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.
XM Group Broker Company Information & Regulation
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.
- In Cyprus, it is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 120/10;
- In South Africa, XM holds a Financial Service Provider license (FSP No. 49976) with the FSCA;
- In the United Arab Emirates, the broker is regulated by the Dubai Financial Services Authority (DFSA) under reference number F003484;
- XM Global Limited operates under a license from the Financial Services Commission (FSC) of Belize (License No. 000261/4).
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.
Properties Summary
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 |
Account Types
XM Group provides several account types to comply with different approaches and styles in trading. The broker's trading accounts:
- Micro
- Standard
- Ultra Low Standard
- Shares
- Demo
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:
- Demo Account with a virtual balance of $100,000 and no expiration
- Islamic (swap-free) Accounts on Standard, Micro, and Ultra Low accounts, with no additional charges or widened spreads
All accounts include negative balance protection, hedging support, and access to multilingual customer service — ensuring a flexible and risk-controlled trading experience.
Strengths & Weaknesses
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 |
How to Register & Verify Account
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:
#1 Visit the XMTrading Platform
Head over to the official XMTrading website and click on “Get Started” to launch the account registration form.
#2 Submit Basic Details
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.
#3 Verify Email
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.
#4 Verify Account
To verify your account, complete the 7 steps below:
- Enter the XM Group dashboard and click “Verify now”
- Submit your personal details
- Enter your residential address
- Fill out the investor questionnaire
- Upload identity verification documents
- Finish the facial recognition scan
- Upload a document proving your residency
Platforms & Apps
As a history-rich broker, XM Group offers a range of popular trading platforms [MetaTrader 4, MetaTrader 5] to suit different trader preferences:
MetaTrader 4 (MT4)
- Industry-standard platform
- Available for desktop, web, and mobile
- 3 chart types
- Full Expert Advisors (EAs) support
MetaTrader 5 (MT5)
- Next-generation platform
- One Click trading
- Hedging permitted
- Advanced timeframes and pending order types
- More than 58 indicators and 44 analytical objects
- MQL5 programming language for custom advisors
- High number of simultaneous orders
- Available for PC, browsers, and mobile phones
XM Mobile app
- Available for iOS and Android devices;
- Real-time quotes and charts;
- Full trading functionality on the go.
Commissions & Spreads
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 |
What Options Do You Have for Deposit and Withdrawal?
XM Group offers a wide range of deposit and withdrawal methods to accommodate traders across different regions. XM deposit and withdrawal methods:
- Credit/Debit Cards (Visa, MasterCard)
- Bank Wire Transfers
- E-wallets such as Skrill, Neteller, Perfect Money
- Mobile payments like Google Wallet and Apple Pay
- Local options, depending on the trader's country
The minimum deposit is just $5 for most account types, while the Shares Account requires $10,000. Most deposits are processed instantly.
Withdrawals are typically processed within 24 hours by XM, with actual receipt times varying:
- Bank and card withdrawals take 2–5 business days
- E-wallets are usually credited within the same day
XM does not charge deposit or withdrawal fees, except in the following cases:
- Bank wire transfers under $200 may incur a small fee
- Crypto withdrawals under $300 are subject to a $15 fee
Clients must first refund up to the deposit amount to their original credit/debit card, then to crypto wallets (if previously used), and finally to e-wallets or bank accounts.
While XM’s process is generally fast, some users have reported delays in large withdrawals or when account verification is incomplete. To avoid issues, clients are advised to maintain consistent account details and follow the platform’s KYC guidelines.
Copy Trade and Investment Platforms & Options
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.
Available Markets & Instruments
XM Group offers a diverse range of trading instruments:
- Forex: 55+ currency pairs
- Stocks: Covering over 600 companies' shares
- Turbo Stocks: access to shares trading with 1:200 leverage
- Commodities: Gold, silver, oil, and more
- Indices: Major global stock 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.
Bonuses & Promotions Overview
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:
- Loyalty Program: Earn XM Points for trading activity, redeemable for cash rewards
- Trading Contests: Regular competitions with cash prizes
- Referral Program: Earn rewards for referring new clients
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.
Support Services & Schedule
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:
- 24/7 multilingual support
- Available through phone calls, live chat, and email
- Support in 30+ languages
- Help center section with information about the broker & platforms
List of Restricted Countries
While XM Group serves clients from many countries worldwide, there are some restrictions. This broker does not accept clients from:
- United States
- Canada
- Israel
- Democratic People's Republic of Korea (North Korea)
- Iran
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.
Does XM Group Offer Negative Balance Protection?
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.
Trust Scores and Ratings
XM Group has received mixed reviews from various rating platforms:
- XM Group Trustpilot: 2.3/5 stars based on over 600 reviews
- XM ForexPeaceArmy: 3.1 out of 5, with more than 690 scores
While some negative reviews cite issues with slippage and account closures, many positive reviews praise XM Group's customer service and trading conditions.
Educational Content & Resources
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:
- Research Portal: Daily market analysis and trading ideas
- Educational Videos: Comprehensive video tutorials on various trading topics
- Webinars: Live and recorded webinars in multiple languages
- Educational Articles: In-depth articles covering trading strategies and market insights
- Trading Tools: Economic calendar and Forex calculator
Comparison with Other Brokers
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 |
Conclusion and Final Words
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.