XM Review
Best for: Very low deposit and wide account choice
One of the most widely used global brokers, known for a very low minimum deposit, a large account-type selection and extensive educational content.
Key facts
- Minimum deposit
- $100
- Spread from
- 0.6 pips (Ultra Low account)
- Regulation
- ASIC (Australia), CySEC (Cyprus), FSC (Belize)
- Platforms
- MetaTrader 4, MetaTrader 5
- Account types
- Micro, Standard, Ultra Low, Shares, Demo
- Markets
- Forex, Indices, Commodities, Metals, Shares CFDs
Pros & cons
Pros
- Very low minimum deposit
- Wide choice of account types including a Shares account
- Large library of webinars and educational content
Cons
- No true raw-ECN commission account
- Product range narrower than some multi-asset brokers
Fees and spreads
Spread-only pricing on all standard account types, with no separate commission. Confirm current spreads with XM.
Deposits and withdrawals
Bank transfer, cards and a wide range of e-wallets, varying by region. Confirm fees and processing times with the broker.
Customer support
24/5 multi-language support.
Education
Extensive webinars, seminars and written educational content.
Who this broker may suit
May suit newer traders who want a very low entry deposit and a broker with a large education library.
Final assessment
A well-established, high-volume broker with broad appeal. Confirm current regulatory entity and terms before opening an account.
Frequently asked questions
What is the minimum deposit at XM?
XM is commonly cited as having a very low minimum deposit, but confirm the current figure for your account type and region with the broker.