XM Official Website

XM Review

Long-established broker with a low entry point and heavy education focus.

ForexIndicesCommoditiesStocksMetals
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4.4 ★0 reviews
2009Founded
190+Countries
1-3 business daysWithdrawal time

Why traders choose XM

  • $5 minimum deposit, among the lowest available
  • Micro accounts for trading very small size
  • Large library of free educational material and webinars
  • No commission on the standard accounts
  • Wide range of local deposit methods

Overview

XM is aimed squarely at newer traders: a $5 minimum, micro accounts and a large amount of free education.

Pros

  • Very low barrier to entry
  • Genuinely useful education for beginners
  • No commission on standard accounts
  • Micro accounts allow tiny position sizes

Cons

  • Spreads are wider than ECN brokers
  • Frequent promotional bonuses that carry conditions
  • Ultra Low account needed for competitive pricing
  • Less suited to scalping

Our review

For a first live account it does the job. Micro accounts let you trade genuinely small size, which is the right way to start, and the education is better than most brokers bother with.

The cost of that accessibility is spread. XM is not a cheap broker to trade actively — the standard account carries no commission but the spread absorbs it, and scalping is not a good fit.

Treat the bonus promotions carefully. They come with trading volume conditions that are easy to misjudge.

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