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XM Group Broker Review 2025

XM Group Broker Review 2025
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Your Capital is at risk.
Company:XM Group
Founded:-
Min Deposit:$5
Max Leverage:1000
Headquarter:

Cyprus

US Accepted:
MQL5 Signal Service

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.

About
XM Group is a forex broker with over 10 million clients and a track record of over 8.5 billion transactions completed without requotes and rejections. Offering more than 1000 instruments and zero-spread trades, this brokerage is regulated by 4 authorities [ASIC, CySEC, DFSA, FSC.]
Contact
12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus
Rank and Score
RegulationsCustomer SupportSpread &CommissionsPlatformsDeposit &WithdrawalAccountTypes
9.53Rank 2
Pros and Cons
Account Types
Platforms
Pros
Wide Range Of Trading Instruments
Low Minimum Deposit
Multiple Regulatory Licenses
Negative Balance Protection
Cons
Inactivity Fees
Restrictions For Some Countries Such As US And Canada

Promo Codes

  • %50 + %20

    Deposit Bonus

    Exp Date:

    Dec 31, 2025

    Code:

    XM Group offers a two tier deposit bonus %50 up to $500 and %20 up to $4,500, boosting traders’ margin capacity across Forex, commodities, and indiceswith a minimum deposit of $5.

    Buy

    Your Money is at risk.
  • $20

    No Deposit Bonus

    Exp Date:

    Mar 5, 2026

    Code:

    XM No Deposit Bonus gives $20 free credit for new traders with clear profit withdrawal rules.

    Buy

    Your Money is at risk.
  • score of blog
    3.9 From 5.0
    (34)
    Rate this post
    11884

    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
    A comprehensive review of XM group for financial markets traders

    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. 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
    RegulationCySECASICDFSAFSC 
    Regulation Tier1123
    CountryCyprus, Limassol Australia, Sydney UAE, Dubai Belize, Belize City
    Investor Protection FundUp to €20000N/AN/AN/A
    Segregated Funds YesYesYesYes
    Negative Balance Protection YesYesYesYes
    Compensation Scheme Up to EUR 20,000 under ICFNoNoNo
    Maximum Leverage 1:301:301:301:1000
    Client EligibilityOnly EU/EEA ResidentsOnly Australian ResidentsOnly MENA ResidentsInternational Clients (Excluding Some Prohibited Countries)

    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.

    XM account types
    Minimum deposit in all XM accounts start from $5

    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.

    XM broker registration
    Fill the sign up form to register in XM

    #3 Verify Email

    Open the confirmation email from XMTrading and click “Verify Email”.

    XM email verification
    Confirm your email to continue XM registration

    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

    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:

    1. Enter the XM Group dashboard and click “Verify now
      XM Group KYC process in the dashboard
      Begin XM Group KYC by clicking on “Verify Now”
    2. Submit your personal details
    3. Enter your residential address
      XM Verification
      Enter the country of your residence, address, city, street number and postal code for XM Group identification
    4. Fill out the investor questionnaire
    5. Upload identity verification documents
    6. Finish the facial recognition scan
    7. 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

    XM mobile app
    XM broker mobile application overview
    • 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

    XM Swap Fees

    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.

    XM swap fees
    XM broker applies long and short swap fees

    These fees are categorized as follows:

    • Swap Long: Applied when holding a buy position overnight. Depending on the instrument and interest rates, it may result in either a charge or a credit.
    • Swap Short: Applied when holding a sell position overnight, also resulting in either a charge or a credit.

    Below are swap values for a standard lot (100,000 units) of the base currency on selected instruments

    XM Non-trading Fees

    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.

    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
    You can see all the available methods of XM deposit and withdrawal in this picture

    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

    XM Deposits

    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

    $0Instant

    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.

    XM Group Neteller Deposit

    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.

    XM Neteller deposit
    Choose XM Group Neteller payment option for a fast and secure payment

    XM Withdrawal

    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.

    XM Group Neteller Withdrawal

    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. 

    XM Neteller withdrawal
    Choose XM Group Neteller payout method from the available options

    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:

    CategoryType of InstumentsNumber of SymbolsCompetitor Average
    ForexStandard, Micro, Ultra Low accounts 55 Currency Pairs50–70 currency pairs
    StocksCFDs on shares (via MT5 platform) Over 1000 global stocks 800–1200
    Turbo StocksHigh-leverage share trading (up to 1:200 on selected) Only selected major stocks No Available Information
    CommoditiesCFDs on commodities Around 15 instruments 10–20 instruments
    IndicesCFDs 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.

    XM forex pairs
    XM offers 55 tradable currency pairs to trade in forex market

    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.

    XM Group Awards

    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.

    XM Group Awards
    XM Received multiple awards because of its services, broker, platform and other accolades

    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

    XM Group restricted countries
    Countries banned from the XM Group's services

    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 score on Trustpilot
    Users have given a poor score to XM group on Trustpilot
    • 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.

    XM education
    XM Group broker provides free education for traders

    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:

    ParameterXM BrokerFxPro BrokerIC Markets BrokerFBS 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 YesYesYes

    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.

    FAQs

    What is the working schedule for customer support in XM?

    The brokerage's support team is available 24/7.

    Is XM Group a regulated broker?

    Yes, the broker is regulated by multiple authorities, including ASIC, and CySEC.

    What is the minimum deposit for XM Group?

    The minimum deposit is $5 for most account types.

    Does XM Group offer negative balance protection?

    Yes, XM Group provides negative balance protection for all retail clients.

    What trading platforms does XM offer?

    It offers MetaTrader 4, MetaTrader 5, and a proprietary platform.

    Does XM offer a Islamic account?

    Yes, it provides access to a swap-free account.

    What are the trading instruments offered by XM Group?

    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.

    Are there any fees for deposits or withdrawals at XM Group?

    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.

    What are the spreads and commissions at XM Group?

    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.

    Does XM Group support Islamic accounts?

    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.

    What leverage does XM Group offer?

    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.

    Can I use XM Group’s services in the United States or Canada?

    No, XM Group does not accept clients from the United States, Canada, Israel, North Korea, and Iran due to regulatory restrictions.

    Does XM Group support copy trading?

    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.

    How do I register and verify my XM account?

    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.

    What payment methods can I use for deposits and withdrawals?

    Payment methods include credit/debit cards, bank transfers, e-wallets (Skrill, Neteller), and localized payment solutions depending on your region.

    What types of educational resources does XM Group offer?

    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.

    Is there a loyalty or bonus program at XM Group?

    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.

    What customer support options does XM Group provide?

    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.

    Are there inactivity fees at XM Group?

    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.

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