Can You Trade Cryptocurrencies on XM? Full Guide & Conditions

XM crypto trading opens up exciting opportunities for traders looking to profit from the volatility of digital assets. With access to major cryptocurrencies like BTC, ETH, and XRP, and the ability to trade with leverage, XM brings a professional and regulated environment to crypto CFD trading. 

Whether you’re a beginner or an experienced trader, XM provides the tools and support needed to explore the dynamic world of crypto. In this article, we’ll explore the supported cryptocurrencies, leverage, fee structure, trading conditions, and steps to begin your crypto journey with XM.

Does XM Support Cryptocurrency Trading?

Crypto trading refers to the process of speculating on the price movements of digital assets like Bitcoin (BTC), Ethereum (ETH), and others. Instead of owning the actual coins, traders use financial instruments such as CFDs (Contracts for Difference) to trade cryptocurrencies.

At XM, traders can access a wide range of financial markets, including cryptocurrencies. The platform supports crypto CFD trading, which allows users to go long (buy) or short (sell) on crypto pairs. This gives traders the opportunity to profit from both rising and falling markets.

While some crypto exchanges offer 24/7 trading, it’s important to note that XM crypto trading hours are typically available from Monday to Friday, in line with CFD market standards.

Cryptocurrencies Supported by XM

XM offers trading products on several of the most popular cryptocurrency pairs. These pairs are traded against the US Dollar and include:

• Bitcoin (BTC/USD).
• Ethereum (ETH/USD).
• Ripple (XRP/USD).
• Litecoin (LTC/USD).
• Bitcoin Cash (BCH/USD).

These instruments are available on both MT4 and MT5 platforms, giving traders access to powerful charting tools and real-time price data. The list may expand as XM cryptocurrency offerings evolve, so it’s worth checking the official website for the most current list.

Leverage Conditions for Crypto Trading

XM offers leverage on crypto CFDs, allowing traders to control larger positions with a smaller amount of capital. The maximum leverage available for crypto trading is typically:

• Up to 1:250 (depending on your account type and region)

While leverage can amplify profits, it also increases risk—especially in the volatile world of cryptocurrencies. XM provides negative balance protection to help limit potential losses, but traders should still use risk management strategies.

Trading Fees for Cryptocurrencies on XM

XM is known for its transparent and competitive pricing, and that extends to its cryptocurrency CFD products. When trading cryptocurrencies on XM, traders can expect the following fees:

• Spread: XM charges variable spreads on all crypto CFDs. For instance, the BTC/USD spread may fluctuate depending on market conditions and volatility.
• Swap (Overnight) Fees: If you hold a crypto position overnight, XM applies a swap fee—a type of interest for keeping positions open beyond trading day close. Swap rates depend on the asset, position direction, and market rates.
• No Commissions: XM does not charge additional commissions on crypto trades.  You won’t pay any additional per-lot or per-trade fee beyond the spread and swap.
• No Hidden Fees: XM is known for its fee transparency. There are no hidden charges such as deposit or withdrawal fees from XM’s side.

For traders who already understand what is forex, XM’s crypto CFDs offer a similar trading environment—leveraged instruments, spread-based pricing, and access via MT4/MT5—making it a cost-effective platform for high-frequency or small-position strategies.

How to Start Trading Cryptocurrencies on XM

Entering the world of XM crypto trading is a straightforward process, especially with the platform’s intuitive design and supportive environment. Here’s a step-by-step guide to help you begin your XM cryptocurrency trading journey smoothly.

Step 1: Register an XM Trading Account

The first step is to create an account on XM. Simply visit the official XM website and click “Open an Account.”

You’ll need to provide basic personal information such as your full name, country of residence, email address, and phone number. Next, choose your preferred trading platform—MT4 or MT5—and select your account type and base currency (USD, EUR, etc.).

Once completed, you’ll receive your account login details by email. This account gives you access to all available instruments, including cryptocurrency CFDs, across XM’s platforms. For those looking to explore XM products for beginners, this is the essential first step to access user-friendly instruments and build trading experience.

Step 2: Complete Account Verification (KYC Process)

Before you can begin trading, XM requires you to verify your identity to ensures the security.

To verify your account:

• Upload a clear photo of a government-issued ID (e.g., passport or national ID card).
• Provide a proof of address such as a recent utility bill or bank statement (issued within the last 6 months).
• Once verified (usually within 24 hours), your account will be fully activated and ready for deposits and trading.

Step 3: Fund Your Trading Account

After your account is verified, the next step is to deposit funds. XM supports multiple payment methods, including:

• Credit/debit cards (Visa, MasterCard).
• E-wallets (Skrill, Neteller).
• Bank wire transfers.
• Local payment gateways depending on your region.

Step 4: Install the Trading Platform (MT4 or MT5)

To start trading, you’ll need to download either MetaTrader 4 (MT4) or MetaTrader 5 (MT5). These platforms allow you to:

• Analyze charts in real-time.
• Apply technical indicators.
• Execute trades instantly.
• Monitor your portfolio.

Once installed, log in using the credentials provided by XM to connect to the live trading environment.

Step 5: Choose a Cryptocurrency Pair to Trade

Open the Market Watch window in MT4 or MT5, right-click, and select “Show All” to display all tradable assets. Look for popular crypto pairs such as:

• BTC/USD.
• ETH/USD.
• XRP/USD.
• …

Simply drag any of these symbols onto a chart to begin your analysis and prepare for trade execution.

Step 6: Execute Your First Crypto Trade

To open a trade, click “New Order” or right-click on the crypto chart and choose “Trade.” Enter the following:

• Volume (lot size).
• Optional Stop Loss and Take Profit.
• Then choose Buy (long) or Sell (short) depending on your market view.

With your first trade executed, you’re now officially participating in XM crypto trading.

XM cryptocurrency trading offers access to major digital assets like Bitcoin and Ethereum via CFDs, allowing flexible strategies with or without leverage. Although XM crypto trading hours are not 24/7, the platform compensates with tight spreads, reliable execution, and an intuitive interface. Let’s start trading cryptocurrencies on About Us XM today and take advantage of market opportunities in real-time.