No. XM Group has 5 licenses from some of the world's top financial institutions, 11 years of experience in the market, and dozens of industry awards. This shows that XM Group is a reliable broker that is committed to offering an honest trading experience.

Accepts traders from

Points

Overall

Points

Commissions & Fees

Points

Licensing & Safety

Points

Platforms & Tools

Each broker we review is judged on the same 10 key areas. We include different instruments and holding positions overnight. We check not only the licenses the broker claims to have for different countries, but whether these licenses are up to date too. We look for specific features such as customizability and trading signals.

1,388Number of instruments

Open Account

100,000+ Traders

Regulated by

FCA

CySec

ASIC

IFSC

Overview
Fees and commissions
Safety
Opening an account
Account types
Trading Platforms
Markets and products
Research tools
Education and training
Customer support
Our verdict

XM Group review

Q: What XM Group account types are there?

During our review of XM Group , we found there are five account types available. These are XM Micro, XM Standard, XM Ultra Low (non-EU Only), and XM Zero (EU only). Non-EU clients can also open an XM Global Shares account, and all traders can enjoy demo accounts.

Q: Does XM Group offer a bonus?

Yes, several of them in fact. XM has both a deposit bonus and a no deposit bonus. The deposit bonus can be up to $5,000 and is proportional to how much you deposit. The no deposit bonus is a $30 gift from XM Group which can be picked up when you register with the broker. Do note that bonuses are not available for EU clients due to regulations.

Q: Is XM Group regulated?

Yes, XM Group is regulated by 5 of the most trustworthy financial regulators in the world; the FCA, ASIC, IFSC, CySEC, and DFSA. Each arm of the broker is regulated under a different trading name but don’t worry, XM Group does own all of these licenses. Compared to other brokers , XM is one of the most secure.

Q: What is the minimum deposit at XM Group?

XM Group has 5 minimum deposit limits, depending on which account type you select. You can open a Micro or Standard account with the broker for as little as $5, whilst $50 is the minimum deposit for the Ultra Low Account and $100 is needed to open a Zero Account. There is also a minimum deposit of $10,000 required to open a Shares Account.

28 October 2020 - Kate Leaman

With multiple licenses from top-tier regulatory bodies, our XM Group review reveals a respected and reliable broker with over a decade of experience. Launched in 2009, XM Group is a great choice for all types of traders as it offers a wide range of instruments, extensive research tools, and five different account types. XM Group has also won multiple awards, including ‘Best FX Broker for Europe 2020’.

1,200+ available instruments
Free educational materials
Licensed by FCA
Best broker for forex trading beginners
Only supports MT4 and MT5

XM Group overall scores

In this review, you can find all the information you need to decide whether XM Group is the right broker for you. Our expert team has thoroughly explored the broker, using a tested methodology and scoring system. This process places importance on the things we know matter most to traders. Below you can see how XM Group scored in each of our high-priority categories.

Commissions & Fees

93 Points

Payments

95 Points

Licensing & Safety

99 Points

Customer Service

80 Points

Trading Platforms & Tools

89 Points

Education

98 Points