XM Review
Overall, XM gives you access to international markets with tight spreads, high leverage, and account types that work for most trade sizes. It accepts Indonesian clients, supports global platforms, and includes features many traders use every day, like mobile apps, copy trading, and flexible funding.
 | Minimum Deposit: $5 Regulated by: FSC, CySEC, ASIC Leverage: Up to 1:1000 |
XM Broker Company Profile And Contact Details
| Category | Details |
| 🏦 Indonesia Office Address | XM does not have a physical office in Indonesia. |
| 📧 Email Support | [email protected] . You can also use the contact form on the official website. |
| 📞 Phone Support (Indonesia) | Global support lines: +501 2236696 and +501 2279421. |
| 💬 Live Chat | Available 24/7 through the XM website. |
| ⏱️ Customer Support Hours | 24/7 multilingual support via chat, email, and phone. |
| ⏳ Office Operating Hours | Monday to Friday, 05:00–19:00 GMT (Cyprus headquarters). |
| 🌐 Official Website | www.xm.com |
| 🚀 Sign up | 👉Open Account |
5 Best Forex Brokers in Indonesia
Read Review ASIC, CySEC, FSA, SCB Visit Broker 
Read Review FSC, ASIC, CySEC Visit Broker Read Review ASIC, CySEC, IFSC, DFSA, FCA Visit Broker 
Read Review FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine Visit Broker 
Read Review ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA Visit Broker
XM Regulation For Indonesians: Is It A Trusted Broker?
Yes. XM is a legally regulated broker, operating under multiple financial licenses across different regions. BAPPEBTI does not license XM, but the broker is still subject to regulatory oversight under established international authorities.
| 🌎 Regulatory Body | 🇨🇴 Country | 🔢 License Number | ⏺️ Status / Description |
| Financial Services Commission (FSC) | Belize | 000261/27 | Offshore regulation. Allows higher leverage and bonus promotions. |
| Financial Services Authority (FSA) | Seychelles | SD190 | Offshore license. Supports promotional offers, no local investor protection scheme. |
| Financial Services Commission (FSC) | Mauritius | GB23202700 | Offshore license. Oversees trading conditions and international onboarding. |
| Cyprus Securities and Exchange Commission | Cyprus | 120/10 | EU regulation under MiFID II. Investor compensation available. Leverage restrictions. |
| Financial Conduct Authority (FCA) | United Kingdom | 705428 | UK-regulated. Offers compensation up to £85,000 for eligible retail clients. |
| Australian Securities and Investments Commission | Australia | 443760 | Highly regulated. Lower leverage, no bonus programs allowed. |
| Financial Sector Conduct Authority (FSCA) | South Africa | 49976 | Licensed entity supports local and cross-border clients under South African regulation. |
| Dubai Financial Services Authority (DFSA) | United Arab Emirates | F003484 | Covers clients under the MENA region. Institutional-grade oversight. |
Yes. XM operates under top-tier international regulators, including ASIC, CySEC, and the FSC. Client funds are fully segregated and protected under those frameworks.
Yes. XM applies negative balance protection to all retail accounts, ensuring traders cannot lose more than their deposits.
XM Account Types And Trading Conditions
| 💻 Live Account | 💳 Minimum Dep. | 👉 Open an account | 📊 Leverage | 💸 Commissions |
| Standard | $5 | 👉Open Account | Up to 1000:1 | None |
| Ultra Low | $5 | 👉Open Account | Up to 1000:1 | None |
| Shares | $10,000 | 👉Open Account | 1:1 only | Yes |
Standard Account
| Account Feature | Value |
| 💻 Trading Platforms | MT4, MT5, XM App |
| 📉 Spread Pips | From 1.6 pips on EUR/USD |
| 💰 Minimum Deposit | $5 |
| 📈 Maximum Leverage | Up to 1:1000 |
| 💹 Trading Instruments | Forex, metals, indices, stocks, crypto, energies, agricultural CFDs |
| 🏆 Best For | Traders who want broad market access without needing a large deposit |
| ✅ Advantages | Micro lots available, bonus eligibility, swap-free on request |
| 🚀Sign up | 👉Open Account |
Ultra Low Account
| Account Feature | Value |
| 💻 Trading Platforms | MT4, MT5, XM App |
| 📉 Spread Pips | From 0.8 pips on EUR/USD |
| 💰 Minimum Deposit | $5 |
| 📈 Maximum Leverage | Up to 1:1000 |
| 💹 Trading Instruments | Forex, metals, indices, stocks, crypto, energies, agricultural CFDs |
| 🏆 Best For | Traders focused on cost efficiency and tighter spreads |
| ✅ Advantages | No commission, lower spreads, micro lots supported, swap-free option |
| 🚀Sign up | 👉Open Account |
Shares Account
| Account Feature | Value |
| 💻 Trading Platforms | MT5 only |
| 📉 Spread Pips | Exchange-based pricing (varies per stock) |
| 💰 Minimum Deposit | $10,000 |
| 📈 Maximum Leverage | 1:1 (no leverage) |
| 💹 Trading Instruments | Direct access to listed US and EU shares (non-CFD) |
| 🏆 Best For | Traders who want to invest in actual shares without leverage |
| ✅ Advantages | No swaps or leverage risk, access to real stocks (not derivatives) |
| 🚀Sign up | 👉Open Account |
Demo Account
| Account Feature | Value |
| 💻 Trading Platforms | MT4, MT5, WebTrader, Mobile |
| 🛠️ Features | Real-time market conditions, virtual balance up to $100,000 |
| 🏆 Best For | New traders learning the platform, or experienced users testing strategies |
| 🚀Sign up | 👉Open Account |
Islamic Account
| Account Feature | Value |
| 💻 Trading Platforms | MT4, MT5, XM App |
| 📉 Spread Pips | Based on the selected account type |
| 💰 Minimum Deposit | $5 (Standard, Ultra Low), $10,000 (Shares) |
| 📈 Maximum Leverage | Up to 1:1000 (Standard/Ultra Low), 1:1 (Shares) |
| 💹 Markets Offered | Same instruments as the underlying account selected |
| 🏆 Best For | Traders who require interest-free accounts due to religious beliefs |
| ✅ Advantages | No overnight swaps. Applies to all accounts once approved. Conditions apply. |
| 🚀Sign up | 👉Open Account |
XM Registration Guide For New Traders
Step 1: Choose a Trading Platform and Account Type
Start by picking between MT4 and MT5. Both platforms are supported on desktop, web, and mobile, and both connect to XM’s available account types. If you’re unsure, MT5 gives you access to more markets, while MT4 still supports all major currency pairs and commodities.
After choosing your platform, select your preferred account type. XM offers:
- Standard Account – with spreads from 1.6 pips.
- Ultra Low Account – with tighter spreads from 0.8 pips.
- Shares Account – direct stock trading with no leverage.
- Islamic Account – available on request if you qualify.
Step 2: Enter Personal and Contact Information
XM requires your full legal name, country of residence (Indonesia), valid phone number, and a working email address. Make sure everything matches your identification documents. Your XM account will be linked to these details, and any mistakes will delay the next steps.
Step 3: Set Your Login Details
You’ll create a password for your secure client area. This is where you’ll upload documents, manage funds, download trading platforms, and update preferences later. XM sends your login credentials by email, so use an address you check regularly.
Step 4: Submit Identity and Address Verification
To meet regulatory requirements, XM needs:
- Proof of identity, such as a passport, national ID, or driver’s license.
- Proof of address, such as a utility bill or bank statement showing your name and current address.
Step 5: Wait for Account Approval
Once you upload your documents, XM begins the review. In most cases, accounts are verified within 24 hours. You’ll receive confirmation by email when your account is ready for deposits and live trading.
Step 6: Fund Your Account
XM accepts multiple payment methods, including:
- Debit/credit cards (Visa, Mastercard)
- Online wallets (Skrill, Neteller)
- Bank wire transfers
Step 7: Access the Trading Platform
Once verified and funded, you can log in to MT4 or MT5 using the credentials provided in your welcome email. You’ll be able to:
- Monitor live prices
- Place trades
- Use indicators and chart tools
- Manage your portfolio in real time
Optional: Request Islamic Account Status
If you require a swap-free account due to religious reasons, you can request this through the client area. XM will review your request and apply the Islamic status to your account if approved.
How Does XM Compare To Other Brokers?
| XM | Tickmill | CMC Markets | |
| ⚖️ Regulation | FSC, FSA, IFSC, CySEC, ASIC, FCA | FSA (Seychelles), FCA, CySEC, FSCA, DFSA | FSA Seychelles |
| 📱 Trading Platform | MT4, MT5, XM App | MT4, MT5, TradingView, Tickmill Trader | MT5 only |
| 💰 Withdrawal Fee | None (3rd party fees may apply) | None (min withdrawal $25) | None |
| 📊 Demo Account | Yes, no expiry, $100k virtual | Yes, expires after 7 days inactivity | Yes, $10,000 virtual |
| 📈 Minimum Deposit | $5 (Standard/Ultra), $10,000 (Shares) | $100 | $0 |
| 📈 Leverage | Up to 1:1000 (except Shares 1:1) | Up to 1:1000 | Up to 1:200 |
| 📊 Spread | From 0.8 pips (Ultra), 1.6 (Standard) | From 0.0 (Raw), 1.6 (Classic) | From 1.2 pips (Forex), 2 pts (Indices) |
| 💰 Commissions | None (Standard/Ultra), Yes (Shares only) | $3–$3.5/lot (Raw), None (Classic) | 0.25% of contract value (stocks, crypto CFDs) |
| ✴️ Margin Call/Stop-Out | 50% / 20% | 100% / 30% | 0.5% margin for forex (implied stop-out not stated) |
| ✴️ Order Execution | Market execution | Market execution | Not explicitly stated (likely market) |
| 💳 No-Deposit Bonus | No | No | No |
| 📊 Cent Accounts | No | No | No |
| 📈 Account Types | Standard, Ultra Low, Shares, Islamic | Classic, Raw (MT4/MT5/TradingView), Islamic | CFD account only |
| ⚖️ BAPPEBTI Regulation | No | No | No |
| 💳 IDR Deposits | No | No | No |
| 📊 Indonesia Rupiah Account | No | No | No |
| 👥 Customer Service Hours | 24/7 | Mon – Fri, 07 am – 4 pm GMT | 24/7 |
| 📊 Retail Investor Accounts | Yes | Yes | Yes |
| ☪️ Islamic Account | Yes (on request, all accounts) | Yes (all accounts) | No |
| 👉 Open account | 👉Open Account | 👉Open Account | 👉Open Account |
| Minimum Deposit: $5 Regulated by: FSC, CySEC, ASIC Leverage: Up to 1:1000 |
XM WebTrader, App, And Desktop Platforms Explored for Indonesians
Indonesians can choose between the XM App, MetaTrader 5, or MetaTrader 4.
Platform Comparison
| Feature | XM App | MetaTrader 5 (MT5) | MetaTrader 4 (MT4) |
| Asset Coverage | Full multi-asset support | Full multi-asset support | Forex, metals, commodities, indices |
| Expert Advisor (EA) | Not available | Yes (MQL5) | Yes (MQL4) |
| Depth of Market | Not available | Yes | Not available |
| Economic Calendar | Yes | Built-in | Not available |
| Backtesting | Not applicable | Advanced | Basic |
| Platform Access | Mobile-only | Desktop, mobile, browser | Desktop, mobile, browser |
| Copy Trading | No | Yes (via Signals) | No |
| Support Access | In-app live chat | No integrated support | No integrated support |
XM App
XM’s mobile app is an all-in-one solution for trading, account management, funding, and support.
Key Features
- Trade forex, indices, metals, commodities, and stocks from one place.
- Switch between MT4 and MT5 accounts without logging out.
- Deposit and withdraw directly through the app.
- Contact XM’s support team instantly via live chat.
XM App is ideal for traders who want mobile-first access without juggling multiple logins or switching platforms.
MetaTrader 5 (MT5)
MT5 supports a larger list of tradable instruments.
Key Features
- View Depth of Market (DOM) directly inside the platform.
- Use up to six different types of pending orders.
- Build or import advanced trading bots using MQL5.
- Access the built-in economic calendar without third-party apps.
MetaTrader 5 is ideal for traders who want cross-asset access and technical depth without leaving XM.
MetaTrader 4 (MT4)
MT4 focuses on the essentials. It offers precision and speed for forex, metals, indices, and commodities.
Key Features
- Supports Expert Advisors for automated trading.
- Access low spreads across major asset classes.
- Enable one-click trading with instant execution.
- Program or tweak custom indicators in MQL4.
MetaTrader 4 is ideal for traders who want proven stability with forex and CFD markets on a familiar platform.
MT4 is recommended for simplicity, while MT5 suits multi-asset traders. The XM App offers mobile charting in Bahasa Indonesia.
No. XM supports only MT4, MT5, and the XM App — TradingView is not yet integrated.
XM Market Coverage And Asset Classes
| Market Type | Market Description | Examples/Popular Instruments | Reasons Why Indonesian Traders Should Be Familiar With This Type |
| 🏦 Forex CFD | Over 55 Forex pairs available, including major, minor, and exotic currency pairs. | EUR/USD, USD/JPY, GBP/AUD, USD/TRY | Forex trading remains popular in Indonesia due to market accessibility, 24/5 sessions, and low capital requirements. Currency volatility also provides regular opportunities for active traders. |
| 🚀 Crypto CFD | Trade crypto as CFDs with leverage. These are speculative instruments—not wallets or coin ownership. | BTC, ETH, XRP, LTC, BCH | Cryptocurrency trading is active in Indonesia, particularly for Bitcoin and Ethereum. These CFDs allow you to speculate without a digital wallet, with trading open 24/7. |
| 📈 Stocks CFD | CFDs on global companies across tech, banking, pharma, and consumer sectors. | Apple, Microsoft, JPMorgan, Pfizer, Amazon | These allow exposure to global companies not listed on IDX. Useful if you’re diversifying into U.S. and EU equity names or trading around earnings. |
| 📊 Indices CFD | Index CFDs represent major global markets and are tradable with leverage. | US100, GER40, JP225, UK100, HK50 | Instead of trading individual stocks, these instruments let you trade on the performance of entire economies or sectors. Popular among traders looking for volatility without picking specific shares. |
| 🛢️ Commodities CFD | Includes soft commodities like coffee and sugar—contracts are settled in cash, not physical goods. | Cocoa, Corn, Coffee, Sugar, Cotton | Indonesia is a key agricultural exporter, and soft commodities offer a way to speculate on global prices. Often used to hedge or diversify away from currency-only exposure. |
| 🛢️ Energies CFD | Spot and futures-style contracts on global energy markets. | WTI Crude, Brent Crude, Natural Gas | Indonesia’s economy is linked to energy exports and imports. Oil and gas trading appeals to those watching geopolitical moves or energy-related macro trends. |
| 📈 Turbo Stocks CFD | Leveraged versions of popular shares. Available only on select global stocks. | Apple, Tesla, Nvidia, Netflix | Suitable for traders looking to speculate on short-term price shifts using lower margin. These amplify both gains and risks. |
| 📊 Thematic Indices CFD | CFD baskets grouped by specific global investment themes. | Clean Energy, Artificial Intelligence, ESG, Tech Disruption | Useful if you’re interested in tech or sustainable investing without building a portfolio from scratch. These instruments mirror larger trends and allow thematic speculation. |
| 🏦 Precious Metals CFD | Tradable metal CFDs with flexible lot sizing. | Gold, Silver, Platinum, Palladium | Gold and silver are widely followed in Indonesia—seen as safe havens or inflation hedges. These are available in micro and mini lots. |
| 📈 Shares Account (Non-CFD) | Real stock purchases (not CFDs) through international exchanges. No leverage. | NYSE and NASDAQ shares, select European stocks | If you’re investing, not trading, this account offers access to physical shares. However, the $10,000 minimum deposit won’t suit everyone. |
| Minimum Deposit: $5 Regulated by: FSC, CySEC, ASIC Leverage: Up to 1:1000 |
Is XM Expensive? Breakdown Of All Fees
No, XM’s trading and non-trading fees are low and competitive.
Spread and Commissions
Your account type affects how much you’ll pay in spread or commission.
| Account Type | Spread (EUR/USD) | Commission |
| Standard | From 1.6 pips | None |
| Ultra Low | From 0.8 pips | None |
| Shares | Exchange-dependent | Yes, per order |
Overnight Fees (Swaps)
XM charges a swap if you leave a trade open past market close (usually 22:00 GMT). Depending on the currencies involved or the asset you trade, you may be charged (or credited) overnight.
| Swap Rule | Details |
| Applies to all CFD positions | Yes, unless you use using an approved swap-free account |
| Swap value | Based on interest rate differentials or asset holding cost |
| Swap frequency | Charged daily, with triple charge on Wednesdays |
| Visibility | Swap rates shown in MT4/MT5 and on XM’s swap calculator |
VPS Fee
XM’s VPS hosting can be free or paid, depending on how much you trade. If your balance stays above $500 and you trade at least 5 lots per month, you won’t pay anything. Otherwise, the service costs $28 per month.
Inactivity Fee
XM considers an account inactive if there’s been no trading or login activity for 90 days. Once that window passes, a fee of $5 per month starts coming out of any remaining balance.
XM Payment System: Fees, Times, and Options
| Method | Deposits | Withdrawals | Processing Time | XM Fee |
| Credit/Debit Cards | ✔️ | ✔️ | Instant (deposit), up to 30 days (withdrawal) | None from XM |
| Bank Transfer | ✔️ | ✔️ | 30 mins–5 days depending on your bank | None from XM* |
| E-wallets (Skrill, Neteller, etc.) | ✔️ | ✔️ | Within 24 hours | None from XM |
| XM Card (if available) | ✔️ | ✔️ | Varies | None from XM |
*Bank wire withdrawals below $200 may incur fees from third-party banks.
Minimum amounts apply depending on your account type:
- $5 minimum for Standard and Ultra Low accounts
- $50 minimum for Ultra Low account withdrawals
- $10,000 minimum for Shares accounts
How to Deposit Funds to XM
Before depositing, your trading account must be verified. You’ll need to submit identification and proof of address as part of XM’s KYC process. Once that’s sorted, funding your account only takes a few steps.
- Log in to your XM client area.
- Choose your preferred funding method. Card, bank transfer, or e-wallet — whichever suits your setup.
- Enter the deposit amount. Make sure it matches the minimum for your account type.
- Complete the transaction. Most methods are processed instantly. Bank transfers can take longer, depending on your bank.
How to Withdraw Funds with XM
Withdrawals are only available once your account is fully verified. If you’ve already deposited funds, your first withdrawal must go back through the same method and up to the same amount. Once that’s covered, profits can be sent through any other method that’s already linked to your account.
- Log in to your client area and head to the withdrawal section.
- Select the method used for your deposit. This is required for refunds of original amounts.
- Enter the amount you want to withdraw. Stick to the minimum withdrawal rules.
- Submit your request. XM processes requests internally within 24 hours.
| Minimum Deposit: $5 Regulated by: FSC, CySEC, ASIC Leverage: Up to 1:1000 |
XM Webinars, Courses, And Trading Tools Reviewed
Traders in Indonesia have no shortage of Telegram groups or YouTube content, but much of it’s unverified and often untrustworthy. XM offers something different: resources built to help you make informed decisions.
| Tool | Description | Purpose for Traders |
| 📚 XM Learning Centre | A multilingual education suite with live and recorded content, supporting traders across all experience levels. | Helps Indonesian traders move past surface-level knowledge. Useful if you want more than just “signals” and prefer to understand why trades are placed. |
| 🛠️ Trading Central | Third-party analytics and signals tool that integrates with XM’s platforms. Offers daily technical setups, market forecasts, and analyst insights. | Allows traders in Indonesia to compare their ideas with independent technical research. Good for confirming setups or avoiding weak trades. |
| 🧭 Learn at Your Own Pace | Full access to webinars, videos, and tutorials across devices, available in Bahasa Indonesia and other supported languages. | Lets you learn based on your schedule. Ideal for those who trade part-time or want to build knowledge gradually without fixed class times. |
| 🎥 XM Webinars | Live webinars held daily, available in 23 languages and hosted by traders with professional backgrounds, and not content creators. | Useful for Indonesians looking for trusted education, especially if you’re unsure where to start or need help improving consistency. |
| 📆 Economic Calendar | Filterable and up-to-date calendar of global economic events, including central bank decisions and inflation releases. | Supports Indonesian traders who plan trades around macro releases. Crucial if you monitor U.S. data, NFP, or Fed announcements. |
| 📐 Trading Calculators | Includes margin, pip, and swap calculators, plus a currency converter. Custom inputs ensure it fits your exact account settings. | Essential for anyone trading with leverage. Great if you need to calculate position sizes or check pip values without using outside tools. |
| 📺 XM LIVE | Live stream format with multiple shows covering market analysis, indicators, and trading setups. Sessions include Forex Power Hour and U.S. Market Open. | Ideal for traders in Indonesia who want to see real-time breakdowns of trade setups. |
| 📱 Access & Platform | All content can be accessed through the XM App or web portal. Most tools unlock after free registration; full access available after account approval. | Practical for Indonesians trading on mobile. Easy to manage your learning and live trading from the same login. |
| 📚 Additional Topics & Tutorials | Goes beyond basic tutorials with content on scalping, price action, risk management, and choosing a trading style. | Useful for Indonesians figuring out which trading style fits their time, psychology, and strategy. Also helps cut through vague content online. |
Yes. Webinars, video tutorials, and weekly market analysis are available in Bahasa Indonesia.
Yes. XM occasionally hosts in-person educational events across Southeast Asia, including Jakarta, Surabaya, and Bali.
XM Bonus Explained: Rules, Risks, And Rewards
Yes, XM bonuses can give your trading balance a boost. However, before you dive in, you should know how each promotion works and what you need to do to unlock the rewards. This breakdown covers XM’s four headline bonus types for Indonesian traders.
Refer a Friend Bonus
You can earn up to $80 per referral, and there’s no restriction on the number of people you can refer.
- You don’t have to be a new trader to start referring.
- This isn’t a passive reward. The person you refer has to deposit and trade before you get anything.
- XM pays you directly into your account.
- How much you earn depends on your friend’s deposit size and early trading activity.
- You’re eligible for this even if you’re already part of another XM bonus program.
Competitions
XM has trading competitions with cash prizes as high as $100,000. These aren’t tied to how much you deposit or how many lots you push through. Your ranking depends on your performance, and not your volume.
There’s no entry fee. You can join whether you’re new or experienced. Depending on the event, you can compete using a demo or a real account.
These contests are open year-round with rotating prize structures and assets. They’re mostly short-term, and your position can shift quickly depending on how well you manage risk and time trades. Every trader competes under the same conditions, which means strategy matters more than size.
XM Traders Club (Loyalty Program)
If you trade regularly, XM’s loyalty program rewards you with XM Coins, which are a currency you can exchange for cash, bonuses, tools, and more.
- You collect coins for every lot traded.
- Coins can be saved or spent at any time.
- Redemptions include cash, trading credit, and platform extras.
- Every verified trader is eligible.
- Loyalty rewards are stackable with bonuses and referral payouts.
100% Deposit Bonus – Up to $15,000
XM offers a 100% deposit bonus split across four weeks. Each week has a cycle, and registration is required every time. The bonus amount depends on how many lots you trade before making your next deposit.
Weekly Payout Schedule
| Lots Traded | Weekly Bonus Cap |
| 3 | $100 |
| 6 | $300 |
| 9 | $1,000 |
| 15 | $2,000 |
| 25 | $3,750 |
You can repeat this process across four weeks, aiming for the full $15,000 cap. The bonus itself can’t be withdrawn, but any profits you earn from it can.
| Minimum Deposit: $5 Regulated by: FSC, CySEC, ASIC Leverage: Up to 1:1000 |
XM Partnership Program: Commission, Structure, And Requirements
If you’ve ever considered turning your trading network or your social reach into something profitable, XM offers an ideal partnership program.
You’ll have a choice between two main commission models, access to real-time performance tools, and the potential to accumulate extra cash rewards through a loyalty-style point system. Everything can be tracked inside XM’s Partner Platform.
How XM’s Commission Models Work
You get to choose how you want to earn:
- CPA (Cost Per Acquisition): You’ll receive a one-time payment for each new referral who meets the required deposit and trading activity. It can go as high as $1,000 per qualified client.
- Lot Rebate (Revenue Share): You’ll earn based on the actual trading activity of your referrals—up to $80 per lot traded. This model pays out continuously, not just once.
XM’s XRP System: Extra Rewards for Active Partners
If you choose the revenue-share model, you’ll also start earning XRP points. These aren’t crypto tokens. They’re XM’s internal loyalty points that you collect from referral trading activity. Once you’ve earned enough, you can unlock bonus cash, account upgrades, and even exclusive competitions.
What You Can Unlock with XRP
As your XRP grows, so do your potential rewards:
- Cash payouts: Starting at $100, going up to $150,000 depending on your XRP milestone.
- Commission boosts on gold trades: Your per-lot rate can climb if you hit Platinum or VIP levels.
- Lucky draw entry: Once you reach 100 XRP, your referrals are automatically entered into XM’s exclusive draw events.
- Annual partner rewards: XM sends out anniversary gifts on your signup date as a bonus thank you.
What XM Requires From Partners
To get started, you’ll need to register for a verified XM Partner Account. XM doesn’t allow minors, and self-referrals or duplicate accounts aren’t accepted.
To count as a qualified referral (called a True New Deposit Client), the person you refer needs to make a deposit and trade at least 1 standard lot. Anything less won’t count for commissions or XRP points.
XM Customer Service Review For Indonesian Clients
| Customer Support | XM Customer Support |
| ⏰ Operating Hours | 24/7 – including weekends. |
| 🔊 Support Languages | Multilingual, including English. Bahasa Indonesia isn’t guaranteed. |
| 👥 Live Chat | 24/7 access via website; response time usually under 1 minute. |
| ☎️ Email Address | Support available via contact form and [email protected] . |
| 🏆 Telephonic Support | Yes. 24/7 phone support from their international team in Belize. |
| 📍 Overall Quality | Strong multichannel access with fast response times. |
| 📚 Help Center Access | Includes FAQs, platform help, funding guidance, and more. |
| 📱 Social Chat Support | Supports Messenger, Telegram, and select region-based platforms. |
| 🏢 Physical Office | Belize HQ – no branch or local office in Indonesia. |
XM Awards For Platform, Service, And Support
If you’ve ever questioned whether a broker delivers on what it promises, awards help separate the talk from the results. XM hasn’t been short on industry recognition, especially over the past few years.
| 🗓️ Year | 🏅 Award Title | 🌍 Event / Notes |
| 2025 | Best Trading Execution | Awarded by World Finance Awards |
| 2025 | Best Trading Execution | Awarded by CFI.co |
| 2025 | Best Customer Service | Awarded by CFI.co |
| 2025 | Best CFD Broker | Awarded by World Finance Awards |
| 2025 | Best Forex Trading Platform | Awarded by COLWMA |
| 2024 | Outstanding Global Forex Broker | Awarded by CFI.co |
| 2024 | Best Overall Forex Trading App, Global | Awarded by Global Brands Magazine |
| 2023 | Best FX Broker, Australasia | Awarded by World Finance Forex Awards |
| 2023 | Most Transparent Broker, Global | Awarded by CFI.co |
| 2022 | Best Forex Trading Support | Awarded by Global Forex Awards – Retail |
XM CSR Programs And Community Support
XM has supported multiple community-led initiatives across Indonesia that focus on long-term benefit over visibility. In Pandeglang, XM helped fund the renovation of essential washroom facilities at MI Auladul Fajri, a school built through local effort.
The project added new toilets, a sink for students, and an area for ablution. It addressed a practical need that improves hygiene and daily comfort for both students and teachers.
Through a separate initiative with Human Initiative, XM contributed food supplies to 260 people in Bekasi who were affected by floods in March 2025. This helped families cover essentials as they navigated recovery.
At the end of 2024, XM and Human Initiative also reached out to seniors in South Jakarta, bringing staple goods, meals, and financial assistance to the Budi Mulia 3 Tresna Werdha Social Home. It was a small way to show support and inclusion during the New Year period.
| Minimum Deposit: $5 Regulated by: FSC, CySEC, ASIC Leverage: Up to 1:1000 |
Final Verdict: Is XM A Good Broker?
Yes. XM is a good broker for Indonesians if you know what you are signing up for.
There’s no BAPPEBTI license, local Rupiah account, or office to walk into, but that doesn’t make XM irrelevant. XM gives you deep market access, solid platforms, and a low barrier to entry, which matters more to most traders than having a call center in Jakarta.
You get leverage up to 1:1000, tight spreads (from 0.8 pips), and accounts that don’t demand a substantial deposit. XM doesn’t block Islamic account requests and has trading available across crypto, forex, indices, and more.
The app is reliable, withdrawals are easy, and the bonus system rewards volume, not deposits. If you want global markets without red tape and don’t mind offshore regulation, XM is perfect. It’s not a local broker, but it’s a capable one.
XM Pros And Cons For Traders In Indonesia
| 🟢 Pros | 🔴 Cons |
| Accepts Indonesian clients without requiring local regulation | Not licensed by BAPPEBTI |
| Low minimum deposit of $5 for live trading across two major account types | Indonesian Rupiah (IDR) not supported as a base currency |
| MT4, MT5, and XM App available — pick your platform based on your trading style | No direct support for popular Indonesian wallets like DANA or OVO |
| Swap-free Islamic accounts available on request and approved for all instruments | Shares account requires $10,000 minimum deposit |
| Ultra Low account offers tight spreads from 0.8 pips with no commission markup |
XM Review Detailed Summary
| Category | Details |
| 🌍 General Information | |
| 🏢 Company Name | XM |
| 📅 Year Founded | 2009 |
| 🏠 Head Office | Limassol, Cyprus |
| ⚖️ Regulation | CySEC (Cyprus), ASIC (Australia), FSC (Belize), others depending on entity |
| 🌎 Accepts Indonesian Clients | Yes |
| ⚖️ BAPPEBTI / OJK Regulation | No (XM is not licensed under Indonesia’s regulators) |
| 📂 Account Details | |
| ☪️ Islamic Account Available | Yes (Swap-free) |
| 📊 Demo Account Available | Yes |
| 💰 Minimum Deposit | $5 (~IDR 80,000) for most account types |
| 📲 Deposit & Withdrawal Methods | Local Bank Transfer, Cards, E-wallets, Bank Transfer, Digital Wallets |
| 📉 Trading Features | |
| 📈 Maximum Leverage | Up to 1:1000 (depending on account / region) |
| 📊 Typical Spreads | From ~0.6 pips (EUR/USD under Ultra Low / Standard) |
| ⚡ Scalping Allowed | Yes |
| 🔒 Hedging Allowed | Yes |
| 🛡️ Negative Balance Protection | Yes |
| 📖 Education & Support | |
| 📚 Education for Beginners | Webinars, guides, video tutorials |
| 🗣 Website Languages | Indonesian + English and multiple others |
| 📞 Dedicated Indonesia Account Manager | Yes (support in Bahasa Indonesia) |
| ⏰ Customer Support Hours | 24/5 |
| 📞 Customer Support Languages | Indonesian + multilingual |
| 🌟 Platforms & Assets | |
| 📊 Trading Platforms | MT4, MT5, XM WebTrader, Mobile App |
| ✔️ Crypto Trading Offered | Yes (crypto CFDs available) |
| ✔️ Tradable Assets | Forex, Indices, Commodities, Stocks, Cryptos, ETFs, Metals |
| 🇮🇩 Indonesia-Specific Features | |
| 💵 Local Bank Transfers Supported | Yes |
| 💰 Minimum Deposit in IDR Equivalent | $5 (~IDR 80,000) |
| ✅ IDR-Denominated Account | Yes (IDR funding accepted via local banks/digital wallets, but base currency of trading account is usually USD or others) |
| ✅ Leverage Restrictions for Indonesian Traders | Retail rules apply based on entity; allowed up to 1:1000 in some cases |
| 💸 Fees & Costs | |
| 🏦 Deposit Fee | No (broker side) — third-party fees may apply |
| 💵 Withdrawal Fee | None via many local/instant methods (may vary by method) |
| ⏳ Inactivity Fee | Yes (after extended inactivity period) |
| 💲 Commission Fee | Standard / Ultra Low spread accounts have low spreads; shares accounts commission vary |
| 🔥 Final Ratings | |
| ⭐ Beginner Friendliness | High |
| 📊 Platform Quality | High |
| 💰 Deposit & Withdrawal Process | Good (local IDR options exist) |
| ✅ Trustworthiness | High (multi-regulated, established name) |
| 🚀Sign up | 👉Open Account |
Supporting Resources For Our XM Broker Review
- XM Official Site
- BAPPEBTI Register
- FSC Belize
- Trading Central
- XM Live
- World Finance Awards
Frequently Asked Questions
XM runs a 100% deposit bonus (up to $15,000), a referral bonus (up to $80 per friend), loyalty rewards through XM Coins, and regular trading competitions with prizes up to $100,000.
Yes, VPS hosting is available. It’s free if your balance stays above $500 and you trade at least 5 lots per month. Otherwise, it costs $28/month.
You can trade forex, crypto, stocks, indices, energies, metals, agricultural commodities, thematic indices, turbo stocks, and real shares (non-CFD) if you have a Shares account.
Yes. If there’s no trading or login activity for 90 days, XM charges $5 per month.
It depends on your bank, but it usually takes 30 minutes to 5 business days.
No, but XM still accepts Indonesian clients under offshore licenses from Belize, Seychelles, and Mauritius.
No. IDR isn’t available as a base currency. You’ll need to use USD, EUR, or another supported option.
Yes, MT5 supports copy trading via built-in Signals.
Yes. As long as your documents are valid and match your country of residence, you can trade from overseas.
XM applies real-time conversion with a small spread included. Rates depend on your payment method.
You can request swap-free status. Otherwise, overnight swaps apply to most CFD positions.
Yes. You can open a demo with up to $100,000 virtual funds, and no expiry.
Withdrawals are reviewed within 24 hours. Processing time depends on the method—e-wallets are quicker than bank transfers.
Up to 1:1000 leverage is available on Standard and Ultra Low accounts. The Shares account doesn’t offer leverage.
DANA and OVO aren’t listed, but XM does support Skrill and Neteller, which are widely used across Southeast Asia.
Yes. Once your account is verified, you can request swap-free status. It’s available on all account types.
$5 for Standard and Ultra Low accounts. The Shares account requires $10,000.
Spreads start from 0.8 pips on EUR/USD. There are no added commissions.
Yes, XM hosts webinars in Bahasa Indonesia along with global sessions in 23 languages.
Trades are executed at market speed. XM doesn’t publish a fixed number, but execution is fast and stable across platforms.