Home page -> Broker Info -> XM -> XM – Cryptocurrency Trading

XM – Cryptocurrency Trading

Review Updated: September 14, 2022

Can you trade cryptocurrency with XM?

Does XM trade cryptocurrency? In 2017, XM introduced the trading of CFDs for the most popular cryptocurrency pair at the time – BTC/USD – although this was only available on its MT5 platform.

XM has now greatly expanded its offering and supports the trading of 31 cryptocurrency-paired entries on both its MT4 and MT5 platforms. However, due to regulatory restrictions, trading in cryptocurrencies is not available in all global jurisdictions. For example, you will not find cryptocurrencies on the site operated in Cyprus for EEA clients.

You can now trade BTC against the USD, as well as against the EUR and the GBP. Other popular pairings include Ethereum (ETC), Litecoin (LTC), Ripple (XRP), Cardano (ADA) and Bitcoin Cash (BCH).

Outside of these offerings, there are plenty more other tradable coin programs to choose from, and with CFDs, it is easy to go both long and short on these instruments.

A complete table of crypto offerings can be found on the XM website with spreads and conditions presented for each, alongside a brief description after selecting ‘Read More’. Crypto CFD trading is available “24/7” with zero swap fees for overnight holdings. If you’re wondering, “does XM accept Bitcoin?”, unfortunately the answer is no.

What else can you trade with XM?

XM supports the trading of 1,000+ tradable assets from eight different categories.

Forex Pairs: Traditional forex trading in 55+ currency pairings, including the majors, minors, and several exotics.

CFDs for Stocks, Commodities, Equity/Futures Indices, Precious Metals and Energies: There are 1,000+ items in this category, though regulators have placed restrictions on CFD trading by retail clients in some jurisdictions. Check with your local authorities or with XM customer support to see if you can trade from a different subsidiary.

Direct Shares: The direct trading of shares of 100 individual companies is permitted on a limited basis, excluding EEA and Australian clients. Spreads and commissions are based on the underlying exchange, but XM requires a minimum deposit of $10,000.

While this portfolio is extensive, with over 1,000 trading assets, reviewers have noted that the firm does not offer options, bonds or ETFs for trading.

XM has focused on the popular items that all traders want, and its portfolio offering is considered above average.