XMTrading offers commission-free trading (except for the Zero account) on 1,400+ trading instruments. A $30 no deposit bonus, free VPS, and AI-generated signals are some of the broker’s attractive offerings.
XMTrading; An Introduction to the Broker and Its Regulatory Status
XMTrading, established in 2009, Forex and CFD broker offering 1,400+ trading instruments.
The broker operates through two legal entities registered in different jurisdictions, including:
- Tradexfin Limited: Regulated by the Seychelles Financial Services Authority (FSA) under License number SD010
- FinTrade Limited: Regulated by the Mauritius Financial Services Commission (FSC) with License number GB20025835
Potential clients should note that the lack of transparency about the founders, management team, and company background can be alarming.
XMTrading Broker Table of Specifications
The company prides itself on executing 99.35% of all trading orders in less than a second with no re-quotes and no rejections. Let’s take a quick look into the Forex broker’s offerings.
Broker | XMTrading |
Account Types | Micro, Standard, KIWAMI, Zero |
Regulating Authorities | FSA, FSC |
Based Currencies | USD, EUR, JPY |
Minimum Deposit | $5 |
Deposit Methods | Skrill, Neteller |
Withdrawal Methods | Skrill, Neteller |
Minimum Order | 0.01 lots |
Maximum Leverage | 1:1000 |
Investment Options | None |
Trading Platforms & Apps | MT4, MT5 |
Markets | Forex, Metals, Stock Derivatives, Commodities, Equity Indices, Energies |
Spread | Variable based on the account type |
Commission | Variable based on the account type |
Orders Execution | Market |
Margin Call / Stop Out | 50% / 20% |
Trading Features | Mobile Trading, MQL5 Signals, AI-Generated Signals, Swap-Free Trading |
Affiliate Program | Yes |
Bonus & Promotions | $30 Trading Bonus, 50% deposit bonus + 20% deposit bonus, Loyalty Program, Free VPS |
Islamic Account | Yes |
PAMM Account | No |
Customer Support Ways | Live Chat, Email, Ticket |
Customer Support Hours | 24/5 |
XMTrading Account Types
The broker offers four distinct account types, including Micro, Standard, KIWAMI, and Zero, with different trading conditions.
Features | Micro | Standard | KIWAMI | Zero |
Max Leverage | 1:1000 | 1:1000 | 1:1000 | 1:500 |
Swaps | Yes | Yes | No | Yes |
Base Currency | USD, EUR, JPY | |||
Contract Size (1 Lot) | 1,000 | 100,000 | 100,000 | 100,000 |
Min Trade Size (Lots) | 0.01 (MT4) 0.1 (MT5) | 0.01 | 0.01 | 0.01 |
Max Lot per Ticket | 100 | 50 | 50 | 50 |
Min Deposit | $5 | $5 | $5 | $5 |
XMTrading Broker Account Opening and KYC
To open an account with the company, you must be at least 18 years old and complete the verification process.
- Visit the broker’s official website at “xmtrading.com”;
- Click “Open an Account”;
- Fill out the registration form;
- Click on the verification link sent to your email;
- Click “Verify Now”;
- Add profile details;
- Upload proof of ID (passport or driver’s license) and proof of residence (recent utility bill or bank statement).
XMTrading App and Trading Platform
In this XMTrading review, we must mention that the broker supports MetaTrader platforms across various devices, such as Desktop, Mobile, and Web.
MetaTrader 4
MetaTrader 5
Note that TradingFinder has developed advanced MT4 and MT5 indicators that you can use for free.
XMTrading Fees and Commissions
The broker offers commission-free trading across 3 of its account types. However, trading on the Zero account which comes with no spread markups incurs a $5 commission per lot. XMTrading fee structure:
Account Type | Commission | Spreads from (Pips) |
Micro | $0 | 1.0 |
Standard | $0 | 1.0 |
KIWAMI | $0 | 0.6 |
Zero | $5/lot | 0.0 |
XMTrading Broker Withdrawal and Deposit Methods
The company utilizes MyWallet as a built-in personal wallet for clients to store and transfer funds. it also supports other popular e-wallets, including:
- Skrill
- Neteller
Does XMTrading Offer Copy Trading or Investment Plans?
While the broker doesn't offer traditional copy trading or investment plans, it provides some alternatives:
- MQL5 Signals: Algorithmic trading signals through the MT4/MT5 platforms
- AI-Generated Signals: Trade ideas on top 100 instruments, including Gold, USD/JPY, and S&P 500, for free
XMTrading Promotions
Offering a $30 no deposit bonus is one of the advantages in this XMTrading review. The broker also has other promotions in place, including:
- $30 Trading Bonus: No-deposit bonus for new clients upon completing verification
- 50% + 20% Deposit Bonuses: 50% extra funds up to $500 and 20% up to $4,500 (not withdrawable)
- Referral: Up to $130 per referred client
- Loyalty Program: Up to 16 XMP per traded lot for redeeming credit bonuses
- Free VPS: Virtual Private Server ideal for EAs
XMTrading Client Service
The broker provides 24/5 support in more than 8 languages through a live chat feature on its website, email, and ticket system.
support@xmtrading.com | |
Live Chat | Available on the official website |
Ticket | Through the “Member Area” |
User Satisfaction
There is only one comment on XMTrading Trustpilot. The resulting score is 3.7 out of 5 even though the only XMTrading review on the platform is 5-star. The company has not been featured on any other rating websites.
Conclusion and Final Words
XMTrading provides access to 6 asset classes, including Forex and Stock Derivatives with leverage options of up to 1:1000. The broker supports Skrill and Neteller payments with a minimum deposit of $5.