy is standard across the industry and is meant to cover the administrative costs of maintaining inactive accounts.
XM Group offers a wide range of deposit and withdrawal methods to accommodate traders across different regions.
XM deposit and withdrawal methods:
The minimum deposit is just $5 for most account types, making XM accessible for beginners. However, the Shares Account requires a significantly higher minimum of $10,000.
Most deposits are processed instantly, allowing traders to fund their accounts and start trading without delay. you can see the others and their features in the table below:
Deposit method | Minimum amount | Deposit fee | Funding time |
Credit or debit cards | $5 | $0 | Instant to 2 business days |
Bank transfers | $5 | $0 | 1-5 business days |
E-wallets | $5 | $0 | Instant |
Although XM does not charge any deposit fees, clients should be aware that third-party processing fees (e.g., bank charges) may still apply depending on the payment provider.
To deposit with XM Group via Neteller, follow five simple steps. First, log in to your XM client cabinet and select Neteller as your payment method. Enter an amount between $5 and $10,000, confirm the details, and log in to your Neteller account to authorize the payment. A verification code will be sent via SMS or email; enter it to finalize the transaction and XM Neteller deposit. Funds are instantly credited to your XM trading account. The process is quick, secure, and fee-free.
Withdrawals at XM Group are processed swiftly, typically within 24 hours of the request. The time it takes for funds to appear in your account depends on the chosen method; XM withdrawal methods:
Payment method | Withdrawal fee | Payout time |
Credit/debit cards | $0 | 2-5 business days |
Bank transfers | $0 for transfers over $200 | 2-5 business days |
E-wallets | $0 | Within 24 hours |
While XM generally ensures a smooth withdrawal experience, some users have reported delays, especially for large withdrawal amounts or when account verification (KYC) is incomplete. To avoid such issues, it is strongly recommended to keep personal account details consistent and comply with XM’s identity verification procedures.
With XM Group Neteller, withdrawals are quick and easy, requiring just four steps. Start by logging into your XM dashboard and selecting the correct trading account. Then, choose Neteller as your payout method. Enter the withdrawal amount—minimum $5—and submit the request. Finally, confirm the transaction to receive an email confirmation. While the process takes less than 5 minutes, funds may take 1 to 5 days to arrive. XM Neteller withdrawal is one of several cash-out methods available.
While XM Group doesn't offer a proprietary copy trading platform, traders can use the MQL5 signal copy services to follow and copy successful traders. This feature is built into Metatrader platforms.
XM Group offers a diverse range of trading instruments:
| Category | Type of Instuments | Number of Symbols | Competitor Average |
| Forex | Standard, Micro, Ultra Low accounts | 55 Currency Pairs | 50–70 currency pairs |
| Stocks | CFDs on shares (via MT5 platform) | Over 1000 global stocks | 800–1200 |
| Turbo Stocks | High-leverage share trading (up to 1:200 on selected) | Only selected major stocks | No Available Information |
| Commodities | CFDs on commodities | Around 15 instruments | 10–20 instruments |
| Indices | CFDs on global indices | Around 14 indices | 10–20 indices |
Overall, this broker provides access to over 1,400 tradable assets on its platforms.
All instruments are offered as CFDs (Contracts for Difference) with leverage, enabling both long and short positions without owning the underlying asset.
It’s important to note that the total number of instruments and available asset classes may vary depending on the chosen trading platform — whether it’s MT4, MT5, or the proprietary XM mobile app.
XM Group offers several bonuses and promotions to attract and retain traders. However, it could provide more options such as Deposit or welcome bonuses. Bonuses & promotions on the broker:
It's important to note that bonuses and promotions may vary by region and are subject to terms and conditions. Traders should always read the fine print before participating in any promotional offers.
XM Group has earned multiple prestigious awards for its platforms, services, and trading conditions. Recent XM awards include Best CFD Broker 2025 by World Finance Awards, Best Trading Conditions in Africa at the FAME Awards 2025, and several titles from CFI.co in 2023 and 2024, such as Global Trusted Broker, Most Transparent Broker, Best Customer Support, and Outstanding Global Forex Broker.
In this part of the XM Group review, we discuss the broker's support section. XM provides versatile options for contacting customer services. Key points:
While XM Group serves clients from many countries worldwide, there are some restrictions. This broker does not accept clients from:
Traders should always check the most up-to-date list of restricted countries on XM Group's website or contact customer support for the latest information.
The broker offers negative balance protection to all its retail clients. This means that traders cannot lose more than their account balance, even in cases of extreme market volatility.
This protection is automatically applied to all accounts and provides an additional layer of safety for traders.
XM Group has received mixed reviews from various rating platforms:
While some negative reviews cite issues with slippage and account closures, many positive reviews praise XM Group's customer service and trading conditions.
XM Group offers a wide set of educational resources for traders of all levels.
You can use these materials to your advantage whether you are a beginner or an experienced trader:
Before using XM group, you can use the table below for full comparison with other brokers:
| Parameter | XM Broker | FxPro Broker | IC Markets Broker | FBS Broker |
| Regulation | ASIC, FSC, DFSA, CySEC | FCA, FSCA, CySEC, SCB | FSA, CySEC, ASIC | FSC, CySEC |
Minimum Spread | From 0.6 Pips | From 0.0 pips | 0.0 Pips | 0.0 Pips |
Commission | None Except On Shares Account No Withdrawal & Deposit Commissions | From $0 | Average $1.5 | From $0 |
Minimum Deposit | $5 | $100 | $200 | $5 |
Maximum Leverage | 1:1000 | 1:500 | 1:500 | 1:3000 |
Trading Platforms | MT4, MT5, Mobile App | MT4, MT5, cTrader, Web Trader, Mobile App | Metatrader 4, Metatrader 5, cTrader, cTrader Web, IC Markets Mobile | MT4, MT5, Mobile App |
Account Types | Micro, Standard, Ultra Low, Shares | Standard, Pro, Raw+, Elite | Standard, Raw Spread, Islamic | Standard |
Islamic Account | Yes | Yes | Yes | Yes |
Number of Tradable Assets | 1400+ | 2,100+ | 2,250+ | 550+ |
| Trade Execution | Market, Instant | Market, Instant | Market | Market |
XM Group broker provides 4 live account types [Micro, Standard, Ultra Low, Shares] and requires a minimum deposit of $5 for the first three. The margin call and the stop-out levels are 50% and 20%, respectively.
ScamAdviser has given the company's website a trustscore of 100/100, with an average user rating of 3.1/5.
The brokerage's support team is available 24/7.
Yes, the broker is regulated by multiple authorities, including ASIC, and CySEC.
The minimum deposit is $5 for most account types.
Yes, XM Group provides negative balance protection for all retail clients.
It offers MetaTrader 4, MetaTrader 5, and a proprietary platform.
Yes, it provides access to a swap-free account.
XM Group offers access to over 1,400 trading instruments across various asset classes including forex (55+ currency pairs), stocks, commodities, indices, and turbo stocks with leverage up to 1:200.
No, XM Group does not charge fees for deposits or withdrawals. However, third-party payment providers (like banks or e-wallets) may impose charges outside XM’s control.
Spreads start from 0.6 pips on Ultra Low accounts and 1 pip on Micro and Standard accounts. There are no commissions on most accounts except the Shares account, where costs vary by the exchange.
Yes, XM Group offers Islamic (swap-free) accounts designed to comply with Sharia law. These accounts do not incur swap or rollover interest on overnight positions.
XM Group offers leverage up to 1:1000 depending on account type, instrument, and regulatory jurisdiction. Traders should carefully consider leverage’s impact on both profit potential and risk exposure.
No, XM Group does not accept clients from the United States, Canada, Israel, North Korea, and Iran due to regulatory restrictions.
XM Group does not have a proprietary copy trading platform. However, it supports third-party MQL5 signal services integrated within MetaTrader platforms, allowing users to follow and replicate professional traders.
To register, visit XM Group’s website and complete the sign-up form with personal information. After email confirmation, submit identity and address documents to complete KYC verification.
Payment methods include credit/debit cards, bank transfers, e-wallets (Skrill, Neteller), and localized payment solutions depending on your region.
XM Group provides webinars, video tutorials, educational articles, a research portal, and trading tools such as an economic calendar and Forex calculator, catering to both beginners and experienced traders.
Yes, XM Group features a loyalty program (earning XM Points for trading), referral bonuses, and trading contests. However, the availability and terms of bonuses vary by region and should be reviewed carefully.
XM Group offers 24/7 multilingual support through live chat, email, and phone. The broker also maintains a Help Center section covering common issues and platform guidance.
Yes, XM Group charges an inactivity fee if an account remains dormant for an extended period. Details are provided in the terms and conditions and vary based on account status.
