XM

In the growing world of the forex market, XM forex broker has emerged as one of the best forex brokers in 2025. XM Broker is a Cyprus based forex broker, established in 2009 and regulated under Cyprus Securities and Exchange Commission (CySEC). They offer different kinds of trading accounts with a variety of free and paid tools to cater different kinds of needs of their users. XM broker is available all over the world including India and currently it is among the best finance companies in India that provide forex trading. In this article you will be enlightened with all the required details about FX forex brokers listed on ClipsTrust.

Is XM Broker Legal in India to Use for Foreign Exchange Trading?

XM broker is not regulated under any Indian financial authority. But it follows all the rules and regulations made by Indian authorities. All the risk related to the capital loss is fully owned by the trader. But it is absolutely legal to trade on the XM trader platform making it a safe choice from the best forex trading companies in India.

Listing Down the Benefits of Using XM Forex Broker

XM trader is among the leading forex service providers nowadays due to their multiple services offered to their clients. XM broker provides multiple advantages to their clients like:

• Multiple trading instruments to trade 
• Different kinds of accounts for beginners and experienced traders.
• Number of free and advance trading tools 
• Well-developed and easy to use interface. 
• Quick and easy order execution
• 24*7 customer support

Covering the Drawbacks of Using XM Forex Broker

Beside these benefits offered by XM broker, a trader has to remember that XM lacks in some field. These are some issues faced by XM users:

• Low educational videos for experienced traders.
• Delay in the order executions.
• Less analytical tools compared to other forex brokers
• Less experienced team at customer support section.
• High charges when trading in stocks and indices.

Different XM Trading Platforms to Use for Investing in Foreign Exchange

XM Markets has developed multiple trading platforms for their users that serve different needs of the users. The famous account types of XM traders are:

• XM MT4 Platform
• XM MT5 Platform
• XM App
• XM website

Advance Analytical Tools Provided by XM Forex Broker

XM forex trader has provided multiple analytical and informative tools for their experienced and beginner traders. These tools help in proper research and making effective strategies. The popular XM trader tools are:

• Economic calendar: For upcoming important events.
• Indicators: To capture and predict market movements
• News: To get updates on the global economy and major news.
• Trading signals: to create alerts for specific price or movement
• Risk management tools: Stop loss, Trigger price, margin calculator and many more to manage risk.
• Educational tools: Demo account and recorded videos to practice strategies.

XM Broker Minimum Deposit and Brokerage Charges

Any trader can start trading on XM platform with a minimum deposit of $5. In certain case, or pro Accounts users have to deposit $100 as a minimum deposit.

The brokerage charged by the XM broker is directly depend on the volume of trade. Beside this brokerage XM also charge different kind of fees and commission from the users like:

• Inactivity fee: If a user is inactive for more than 90 days then he has to pay $10.
• Overnight Financing fees: If a user holds his position on any trade overnight then he has to pay a certain percentage depending on the volume of trade.

Is XM a Good Broker?

XM is a go to choice for every forex trader due to their incomparable and advanced trading platform and services. They offer multiple account types along with different trading platforms. They have the best trading tools to cater to every need of the user and provide them with the best trading experience. This article has explained all the benefits and drawbacks of the XM forex broker. Start trading on XM trader listed on ClipsTrust Website.

FAQs

Q1. Is XM forex legal in India?

Ans. Yes, XM is a legal forex broker in India as it follows all the rules and regulations of the Indian financial authorities.

Q2. Is XM broker free?

Ans. XM offers a commission free trading platform to their users for most of the account types, but in pro account users have to pay commission based on the volume of trade.

Q3. Can I trust XM broker?

Ans. XM broker is regulated by Cyprus Securities and Exchange Commission (CySEC) and can be trusted for forex trading.

Q4. Who is the CEO of XM?

Ans. Constantinos Cleanthous is the CEO of the XM forex broker.

Q5. Which country is XM from?

Ans. XM operates all over the world but it is headquartered in Cyprus.