General Information
XM, established in 2009 and headquartered in Cyprus, is a global forex and CFD broker operating under several regulatory bodies including CySEC (Cyprus), DFSA (Dubai), and FSC (Belize). With more than 1,400 tradable instruments, XM offers forex, commodities, precious metals, shares, Turbo stocks, indices, energies, and thematic indices. Traders can access these via MT4, MT5, or the XM App.
Pros
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Regulated by multiple reputable authorities (CySEC, DFSA, FSC).
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Over 1,400 financial instruments available.
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Wide choice of platforms (MT4, MT5, XM App).
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Low minimum deposit of $5 for Standard & Ultra Low accounts.
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Demo accounts (30 days) and copy trading options.
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Strong educational resources (webinars, tutorials, market analysis).
Cons
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Shares account requires a high minimum deposit of $10,000.
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Commissions apply to the Shares account.
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No bonuses under EU regulation (CySEC).
Regulation
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CySEC (Cyprus) – License 120/10 (Trading Point of Financial Instruments Ltd).
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DFSA (Dubai) – License F003484 (Trading Point MENA Limited).
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FSC (Belize) – License 000261/397 (XM Global Limited).
Account Types
XM provides three main account types:
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Standard Account – Minimum $5 deposit, spreads from 0.8 pips, no commission.
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Ultra Low Account – Minimum $5 deposit, tighter spreads, no commission.
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Shares Account – Minimum $10,000 deposit, spreads vary, commission charged, no leverage.
Leverage & Spreads
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Maximum leverage up to 1:1000.
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Spreads start from 0.8 pips (commission-free accounts).
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During volatile markets, spreads may widen.
Trading Platforms
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MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for PC, web, and mobile.
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XM App – a proprietary mobile platform.
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Full access to indicators, charting tools, and customization.
Copy Trading
XM offers copy trading services, allowing beginners to replicate trades from experienced investors. This feature helps new traders learn strategies while potentially improving outcomes.
Deposit & Withdrawal
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Minimum deposit: $5 for most accounts.
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Methods: Credit/debit cards, bank transfers, e-wallets, UnionPay, and others.
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No extra broker-side fees (bank/processor fees may apply).
Bonuses & Promotions
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Up to 20% deposit bonus (max $2,000).
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Competitions on demo & real accounts with prize rewards.
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Not available for CySEC-regulated entities in Europe.
Education & Research
XM offers extensive learning tools including webinars, video tutorials, live education, economic calendars, and market insights. Additional trading aids include calculators and integration with MQL5 for EAs/indicators.
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