XM Table of Contents

  1. What is XM?
  2. Company Overview
  3. XM Group
    1. Comparison of Differences in XM Group
  4. History
  5. Financial Licenses & Regulations
    1. Cyprus CySEC
    2. Belize FSC
  6. Contact & Customer Support
  7. Concerns About Scams and Withdrawal Issues in Forex
  8. Pros and Cons of Opening an Account
  9. Trade All Instruments with One Forex Account
    1. Differences in Instruments Handled by Domestic Accounts
  10. Maximum Leverage of 1,000 Times
    1. Leverage Varies by Instrument
    2. Leverage Restrictions as Margin Increases
  11. No Debt in Forex with NBP
  12. Cryptocurrency Forex (Crypto Asset CFD)
    1. Features & Benefits
    2. Points of Caution
  13. Free Account Opening Bonus for Forex
    1. Bonuses and Campaigns are Best in the Industry
    2. Check 'Bonus Desired' at Account Opening
    3. How to Use XM Points
  14. Deposit with Bank Transfer or Credit Card
  15. No Requotes, No Order Rejections
    1. Prohibited Actions & Trading Methods
    2. How It's Possible to Have No Requotes or Rejections
  16. Trading Costs are Low with the Zero Account
  17. The KIWAMI Extreme Account Recommended by XM
    1. Pros and Cons of the KIWAMI Extreme Account
  18. Points to Note When Opening an Account with XM
    1. Registration of My Number
    2. Dormancy Fees and Account Cancellation

Explore the ultimate guide to XM Forex Broker, covering everything from high leverage opportunities, diverse account types, to detailed trading conditions.

Unlock your trading potential with XM Forex Broker – offering unbeatable leverage, versatile accounts, and optimal trading conditions!

What is XM?

XM is a Forex broker registered in countries like Cyprus and Belize.

  • The most famous Forex account is XM
  • Free campaigns for Forex
  • High leverage of 1,000 times at XM
  • No debt in Forex (no margin calls)

XM offers an account opening bonus that allows you to start Forex and CFD trading without any initial funds.

If you want to aim for high profits in Forex but don’t want to get into debt, XM, the industry leader in Forex, is recommended.

Official Website (xmtrading.com)

Company Overview of XM

Here is the company information for XM.

Forex Broker XM
Operating Company XM Global Limited, etc.
Headquarters Republic of Cyprus
Financial License Cyprus CySEC, Belize FSC, etc.
Trader’s Margin Segregated Management

The traders’ margin at XM is managed separately in banks like those in Switzerland.

Latest Corporate Information Here

About XM Group

The parent company of XM is Trading Point of Financial Instruments Limited, headquartered in the Republic of Cyprus.

The company has branding tailored to countries and regions, and FX brokers under the XM Group (XM brand) include XM, XMGLOBAL, and XMTRADING.

XM is expanding into America.

History of XM

Here is the main history of XM.

Year Event
2009 Company established
2009 trading-point.com launched
2009 First in the world to achieve a no-requote trading environment on MT4
2009 Started providing 24-hour support
2010 Obtained financial licenses in various European countries
2010 Partnership with copy trading ZuluTrade
2010 Launched the MT4 WebTrader
2011 Launched smartphone trading app
2012 Support for over 20 languages
2012 Started offering mirror trading
2013 Started delivering free signal trading
2013 Acquired the domain XM.COM
(XM is a shortened name of XEMarkets)
2013 Started providing VPS hosting services
2014 Opened an office in Hungary
2014 Started offering a loyalty program
2015 Opened an office in Greece
2015 Reached 400,000 Facebook subscribers
2015 Trader count exceeded 500,000
2016 Became the official sponsor of the Saudi Arabian football club Al-Nassr FC
2016 Trader count exceeded 700,000
2016 Former Olympic athlete Usain Bolt became the official ambassador for XM
2016 Obtained UK FCA
2017 Trader count exceeded 1 million
2017 Started supporting MT5 (MetaTrader 5)
2017 Trader count exceeded 1 million

XM’s trader count now exceeds 10 million people in 190 countries, truly making it the number one Forex broker (Forex Broker/Forex Company).

Start with XM Here

Financial Licenses & Regulations of XM

Here are the financial licenses and regulations obtained by XM.

  • Cyprus CySEC
  • UK FSA
  • Germany BaFin
  • Spain CNMV
  • Hungary MNB
  • Italy CONSOB
  • France ACPR
  • Finland FIN-FSA
  • Poland KNF
  • Netherlands AFM
  • Sweden FI
  • Belize FSC
  • Seychelles FSA
  • Mauritius FSC
This section lists as many financial licenses and regulations as possible for the entire XM Group.

Financial licenses and regulations relevant to traders can be verified under the section for XM / XMTrading’s financial licenses and regulations.

Check Financial Licenses Here

Registration Information for XM’s Cyprus CySEC

Below is the registration information for XM at Cyprus CySEC.

Financial License Cyprus CySEC
Country Republic of Cyprus
Company Trading Point of Financial Instruments Limited
Registration Number HE251334
Registered Address 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus
License Number 120/10

CySEC stands for Cyprus Securities and Exchange Commission.

Registration Information for XM’s Belize FSC

Below is the registration information for XM at Belize FSC.

Financial License Belize FSC
Country Belize
Company XM Global Limited
Registered Address Suite 404, The Matalon, Coney Drive, Belize City, Belize
License Number 000261/309

FSC stands for Financial Services Commission.

Latest License Information Here

If You’re Worried About Scams and Forex Withdrawal Issues, Choose XM

XM is one of the Forex brokers with no rumors or reviews of profit cancellations or withdrawal issues.

Official Website (xmtrading.com)

Pros and Cons of Opening an Account with XM

XM is a popular Forex account for first-time Forex traders.

Here are the benefits of XM:

Start with XM Here

Trade All Instruments with One FX Account at XM

Below are the categories of instruments that can be traded on XM’s Forex account.

  • Forex currency pairs
  • Precious metals (Metals)
  • Energy
  • Commodities
  • Stock indices (Indexes)
  • Equities (Securities)
  • Cryptocurrencies (Crypto)

At XM, you can leverage trade all of the above instruments with just one Forex account.

Comparison of Instruments Handled by XM and Domestic Forex Accounts

Below is a comparison of the instruments handled by XM and domestic Forex accounts.

Instruments Handled
Domestic Forex Account Currency pairs such as USD/JPY
XM Currency pairs such as USD/JPY
Gold
Crude oil
Nikkei Average
US stocks
Bitcoin
In domestic Forex accounts, traders who want to trade gold (gold) must open a separate CFD trading account.

XM has added individual stocks such as US, European, and UK stocks to the tradable instruments. (Note added September 2023)

List of Latest Instruments Here

Maximum Leverage at XM is 1,000 Times – Over 25 Times High Leverage

At Forex broker XM, you can trade with a high leverage of 1,000 times.

Maximum Leverage
Domestic Forex Account 25 times
XM 1,000 times

For example, if you place an order for 1 lot of USD/JPY at a domestic Forex account and at XM, it changes as follows:

Domestic Forex Account: $10,000 ÷ 25 times = $400
XM: $10,000 ÷ 1,000 times = $10

The higher the leverage in Forex, the less self-funding (margin) is required.

Note 1 on XM’s Leverage: Leverage Varies by Instrument

At Forex broker XM, you can trade all instruments with one Forex account, but the leverage ratio varies for each.

Below are the maximum leverages for each category of instruments handled by XM.

Category Maximum Leverage
Forex Currency Pairs 1,000 times
Precious Metals 1,000 times
Energy 66.6 times
Commodities 50 times
Stock Indices 500 times
Equities 20 times
Cryptocurrencies 500 times

At XM, you can trade with high leverage of 1,000 times for Forex currency pairs, gold, and silver.

Leverage for Each Instrument Here

Note 2 on XM’s Leverage: Leverage Restrictions as Margin Increases

At Forex broker XM, leverage restrictions occur as margin increases due to deposits and profits.

Below is an example of leverage restrictions at XM.

When the margin within a trading account exceeds $40,000, the maximum leverage is automatically restricted from 1,000 times to 500 times.

Details on Leverage Restrictions Here

XM Supports NBP, So There Are No Margin Calls – You Won’t Go Into Debt in Forex

Forex broker XM supports NBP without margin calls, so you don’t need to worry about going into debt.

Margin Calls
Domestic Forex Account Margin calls required
XM No margin calls
Even if a trader’s account balance goes into negative, XM will cover the trader’s losses (margin calls).

Although it is said that increasing leverage in Forex can ultimately lead to the risk of going into debt and is dangerous, traders at XM will not go into debt.

NBP Compliant Forex Account Here

You Can Also Do Cryptocurrency Forex (Crypto Asset CFD) at XM

At Forex broker XM, you can trade cryptocurrency Forex with high leverage of 500 times.

Cryptocurrency Forex Leverage
Domestic Exchanges 2 times
XM 500 times
XM’s cryptocurrency Forex trading hours are 24 hours a day, 365 days a year, including Saturdays and Sundays.

At XM, you can trade about 60 types of cryptocurrencies (crypto assets/cryptocurrencies), including Bitcoin.

Features & Benefits of Cryptocurrency Forex at XM

Below are the benefits of trading cryptocurrency Forex (crypto asset CFD) with an XM Forex account.

Cryptocurrency Forex XM’s Trading Environment & Conditions
Coins Handled 58 coins
Trading Hours 24 hours a day, 365 days a year
Leverage Up to 500 times
Risk of Debt No margin calls
Spread Here
Trading Fees Free of charge
Swap Points Swap-free
Minimum Trading Volume 0.01 coin
Short Selling Possible

At XM, you can trade cryptocurrency Forex (crypto asset CFD) with high leverage, no margin calls, and swap-free.

Start with XM Here

Points of Caution for Cryptocurrency Forex at XM: Leverage Restrictions with Large Orders

At Forex broker XM, leverage restrictions known as dynamic margin (or dynamic leverage) occur in cryptocurrency Forex.

Number of Trading Lots Maximum Leverage
Up to 40 lots 500 times
Up to 120 lots 250 times
Up to 200 lots 1 time
Over 200 lots 1 time

For example, if you purchase more than 200 bitcoins at XM, leverage becomes 1 time (no leverage) starting from the 201st coin.

Details on Leverage Restrictions Here

What is the Free Account Opening Bonus for Forex at XM?

Forex broker XM provides an account opening bonus that allows traders to start real trading for free.

Method of Trading Forex for Free Profit
XM’s Account Opening Bonus Withdrawable
Demo Account Not withdrawable

XM has a demo account that allows you to experience Forex for free, but the demo account is for simulation, so profits are not withdrawable.

XM’s account opening bonus (no deposit bonus) allows you to trade Forex for free just like a demo account, and you can actually withdraw profits if you make any.

Account Opening Bonus Here

Bonuses and Campaigns at XM Are the Best in the Forex Industry

Traders at Forex broker XM get more benefits the more they trade, with bonuses and campaigns.

Open a Forex account with XM
You receive an account opening bonus. Once you receive the account opening bonus, you can start Forex without depositing your own funds.
Deposit your own funds into XM
You receive a 100% deposit bonus. If your first deposit is 100 USD, you receive a 100 USD bonus, increasing your margin to 200 USD.
Trade Forex with XM
XM Points accumulate. The accumulated XM Points can be exchanged for bonuses.

XM also runs seasonal and time-limited bonuses and trading contests (trade tournaments/trade contests) in addition to the standard account opening promotions.

Latest Bonus List Here

When Opening an Account with XM, Check ‘Bonus Desired’

There are traders who do not receive bonuses at Forex broker XM.

At XM’s account opening page, traders who did not select ‘Yes, I wish to receive the bonus.’ in the ‘Trading Bonus’ section do not receive the bonus.

Trading Bonus Whether the Bonus Is Received
Yes, I wish to receive the bonus. Received
No, I do not wish to receive the bonus. Not received

If a trader makes a mistake in their selection, they can open an additional account here and set up a Forex account to receive the bonus.

At XM, a trader can simultaneously open and hold up to 8 accounts.

First, Open an Account (Free)

How to Use XM’s Loyalty Program XM Points

At Forex broker XM, points known as XM Points (XMP) or loyalty points accumulate each time you trade.

Depending on your loyalty status, you accumulate between 10 and 20 XM Points for every lot traded.

Once you accumulate more than 30 XM Points, you can exchange 30 XM Points for a 1 USD bonus.

Start with XM Here

You Can Deposit at XM with Bank Transfer or Credit Card

Forex broker XM allows you to deposit with bank transfers, credit cards, and debit cards.

For bank transfers (domestic remittance/domestic bank transfer), when you transfer to a payment collection agent contracted with XM, it will be displayed as margin in your XM Forex account.

If you use a credit or debit card, you can deposit into XM in just a few seconds.

The latest deposit methods at XM can be checked after you open an account here and then proceed to the member page.

First, Open an Account (Free)

No Requotes, No Order Rejections at XM

At Forex broker XM, you can trade Forex without requotes or order rejections.

“XM has 2,000 times higher leverage, but orders don’t go through (order rejections)” or “XM has narrower spreads, but you can only place orders at prices different from the chart prices (requotes occur).” XM dislikes these hidden costs.

With XM, you can place orders exactly as you wish at the prices displayed on the chart.

  • No requotes
  • No order rejections
  • No scalping restrictions (even second scalping is OK)
  • No hedging restrictions (hedging possible)
  • No restrictions on automated trading (EA use possible)
  • No price restrictions on pending orders (zero stop levels)
  • No trading fees (trading fee-free)
  • No swap points (swap-free)

XM’s trading environment and conditions vary by account type, allowing you to choose according to your trading method, such as scalping, day trading, swing trading, or automated trading.

Recommended Account Types?

Prohibited Actions & Trading Methods at XM

Below are the trading methods that are prohibited at XM.

  • XM prohibits hedging across multiple accounts
  • XM prohibits bonus arbitrage (spread trading/arbitrage trading)

In addition to the above, traders who only target economic indicator announcements for trading, or who perform mass simultaneous orders like a server attack, may also face forced liquidation, trading restrictions, and even profit confiscation or account suspension.

XM’s Terms of Use Here

How XM Achieves No Requotes, No Order Rejections

At Forex broker XM, a system called market maker is adopted for Forex.

Below is the content listed in XM’s Forex contract conditions.

30.1. We offer reception and transmission dealing services to you in relation to transactions in respect of Over-The-Counter (“OTC“) traded instruments…
62.1. … we may act as a “Market Maker“…

From XMTrading ‘Contract Conditions’

The latest trading environment and conditions can be verified on the XM Contract Conditions page.

Trading Costs are Low with XM’s KIWAMI Extreme Account or Zero Account

The downside of Forex broker XM is that spreads are wider and trading costs are higher than domestic Forex accounts because they offer many bonuses.

The XM Zero Account, which offers narrower spreads and lower trading costs, has been launched.

Below is a comparison of spreads, trading fees, and swap points by account type at XM.

Account Type Spread Trading Fee Swap Point
Standard Account 1.8 pips Free Occurs daily
Micro Account 1.8 pips Free Occurs daily
KIWAMI Extreme Account 0.7 pips Free Swap-free
XM Zero Account 0.1 pips $10 per lot Occurs daily
XMGLOBAL.COM offers a Securities Account (Share Account) specialized for stock investment without leverage.

XM’s Zero Account is the most suitable for scalping, offering the narrowest spreads and lowest trading costs.

XM Zero Account Here

The KIWAMI Extreme Account (Ultra Low Account) Recommended by XM

The account type most recommended by Forex broker XM is the ‘KIWAMI Extreme Account’.

The KIWAMI Extreme Account is referred to differently by the XM Group.

XM Group Name of KIWAMI Extreme Account
XM Ultra Low Account
XMGLOBAL Ultra Low Account
XMTRADING KIWAMI Extreme Account
The KIWAMI Extreme Account is affectionately called ‘Kiwa
ми’ internally at XM.

Pros and Cons of XM’s KIWAMI Extreme Account

Below are the benefits of XM’s KIWAMI Extreme Account compared to other account types.

  • Narrower spreads than the Standard Account by more than 1 pip
  • Spreads are narrower, but trading fees are free
  • Both USD/JPY and gold are swap-free

Below are the disadvantages of XM’s KIWAMI Extreme Account compared to other account types.

  • Spreads are slightly wider than the XM Zero Account
  • Bonuses other than the account opening bonus are not available

The KIWAMI Extreme Account is ideal for traders who have used up all the deposit bonuses in the Standard Account or who dislike the trading fees of the XM Zero Account.

Details on KIWAMI Extreme Account Here

Points to Note When Opening an Account with XM

Below are the points to note when trading Forex with an XM Forex account.

Submission of My Number Card for XM Account Opening

At the time of account opening with Forex broker XM, submission of My Number is requested.

Currently, XM does not require registration or submission of My Number.

You can open an account, deposit, trade, and withdraw at XM without registering My Number.

Dormancy Fees and Account Cancellation at XM

Forex broker XM requires attention to dormancy account fees and automatic account cancellation.

If there is no trading or deposit activity for a long period, the account becomes dormant, and a monthly maintenance fee of 5 USD is automatically deducted from the balance.

Furthermore, if the account balance reaches 0 USD and there is no further use for a long period, the relevant trading account is automatically cancelled, and trading or logging in at XM becomes completely unavailable.

XM, the most popular in Forex! The number of traders exceeds 10 million people in 190 countries!