XM Review 2025

XM review
XM Awards

XM have won numerious industry awards over the 16 years they have been operating as a financial broker. We have listed the most notable awards and mentions for XM below.

• Outstanding Customer Service Global - Capital Finance International Magazine (CFI) - 2024
• Outstanding Global Forex Broker - Capital Finance International Magazine (CFI) - 2024
• Best FX Service Provider - COLWMA - 2024
• Global 2023 - CFI - 2023
• Global 2023 - CFI - 2023
• Best CFD Provider - City of London Wealth Management Awards - 2023
• Global 2023 - CFI - 2023
• Middle East - World Finance Forex Awards - 2023
• Latin America - World Finance Forex Awards - 2023
• Australasia - World Finance Forex Awards - 2023
• Europe - World Finance Forex Awards - 2023
• Best FX Customer Service - World Finance Forex Awards - 2023
• The Best Mobile App - Financial Expo Egypt - 2022
• Best Forex Trading Platform 2022 - Online Money Awards - 2022
• Best CFDs Broker in MENA Region - Forex Expo Dubai - 2022
• Best FX Broker Latin America - World Finance Forex Awards - 2022
• Best FX Broker Australasia - World Finance Forex Awards - 2022
• Best FX Broker Europe - World Finance Forex Awards - 2022
• Most Reliable Broker - CFI - 2022
• Global Forex Broker of the Year - Global Forex Awards 2022 – Retail - 2022
• Best Swap Free Account in MENA Region - Forex Expo Dubai - 2022
• Best FX Broker Middle East - World Finance Forex Awards - 2022
• Most Transparent Broker - CFI - 2022
• Top 10 Popular Brokers 2022 - FOLLOWME Trading Community - 2022
• The Best Crypto CFDs - Financial Expo Egypt - 2022
• Best FX Service Provider - City of London Wealth Management Awards - 2022
• Best Forex Trading Support - Global Forex Awards 2022 – Retail - 2022
• Best Customer Support - CFI - 2022
• Most Reliable Broker - CFI - 2021
• Best Retail Forex Broker - Global Forex Awards 2021 — B2B - 2021
• Top 10 Popular Broker - FOLLOWME - 2021
• Best FX Broker for Australasia - World Finance - 2021
• Global Forex Broker of the Year - Global Forex Awards 2021 — Retail - 2021
• Most Trusted Forex Broker — Global - Global Forex Awards 2021 — Retail - 2021
• Best FX Broker for Europe - World Finance - 2021
• Most Transparent Broker - CFI - 2021
• Most Popular Broker 2021 - FOLLOWME Trading Community - 2021
• Best FX Educational Broker in the MENA region - Dubai Expo Awards - 2021
• Best Trading Experience - Ultimate Fintech - 2021
• Best FX Service Provider - City of London Wealth Management Awards - 2021
• Best Affiliate Program - Smart Vision Investment Expo Egypt - 2021

XM review
XM Fees Explained

• XM doesn't charge withdrawal fees.
• XM does charge a fee for inactive accounts.
• XM doesn't charge deposit fees. A currency conversion fee may be applied as withdrawals and deposits from XM are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.

XM Costs To Check

Modern brokers like XM provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, XM may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall XM trading profitability.

How XM Fees Compare Against Other Brokers

Broker	XM	IC Markets	Roboforex	eToro
Min Deposit	5	200	10	50
Withdrawal Fees	No	No	No	Yes
Inactivity Fees	Yes	No	No	Yes
Deposit Fees	No	No	No	No
CFD Commission Fees	No	Yes	No	Yes

XM Minimum Deposit

XM requires a minimum deposit of 5 GBP/USD/EUR when opening an XM trading account.

A minimum deposit is the minimum amount of money required by XM to open a new online brokerage account with them.

Don't be scared off by brokers like XM charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like XM, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

XM Withdrawal Fees

XM doesn't charge withdrawal fees.

XM Withdrawal rules may vary across different brokers when it comes to transferring funds from your XM or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with XM may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the XM withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from XM. Researching and comparing XM withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing XM funds frequently or dealing with large sums of money. Awareness of these XM fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your XM funds.

XM Group accepts Multiple Local Payment Methods, including Credit / Debit Cards, Skrill, Bank Wire Transfers, etc.

XM Inactivity Fees

XM does charge a fee for inactive accounts. The XM Inactivity Fee is imposed after 90 days of inactivity.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by XM terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all XM fees and services. It's recommended that you check the XM website before signing up. If you decide to close your XM account, it's important to do so with the XM broker customer support and obtain confirmation that no remaining XM fees are due.

Brokers like XM must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

XM Deposit Fees

XM does not charge deposit fees. Although bank / 3rd party merchant fees may apply.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

XM Commission Fees

XM does not charge commission on CFD instruments.

Brokerage firms like XM may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the XM trading account level held by the trader.

XM may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing XM terms and conditions to understand the commission fees and any other charges that may apply is essential.

XM review
Trading on XM web platforms and other applications

XM provides traders with a modern custom platform that can be accessed through a browser-based web application. If you would rather see a MT4 brokers, or MT5 brokers you can do so here.

XM is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here.

A XM iOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device.

XM also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

Is the XM Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the XM trading platform to protect you on PC and mobile XM platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using XM web trading platforms.

XM Trading Platform Options

After logging into your XM account, you'll find a range of trading platform options available below.

• MetaTrader 5 (MT5)

Please note that XM does not support the popular MetaTrader 4 (MT4) trading platform. However, if you're looking for a broker offering MT4, you can explore other options available through various online platforms here.

XM does not support the cTrader trading platform. However, if you're looking for a broker that does offer cTrader, you can explore other options available through the provided link.

Let's explore each of these trading platforms in detail and what options XM gives you.

XM & MetaTrader 5 AutoChartist

Autochartist on the XM platform is a powerful tool designed to help traders find trading opportunities quickly and easily.

Available for XM MetaTrader 4 and MetaTrader 5 Autochartist can scan the market using an expert advisor script.

With Autochartist, XM traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs. Using Autochartist can save XM users time and makes the trading process more efficient.

The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. XM traders can navigate the platform and find the information they need to make informed trading decisions.

XM Autochartist is a valuable tool for traders who want to stay ahead of the curve and identify trading opportunities quickly and easily. With its powerful features and easy-to-use interface, Autochartist is an essential tool for XM traders of all experience levels.

XM review
XM MetaTrader 5 (MT5)

XM MetaTrader 5 (MT5) In Detail

XM MetaTrader 5 (MT5) is a multi-asset trading platform with an extensive range of trading features and financial research tools. Besides the ability to trade Forex and CFDs, XM MT5 offers access to trade Futures, Stocks, Algorithmic Trading, ETFs, and Indices. MT5 was launched in 2010 and came with advanced charting tools, additional timeframes, and an updated version of MetaTrader 4.

MT5 on XM provides the convenience of using automated trading systems and copy trading, giving XM traders competitive research tools in the financial markets.

You can learn more about the MT5 Platform here. You can also learn more about the differences between MT5 and MT4 here.

Trade XM MetaTrader 5 WebTrader

Access your XM MetaTrader 5 accounts from any web browser. MT5 on XM features a massive range of tools like additional timeframes and the most up-to-date technical indicators to give you all the trading resources you need to trade on and analyze the financial markets.

XM review
XM MT5 Buying and Selling

XM MetaTrader 5 on iOS Devices

XM MetaTrader 5 Can Operate on newer iOS devices like the iPhone and iPad. MetaTrader 5 requires a mobile internet connection or a connection to Wi-Fi. You should upgrade the iOS MetaTrader 5 app regularly. New versions provide improved functionality and increased stability. XM MetaTrader 5 allows traders to look at market statistics of financial instruments traded in the market execution mode.

XM MetaTrader 5 on Android Devices

The XM MetaTrader 5 trading platform is available on Android smartphones or tablets powered by the Android 5.0 or higher operating system. Additionally, to connect to the XM trading server. Take the time to understand all of the XM Android MetaTrader 5 features. With XM MetaTrader 5 for Android, you can trade various financial instruments anytime, anywhere.

XM Metatrader Mobile Application Features

MetaQuotes, the developers of Metatrader, have listened to the feedback of their millions of users and have built what has become one of the most popular mobile trading platforms in the world. MetaTrader features include :

• XM Financial instrument quotes
• View in-depth price charts of financial instruments with XM MetaTrader
• Manage trades and open positions on XM MT4 & MT5
• View your XM trading history
• View market news
• MetaTrader internal messaging on XM
• View and research market statics of XM financial instruments
• XM Position opening and closing
• Lookup symbols in the XM MetaTrader quotes section
• Display of deals on XM graphs
• XM Timeframe selection for graphs and charts
• Additional vertical scaling of XM graphs
• Capability to transfer XM accounts to other devices using QR codes
• Information is available only if it's supplied by XM
• Access the OTP generator through FaceID or fingerprint with XM

XM MetaTrader 5 Advanced Trading Tools

XM MetaTrader 5 has many advanced trading tools for more advanced users. Understanding these tools can give you a competitive edge.

• XM MT5 Depth of market bids and asks
• Financial Price Data on XM
• Margin Calculation, Futures, Forex on XM
• Advanced Techincal Analysis on XM MT5
• One click trading on XM MT5
• XM Spreads
• XM Futures
• XM Trading Reports

XM Trading benefits

• XM Allows scalping
• XM Allows hedging
• XM Low min deposit
• XM Offers Negative Balance Protection

XM Trading Accounts Offered

Below we give an overview of the account types that XM offer. Whatever you are looking to trade, the varying XM account types will be able to provide you with what you need.

• XM Demo account
• Micro account
• XM Standard account
• XM Islamic account

Can I try XM?

XM provides a demo account that enables individuals to explore trading before investing their funds. By creating a XM practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the XM demo account can help individuals to make informed decisions before investing their money.

Open a demo XM account to practice and trade.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

XM withdrawal and funding methods

It's essential to remember that the payment methods provided by XM vary based on the XM entity and the XM client's country of residence. To view the XM payment options available, you can log into your XM member's area.

XM offers various funding payment methods listed in your XM dashboard if available in your region. To learn more about the XM funding and withdrawal options available in your area, you can explore the XM website.

XM Payment Methods

Broker	XM	IC Markets	Roboforex	eToro
Bank transfer	Yes	Yes	Yes	Yes
Credit Cards	Yes	Yes	No	Yes
Paypal	No	Yes	No	Yes
Skrill	Yes	Yes	Yes	Yes
Payoneer	Yes	No	No	No
Neteller	Yes	Yes	Yes	Yes

*please note available XM and other broker payment methods depend on the clients country of residence.

How can I start trading with XM?

To open a trading account with XM, individuals can sign up on the XM website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for XM account validation and making a deposit. Once completed, XM users can download the trading platform of their choice.

It's important to note that XM requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps XM maintain a trustworthy financial environment for its 10,000,000 users. Detailed information on the XM trading platforms is available on their website.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Performing trades with XM

When using XM, the minimum trade size is typically 0.01 Lot units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. XM have a max trade of 50 Lot.

XM, as a market maker, may have more lenient entry requirements than ECN brokers, who typically benefit from higher trading volumes and may have larger capital and minimum trade requirements. Market makers usually offer a lower minimum deposit and smaller minimum trade requirements and do not charge commissions on trades. Market makers like XM can be useful for traders starting or with limited capital.

One of the XM platforms notable features is its claim of having no requotes, which means traders need not be concerned about slippage when executing trades (i.e., trades being executed at a price different from the intended price). No requotes can provide XM traders with greater confidence and peace of mind when trading on the XM platform. It's worth noting, however, that other factors, such as market volatility and liquidity, can still affect the execution of XM trades.

Like other brokers, XM margin requirements can differ depending on the traded instrument.

XM offers traders several risk management tools and features, such as Technical analysis, Fundamental analysis, Diversification of portfolio, Negative Balance Protection, Stop losses (with trailing stop loss orders), Position sizing techniques, Price alerts, Position sizing techniques, Limit orders, Hedging strategies, amonst others. You can learn more about XM, and see all of the XM account features on the official XM website.

CFD Trading on XM

We will show you an example of the basics of using XM leverage.

CFD trading on XM allows traders to speculate on the price movements of various financial instruments against the broker XM, without actually owning real assets. With CFDs, XM traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.

XM provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.

The effect of leverage on profits and losses magnifies them in both directions. In other words, XM leverage profits and losses are magnified when trading. For instance, using CFDs, you use the XM trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.

On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, XM leverage magnifies both profits and losses in trading.

Trading CFD trades on the XM platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.

Experienced XM traders can trade high risk CFD trades to hedge items in their portfolio.

Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Limiting Your Risk When Trading with XM Negative Balance Protection

Negative balance protection is important for traders using leverage on platforms like XM. In an unfavourable market move, leverage can result in a loss that exceeds the trader's account balance, leaving them with a negative account balance. If a XM trading position does not go in your favour, this is where negative balance protection comes in handy.

Brokers regulated by the Financial Conduct Authority (FCA) must offer negative balance protection as a standard feature. With negative balance protection, XM trading losses are always limited to the current balance of funds in the trader's account.

Even if an XM trader experiences a significant loss, they will never owe more money than what is available in their XM account balance.

It's important for XM traders to understand the potential risks of trading with leverage and to take advantage of features like negative balance protection to mitigate those risks. By doing so, traders can trade with peace of mind, knowing that XM losses are limited to the funds available in your XM account when negative balance protection is in place.

Limit Risk When Trading with XM Stop Loss, XM Stop Limit Orders

Stop-loss orders are a popular risk management tool traders use on platforms such as XM . By setting a specific price point for buying or selling a security, traders can limit their potential losses on a position.

Stop-loss orders are especially important for XM traders not hedging their positions or using leverage, as they can be more vulnerable to significant losses. However, the circumstances in which an XM trader should use a stop-loss order can vary depending on the specific trade and market conditions.

Overall, stop-loss orders can provide XM traders with an effective way to manage risk and protect their investments in volatile markets. Stop Loss and Take Profit are not guaranteed with XM, you must actively monitor your live trading portfolio and financial exposure on XM.

Education Resources at XM

XM offer educational resources which include Podcasts, Live Trading Education, Educational Videos, Webinars, Video Tutorials. Please bear in mind that these resources provided by XM do not guarantee any results when trading. When we checked on the XM website, these educational resources were not available in every language. Also some financial instruments mentioned in any XM educational resources may not be available in your region.

To trade effectively with XM, it's important to have a good understanding of the XM trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with XM and externally.

XM . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with XM. Familiarizing yourself with the XM trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using XM. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with XM involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like XM, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with XM. Explore the XM platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with XM, before live trading.

Customer Support at XM

As part of our XM review, we review customer service options, response times and problem resolution effectiveness on the XM trading platform. The XM trading platform supports multiple languages, which includes Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish.

XM Available Support Types

XM has a triple AAA grade support and customer service rating because they offer various range of languages, live chat, and email support.

XM customer service supports multiple languages from all over the world. Having a broker that can hire people from various locations worldwide who can better communicate with you in your local language is a huge advantage when dealing with issues.

Your customer service experience with XM has to be positive for you to effectively trade the financial markets on the XM platform. XM should answer all of your questions and your XM platform issues are solved. When an XM customer has any queries regarding XM, the XM customer support team should take these issues seriously and offer a quick and effective solution. XM has a great client support team, so we have rated their customer service highly.

Livechat Support at XM

We experienced fast and responsive support from XM

At XM, customer support is a top priority. We put their live chat to the test, reaching out through both their app and website. We were pleasantly surprised to receive a response within three minutes. Don't take our word for it. Test the chat service yourself. A responsive chat service from XM should be a positive support experience for all XM users, saving you from waiting days for an email response.

We also tested communicating with XM support in various languages and countries. The XM help centre quickly resolved our customer issues.

Email Support at XM

As part of our review process, we wanted to test the email support offered by XM. We sent 25 emails at different times and were impressed with the response times. We received the fastest response in less than 2 minutes, and the slowest response was 3 hours. While your experience may vary, our testing shows XM has excellent email support overall.

The support team quickly and efficiently resolved all of our queries. Overall, we were very satisfied with the email support provided by XM. If you're looking for a broker with reliable email support, XM is worth considering.

Phone Support at XM

Our experience with XM phone support was positive. When we called, the team answered our call promptly, in less than a minute.

During the call, we tested the multilingual XM team by speaking in different languages, and they made an effort to answer our queries in each language.

The phone support team successfully resolved our questions and issues over the phone. Overall, we found the phone support from XM good.

See how XM Support Compares Against Other Brokers

Broker	XM	IC Markets	Roboforex	eToro
Support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support
Languages	Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish	English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more	English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian	English, German, Spanish, French, Italian
Learn More	Visit XM	Visit IC Markets	Visit Roboforex	Visit eToro
Risk Warning	CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.	Losses can exceed deposits	Losses can exceed deposits	61% of retail investor accounts lose money when trading CFDs with this provider.

What you will need to open an account with XM

As XM is regulated by Financial Services Commission (FSC) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd .

As a new client of XM, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with XM in your region. During the XM account opening process, you will be asked to provide XM with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with XM have the following documents available.

• XM require a scanned colour copy of your passport, driver's license or national ID card.
• A recent utility bill or bank statement that confirms your residential address for XM compliance. This must be dated within the last six months.
• If you plan to fund your XM account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the XM platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under XM Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring XM's platform.

However, remember that you won't be able to make trades on XM until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the XM KYC compliance process as soon as possible to avoid any delays in accessing the XM platform's features.

It is important to note that XM may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the XM platform and features immediately. However, you must pass the verification process to start live trading with XM, which can take up to a few business days.

To start the process of opening an account with XM you can visit the XM trading platform here.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from https://www.xm.com on June 16, 2025.

Watch this XM Explainer Video

XM review written by Andrew Blumer and Mark Hansen