XM

XM Broker Overview

XM is a forex and CFD brand operated by a group of companies trading under the XM name. Its main website, xm.com, is operated by Trading Point of Financial Instruments Limited, a Cyprus company with registration number HE 251334 based at 12 Richard and Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, which provides investment and ancillary services to residents of the European Economic Area. That company is confirmed on the Cyprus company register kept by the Department of Registrar of Companies and Intellectual Property, which records it as incorporated on 19 June 2009, on a check made on 20 October 2026. The site publishes two account plans, both with a 5 USD minimum deposit and leverage up to 1:30, traded through MetaTrader 4, MetaTrader 5 and XM's own mobile app.

XM Regulation and License

XM operates through several legal entities, and the authorisation a client deals under depends on which company holds the account. Three authorisations are on record:

• Cyprus Securities and Exchange Commission (CySEC), licence 120/10, held by Trading Point Of Financial Instruments Ltd, the company that operates xm.com. The licence stands on the CySEC register, which lists www.xm.com among the approved domains for it, and carries a licence date of 5 August 2010. Its permissions include reception and transmission of orders, execution of orders on behalf of clients and dealing on own account. Confirmed on the register on 20 October 2026.
• Financial Services Commission of Belize, licence 8557558, held by XM Global Limited, covering trading in securities as principal and arranging transactions in securities, with an effective date of 1 January 2025. Confirmed on the commission's register on 20 October 2026, where www.xm.com and www.xmglobal.com are recorded as the licensee's domains.
• Dubai Financial Services Authority (DFSA), reference F003484, held by Trading Point MENA Limited in the Dubai International Financial Centre, recorded as in force with an effective date of 10 September 2019.

XM's own footer disclosures name further group companies with their own stated authorisations: XM International MU Limited in Mauritius, citing Financial Services Commission investment dealer licence GB23202700; XM (SC) Limited in the Seychelles, citing Financial Services Authority securities dealer licence SD190; and XM ZA (Pty) Ltd in South Africa, citing FSCA financial service provider authorisation 49976, with derivative products supplied by XM Global Limited. Those three are statements XM makes about itself rather than authorisations on record here.

Trading Point of Financial Instruments Limited and the XM group

The brand name and the operating company are not the same thing here, which matters when deciding who a client is actually contracting with. Trading Point of Financial Instruments Limited is the Cyprus investment firm named in the client agreement as the company providing XM's brokerage services and in the site footer as the operator of the website. Trading Point Holdings Ltd is named in that footer as the group company that owns the XM trading name, though no jurisdiction or company registration number is published for it. The group runs a second XM site at xmglobal.com, which carries the same branding but states in its own footer that it is regulated by the Financial Services Commission of Mauritius under investment dealer licence GB23202700 in the name of XM International MU Limited, and which advertises bonuses, copy trading and trading competitions that the European site does not. The other companies XM names include XM Global Limited in Belize, XM (SC) Limited in the Seychelles, XM ZA (Pty) Ltd in South Africa under registration number 2018/527968/07, Trading Point MENA Limited in the Dubai International Financial Centre, XM Financial Products Promotion L.L.C in Dubai under registration number 1464395, registered with the Department of Economic Development of Dubai and described as an exclusive partner of XM International MU Limited, and Trading Point of Financial Instruments UK Ltd, named in the privacy policy as the group's United Kingdom representative for data protection enquiries.

Is XM Regulated?

Yes, and the detail that matters is which company. Trading Point Of Financial Instruments Ltd, which operates xm.com, holds CySEC licence 120/10 confirmed on the Cyprus regulator's own register, and XM Global Limited in Belize holds licence 8557558 confirmed on the Belize register, with a third authorisation on record for the group's company in the Dubai International Financial Centre. The practical question for a prospective client is therefore not whether the group holds licences somewhere but which company will hold their account, because the regulator, the rules and the client protections all follow from that. A client onboarded through xm.com in the European Economic Area contracts with the Cyprus company; a client onboarded through the group's global site contracts with the Mauritius company instead.

Is XM Safe?

Regulation on its own does not make a broker safe, so the supported factors are worth separating. In XM's favour, the operator of its main site is a named company whose Cyprus registration is confirmed on the national company register, with a published registration number and a physical Limassol address, and that entity states that client money is held in segregated accounts with European Tier 1 banking institutions, separate from the company's own funds, with Investor Compensation Fund cover and monthly and quarterly reporting to the Cyprus regulator. The Cyprus Investor Compensation Fund covers eligible retail clients up to 20,000 EUR in total per client for eligible claims, and it never covers trading losses. Against that, the cover belongs to the Cyprus company rather than to the group: an account held by the Belize company carries no statutory investor compensation scheme and no ombudsman, and the Dubai regime provides no compensation scheme either, relying on client money segregation instead. Which company a client is onboarded to therefore decides what protection exists if the firm fails.

XM Account Types

xm.com publishes two plans, and both carry the same 5 USD minimum deposit, the same 1:30 maximum leverage and the same 50 percent stop-out level.

• Ultra Low Account: no commission, with spreads advertised from 0.8 on EURUSD and USDJPY and from 2.4 on gold.
• Zero Account: spreads advertised from 0 on EURUSD and USDJPY and from 1.6 on gold, with commission charged instead.

A Micro account is a format of the Ultra Low plan rather than a third plan, trading in micro lots where one lot is 0.10 USD, and XM states it offers no Mini, Nano, Cent or corporate accounts. Both plans reach the same markets: forex, precious metals, equity indices, stocks, thematic indices, commodities, energies and ETF CFDs. The accounts page states that negative balance protection, hedging and an Islamic option are standard on all accounts, but the detail matters: the same page shows swap free as available on Ultra Low and not on Zero, and XM's help centre states that only selected instruments are swap free for Ultra Low holders, directing clients to check each symbol in the platform. Anyone who needs swap free treatment on a particular instrument should confirm it per symbol rather than assume it applies across the account.

XM Spreads, Commissions and Fees

Spreads are variable. The Zero account charges 3.50 USD per 100,000 USD traded, and how that is taken differs by platform: on MetaTrader 4 the whole commission is deducted when a position is opened, while on MetaTrader 5 it is deducted at both opening and closing. The Ultra Low account carries no commission. XM also charges a dormancy fee of 10 USD a month on an account inactive for more than 90 days, or the full available balance where that is below 10 USD, with nothing charged on a zero balance, and a live account left at a zero balance for more than 90 days is archived and cannot be reopened.

XM Leverage

Both plans on xm.com cap leverage at 1:30. That ceiling reflects the European retail limit applying to the Cyprus company's clients, and it should not be read as the maximum across every company in the group.

XM Trading Platforms

XM offers MetaTrader 4, MetaTrader 5 and its own XM App, and both account plans can be opened on either MetaTrader platform. The difference that affects what a client can trade is that multi asset trading, including stock CFDs, is available only on MetaTrader 5 accounts, which also carry the XM WebTrader; MetaTrader 4 at XM does not offer stock CFDs. Both run on PC, Mac, the browser and the mobile and tablet apps, and both support Expert Advisors. The XM App is XM's own iOS and Android application, covering trading on all XM accounts, funding and withdrawals, integrated TradingView charts, watchlists, market insights and price alerts.

XM Deposits and Withdrawals

XM publishes four categories of payment option and no individual provider: credit and debit cards, bank transfers, local transfers and e-wallets. No card scheme, bank, wallet brand or coin is named anywhere on its public site, and the options that apply to an account are shown only after logging in. A prospective client therefore cannot confirm before registering that a preferred payment method is supported.

The minimum deposit or withdrawal is 5 USD for any account type, and XM states the minimum varies by payment method without publishing the per method figure. XM states that it charges no deposit or withdrawal fees and that, for international bank wires, it covers all fees imposed by its own bank on transactions of 200 USD or more; below that threshold the client carries the correspondent bank's charges, which are not XM's fee. XM adds that this position is subject to change at any time, so it is a current statement rather than a guarantee. Withdrawal requests are described as processed instantly, with the client receiving the money the same day, while withdrawals by bank wire, credit or debit card usually take 2 to 5 business days to arrive; no separate time is published for local transfers or e-wallets.

Three conditions matter before you fund an account. Withdrawals are not routed freely: the exact amount deposited by a given method is returned to that same source first, after which any remaining balance can be withdrawn by a new request through any available method. XM accepts no third party deposits or withdrawals, so money must come from, and return to, an account belonging to the client. And XM states that credit card payments are not available to clients registered in Spain. Withdrawing with positions open is permitted against the available balance, but a request that would take the account's margin level below 150 percent is refused during the week, and below 400 percent at the weekend.

XM Support

Support hours differ by channel, which is easy to miss. Live chat is available 24 hours a day, seven days a week, while telephone support on +357 25029933 runs from 08:00 to 22:00 on weekdays only. XM also publishes the email address support@xm.com, a help centre and one Telegram support channel. It advertises multilingual support on both its contact and home pages but names no individual languages, and the only office it publishes is the Limassol headquarters.

XM Pros and Cons

Strengths, on the evidence above: a 5 USD minimum deposit and two clearly differentiated plans, one commission free and one with spreads advertised from zero; MetaTrader 4, MetaTrader 5 and a proprietary app, with stock CFDs on MetaTrader 5; a stated no fee position on deposits and withdrawals, including XM covering its own bank's wire charges at 200 USD and above; live chat around the clock; a CySEC licence and a Belize licence each confirmed on the issuing authority's own register; and an operating company whose Cyprus registration is confirmed on the national register, with a Limassol address and a stated segregated client money arrangement with Investor Compensation Fund cover.

Limitations, on the same evidence: leverage on this site is capped at 1:30; no payment provider is named publicly, and neither per method minimums nor processing times for local transfers and e-wallets are published; a 10 USD monthly dormancy fee applies after 90 days of inactivity; withdrawals must retrace the deposit route and no third party payments are accepted; card payments are unavailable to clients registered in Spain; swap free treatment is per instrument rather than account wide, despite the standard Islamic option claim; and the client protection that applies depends on which group company holds the account, with the Belize and Dubai companies carrying no compensation scheme.

XM Review and Assessment

XM presents as a multi entity brokerage group whose European site is operated by a Cyprus investment firm with both its company registration and its CySEC licence confirmed on the relevant official registers, offering a low entry barrier, a conventional MetaTrader offering alongside its own app, and a stated policy of charging nothing on deposits and withdrawals. The single most important thing to establish before funding an account is which company in the group will hold it, because the licence, the rules and the compensation cover all follow from that, and the group's companies are spread across Cyprus, Belize, Mauritius, the Seychelles, South Africa and Dubai. A client should also confirm that an intended payment method, and any swap free instrument they rely on, is actually available to them, since neither is published before registration.