XM review
Trust 8.4/10Long-established multi-asset broker with a $5 minimum deposit and four-jurisdiction regulation including ASIC and DFSA. Strong educational resources and a copy-trading marketplace make it a popular pick for newer traders.
ASIC
CySEC
DFSA
FSCA
FSC-Belize
HQ Cyprus
Est. 2009
Segregated client funds. Affiliate link — supports the site at no cost to you.
At a glance
Min deposit
$5
Max leverage
1:1000
EUR/USD spread
0.70 pips
Commission
$0.00/lot
Pros
- $5 minimum deposit
- Negative balance protection
- Strong educational content
- Available in 190+ countries
- Active copy trading marketplace
Cons
- No cTrader or TradingView
- Standard account spreads above ECN peers
- No US clients
Account types
| Account | Available | Best for |
|---|---|---|
| Raw / ECN spread | Scalpers, algo traders, high-volume | |
| Standard | All-in spreads, simpler costs | |
| Swap-free / Islamic | Swing traders, religious requirements |
Platform support
| Platform | Supported |
|---|---|
| cTrader | |
| MetaTrader 4 | |
| MetaTrader 5 | |
| TradingView | |
| Proprietary |
Trading costs
| Item | Value |
|---|---|
| EUR/USD avg spread | 0.70 pips |
| Commission per standard lot | $0.00 round-trip |
| Swap fees competitive? | |
| Withdrawal speed | 24 hours |
| Deposit methods | Bank Wire, Credit/Debit Card, Skrill, Neteller |
| Base currencies | USD, EUR, GBP, AUD, JPY, SGD |
Best for
Beginners
Day traders
Copy traders