XM

Maximise XM Broker Earnings with Cashback Bonuses

Every trader who registers their XM broker account via STIC Cashback will benefit from the associated cashback service and bonus program. For every completed trade, cashback is credited to your account based on a percentage of trading volume.

Traders can also benefit by combining cashback bonuses with other exciting offers from XM Global.

XM Broker Background and History

Founded in 2009 and headquartered in Cyprus, XM Global is a leading broker investment firm with offices worldwide and more than 10,000,000 clients. Their workforce consists of 1000+ professionals with extensive experience in the financial industry.

As a multi-award-winning broker and leading name in online trading, XM Group received the following accolades in 2024 alone:

• Outstanding Global Forex Broker by Capital Finance International Magazine

• Outstanding Customer Service Global by Capital Finance International Magazine

• Best FX Service Provider by City of London Wealth Management Awards 2024

The broker has received more than 30 awards since their inception, including Best FX Broker, Europe and Best FX Broker, Australasia from the World Finance Forex Awards in 2023.

XM Global have also been recognised by UK-based organisation Investors in People for their efforts in developing people to realise their full potential and achieve their goals.

XM Broker Regulation and Safety

XM Global are regulated and licensed under company name, Trading Point of Financial Instruments Ltd, by the Cyprus Securities and Exchange Commission (CySEC).  They are also registered with the Financial Conduct Authority (FCA) in the United Kingdom.

Thanks to stringent operations and partnerships with investment-grade banks, XM operate using strict safety measures. These include segregated accounts, negative balance protection, SSL technology for withdrawals/deposits and a risk management process designed to cater to all types of traders.

XM also collaborate with a range of liquidity providers to offer the best spreads and liquidity in line with the live markets. Notably, they have a no-requotes and no extra commissions policy to protect client funds.

XM Global are also a member of the Investor Compensation Fund.

XM Broker Account Registration, Verification and Login

In order to start trading and benefit from the XM cashback bonus, traders will first need to set up their XM account and create their profile. This is a fast, fully digital process including verification (proof of ID and proof of residence). Most accounts are set up and ready for trading within 24 hours and often much more quickly.

Once account setup is complete, traders need to register their account details to receive cashback. They will need to set up and register an account with STIC Cashback. Finally, they need to confirm that their trading account is approved in the ‘My Cashback’ menu.

Account Options at XM Broker

XM offer three account types: Ultra Low Micro, Ultra Low Standard and XM Zero. All account types have a $5 minimum deposit and optional Islamic account add-on.

Ultra Low Micro and Ultra Low Standard account holders work with the same base currencies (EUR, USD, GBP), spreads on all majors as low as 0.8 Pips and a maximum of 300 open/pending positions.

For those new to trading or who wish to experiment with different strategies, the XM demo account is an ideal way to test your trading potential without any risk or pressure.

XM Trading Platforms

XM trading is offered solely via the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms with no option for proprietary trading. Multi-asset trading is only available on MT5 accounts but Forex trading is available on all XM platforms.

These high-powered platforms can be accessed on web, desktop and mobile. Users benefit from the full MetaTrader suite, including copy trading features, advanced charting capabilities and daily technical/fundamental Forex market analysis with detailed insights.

Trading signals and comparative analysis allow users to recognise trends and chart the patterns of multiple assets to identify key opportunities and make strategic decisions. Additional functionality includes one-click trading, price alerts, multilingual customer support and algorithmic trading.

XM Trading Instruments

XM trading covers a wide range of instruments including Forex trading (50+ global currency pairs), CFDs, stocks, commodities, equity indices, thematic indices, precious metals, energies and shares.

They offer variable, tight spreads as low as 0 pip to all clients. Spreads on all majors start from 0.8 pips on the Ultra Low Micro and Ultra Low Standard accounts. There is no commission on these accounts but the XM Zero account is subject to commission.

XM also offers fractional pip pricing to get the best prices from its liquidity providers and help clients benefit from even the smallest price movements. Their lowest spreads are offered on share CFDs with more average spreads on commodities and indices.

XM Trading Conditions

XM provide leverage from 2:1 up to 30:1 depending on the instrument traded. Real-time risk exposure monitoring works to support traders. There are also no changes in margin requirements overnight or at weekends.

They offer an exceptionally fast and reliable order execution rate with 99.35% of all orders executed in less than 1 second. Thanks to a no re-quotes and no rejection of orders policy in place since 2010, XM has a 100% execution rate, making slippage virtually impossible.

XM Forex Fees and Costs

XM charges a Forex trading commission of $3.50 per lot per trade to XM Zero account holders.

When it comes to spreads, the XM website also has a detailed breakdown of typical Forex trading spreads and conditions by account type.

Deposits and withdrawals with XM are free of charge, however, third-party banking fees may apply. The broker charges an inactivity fee on dormant accounts.

XM Broker Deposit and Withdrawal Methods

XM offer both deposit and withdrawal using the following methods:

• Credit/debit card

• E-wallet

• International bank wire transfer

• Local bank transfer

The first deposit must be via card in order to be able to enable subsequent deposits via alternative methods. There are no fees due on deposits or withdrawals. For international bank wires, XM cover all fees imposed by the bank for all transactions equal to or greater than $200 (or the currency equivalent).

Withdrawal requests are processed instantly. Withdrawals via bank wire, credit or debit card usually take 2-5 business days.

XM Forex Customer Support

XM offer multi-lingual customer support from a dedicated customer experience team available Monday-Friday. Agents speak more than 25 languages including English, Greek, Simplified & Traditional Chinese, Russian, French and Arabic. They operate a number of telephone support lines in both Cyprus and Australia.

Customers can also choose the XM live chat option or to contact the broker via email. The XM website includes an in-built Help Center, with a wealth of information and educational resources including answers to FAQs, Forex webinars and tutorials.

XM Forex FAQs

How long does XM withdrawal take?

Withdrawal requests are processed instantly. Withdrawals via bank wire, credit or debit card usually take 2-5 business days.

What currencies can I trade with?

XM offer upwards of 50 currency pairs including majors, minors and exotics

What is the minimum deposit?

The minimum deposit for all accounts is $5.

What is the XM margin calculator?

XM offers a variety of Forex calculators to support traders in their journey. This includes the margin calculator to calculate the margin needed to open and hold positions. They can also access the Swaps calculator, profit and loss calculator, pip value calculator and all in one calculator. Together these help traders to understand more about potential risks, profits and losses.

Do XM trading platforms support Expert Advisors (EAs) or trading robots?

Yes, both the MT4 and MT5 platforms allow you to trade using EAs or trading robots.