Why pick XM
XM is a globally recognized forex and CFD broker known for its low-cost trading, reliable execution, and user-friendly experience. It offers access to over 1,000 financial instruments, including forex, stock CFDs, real stock shares, indices, commodities, and cryptocurrencies, catering to both beginners and experienced traders.

XM
Best ForForex & CFDs
Recommended ForScalpers, High-Frequency Traders, Small Account Traders
More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.
Best ForForex & CFDs
Recommended ForScalpers, High-Frequency Traders, Small Account Traders
- Trader Level Beginner-Advanced
- Index CFD Fees Low
- Minimum Deposit $5
- Account Opening Speed 24 hours
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Web trading platform3.9
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Fees4.1
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Mobile App4.0
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Deposit and withdrawal 3.8
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Available assets2.8
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Account opening5.0
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Education and Research 5.0
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Support4.5
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Overall rating4.1
More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.
What sets it apart? A low $5 minimum deposit, commission-free standard accounts, and an enhanced MetaTrader 4 and 5 experience with custom tools. XM also stands out with strong educational content, market research, and fast, fee-free withdrawals. However, it lacks a proprietary platform, its product selection is limited, and forex spreads can be higher than some competitors.
Overall Pros & Cons
- Well-regulated and secure, holding licenses from multiple top-tier regulators
- Minimum deposit requirement is just $5
- Traders can use MetaTrader 4 and 5, both with enhanced tools and features
- Standard and Micro accounts are commission-free
- Offers strong research and education resources, including webinars and market analysis
- XM does not offer a proprietary trading platform, relying solely on MT4 and MT5
- The selection of tradable assets is limited to mostly CFDs
- Traders who remain inactive for 90 days are charged a $5 monthly fee
See how the best brokers in United Arab Emirates compare to XM
Broker Name | ||
---|---|---|
XM | ||
AvaTrade | ||
Pepperstone |
Fees
4.1/5
XM offers competitive fees with commission-free Standard and Micro accounts, while the Zero account features tighter spreads with a commission. Forex spreads start from 0.6 pips, but average around 1.6-1.7 pips on standard accounts. There are no deposit or withdrawal fees (with a small condition), but inactivity fees apply after 90 days. Overall, trading costs are reasonable but not the lowest in the industry.
- No deposit fees
- Competitive spreads, with the Zero account offering tight pricing
- Commission-free trading on Standard and Micro accounts
- Under $200 withdrawals incurs a $15 fee, Over is free
- Forex spreads on Standard and Micro accounts are higher than some competitors
- A $5 monthly inactivity fee applies after 90 days of no trading
- The Zero account requires a higher minimum deposit of $100
We compared XM fees with two comparable brokers, AvaTrade & Pepperstone. These competitors were chosen based on factors like available assets, target client base, and fee structures.
Very competitive FX fees
XM offers different pricing structures depending on the account type. The XM Zero account provides tighter spreads with a $3.50 commission per lot per trade, while Standard and Micro accounts have no commission but wider spreads. The EUR/USD spread on the XM Zero account starts as low as 0.1 pips.
Broker Name | ||
---|---|---|
XM | ||
AvaTrade | ||
Pepperstone |
XM applies fees through both spreads and commissions, depending on the account type:
- XM Zero Account: Tighter spreads with a commission of $3.50 per lot.
- Standard & Micro Accounts: Wider spreads, but commission-free.
Overall, CFD fees are low
XM includes its index CFD trading costs within the spread. The S&P 500 index CFD spread is 0.4, making it competitive against some brokers. Stock CFDs carry a commission of $0.02 per share with a minimum fee of $1.00.
Broker Name | ||
---|---|---|
ActivTrades | ||
AvaTrade | ||
Pepperstone |
Low Crypto CFD spreads
XM provides crypto CFDs, with BTC/USD spreads averaging 35-40 USD, making it competitive against some brokers. However, crypto spreads vary significantly, so checking live rates before trading is recommended.
Broker Name | ||
---|---|---|
XM | ||
AvaTrade | ||
Pepperstone |
XM provides crypto CFD trading with relatively low spreads, but it does not support actual cryptocurrency ownership.
Low non trading fees
XM has no deposit or withdrawal fees (with a small condition) for most payment methods. However, inactivity fees apply after 90 days of no trading.
Broker Name | ||
---|---|---|
XM | ||
AvaTrade | ||
Pepperstone |
XM offers free withdrawals, but traders should note that small withdrawals under $200 incur a $15 fee. The inactivity fee of $5 per month after 90 days is something to keep in mind as well.
XM safety: Regulation and investor protection for UAE traders
4.5/5
XM is a trusted forex and CFD broker, overseen by top-tier regulators like ASIC (Australia) and CySEC (Cyprus). UAE traders fall under DFSA regulation via Trading Point MENA Limited, ensuring compliance with local financial laws.
However, DFSA-regulated clients do not receive investor protection, unlike EU traders who are covered up to €20,000 under CySEC. XM does provide negative balance protection for all clients, reducing potential risks.
While not publicly listed and lacking financial disclosures, XM has a strong track record since 2009, making it a trusted choice in the region.
- Regulated by top-tier authorities like ASIC and CySEC
- DFSA-regulated entity for UAE traders
- Negative balance protection available
- Strong track record since 2009
- No investor protection under DFSA regulation
- Not publicly listed, lacks financial disclosures
- Does not hold a banking license
Who is XM regulated by?
XM is a globally regulated broker, overseen by multiple financial authorities across different regions. Its parent company, Trading Point Holdings, operates through several legal entities, ensuring compliance with international financial standards.
Top-tier regulators:
- Cyprus Securities and Exchange Commission (CySEC) – Cyprus (EU)
- XM operates under Trading Point of Financial Instruments Ltd, regulated by CySEC under license number 120/10.
- CySEC regulation allows XM to provide financial services across the European Economic Area (EEA) under MiFID II.
- European clients benefit from investor protection, including compensation under the Investor Compensation Fund (ICF) up to €20,000.
- Australian Securities and Investments Commission (ASIC) – Australia
- Trading Point of Financial Instruments Pty Ltd holds an Australian Financial Services License (AFSL) under license number 443670.
- ASIC enforces strict compliance with financial obligations, ensuring transparency and investor protection.
Other key regulators:
3. Financial Services Commission (FSC) – Belize
- XM operates under Trading Point of Financial Instruments Ltd (Belize) with FSC license number 000261/309.
- The FSC oversees international financial services in Belize, offering a regulatory framework with lower compliance restrictions compared to top-tier regulators.
4. Dubai Financial Services Authority (DFSA) – UAE
- Trading Point MENA Limited is regulated by the DFSA under license number F003484.
- The DFSA ensures that financial services in the Dubai International Financial Centre (DIFC) comply with local and international financial regulations.
- UAE traders under DFSA oversight do not have access to a compensation scheme but benefit from regulatory supervision.
XM operates under four key regulators: CySEC (EU), ASIC (Australia), FSC (Belize), and DFSA (UAE). These regulators enforce compliance standards, ensuring XM provides a secure trading environment. However, investor protection levels vary depending on the jurisdiction, with EU clients benefiting from compensation schemes, while traders in Belize and the UAE fall under different regulatory frameworks with fewer protections.
Is XM a safe broker to use?
Yes, XM is a safe broker, regulated by ASIC, CySEC, and DFSA since 2009. It ensures compliance with strict financial standards and offers negative balance protection. However, it is not publicly listed and does not disclose financial statements, limiting transparency.
Is there investor protection for XM?
Investor protection at XM depends on the regulatory entity under which a client is registered. EU clients under CySEC regulation receive protection up to €20,000 through the Investor Compensation Fund (ICF). However, clients under ASIC, FSC, or DFSA regulation do not receive investor protection. UAE traders under DFSA regulation will not have compensation coverage in case of broker insolvency, making it essential to consider XM’s overall safety measures, including segregated client funds.
Broker Name | ||
---|---|---|
Country of registered entity: EEA (European Economic Area) countries | ||
Country of registered entity: Australia | ||
Country of registered entity: Middle East, including UAE | ||
Country of registered entity: Rest of the world |
XM background
Founding: Established in 2009 by Trading Point Holdings Ltd., headquartered in Limassol, Cyprus.
Mission: Committed to providing low-cost trading, fast execution, and comprehensive education for traders worldwide.
Global Presence: Serves over 10 million clients across 190+ countries, making it one of the largest forex and CFD brokers.
Regulation: Operates under multiple regulatory bodies, including CySEC (EU), ASIC (Australia), DFSA (UAE), and FSC (Belize).
Trading Services: Specializes in forex and CFD trading, offering 1,000+ instruments across currencies, indices, commodities, stocks, and cryptocurrencies.
Technology: Provides MetaTrader 4 & MetaTrader 5, enhanced with custom indicators and trading tools.
Education & Research: Known for its in-depth webinars, trading guides, and market research, catering to all experience levels.
Awards: Recognized for best execution speeds, customer service, and trading conditions, with multiple industry awards.
Recent Developments: Expanded its Islamic (swap-free) account offerings and introduced new stock CFDs for diversified trading.
XM deposit and withdrawal
3.8/5
XM offers fast, fee-free deposits and low-cost withdrawals, except for bank transfers under $200, which incur a $15 fee. Supported payment methods include bank transfers, credit/debit cards, and e-wallets like Skrill and Neteller. With 10 base currencies, traders can minimize conversion fees. Withdrawals are processed quickly, but profits must be withdrawn via bank transfer.
- Fast and free deposits with multiple payment methods
- No withdrawal fees, except for bank transfers below $200
- Quick processing times, with card and e-wallet withdrawals typically completed within 2 business day
- Bank transfers under $200 incur a $15 withdrawal fee
- Profits can only be withdrawn via bank transfer, as card and e-wallet withdrawals are limited to deposited amounts
- No AED base currency
Account base currencies
XM offers 10 base currencies for trading accounts, AED (UAE Dirham) is not available as a base currency, so UAE traders may need to consider conversion fees when depositing or withdrawing funds.
Broker Name | |
---|---|
XM | |
AvaTrade | |
Pepperstone |
Fees and options for deposits
XM does not charge deposit fees. Deposits can be made via bank transfer, credit/debit cards, and e-wallets like Skrill and Neteller (availability depends on the regulatory entity). Bank transfers may take a few days, while card and e-wallet deposits are processed instantly.
Broker Name | ||
---|---|---|
XM | ||
AvaTrade | ||
Pepperstone |
Electronic wallet availability
Broker Name | |
---|---|
XM |
Deposit currency conversion fees
XM does not charge internal deposit fees, but currency conversion fees apply if your deposit currency differs from your account’s base currency. USD deposits typically have no conversion fees, while EUR, GBP, and AUD may incur around 50 pips (~0.40-0.77%).
For card and e-wallet deposits, conversion fees vary: EUR (~1.4%), GBP (~0.4%), and AUD (~1.56%). AED deposits have the highest conversion cost, reaching up to 820 pips (~3%). Always check with your payment provider or XM support for the latest rates.
Fees and options for withdrawal
XM offers multiple withdrawal options. Most withdrawals are processed within 24 hours, but bank transfers can take 2-5 business days. XM does not charge withdrawal fees, except for bank transfers below $200, which incurs a $15 fee. Withdrawals must be made using the same method as the deposit, up to the deposited amount, while profits are typically withdrawn via bank transfer.
Broker Name | ||
---|---|---|
ActivTrades | ||
AvaTrade | ||
Pepperstone |
XM account opening
5/5
XM offers a straightforward and fully digital account opening process, allowing traders to get started quickly. With a low minimum deposit of just $5, it provides accessibility for beginners while offering advanced account types for experienced traders. Traders can choose from Standard, Micro, and Zero accounts, each with different pricing structures. The process typically takes one business day for verification, and multiple base currencies are available. UAE traders can also access Islamic (swap-free) accounts, ensuring compliance with Sharia law.
- Low minimum deposit of $5, making accounts accessible to all traders
- Multiple account types, including Standard, Micro, Zero, and Islamic (swap-free) accounts
- Wide selection of base currencies, reducing conversion fees
- Fast and fully digital account opening process
- No corporate account option
- Verification may take up to one business day in some cases
Account opening information
Broker Name | ||
---|---|---|
XM |
What is the minimum deposit at XM?
- The minimum deposit at XM is $5 for Standard and Micro accounts.
- For the XM Zero account, the minimum deposit is $100.
- The Shares account requires a $10,000 minimum deposit.
Account types
- Standard account: No commission, spreads from 1.0 pips, suitable for all traders.
- Micro account: Designed for smaller trade sizes, 1 lot = 1,000 units instead of 100,000.
- XM Zero account: Raw spreads from 0.0 pips, commission-based trading, lower spreads.
- Shares account: Designed for stock trading (non-CFDs), requires a $10,000 deposit.
- Islamic account: Swap-free option available for traders following Islamic finance principles.
How to open an account?
- Go to the XM website or mobile app – Click “Open an Account.”
- Fill out personal details – Provide name, email, country, and preferred trading platform (MT4 or MT5).
- Choose your account type – Select from Standard, Micro, Zero, or other available options.
- Set account preferences – Pick base currency, leverage, and additional features like swap-free (Islamic) accounts.
- Complete the trading experience survey – Required by regulators to assess suitability.
- Verify your identity – Upload a government-issued ID and proof of address.
- Fund your account – Deposit at least the minimum required amount via bank transfer, card, or e-wallet.
- Start trading – Once approved, you can access the platform and begin trading.
Note: You can open a new XM trading account via mobile app. The process is fully digital and follows the same steps as the desktop version, allowing you to register, verify your identity, and fund your account directly from your smartphone.
How to withdraw funds from XM?
- Log in to your XM account – Access the XM Members Area via the website or mobile app.
- Go to ‘Withdraw Funds’ – Locate this option in the account dashboard.
- Select your withdrawal method – Choose from bank transfer, credit/debit card, or e-wallet (if applicable).
- Enter the withdrawal amount – Make sure it does not exceed the available balance.
- Confirm and submit the request – XM may ask for additional verification depending on the method.
- Wait for processing – Card/e-wallet withdrawals typically take 2 business days, while bank transfers may take longer.
- Check your account – Once processed, the funds should appear in your selected withdrawal method.
Important Notes:
- Profits can only be withdrawn via bank transfer.
- Funds must be withdrawn to the same method used for deposits (up to the original deposit amount).
- Withdrawals under $200 via bank transfer incur a $15 fee.
XM mobile app
4/5
XM’s Trading Point app, available on iOS and Android, provides access to over 1,000 instruments, including forex, stocks, indices, commodities, and crypto. It offers real-time market access, charting tools, a demo account, and instant deposits/withdrawals. Traders can also use MT4 and MT5 mobile apps, which add features like price alerts missing in the proprietary app.
Note: We tested XM’s Trading Point app with a live account for this review.
- Intuitive user interface with clean design
- Supports Market, Limit, Stop orders
- Advanced charting with indicators and timeframes
- Available in multiple languages, including Arabic
- Dedicated proprietary app
- No biometric login
- Limited security options
- No built-in price alerts in Trading Point app
Mobile app information
Broker Name | ||
---|---|---|
Pepperstone |
Languages
Arabic, Chinese (Simplified), Chinese (Traditional), Czech, English, French, German, Greek, Hindi, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Portuguese (Brazil), Russian, Spanish, Thai, Turkish, Ukrainian, Vietnamese.
Look and Feel / User Interface
Modern and intuitive design offers easy access to account settings, order history, and live markets. Advanced charting includes multiple chart types and indicators, tested on an iPhone 14. One-click trading executes orders fast, and customizable watchlists track preferred instruments.
Security & Login
Login uses username/password with two-step authentication via SMS or email, tested during setup. No biometric login (fingerprint or Face ID) is available, contrary to initial assumptions.
Search
Quick search finds instruments by keyword (e.g., “EURUSD”), with categorized asset classes like forex and stocks, tested with instant results.
Placing Orders
One-click trading offers instant execution, tested with a GBP/USD trade in under 1 second. Market, Limit, and Stop orders are available, with options to edit or cancel pending trades.
Products
- Forex: 57 currency pairs (e.g., EUR/USD, USD/JPY)
- Stock CFDs: Over 1,000 stocks (e.g., Apple, Tesla)
- Indices: S&P 500, NASDAQ, FTSE 100, etc.
- Commodities: Gold, oil, silver, etc.
- Cryptocurrencies: Bitcoin, Ethereum, Litecoin, etc.
Alerts and Notifications
No built-in price alerts in Trading Point app; MT4/MT5 apps cover this gap. Trade confirmations arrive instantly after execution.
XM web trading platform
3.9/5
XM’s web trading platform provides seamless access to over 1,000 financial instruments, including forex, stocks, indices, commodities, and cryptocurrencies. It offers XM WebTrader alongside MT4 and MT5 web versions, with advanced charting and analysis tools. Security includes 2FA, but the proprietary platform lacks price alerts.
Note: We tested XM’s WebTrader with a live account for this review.
- No downloads required
- Intuitive interface with clean layout
- Multi-device sync with mobile and desktop
- Supports MT4 and MT5 features
- Customizable charts with indicators
- No built-in price alerts in WebTrader
- Limited advanced order types
Web/desktop platform information
Broker Name | ||
---|---|---|
Pepperstone |
Languages
Arabic, Chinese (Simplified & Traditional), English, French, German, Greek, Hindi, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, Thai, Turkish, Ukrainian, Vietnamese.
Look and Feel / User Interface
Simple, clean interface with easy navigation works on all major browsers, tested on Chrome 120. Multiple charting tools include indicators and timeframes, with one-click trading executing fast.
Security & Login
Login requires username/password with 2FA via SMS or email, tested for secure access. No biometric login is supported on web.
Search
Quick search bar finds forex pairs, stocks, and more, with organized categories and saved watchlists, tested with “XAUUSD” loading instantly.
Placing Orders
Market, Limit, and Stop orders execute with one-click trading, tested at under 1 second. Basic risk management includes stop-loss and take-profit; MT4/MT5 add trailing stops.
Products
- Forex: 57 currency pairs (e.g., EUR/USD, GBP/USD)
- Stock CFDs: Over 1,000 stocks (e.g., Amazon, Microsoft)
- Indices: FTSE 100, DAX, etc.
- Commodities: Gold, silver, oil, etc.
- Cryptocurrencies: Bitcoin, Ethereum, Ripple, etc.
Alerts and Notifications
WebTrader lacks price alerts; MT4/MT5 web versions support them. Basic trade confirmations display executed trades.
Portfolio and Fee Report
- Portfolio Management: Real-time tracking of open/closed trades, with balance, equity, and margin details. Trade history filters by instrument or date.
- Fee Transparency: Spreads shown pre-trade, swap fees visible on positions, no hidden costs. No exportable reports or aggregated fee summary.
XM available assets
2.8/5
XM offers a solid range of forex pairs and CFDs for leveraged trading. Its forex selection stands out, but the CFD variety lags behind some competitors. Real stocks are available only under the FSC-regulated entity via a Shares Account, while ETFs, bonds, and options are absent, limiting diversification. Leverage is fixed by regulation, not manually adjustable, which may complicate risk management. XM’s Copy Trading feature lets traders follow or share strategies within the platform.
Assets & Products
Forex
- 57 currency pairs, including majors (EUR/USD, USD/JPY), minors (AUD/NZD), and exotics (USD/TRY)
- Leverage up to 1:1000 under XM Global, 1:30 under CySEC, ASIC, FCA, DFSA
Stock Index CFDs
- 30 global indices, including S&P 500, NASDAQ 100, Dow Jones, FTSE 100, DAX 40, Nikkei 225, ASX 200, CAC 40, etc.
- Leverage up to 1:200 under XM Global, 1:20 under EU/UK/UAE regulations
- No commission, costs in the spread
Stock CFDs
- Over 1,000 stock CFDs from US, UK, Europe, and Asia (e.g., Apple, Tesla, Microsoft, Vodafone)
- Available on MetaTrader 5
- No stamp duty or exchange fees
Commodity CFDs
- Metals (gold, silver), energy (oil, natural gas), and agricultural (wheat, coffee, corn, etc.)
- Leverage up to 1:500 under XM Global, 1:20 under EU/UK/UAE regulations
Cryptocurrency CFDs
- 31 crypto CFDs, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Cardano (ADA), Ripple (XRP)
- Tradable 24/7 under XM Global, not available under CySEC/FCA/ASIC
- Leverage up to 1:500 under XM Global
Social & Copy Trading
- Investors: Copy experienced traders’ strategies
- Strategy Managers: Share strategies, earn from followers’ profits
- XM Copy Trading platform offers 9,000+ strategy providers
- Supports third-party tools like ZuluTrade
- No extra fees, $5 minimum deposit
Education and Research
4.6/5
XM provides a well-rounded education and research package, offering in-house market analysis, trading tools, and educational content to help traders enhance their skills and make informed trading decisions. While its research tools are separate from the trading platform, limiting convenience compared to brokers with built-in research features, XM compensates with a strong selection of video content, daily market updates, and trading signals.
Research and market analysis
XM delivers daily market insights through multiple formats, catering to traders seeking technical and fundamental analysis:
- XM TV: A great feature, offering daily forex market commentary and expert analysis in a TV interview-style format. Content is also available as a podcast for easy access.
- Market News & Articles: The XM News section allows traders to filter updates by asset class (forex, stocks, indices, commodities, cryptocurrencies), providing market recaps, trading signals, and key economic developments.
- Trading Signals: XM offers Trade Ideas and Technical Summaries exclusively for live account holders, integrating Autochartist and Analyzzer tools to generate potential trade setups.
- Social Trading & Copy Trading: XM supports automated trade copying via the MT Signals Market and Analyzzer expert advisors, allowing traders to follow successful strategies.
- Charting Tools: XM provides 31 technical indicators and various drawing tools. However, the platform’s design feels outdated, and navigation can be less intuitive than competitors offering more modern charting solutions.
Educational resources
XM offers comprehensive learning materials for traders of all experience levels, with a strong focus on video-based education and live training.
- Tradepedia: XM’s proprietary in-house video course covering forex and CFD education across seven chapters and 39 videos. Topics range from market basics to technical analysis and risk management, featuring the Avramis River indicator.
- Live Webinars: Hosted in multiple languages, XM’s webinars cater to global audiences with sessions available throughout the week, structured by experience level.
- Video Tutorials & On-Demand Lessons: Available for both demo and live account holders, covering trading strategies, platform navigation, and market fundamentals.
- Articles & Written Guides: XM provides structured forex education, with progressive learning paths across six chapters and 53 articles, covering 13 forex trading lessons. However, CFD education remains limited, which could be improved.
Support
4.6/5
XM provides 24/5 customer support, offering multiple contact channels for traders who need assistance. While response times are generally fast, some complex trading-related queries may require escalation.
Support options available
XM’s support team can be reached through the following methods:
- Live Chat: Available directly on the website and client portal for instant responses.
- Email Support: Traders can send inquiries via email, typically receiving a response within 24 hours.
- Phone Support: XM provides quick phone support in multiple languages.
- Support Ticket System: No dedicated ticketing system, but traders can submit requests via email or live chat for follow-up.
Response times and quality of service
- Live chat responses are quick, but some answers may lack depth, especially on technical trading questions.
- Phone support is reliable, with minimal wait times, though complex queries may require escalation.
- Email responses are detailed and typically provided within a business day.
- Support is multilingual, catering to traders worldwide, including Arabic-speaking users in the UAE.
Live chat-bot
- Live chat is available 24/5, offering fast responses, but not AI-driven, meaning users are connected to human agents rather than a chatbot.
- Some traders may need to rephrase or escalate queries to get more in-depth answers.
Email support
- Email is best for detailed inquiries that require a comprehensive response.
- Traders typically receive replies within 24 hours.
- Best suited for account verification, withdrawals, and other non-urgent matters.
UAE specific features
- Regulated by DFSA under Trading Point MENA Limited, ensuring compliance with UAE regulations.
- Islamic (swap-free) accounts available, removing interest charges for Muslim traders.
- Arabic language support across the website, customer service, and trading platforms.
- No AED base currency, meaning conversion fees apply for AED deposits and withdrawals.
- Leverage capped at 30:1 for major forex pairs under DFSA regulation.
- No investor protection for UAE clients, as DFSA does not mandate compensation schemes.
- Local payment methods supported, including bank transfers, credit/debit cards, and e-wallets.
- Access to over 1,300 instruments, but real stock trading (non-CFDs) is not available under DFSA regulation.
Author comment
“What stood out to me about XM is its accessibility and trader-friendly features. With a low $5 minimum deposit, a variety of account types, and commission-free standard trading, it’s a solid option for beginners and experienced traders alike. The integration with MetaTrader 4 and 5, along with XM’s custom tools and research offerings, enhances the overall trading experience. While it lacks a proprietary platform and has limited real stock trading options, the fast execution speeds, strong educational resources, and flexible trading conditions make XM a well-rounded choice for forex and CFD traders.”
FAQ
What is XM?
XM is a forex and CFD broker founded in 2009, offering over 1,000 instruments like forex, stocks, indices, commodities, and cryptocurrencies. It’s known for a $5 minimum deposit, competitive conditions, and MetaTrader 4/5 integration, with account types and resources for all traders.
Is XM available in the UAE?
Yes, XM operates in the UAE under the DFSA via Trading Point MENA Limited, offering forex, commodities, indices, and stock CFDs with leverage up to 1:30. Islamic swap-free accounts are available.
What account types does XM offer?
- Micro Account: Micro-lot trading, $5 minimum
- Standard Account: No commissions, spreads from 1.0 pips
- XM Zero Account: Spreads from 0.0 pips, $3.50/lot commission
- Shares Account: Real stocks, $10,000 minimum
- Islamic Account: Swap-free for Muslim traders
Is XM regulated?
Yes, by DFSA (UAE), ASIC (Australia), CySEC (EU), and FSC (Belize).
What platforms does XM support?
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
- XM WebTrader
- XM Trading Point App
What are the deposit and withdrawal options?
- Bank transfers (free over $200, $15 under)
- Credit/Debit cards (Visa, Mastercard)
- E-wallets (Skrill, Neteller, SticPay)
- Local UAE bank transfers
What are XM’s trading fees?
- Micro & Standard: No commissions, spreads from 1.0 pips
- Zero: 0.0 pips, $3.50/lot commission
- No deposit fees, free withdrawals over $200
Does XM offer negative balance protection?
Yes, for all traders, capping losses at deposited funds.
Does XM provide investor protection?
- EU: Up to €20,000 (ICF)
- UAE/Australia/International: No specific scheme
What leverage does XM offer?
- DFSA/ASIC/CySEC: 1:30 forex, 1:20 commodities, 1:5 crypto
- FSC: Up to 1:1000 forex
Does XM offer social trading?
Yes, Copy Trading lets traders follow strategies under FSC and other entities where available.
What is the minimum deposit at XM?
- Micro & Standard: $5
- Zero: $5 (not $100, per XM site)
- Shares: $10,000
How long does it take to withdraw funds?
- Bank transfers: 2-5 days
- Cards/E-wallets: Up to 48 hours
Does XM have a demo account?
Yes, with $100,000 virtual funds.
Can you trade crypto on XM?
Yes, 31 crypto CFDs (Bitcoin, Ethereum, Litecoin, etc.) under XM Global, not EU/UK/UAE-regulated entities.
Does XM support Islamic accounts?
Yes, swap-free accounts comply with Sharia law.
Is XM safe?
Yes, with segregated funds, negative balance protection, and regulation by DFSA, ASIC, CySEC, and FSC.
What is the downside of XM?
- Not publicly traded
- No ETFs, bonds, or options
- Fixed leverage
Can UAE traders access local bank transfers?
Yes, via local UAE banks, avoiding international fees.
How do I open an account with XM?
Sign up online, pick an account, upload ID and address proof, choose a base currency, deposit, and trade after verification (10-15 minutes).
Everything you find on Business24-7 is based on trustworthy data and impartial analysis. We combine over 11 years of financial expertise with valuable reader feedback to provide accurate insights. Learn more about our methodology.
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