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Updated February 2026

XM Review 2026: Is It Good?

In-depth analysis of XM broker in 2026 — $30 free + 100% Deposit bonus, 4 licenses, daily live webinars, compare 6 account types with Exness, HFM, IC Markets.

4.7

Overall Rating

Spreads
7.5/10
Regulation
9.5/10
Platforms
9/10
Deposit/Withdraw
8.5/10
Support
9/10
Education
9.5/10
Bonuses
8.5/10

Founded

2009

Regulation

4 Licenses

Min. Deposit

$5

Leverage

1:1000

What is XM? Why is it Popular?

XM (XM Group) is a global Forex broker founded in 2009, currently serving over 15 million accounts across 190 countries. XM has won numerous awards including Best FX Service Provider from City of London Wealth Management Awards and Best Forex Broker from European CEO Awards.

XM's standout features are the best bonuses ($30 free + 100% Deposit up to $5,000), best education in the industry (daily live webinars), and XM Loyalty Program. In this review, we analyze XM in-depth. All data updated February 2026.

XM History

1
2009

XM Group (Trading Point Holdings) founded in Cyprus

2
2012

Obtained CySEC and ASIC licenses — expanded globally

3
2015

Surpassed 1 million accounts, launched daily live webinars

4
2017

Obtained DFSA (Dubai) license for Middle East market

5
2020

Launched XM App — new mobile platform

6
2023

Expanded to 1,000+ assets including stocks and crypto

7
2026

Over 15 million client accounts across 190 countries

Regulation & Safety (4 Authorities)

CySEC (EU)

License: 120/10

Tier 1

ASIC (Australia)

License: 443670

Tier 1

DFSA (Dubai)

License: F003484

Tier 1

IFSC (Belize)

License: 000261/4

Tier 3

High Security Level

XM segregates client funds, provides Negative Balance Protection, deposits client funds with top-tier banks, and holds 4 regulatory licenses including CySEC and ASIC — Tier 1 regulators.

XM Bonuses & Promotions

$30 No Deposit
Bonus$30 Free
ConditionNo deposit

For new clients, try real trading for free

100% Deposit Bonus
Bonus100% of deposit
Maximum$500

Deposit $500, get $500 bonus, total $1,000

20% Deposit Bonus
Bonus20% additional
Maximum$4,500

Total bonus up to $5,000

XM Account Types (6 Types)

AccountMin. DepositSpreadCommissionLeverageBest For
Micro
$51.0 pipsNone1:1000Beginners practice
StandardRecommended
$51.0 pipsNone1:1000General traders
XM Ultra Low Micro
$50.6 pipsNone1:1000Beginners wanting low spread
XM Ultra Low Standard
$50.6 pipsNone1:1000Traders wanting low spread
XM Zero
$50.0 pips$3.5/lot1:500Scalpers / Day Traders
Shares Account
$10,000ตามตลาดMarket-based1:1Real stock investors

XM vs Other Brokers Comparison

CriteriaXMExnessHFMIC Markets
Min. Deposit$5$1$0$200
EUR/USD Spread1.0 pips0.3 pips1.2 pips0.1 pips
Max Leverage1:1000Unlimited1:20001:500
Bonuses$30 No Deposit + 100% Depositไม่มี20% Deposit + $50 No Depositไม่มี
RegulationCySEC, ASIC, DFSA, IFSCFCA, CySEC, FSCA, FSAFCA, CySEC, FSCA, DFSA, FSA, CMAASIC, CySEC, FSA
PlatformsMT4, MT5, XM AppMT4, MT5, TerminalMT4, MT5, HFM AppMT4, MT5, cTrader
EducationWebinar ทุกวัน + วิดีโอบทความ + วิดีโอบทความ + วิดีโอบทความ + วิดีโอ
Withdrawalภายใน 24 ชม.ทันทีภายใน 24 ชม.1-3 วัน

XM Pros & Cons

Pros (10 Points)
$30 No Deposit + 100% Deposit Bonus — double your capital
4 regulatory licenses — CySEC, ASIC, DFSA, IFSC
Maximum leverage 1:1000 — highly flexible
Daily live webinars — best education in the industry
XM App — very easy-to-use mobile app
Minimum deposit $5 for all account types
1,000+ assets — Forex, stocks, crypto, commodities
Negative Balance Protection — no negative balance
Thai language support — website and 24/5 support team
XM Loyalty Program — earn points for bonuses
Cons (5 Points)
Standard account spread higher than Exness — 1.0 vs 0.3 pips
Withdrawals not instant like Exness — within 24 hours
No cTrader support — only MT4, MT5, XM App
Zero account $3.5/lot commission higher than competitors
Bonuses have withdrawal conditions — must trade required lots

XM Education — Best in the Industry

XM has the best education system in the Forex industry, especially daily live webinars taught by world-class experts covering basics to advanced strategies. It also offers trading tutorial videos, market analysis articles, and a daily-updated Research Center.

Live Webinars

Daily

Tutorial Videos

200+

Market Analysis

Daily

Research Center

Free

Deposit & Withdrawal Methods

MethodMinimumFeeProcessing Time
Thai Bank Transfer$5FreeInstant
Credit/Debit Card$5FreeInstant
Crypto (BTC, ETH, USDT)$5Free10-30 min
Skrill / Neteller$5FreeInstant
SticPay$5FreeInstant

Trading Platforms

MetaTrader 4

World's most popular platform. Ideal for beginners with extensive EA and indicator support.

Desktop, Mobile, Web
EA Trading
30+ Indicators
MetaTrader 5

Upgraded from MT4 with more timeframes and real stock/futures support.

Desktop, Mobile, Web
21 Timeframes
38 Indicators
XM App

XM's own mobile app. Very easy to use, modern design, deposit/withdraw, manage accounts, and analyze markets in one place.

iOS & Android
In-app deposit/withdraw
Live market analysis

XM Loyalty Program

XM Loyalty Program is a points system where you earn XM Points (XMP) from every trade. Points can be exchanged for trading bonuses or cash. More trading means more points. 4 levels: Executive, Gold, Diamond, Elite.

Executive

10 XMP/lot

Gold

13 XMP/lot

Diamond

16 XMP/lot

Elite

20 XMP/lot

Who is XM For?

Suitable For
Beginners wanting to learn (daily live webinars)
Traders wanting high bonuses ($30 free + 100%)
Those wanting to start with small capital ($5)
Traders wanting diverse assets (1,000+)
Those who like earning points (XM Loyalty)
Scalpers wanting 0 spread (Zero account)
May Not Suit
Those wanting lowest spreads (Exness/IC Markets lower)
Those wanting instant withdrawals (Exness faster)
Those wanting cTrader
Those wanting unlimited leverage (Exness)

Frequently Asked Questions (FAQ)

Q1.Is XM good and safe?

XM is a very safe and reliable broker with 4 regulatory licenses: CySEC (Cyprus), ASIC (Australia), DFSA (Dubai), and IFSC (Belize). It has segregated client funds, Negative Balance Protection, and has been operating since 2009 with over 15 million accounts worldwide.

Q2.What is XM's minimum deposit?

XM has a $5 minimum deposit for all account types (Micro, Standard, Ultra Low, Zero) except Shares account which requires $10,000. For beginners, we recommend starting with a Micro or Standard account with $50-$100.

Q3.What bonuses does XM offer?

XM offers multiple bonuses: (1) $30 No Deposit Bonus — receive $30 free without deposit (2) 100% Deposit Bonus up to $500 (3) 20% Deposit Bonus up to $4,500 — total bonus up to $5,000. Plus XM Loyalty Program for earning bonus points.

Q4.How long does XM withdrawal take?

XM processes withdrawals within 24 business hours. E-wallet methods like Skrill and Neteller are faster. Thai bank transfers take 2-5 business days. Crypto withdrawals take 10-30 minutes. No withdrawal fees.

Q5.What is XM's maximum leverage?

XM offers maximum leverage of 1:1000 for Micro, Standard, and Ultra Low accounts. Zero account has 1:500 max leverage, and Shares account is 1:1. Leverage adjusts based on position size. Beginners should not use leverage above 1:100.

Q6.Which is better, XM or Exness?

It depends on your needs. XM is better for bonuses ($30 free + 100% Deposit), education (daily live webinars), and Loyalty Program. Exness is better for low spreads (0.0 pips), instant withdrawals, and unlimited leverage. For beginners wanting to learn, XM is better. For lowest costs, Exness is better.

Q7.Does XM support Thai banks?

Yes, XM supports deposits and withdrawals via Thai banks through Internet Banking. Minimum deposit $5 with no fees. It also supports credit/debit cards, Crypto, Skrill, Neteller, and SticPay.

Q8.Is XM suitable for Scalping?

Yes, especially the XM Zero account with 0.0 pips spread and $3.5/lot commission. XM allows Scalping, Hedging, and EA Trading on all accounts. For lower commissions, consider IC Markets ($3/lot) or HFM ($3/lot).

Verdict: Is XM Good? Worth It?

4.7/5

Overall review score

XM is an excellent and worthwhile broker for traders wanting high bonuses and the best education. Its standout features are $30 free + 100% Deposit bonus up to $5,000, daily live webinars, and XM Loyalty Program.

The main drawbacks are higher Standard account spreads than Exness and non-instant withdrawals. But for beginners wanting to learn from daily webinars and high welcome bonuses, XM is an excellent choice.

Risk Warning

Forex and CFDs trading involves significant risk. You may lose your entire investment. Information in this article is for educational purposes only, not investment advice. Links are affiliate links. Bonuses have terms and conditions, please check details before signing up.

Compare Brokers

Exness Review 2026

IC Markets Review 2026

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