FXMARE editorial rating, not user reviews.
XM is a globally recognised multi-regulated broker founded in 2009, best known for its $5 minimum deposit, industry-leading educational content, and 1,400+ instruments across MT4/MT5 and a proprietary TradingView-powered web platform.
Spreads, minimum deposit and leverage are indicative and vary by account type and jurisdiction — confirm current terms on the broker’s site.
XM is a globally recognised multi-regulated broker founded in 2009, best known for its $5 minimum deposit, industry-leading educational content, and 1,400+ instruments across MT4/MT5 and a proprietary TradingView-powered web platform.
XM (XM Group) is regulated by CySEC (Cyprus), ASIC (Australia), FCA (UK), DFSA (UAE / Dubai), FSCA (South Africa), FSA (Seychelles), FSC (Belize), FSC (Mauritius), CMA (Kenya). Independently verifiable licences include FCA (UK) — Trading.com Markets UK Ltd, FRN 705428; DFSA (Dubai) — Trading Point MENA Limited, F003484. It carries strong, well-established regulatory oversight.
EUR/USD spreads start around 0.1 pips on the raw/ECN account (about 1.7 pips on the standard, commission-free account), with $7 (Zero account only; Standard and Ultra Low are commission-free) commission. The minimum deposit is $5 and maximum retail leverage is 1:30 (EU/UK under CySEC/FCA); up to 1:1000 (offshore entities, e.g. Belize). Swap-free (Islamic) trading is offered conditionally — Available on request for clients with religious grounds. Ultra Low account is inherently swap-free on 28 major currency pairs plus Gold and Silver. On other account types, Islamic swap-free status is granted on request; XM reserves the right to apply Fair Value Adjustments on Cash Energies and Spot Metals CFDs held overnight, and can revoke swap-free status at sole discretion without notice. No time limits explicitly stated, but conditions apply per instrument class..
Platforms include MT4, MT5, TradingView, XM Mobile App. XM (XM Group) provides ~1,400+ CFDs (55+ forex pairs, 1,200+ stock CFDs, 30+ indices, 8+ commodities, 60+ crypto CFDs, thematic indices) across Forex, Stocks, Indices, Commodities, Crypto, funded via Credit/Debit Card, Bank Wire Transfer, Skrill, Neteller, Perfect Money, Apple Pay.
XM is a well-established, broadly regulated broker with genuine tier-1 oversight from CySEC, ASIC, FCA, and DFSA, making it a credible choice for traders in the EU, UK, and Australia. Its ultra-low entry cost, prolific education suite, and built-in swap-free Ultra Low account stand out. The main weaknesses are its wide Standard account spreads, the restriction of the Zero (raw spread) account to EU-entity clients only, and a 2025 enforcement action by the Philippine SEC for operating without a local licence — which, while jurisdiction-specific, is worth noting for risk-conscious traders.
Headquarters: Limassol, Cyprus · Funding: Credit/Debit Card, Bank Wire Transfer, Skrill, Neteller, Perfect Money, Apple Pay, Google Pay, SticPay
Licence numbers link to each regulator’s public register so you can verify them yourself. Last checked 2026-06-25.
XM (XM Group) is authorised by CySEC (Cyprus), ASIC (Australia), FCA (UK), DFSA (UAE / Dubai), FSCA (South Africa), FSA (Seychelles), FSC (Belize), FSC (Mauritius), CMA (Kenya). Brokers regulated in tier-1 jurisdictions are generally required to hold client money separately from company funds and may offer protections such as negative-balance protection or an investor-compensation scheme — the exact safeguards depend on the entity you sign up with. As with all trading, your capital is at risk. Confirm which entity, licence and protections apply to your country on the regulator’s register before funding an account.
Available on desktop, web and mobile. Tradable across Forex, Stocks, Indices, Commodities, Crypto. Track every position you take with XM (XM Group) in the FXMARE trading journal.
XM is a well-established, broadly regulated broker with genuine tier-1 oversight from CySEC, ASIC, FCA, and DFSA, making it a credible choice for traders in the EU, UK, and Australia. Its ultra-low entry cost, prolific education suite, and built-in swap-free Ultra Low account stand out. The main weaknesses are its wide Standard account spreads, the restriction of the Zero (raw spread) account to EU-entity clients only, and a 2025 enforcement action by the Philippine SEC for operating without a local licence — which, while jurisdiction-specific, is worth noting for risk-conscious traders.
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