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XM

Average

One of the world's largest retail brokers by client count. Spread-only pricing model with no commissions. Good for beginners but execution metrics trail ECN peers.

Execution Quality Benchmarks

Fill Ratio
96.2%
Avg Latency
58ms
Avg Slippage
0.4 pip
Reject Rate
1.4%

Fill Ratio vs Industry Average

XM96.2%
Industry Average97.0%

Strengths

  • Very low minimum deposit
  • No commissions
  • Extensive education

Limitations

  • Spread-only pricing less transparent
  • Higher effective cost on majors
  • Higher latency

Broker Specifications

HeadquartersLimassol, Cyprus
Established2009
Execution ModelSTP
RegulationCySEC, ASIC, IFSC
Min Deposit$5
CommissionNone (spread only)
Spread From0.6 pips
Max Leverage1:888
MT5 SupportYes
Min Lot0.01

Data disclaimer: Execution metrics are based on our standardized testing methodology using 0.01 lot market orders on major pairs during London/NY overlap. Real-world execution may vary based on account type, lot size, session, and market conditions. This profile is not a recommendation. No affiliate relationships exist with any broker listed.

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