XM Broker Review

XM broker is part of the financial company XM Group. Since its inception, XM broker has quickly gained the attention of traders around the world, thanks to various advantages such as low spreads, fast service, and various other types of attractive offers.

Starting at the end of 2011, the XM broker also received a warm response from countries in Southeast Asia (Malaysia, Singapore, including Indonesia). To date, more than 1 million traders from all over the world have used XM broker services.

Currently, XM broker provides services in more than 20 languages, including Indonesian. This is in line with its dedication to providing convenience for clients, including customer support which is ready 24 hours every Monday to Friday. Another specialty of the XM broker is the availability of fee-free deposit and withdrawal options.

What's interesting about the XM broker is its complete research and educational content. XM provides daily news, market condition research, forex seminars, and live education provided by 20 multilingual professionals. There are also weekly Indonesian language webinars that are suitable for beginner traders to participate in.

Almost every day there are webinars that traders can follow. The material is about fundamental and technical basics, understanding trading indicators, how to determine entries and exits, weekly market analysis, and many others. The webinar schedule is posted on the official XM website, complete with presenters, what time it will be held, and the expected learning outcomes.

Apart from forex, XM provides other trading instruments such as CFDs on shares, commodities, indices, precious metals, energy, and global shares. In order to maximize client comfort, XM has also provided various versions of the Meta Trader 4 and Meta Trader 5 trading platforms.

 

 

 

XM Benefits

• Welcome Bonus 15% Up to USD 500
  Every XM trader who makes the first deposit will get a Welcome Bonus of 15% up to 500 US Dollars or the equivalent of the applicable exchange rate. Bonus credits are awarded instantly and automatically, and are available for all accounts except Zero XM.
  
  
  
• XM Loyalty Program
  All clients with real accounts will get Loyalty status at the Executive level and will be automatically upgraded after a certain period of trading activity. The more XM Points a trader has, the more credit bonuses can be exchanged.
  
  
  
• Free VPS Service
  For traders with a minimum equity credit amount of 5,000 US Dollars, a free VPS service is available which can be activated via the Member Area. Traders who do not meet the above criteria can also apply for VPS services at a cost of 28 US Dollars per month.
  
  
  
• Free Deposit and Withdrawal Fees
  XM broker waives Deposit and Withdrawal fees for Neteller, Moneybookers, and various credit cards (including VISA, VISA Electron, MasterCard, Maestro, and China UnionPay). In addition, all transactions above 200 US Dollars processed by Wire Transfer are also included in the fee-free policy.

 

 

XM Advantages

• XM broker also offers various deposit and withdrawal methods for its clients. So traders are freer to choose the easiest deposit and withdrawal method according to their respective conditions.
• One of the conveniences that XM promotes is zero fees. For deposits and withdrawals, the XM broker will cover the fee if the transaction is made with a Credit Card or E-Payment.
• If payment via Credit Card or E-Payment takes too long, then another alternative that is more effective and efficient is deposits and withdrawals via local exchangers. By using a local exchanger service, you can make deposits and withdrawals directly at local banks that are easy to find anywhere (BCA/Mandiri) by following rates that are clear and do not change.
• One of the XM broker's strategies for attracting new clients is with various tempting bonus offers. The bonus offers given can vary, from deposit bonuses to loyalty-based bonuses.
• XM registration is relatively easy. You can register by filling out the online form on the XM site and the process will be completed in just a few minutes. After that, because the XM broker is a regulated broker, you will be asked to upload your personal data (KTP) and billing for the verification process.

 

XM Achievements

The reliable performance of the XM broker in the world of forex trading is demonstrated by the series of awards it has received so far. These awards are given by various online media in the forex sector, including World Finance Magazine, Shares Magazine, Capital Finance International Magazine, City Of London Wealth Management Awards, FX168, and so on.

• Best Customer Experience Broker 2024 – Finance Magnates (LATAM & Global)
• Outstanding Customer Service, Global 2024 – CFI.co
• Best FX Service Provider 2024 – COLWMA
• Most Transparent & Reliable Broker 2023 – CFI.co

 

XM Regulation

XM is part of Trading Point Holdings Ltd and runs several entities, each licensed and regulated by well-known financial authorities. By operating across multiple jurisdictions, XM makes sure traders get strong regulatory protection and a steady commitment to fair, transparent trading practices wherever they are.

Brand	Regulatory entity	Country	License registration number
XM Global Limited	Financial Services Commission (FSC)	Belize	000261/27
Trading Point of Financial Instruments Ltd	Cyprus Securities and Exchange Commission (CySEC)	Cyprus	120/10
XM ZA (Pty) Ltd	Financial Sector Conduct Authority (FSCA) in South Africa	South Africa	49976
Trading Point MENA Limited	Dubai Financial Services Authority (DFSA)	Dubai	F003484
XM International MU Limited	Financial Services Commission (FSC)	Mauritius	GB23202700
XM (SC) Limited	Financial Services Authority (FSA)	Seychelles	SD190

 

XM Trading Account

XM’s account types are designed to meet the needs of traders at all levels, from beginners to experienced professionals.

1. Micro Account

• Designed for: Beginners or traders who want smaller exposure per trade.
• Lot size: 1 Micro Lot = 1,000 units
• Minimum deposit: $5
• Maximum leverage: Up to 1000:1 (depending on regulation)
• Spreads: From 1.6 pips
• Trading platforms: MT4 and MT5
• Available instruments: Forex, commodities, indices, and more
• Bonus eligibility: Yes

The Micro Account allows trading in real market conditions with lower risk. It’s a practical option for those who want to gain experience, test new strategies, or apply precise risk management with smaller trades.

2. Standard Account

• Designed for: Traders who prefer standard lot sizes and full access to bonuses.
• Lot size: 1 Standard Lot = 100,000 units
• Minimum deposit: $5
• Maximum leverage: Up to 1000:1 (depending on regulation)
• Spreads: From 1.6 pips
• Commission: None
• Bonus eligibility: Yes

This account type provides a balanced trading environment, combining zero commissions with full access to bonuses. It suits most traders, especially those scaling up from smaller positions or refining their trading strategies.

3. Ultra-Low Account

• Designed for: Traders who prioritize tight spreads and low trading costs.
• Available in two formats: Standard Ultra & Micro Ultra
• Spreads: As low as 0.8 pips (depending on instrument and market conditions)
• Commission: None
• Minimum deposit: $5
• Maximum leverage: Up to 1000:1
• Bonus eligibility: No

The Ultra-Low Account is built for cost efficiency, making it highly suitable for high-frequency traders.

 

XM Platform Trading

A broker is only as effective as the platforms it offers, and XM delivers a well-rounded, integrated suite that balances professional-grade tools with ease of use across all devices, whether you’re trading from a desktop or your mobile device.  

• MetaTrader4 and MetaTrader 5: XM supports both MetaTrader 4 and MetaTrader 5 — the world’s most popular trading platforms. MT4 remains a favourite for its simplicity, speed, and stability, while MT5 offers enhanced features for traders seeking greater versatility and depth. 
• XM’s App: All-in-One Mobile Trading: XM’s highly-rated and award-winning mobile app is designed for modern, on-the-go trading. It brings together essential features from MT4/MT5 along with full account management, all within a user-friendly interface. 

Trading Instruments

XM provides access to 1,400+ instruments across 7 asset classes, all tradable through a single account.

• Forex: 55+ currency pairs (majors, minors, exotics), tight spreads from 0.8 pips, leverage up to 1000:1, 24/5 trading
• Stock CFDs: 1,200+ global stocks (Apple, Tesla, Amazon, etc.), trade price movements without owning shares
• Equity Indices: Major US, European, and Asian indices, with both cash and futures contracts
• Commodities: Precious metals (Gold, Silver, Platinum), energy (Oil, Gas), agricultural (Coffee, Cocoa, Corn)
• Cryptocurrencies (selected entities): 60+ assets including BTC, ETH, XRP, LTC, BCH, 24/7 trading, no wallet needed
• Precious Metals & Energies: Gold, Silver, Platinum, Palladium, Oil, and Gas with competitive spreads
• Turbo Stocks: Trade top brands with leverage, intraday focus, available on MT5 (Standard Accounts)
• Thematic Indices: Sector-based trading (tech, healthcare, blockchain), available on MT5 (Standard & Ultra Low Accounts)

Education and Research

XM offers multilingual resources for traders at all levels, blending theory with practical, real-time learning

• XM Live Education: Unique live format with daily commentary, trade ideas, Q&A, and technical/fundamental updates
• Live Education Rooms: Beginner to advanced sessions with pro traders covering market structure, strategies, psychology, and live chart analysis
• On-Demand Videos (Tradepedia): Tutorials, advanced strategies, platform guides, and trading tool lessons — free and constantly updated
• Webinars: 7 days a week in 20+ languages, covering beginner to advanced topics in a structured learning series
• Research Tools: Economic calendar, market sentiment, daily technical setups, weekly forecasts, and macroeconomic articles
• XM Podcast: Market recaps, trading themes, psychology, and macro shifts for learning on the go
• Platform Tutorials: Step-by-step guides and videos for MT4/MT5 setup, order placement, indicators, and EAs
• Multilingual Access: Content localized in 30+ languages, making education inclusive worldwide

Deposit and Withdrawal

XM ensures fast, secure, and fee-free funding with a wide range of global and local payment methods

• Payment Options: Credit/debit cards (Visa, MasterCard), bank wire, e-wallets (Neteller, Skrill, SticPay), and local gateways (Asia, LATAM, Africa, MENA)
• Instant Deposits: Most methods are processed instantly, so funds appear within seconds, enabling immediate trading
• Fast Withdrawals: Processed within 24 hours; e-wallets are often completed in hours. Withdrawals use the same method to meet AML rules
• No Fees: XM charges no deposit/withdrawal fees and covers most provider costs (except possible fees on small wire transfers < $200)
• Local Support: Region-specific solutions like instant bank transfer (Asia), local currency deposits (LATAM), mobile money (Africa), and Arabic banking (MENA)
• Member Dashboard: Central hub to deposit, withdraw, track transactions, and manage payment methods

Customer Support

XM provides 24/7 multilingual support across more than 30 languages, including English, Spanish, Arabic, Thai, Malay, Hindi, Vietnamese, Russian, and Chinese. Unlike brokers that outsource, XM uses trained in-house teams familiar with its platforms and global clients.

• Live Chat (website, app, Members Area)
• Email (ticket tracking)
• Phone (regional)
• Help Center & FAQs