Once you have downloaded the MT4 mobile trading platform, you should access the relevant XM server. There is a library of free educational materials for XM users including the likes of week interactive webinars and video tutorials. They always have the latest news from the world of forex as well as providing regular market analysis from the team of experts at the platform.

Most of the education section on XM is based on video content. You can dive deep into topics ranging from an introduction to financial markets through money management and trading strategies to technical analysis. Each chapter has several lessons, all available for XM users only. However, the platform feels outdated and some features are hard to find. For example, it took us a while to figure out how to add an asset to the watchlist.

A World of Trading Opportunities

This means that MT5 offers not only FX but also trading in stocks, stock indices and precious metals. Clients who need the freedom to trade in multiple asset classes, are recommended to choose the MT5 family of trading platforms, which also gives them access to the XM WebTrader. A multi-asset trading platform is a trading platform that allows clients to trade not only in forex but also in other asset classes including stock indices, metals or energies. To deposit funds to the trading platform you trade on, you will first be required to open a live trading account. On the plus side, we liked the low stock CFD and withdrawal fees.

You have two accounts which are free from commissions – Standard and Micro accounts, while the XM Zero account is based on commission. XM always have a range of promotions they are running at any given time. They have a 100% deposit bonus up to $5,000, they have free VPS services and there are no fees on both deposits and withdrawals. The decision about which platform to choose is clearly based on what a client would like to trade.

The XM web trading platform has great customizability. It is easy to change the size and the position of the tabs. XM’s forex fees are average compared to its competitors. These catch-all benchmark fees https://traderoom.info/ include spreads, commissions and financing costs for all brokers. First, let’s go over some basic terms related to broker fees. What you need to keep an eye on are trading fees and non-trading fees.

What is the minimum deposit at XM?

You can only withdraw money to accounts that are in your name. We tested debit card withdrawal and it took 2 business days. You can only deposit money from accounts that are in your name. With Islamic accounts, a flat commission is charged if you hold your leveraged position overnight instead of the percentage-based financing rates.

XM is a broker that has been around since 2009 and now employs more than 300 people. They have a diverse offering of instruments, which caters for the needs of their users in an adequate manner. All of the usual forms of deposit and withdrawal are available with XM, such as Neteller Moneybookers, debit and credit cards and Skrill.

If you do not give your consent to the above, you may xm broker alternatively contact us via the Members Area or at

Take Your Trading On The Go

If you are looking for a platform that is easy and straightforward to use and that looks after their users, XM could be the right option for you. In total, there are 356 different CFDs offered by XM, with five of these being cryptocurrency CFDs. There are 57 currency pairs on offer and they don’t offer any ETF products. This includes over 350 CFDs, as well as 57 currency pairs and 5 cryptocurrency CFDs. Trading Point of Financial Instruments Limited provides investment and ancillary services to residents of the European Economic Area (EEA) and the United Kingdom. Contact the source provider Comtex at You can also contact MarketWatch Customer Service via our Customer Center.

XM is regulated by several authorities globally, including the top-tier ASIC. On the other hand, the company doesn’t disclose financial information and isn’t listed on any exchanges. XM provides negative balance protection for both EU and non-EU customers. XM operates several subsidiaries, and which one of these will serve you depends on your residency.

XM account opening is fully digital, fast and straightforward. You can fill out the online application form in 20 minutes. There are a few exceptions though; among others, you can’t open an account from the USA, Canada, China, Japan, New Zealand or Israel. There is a $15 one-off maintenance fee after 1 year of inactivity, and this is followed by a $5 monthly fee if the account remains inactive. As they are reliant on MetaTrader for the trading software, you are not going to be surprised by anything on this front. They have a decent welcome bonus, matching your first deposit 100% up to a max bonus of $5,000.

They have a wide ranging section for education, including free weekly webinars that are interactive. It is an ideal learning ground for beginner traders and with three different account types, they cater for all kinds of traders depending on what their specific needs may be. All platforms in the MT4 family are accessible with the same login and password, while all platforms in the MT5 family are accessible with the same login and password. Clients who wish to trade on multiple asset classes, will have to select the MT5 as their platform of choice during registration. Also trading and non-trading fees charged by a brokerage companies were taken into consideration.

At XM, clients have the choice to select the MT4 family of platforms or the MT5 family of platforms. At XM the client comes first regardless of net capital worth, account type or size of investment. All our clients receive the same quality services, the same execution, and the same level of support. XM was founded on these values, and that will not change.

• They have the necessary approval from the CySEC in Cyprus as well as being a ASIC regulated entity in Australia.
• There is a $15 one-off maintenance fee after 1 year of inactivity, and this is followed by a $5 monthly fee if the account remains inactive.
• This includes over 350 CFDs, as well as 57 currency pairs and 5 cryptocurrency CFDs.
• XM has many account types, which all differ in pricing.
• All of the usual forms of deposit and withdrawal are available with XM, such as Neteller Moneybookers, debit and credit cards and Skrill.

Clients onboarded under IFSC can also trade real stocks using the Shares Account. The commissions are volume-tiered with a minimum fee. We also compared XM’s fees with those of two similar brokers we selected, FxPro and Admirals (Admiral Markets). This selection is based on objective factors such as products offered, client profile, fee structure, etc.

The trading platform itself, however, doesn’t have two-step authentication. There is no account fee and XM charges no withdrawal fee in most cases, though bank withdrawals below $200 carry a $15 fee. In the sections below, you will find the most relevant fees of XM for each asset class.

One of the recent awards they have received is being named as the best FX broker in Europe in 2018 by the World Finance Magazine. At XM deposits and withdrawals are performed via the XM Members Area, which is fully functional on all mobile devices and which has been designed with mobile trading in mind. If you already have an XM account, please state your account ID so that our support team can provide you with the best service possible. All our systems are built and updated with the client in mind. XM provides trading ideas under the ‘Trade Ideas’ tab, where you can find various assets and their recent performances. For desktop trading too, you can use the MetaTrader 4 and 5 platforms; we tested MetaTrader 4.

To gain access to any of the XM trading platforms, you will need to have a demo or a live trading account. Each unique account provides you with a login number that allows you login to the trading platform that you selected during the registration. XM offers mobile trading for all its trading platforms, and our clients can download the matching application of their platform of choice for both Apple and Android devices. The primary difference between MT4 and MT5 is that MT4 is predominantly a forex trading platform, while MT5 is a multi-asset trading platform.

XM has low stock CFD, while average stock index CFD fees. To have a clear overview of XM, let’s start with the trading fees. We ranked XM’s fee levels as low, average or high based on how they compare to those of all reviewed brokers. As they are completely reliant on MetaTrader platforms, those familiar with the sector can easily utilize the broker as it is similar to a lot of other offerings out there. The private company behind the XM brand is Trading Point Holdings.