XM App Review

Hello and welcome to our review of the XM Mobile Trading Point App. The app is available for IOS, Google Play & Android and provides traders with an advanced, yet simple to use trading platform. XM is one of the largest brokers in the world, and as expected, their mobile app is one of the best in the world. Without further ado, let’s get on with the review.

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work
and whether you can afford to take the high risk of losing your money.

General Information
AppXM – Trading Point
Website URLxm.com
IntrumentsForex, Stocks, Commodities, Indices, Metals, Energies
Trading PlatformsWeb & Mobile Apps
Minimum Deposit$5
Maximum Leverage30:1 – This is the maximum leverage for clients registered under the EU and AU regulated entity of the group. Leverage depends on the financial instrument traded.
Demo AccountYes
XM Trading Point App

What is XM?

Founded in 2009, XM is a multi-asset online regulated brokerage firm based in Cyprus which offers unparalleled trading services to clients in multiple countries, on various different platforms. One of the main reason people enjoy using XM to trade is due to the high reputation it has built as well as the vast selection of instruments available to trade. XM offers brilliant accessibility, functionality and variety, making it one of the most popular trading apps available on the market today.

Download XM.com App

In order to download the XM.com app for IOS, Android and Google Play, use the relevant instructions listed below. The app is available for all devices and is 100% free to download and install. It’s also incredibly modern and responsive, which is extremely important in my personal opinion.

How to Download XM on IOS

The XM IOS App is free and only takes a few moments to install. To download the XM app, you’ll need an IOS device, active internet connection and an Apple ID. Once you have all those, use the following steps to download the IOS XM Trading App.

  1. Register for a free XM account on the official xm.com website
  2. Open the Apple App Store on your device
  3. Go to the Search tab and enter ‘XM Trading Point
  4. Select the correct app from the results and click ‘Get
  5. Wait for the app to install
  6. Open the app, sign in with the details you created in step 1
  7. Make a deposit and start trading, it’s that easy

Install XM on Android (Google Play)

Android was bought by Google recently and as a result, you have to use the Google Play Store to download the XM Trading App for both Google Play & Android devices. This is a simple process which you can complete in a few moments.

  1. Sign up for a free general XM traders account here
  2. Go to the Google Play Store on your device
  3. Search for ‘XM Trading Point
  4. Select the right app and press install
  5. Wait for it to complete, then sign in, deposit and trade


There is no official APK for XM.com, be careful when you see any website providing an APK file for XM, it is most likely fraudulent and may cause you to lose funds. I know this because XM does not mention it anywhere on their website.


Is XM legit?

With the insane amount of Forex & Stock trading scams out there, it’s more important than ever to properly asses whether or not a broker is legit in order to determine whether or not you should use them to trade. At the end of the day, you want to make sure that you’re money is safe on the trading app.

Yes, as far as we know, XM is a legitimate trading platform. They are recognised as one of the largest brokers in the world and have received multiple awards over the years. They also have over 10 years of experience in providing retail and institutional clients with access to simple/advanced financial instruments.

On the other hand, it’s always best to do your own due diligence when deciding on a trading broker rather than trusting a third party website.


Any company which provides access to financial markets legally has to be regulated in order to serve clients in most jurisdictions. If a broker is not regulated, it is usually a red flag and you should use them with caution. With that in mind, let’s take a look at the regulatory situation of XM as a global broker.

According to its website, XM Group has 3 main regulation licences:

  • CySec (Main EU Trading Licence)
  • ASIC (Australian Licence)
  • FSC (Belize Licence)

I looked into each licence they claimed to have and found that they are all official and legit. Therefore, I can conclude that XM is a regulated and safe broker.

In addition to regulatory licences, XM also has several Registrations for Outward Passporting allowing them to operate in other countries legally. They are as follows:

  • FCA
  • BaFin
  • CNMV
  • MNB
  • ACPR
  • KNF
  • AFM
  • FI

To summarise, XM is widely accepted as a legitimate broker for the trading of Forex, Stocks, Indices and more. If you’d like to learn more about XM’s regulation, visit xm.com.

App Features

Now that we have looked into the legitimacy of XM as a broker, it’s time to assess the features offered on the mobile apps, as ultimately, this is why you’re here, right?

To no surprise, the XM mobile app is packed full of useful features which make your trading experience one of the best on the globe. By trading on the mobile app, you can expect to experience the same experience that you would on the main XM desktop trading platform.

Live Prices

As you’d expect from any trading app, you can check the live prices of all instruments available on XM under the ‘Quotes‘ tab. You don’t have to even refresh this page, it automatically does it for you. This feature is handy as it lets you quickly scan over the pairs you are interested in at any time during the day. It means that you don’t have to go on the web and look up the prices of pairs anymore, it’s all done within the XM.com app. You can add and remove pairs to your personalised watchlist whenever you like, ensuring that you only see the ones you want/need to which in turn, removes any distractions thus streamlining your focus.


View any financial pair with XM’s advanced, yet intuitive in-built charts in the XM.com app. The default charts are candlesticks, but you can change this in the app settings page, the available chart types are; Bar Chart, Candlesticks & Line Chart. The charts on the XM app are completely responsive, enabling you to see historic price movements as well as zooming out to see the bigger picture. Having done my fair share of trading over the years, I know how useful this is, there is nothing worse than un-responsive trading charts. If you need something a little more customisable than the in-built XM charts, you can always download the free TradingView App as well, it offers more flexibility.

Dark Theme

Yes, you read that right – the XM Trading Point App has a dark theme meaning that you can change the colours of the app with the touch of a button. This is a nice extra which you don’t really see with other trading apps. To enable/disable the dark mode on the XM trading app, go to your account settings and toggle the button labelled ‘Dark Theme‘.

Dark Mode on XM App

Demo Account

This is incredible, really, you don’t often see brokers offering a 1-click demo account without any registration or information requests. After you’ve downloaded the XM.com app, you can open a demo account in less than 5 seconds just by tapping the ‘Start as Guest‘ button – it’s that simple. The demo account on XM is €100,000 and offers up to 30:1 leverage. By using the XM demo account (guest mode) you can really get a feel for the app without having to risk any capital, it’s a win-win.

Account Types

In order to cater for the large array of different traders, XM offers multiple different account types with varying features and limits. XM has 3 main account types; Micro, Standard and Zero. Let’s take a deeper look into each account and find out exactly how they vary and which is best for which type of trader.

Micro: Best for small-time traders

The micro account on XM does exactly what it says on the tin, it offers trading services for micro amounts of capital. With a small minimum deposit amount of $5 and a 0.01 minimum lot value, you can get started trading with this account for the same price as a coffee in New York. This makes the XM Micro account ideal for traders not looking to invest a huge amount of money into their trading game. It can also be good for beginner traders as it doesn’t require much capital up-front. It’s nice to see XM including traders with small balances – not everyone has $1000s spare to trade with. To sign up for an XM Micro account, go to xm.com.

Standard: Best for general traders

The Standard account by XM is appropriate for almost every trader. As you’d expect, it is the most standard and basic account offered by XM and offers all of the main features of a trading account. The Standard XM account also offers a $5 minimum deposit, like the Micro one listed above. The main difference between the Micro & Standard accounts is the lot size; Micro is 1,000 and Standard is 100,000 – meaning that you can trade with more capital, more frequently. This account is ideal for any trader from the novice right through to the advanced. If you’re not going to be trading with millions of $, stop reading and open a free account here – you won’t need to know about the next account type.

Zero: Best for bankrollers

The XM Zero account offers a more professional and advanced trading experience for clients looking to participate with more weight. Just because you can trade with big balances, it doesn’t mean that you have to deposit a lot either, you can deposit onto a Zero account with a little as $5 – making this a very accessible account for lots of traders. One of the differences which may restrict you from using this account is the lower range of base currencies available, there are only three with this account; USD, EUR & JPY as opposed to the 5/6 offered on aforementioned XM accounts. Open an XM Zero account over at xm.com.

Funding your XM account

Once you’ve decided on which account you’re going to open on the XM.com app, it’s time to deposit into your account so that you can start trading and testing out all of the cool features it has to offer. For information about depositing on XM, continue reading.

Deposit Methods

Like many other brokers, XM makes it easy for users to deposit onto their accounts so they can have a hassle-free experience. The deposit methods available on XM are:

  • Credit Cards
  • Debit Cards
  • E-Wallets
  • Bank Wire
  • Local Bank Transfer

Minimum Deposit

In comparison to other regulated brokers, XM has an ultra-low minimum deposit of only $5 on Micro & Standard accounts which is great as it allows you to start trading on the web or mobile apps without having to commit much capital up-front. If you decide to open an XM Zero account, the minimum deposit is $100.

Deposit Times

The length of time it takes for a deposit to clear on XM depends on the deposit method you choose. As a general rule, e-wallets and credit cards should complete in under 24 hours, and bank transfers can take anywhere up to 7 days. If you want to deposit onto XM quickly, use a digital payment method of some sort rather than a bank wire/transfer.

Does XM support PayPal?

No, XM does not offer PayPal deposits or withdrawals, although you can use many other e-wallets and payment methods to make transactions with the broker.

XM and PayPal

Cashing out on XM

Whether you’ve made it big or lost money, you’ll need to get your money off XM at some point. If you’d like to learn about how you can withdraw from XM as well as the limits and fees, keep scrolling!

Withdrawal Methods

For the majority of brokers, the withdrawal methods are almost always identical to the deposit methods offered and you can only usually withdraw using the same method that you used to deposit. XM is no different, the withdrawal methods are the same as the deposit methods which I have listed above for you.

Are there any withdrawal fees on XM?

No! There are no withdrawal fees on the XM Mobile & Desktop trading apps so long as you withdraw at least $100 (Moneybookers) and $200 for credit/debit cards. I was actually pretty surprised to see this, usually, brokers don’t offer this, so that’s something to take into consideration when deciding whether or not XM is the right trading platform for you.

How about limits, are there any?

In short; yes. According to XM.com, the minimum withdrawal is $5 USD although there is no maximum withdrawal that I was able to find. This means that if you do make millions, you should be able to cash out with no problems whatsoever.


You’re probably wondering what you can trade on the XM trading app, now that you know it is pretty easy to get started. Well, you’re in luck, XM offers several different types of instruments, although, I was disappointed to see that Cryptocurrencies weren’t on the list. If you’re looking for a safe trading app to trade Bitcoin and other cryptos, check out Trading 212. The instruments offered on the XM Web & Mobile apps are:

  • Forex
  • Stock CFDs
  • Indices
  • Precious Metals
  • Energies
  • Commodities
  • Shares

Bonuses & Promotions

As a regulated broker in the EEA, XM is unable to offer any bonuses. On the other hand, they do offer select promotions including 0% fees on deposits and withdrawals as well as a free VPS service.

XM Promotions

Promo Codes

Due to the aforementioned reason, there are no valid XM promo codes, any website telling you otherwise is lying and just attempting to get money from you signing up with their affiliate link – beware.

Customer Support

Support can make or break a broker. Therefore, it is important that we check out the support methods offered as well as the availability of said support channels. The XM support team is available 24/5 (GMT Timezone).

XM support is available in 25 different languages and supports over 196 different countries. You can get in touch with XM support by using the following methods:

  • Live Chat
  • Email
  • Phone


To summarise, the XM app is brilliant for those looking to trade on a modern app which is easy to use and quick to get started with. The highlights for me are the low minimum deposit of $5 and the speed of the support offered. If you’d like to get started on XM with a risk-free account, sign up at XM.com.


It’s normal to have more questions about trading brokers, here are some of the most common questions, answered by us: