XM Review 2025: How to Open an Account & Withdraw Money?

Note: XM does not provide services to citizens of the United States of America, Canada, Israel and the Islamic Republic of Iran (and other sanctioned countries).

If you are not a resident of the above countries and have an interest in XM, you can first have a quick look at XM's key points via the table below and then continue reading the body part to learn more about its accounts and withdrawal. We hope this article is helpful to you.

	XM at a Glance
Founded	2009
Registered	UK
Regulation	ASIC, CySEC, FSC (Offshore), DFSA
Security Measures	Account segregation, negative balance protection, two-step authentication, investor protection schemes
Trading Instruments	1,400+, forex, commodities, precious metals, shares, Turbo stocks, equity indices, energy, thematic indices
Demo Account	✅
Islamic Account	✅
Account Type	Standard, Ultra Low, Shares
Account Minimum	$5
Maximum Leverage	1:1000
Spread	From 0.8 pips
Trading Platform	MT4/5, XM App
Deposit & Withdrawal Fee	❌ (except on withdrawals via bank wires below $200 or equivalent)
Inactivity Fee	✅(10 USD monthly)
Bonus	20% deposit bonus up to $2,000

XM Account

Demo Account

XM offers demo accounts, which provide a risk-free way of testing your trading strategies in a simulated environment using virtual funds.

You can use your XM Demo account for as long as you like, but, if it remains inactive for over 60 days, it will be closed automatically. Even if this happens, you can open a new Demo account anytime. You can also have up to 5 active Demo accounts anytime.

Although a demo account includes all the same features and functionality as a real account, keep in mind that trading in a simulated environment is different to trading under real market conditions, mainly because of the psychology involved. Remember this when evaluating your performance on your demo account.

Account Types

Apart from free demo accounts, XM also offers three real account types, Standard, Ultra Low, and Shares, which provide you with access to live markets, where you trade using your funds.

The accepted currencies include USD, EUR, JPY, GBP, AUD, CHF, and ZAR.

Most brokers offer the Standard account, and so does XM. XM Standard account requires a minimum deposit amount of just $5, which is very friendly for beginners.

However, if you are a beginner, we recommend the XM Ultra Low account, which is equipped with more competitive trading conditions than the Standard account. For example, the EUR/USD spread starts from 1.6 pips on the Standard account, while starts from 0.8 pips on the Ultra Low account. Besides, the Ultra Low account can enjoy swap-free trading while the Standard account can't.

XM also offers a Shares account, which is specially for share traders. But demo trading is not available for this account type and you have to pay an unspecified commission.

You can view the table below to quickly understand the similarities and differences between the three account types.

You can have up to 10 active trading accounts, and 1 Shares account, open simultaneously.

If your account has no activity – including trading, deposits, withdrawals, internal transfers, opening additional accounts, and registration activity for more than 90 days, your account will be dormant.

Once an account becomes dormant, any remaining bonuses, promotional credits, or XMPs associated with it will be automatically removed. All dormant accounts are charged a monthly fee of 10 USD, or the full amount of your available balance in cases where it is below 10 USD. If your available balance is zero, no fees will be charged.

For further reading, you can directly visit https://www.xm.com/help-center/trading-accounts/are-all-instruments-swap-free-for-ultra-low-account-holders

How do I Open an XM Account? (6 Steps)

Opening an XM account is simple, just follow the steps below:

Step 1: Go to XM's website and click on the 'Get Started' button or the 'Get Your Welcome Bonus' button.

Step 2: Fill in the required information, including your country of residence and email address. Set a password. If you have a Partner Code, you can enter it. Tick that 'I consent to receiving marketing communications and to the use of my data for marketing optimization and ad personalization purposes. My consent may be withdrawn at any time.' Then click the 'Register' button.

Step 3: Check your email.

Click the 'Verify Email' button.

Step 4: Now you can see your Members Area, as the screenshot below shows. Click the 'My Accounts' in the left-hand navigation.

Then click the 'Open Additional Account' on the right. Choose the account type you want to open, real account investor account, or custom demo account.

Here, we select the 'Custom Demo Account' as an example. We always advise beginners to start with a risk-free demo account.

Step 5: Select your demo account type, demo Standard or demo Ultra Low Standard. Choose the leverage ratio (1:1 - 1:1000), base currency (USD, EUR, JPY, GBP, AUD, CHF, ZAR), and investment amount (10,000 - 5,000,000). Then click the 'Continue' button.

Step 6: Create a password for your trading account. Then click the 'Complete button.

Your demo account is ready!

XM Deposit & Withdraw

XM supports deposits and withdrawals via credit and debit cards, bank transfers, e-wallets, etc. Once you open your XM account, simply visit the 'Funding' section in the Members Area to view all the payment methods available.

The minimum deposit/withdrawal amount is $5.

XM charges no fees on all deposits or most withdrawals except on bank wires below $200 or equivalent.

All deposits are automatically converted into the base currency of your trading account, so, you can deposit money in any currency you like. However, Exchange rates may be applied. This may be done by XM or the payment processor. For example, when it comes to credit or debit card transactions, these are handled by the processor and are out of XM's hands. The rates XM uses are quoted by currency exchangers and can be seen in the Members Area.

Withdrawal requests are processed instantly by XM's Artificial Intelligence Back Office System, based on algorithmic parameters. Youll receive your money immediately, or on the same day your request is executed. Withdrawals via bank wire, credit or debit card usually take 2-5 business days to reach your account.

For further reading, you can directly visit https://www.xm.com/help-center/deposits-withdrawals/is-the-money-i-deposit-with-xm-safe

Is XM Legit and Safe?

Yes. XM is a legit brokerage with top-tier regulations, including the Australia Securities & Investment Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Commission (FSC) in Belize, and the Dubai Financial Services Authority (DFSA).

You can verify XM's regulatory status and explore more details on WikiFX.

Regulated Country	Regulated by	Current Status	Regulated Entity	License Type	License No.
	ASIC	Regulated	TRADING.COM MARKETS PTY LTD	Market Making (MM)	000443670
	CySEC	Regulated	Trading Point of Financial Instruments Ltd	Market Making (MM)	120/10
	FSC	Offshore Regulated	XM Global Limited	Retail Forex License	000261/397
	DFSA	Regulated	Trading Point MENA Limited	Retail Forex License	F003484

Your funds are kept in segregated accounts with well-established, highly reputable Banking Institutions. Besides, negative balance protection and two-step authentication are available. XM also offers investor protection schemes -- FSCS (up to £85,000) for UK clients under XM UK (regulated by FCA).

Compare to Similar Brokers

We compared XM's key points (regulation, product offering, demo account, account minimum, maximum leverage, trading platform, copy/social trading, promotion, and suitable traders) with three similar brokers, Exness, HFM, and FXTM. See a more detailed comparison of XM alternatives below:

Logo
Broker	XM	Exness	HFM	FXTM
Regulation	ASIC, CySEC, FSC (Offshore), DFSA	CySEC, FCA, FSCA, FSA (Offshore)	CySEC, FCA, DFSA, FSA (Offshore)	FCA, FSC (Offshore)
Product Offering	1,400+, forex, commodities, precious metals, shares, Turbo stocks, equity indices, energy, thematic indices	CFDs on forex, commodities, stocks, indices, cryptos	CFDs on forex, metals, energies, stocks, indices, bonds, commodities, ETFs, cryptocurrencies	Forex, metals, commodities, stocks, indices, cryptocurrencies, and CFDs
Demo Account	✅($5,000,000 virtual funds)	✅($10,000 virtual funds)	✅	✅
Account Minimum	$5	$10	$0	$/€/£200
Maximum Leverage	1:1000	1:Unlimited	1:2000	1:3000
Trading Platform	MT4/5, XM App	MT4/5, Exness Terminal, Exness Trade app	MT4/5, HFM Trading App	MT4/5, mobile trading
Copy/Social Trading	✅	✅	✅	❌
Promotion	✅	❌	✅	❌
Best for	Beginners	Beginners	Beginners	Experienced traders

FAQs

Is XM a trusted broker?

Yes. XM is a trusted broker with a good reputation and many top-tier regulations.

Does XM offer demo accounts?

Yes. You can find detailed information in the 'Demo Account' section.

Which XM account is best for beginners?

The Ultra Low account is best for beginners for its low minimum deposit and low trading fees.

What is the minimum deposit for an XM account?

Just $5 for the Standard and Ultra Low accounts, while up to $10,000 for the Shares account.

Can I withdraw a bonus on the XM platform?

No, all bonuses XM offers are for trading purposes only, and cant be withdrawn. They are offered to help you open larger positions and maintain them.

Profits earned using the bonuses, however, can be withdrawn at any time. Do keep in mind though, that withdrawing funds will lead to a proportional removal of your trading bonus.