Forex & CFD Trading with XM from Luxembourg

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.31% 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.



HQ: Cyprus

YEAR: 2009



CLIENTS: +2,500,000


XM: Online Broker in Forex and CFDs

A good alternative to investing at the local Stock Exchange (where you can only access instruments that are traded locally), is through the online trading platforms offered by XM, which has been classified by many analysts as one the best online trading platforms for Forex and CFDs.

XM is an Online Forex and CFD Broker available for clients residing in Luxembourg, with has one of the largest penetrations in the market, since it offers a large number of currency pairs and CFDs of international financial instruments. Among their offering, a trader is able to invest in stocks, indices, metals and energies. Among the platforms that the broker offers, one may find MetaTrader 4 and 5, two of the most popular trading platforms. XM has over 2.5 million accounts from clients based around the world, both for beginner and professional investors.

Is XM a trustworthy broker?

A way to understand if a Broker is reliable is through the strictness of the public entities that regulate it's operations. In other words, if a Broker is regulated by a government entity considered as Top Tier worldwide, it would be a good indicator to demonstrate that it is safe to deposit funds and operate with the platform. XM is regulated in 3 different jurisdictions:

  • In Cyprus, by the CySec (Cyprus Stock Market Commission): Trading Point of Financial Instruments Ltd is licensed by CySEC under license number 120/10

  • In Australia, by the ASIC (Australian Securities and Investment Commission): Trading Point of Financial Instruments Pty Ltd has obtained the Australian Financial Services License by ASIC (number 443670)

  • In Belize, by the IFSC (Belize International Financial Services Commission): XM Global Limited is licensed by IFSC under license number IFSC / 60/354 / TS / 19.

Bearing in mind that XM is regulated by very strict government entities, we can say with certainty that it is a serious firm, given that they comply with strict regulations.

XM's Forex Seminars


XM regularly offers the possibility of attending to forex seminars worldwide. Click here to reserve a seat through this website for free, complementary meal is often included.

Forex & CFD instruments offered by XM

XM's platform offers the following trading instruments:

  • Forex: 55 currency pairs – Majors, minors y exotics.

  • Stocks: XM offers CFDs on Stocks from 17 major Stock Exchanges, among which there are the New York Stock Exchange and Nasdaq, two of the most popular among investors.

  • Commodities: XM offers CFDs on 16 commodities, being Gold and Oil the most popular among traders.

  • Indices: XM offers CFDs on 12 major stock exchanges indices.

XM's Costs and Spreads

XM stands out because it does not charge commissions to negotiate, but instead charges its commissions through the spread (spread = differential of the purchase and sale price of the instrument). Since it has no commissions to negotiate, XM is one of the most accessible Forex and CFD brokers available.

In terms of its total cost of trading, it can be summarized that XM is a broker recommended for Forex and CFD traders seeking to negotiate with MetaTrader platforms, at a relatively low total cost. A plus is that XM does not charge commissions for opening and closing positions, the counterpoint is that the financing costs (overnight cost of maintaining an open position) are of medium range.

XM's Forex & CFD Trading Accounts


Can I open a Forex and CFD account with XM from Luxembourg?


Yes, and the good news is that opening a Forex and CFD trading account with XM from Luxembourg is a process that is carried out online and takes only a few minutes: The process is simple and requires: (a) a Valid ID and (b) a proof of address (electricity, water bills, etc.), which are scanned through the platform. The methods of depositing and withdrawing money are:


  • Credit Card

  • Skrill

  • Neteller

  • International Bank Transfer

  • MuchBetter

  • Klarna

  • Trustly

It is important to emphasize that the Opening of the Demo Account is totally Free, that is, you can open a Demo account, test the platform and then decide whether you will deposit or not. And remember a very interesting fact: To open an account with Real Money, only USD5 is required.


XM's Account Types

XM offers 3 types of accounts: (1) Micro Account, (2) Standard Account and (3) XM Ultra Low Account. The differences between them lie in: (a) the size of the lot, (b) the spread in the main currency pairs, (c) the minimum trading volume and (d) the minimum deposit, which changes for XM Ultra Low accounts (where the minimum deposit is USD50 instead of USD5).

Accounts can be opened in US Dollars (USD), Euros (EUR), British Pounds (GBP), Swiss Francs (CHF) or Australian Dollars (AUD) as the base currency. You can open an account with other currencies as the base but these varies depending on the type of account. Before starting to trade, when opening the account, it is very important to choose the correct base currency and the type of account correctly, since changing it at a later stage could create issues.

Stock Exchange


El contenido de esta web y los servicios que se ofrecen no pretenden ser, no son y no pueden considerarse en ningún caso, asesoramiento en materia de inversión ni de ningún otro tipo de asesoramiento financiero, ni puede servir de base para ningún contrato, compromiso o decisión de ningún tipo. Los CFD son instrumentos complejos y están asociados a un riesgo elevado de perder dinero rápidamente debido al apalancamiento. Entre un 74 y un 89 % de los inversores minoristas pierden dinero cuando comercializan con CFD. Debe considerar si comprende el funcionamiento de los CFD y si puede permitirse asumir un riesgo elevado de perder su dinero. Los USD30 de bono de Trading de XM no están disponibles a residentes en la Unión Europea.