FXBrokerTrust
XM

XM

Compliant
Company Name
XM
Headquarters
Cyprus
Founded
Founded in 2009
  • FCA
  • ASIC
  • CySEC
  • DFSA
  • FSA
  • FSC
Overall Score
8.5/10
Min Deposit
$5
Max Leverage
1:2000
EUR/USD Spread
0.6 pips
Trading Platforms
MT4, MT5
Withdrawal Speed
1-2 business days

Overview

XM is a globally recognized forex and CFD broker founded in 2009. Headquartered in Limassol, Cyprus, XM is known for its exceptionally low minimum deposit of just $5, a no-requotes execution policy, and a comprehensive range of over 1,000 trading instruments across multiple asset classes.

Basic Information

Company Name
XM
Founded
Headquarters
Cyprus
Official Website
https://www.xm.com
Instruments
Forex, CFD, Indices, Commodities, Cryptocurrencies, Shares, Energies, Precious Metals
Account Types
Micro, Standard, Ultra Low, Zero

Regulation

Regulatory licenses and compliance status of this broker

  • FCAVerified

    FCA · License Number FRN 705428

  • ASICVerified

    ASIC · License Number AFSL 443670

  • CySECVerified

    CySEC · License Number CySEC 120/10

  • DFSAVerified

    DFSA · License Number DFSA FSP007

  • FSAVerified

    FSA · License Number SD009

  • FSCVerified

    FSC · License Number C118022463

Trading Conditions

Trading Conditions

Min Deposit
$5
Max Leverage
1:2000
EUR/USD Spread
0.6 pips
Trading Platforms
MT4, MT5
Account Types
Micro, Standard, Ultra Low, Zero

Deposits & Withdrawals

Deposit Methods

  • Bank Transfer
  • Credit/Debit Card
  • Skrill
  • Neteller
  • UnionPay
Deposit SpeedInstant
Deposit FeeFree

Withdrawal Methods

  • Bank Transfer
  • Credit/Debit Card
  • Skrill
  • Neteller
Withdrawal Speed1-2 business days
Withdrawal FeeFree

Scoring Details

Regulatory QualificationWeight 30%
8.5
Trading EnvironmentWeight 20%
8.5
Fund SafetyWeight 15%
8.3
User ReputationWeight 15%
8.5
Platform FeaturesWeight 10%
8.3
Customer ServiceWeight 10%
8.5

Pros & Cons

Pros

  • Extremely low minimum deposit of just $5
  • No-requotes execution policy
  • Wide range of over 1,000 trading instruments
  • Negative balance protection on all accounts
  • Comprehensive education in 30+ languages

Cons

  • No cTrader platform available
  • Spreads on standard accounts wider than some competitors
  • Limited social trading options
  • Maximum leverage varies by regulatory entity