This profile is built from public sources. Each licence row below shows whether our team has checked it against the regulator's register yet. Always confirm on the register yourself before you deposit.
XM is a large retail broker with a very low minimum deposit and a strong presence in emerging markets. Clients outside the EU, Australia and the UAE are typically served by its Belize entity.
Serving you from: XM Global Limited — FSC Belize Tier 3 (offshore)
Strengths
- Minimum deposit of $5
- CySEC, ASIC and DFSA licences in the group
- Extensive education and local-language support
Weaknesses
- Only MetaTrader platforms
- Standard account spreads are wider than raw-spread competitors
- Most international clients are served offshore from Belize
Best for: Beginners who want to start small on MetaTrader.
Key facts
- Founded
- 2009
- Headquarters
- Cyprus
- Publicly listed
- No
- Group regulators
- CySEC, ASIC, DFSA, FSC Belize
- Min. deposit
- $5
- Platforms
- MetaTrader 4, MetaTrader 5
- Execution
- Market maker
- Copy trading
- Yes
- Islamic account
- Yes
- Demo account
- Yes
Regulation and legal entities
A broker brand is usually several companies. The one you open an account with decides your leverage limit, whether you have negative balance protection, and which compensation scheme, if any, covers you.
| Legal entity | Regulator | Licence no. | Max. leverage | Our check |
|---|---|---|---|---|
| Trading Point of Financial Instruments Ltd Cyprus · ICF up to €20,000 | CySEC Tier 2 | 120/10 | 1:30 | Not yet verified by us Open register |
| Trading Point of Financial Instruments Pty Ltd Australia | ASIC Tier 1 | 443670 | 1:30 | Not yet verified by us Open register |
| Trading Point MENA Limited United Arab Emirates | DFSA Tier 2 | F003484 | Varies | Not yet verified by us Open register |
| XM Global Limited Belize | FSC Belize Tier 3 (offshore) | To be confirmed | Varies | Not yet verified by us Open register |
Accounts and fees
| Account | Pricing | EUR/USD spread from (advertised) | Commission per lot, round turn | Min. deposit |
|---|---|---|---|---|
| Standard | Spread only | 1.0 pips | — | $5 |
| Ultra Low | Spread only | 0.6 pips | — | $5 |
Figures in this table are the broker's own advertised conditions, not our measurements. Advertised “from” spreads are best-case values.
Spreads we measured
We have not measured live spreads for this broker yet. Until we do, cost does not count towards its rating.
Platforms and execution
XM offers MetaTrader 4, MetaTrader 5. Execution model as described by the broker: Market maker.
Deposits and withdrawals
We have not run our own deposit and withdrawal test with this broker yet. When we do, the log appears here with dates and times.
Country availability
Pick your country at the top of the page to see which XM entity would serve you.
Not accepted, according to the broker: United States.
Alternatives with a shared regulator
| Broker | Trust Score | Your entity & regulator | Min. deposit | Platforms | |
|---|---|---|---|---|---|
| CMC Markets Since 1989 · LSE: CMCX | 91/99 | FCA #173730 CMC Markets UK plc | $0 | Own platform, MetaTrader 4, TradingView | Review Visit CMC MarketsOfficial site · we earn no commission here |
| Interactive Brokers Since 1978 · NASDAQ: IBKR | 91/99 | CFTC/NFA #0258600 Interactive Brokers LLC | $0 | Own platform, TradingView | Review Visit Interactive BrokersOfficial site · we earn no commission here |
| City Index Since 1983 · NASDAQ: SNEX (parent) | 89/99 | FCA #446717 StoneX Financial Ltd | — | Own platform, MetaTrader 4, TradingView | Review Visit City IndexOfficial site · we earn no commission here |
Trust Score and regulator are shown for the legal entity that serves your country. Change country at the top of the page.
Frequently asked questions
Is XM regulated?
XM operates through 4 legal entities in our database, holding licences or registrations with: CySEC, ASIC, DFSA, FSC Belize. Which entity you sign up with depends on where you live, and so does the protection you get. Check the licence number on the regulator's own register before you deposit.
What is the minimum deposit at XM?
XM advertises a minimum first deposit of $5 on its entry-level account. The amount can differ by entity, account type and payment method.
Which trading platforms does XM offer?
XM offers: MetaTrader 4, MetaTrader 5. Platform availability can vary between its entities.
Is XM a safe broker?
No broker is risk-free. Our Global Trust Score for XM is 40 out of 99. The score reflects the regulator tier of the entity that serves you, the group's other licences, company structure and track record. It says nothing about whether trading will be profitable for you.