XM
Large-scale global broker offering multiple account types with a focus on education and accessibility for retail traders.
BTI Score
42
Average Transparency
Last reviewed: February 8, 2026
XM publishes regulatory documents and basic trading conditions. The execution model and order routing specifics are not publicly detailed beyond standard disclosures.
User Reviews
Good for beginners, not for serious traders
Alex V.
MT5 · FX
XM's educational content is excellent and the bonus offers are attractive. But as a more experienced trader, I find the execution model opaque. Market maker with no public metrics -- hard to trust.
Smooth experience, fast support
Priya N.
MT5 · FX
I've been using XM for 2 years. No issues with deposits or withdrawals. Spreads are okay on Ultra Low account. Support is responsive. I just don't know anything about how my orders are actually executed.
- CySEC (Cyprus)
- ASIC (Australia)
- IFSC (Belize)
BTI scores reflect transparency of public disclosures as of the last review date and do not constitute an endorsement, recommendation, or guarantee of any broker's services. Trading forex and CFDs carries significant risk. Past disclosure practices do not guarantee future transparency.