- XM is a multi-asset broker founded in 2009 serving over 20 million clients across 190+ countries with licenses from CySEC, DFSA, FSCA, FSA, CMA, and FSC regulators
- The broker offers four account types (Micro, Standard, Ultra Low, Shares) with minimum deposits starting at $5 and leverage up to 1:1000
- Your regulatory protection depends on which XM entity serves your country — the CySEC (EU) entity caps leverage at 1:30 while offshore entities allow up to 1:1000
- XM provides 1,400+ instruments, extensive educational resources, multilingual support in 30+ languages, and both MT4 and MT5 trading platforms
Regulated Global Broker Trusted by 20M+ clients worldwide
- Trade 1,400+ instruments
- Country-based bonus offers where eligible
- MT4 & MT5 available
- Easy deposits and withdrawals
- Leverage up to 1000:1, where available
- Copy Trading: auto-copy expert strategy managers
June 2026 field note: XM details can vary by country and legal entity. Before following this guide, compare the current signup or Members Area wording with the points below, especially account type, bonus and withdrawal conditions.
What is XM?#
XM (trading name of Trading Point Holdings Ltd) is a globally recognized multi-asset broker founded in 2009 in Cyprus. Over the past 17 years, XM has grown into one of the largest retail brokers in the world, serving more than 20 million clients across 190+ countries. The broker provides access to Forex, stock CFDs, commodities, indices, precious metals, energies, and cryptocurrency CFDs — all from a single trading account.
XM Global is known for its low entry barrier, extensive educational resources, and multilingual customer support available in 30+ languages. Whether you are a first-time trader or an experienced professional, XM offers account types and tools designed to fit a wide range of trading styles and experience levels.
Licenses and Regulation#
Regulation is the most important factor when evaluating any broker. XM operates through separate legal entities in each jurisdiction, each licensed by the local financial authority. All entities listed below are part of Trading Point Group and are fully authorised to operate under the XM brand. The entity that serves you — and the protections you receive — depend on your country of residence.
| Regulator | Entity | License No. | License Type | Region |
|---|---|---|---|---|
| CySEC (Cyprus) | Trading Point of Financial Instruments Limited | 120/10 | Authorised CIF | EU / EEA |
| DFSA (Dubai) | Trading Point MENA Limited | F003484 | Authorised Firm | DIFC / Middle East |
| FSCA (South Africa) | XM ZA (Pty) Ltd | 49976 | Financial Services Provider | South Africa |
| FSC (Belize) | XM Global Limited | 8557558 | XM regulation page | Global / International |
| FSA (Seychelles) | XM (SC) Limited | SD190 | Securities Dealer Licence | Global / International |
| FSC (Mauritius) | XM International MU Limited | GB23202700 | Investment Dealer Licence | Africa / Asia |
| CMA (Kenya) | TPXMGLOBAL Kenya Limited | 233 | Non-Dealing Online Forex Broker | East Africa |
💡 Why does this matter? Each entity operates under different regulatory rules. For example, CySEC (EU) caps retail leverage at 1:30 and provides investor compensation schemes (ICF up to €20,000). The FSC (Belize) entity allows leverage up to 1:1000 but offers less regulatory protection. When you open an account, XM assigns you to the entity that serves your country — always check which entity and regulator applies to your account in your Client Agreement.
This multi-jurisdictional regulatory framework means that XM must comply with strict capital adequacy requirements, segregated client fund policies, and regular external audits. Client funds are held in separate accounts at top-tier banks and are not used for the company's operational expenses.
Restricted Regions
XM does not accept clients from the United States, Canada, Israel, and the Islamic Republic of Iran (along with other sanctioned countries). Additionally, XM's services are not directed at residents of countries where such use would violate local laws or regulations — it is the user's responsibility to confirm compliance with local legislation before accessing XM's services.
Account Types#
XM offers four main account types, each designed for different trader profiles:
| Feature | Micro | Standard | Ultra Low | Shares |
|---|---|---|---|---|
| Min. Deposit | $5 | $5 | $5 in most regions | $10,000 |
| Spread | From 1.0 pip | From 1.0 pip | From 0.6 pip | Variable |
| Commission | None | None | None | Per trade |
| Contract Size | 1,000 units | 100,000 units | 100,000 units | 1 share |
| Max Leverage | 1:1000 | 1:1000 | 1:1000 | 1:1 |
| Islamic Option | Yes | Yes | Yes | No |
The Micro Account is well suited for beginners who want smaller position sizes while learning live-market mechanics, while the Ultra Low Account appeals to active traders seeking tighter spreads without commission. For a full dollar-level breakdown of every XM cost — spreads, swaps, conversion and inactivity — see our XM spreads, fees and commissions guide.
Trading Platforms#
XM supports three main trading platforms:
- MetaTrader 4 (MT4): The industry standard, ideal for Forex trading with Expert Advisors (EAs), custom indicators, and one-click trading.
- MetaTrader 5 (MT5): The next-generation platform offering more timeframes, an integrated economic calendar, depth of market, and access to stock CFDs.
- XM App: A proprietary mobile trading application available on iOS and Android, combining trading functionality with educational content and account management.
All platforms support desktop, web, and mobile versions, giving traders full flexibility to monitor and manage positions from anywhere.
Key Features#
- 1,400+ tradable instruments across 8 asset classes
- Leverage up to 1:1000 (varies by entity and instrument)
- Negative balance protection on all account types
- No requotes, no hidden fees
- Ultra-fast execution with 99.35% of orders filled in under 1 second
- 13.5 billion+ trades executed on XM platforms, according to XM's public homepage figures
- Zero rejections or requotes claimed in XM's current execution marketing
- Free VPS hosting for qualifying clients
- XM Copy Trading and XM Competitions for eligible regions, including Strategy Manager copying and cash-prize demo contests
- Educational resources including webinars, video tutorials, and daily market analysis
- Loyalty program with XM Points redeemable for cash bonuses
Deposit and Withdrawal#
XM supports a variety of funding methods with zero deposit fees from the broker's side:
- Bank Wire Transfer
- Credit / Debit Cards (Visa, Mastercard)
- E-wallets (Skrill, Neteller)
- Local payment methods (varies by region)
Withdrawals are processed within 24 hours on business days. XM does not charge withdrawal fees for most methods, though your bank or payment provider may apply their own charges. XM's current homepage states that 92.9% of withdrawals are automatically approved, but the actual arrival time still depends on the payment method, bank network and regional checks. Profits must be withdrawn via bank transfer.
XM Welcome Deposit Bonus#
New clients who complete account verification may see a country-based welcome bonus in the Members Area. Depending on country and XM entity, this may be a $100 offer after qualifying funding or a $30 no-deposit/welcome version in other eligible regions. Profits earned from bonus-supported trading may be withdrawable once the trading volume requirements are met. This offer is subject to terms and conditions and may not be available in all regions.
Pros and Cons#
| Pros | Cons |
|---|---|
| Multi-regulated (CySEC, DFSA, FSCA, FSA, FSC, CMA) | Shares account requires $10,000 minimum |
| Low minimum deposit ($5) | Spreads on Micro/Standard accounts are average |
| 1,400+ instruments available | No proprietary desktop platform |
| welcome deposit bonus for eligible new clients | Inactivity fee after 90 days ($5/month) |
| Swap-free Islamic accounts | Limited cryptocurrency CFD selection |
| Excellent multilingual support (30+ languages) | Leverage restrictions under CySEC entity |
| Fast order execution (99.35% under 1 second) |
Who Should Choose XM?#
XM is a strong choice for:
- Beginners who want a low-cost entry point with educational support and a deposit bonus to practice live trading.
- Intermediate traders looking for tight spreads on the Ultra Low account, fast execution, and a reliable MT4/MT5 environment.
- Traders in emerging markets who value multilingual support, local payment methods, and region-specific promotions.
- Swap-free traders who require an Islamic account option with no overnight interest charges.
XM may not be the best fit for high-volume stock traders (due to the $10,000 minimum on the Shares account) or scalpers who require raw ECN spreads with commission-based pricing.
Want to see how XM compares? Read our detailed XM vs Exness vs IC Markets three-way comparison for a data-driven analysis of spreads, commissions, platforms, and features across all three brokers.
Education-first next step: practise on demo, calculate your risk per trade, then review the current XM account, bonus and withdrawal terms before opening or funding a live account. Check XM terms only after you understand the risks; eligibility depends on your country, legal entity and live campaign rules.
Risk Warning: Our services carry a significant level of risk and can result in the loss of your invested capital. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please read and ensure you fully understand our Risk Disclosures. Past performance is not indicative of future results. This content is for informational purposes only and does not constitute investment advice.
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