Broker Review
XM
Best for beginners & trading bonuses
Min Deposit
$5
Max Leverage
1:1000
Spreads
From 0.6 pips (Ultra Low)
Founded
2009
Headquarters
Limassol, Cyprus
Overview
XM is a great fit for beginners who want to start trading Forex without depositing real money up front. The standout feature is the free $30 no-deposit bonus for new accounts, letting you start trading immediately. XM also invests heavily in education, with free Thai-language seminars and a wide library of learning material.
Pros
- Free $30 no-deposit bonus for new accounts
- Free Thai-language seminars and learning material
- Stable platform — beginner-friendly
Limitations
- Spreads higher than ECN brokers
- Bonus withdrawal terms are fairly complex
Regulation / Licensing
- CySEC (Cyprus)
- ASIC (Australia)
- FSC (Belize)
- DFSA (Dubai)
Supported Platforms
- MT4
- MT5
- XM WebTrader
- Mobile App
Sources / References
Other brokers
Risk Warning
Forex and CFD trading carries high risk. You may lose your entire investment. Information on this page is gathered from public broker and regulator sources. Please verify current information on the broker's official site before deciding.