Does XM support MetaTrader 4 or 5?

Yes, XM supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are available for desktop (Windows and Mac), web browser (WebTrader), iOS, and Android. XM also offers its own proprietary mobile app for account management and trading. You choose your platform during account registration, though you can open multiple accounts to use different platforms.

How to open an XM account?

Opening an XM account takes about 10 minutes: 1) Visit XM's registration page and fill in your personal details (name, email, phone, country). 2) Choose your account type (Micro, Standard, KIWAMI Extreme, Ultra Low, or Zero) and platform (MT4 or MT5). 3) Complete email and phone verification. 4) Upload KYC documents (government-issued ID and proof of address). 5) Once verified, fund your account (minimum $5) and download your chosen trading platform. See our detailed registration guide for step-by-step instructions.

What is the difference between MT4 and MT5 on XM?

MT4 is the industry standard for forex trading with 9 timeframes, 30 built-in indicators, and full Expert Advisor (EA) support using MQL4. MT5 is the newer platform with 21 timeframes, 38 indicators, economic calendar, depth of market, improved backtesting, and MQL5 programming language. MT5 also supports more order types (6 vs 4) and access to a wider range of instruments. MT4 is preferred by traders with existing EAs/indicators built in MQL4, while MT5 is better for multi-asset traders and those wanting more analytical tools.

Can I use XM on my phone?

Yes. XM offers mobile trading through three options: the MT4 mobile app (iOS and Android), the MT5 mobile app (iOS and Android), and the XM App (XM's own proprietary app). All three allow you to open and close trades, manage positions, view charts, and access your account on the go. The XM App also integrates account management features like deposits and withdrawals directly.

Does XM offer a web-based trading platform?

Yes. XM provides WebTrader versions of both MT4 and MT5 that run directly in your web browser without any software installation. WebTrader supports core trading functionality including chart analysis, order placement, and account management. It works on any operating system (Windows, Mac, Linux, ChromeOS) as long as you have a modern web browser.

XM Trading Platforms MT4 vs MT5 — 2026

Q: Is XM good for beginners?

XM is generally considered beginner-friendly for several reasons: the minimum deposit is only $5, free demo accounts are available with virtual funds, MT4/MT5 are widely documented with abundant tutorials, XM provides free educational resources (webinars, video tutorials, daily market analysis), and customer support is available in 30+ languages. The Micro account allows trading with micro lots (0.01 lots = 1,000 units), reducing risk for new traders learning the basics.

XM supports both MetaTrader 4 and MetaTrader 5 — the two most widely used retail trading platforms in the world — plus its own proprietary mobile app. This guide compares all three options and helps you choose the right platform for your trading style and experience level.

By Daniel Reeves · Updated April 2026

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Platform Comparison: MT4 vs MT5 vs XM App

Feature	MetaTrader 4	MetaTrader 5	XM App
Timeframes	9	21	9
Built-in indicators	30	38	Basic set
Order types	4	6	Market & pending
Expert Advisors (EAs)	Yes (MQL4)	Yes (MQL5)	No
Depth of market	No	Yes	No
Economic calendar	No (external)	Built-in	Yes
Hedging	Yes	Yes	Yes
Desktop	Windows, Mac	Windows, Mac	N/A
WebTrader	Yes	Yes	N/A
Mobile	iOS, Android	iOS, Android	iOS, Android
Deposits/Withdrawals	No (use Members Area)	No (use Members Area)	Yes (built-in)

MetaTrader 4 (MT4)

MT4 is the most widely used forex trading platform globally, released by MetaQuotes in 2005. Despite its age, it remains the go-to choice for many traders due to its stability, simplicity, and massive ecosystem of custom indicators and Expert Advisors.

Best for: Forex-focused traders, EA users with MQL4 code, those who prefer a simpler interface
Limitations: Fewer timeframes (9 vs 21), no built-in economic calendar, limited backtesting compared to MT5
One-click trading: Supported — essential for scalpers and fast execution

MetaTrader 5 (MT5)

MT5 is MetaQuotes' next-generation platform, offering more analytical tools, additional timeframes, and improved backtesting. It supports a wider range of financial instruments and uses the MQL5 programming language for custom indicators and EAs.

Best for: Multi-asset traders, advanced analysts, traders building new EAs in MQL5
Advantages over MT4: 21 timeframes, depth of market, built-in economic calendar, multi-threaded backtesting, more order types
Note: MT4 EAs are not directly compatible with MT5 — they need to be rewritten in MQL5

XM Mobile App

XM's proprietary app combines trading and account management in one interface. It allows you to place trades, manage deposits and withdrawals, view market analysis, and contact support — all from your phone.

Best for: Mobile-first traders who want a unified app experience
Limitations: No EA support, fewer chart tools than desktop MT4/MT5

Which Platform Should Beginners Choose?

If you're new to forex trading, here's a practical recommendation:

Start with MT4 if you want the simplest learning curve, abundant beginner tutorials, and maximum compatibility with online resources.
Choose MT5 if you plan to trade beyond forex (stocks, commodities) or want more analytical tools from the start.
Use the XM App alongside MT4/MT5 for quick account management, deposits, and market updates on the go.

You can always open a second account with the other platform — XM allows multiple accounts under one profile.

Is XM Good for Beginners?

XM is widely considered beginner-friendly, and here's why:

Low barrier to entry: $5 minimum deposit on all account types
Free demo account: Practice with virtual funds on MT4 or MT5 before risking real money
Educational resources: Free webinars, video tutorials, forex education articles, and daily market research
Micro account: Trade with micro lots (0.01 lot = 1,000 units) for minimal risk exposure
Multi-language support: Customer service in 30+ languages including live chat
$30 no-deposit bonus: Start trading without depositing your own money (where available)

Caveat: "Beginner-friendly" means the broker is accessible — it does not mean forex trading is easy or low-risk. Between 74% and 89% of retail CFD accounts lose money.

How to Download and Install

Register for an XM account and choose MT4 or MT5 during sign-up
Log in to the XM Members Area
Download your chosen platform from the "Platforms" section (Windows, Mac, iOS, or Android)
Log in to the platform using the credentials sent to your email after registration
WebTrader alternative: Access MT4/MT5 directly in your browser without installing anything

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Daniel Reeves Financial Writer & Forex Analyst

Independent financial writer and retail trader with 12+ years of experience in the forex and CFD markets. Background in software engineering; writes practical broker guides in plain language.

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Disclaimer: Independent educational content. XM product terms, leverage limits, and regulatory entities vary by country. CFD trading involves significant risk of loss. Always verify current terms on XM's official website for your jurisdiction before opening an account.