We recommend XM Group for beginners due to its comprehensive educational resources, including both advanced and beginner videos. The amount of quality educational content provided by XM Group bestows it a high rating for education and beginners. XM Group is a trustworthy broker, though it is not publicly traded. It is authorized by major regulatory bodies including ASIC, MiFID, and the FCA in the UK.

In 2025, XM offers a $30 no-deposit bonus to new users, allowing them to start trading without adding funds. They also provide deposit bonuses and loyalty rewards during special promotions. When ready, move to a live account with tight spreads and fast execution. It monitors the markets 24 hours a day, alerting you to trading opportunities in real time. XM Group monitors the latest industry trends to keep up to date with innovative technologies and to be able to adapt to clients ever-changing and demanding needs.

• The MT4 and MT5 platforms deliver exceptional execution speeds and advanced charting tools, while the HFM app ensures flexibility for traders on the move.
• Overall, the company seems to have failed to make a good impression on Trustpilot users.
• It is important that you understand about any broker before you trust them with your money.
• XM Group is a globally established and regulated online trading broker.

What you will need to open an account

They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets. No requotes can provide XM traders with greater confidence and peace of mind when trading on the XM platform. It’s worth noting, however, that other factors, such as market volatility and liquidity, can still affect the execution of XM trades. XM provides a demo account that enables individuals to explore trading before investing their funds. By creating a XM practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the XM demo account can help individuals to make informed decisions before investing their money.

XM Micro Account

A range of trading markets as XM Products available from a single multi-asset account that offers 6 Asses Classes and includes about 55 currency pairs with a total over 1000+ trading markets. You are able to trade XM Forex or CFDs on stock indices, commodities, stocks, metals, energies and Cryptocurrencies at XM all available from the same trading account. Yet, the trading instrument range is different based on entity conditions, alike under its XMGlobal brand, Broker provides a selection of 60 cryptocurrency pairs for trading. When using XM, the minimum trade size is typically 0.01 Lot units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened.

Customer Feedback & Reputation

This means that traders cannot lose more than their available balance and is excellent for beginners especially. Some brokers will charge for additional withdrawals requested within the same month, regardless of what method clients use. The fact that XM does not charge for withdrawals beyond the first one helps to keep costs down for the trader. The Standard and Micro accounts require a minimum deposit of just $5 or the equivalent in other base currencies to start trading. The Shares account (only available to XM Global) requires a minimum deposit of $10,000. Despite this, MT4 is considered the industry benchmark for platforms and is very popular with retail clients, especially beginners.

• Regulatory bodies protect traders through reimbursement schemes in case of XM going into insolvency.
• Thanks to real-time market updates, an economic calendar, and reliable order execution even during volatile events, XM provides a supportive environment for traders who trade around major news releases.
• XM are known for their low spreads and commission fees and scalping and hedging is allowed with XM.

XM Inactivity Fees Explained

XM Fees are ranked average based on our testing and compared to over 500 other brokers. Also additional fees like funding fees, rollover are good, since no funding fees applied, while inactivity and rollover is something typicall all Brokers charge. When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by XM terms and conditions.

I could choose the leverage and quite low lot sizes that was an accessible way to trade, even though my account wasn`t large. Customer support is responsive, though sometimes there’s a slight wait. Especially, since xm is very beginner friendly and offers live education.

They are, however, overseen by other xm group review reputable regulators like CySEC and ASIC. Both Exness and Octa have the advantage of being regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, which is particularly relevant for South African traders. In this category, Exness and Octa tie for the top spot, with XM following closely. XM is a well-known online forex and CFD broker that’s been around since 2009. Their main office is in Limassol, Cyprus, but they have other offices in places like Australia and the UK too.

Once clients begin funding their accounts, they gain access to XM’s deposit-based bonuses, which offer genuine trading flexibility. However, there are available Copy Trading capabilities XM offers, which are quite comprehensive and on a good level that may be considered as type of investment opportunity. Also, Broker does not provide passive investment services like PAMM or MAM accounts for multi account management, where professional money managers trade on behalf of investors.

What Is The XM Minimum Deposit?

If underway, cards also display detailed participant statistics, allowing traders to track progress and performance efficiently. XM has received various awards over the years from different organizations, reinforcing its reputation as a notable broker in the financial industry. XM also offers XM TV, podcasts and news feeds from Reuters, an Economic Calendar, along with YouTube Shorts and daily technical stories. XM offers mobile versions of both MetaTrader 4 and MetaTrader 5, available for Android and iOS devices. XM accepts other local payment methods depending on your location.

XM is a competitive choice for novices as well as more experienced investors. Having regional offices in Greece, Cyprus and Australia, the company serves clients worldwide. While its product portfolio is not as extensive as other brokerages, clients can still find sufficient tradable assets to trade across multiple financial markets. The broker keeps clients’ investments in segregation with its own capital, ensuring clients have real-time access to their funds. Although the broker doesn’t have a proprietary trading platform, the company satisfied clientele trading needs with third-party trading platforms like MT4 and MT5.