Overview
XM is a broker belonging to the XM Group that offers trading in forex and CFDs on stocks, indices, commodities, and ETFs via MetaTrader 4, MetaTrader 5, and the XM App. Its entity, XM Global Limited, serves clients across the Arab region under a licence from the Financial Services Commission of Belize, providing an Islamic account, a demo account, and copy trading services.
XM: questions and answers
Is XM regulated?
Yes, XM is licensed by 1 regulators: FSC. Always check which entity you open your account with, as protection depends on the regulator.
What is the minimum deposit at XM?
The minimum deposit at XM is $5; it can vary by account type and payment method.
What is the maximum leverage at XM?
Leverage at XM goes up to 1:1,000, depending on the regulator, account type and instrument. High leverage magnifies both profits and losses.
Which trading platforms does XM offer?
XM offers trading on MetaTrader 4, MetaTrader 5, Mobile App, XM App.
What can I trade with XM?
XM lets you trade Forex, Stocks, Commodities and Gold, Indices, Exchange-Traded Funds (ETFs).
Does XM offer an Islamic account?
Yes, XM offers a swap-free Islamic account. Check its conditions, such as admin fees after a number of days.
Does XM have a demo account?
Yes, you can open a free demo account at XM to practise with virtual money before trading for real.
Does XM support copy trading?
Yes, XM lets you copy other traders. Remember that past performance does not guarantee future results.
Licences
| Regulator | Licence number | Last verified |
|---|---|---|
| FSC | 8557558 | — |
Available markets
Key facts
| Percentage of losing CFD accounts | 75.99% |
|---|
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