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Our score4.5 / 5
Trust & Regulation
4.5
Fees & Spreads
4.2
Platforms & Tools
4.4
Research & Education
4.9
Deposits & Withdrawals
4.7
Customer Support
4.6
Minimum deposit$5
Maximum leverage1:1,000
Spreads from (EUR/USD)0.6 pips
Typical EUR/USD spread (standard account)1.6 pips
Commission (raw / ECN account)$3.50 per side per lot (Zero account)
Execution modelMarket Maker, STP
Minimum trade size0.01 lots (micro: 0.1 micro lots)
Trading platformsMetaTrader 4, MetaTrader 5, Proprietary platform, Web Trader, Mobile App
MarketsForex, Indices, Commodities, Metals, Energies, Stocks, Crypto
Number of instruments1,400+
FeaturesDemo Account, Negative Balance Protection, Segregated Funds, Islamic Account, Copy Trading, Scalping Allowed, Hedging Allowed, EAs / Algo Trading, Free VPS
RegulatorsCySEC, ASIC, DFSA, FSC (BZ), FSCA
License numbersCySEC 120/10, ASIC AFSL 443670, DFSA F003484, FSC BZ 000261/27
Restricted countriesUSA, Canada, Israel, Iran
Deposit methodsBank Transfer, Credit/Debit Card, Skrill, Neteller, Crypto, Local Bank Transfer, Apple Pay, Google Pay
Withdrawal processing timeWithin 24 hours
Deposit / withdrawal feesXM covers most transfer fees
Account base currenciesUSD, EUR, GBP, JPY, CHF, AUD, SGD, ZAR
Support channelsLive Chat, Email, Phone
Support hours24/5
Support languagesEnglish, Arabic, Chinese, Spanish, Portuguese, Indonesian, Thai, and 20+ more
Pros
  • Only $5 to get started, with micro accounts
  • Huge free education and daily webinars
  • Generous promotions for non-EU clients
  • Fast withdrawals and broad payment options
Cons
  • Standard account spreads are above average
  • Bonuses not available under EU/AU entities
  • No cTrader or TradingView integration