XM Global Review
Min. Deposit: $5 HQ: Belize, Cyprus, Platforms: MT4, MT5
Leverage: 1:30 / 1:1000 Regulation: CySEC, ASIC, FSC, DFSA,
XM Global Licenses
- Trading Point of Financial Instruments Limited – authorized by CySEC (Cyprus) registration no. 120/10
- XM Global Limited – authorized by Belize (FSC) license number 000261/309
The XM Global Limited (Trading Point of Financial Instruments Limited) Broker has been providing Forex services since 2009,
XM Overview
The XM Group consists of four online brokers that are regulated in different regions. Trading Point of Financial Instruments Ltd was founded in 2009. It is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license 120/10.
Trading Point of Financial Instruments Pty Ltd was founded in 2015. It is regulated by the Australian Securities and Investments Commission (ASIC). Its License number is 443670.
XM Global Limited was established in 2017 and is regulated by the Financial Services Commission in Belize (FSC). Their license number is 000261/309.
Trading Point MENA Limited was established in 2019 and is regulated by the Dubai Financial Services Authority (DFSA). Their reference number is F003484.
| Broker | XM Global |
|---|---|
| Trading platform: | MT4/MT5, XM App for Android/IOS |
| Accounts: | Micro Account, Standard Account , XM Ultra Low Account , Shares Account |
| Account currency: | USD, EUR, GBP, JPY, CHF, SGD, ZAR AUD, HUF, PLN, |
| Minimum deposit: | $5💰 |
| Deposit / Withdrawal: | Skrill, Neteller, Perfect Money, VISA |
| Mobile trading: | Metatrader 4 Android/IOS, Metatrader 5 Android/IOS, XM App For iPhone, XM App For Android |
| Orders execution: | Market execution |
| Trading features: | Cryptocurrency trade available |
Our XM Review
What Is XM
XM Global is an online forex and CFD broker. It provides traders with a platform to trade a variety of financial instruments. These instruments include currencies, commodities, stocks, and indices. The company was founded in 2009 and is regulated by multiple regulatory bodies, including the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Conduct Authority (FCA) in the United Kingdom.
XM Pros and Cons
| Pros | Cons |
|---|---|
| $5 Minimum Deposit For Start Trading. | |
| $0 Commission | Not available to US customers |
| Tight Spread With 0.06 pips | |
| No commission or extra charges on deposits and withdrawals | |
| Multiple trading platforms: MT4, MT5, mobile platform. | |
| SWAP Free - Islamic Account | |
| Free VPS | |
| Awards winning broker | |
| Instant Execution | |
| Free Education Resources |
Your capital is at risk.
Is XM safe or a scam?
Based on our analysis, it appears that clients are losing their money to scammers offering unregulated services on a daily basis. However, XM Global forex online broker is regulated by top-tier Regulators, making it a suitable option for traders. XM Global is a safe and trusted broker.
XM Account types
XM Global is an online forex and CFD broker. They offer traders various account types. These accounts are tailored to meet their trading requirements. Account types each come with unique features and benefits. This allows traders to choose an account that fits their individual trading styles and preferences.
As seen in the table below, XM Global offers a range of account types with varying features and benefits. Whether you are a beginner or an experienced trader, there is an account type that will suit your trading needs. With XM Global, traders can access a wide range of financial instruments, including forex, stocks, indices, commodities, and cryptocurrencies, and benefit from competitive trading conditions, fast execution, and excellent customer support.
Note: Read Deposit Bonus Details
XM Share Account Commission Details here.
- US shares: The charge for all US shares is $0.04 commission per share, with a minimum of $1 commission per transaction
- UK shares: The charge for all UK shares is 0.10% commission per transaction, with a minimum of $9 commission per transaction
- German shares: The charge for all German shares is 0.10% commission per transaction, with a minimum of $5 commission per transaction
| Features | XM Micro Account | XM Standard Account |
|---|---|---|
| Starting Spreads | 1 pip | 1 pip |
| LEVERAGE | Up to 1:1000 | Up to 1:1000 |
| Account Currencies | USD, EUR, GBP, JPY, CHF, SGD, ZAR AUD, HUF, PLN, | USD, EUR, GBP, JPY, CHF, AUD, HUF, ZAR, SGD,PLN |
| Comission | ❌ | ❌ |
| Minimum Deposit | $5 | $5 |
| Min Lot Size | 0.01 | 0.01 |
| Swap | Swap Free/Islamic Account | Swap Free/Islamic Account |
| Free Demo Account | ✅ | ✅ |
| Negative balance protection | ✅ | ✅ |
| Trading Instruments | Forex Trading, Stocks, Commodities, Equity Indices, Metals, Energies, CFDs on Crypto | Forex Trading, Stocks, Commodities, Equity Indices, Metals, Energies, CFDs on Crypto |
| TRADING ON STOCKS | ✅ | ✅ |
| Trading Platforms | XM MT4/XM MT5 | XM MT4/XM MT5 |
| Loyalty Program | YES 100% Bonus On First Deposit | YES 100% Bonus On First Deposit |
| Features | XM Ultra Low Account | XM Shares Account |
|---|---|---|
| Starting Spreads | 0.6 pips | As per the underlying exchange |
| LEVERAGE | Up to 1:1000 | No Leverage |
| Account Currencies | EUR, USD, GBP, AUD, ZAR, SGD | USD |
| Comission | ❌ | ❌ |
| Minimum Deposit | $5 | $10,000 |
| Min Lot Size | 0.01 | 1 Lot |
| Swap | Swap Free/Islamic Account | Swap Free/Islamic Account |
| Free Demo Account | ✅ | ✅ |
| Negative balance protection | ✅ | ✅ |
| Trading Instruments | Forex Trading, Stocks, Commodities, Equity Indices, Metals, Energies, CFDs on Crypto | Forex Trading, Stocks, Commodities, Equity Indices, Metals, Energies, CFDs on Crypto |
| TRADING ON STOCKS | ✅ | ✅ |
| Trading Platforms | XM MT4/XM MT5 | XM MT4/XM MT5 |
| Loyalty Program | YES 100% Bonus On First Deposit |
Spreads/Commission in Forex
One of the most important factors to consider when choosing a forex broker is the spread, which is the difference between the buy and sell price of a currency pair.
XM Global offers competitive spreads on a wide range of financial instruments, including currency pairs, commodities, indices, and cryptocurrencies. The XM broker offers variable spreads, depending on the type of account used.
In general, XM Global’s spreads are quite competitive compared to other forex brokers in the market. This can be seen in the live account spread screenshot provided below:
the spreads for major currency pairs such as EUR/USD, USD/JPY, and GBP/USD are very tight, ranging from 0.6 to 1.5 pips. This means that traders can execute trades at very low costs, which can help to maximize their profits.
XM Minimum Deposits & Withdrawals
XM Global Minimum Deposit Requirements
The minimum deposit required by XM Global varies depending on the account type. For the Micro and Standard accounts, the minimum deposit is only $5, which makes it an attractive option for beginners and traders with limited capital. For the XM Ultra Low account, the minimum deposit is $5. The XM Shares account requires a minimum deposit of $10,000.
XM Global also offers a range of account funding options, including bank transfers, credit/debit cards, e-wallets, Skrill, Neteller, Perfect Money, WebMoney, Google Pay, Astropay wallet, and local payment methods. XM local banks deposit is mostly used in Malaysia, Indonesia, India, and Pakistan. Most of these funding options are free of charge, and deposits are usually processed instantly.
XM Global Withdrawal Requirements
XM Global allows traders to withdraw their funds at any time, subject to some conditions. The minimum withdrawal amount is $5 for most payment methods, and the maximum amount varies depending on the payment method used.
To withdraw funds from their accounts, traders need to log in to their accounts, select the “Withdrawal” option, and choose the payment method they want to use. XM Global processes most withdrawal requests within 24 hours and funds are usually credited to the trader’s account within a few business days, depending on the payment method used.
XM Fee
Firstly, XM Global does not charge any fees for account opening or maintenance. This means that traders can open and maintain their accounts for free, without worrying about any hidden costs. This is a great feature for those who are just starting out and want to test the waters before committing any funds.
When it comes to trading fees, XM Global charges a variable spread on its forex and CFD instruments. The spread is the difference between the bid and ask price of an instrument, and it varies depending on the instrument being traded. In general, the spreads offered by XM Global are competitive with other leading forex and CFD brokers in the industry.
Finally, XM Global offers a range of deposit and withdrawal methods, with most methods being fee-free. However, some methods may incur a small fee, depending on the payment provider used.
XM Trading platforms
In today’s fast-paced world, having access to financial markets on the go is crucial for traders. XM Global offers a range of platforms, including XM Metatrader 4 (MT4), XM Metatrader 5 (MT5), and the XM App for Android iPhone (IOS) , to help traders stay connected and trade anytime, anywhere.
XM MT4 and XM MT5 are powerful trading platforms that are widely used by traders worldwide. Both platforms offer a range of advanced trading tools, including technical indicators, charting tools, and expert advisors (EAs) to help traders analyze the markets and make informed trading decisions. With XM MT4 and MT5, traders can also access a range of financial instruments, including forex, stocks, commodities, and indices.
The XM App for iPhone and Android is a user-friendly mobile trading platform that allows traders to access their accounts, view real-time prices, and trade on the go. The app provides traders with all the tools they need to manage their trades, including charting tools, technical indicators, and a range of order types.
- MetaTrader 4 For ( Windows, Mac) Download.
How to Register XM Account
1. XM Registration is very Easy. it just takes a few minutes. go to XM Global Limited’s OFFICIAL WEBSITE
1. click on the “Open an Account” button.
if you do not find the register account button. you can click here to go XM Registration page Directly.
2. Fill in the required personal information, such as name, email, and phone number. select the trading platform MT5 or MT4 and also select the account type which you want.
3. You will receive a Confirmation email. click on confirm button in the email. now your XM Members Area is ready to Upload the required documents to verify the account, such as a passport or ID card. after successful verification. Fund the account using one of the available payment methods.
XM Offers and Tools
VPS
XM Global is a popular forex trading broker that offers a range of services to traders. One of the features that the broker provides is a virtual private server (VPS) for its clients. In this article, we will take a closer look at what a VPS is, how it works, and why it may be beneficial for forex traders using XM Global.
Education & Research
XM Global is a leading forex and CFD broker that offers a wide range of educational resources to traders of all levels. From live education sessions to informative videos and tutorials, XM Global has everything traders need to become successful in the markets. In this article, we will explore the various educational tools offered by XM Global and how they can benefit traders.
XM Global hosts regular live education sessions, which are conducted by expert traders and analysts. These sessions cover a variety of topics, including trading strategies, risk management, and market analysis. Traders can attend these sessions in real-time and interact with the presenters to get their questions answered.
Educational Videos
XM Global offers a vast library of educational videos that cover a range of trading topics. These videos are created by industry experts and cover everything from basic trading concepts to advanced strategies. Traders can access these videos at any time and learn at their own pace.
XM Forex Calculators
If you’re an avid trader in the forex market, you know that accurate calculations are essential to your success. Calculating values such as pip values, margins, and profits can be time-consuming and complex, but fortunately, XM Global has made the process easier with its collection of forex calculators.
XM Global is a leading provider of online trading services, and their forex calculators are some of the most useful tools available to traders. In this article, we’ll take a closer look at five of XM Global’s most popular forex calculators.
XM Currency Converter
The XM Currency Converter is a straightforward tool that allows traders to quickly and easily convert one currency into another. The calculator is powered by real-time rates and is updated continuously, ensuring that traders always have access to the most current exchange rates.
The XM Currency Converter is an invaluable tool for traders who need to make quick decisions based on currency rates. With this tool, traders can quickly determine the value of one currency in relation to another, making it easier to identify profitable trading opportunities.
Frequently Asked Questions
Visit the XM Global website and click on the “Open an Account” button.
Fill in the required personal information, such as name, email, and phone number.
Choose the XM Global account type and select the base currency for the account.
Upload the required documents to verify the account, such as a passport or ID card.
Fund the account using one of the available payment methods.
Yes, XM Global giving a 100% deposit bonus for a special Ramadan Promo 2023.
Another Bonus is a DEPOSIT BONUS UP TO $5,000 with a 20% Bonus on your deposit
