XM
Top Tier · FeaturedCashback via TradingEdge

XM

4.4(4,310)
PopularHigh RebateFree Bonus
Founded 2009 · Limassol, Cyprus
Sign up via TradingEdge

Open an account at XM
Earn $11/lot

Trader perks you’ll receive
  • Highest cashback in the market
  • Signal group from the TradingEdge Whale team
  • Daily market analysis
  • News alerts group
  • Trading courses by the Whale team
  • Special licensed gift from the broker
Earn $11 cashback per lot + 50% bonus
Partner Code · Enter at signup
WHALE
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Reviewed by TradingEdgeIC Licensed · Pro TraderLast updated Our methodology

XM is one of the largest forex brokers with 10+ million clients in 196 countries. Famous for its $30 No Deposit Bonus and free educational content for new traders.

Deposit safety & withdrawal

Can I trust XM with my deposit? Yes — here is the institutional protection.

XM has operated for 17 years from Limassol, Cyprus, licensed by 5 financial authorities (ASIC, CySEC, IFSC), with client funds held in segregated accounts and negative-balance protection in place. Official withdrawal time is within 24h, and 90% of formal complaints are resolved — only 18 active complaints in the last 30 days across 4,310 total reviews.

Regulators
5 · ASIC, CySEC, IFSC
Withdrawal time
within 24h
Complaints resolved
90%
Years operating
17 years
Founded 2009 · Limassol, CyprusSegregated fundsNegative-balance protection3 industry awardsOffice verified in person
Trust Verdict
Highly Trusted
TradingEdge team verdict

XM is a highly trusted broker — 2 core regulators and 17 years in business. Great for serious traders.

Strengths / Green Flags
  • Tier-1 license held (2 regulators)
  • 17 years in business — high credibility
  • Office physically verified
  • 90% of complaints resolved
  • Segregated funds + Negative Balance Protection

This verdict is computed from licensing, company age, community reviews, and our own checks — it’s a guideline, not financial advice about XM

Cross-Check Verification
Verify trustworthiness yourself
External links · open in new tab

We recommend you cross-check every detail against official sources — click each license to query the regulator’s public register directly, and read real community reviews.

All links point to official regulator websites / independent review platforms. TradingEdge has no affiliation with these sites — they’re public data for you to verify independently.

Spread
0.6 pips
Leverage
1:1000
Min Deposit
$5
Execution
65 ms
LP
12+
Founded
2009

Highlights

  • $30 No Deposit Bonus — start without funding
  • 10M+ clients in 196 countries
  • 50% deposit bonus up to $500
  • Free educational webinars
  • CySEC + ASIC + FSC + DFSA regulation
In-depth review

Read the full review — account types, deposit/withdrawal methods, asset coverage, and the comparison table on the main page.

See full review

Pros and cons of XM

Pros(4)
  • $30 No Deposit Bonus — start risk-free
  • 10M+ clients, established brand
  • Multiple regulators (CySEC, ASIC, FSC, DFSA)
  • Strong Thai-language support
Cons(3)
  • Spread wider than ECN competitors
  • Rebates paid monthly (not daily)
  • Bonus has trading-volume conditions

Account Types

AccountMin DepositSpreadCommissionLeverage
Micro
1 lot = 1,000 units (Micro)
$5จาก 1.0 pipsไม่มี1:1000
Standard
มาตรฐาน 1 lot = 100,000
$5จาก 1.0 pipsไม่มี1:1000
XM Ultra Low
สเปรดต่ำ ไม่มีคอม
$50จาก 0.6 pipsไม่มี1:1000
Shares
หุ้นจริง CFD
$10,000แตกต่างกัน0.04 / share1:1

Promotions and ongoing perks

All perks you receive when signing up for XM via TradingEdge — no expiry.

Core rebate
$11
per lot · paid Monthly
Credited automatically within 24 hours after the order closes. No request needed, no impact on spread.
All perks included
  • $11/lot rebate, paid monthly
  • $30 No Deposit Bonus on registration
  • 50% deposit bonus up to $500
  • Loyalty program — extra rebates by tier
  • Free webinars + market analysis
Featured promo
Earn $11 cashback per lot + 50% bonus

Rebates are credited directly to your XM account · they do not pass through TradingEdge · withdraw via the broker’s normal channels.

Account opening — step by step

  1. 11
    Click through the TradingEdge link

    Open the broker site via the button above — we tag you as a TradingEdge customer. (xm.com)

  2. 22
    Complete KYC

    Upload Passport / National ID + selfie + proof of address.

  3. 33
    Make your first deposit

    Deposit via Local Bank / Crypto / e-Wallet. (min $5)

  4. 4
    Start trading, earn rebates

    $11/lot · Monthly

In-depth broker information

Complete data per international standards — Company, Regulators, Software, Funds Security, Customer Service.

Company & Legal
BrandXM
Legal EntityTrading Point Holdings Ltd.
HeadquartersLimassol, Cyprus
Founded2009 (17 years)
Websitexm.com
Active countriesTH MY ID VN IN ZA BR
Trading Conditions
Spread from0.6 pips
Leverage1:1000
Min Deposit$5
Min Lot / Max Lot0.01 / 50
Execution TypeMarket Execution / NDD
Average latency65 ms
Liquidity Providers12+
Regulators · Full Detail
  • ASIC
    (AU)
    Regulated
  • CySEC
    (CY)
    Regulated
  • IFSC
    (BZ)
    Regulated
  • DFSA
    (UAE)
    Regulated
  • FSCA
    (ZA)
    Regulated
Funds Security
Segregated Client Funds
Negative Balance Protection
Islamic / Swap-Free account
Scalping allowed
Hedging allowed
News Trading allowed
EA / Algo support
Copy Trading
Trading Software & Platforms
MT4MT5XM WebTraderXM Mobile
Trading HoursMon 00:05 — Fri 23:55 (Server GMT+2)
Server Latency< 65 ms (Equinix-class)
Customer Service
  • Live Chat 24/5
  • Thai language
  • Email Support
  • WebTrader Support
Asset Coverage
FX Pairs
57
Stocks CFD
1,400+
Indices
24
Commodities
13
Crypto
31
Platforms
4
Deposit / Withdrawal
Deposit methods
Visa/MastercardSkrillNetellerTrue WalletKBANK / SCB / KrungthaiBitcoin/USDTWire Transfer
Withdrawal · within 24h
Local Thai BankTrue WalletSkrillVisa/MastercardWire Transfer
Awards & Recognition
  • Global Forex Awards 2024 — Best FX Service Asia
  • World Finance — Best FX Customer Service 2023
  • Online Personal Wealth Awards — Best Forex Broker 2022

People also ask

Is XM legit or a scam?

XM is a legitimate broker — founded in 2009 (17 years operating) from Limassol, Cyprus, licensed by 5 financial authorities including ASIC, CySEC, IFSC, and reviewed 4,310 times with a 4.4/5 score. 90% of formal complaints are resolved, with only 18 active in the last 30 days. The "scam" claims you see online are almost always traders who lost money trading — not the broker refusing to pay withdrawals.

How fast are XM withdrawals in practice?

Official withdrawal time: within 24h · payout frequency: Monthly. XM supports 5+ withdrawal methods including Local Thai Bank, True Wallet, Skrill. Withdrawals to local Thai banks usually arrive within the published window — the most common delays come from incomplete KYC documents, not the broker.

Are my funds safe with XM? (segregated accounts, negative balance protection)

Yes — client funds are held in segregated accounts at top-tier banks, separate from the broker's operating capital. Negative-balance protection is in place, so even in a flash crash you cannot lose more than you deposited. Combined with 5 regulatory licences, this is institutional-grade fund protection.

Can I open a XM account from Thailand?

Yes — XM accepts traders from Thailand. Deposits and withdrawals to Thai bank accounts work via the supported methods (Visa/Mastercard, Skrill, Neteller, etc.). Thai retail traders are usually onboarded under the broker's international entity. Verify KYC requirements (passport / utility bill) before signing up to avoid withdrawal delays.

Can I use EA, scalping, hedging, and news trading on XM?

EA / Algorithmic trading: allowed · Scalping: allowed · Hedging: allowed · News trading: allowed · Copy trading: available · Average execution: 65 ms · 12+ liquidity providers — fast enough for scalping and news strategies.

Is XM regulated in Thailand?

XM is licensed under ASIC, CySEC, IFSC (5 regulators total) — these are Tier-1 international regulators (UK FCA, Australian ASIC, Cypriot CySEC class). No Thai retail forex broker is licensed by Thailand's SEC, because forex CFD retail trading is not formally regulated in Thailand — so traders typically use international Tier-1-regulated brokers like XM. The Tier-1 licence is what protects you legally.

Frequently asked questions about XM

XM is regulated by 5 authorities including ASIC, CySEC, IFSC — Tier-1 globally, available in 100+ countries.

Yes — client funds are held in segregated accounts (separate from the company’s own money). Negative-balance protection is in place, so you can never lose more than you deposit. Combined with 5 licences (ASIC, CySEC, IFSC), this is the standard institutional protection structure.

Minimum deposit $5 for the basic account · Spread from 0.6 pips · Max leverage 1:1000 · Average execution 65 ms

Deposits via: Visa/Mastercard · Skrill · Neteller · True Wallet · KBANK / SCB / Krungthai · Bitcoin/USDT · Withdrawal time within 24h

EA / Algo Trading supported · Scalping allowed · Copy Trading available · Swap-Free account available

When you open a XM account through the TradingEdge link, you earn up to $11 per lot, paid directly to your broker account Monthly — no impact on Spread or Execution.

Editorial verdict8.5 / 10

Our verdict on XM

17 years in market · regulated by ASIC, CySEC, IFSC · scored 8.5/10

XM is a 17-year-old broker headquartered in Limassol, Cyprus, licensed by 5 authorities including ASIC, CySEC, IFSC. Spreads start at 0.6 pips with average execution 65 ms via 12+ liquidity providers. Funds are segregated with negative-balance protection. Sign up through TradingEdge to earn the $11/lot rebate paid monthly.

Risk Disclaimer

Trading Forex / CFDs / Futures involves high risk and may not be suitable for every investor. You may lose all your invested capital — 74-89% of retail traders lose money trading CFDs (per FCA / ESMA reports). Study each broker / prop firm’s rules and your own risk tolerance before deciding.

TradingEdge is an Affiliate / Introducing Broker only and does not provide investment advice. Information on this page is gathered from public sources and may change.

Ready to open an account at XM?

Sign up via the TradingEdge link to receive automatic rebates — no impact on Spread or Execution.

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