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February 20, 2025

XM Exchange (Or also known as XeMarkets) is an international online forex broker founded in 2009. Headquartered in Cyprus, XM offers a variety of trading services to users globally, including forex, CFDs on indices, commodities (gold, crude oil), cryptocurrencies and stocks. In the article below, I will evaluate XM in detail, its advantages and disadvantages, and specific information about this forex broker. Let's go into detail about what XM floor is below!

Review of XM trading platform Forex and foreign exchange 2025

XM is a reputable international foreign exchange exchange, operating since 2009 with headquarters in Cyprus. The exchange has quickly affirmed its leading position in the global financial market, serving more than 10 million customers from 190 countries.
With a team of more than 900 experienced experts, XM is committed to providing high quality service and customer support in 30 different languages. XM promotes transparency and efficiency in trading, demonstrated through information disclosure, quick order execution, no order rejections and no re-quotes.
These factors have created trust and attracted many investors to choose XM as a reliable trading partner in the international financial market.

High reliability: Regulated by 6 reputable financial authorities (ASIC, CySEC, IFSC, FSCA, FSC, FCA), ensuring a safe and transparent trading environment.
Competitive transaction costs: Free deposits/withdrawals.
Attractive offers: Deposit bonuses, referral programs, loyalty programs.
Product diversity: More than 1,000 trading instruments, meeting the diverse needs of investors.
Professional customer support: 24/7 support via multiple channels.
Rich educational resources: Provide necessary trading knowledge and skills for both new and experienced investors.

Regional Restrictions: Some countries are not allowed to trade on XM.
Spread: The spread of the standard account is higher than some other brokers.
Average Spread: Not clearly stated average spread for ultra low accounts.
Forex Portfolio: Average number of currency pairs traded.
Investor protection: Not applicable to non-EU residents.

Open XM registration page. Fill in the registration form with your country of residence, email, and password. Tick the agreement column, then click "Register".

A notification will appear for email verification.

Please open your email and click "Verify". Then, you will be redirected to XM dashboard.

In the email, you will also get the MT IDs for XM demo and real accounts.

Congratulations, your XM account has been successfully created. Your client area will look like this.

To enjoy unlimited access to all XM features, you need to verify your data. Here are the steps:

Open your XM Client Area, then click "Verify Now".

Fill in your full name, date of birth, and phone number. Once all columns are filled, click "Continue".

Next, complete your profile details, starting with country of residence, address, city, and postal code. Once finished, click "Add Financial Details".

Upon receiving questions about your forex or CFD trading experience, answer "Yes" if you have any knowledge and experience in forex trading, and "No" if you are a complete beginner.

Next, upload the documents required to verify your personal data.

Select the document you want to use for verification. You can use your ID card, SIM, or Passport. For ID card verification, please click "Identity Card".

Then, select the method for uploading the file. You can use mobile (smartphone) or webcam (PC). Please click "Continue on mobile" if you choose to upload via smartphone. With this option, you will be directed to upload a file via a link that can be scanned or with email.

Wait for your documents to be verified by XM broker.

If the verification is approved, your account will have a "Verified" mark in the Client Area.

That's all for the guide on how to open an account at XM broker and verify it. If you experience difficulties during account opening or verifying, please contact XM customer support on their website.

Forex trading is a high-risk financial instrument that may not be suitable for every trader or investor.
It is important to carefully assess your investment objectives, level of experience, and tolerance for risk before choosing to trade Forex or any other financial instrument.