XM Forex Broker Review

By | May 1, 2024

XM Global Limited is a subsidiary company of Trading Point Holdings Ltd with registered address at Suite 404, Coney Drive, Belize.

XM Global Limited is regulated by Financial Service Commission and the other group company by the name Trading Point is regulated by CySEC (Cyprus).

XM has over 2.5 million traders from over 196 countries. You can trade over 1000+ instruments over six asset classes – 55 currency pairs, CFDs on major global indices, commodities, stocks, metals and energies.

XM offers MT4 and MT5 trading platforms across devices (Android, iOS, iPad, Mac and PC) and even on the web through MT Web Trader.

New traders can test their forex trading skills on a demo account that comes with $100,000 of virtual balance.

XM has four account types with negative balance protection.

What I Like 

  • Demo account with $100,000 of virtual balance
  • Low minimum deposit Forex account
  • Negative balance protection

What I Didn’t Like 

  • Max 200 open positions
  • No proprietary platform

Account Types Minimum deposit Spreads Leverage

Micro Account $5 As low as 1 pip Up to 1:1000

Standard Account $5 As low as 1 pip Up to 1:1000

XM Ultra-Low Account $50 As low as 0.6 pip Up to 1:1000

Shares Account $10,000 As per the underlying exchange No leverage

 

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