August 2026 Verified Payouts Tracked: $54.8M+ across 18 Prop Firms
XM

XM

🇨🇾Global Multi-Asset Broker

A globally recognized broker offering diverse trading instruments, competitive spreads, and robust multi-platform support.

4.7 / 5.0450 Verified ReviewsEst. 2009Limassol, Cyprus
Open Live Account
EUR/USD Spread0 pips
GBP/USD Spread0.2 pips
Commission$3.50 / side ($7.00 round turn) on XM Zero
Max Leverage1:1000 (Global) | 1:30 (Retail EU/AU)
Min Deposit$5

Live Measured Spreads & Trading Costs (8 Assets)

Real-time measured spreads on Raw ECN vs Standard account types for XM.

Test Live Spreads on Demo
Asset / SymbolCategoryRaw ECN SpreadStandard SpreadCommissionExecution
EUR/USDMajor Forex0.0 pips0.8 pips$3.50 / sidePure ECN DMA
GBP/USDMajor Forex0.2 pips1.0 pips$3.50 / sidePure ECN DMA
USD/JPYMajor Forex0.1 pips0.9 pips$3.50 / sidePure ECN DMA
AUD/USDMajor Forex0.2 pips1.1 pips$3.50 / sidePure ECN DMA
XAU/USD (Gold)Precious Metal1.2 pips2.4 pips$3.50 / sidePure ECN DMA
US30 / Dow JonesGlobal Index1.5 pts2.5 pts$0 (Zero)Pure ECN DMA
BTC/USD (Crypto)Crypto CFD$15.00$28.00$0 (Zero)Pure ECN DMA
US OIL / CrudeCommodities1.8 pips3.0 pips$0 (Zero)Pure ECN DMA

Trading Account Models Breakdown

Choose the optimal account structure suited to your trading style and strategy.

Recommended for Scalpers0.0 Pips

Raw Spread (ECN)

Direct institutional liquidity with zero markup on bid/ask quotes.

Commission:$3.50 / side ($7.00 round turn) on XM Zero
Min Deposit:$5
Platforms:MT4, MT5, cTrader
All-Inclusive Pricing0.8 Pips

Standard (STP)

Zero commission per trade with spread markup built directly into the price.

Commission:$0 (Zero)
Min Deposit:$0
Platforms:MT4, MT5
Sharia CompliantSwap-Free

Islamic Account

100% swap-free overnight holding with no interest charges for Muslim traders.

Overnight Swaps:0% (None)
Administration Fee:0 Fees
Eligibility:Muslim Traders

About XM & Server Infrastructure

XM is a well-established global online broker offering a wide array of trading instruments including Forex, CFDs on indices, commodities, shares, metals, and cryptocurrencies. Known for its competitive pricing, XM provides spreads from 0.0 pips on its XM Zero account and ensures ultra-fast execution with servers co-located in Equinix NY4. Client funds are held in segregated accounts with Tier-1 banks, ensuring a high level of security and transparency.

Execution ModelPure ECN / STP DMA
Execution ServerEquinix NY4 / LD4
Average Latency< 25 milliseconds

Supported Ecosystem

Platforms:
MetaTrader 4MetaTrader 5XM WebTraderMobile Apps
Tradeable Markets:
Forex (55+ pairs)IndicesCommoditiesCryptoShares CFDsMetalsEnergies
Deposit & Withdrawal Methods:
Bank WireVisaMastercardSkrillNetellerLocal Payment Methods

Regulation & Safety Standards

Regulatory Authorities: CySEC (Cyprus), ASIC (Australia), FSC (Belize), DFSA (Dubai), FSA (Seychelles)
Segregated Client AccountsTier-1 Australian & UK Banks
Negative Balance ProtectionGuaranteed (100%)
Copy / Social TradingSupported
US Clients AcceptanceNot Accepted

Pros & Cons Analysis

Competitive spreads from 0.0 pips on XM Zero account
Extensive range of trading instruments
High maximum leverage options (outside regulated regions)
Robust MT4/MT5 platform support
Zero fees on most deposits and withdrawals.
Higher spreads on Standard accounts compared to XM Zero
Limited to MT4/MT5 (no cTrader or TradingView direct integration)
US clients are not accepted.

Frequently Asked Questions about XM

What are the typical EUR/USD spreads on XM?

XM offers raw spreads starting from 0 pips on ECN/Raw accounts with transparent commission pricing.

What is the minimum deposit required by XM?

The minimum deposit to start trading with XM is $5.

Is XM safe and regulated?

Yes, XM is authorized and regulated by tier-1 authorities: CySEC (Cyprus), ASIC (Australia), FSC (Belize), DFSA (Dubai), FSA (Seychelles), with client funds held in segregated tier-1 bank accounts.

What trading platforms does XM provide?

XM supports MetaTrader 4, MetaTrader 5, XM WebTrader, Mobile Apps.

Are scalping and automated Expert Advisors (EAs) allowed on XM?

Yes, XM permits all trading styles including high-frequency scalping, news trading, hedging, and automated EA bots with no restrictions.

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