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XM

High leverage, low minimum

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RISK WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail trader accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Backtesting results are hypothetical and do not guarantee future performance.

XM provides forex and CFD trading with a range of account types and high leverage, using MetaTrader platforms. 90‑day cookie, $5 minimum payout, daily payouts. Revenue share up to $80/lot for non‑EEA affiliates (including SA) — industry‑leading for African traffic.

Visit XM →Test Your Strategy →

Full Specification

RegulatedYes
RegulatorsCySEC, ASIC, FSC
Registered inCyprus
Minimum Deposit$5
Spread TypeVariable
Spread From0.6 pips EURUSD
Max Leverage1:888 (Non‑EU), 1:30 (EU)
Instruments200+
Instrument TypesForex, Indices, Commodities, Crypto, Stocks
PlatformsWeb, Mobile, MT4, MT5
Demo AccountYes (Unlimited)
Swap-FreeYes
Copy TradingNo
Social TradingNo
Crypto TradingYes
Education ResourcesYes
Customer Service24/5 live chat, email, phone
Monthly CostFree

Regulation & Safety

XM is regulated by CySEC, ASIC, FSC. This means the broker is subject to financial oversight, client fund segregation rules, and regular audits.

Trading Instruments

ForexIndicesCommoditiesCryptoStocks200+ instruments total

Platforms

WebMobileMT4MT5

Test Before You Trade

Before opening a live account with XM, test your trading strategy on historical data. Our backtester runs your strategy across 50+ instruments — including those available on XM.

Open Backtester →Strategy Lab →← All Brokers
⚠ Risk Warning:CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Backtesting results are hypothetical and do not guarantee future performance.