XM
Market MakerXM is one of the most popular brokers globally with over 10 million clients, offering a $5 minimum deposit, extensive education resources, and a $30 no-deposit bonus.
Trading Forex and CFDs involves a significant risk of loss.
Our Rating Breakdown
Scores based on independent research and live account testing.
XM Full Review
XM was founded in 2009 and now serves over 10 million clients across 190+ countries, making it one of the largest retail forex brokers in the world. The broker is known for its aggressive promotional offers, extensive educational content, and very low minimum deposit requirements.
Account Types
XM offers four account types: Micro, Standard, XM Zero, and Ultra Low. The Micro and Standard accounts are market maker accounts with no commission, while the XM Zero account provides raw spreads with a commission of $3.50 per side.
Education and Research
XM's educational offering is exceptional — with free webinars in multiple languages, video tutorials, trading signals, a comprehensive forex calculator, and an economic calendar. This makes XM an ideal choice for beginners learning to trade.
No-Deposit Bonus
XM offers a $30 no-deposit bonus to new traders, allowing them to experience live trading without risking their own capital. The bonus comes with specific trading volume requirements before profits can be withdrawn.
Customer Service
XM provides 24/5 customer support in 30+ languages via live chat, email, and phone — one of the broadest language supports in the industry.
Verdict
XM is best suited for beginner traders who value education, low minimum deposits, and promotional bonuses. Experienced traders requiring tighter spreads may prefer ECN brokers like IC Markets or Pepperstone.
Pros
- Very low minimum deposit ($5)
- No requotes and no rejection of orders
- Extensive educational content and webinars
- $30 no-deposit bonus for new traders
- Over 1,000 instruments
Cons
- Spreads are wider than ECN brokers
- Swap rates can be high
- Bonus comes with trading volume requirements
Broker Details
- Headquarters
- Limassol, Cyprus
- Founded
- 2009
- Type
- Market Maker
- Min Deposit
- $5
- Max Leverage
- 1:888
Regulation
Platforms
- MetaTrader 4
- MetaTrader 5
- XM WebTrader