XM Review


Location: Cyprus

Regulation: CySEC, FCA UK, ASIC Australia, IFSC Belize

XM Open Trading Account

Top Forex Brokers

General Features, Location and Regulation of XM Broker

Reviewed broker: XM

Established in 2009

Location: Cyprus

Operated by Trading Point of Financial Instruments Ltd (Cyprus), Trading Point of Financial Instruments Pty Ltd. (Australia) and Trading Point NZ Ltd (New Zealand)

USA traders: accepted

Regulation: CySEC, FCA UK, ASIC Australia, IFSC Belize

Note: previously known as TradingPoint and MegaTraderFX

Latest awards: Best FX Service Provider 2017 by City of London Wealth Management Awards, Best Local Customer Service 2016 by FX168, Industry Selection of World Finance 100

XM Account Types, Payments and Trading Conditions

Trading instruments: currency, commodities, indices, metals, energies, stocks

Special features: ultrafast execution 99.35% of all trades executed in less than 1 second

Currency pairs: 55

Trading platforms: Metatrader 4, Metatrader 5, XM Webtrader

Cryptocurrency trading: yes

Open trading account with XM broker

Platform, Social Trading and Spreads 

Built-in technical indicators: yes

Expert advisors: allowed

Extensive back-testing options: yes

Advanced charting tools: yes

Account types: micro, standard, zero

Virtual private server VPS hosting: free for deposits of minimum $5,000

Demo account: available

Minimum deposit requirement: $5

Payment methods: credit cards, wire transfer, Skrill, Neteller, webmoney, paysafe, ideal, sofort, qiwi, cashu, giropay, przelewy24, western union

Maximum leverage is up to 1:888

Spread types: variable

Average spread starts from 1.7 pips


Start trading with XM broker


ECN spread start from 0.1 pips plus $5 commission per standard lot traded

Islamic swap free accounts: available upon request

Learning Material and Latest Promotions

Bonus and promotions: 100% deposit bonus up to $5,000, $30 no deposit bonus, Forex World Championship with 41 million pool prize.

Educational materials: seminars, webinars, unlimited access to video tutorials, market reviews, trading signals, daily technical analysis

Customer support: email, phone, online chat, personal account manager

How was the rating of XM performed compared to other brokers? 

This 2019 Forex Broker Review  has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on XM FX broker performance and features. 

Overall our online XM review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online XM or you find inaccurate details XM broker review please get in touch with us and the changes will be applied. 

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