XM

XM

XM Group Review

4.5
(426 User Reviews)
Reviewed by Nick Lancaster
Fact-checked by Isabelle Andrasevic
Updated: September 29, 2026

XM Group is a highly trusted global forex and CFD broker known for its exceptional educational resources, robust market research, and low minimum deposit of just $5. Operating since 2009, it offers a seamless trading experience across MetaTrader platforms and its own proprietary mobile app.

Pros & Cons

What we like

  • Exceptional live trading rooms and video courses for beginners.
  • Very low minimum deposit requirement of only $5.
  • Strictly regulated globally, including tier-1 authorities (CySEC, ASIC, DFSA).
  • Zero fees on deposits and withdrawals.

Where it falls short

  • Standard account spreads can be higher than average (e.g., 2.0 pips on EUR/USD).
  • Portfolio is mostly limited to CFDs and Forex (no real stocks for EU clients).
  • Charges a $10 monthly inactivity fee after 90 days of no trading.

Table of Contents

1. Trust & Regulation

Trust is paramount when choosing a broker. XM Group is highly trusted, operating globally since 2009. It is regulated by top-tier authorities including the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities & Investments Commission (ASIC), and the Dubai Financial Services Authority (DFSA).

93 Trust Score

Highly Regulated

Client funds are held in segregated accounts with negative balance protection. Authorized by 3 Tier-1 regulators.

2. Fees & Spreads

XM's pricing is highly competitive, especially on their Ultra Low Account. While the Standard account offers spread-only pricing that averages around 1.6 to 2.0 pips for the EUR/USD, the Ultra Low account cuts those spreads down significantly (averaging 0.6 - 1.1 pips) without adding any commission fees.

Account TypeMin DepositCommissionEUR/USD SpreadLot SizeMax LeverageKey Features & Audience
Micro Account$5$0
(Spread-only)		1.6 – 1.7 pips avg
(min 1.0 – 1.6)		1 Micro Lot
= 1,000 units		Up to 1:1000 (Global)
1:30 (EU/ASIC)
  • Micro-contract sizing with up to 300 open/pending orders.
  • Access to deposit bonuses and swap-free option.
  • Best for: Beginners testing live markets with lower risk.
Standard Account$5$0
(Spread-only)		1.6 – 2.0 pips avg
(min 1.0 – 1.6)		1 Standard Lot
= 100,000 units		Up to 1:1000 (Global)
1:30 (EU/ASIC)
  • Full-size standard contracts across all instruments.
  • Eligible for promotional deposit bonuses.
  • Best for: Novice and experienced traders desiring spread-only pricing.
XM Ultra Low Account$5$0
(Spread-only)		0.6 – 1.1 pips avg
(min 0.6 – 0.8)		Standard (100k)
& Micro (1k) variants		Up to 1:1000 (Global)
1:30 (EU/ASIC)
  • Ultra-competitive spreads with zero commission fees.
  • Not eligible for trading deposit bonus schemes.
  • Best for: Day traders, scalpers, and cost-sensitive traders.
XM Zero Account$100
($5 in select EU)		$3.50 per side
($7.00 round-turn)		0.0 – 0.1 pips raw
(all-in cost from ~0.7)		1 Standard Lot
(No Micro)		Up to 1:1000 (Global)
1:30 (EU/ASIC)
  • Raw interbank spreads with 200 open/pending order limit.
  • Restricted to USD, EUR, and JPY base currencies.
  • Best for: Scalpers, EA automated trading, and HFT.
Shares Account$10,0000.10% / trade
(0.04% for US stocks, $1 min)		N/A
(Exchange spreads)		1 Share / lot1:1
(Unleveraged)
  • Direct ownership of 1,200+ global cash equities.
  • USD base currency only; includes free VPS access.
  • Best for: Investors seeking non-leveraged cash stock trading.
Demo & Islamic Variations$0 (Demo)
Base tier (Islamic)		Simulated live spreads (Demo) / Matches base account (Islamic)Up to 1:1000
  • Demo: $100k virtual balance, unlimited duration.
  • Islamic: 100% swap-free overnight holding with no hidden fees or widened spreads.

*Spreads are variable and recorded during peak market hours. XM covers all deposit and withdrawal fees, but an inactivity fee applies after 90 days.

3. Trading Platforms

XM Group offers a fantastic suite of platforms. While they rely on the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for desktop and web trading, their standout feature is the proprietary XM Mobile App. The app is incredibly user-friendly, integrating TradingView charts, market research, and account management into a single seamless interface.

  • Proprietary XM Mobile App (iOS & Android)
  • MetaTrader 4 (Desktop, Web, Mobile)
  • MetaTrader 5 (Desktop, Web, Mobile)
  • Integrated Trading Central tools and Reuters news