XM Market is a fully regulated broker and is currently the best and most trusted forex broker in the world with more than 200+ instruments.
- Offers 1,429 CFDs, including 55 forex pairs.
- Trading Central's tools and content complement XM Group's in-house research offering.
- XM Group's in-house broadcasting features TV-quality video content and live recordings.
- Offers the full MetaTrader suite — which features signals market for copy trading, along with Analyzzer algorithm.
- XM has serviced over 10 million clients since its inception, executing over 2.4 billion trades since 2009.
- Standard account spreads are expensive compared to industry leaders.
- Average spreads are not published for the commission-based XM Zero account.
- Though MetaTrader is available, XM Group doesn't offer any proprietary trading platforms.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.33% 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.
XM Group is a MetaTrader-only broker that offers an outstanding selection of high-quality educational content and market research.
XM Group is considered Trusted, with an overall Trust Score of 88 out of 99. XM Group is not publicly traded, does not operate a bank, and is authorised by four Tier-1 regulators (Highly Trusted), one Tier-2 regulator (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). XM Group is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC), Financial Conduct Authority (FCA), Commodity Futures Trading Commission (CFTC), and the European Union via MiFID. Learn more about Trust Score or see where the different XM entities are regulated.
Review Methodology
At Topoin.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research and detailed forex guides, and we monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.
We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points.
Some of the other important research categories that are factored into our testing include mobile trading accessibility and capability, availability of market research and educational content, and each broker’s overall Trust Score.
All content on Topoin.info is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry.
Topoin.info 2023 Annual Awards
For the Forex Brokers 2023 Annual Awards, brokers were evaluated against ForexBrokers.com’s 8 Primary Categories: Commissions & Fees, Offering of Investments, Platforms & Tools, Mobile Trading Apps, Research, Education, Trust Score, and Overall.
Best in Class honors were awarded to the Top 7 forex brokers in each of the following areas: Beginners, Social Copy Trading, Ease of Use, MetaTrader, Algo Trading, Crypto Trading, and Professional Trading.
