XM review 2025:
All you need to know
In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with XM. As a leading financial media outlet, our editorial content is driven by rigorous research and data-driven insights, free from external influence. This assessment offers a transparent evaluation of XMs' conditions, tools, support, regulatory standing, and overall suitability for traders
XM is an excellent broker for novice to intermediate traders, offering an extensive pool of educational resources and a highly attentive 24-hour customer support service, as well as offering a wide array of instruments and competitive trading conditions.
Note: When reviewing XM, it is important to emphasize that they operate several entities across different regions, each with varying levels of regulatory oversight, services, and customer experiences. Therefore, for fairness and accuracy, we have based our scoring on the best-performing region for each of the factors under review. However, there are certain areas where issues have been identified, which are explained in the review to ensure a balanced and comprehensive evaluation.
This approach ensures that readers get a clear picture of XM's strengths while being aware of potential limitations depending on their region.
Account Conditions
7.2
Tools and Resources
9.2
Customer Service and Support
9.6
Trading Settings
8.4
Trust
7
User Experience
8.4
How do we score brokers
Founded in 2009, XM has established itself as a global broker offering a comprehensive range of trading services in forex and CFDs. The platform is primarily designed to support traders ranging from beginners to intermediate levels. XM provides access to over 1,200 financial instruments, including forex pairs, stocks, commodities, and cryptocurrencies, with trading available on the widely used MetaTrader 4 and MetaTrader 5 platforms.
XM stands out for its commitment to trader education, offering free webinars, research materials, and analysis tools to support informed trading decisions. The broker's extensive educational resources are particularly beneficial for those looking to enhance their trading knowledge and skills.
XM is regulated by multiple authorities, including the Cyprus Securities and Exchange Commission (CySEC), and the Financial Sector Conduct Authority (FSCA) amongst others. This regulatory framework ensures compliance with various standards, although local restrictions may apply to residents in specific countries.
| 🗺️ Regulated geos/regions |
Cyprus, South Africa, Dubai and Belize. |
| ✅ Deposit/Withdrawal Currencies/Crypto |
USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR, USDT. Region specific. |
| 💰 Minimum deposit |
$5 USD (or equivalent) deposit for Micro, Standard, Ultra Low Accounts and Zero Accounts.
|
| 🛒 Bonuses/promotions |
XM does not have specific bonuses due to regulatory stipulations although it promotes the VPS service and the 0% Fees on deposits and withdrawals. XM Global has various promotions including account trading bonus, 50% deposit bonus up to $500 USD or currency equivalent, 20% deposit bonus up to $4500 USD, cashback, XM Loyalty program, competitions, VPS, 0% fees on deposits and withdrawals. |
| 💱 Tradable asset classes |
XM offers Forex, Stock CFDs, Turbo Stocks, Commodities, Indices (Equity and Currency), Energies (Cash and Futures CFDs), Precious Metals (Spot and Futures CFDs), Thematic Indices and Crypto CFDs. XM Global also provides direct share trading in addition to the previously mentioned assets. Please Note: the availability of these assets varies depending on regions. |
| 💸 Costs (spreads, fees, commissions) |
XM and XM Global offer a variety of trading accounts with variable spreads. Ultra Low Micro and Standard accounts:
Micro and Standard accounts:
XM Zero account:
Thematic Indices:
All account types: Stocks CFDs:
Equity and Currency Indices:
Commodities:
Energies:
Direct Shares:
Turbo Stocks CFDs:
Crypto CFDs:
Regional restrictions on certain assets apply. |
| 💹 Leverage |
Leverage at XM varies based on the regulatory jurisdiction of your account and the type of instrument you are trading. Leverage is up to: CySEC (Cyprus): 30:1 FSCA (SA), DFSA (UAE) and FSC (Belize):1000:1. |
| 🏗️ Trading platforms allowed |
MetaTrader 4 & 5, MetaTrader Web. |
| ⛔ Restricted regions |
United States of America, Canada, Israel and Iran. |
| 🗣️ Customer service languages available |
30 languages (depending upon entity and support channel): English, Greek, Simplified Chinese, Traditional Chinese, Bahasa Malay, Bahasa Indonesia, Korean, Russian, French, Spanish, Italian, German, Polish, Hindi, Arabic, Portuguese, Czech, Slovakian, Bulgarian, Romanian, Bengali, Urdu, Thai, Nepali, Tagalog, Vietnamese, Cebuano, Hungarian, Uzbek, Turkish and Serbian. |
XM Account Conditions Score
Account Conditions
7.2
Regulated regions
- Cyprus: Regulated by the Cyprus Securities and Exchange Commission (CySEC - Tier 1) as Trading Point of Financial Instruments Ltd under license number 120/10.
- South Africa: XM ZA (Pty) Ltd is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa as a Financial Service Provider (FSP) with authorisation number 49976.
- United Arab Emirates: Regulated by the Dubai Financial Services Authority (DFSA), as Trading Point MENA Limited is regulated under reference number F003484. The DFSA, while not part of a formal tier system, is the primary financial regulator for the Dubai International Financial Centre (DIFC). Its oversight of financial institutions within the DIFC and collaboration with international regulators establish it as a reputable regulatory authority in the global financial landscape.
- Belize: XM Global Limited is regulated by the Financial Services Commission (FSC) Belize under Securities Services license number 000261/4.
XM unfortunately cannot accept clients from the residents of certain countries, such as the United States of America, Canada, Israel and Iran.
Currencies accepted for deposits/withdrawals
Deposits into XM trading accounts can be made in various currencies, including USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR and USDT. It is possible to make deposits in other currencies outside these listed but there will be exchange fees.
Certain account types may limit which base currencies can be selected. For example, XM Zero accounts are limited to USD, EUR, and JPY. Shares accounts are in USD.
Account types
XM provides a variety of account types tailored to different trading needs and experience levels, with availability depending on the regulated region.
Micro and Standard accounts have slightly wider spreads compared to Ultra Low accounts, but both are eligible for the XM Loyalty Program.
Micro accounts are best suited for beginners or traders with smaller balances, as they limit position sizes, while Standard accounts allow for larger trades.
Ultra Low accounts offer tighter spreads for cost-conscious traders, though they are not eligible for the Loyalty Program.
For more experienced traders, the Zero accounts offer commission-based trading with lower spreads.
ASIC: Micro, Standard, XM Ultra Low (Micro and Standard) Accounts.
CySEC: XM Ultra Low Micro, Ultra Low Standard and XM Zero Accounts.
DFSA, FSCA and FSC: Micro, Standard, XM Ultra Low (Micro and Standard) and Shares Accounts.
XM offers Islamic swap-free accounts, featuring no swap or rollover interest, unchanged spreads, no upfront commissions and traders can hold positions indefinitely. In contrast to some other brokers that charge an admin fee after a certain time period. To open an Islamic account, traders must first create and verify a regular account, then request the Islamic option.
XM does not offer Multi Account Manager (MAM) or Percentage Allocation Management Module (PAMM) accounts.
Minimum deposit
There is a minimum deposit of $5 USD (or equivalent) across the various account types and $10,000 USD (only) deposit for the Shares accounts.
Costs and fees
Ultra Low Micro and Ultra Low Standard Account:
- Spreads on major FX pairs from as low as 0.8 pips, spreads on minors from 1.3 pips and exotics from 3 pips.
- Precious Metals (Spot): spreads from 2.7 pips.
- Crypto CFDs spreads vary considerably depending on the instrument and region.
- No additional commission charges for forex and spot metals.
- Commissions on metals, commodities, energies, currency and equity indices are reflected in the spread.
- The costs for both accounts are identical; however, the distinction lies in the permitted trading volumes.
- Suitable for traders looking for a simple fee structure.
Micro Account and Standard Account:
- Spreads on major FX pairs from as low as 1.6 pips, spreads on minors from 1.8 pips and exotics from 3.6 pips.
- Precious Metals (Spot): spreads from 2.7 pips.
- Crypto CFDs spreads vary considerably depending on the instrument and region.
- Commissions on metals, indices, commodities and energies are reflected in the spread.
- The costs for both accounts are identical; however, the difference lies between the maximum trading volumes.
- Suitable for traders looking for a straightforward fee structure and wish to participate in XM Loyalty program.
XM Zero Account:
- Commission-based.
- $3.50 USD commission per side per 100,000 units traded.
- Suitable for high-volume traders wanting tighter spreads.
Shares Account:
- Direct share trading is available to clients in regions like the UAE, South Africa, and select countries through an XM Global account.
- The charge for all US shares is $0.04 commission per share, with a minimum of $1 commission per transaction.
- The charge for all UK shares is 0.10% commission per transaction, with a minimum of $9 commission per transaction.
- The charge for all German shares is 0.10% commission per transaction, with a minimum of $5 commission per transaction.
- Spreads as per the underlying exchange.
- Shares are subject to dividend adjustments and may have tax implications.
All CFDs including Crypto across the various accounts:
- Commission is built into the spread.
- In addition, Stock CFDs are subject to dividend adjustments.
Islamic Account:
- Swap-free account.
- No additional admin charge.
- No commission fees.
Other Fees:
- There is a one-time inactivity fee of $15 after one year of inactivity. If the account continues to be inactive, a monthly fee of $10 will be charged until the account balance reaches zero.
- XM states in their promotional materials that they do not impose any fees for withdrawals; however, it should be noted there are exceptions to this:
- Bank wire transfers: For amounts less than $200, there is an undisclosed fee charged to the client.
- Crypto withdrawals (USDT - ERC20 or Omni): For amounts less than $300, there is a charge of $15.
Bonus and promotions
XM does not have specific bonuses due to regulatory stipulations. It simply promotes the VPS service (shareable) and the 0% Fees on deposits and withdrawals.
XM Global has various promotions including account trading bonus (£20.00 or equivalent), 50% deposit bonus up to $500 or currency equivalent, 20% deposit bonus up to $4500, cashback, competitions, XM Loyalty program, VPS, 0% fees on deposits and withdrawals.
The XM Loyalty Program rewards traders with points (XMP) for each trade they make. It has four tiers—Executive, Gold, Diamond, and Elite—with higher tiers offering more points per trade. These points can be redeemed for trading credit, and they don't expire. The program is designed to benefit active traders based on their trading volume. The eligible trading accounts are the micro and standard accounts only.
Depositing ease
Multiple payment methods are available depending on the XM entity such as Credit Card, Debit Card, Skrill, Neteller, Wire Transfer, Perfect Money, Apple Pay, Google Wallet etc.
XM accepts other local payment methods depending on your location.
The deposit payment may clear instantly or may take up to 5 business days depending on the region and payment method chosen.
We opened an account with XM Global using GBP. The deposit was instantaneous through a debit card payment.
Withdrawing ease
Withdrawal requests are declared to be processed instantly by their Artificial Intelligence Back Office System, based on algorithmic parameters.
XM processes withdrawal requests within 24 hours after submission.
Withdrawals via bank wire and debit card usually take 2-5 business days to reach the client's account. E-wallets are generally faster, often the same day or the next day.
There is a minimum withdrawal amount of $5 (or equivalent) for all accounts except for the XM Shares Account which has a minimum $10,000.
It’s worth noting that although XM processes withdrawal requests promptly, user reviews indicate that the actual time it takes to receive funds can vary:
- Some users reported delays in awaiting withdrawals.
- Bank transfers may take longer due to intermediary banks or verification procedures.
XM follows a strict withdrawal policy that requires clients to withdraw funds using the same methods as their initial deposit. This applies to all deposit options, including credit/debit cards, e-wallets (like Skrill or Neteller), cryptocurrency wallets and international bank transfers.
XM follows a specific withdrawal priority procedure to ensure funds are returned to the original deposit source as a refund:
- Credit/Debit Cards: Withdrawals are processed first through credit or debit cards, up to the total amount initially deposited.
- Cryptocurrency Wallets: Once card deposits are fully refunded, withdrawals can be processed to cryptocurrency wallets, but only if they were used for the initial deposit.
- E-wallets: After card refunds, withdrawals to e-wallets like Skrill or Neteller are allowed for both deposited amounts and profits.
- Other methods: Bank transfers and other methods are only available after all card and cryptocurrency deposits are reimbursed.
The key point is that you must follow the withdrawal hierarchy for the deposit methods you have used before selecting any other withdrawal option. For example, if you have not used a credit card or a crypto account for deposits, you do not need to create one for withdrawals. You can proceed with the next available method in your withdrawal options, which could be an e-wallet or bank transfer, depending on your previous deposit methods and XM's policies for your region.
In our opinion, the withdrawal hierarchy process may cause confusion, leading to some of the dissatisfaction, delays, and payment issues mentioned in some of the client reviews. However, in our experience the receipt of funds for the withdrawal to our debit card was within 24 hours.
We would like to share some of the concerns raised in user reviews:
- Some users have reported issues with larger withdrawals. It should be noted that larger transactions will take longer potentially due to extra verification steps or specific banking processes.
- XM has cited several common issues that may result in account closures or the cancellation of profits:
- Suspected arbitrage.
- Multiple account usage.
- "Unfair" profit-making.
- Alleged fraudulent activity.
- Other withdrawal issues involve:
- Incomplete verification.
- Insufficient margin.
- Mismatched account details.
- Withdrawal limits.
- To avoid issues, traders should fully verify accounts, maintain adequate margin, use consistent information, and be aware of withdrawal limits for their chosen methods. Along with understanding the terms and conditions for fair trading.
XM Trading Experience Score
Trading Experience
8.4
Tradeable asset classes
XM offers over 1,200 tradable instruments, more than 50 currency pairs (including 7 Majors, 21 Minors and 27 Exotics).
More than 50 cryptocurrency CFDs (regional restrictions apply).
Over 1,200 stock CFDs, more than 100 traditional stocks (subject to regional restrictions), 12 turbo stocks (subject to regional restrictions), more than 20 indices, and over 5 commodity CFDs are available.
Futures CFDs are available on several assets including Precious Metals, Palladium and Platinum, Energies, Brent, London Gas Oil, Natural Gas, WTI Oil and WTI Oil mini.
Energy Cash CFDs including Brent, WTI Oil, Natural Gas and Precious Metals Cash CFDs Gold and Silver.
Options, Bonds and ETFs are not available.
Lot sizes
XM Accounts:
- Forex Trading Position Size varies depending on account type:
- Ultra Low Micro Account:
- Minimum: 0.1 lots (100 units of base currency).
- Maximum: 100 lots per ticket (100,000 units).
- Ultra Low Standard and Zero Account:
- Minimum: 0.01 lots (1,000 units of base currency).
- Maximum: 50 lots per ticket (5,000,000 units).
- Precious Metals:
- Spot Metals: Minimum size varies by account type and instrument (e.g., 0.01 lots on Ultra Low Standard Account).
- Future CFDs: Minimum 1 lot, maximum 110 lots (all account types).
- Stocks, Futures, Currency and Equity Indices CFDs:
- Minimum and maximum position sizes vary depending on the specific stock or index.
- Commodity and Energy CFDs:
- Minimum: 1 lot.
- Maximum: Varies by instrument.
- Thematic Indices (Ultra Low Standard Accounts only):
- No specified minimum or maximum position size.
- XM Global Accounts:
- Offer the same instruments as the XM accounts with the addition of:
- Turbo Stocks
- Minimum and maximums vary depending on the specific turbo stock.
- Shares
- Minimum of 1 lot which is equivalent to 1 share.
- Maximum amount varies depending on the stock.
- Crypto CFDs
- Minimum of 0.01 lot.
- Maximum amount varies by instrument.
- Mismatched account details.
- Withdrawal limits.
Leverage
XM and XM Global offer varying leverage limits depending on the regulatory jurisdiction and financial instruments:
- Under CySEC regulation XM clients can have:
- Up to 30:1 for major currency pairs and liquid minors.
- 20:1 for less liquid minors, exotics, gold, and major indices.
- 10:1 for commodities (excluding gold), non-major indices and thematic indices (these not available in Australia).
- 5:1 for stock CFDs.
- XM clients under FSCA, DFSA and XM Global clients under FSC regulation have leverage:
- Up to 1000:1 for forex.
- 20:1-5:1 for stock CFDs.
- 200:1 for turbo stocks.
- 500:1-50:1 for equity and currency indices.
- 100:1-50:1 for thematic indices.
- 1000:1 for gold spot, 400:1-100:1 for other spot precious metals.
- 22:1 other metal futures.
- 200:1 for energy cash markets, 66:1-33:1 for energy futures.
- 500:1-50:1 for Crypto CFDs.
- No leverage for share trading.
Execution quality
XM operates primarily as a market maker broker, maintaining its own dealing desk to execute client orders internally. This model allows XM to set its own bid/ask spreads, which may vary, and act as the counterparty to client trades. While XM offers variable spreads and claims to avoid intentional price manipulation or requotes, it's important to note that as a market maker, there is an inherent conflict of interest between the broker and client. However, XM is regulated by multiple authorities that oversee its practices, providing a level of oversight and protection for traders.
Our overall experience trading on XM has been positive, with consistently fast execution on trades. While trading highly liquid instruments during both the European and US sessions, we encountered a mix of slippage along with price improvement, typically within a range of no more than two pips either way.
We are aware of some negative reviews regarding spread widening and larger-than-expected slippage. However, it's important to understand that slippage can be influenced by several factors, such as high market volatility, trading during major news events, and the liquidity of the instruments being traded, particularly with exotic pairs or during lower-volume periods. Additionally, internet issues in regions with intermittent or subpar coverage can also contribute to these challenges. Given XM’s broad global presence, traders should be mindful of these potential risks. We want to ensure traders are aware of these factors.
XM Tools and Resources
Tools and Resources
9.2
Trading platform
Trading platforms are based on MetaTrader 4 and 5 which are known for their reliability and advanced trading features.
They also have XM web trader which allows you to trade through your web browser without the need to download any software.
XM offers mobile versions of both MetaTrader 4 and MetaTrader 5, available for Android and iOS devices.
Trading tools
XM Group offers free comprehensive education and research tools for traders including Analyzzer signals, daily technical analysis, market research and daily market commentary.
They provide free access to daily Forex webinars in 23 languages, available 7 days a week with 77 webinar instructors.
Additionally, there are live trading education sessions, video tutorials, and platform guides for both beginner and advanced traders.
XM also offers XM TV, podcasts and news feeds from Reuters, an Economic Calendar, along with YouTube Shorts and daily technical stories.
In certain regions XM Global offers copy trading, allowing traders to follow and copy the strategies of other traders directly.
Education provided by Tradepedia.
XM Trust
Trust
7.0
Regulation tiers
XM are regulated by several top-tier authorities across its various regions, including CySEC (120/10), FCSA (49976) and DFSA (F003484).
XM Global is regulated by the FSC (Belize, 000261/4).
XM clients from European Economic Area (EEA) countries are provided with investor protection of up to €20,000 through CySEC.
XM is unable to accept clients from the United States of America, Canada, Israel and Iran.
Awards and Recognition
XM has received various awards over the years from different organizations, reinforcing its reputation as a notable broker in the financial industry.
Among its recent achievements in the forex industry, winning five awards at the World Finance Forex Awards 2023, including Best FX Customer Service and regional titles for Europe, Australasia, Latin America, and the Middle East.
While these awards do provide some indication of XM's standing in the industry and customer satisfaction, it's advisable for potential clients to consider them as part of a broader assessment, including regulatory compliance, financial stability, and personal experience with the platform.
XM Customer Service and Support
Customer Service and Support
9.6
Schedule/Time to reply
XM provides customer support through various media including Live Chat, WhatsApp, Line, Viber, Telegram and Message. They provide support 24 hours a day from Monday to Friday and 18 hours over the weekend via email, phone, and chat.
We reached out through both the chat service and WhatsApp multiple times, and each time received responses within a minute. The answers were thorough and very helpful.
There is a comprehensive Help Center section available.
Languages available
Website Languages Available XM: Malay, Mandarin (Simplified) Chinese (HANS), Traditional Chinese (HANT), Greek, Magyar, Russian, Indonesian, French, Italian, Swedish, German, Polish, Arabic, Spanish, Korean, Portuguese, Vietnamese, Thai, Filipino, Dutch, Czech, Turkish, Bangla, Urdu, Sinhalese, Hindu.
XM Global: Malay, Mandarin (Simplified) Chinese (HANS), Traditional Chinese (HANT), Greek, Magyar, Russian, Indonesian, French, Italian, Swedish, German, Polish, Arabic, Spanish, Korean, Portuguese, Vietnamese, Thai, Filipino, Dutch, Czech, Turkish, Bangla, Urdu, Sinhalese, Hindu.
XM Middle East: English, Arabic.
XM South Africa: English.
Trading App Supported Languages and also MetaTrader 4 and MetaTrader 5: English, Arabic, Bengali, Czech, Dutch, Filipino, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Simplified Chinese, Singhalese, Spanish, Swedish, Thai, Traditional Chinese, Turkish, Urdu, Vietnamese.
User reviews from ForexPeaceArmy
User Experience
8.4
Here you can find what Forex Peace Army users think about XM. Do you want to see more reviews? Visit the FPA page to see more user experiences with this broker.
PipsMonkeys – Malaysia
10/10
5/5
Ardi IDN FX – Egypt
Withdrawal not received within 5 days.
1/5
timt4rade – Korea
Overall I have a good impression of this company
5/5
Alex888 – Paraguay
Best broker, trying hard to stay at top
5/5
Kiran – India
Good broker for Indians
5/5
XM final thoughts
XM offers a modern and easy-to-use trading platform that works well for traders at all levels. The layout is straightforward, making it easy for beginners and experienced traders to find their way around. There is a good range of trading instruments, including forex and CFDs, and plenty of educational materials like webinars and tutorials to help you learn. XM is regulated, which adds to its credibility, and their 24/7 multilingual support means you can get help whenever you need it, which is a big plus.
However, some users have complained about slow and unclear withdrawal processes, occasional platform issues during volatile markets, and confusing bonus terms that might not be easy to use. These issues seem to affect certain regions more, especially in Africa and parts of Asia, where local banking systems, internet issues, and regulations might make things harder.
XM is a good choice for beginner and intermediate traders, especially since you can start with just $5, use demo accounts to practice, and have lots of additional resources. While it’s a strong platform, improving some of the issues highlighted by users would make it even better for new traders. If you’re thinking of using XM, just keep these potential challenges in mind and evaluate how they align with your trading goals and risk tolerance.
About XM
XM, founded in 2009 and based in Cyprus, is a regulated online broker serving over 10 million clients worldwide. The company is overseen by multiple regulatory authorities, including CySEC (Cyprus), ASIC (Australia), FSCA (South Africa) and DFSA (Dubai). XM offers diverse financial instruments and is known for competitive trading conditions.
XM Global, primarily regulated by Belize's FSC, caters to international clients with higher leverage options up to 1000:1. It shares XM's commitment to service and innovation while operating under different regulatory frameworks to serve a broader global market, demonstrating the group's adaptability to various regulatory environments.
FAQs
XM is regulated by multiple top-tier financial authorities including:
- The Cyprus Securities and Exchange Commission (CySEC)
- Financial Sector Conduct Authority (FSCA)
- The Dubai Financial Services Authority (DFSA)
Additionally, XM takes measures to protect client funds by storing them in segregated bank accounts across various locations. This practice ensures that clients' money is kept separate from the company's operational funds, which is designed to protect clients' investments, particularly in the event of financial difficulties faced by the broker.
XM's headquarters is located in Limassol, Cyprus, at the following address: 12 Richard and Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus.
XM Global's headquarters is situated in Belize City, Belize, at the following address: Suite 101, 63 Eve Street, Belize City, Belize.
XM provides a wide range of trading instruments, including more than 50 currency pairs (7 Majors, 21 Minors, and 27 Exotics), up to 100 traditional stocks (regional restrictions apply), 12 turbo stocks and more than 1300 stock CFDs. Additionally, XM provides over 20 equity index CFDs, 5 commodity CFDs, and futures CFDs on various assets, including precious metals and energy markets.
XM Global offers a similar selection of instruments and provides higher leverage options in some instances. It includes more than 50 cryptocurrency CFDs available only in regions regulated by the Financial Services Commission (FSC) of Belize. While both XM entities provide a comprehensive range of trading options, specific offerings may vary due to different regulatory requirements. Options, bonds, and ETFs are not available on either platform.
Opening a trading account at XM is quick and easy, a process that can be completed entirely online. Here's a step-by-step guide:
- Visit the XM Website: Go to the official XM website and click on the "Open an Account" button.
- Account Registration: Select your country of residence, enter your email address, and create a password. Click "Register".
- Verify your email: Check your email inbox for a verification link from XM. Click on the link to verify your email address.
- Login YLog in to your newly created XM Members Area using your email and password.
- In the Members Area, click on "Open Real Account".
- Fill out your personal information, including name, address, and phone number.
- Provide details about your financial situation and trading experience.
- Select your trading platform and account: Choose your preferred trading platform (MetaTrader 4 or MetaTrader 5), account currency, and account type (e.g. Standard, Micro, Ultra Low, XM Zero).
- Read Small Print: Set your maximum leverage and agree to the terms and conditions.
- Password: Create a password for your trading account.
- Verify your account: Your account is now created, but you need to verify it before trading:
- Go to the "Upload Documents" section in your Members Area.
- Provide your Tax Identification Number (TIN) if applicable.
- Upload a copy of a government-issued ID (e.g., passport, driver's license).
- Upload a proof of address (e.g., recent utility bill or bank statement).
- Account Approval: Wait for XM to review and approve your documents. This typically takes 24-48 hours.
- Fund your account: Once verified, you can fund your account using various payment methods like bank transfer, credit/debit cards, or e-wallets.
- Download Trading Platform: After funding, you can download the trading platform of your choice and start trading.
- Start Trading: After funding your account and setting up the trading platform, you can begin trading the wide range of financial instruments offered by XM.
About the authors
