Updated 
XM is a leading forex and CFD broker with a global presence, offering a wide range of account types and trading platforms suited for both beginners and experienced traders. In this review, we’ll cover XM’s features, account types, fees, and more, helping you assess whether XM is the right broker for you in 2025.
XM Features at a Glance
| Feature | Details |
| Regulation | CySEC, ASIC, IFSC, FSC |
| Trading Platforms | MetaTrader 4, MetaTrader 5, XM WebTrader |
| Leverage | Up to 1:888 (depending on jurisdiction) |
| Minimum Deposit | $5 for Micro and Standard Accounts |
| Assets Available | Forex, Commodities, Cryptocurrencies, Stocks |
| Spreads | From 0.6 pips on Standard Accounts |
| Deposit Methods | Bank transfer, credit card, e-wallets |
| Customer Support | 24/5 multilingual support |
About XM
XM, founded in 2009, has become a reputable and widely used broker, particularly known for its diverse range of account types and low minimum deposit requirements. Regulated by multiple authorities including CySEC and ASIC, XM offers a secure trading environment with a variety of tools and platforms for both new and experienced traders.
XM has grown into a globally recognized brand, offering over 1,000 tradable instruments. Their user-friendly platforms, MetaTrader 4 and 5, are widely trusted by traders, and the company offers various educational resources, making it accessible to traders from all walks of life.
XM Account Types
XM offers three main account types, designed to suit different levels of trading experience and preferences:
Micro Account
Designed for beginners, the Micro Account allows trading in smaller lot sizes, with a minimum deposit of just $5. This account is ideal for traders who want to practice or trade with minimal risk.
Standard Account
The Standard Account offers more competitive spreads and the ability to trade standard lots, making it suitable for intermediate traders. The minimum deposit for this account is also $5.
XM Zero Account
For more advanced traders, the XM Zero Account offers spreads as low as 0.0 pips on major forex pairs, with a small commission on trades. This account is perfect for those who prioritize tighter spreads over commission-free trading.
Additionally, XM provides Islamic (swap-free) accounts for traders who follow Sharia law, ensuring that there are no overnight interest charges.
XM Commission and Fees
XM operates with a relatively transparent fee structure. Most accounts, including the Micro and Standard accounts, come with no commission charges, but spreads may be slightly wider, starting from 0.6 pips.
For traders who opt for the XM Zero Account, spreads can be as low as 0.0 pips, but there is a commission charged on each trade, typically $3.50 per lot, per side. This makes the Zero Account attractive for scalpers and high-frequency traders who benefit from tighter spreads.
XM does not charge any deposit or withdrawal fees, and they offer a variety of payment methods including e-wallets, bank transfers, and credit cards, making transactions convenient for traders worldwide.
Pros and Cons of XM
Pros
Low Minimum Deposit: With a starting deposit as low as $5, XM is highly accessible for beginner traders.
Multiple Account Types: XM offers account options for traders of all levels, from beginners to professionals.
Wide Range of Assets: Trade over 1,000 instruments, including forex, commodities, cryptocurrencies, and stocks.
No Deposit/Withdrawal Fees: XM covers all transaction fees, making it easier for traders to manage their funds.
Strong Educational Resources: XM provides webinars, video tutorials, and market analysis to support trader development.
Cons
High Leverage Not Available Everywhere: Due to regulatory restrictions, the 1:888 leverage may not be available in some regions.
Limited Customer Support Hours: XM’s customer support is available only 24/5, which may be inconvenient for traders in certain time zones.
Inactivity Fees: XM charges inactivity fees after 90 days of no account activity, which can be a downside for occasional traders.
Alternatives to XM
If you are looking for an alternative to XM, Vantage is a broker worth considering in 2025. Vantage offers a more competitive environment for traders who are looking for tighter spreads and faster execution times.
While XM offers a solid variety of accounts, Vantage is known for its Raw ECN accounts, which provide spreads from 0.0 pips with a commission structure that can be more favorable for professional traders. Vantage also excels in terms of execution speed, making it ideal for day traders and scalpers.
Furthermore, Vantage offers advanced trading tools, including copy trading and social trading features, giving traders additional flexibility. For traders who seek a balance between low trading costs and robust technology, Vantage is a better alternative to XM.
In conclusion, XM remains a reliable broker with a wide range of features suitable for traders at every level. However, for those prioritizing faster execution and lower trading costs, Vantage stands out as a more suitable alternative in 2025.
Disclaimer: The information provided in this article is accurate as of the date of writing. Market conditions and data are subject to change, and readers are encouraged to verify details independently before making any financial decisions.
