XM
XM Review
Standard and Ultra Low accounts from a $5 deposit, with a separate Shares account.
Figures published by XM, read on 2026-09-05. Rules and pricing change without notice, so treat their own site as the last word.
Why traders choose XM
- Standard and Ultra Low accounts open from $5
- Ultra Low is the account XM points high-volume traders to, for lower spreads and swaps
- A separate Shares account for buying stock, from $10,000
- Bonuses on the Standard account, described by XM as boosting trading power
- Copy trading, trading competitions and a loyalty club run alongside the accounts
Overview
XM offers three accounts on its global site: Standard and Ultra Low, both from a $5 minimum, and a Shares account from $10,000. The global entity, XM Global Limited, is licensed by the Financial Services Commission of Belize.
Pros
- One of the lowest entry points anywhere at $5
- The Ultra Low account gives a cheaper option without a commission model to learn
- MetaTrader 4 and 5 plus their own app, so nothing unfamiliar
Cons
- The global site is the Belize entity; XM's European and Australian entities have different leverage caps and protections
- Spreads and leverage figures were not on the accounts page we read; they are in the account details after sign-up
- Bonuses come with their own terms, which are worth reading before taking one
Our review
XM's pitch is accessibility. A $5 minimum on both CFD accounts is about as low as the industry goes, and the choice between them is simple: Standard comes with bonuses, Ultra Low with lower spreads and swaps for people who trade more. Platforms are MetaTrader 4, MetaTrader 5 and XM's own app, so there is nothing new to learn.
The licence on the global site is from Belize, held by XM Global Limited under the Securities Industry Act 2021. As with every broker that runs several entities, that is the one to judge by if you sign up from Bangladesh or most of Asia; the European and Australian XM entities operate under stricter rules and lower leverage.
The accounts page we read lists minimums but not spreads or leverage, so treat those as things to check in the account details rather than to assume. XM suits a first account, particularly with a very small deposit; the bonus terms are the fine print to read.