XM Dubai - XM Forex Broker Review in Dubai, UAE

XM (XM Global), founded in 2009, is owned by Trading Point Holdings Ltd. which is one of the most respected forex brokers in the world. The broker is authorized by four prominent regulatory authorities, namely the DFSA (Dubai), FCA (UK), ASIC (Australia), IFSC (Belize), and CySEC (Cyprus).

As one of the most experienced forex brokers, XM has served more than 2,500,000 clients from 196 countries; additionally, the company has achieved many prestigious awards, including the Best Forex Company in Europe 2018 awarded by the International Finance Magazine and the Best Forex Service Provider 2019 by the Management Award Get Rich for the City of London (COLWMA).

XM Dubai (UAE) offers services on various account types, including Micro, Standard, Ultra Low, and Shares, over 55 currency pairs (Forex), CFDs on Precious Metals, Energies, Stocks Indices, Cryptocurrencies, and Bonds. The company offers floating spreads as low as 0 pips, leverage up to 1:1000, and ultra-fast order execution with no re-quotes.

At XM Dubai, traders are allowed to use all trading strategies and manage more than eight trading accounts in addition to a stock account simultaneously. Moreover, all the XM accounts come with negative balance protection which prevents losses beyond deposited funds.

XM offers MetaTrader 4, MetaTrader 5, Mobile as well as Web Platforms. Traders will also have access to free daily market analysis, regular live webinars by experts, a FREE $30 trading bonus, and 24/5 multi-language customer support.

XM Dubai Trading Accounts

XM Dubai (UAE) offers 4 trading accounts, namely Standard, Micro, Ultra Low, and Shares to all of its clients. All the trading accounts come with the same execution quality, free regular intraday market updates, as well as technical analyses. Traders can use all trading strategies in all the XM accounts without any restrictions.

The XM Standard Account is suitable for pro traders and comes with floating spreads as low as 1 pip for all popular currency pairs, fast order execution, and no re-quotes. This account is available in different currencies, such as USD, EUR, GBP, JPY, CHF, SGD, and AUD with leverage up to 1:1000. The Standard Account allows you to open 200 trading positions at the same time if you make a $5 deposit. Traders can also trade in small lot sizes (0.01 lots) up to 50 lots per ticket.

The XM Micro account is a safe option for new traders to test their strategies without risking all of their assets. The XM micro account comes with services similar to the standard account. As the name suggests, trading in the XM micro account can be done in micro lot sizes (1000 currency units) with a minimum trading volume of 0.01 lots on MetaTrader 4 and MetaTrader 5 platforms with a 100 lot limit per ticket.

The XM Ultra-Low Account is offered in Standard Ultra and Micro Ultra lots with a minimum trading volume of 0.01 lots and a limit of 50 lots per ticket for the Standard Ultra and 0.1 lots and 100 entry lots per ticket for the Micro Ultra. The spread is very low and starts from 0.6 pips with leverage of 1:1000. Traders can open up to 200 trading positions by making a $5 deposit.

The last type of account is the XM Shares which is only available in US dollars with a minimum contract size of one share. The spreads in this account are based on trading transactions. In addition, you will not have access to leverage on this account and need to pay a commission. The XM Stock account holders can trade a minimum of one lot and a maximum of 50 open positions by making a $10,000 deposit. Please note that this trading account does not come with any trading bonuses or hedging.

XM also offers swap-free Islamic FX account to Muslim traders. In this way, the traders will not need to pay any swap/rollover interest on overnight positions.

Micro Account

Minimum Deposit: $5
Leverage: 1:1000
Minimum trade size: 0.1
Spread Type: Floating from 1 pip
Commission: No
Account Currency: USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR

👉 Open Micro Account

Standard Account

Minimum Deposit: $5
Leverage: 1:1000
Minimum trade size: 0.01
Spread Type: Floating from 1 pip
Commission: No
Account Currency: USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR

👉 Open Standard Account

Ultra Low Account

Minimum Deposit: $5
Leverage: 1:1000
Minimum trade size: 0.01
Spread Type: Floating from 0.6 Pips
Commission: No
Account Currency: EUR, USD, GBP, AUD, ZAR, SGD

👉 Open Ultra Low Account

Shares Account

Minimum Deposit: $10,000
Leverage: No Leverage
Minimum trade size: 1 share
Spread Type: Offered as in exchange
Commission: Yes
Account Currency: USD

👉 Open Shares Account

Swap-Free Account

Minimum Deposit: $5
Leverage: 1:1000
Minimum trade size: 0.01
Spread Type: Floating from 1 Pip
Commission: No
Account Currency: USD, EUR, THB

👉 Open Swap Free Account

XM Dubai Deposit & Withdrawal Methods

At XM, the minimum deposit amount is 5 USD. Traders can use different deposit methods, such as bank transfers, credit cards (Visa, MasterCard, & Maestro), and e-wallets (Skrill, Neteller, Perfect Money, Bitcoin, etc.).

XM covers all the fees for funding your account. Traders can deposit money in any currency and XM will automatically convert the money to the base currency of their account without interbank rates.

At XM, you can withdraw your money via the same payment system with which the deposit was made. You can also withdraw your funds at a minimum of 2 USD or its equivalent in other currencies, depending on the chosen payment method.

XM covers all the withdrawal fees as well!

XM Broker Safety of Funds

XM, as one of the most experienced Forex brokers, ensures the safety of its clients' funds under the regulations of four forex regulators, namely the FCA (UK), ASIC (Australia), IFSC (Belize), DFSA (Dubai), and CySEC (Cyprus).

At XM, all clients' funds are transferred to segregated accounts at reputable banks and separate from the company's operational funds. Therefore if the company goes bankrupt, the clients’ funds will not be used to settle the company's debts.

XM, as a regulated company, is required to maintain sufficient capital to match the clients' deposits, fluctuations in the company's currency positions, and so on. XM is also to be audited every year by an external audit firm.

XM Broker Spreads

XM offers floating spreads at a fraction of pips (5 pips) similar to the interbank forex market to get the best rates from the liquid providers. This means that there are no hidden fees and all trading costs are included in the spreads.

XM Standard and Micro accounts come with floating spreads as low as 1 pip, whereas XM Ultra-Low accounts offer floating spreads as low as 0.6 pip. The spreads in the stock account depend on the exchange rate set by the traders.

The Standard, Micro, and Ultra-Low accounts are commission-free but Shares accounts will require a fee.

You can see the current average spreads for common currency pairs counted in pips as follows:

XM Broker Trading Platforms

At XM, traders have access to the MetaTrader 4, MetaTrader 5, and XM WebTrader platforms. These platforms come with innovative features to facilitate the clients’ trading experience.

Traders can access 8 platforms with a single registration on MetaTrader 4. They can also enjoy one-click trading on PC, Mac, multiple platforms, WebTrader, iPhone, iPad, and Android. In addition, they can use technical analyses using more than 50 indicators, charting tools, custom-built indicators, and different periods. Automated trading is also available on this popular platform.

The multi-asset MT5 trading platform can be used to trade forex, stocks, stock indices, precious metals, and cryptocurrencies. Traders can access 7 classes of assets with a single login to 7 platforms. Additionally, the latest quotes, as well as 100 graphs, can be viewed simultaneously. The MetaTrader 5 is available on PC, Mac, WebTrader, iPhone, iPad, and Android.

Financial Markets at XM Dubai

XM enables its traders to trade in 55+ currency pairs and 1000+ trading instruments (Forex and CFDs on stocks, futures, stock indices, metals, energies, and cryptocurrencies).

The XM Micro, Standard, and Ultra-Low accounts can be used to trade almost all trading instruments on both MT5 and MT4 platforms. However, the Share account is only available on the MT5 platform. In addition, traders can only trade cryptocurrencies on MT5.

High-Risk Warning: Trading Forex (Foreign Exchange) and Contracts for Difference (Stocks, Stock Indices, Commodities, and Bonds) involve a high level of risk and may not be suitable for all investors as you may incur losses that exceed your deposit. We highly recommend that you carefully consider whether trading in the FX market is suitable for you. All the contents on this website are for your information only and do not constitute as investment advice. It is important that you fully understand the risks involved before you start trading.