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XM.com is a CFD broker that offers CFDs on stocks, indices and commodities in addition to currency pairs. Learn more about CFDs here. The company is licensed in Europe by CySEC, the Cypriot regulatory authority, so the broker can legally offer its services to Europeans. The minimum deposit with the broker is set at $5. XM.com is an international broker that also provides language support in other languages than just English.
XM.com Review – Broker overview
| Minimum deposit | 5 USD |
| Platform | MT4, MT5 |
| Regulated broker | Yes |
| Regulations | ASIC, CySEC |
| Demo account | Yes |
Special features and advantages
| Trading signals | Automatic trading (EAs) | Hedging | Online webinars |
Trading platform
XM.com offers its clients a total of 2 trading platforms – MT4 and MT5. Both platforms are very popular among traders and serve very well not only for opening and closing trades, but also for analyzing the markets. Both, MT4 and MT5 support automated trading systems (EAs). You can either trade with them directly from a web browser, or you can download the platforms to your computer or mobile device.
XM fees (spreads)
Just like any other CFD broker, XM.com charges a spread fee. For the current value of this fee, please visit the XM.com website. We have prepared a small comparison table here, where you can find the amount of XM.com spread fees on popular currency pairs compared to 2 other popular CFD brokers.
EUR/USD | EUR/USD | USD/JPY | GBP/USD | AUD/USD |
| Plus500* | 0.6 | 0.7 | 1.1 | 0.6 |
| XTB* | 0.8 | 1.4 | 2.0 | 1.7 |
| XM.com** | 1.7 | 1.6 | 2.0 | 1.9 |
**the spread value was gathered from the broker’s trading platform 03/10/2019 at 12:26
XM.com Review – Summary
XM.com must adhere to the strict regulatory guidelines of the CySEC regulatory authority. The broker offers a total of 2 trading platforms and a limited-time free demo account. The range of underlying assets is very decent, there are over 1,000 different trading instruments. The broker used to offer CFDs on cryptocurrencies as well, but unfortunately they are no longer on offer.
Advantages
- Relatively strict regulation
- Free demo account
- Wider range of assets
Disadvantages
- No cryptocurrencies on offer
- Average spreads
