XM Global Review

XM Review | Expert Review by a Forex Trader

Trade With FX Spreads From 0.6 Pips

  •  Deposit Bonus
  •  Crypto CFDs
  •  $5 Minimum Deposit
  •  Real Stocks
  •  Spread From 0.6
  •  XM App
Deposit Bonus Up To $5000: T&Cs apply

XM Global Review

XM Global Limited is an IFSC regulated broker based in Belize. It offers MT4 and MT5 and allows the use of Expert Advisors (EAs). On MT5, XM provides a relatively large number of markets with 1000+ available. At XM Global, XM does not charge commissions but nonetheless can offer tight spreads on EUR/USD down to 0.6 pips.

For most of its account types, XM Global offers a low minimum deposit, from $5, depending on the account type. However it additionally provides a Shares account which offers real Stocks to own and has a minimum deposit of $10,000. Traders in the EEA and Australia will not sign up with XM Global, rather will sign up with XM CySEC regulated or XM ASIC regulated.

XM Global Features Highlight
FeaturesXM PlatformsDescription
Deposit Bonus
Account Feature
MT4, MT5
XM Platforms
XM Global offers a 20% Deposit Bonus up to $5000: T&Cs apply
Crypto CFD Trading
Trading Type
MT4, MT5
XM Platforms
A Wide range of Cryptocurrency CFDs are offered, with leverage from 50:1 to 250:1 (250:1 for Bitcoin, Ether and Ripple)
Real Stocks
XM Platform
Real Stocks are available from the Shares account, which has a minimum deposit of $10,000
Forex Trading
Trading Type
MT4, MT5
XM Platforms
XM offers a wide range of support for Forex traders, including both MT4 and MT5, a free VPS offer: T&Cs apply and technical and fundamental analysis tools

What kind of broker is XM Global ?

XM offers flexibility for MT4 and MT5 traders. It has a very low minimum trade size available on its Micro account types. These account types utilise the capacity of MT4 and MT5 to be denominated in cents, which sets 1 lot = 1,000 rather than a standard lot value of 100,000. Thus 0.1 lots on a cent account become 0.001 standard lots.

These accounts have limits on the size of the order, so if the trader wishes to trade larger trade sizes, they may trade on the Standard account type, which has the same trading conditions and minimum deposit as its Micro versions, except that it allows smaller trade sizes.

This Micro account (which is an account type sometimes called a cent account) is offered as a standalone account (the Micro account) and as one version of the Ultra Low account.

What is the Ultra Low account ?

The Ultra Low account is an account type which can offer lower spreads on Forex major pairs, for example down to 0.6 on EUR/USD. On the other accounts, EUR/USD spreads are down to 1. The Micro, Standard and Ultra Low accounts have a minimum deposit of $5.

Does XM offer a demo account ?

XM does offer a demo account, where the trader can try out either platform. XM Demo.

What is the maximum trade size ?

This depends on whether the account is a Micro or a Standard account types. For Standard account types, the maximum order size is 50 standard lots. For the Micro account types, the maximum order size is 100 micro lots. However the maximum number of open orders allowed is 200. Thus if a trader wishes to trade on larger order sizes than 50 standard lots, they may break the trade into different parts.

MT4 vs MT5 accounts

To trade on MT5, the trader needs a separate account from MT4. The platform is chosen at registration, but once registered, the trader can simply add on different account types and the other platform. To be clear, the account types are offered for MT4 and MT5. The MT4 account has less markets as it does not offer Stocks CFDs or Shares. At XM Global, both MT4 and MT5 offer a minimum order size of 0.001 lots.

What markets are offered ?

XM offers Forex, Indices, Energy, Commodities, Stocks and Shares, for a total of 1000+ markets to trade. The full compliment is available on MT5. MT4 offers Forex, Indices, Energy and Precious Metals, for a total of 100+.

Why use MT4 or MT5 ?

MT5 is the successor to MT4 and has a number of enhancements, including more time frames, order execution types and graphical objects, as well as supporting more markets to trade. However the trader may be familiar with MT4 or simply prefer this platform. AT XM, the trader can open an MT4 account and then later try MT5 is they wish.

Is automated trading allowed ?

XM allows the trader to use Expert Advisors (EAs). EAs are online trading robots for MT4 and MT5. These robots are programmed to execute trades on behalf on the trader. The trader can use EAs already built or can may build them, in the MQL4 programming language for MT4 or the MQL5 language for MT5. XM supports a wide range of trading styles, including scalping.

What type of trader may be suited to XM Global ?

A wide range of traders could find XM suitable for their trading. Traders who use automated and non-automated trading can use this broker, as MT4 and MT5 support both of these types of trading. Traders who want to trade Stocks CFDs using leverage (increasing leverage increases risk) can do so at XM Global on MT5. Traders can also buy real Shares to own without leverage on the Shares account. Forex traders may trade from 60+ Forex pairs on MT4 and MT5 and use EAs as they wish.

Does XM Global charge deposit or withdrawal fees ?

XM Global charges neither deposit nor withdrawal fees.

Is XM Global regulated ?

XM Global is based in Belize and is regulated by the International Financial Services Commission (IFSC), with license number: IFSC/60/354/TS/19.

Pluses and minuses

  • XM Global offers both MT4 and MT5
  • XM Global has Stocks CFD to trade on MT5
  • XM Global offers real Stocks (Shares) on MT5
  • XM Global offers a very low minimum deposit ($5)
  • XM Global has a minimum deposit of $10,000 for Shares
  • XM Global has a very low minimum trade size of 0.001 standard lots
  • XM Global offers 10000+ markets to trade on MT5
  • XM Global allows automated trading (Expert Advisors) on MT4 and MT5
  • 20% Deposit Bonus up to $5000


XM Global Limited in an IFSC regulated broker which offers MT4 and MT5 trading, supporting a wide range of styles including automated trading using Expert Advisors (EAs). This broker has very low trade sizes and a very low minimum deposit. Because it offers leverage up to 888:1 for Forex (increasing leverage increases risk) and has very low minimum trade sizes, it can be possible for the trader to trade with a smaller account size.

XM Global offers its Ultra Low account which has EUR/USD spreads from a tight 0.6. For a relatively large minimum deposit, the trader can trade real Stocks on its Shares account. On MT5, XM Global provides 1000+ markets to trade, including a wide range of Cryptocurrency CFDs with leverage up to 250:1.

XM Global offers a range of choice and ways to trade, from owning Shares to trading a large number of Shares CFDs on MT5 to automated trading with markets such as Forex. Its very low minimum trade size and minimum deposit makes it accessible for smaller account sizes, but it supports larger volume trading as well.