XM UAE Review 2026: DFSA, Mauritius and What the Agreement Actually Says

Short answer#

Which company would hold the account?#

XM's regulation page also lists CySEC, FSCA, CMA Kenya, FSA Seychelles, FSC Belize and BVI FSC entities. Those are group licences. They do not attach to a UAE account unless that company is the one in the agreement. FCA 705428 and ASIC 443670 belong to the separate Trading.com brand. Tradexfin Limited (FSA Seychelles SD010) runs the separate XMTrading brand. Neither is the DFSA firm.

For the domain map, read xm.com vs xmglobal.com.

What the DFSA register actually says#

The register entry, checked on 13 October 2026, is narrow and specific:

• Legal status: DIFC company
• Address: Park Towers, DIFC, Dubai
• Date of licence: 10 September 2019
• Endorsements: retail clients, and holding or controlling client assets
• Restriction: dealing in investments as principal is limited to matched-principal deals

Matched principal means the firm stands between the client and a matching trade. It is not a promise that prices will be better, that withdrawals will be instant, or that losses are covered by a compensation scheme. DFSA protection is the rulebook of that firm. It is not FSCS cover, and it is not the CySEC Investor Compensation Fund.

Accounts, cost and bonuses#

XM's account-types page, checked the same day, shows:

• Standard and Ultra Low from $5
• Shares from $10,000
• Negative balance protection, hedging and an Islamic option listed as standard

Micro and Ultra Low Micro are the 1,000-unit versions of the Standard and Ultra Low pricing models. Forex CFD accounts in this lineup are spread-only. The Shares account is real-share dealing on MT5, not a CFD, and it uses a per-trade commission.

Deposit-bonus programmes exclude Ultra Low, swap-free and Shares accounts. If a bonus matters more than the spread, Standard or Micro is the account to check inside the Members Area. The tile, not this article, decides eligibility. See the XM promotions hub.

Islamic accounts for UAE traders#

An Islamic setting is a contractual swap-free mode on eligible symbols. XM's account-types page lists it as standard, but the live symbol list, any admin fee, and any holding limit still have to be read after activation. Swap-free accounts are also excluded from several deposit-bonus programmes, so the financing choice and the bonus choice are not the same decision.

Gold is the symbol where this gets expensive if you assume "no swap" means "no cost". Read XM Islamic accounts for GCC traders and XM swap-free gold before you hold XAU/USD overnight.

Checklist before you deposit#

• Write down the exact company name in the client agreement.
• If it is Trading Point MENA Limited, confirm F003484 on the DFSA register.
• If it is XM International MU Limited, confirm GB23202700 on XM's regulation page and treat the account as a Mauritius account.
• Ignore 1:1000 marketing until the instrument specification in your platform shows the cap.
• Pick Standard or Micro if you intend to use a deposit bonus; do not pick Ultra Low for that reason.
• Complete KYC in your own name, then send a small deposit and request a small withdrawal before you scale.
• Keep the payment beneficiary identical to the company you verified.

Glossary#

• DFSA — Dubai Financial Services Authority, the regulator of the DIFC.
• DIFC — Dubai International Financial Centre, a separate jurisdiction inside Dubai.
• Matched principal — the firm deals as principal only where a matching trade exists.
• Client agreement — the contract that names the company you are actually dealing with.
• Swap-free — a financing setting that aims to remove overnight interest on eligible symbols.

Related reading#

• Best forex brokers in the UAE 2026
• Forex trading in the UAE
• XM account types
• XM restricted countries

Future cluster pages that would sit next to this review: an XM Saudi Arabia entity check, an XM South Africa FSCA review, and an XM Kenya CMA review.