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.
XM is strongest for beginners and smaller-account traders who want simple account setup, a very low minimum deposit, and a large education stack. Its score is held back by higher trading costs than raw ECN specialists, but it remains one of the cleaner choices for traders who prioritize accessibility over ultra-low spreads.
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
| 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 |
EUR/USD sampled on XM Ultra Low account, London session, 30-day rolling window through 2026-05-12.
| Regulatory Body | License Number |
|---|---|
| CySEC | License 120/10 |
| ASIC | License 443670 |
| IFSC | License 60/354/TS/19 |
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.
AlphaScala broker reviews score regulation, trading costs, account types, platform coverage, instruments, deposits and withdrawals, support, and education. Broker pages without verified review data are kept out of the sitemap and marked noindex until they receive a complete editorial pass.
Full rubric, weighting, and data sources are documented on our Methodology page.
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