XM Review 2026
Affiliate disclosure: AlphaScala may receive commission if you open an account with XM through links on this page. This does not affect our editorial review — see our editorial policy on independence.
Overview
XM is a globally regulated broker serving over 10 million clients across 190 countries. Founded in 2009, XM has built a reputation for accessibility, offering micro accounts with just $5 minimum deposit. The broker excels in education, providing daily webinars, video tutorials, and a comprehensive trading academy. XM is ideal for beginners and intermediate traders who value education and low entry barriers.
Founded
2009
Headquarters
Limassol, Cyprus
Min Deposit
$5
Max Leverage
1:1000
Pros
- $5 minimum deposit makes it very accessible
- Extensive free educational resources
- Multi-regulated with strong track record
- Negative balance protection
- No deposit or withdrawal fees
- Excellent customer support in 30+ languages
Cons
- Spreads higher than ECN competitors
- Limited platform selection (MT4/MT5 only)
- No cTrader or TradingView integration
- Inactivity fee after 90 days
| Account | Min Deposit | Spread | Commission |
|---|---|---|---|
| Micro | $5 | 1.0 pips | $0 |
| Standard | $5 | 1.0 pips | $0 |
| XM Ultra Low | $50 | 0.6 pips | $0 |
| Shares | $10,000 | Variable | From $1 |
| Regulatory Body | License Number |
|---|---|
| CySEC | License 120/10 |
| ASIC | License 443670 |
| IFSC | License 60/354/TS/19 |
Trading Platforms
Available Instruments
Compiled from regulatory filings, broker-published documentation, and our editorial criteria (regulation, spreads, platforms, fees). AlphaScala may earn affiliate commission if you open an account with XM through links on this page — this does not affect the rating.
Rating Breakdown
Quick Facts
Deposit Methods
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