Thinking about trading with XM in 2025? Let's see what they offer. Here we'll look at real trader feedback, break down their costs like spreads and swaps, and check their regulatory status to see how they measure up.

Live Spreads: Account Type is Key

A key trading cost is the spread – the difference between the buy and sell price. At XM, this cost really depends on the account you choose. Their Micro and Standard accounts don't typically charge commission fees but often have wider spreads. The XM Ultra Low account takes a different approach, aiming for tighter spreads, also often without extra commission.

Our live data suggests that while XM's standard spreads might be higher than some ultra-low-cost brokers, the overall package (often including bonuses) is popular. For potentially lower costs per trade, the Ultra Low account is worth investigating. Want to compare XM head-to-head? Use the orange "Edit" button above.

4.3

(206 )

Ranked 63 out of 1751 (Forex Brokers)

This rating is based on 172 reviews by users that proved they are real customers of this company. All reviews undergo significant human and technical moderation. Companies that get 30+ reviews by verified reviewers are scored only on their ratings by verified reviewers and get a green checkmark by their rating.

Scanning XM verified user reviews on FxVerify, traders often praise the broker for its bonuses and promotions. Fast deposits and withdrawals are frequently mentioned positives, alongside helpful customer support. The Ultra Low account gets nods for better pricing. On the downside, high spreads on other accounts are a common complaint, and some users report occasional withdrawal issues or slippage during volatile times.

XM (xm.com) Overall rating

	Rating	Weight
User Rating	4.3 (206 reviews)	3
Popularity	4.8	3
Regulation	5.0	2
Pricing rating	4.8	1
Features	Not rated	1
Customer Support	Not rated	1

The overall ratings on FxVerify reflect XM's popularity, particularly among retail traders. Founded in 2009, they have grown into a large, well-established global broker recognised for its extensive marketing and bonus offerings. They hold licences from multiple regulators across different regions, contributing to their reputation. XM scores well for its platform options and customer support availability. They are a privately held company and not structured as a bank.

Regulation: Multiple Licences Globally

Company	Licenses & Regulations	Segregated Client Money	Deposit Compensation Scheme	Negative Balance Protection	Rebates	Max. Leverage Retail Clients
Trading Point of Financial Instruments Pty Ltd	Australia - AU ASIC					30 : 1
Trading Point of Financial Instruments Limited	Cyprus - CY CYSEC		up to €20,000			30 : 1
XM Global Limited	Belize - BZ FSC					1000 : 1
Trading Point MENA Limited	United Arab Emirates - AE DFSA					30 : 1

XM operates under various licences globally, demonstrating a commitment to regulation in different jurisdictions. Key regulators include CySEC (Cyprus/EU), ASIC (Australia), the FSC (Belize), and the DFSA (Dubai). This multi-licensing means the rules and protections can differ depending on which entity your account is registered with.

Crucially, this impacts leverage: clients under EU (CySEC) or Australian (ASIC) regulation are typically limited to 1:30 leverage on major forex pairs. In contrast, clients under the FSC (Belize) entity may be offered significantly higher leverage, potentially up to 1:1000. Investor compensation schemes (like the ICF in Cyprus) are also tied to specific regulators and don't apply universally across all XM entities.

Available Assets: 1,400+ Global Instruments

XM provides traders access to a wide array of instruments. This includes a large selection of forex pairs, plus CFDs on stock indices, commodities (like oil and gold), precious metals, energies, and cryptocurrencies. They also offer CFDs on individual company stocks. Please note that instrument availability might be subject to entity/jurisdiction.

You can use the live symbol search tool above to browse the currently available instruments, with data pulled from active accounts. It's important to remember that most of these are traded as CFDs (Contracts for Difference). This means you're speculating on price movements without actually owning the underlying asset, enabling the use of leverage but also increasing the associated risks.

Live Swap Rates: Overnight Holding Costs

Holding positions overnight with XM incurs swap fees (also known as rollover or financing costs). These can be charged to your account or credited, varying based on the instrument, trade direction (long/short), and interest rate differentials. The table above displays live swap rates gathered by our analysis tool.

XM's swap rates are variable and might not always be the most competitive compared to brokers focused purely on low-cost ECN-style execution, especially considering their wider-spread account options. As is standard practice, XM's triple swaps are applied on Wednesdays to cover the weekend. Use the orange "Edit" button to make direct comparisons with other brokers or symbols.

Trading Platforms: MT4, MT5 & Functional XM App

XM offers the globally recognised MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are industry benchmarks available on desktop, web, and mobile. Additionally, they provide their own proprietary XM App for a streamlined mobile trading experience. The table above summarises the main advantages and drawbacks of each platform.

Deposits/Withdrawals: Wide Variety, Generally Fast

XM provides numerous ways to fund your account and withdraw profits, including major credit/debit cards, bank transfers, and popular e-wallets like Skrill and Neteller. They also support various local payment methods depending on your country. Processing is generally reported as fast, especially for e-wallets.

XM usually doesn't charge fees for deposits or withdrawals (*they often state they cover bank wire fees for amounts over a certain threshold, often around $200/€200). However, it's crucial to remember that your own bank or payment provider might impose charges. Currently, direct funding via cryptocurrencies is not typically offered by XM. Always check the official XM website for the most up-to-date list of methods, fees, and processing times specific to your region.

Leverage: Up to 1000:1 Offshore

Leverage at XM varies dramatically based on the regulatory entity governing your account. For accounts under European (CySEC) or Australian (ASIC) regulation, leverage is capped at 1:30 for major forex pairs for retail clients. However, under entities like the one regulated by the FSC in Belize, XM offers much higher leverage, potentially reaching up to 1:1000. While this allows controlling larger positions with smaller capital, it significantly increases the risk of substantial losses and requires careful risk management.

XM (xm.com) Profile

24 hour support

Segregated Accounts

Islamic Accounts

Accepts Canadian clients

Accepts Japanese Clients

Non expiring demo

Trading API

Cent accounts

Negative balance protection

Social trading

Regulatory deposit insurance

Trailing stops

Bonuses

Interest on margin

Fixed spread

Variable spread

The XM profile on FxVerify offers a concise summary of the broker's key attributes. You can quickly find details like their founding year (2009), accepted countries, available account base currencies, customer support channels, and a full breakdown of deposit and withdrawal options.

XM (xm.com) Promotions

Free VPS Service

Zero Fees on Deposits & Withdrawals

XM offers a couple of practical benefits that stand out. Eligible clients can get access to a Free VPS (Virtual Private Server) service, which is really handy if you rely on automated trading strategies (EAs) or need your platform running constantly. They also promote Zero Fees on Deposits & Withdrawals, meaning XM itself won't charge you for funding your account or taking money out.

Of course, for the VPS, you'll need to check the specific eligibility requirements, and keep in mind that while XM doesn't charge funding fees, your bank or payment provider might still impose their own charges. It is absolutely essential to read and fully understand these T&Cs on the official XM website before opting into any promotion.

XM (xm.com) Cashback rebates

	Micro	Standard	XM Zero	Ultra Low
Forex	$5.5 Per Lot		$2.2 Per Lot	Up to $7.50 Per Lot
Oil / Energies	Up to $37.50 Per Lot		Up to $34.08 Per Lot	Up to $37.50 Per Lot
Metals	Gold Silver $5.50 Per Lot		Gold Silver $2.2 Per Lot	Gold $3.00 Per Lot Silver $7.50 Per Lot
Shares / Equities	Up to $37.50 Per Lot		Up to $34.08 Per Lot	Up to $37.50 Per Lot
Indices	Up to $37.50 Per Lot		Up to $34.08 Per Lot	Up to $37.50 Per Lot
Soft commodities (coffee,sugar...)	Up to $37.50 Per Lot		Up to $34.08 Per Lot	Up to $37.50 Per Lot
Cryptocurrencies	Up to $37.50 Per Lot		Up to $34.08 Per Lot	Up to $37.50 Per Lot
Payment Options	Direct to your XM MyWallet (2x weekly) Cash back is credited directly to your XM MyWallet. Trading for Friday to Monday is credited the following Thursday. Trading for Tuesday to Thursday is credited the following Tuesday. Monthly Cash Back - Real Time Reports Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month. Real-time “reports” are posted on your profile dashboard: 1) for most MT4 accounts every 10 minutes; 2) for XM accounts every few hours; 3) and for all: MT5, Tickmill, IC Markets, IC Trading & EightCap accounts (Crypto transactions are not included in Real-time reports) once daily.

	Micro
Forex	$5.5 Per Lot
Oil / Energies	Up to $37.50 Per Lot
Metals	Gold Silver $5.50 Per Lot
Shares / Equities	Up to $37.50 Per Lot
Indices	Up to $37.50 Per Lot
Soft commodities (coffee,sugar...)	Up to $37.50 Per Lot
Cryptocurrencies	Up to $37.50 Per Lot
Payment Options	Direct to your XM MyWallet (2x weekly) Cash back is credited directly to your XM MyWallet. Trading for Friday to Monday is credited the following Thursday. Trading for Tuesday to Thursday is credited the following Tuesday. Monthly Cash Back - Real Time Reports Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month. Real-time “reports” are posted on your profile dashboard: 1) for most MT4 accounts every 10 minutes; 2) for XM accounts every few hours; 3) and for all: MT5, Tickmill, IC Markets, IC Trading & EightCap accounts (Crypto transactions are not included in Real-time reports) once daily.

	Standard
Forex	$5.5 Per Lot
Oil / Energies	Up to $37.50 Per Lot
Metals	Gold Silver $5.50 Per Lot
Shares / Equities	Up to $37.50 Per Lot
Indices	Up to $37.50 Per Lot
Soft commodities (coffee,sugar...)	Up to $37.50 Per Lot
Cryptocurrencies	Up to $37.50 Per Lot
Payment Options	Direct to your XM MyWallet (2x weekly) Cash back is credited directly to your XM MyWallet. Trading for Friday to Monday is credited the following Thursday. Trading for Tuesday to Thursday is credited the following Tuesday. Monthly Cash Back - Real Time Reports Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month. Real-time “reports” are posted on your profile dashboard: 1) for most MT4 accounts every 10 minutes; 2) for XM accounts every few hours; 3) and for all: MT5, Tickmill, IC Markets, IC Trading & EightCap accounts (Crypto transactions are not included in Real-time reports) once daily.

	XM Zero
Forex	$2.2 Per Lot
Oil / Energies	Up to $34.08 Per Lot
Metals	Gold Silver $2.2 Per Lot
Shares / Equities	Up to $34.08 Per Lot
Indices	Up to $34.08 Per Lot
Soft commodities (coffee,sugar...)	Up to $34.08 Per Lot
Cryptocurrencies	Up to $34.08 Per Lot
Payment Options	Direct to your XM MyWallet (2x weekly) Cash back is credited directly to your XM MyWallet. Trading for Friday to Monday is credited the following Thursday. Trading for Tuesday to Thursday is credited the following Tuesday. Monthly Cash Back - Real Time Reports Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month. Real-time “reports” are posted on your profile dashboard: 1) for most MT4 accounts every 10 minutes; 2) for XM accounts every few hours; 3) and for all: MT5, Tickmill, IC Markets, IC Trading & EightCap accounts (Crypto transactions are not included in Real-time reports) once daily.

	Ultra Low
Forex	Up to $7.50 Per Lot
Oil / Energies	Up to $37.50 Per Lot
Metals	Gold $3.00 Per Lot Silver $7.50 Per Lot
Shares / Equities	Up to $37.50 Per Lot
Indices	Up to $37.50 Per Lot
Soft commodities (coffee,sugar...)	Up to $37.50 Per Lot
Cryptocurrencies	Up to $37.50 Per Lot
Payment Options	Direct to your XM MyWallet (2x weekly) Cash back is credited directly to your XM MyWallet. Trading for Friday to Monday is credited the following Thursday. Trading for Tuesday to Thursday is credited the following Tuesday. Monthly Cash Back - Real Time Reports Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month. Real-time “reports” are posted on your profile dashboard: 1) for most MT4 accounts every 10 minutes; 2) for XM accounts every few hours; 3) and for all: MT5, Tickmill, IC Markets, IC Trading & EightCap accounts (Crypto transactions are not included in Real-time reports) once daily.

How much XM (xm.com) rebates can I earn?

Use our forex rebate calculator to estimate your XM (xm.com) rebate earnings:

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Forex pairs are 100,000 units per 1 lot

Units per 1 lot vary on non-forex pairs, please check with your broker

In MT4 and MT5 right click a symbol and then click Specification. The Contract Size field tells how many units are in one lot.
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