XM Broker Review By an Expert Trader

This is a very honest XM broker review.

Are you considering using the XM broker for trading?

I have been using XM broker for some years now. Therefore this review is from a first-hand experience using this broker.
As opposed to other Xm broker reviews that you will find online; I try to keep this simple to only necessary information that can help you make a better trading decision.

I am going to answer the following questions

1. Is XM broker safe, regulated and legitimate?
2. What is XM broker spread and Leverage?
3. Is this broker good for beginners?
4. What is XM broker minimum deposit?
5. Which XM Broker Account type should you open?
6. What are Xm broker Withdrawal and Deposit Methods

In the table below; I have a summary of the XM broker review

Year Founded	2009
Minimum Deposit	$5
Free Bonus	50% Deposit Bonus
XM Spread	as low as 1 pip/ 0.6pip
Cent Account?	Micro Account Available
Leverage	Btw 1:1 to 1:888
ECN?	No
Deposit Methods	Credit Cards, Popular E-Wallets and Bank Transfer
Withdrawal Methods	Credit Cards, Popular E-Wallets and Bank Transfer
MT4	Yes
MT5	Yes
Mobile App	Yes
Copy Trade	No
Trust Score

Is XM Broker Safe And Regulated?

Yes XM broker is safe and regulated.

Forex brokers like Xm broker are answerable to regulatory bodies which helps protect traders’ capital and also put the brokers in check.

As for XM Broker, it is regulated by the international financial service commission(Belize).

While I have never had a problem with XM broker, I am not 100% satisfied that this broker is only regulated by a single regulatory body.

Below are some of the recent awards won by the XM broker.

XM Broker Recent Awards

1. Best Trading Experience awarded by – Ultimate Fintech
2. XM Broker is the Best FX Service Provider – Awarded by City of London Wealth Management Awards 2021
3. Best Broker in Customer Service -Awarded by FX168 in December 2020

XM Broker Review – FAQS

All XM Broker Account Types

The XM broker provides 4 different account types that you can pick from.

These account types also have Islamic account alternatives for customers and traders with the Islamic faith.
Let me show the four account types and then the details that could help you pick the best account type for your trading purposes.

Micro Account Type – Spread, Leverage, Minimum Deposit

Base Currency: USD, EUR, GBP, JPY, CHF,‎AUD, HUF, PLN, RUB, SGD, ZAR

Spread on all majors: As low as 1 Pip

Minimum Deposit: $5

Leverage: 1:1 to 1:888 ($5 – $20,000), 1:1 to 1:200 ($20,001 – $100,000), 1:1 to 1:100 ($100,001 +)

Lot restriction per ticket: 100 Lots

Standard Account Type – Spread, Leverage, Minimum Deposit

Base Currency: USD, EUR, GBP, JPY, CHF,‎AUD, HUF, PLN, RUB, SGD, ZAR

Spread on all majors: As low as 1 Pip

Minimum Deposit: $5

Leverage: 1:1 to 1:888 ($5 – $20,000), 1:1 to 1:200 ($20,001 – $100,000), 1:1 to 1:100 ($100,001 +)

Lot restriction per ticket: 50 Lots

XM Ultra Account – Spread, Leverage, Minimum Deposit

Base Currency Options: EUR, USD, GBP, AUD, ZAR, SGD

Spread on all majors: As low as 0.6 Pip

Leverage: 1:1 to 1:888 ($5 – $20,000), 1:1 to 1:200 ($20,001 – $100,000), 1:1 to 1:100 ($100,001 +)

Minimum Trade Volume: Standard Ultra: 0.01 Lots, Micro Ultra: 0.1 Lots

XM Broker Review – Trading Platforms

The following is the list of trading platforms offered by the XM Broker.

• MT4 For PC and MAC
• MT4 For Android and MAC
• MT5 For PC and MAC
• MT5 For Android and MAC
• XM mobile app for Android and IOS

XM Broker Trading Instruments

• Forex
• Stocks
• Commodities
• Equity Indices
• Precious Metals
• Energies

XM Broker Traders Education

XM broker has a lot of educational materials for beginner traders.

These training materials are grouped on the XM broker website;

• Educational Videos
• Forex Webinars
• Forex Seminars

XM Broker Review Summary

With a trust score of 80%, opening a trading account with XM broker isn’t a bad idea at all.

Have you used the XM broker in the past? kindly share your experience in the comment box below.