XM broker review Australia 2025

Is XM the right broker for Aussie traders?

Reviewed by Australian forex experts | Updated May 2025

Introduction

XM is a globally regulated forex and CFD broker that supports Australian traders with competitive spreads, fast execution, and a wide range of instruments. XM is backed by ASIC regulation through its parent company and offer a reliable platform for both beginners and experienced traders.

Pros and cons of trading with XM

Pros ✅	Cons ❌
Regulated by ASIC (via Trading Point of Financial Instruments Pty Ltd)	No proprietary trading platform
Low minimum deposit ($5)	No cryptocurrency trading available in Australia
Tight spreads from 0.6 pips	Limited educational content compared to local Australian brokers
Over 1,000 instruments	No integration with TradingView
Excellent customer support	Inactivity fee after 90 days

Is XM regulated in Australia?

Yes. XM operates in Australia under Trading Point of Financial Instruments Pty Ltd, which is licensed by the Australian Securities and Investments Commission (ASIC) (AFSL 443670). ASIC is one of the most respected financial regulators globally.

Australian clients trade with the local entity, which complies with ASIC’s client money handling rules and negative balance protection requirements.

XM account types for Australian traders

XM offers four main account types tailored to different experience levels and trading styles:

1. Micro Account

Minimum deposit: $5
1 lot = 1,000 units
Ideal for beginners

2. Standard Account

Minimum deposit: $5
1 lot = 100,000 units
No commissions

3. XM Ultra Low Account

Spreads from 0.6 pips
Minimum deposit: $50
No commissions

4. Shares Account

Access to real stock CFDs (only in MT5)
Requires $10,000 minimum deposit

Note: All accounts are available on both MT4 and MT5 platforms and support leverage up to 30:1 in compliance with ASIC regulations.

Trading platforms

XM supports both MetaTrader 4 and MetaTrader 5, two of the world’s most trusted trading platforms. You can trade on desktop, web, or mobile. XM offers:

One-click trading
Expert Advisor (EA) support
Custom indicators
Fast execution: over 99% of orders executed in under 1 second

Spreads and fees

XM offers tight spreads starting from 0.6 pips on its Ultra Low account, which is highly competitive compared to most ASIC-regulated brokers.

Asset	Typical spread (Standard account)
EUR/USD	1.6 pips
AUD/USD	1.8 pips
Gold	35 pips
ASX 200	2.0 points

There are no deposit or withdrawal fees, and all transactions are processed quickly, often within 24 hours. However, an inactivity fee of $5 per month applies after 90 days of no trading activity.

Available instruments

XM offers more than 1,000 financial instruments, including:

Forex (55+ pairs)
Indices (ASX 200, S&P 500, etc.)
Commodities (gold, oil, etc.)
Stocks (CFDs on US, EU, UK, and Australian shares)
Metals and energies

Note: Cryptocurrency CFDs are not available for Australian clients due to regulatory restrictions.

XM education and research

While XM provides basic tutorials, webinars, and a daily market analysis blog, Australian traders looking for deep technical education might find other brokers with local offices more comprehensive.

That said, XM’s live webinars and economic calendar remain valuable tools for strategy planning.

Deposits and withdrawals for Australian clients

XM supports a wide range of funding methods suitable for Australian users:

Bank transfers (AUD)
Visa/Mastercard
POLi Payments
Neteller, Skrill

Most deposits are instant, and withdrawals are processed within 24–48 hours.

XM customer support in Australia

XM provides 24/5 multilingual support, including live chat, email, and phone. They also offer a localised Australian website and tailored support for ASIC clients.

How does XM compare to other Australian forex brokers?

Broker	Regulated by ASIC	Min. Deposit	Spreads from	Crypto Trading	Platform
XM	✅ Yes	$5	From 0.6 pips	❌ No	MT4, MT5
AvaTrade	✅ Yes	$100	From 0.9 pips	✅ Yes	MT4, MT5, AvaTradeGO
Plus500	✅ Yes	$100	From 0.8 pips	✅ Yes	Proprietary Web/Mobile
eToro	✅ Yes	$100	From 1.0 pips	✅ Yes	Proprietary Web

Final verdict – Is XM good for Australian traders?

Yes – XM is a trustworthy, well-regulated broker with a low barrier to entry, strong compliance with ASIC standards, and excellent trading conditions. While it may not offer some advanced features or educational content that others do, it remains one of the best options for beginner to intermediate forex and CFD traders in Australia.