Overview
XM was founded in 2009 and is headquartered in Limassol, Cyprus. Listing: Private (Trading Point group). Markets on offer include Forex, Indices, Commodities, Stock CFDs and more, through 3 platforms.
What we like
- Very low minimum deposit outside the EU
- MT4 and MT5 plus its own mobile app
- Accepts residents of a very wide list of countries
- Standard, Ultra Low and Shares account types
Watch out for
- Not available in the US, Canada, Israel or the UK
- Most non-EU clients are onboarded by an offshore entity with lighter protection
- Dormant account fee after 90 days without activity
Regulation and safety
EU clients are served by Trading Point of Financial Instruments Ltd under CySEC supervision, with ESMA leverage limits and negative balance protection. Clients outside the EU are usually onboarded by XM Global Limited in Belize, where leverage is higher and investor protection is weaker.
| Entity | Regulator | Serves |
|---|---|---|
| Trading Point of Financial Instruments Ltd | CySEC | EU / EEA |
| Trading Point MENA Limited | DFSA (Dubai) | Middle East |
| XM Global Limited | FSC (Belize) | Other countries |
Fees
The Standard account is commission-free with costs built into the spread; the Ultra Low account offers tighter spreads. Swaps apply on positions held overnight. A monthly dormant fee is charged after 90 days of inactivity.
| Broker | Account | EUR/USD spread | Commission | Cost of 1 lot EUR/USD | Withdrawal | Inactivity | Currency conversion |
|---|---|---|---|---|---|---|---|
| XMSource: fxfan.club – XM spread list (Sept 2026), checked 6 October 2026 | Ultra Low | 1.1 pipsXM's published average | None (in the spread) | $11.00 | No XM fee; XM covers bank charges on wires of $200 or more | $5–10/month after 90 days dormant (sources differ by entity) | Not separately published |
Compare fees across all brokers
Account opening
Online sign-up with an ID document and proof of address. EU clients also complete an appropriateness test. The minimum deposit is $5 on Standard and Ultra Low accounts.
Deposits and withdrawals
Cards, bank wire and e-wallets, depending on your country. XM charges no deposit or withdrawal fees and covers bank charges on wires of $200 or more.
Customer support
XM advertises 24/7 support by chat, phone and email in more than 30 languages.
Platforms
XM supports MetaTrader 4 and MetaTrader 5 on desktop, web and mobile, plus its own XM app for account management and trading. MetaTrader gives access to expert advisors, custom indicators and the MQL5 community.
- MetaTrader 4
- MetaTrader 5
- XM app
Markets
- Forex
- Indices
- Commodities
- Stock CFDs
- Crypto CFDs
- Real shares (Shares account)
Who should avoid XM
- You live in the US, Canada, the UK or Israel
- You live in India, where XM appears on the RBI Alert List
- You want EU-level protection but would be onboarded by an offshore entity
- You leave accounts idle for months (dormant fee after 90 days)
Where XM accepts clients
XM does not accept residents of the US, Canada, Israel, Iran or sanctioned countries, and does not onboard UK residents. We also list Japan and Australia as unavailable for XM.com — verify locally. By our count that is 187 of the 197 countries we track.
Show all 187 countriesHide countries
Europe
Asia
Africa
Americas
Sources: tradingbeasts.com. Brokers change their lists without notice; the broker's sign-up form is the final word.
Latest XM news
Clone websites impersonate XM
ASIC has flagged several websites posing as XM's Australian entity, and the FCA has warned about firms copying details of XM's former UK company. Check the web address and legal entity before depositing.
Source: DayTrading.com
GOLD24-7 brings weekend gold trading
XM launched GOLD24-7, a product that lets clients trade gold over the weekend when regular markets are closed. Weekend prices can gap sharply against Monday's open, so size positions carefully.
Source: FX News Group
Upgraded web platform with TradingView charts and an AI assistant
XM refreshed its trading interface with smarter charting, market monitoring and trading from inside the chart. Its WebTrader now uses TradingView charts, and the XM app includes an AI assistant for market questions.
Source: Traders Union
UAE licence from the SCA (Category 5)
XM received a Category 5 licence from the UAE's Securities and Commodities Authority and launched xm.ae. Category 5 covers promotion and introducing services; it does not allow holding client money or executing trades locally, so UAE clients still trade with another XM entity.
Source: Finance Magnates
Frequently asked questions
Is XM safe?
EU clients are served by Trading Point of Financial Instruments Ltd under CySEC supervision, with ESMA leverage limits and negative balance protection. Clients outside the EU are usually onboarded by XM Global Limited in Belize, where leverage is higher and investor protection is weaker.
What is the minimum deposit at XM?
$5. The amount can depend on your country, the entity you sign with and the payment method.
Which platforms does XM offer?
MetaTrader 4, MetaTrader 5, XM app.
In how many countries does XM accept clients?
By our count XM accepts residents of 187 of the 197 countries we track. XM does not accept residents of the US, Canada, Israel, Iran or sanctioned countries, and does not onboard UK residents. We also list Japan and Australia as unavailable for XM.com — verify locally.
Does XM offer CFDs?
Yes.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. Consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Each broker publishes its own current loss percentage on its website.