Question: Differences between XM Global, XM UK, XM Trading and normal XM brand?
Table of Contents
Differences of XM Brands
XM is an international online FX and CFD broker which has many offices setup and different regulations acquired over 8 years.
Currently XM has several brands within, such as:
- XM (regulated by CySEC)
- XM UK (regulated by UK FCA)
- XM Trading (regulated by Seychelles Financial Services Authority)
- XM Global (regulated by IFSC)
XM accepts traders from all over the world(except some countries which the broker does not accept traders from), the XM brand and regulation which a trader will be managed under, differ depend on the country the trader reside in.
All of the XM brands normally offer the same service, but may be different depends on the regulation.
For more information, please contact XM support team to clarify your category.
Differences of trading conditions
As explained above, there are several different brands within XM Group.
Each of them are regulated and licensed by different financial authorities, and due to the differences, there are also some differences in terms of the trading conditions and the account types.
While it is possible that you cannot choose the XM brand to trade with due to regulatory reasons, we will show you the available account types and the trading conditions of each XM brand.
Note that the available account types and the trading conditions in this page maybe outdated. For the latest information, please visit XM Official Website.
How to open XM’s trading account
1. Trading Account Types of XM Global
| Account Types | Micro | Standard | XM Ultra Low Spread | Shares |
|---|---|---|---|---|
| Account Base Currency | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR | EUR, USD, GBP, AUD, ZAR, SGD | Only USD |
| Minimum Deposit | 5 USD | 5 USD | 50 USD | 10,000 USD |
| Minimum Spread | 1.0 pip | 1.0 pip | 0.6 pips | Depends on the exchange |
| Trading Commission | None | None | None | Certain Commission Charged |
| Trading Platforms | MT4 and MT5 | MT4 and MT5 | MT4 and MT5 | MT4 and MT5 |
| Contract Size | 1 lot = 1,000 units | 1 lot = 100,000 units | 1 lot = 100,000 units | 1 lot = 1 share |
| Maximum Leverage | 1:1000 | 1:1000 | 1:1000 | 1:1 |
| NBP (Negative Balance Protection) | Supported | Supported | Supported | Supported |
2. Trading Account Types of XM Trading
| Account Types | Micro | Standard | XM Zero |
|---|---|---|---|
| Account Base Currency | USD, EUR, JPY | USD, EUR, JPY | USD, EUR, JPY |
| Minimum Deposit | 5 USD | 5 USD | 100 USD |
| Minimum Spread | 1.0 pip | 1.0 pip | 0.0 pip |
| Trading Commission | None | None | $10 per round turn lot |
| Trading Platforms | MT4 and MT5 | MT4 and MT5 | MT4 and MT5 |
| Contract Size | 1 lot = 1,000 units | 1 lot = 100,000 units | 1 lot = 100,000 units |
| Maximum Leverage | 1:1000 | 1:1000 | 1:500 |
| NBP (Negative Balance Protection) | Supported | Supported | Supported |
5 Simple Steps to start Forex trading with XM
3. Trading Account Types of XM CY (Cyprus)
| Account Types | Micro | Standard | XM Zero |
|---|---|---|---|
| Account Base Currency | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR | USD, EUR, JPY |
| Minimum Deposit | 5 USD | 5 USD | 100 USD |
| Minimum Spread | 1.0 pip | 1.0 pip | 0.0 pip |
| Trading Commission | None | None | $7 per round turn lot |
| Trading Platforms | MT4 and MT5 | MT4 and MT5 | MT4 and MT5 |
| Contract Size | 1 lot = 1,000 units | 1 lot = 100,000 units | 1 lot = 100,000 units |
| Maximum Leverage | 1:30 | 1:30 | 1:30 |
| NBP (Negative Balance Protection) | Supported | Supported | Supported |
Differences of bonus promotions
XM offers multiple bonus promotions, loyalty program and free VPS service.
Due to the differences of regulations, there are also differences to the available bonus promotions and special services.
1. Bonus Promotions of XM Global
With XM Global which is regulated and licensed by International Financial Services Commission (IFSC) in Belize, you can benefit from the following bonus promotions and special services.
- $30 No Deposit Bonus
- 50% and 20% Deposit Bonus
- Loyalty Program
- Free VPS (Virtual Private Server)
- No fees on fund deposit and withdrawal
In addition to the above promotions and offers, XM Global has launched “10 year anniversary promotion” on the occasion of its 10th corporate anniversary.
The “10 year anniversary promotion” is available only with XM Global and runs until August 2020.
How to get XM’s $30 No Deposit Bonus?
2. Bonus Promotions of XM Trading
With XM Trading which is regulated and licensed by Seychelles Financial Services Authority (FSA), you can benefit from the following bonus promotions and special services.
- $30 No Deposit Bonus
- 50% and 20% Deposit Bonus
- Loyalty Program
- Free VPS (Virtual Private Server)
- No fees on fund deposit and withdrawal
XM trading covers all the popular promotions available by the XM brand.
With XM Trading, you can choose from the popular 3 account types which are Micro, Standard and XM Zero and participate in bonus schemes.
3. Bonus Promotions of XM CY (Cyprus)
When you open an account with XM CY which is regulated and licensed by CySEC (Cyprus Securities and Exchange Commission) in Cyprus, you can only benefit from the following special services.
- Free VPS (Virtual Private Server)
- No fees on fund deposit and withdrawal
For investors who are interested in receiving bonuses, then XM CY (Cyprus) may not be the option.
The great advantage of trading with XM CY (Cyprus) would be the low trading cost.
With XM CY (Cyprus), you can trade from 0.0 pips spread with only $7 per lot commission on XM Zero account.
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