XM Review 2026: Is XM Safe? Fees, Minimum Deposit & Account Types
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Quick verdict
Is XM a good broker?
XM (Trading Point group) is a Cyprus-founded broker that has been operating since 2009 and is best known for its very low $5 minimum deposit, its Micro account for cent-sized positions, and an unusually large education programme. It is a MetaTrader-only broker with a market-maker execution model, which keeps it simple for beginners but limits it for traders who want cTrader, TradingView or raw ECN pricing. Safety depends on the entity: the CySEC company offers EU-level protections, while the Belize company serves most of the world with higher leverage and fewer statutory safeguards.
Brokeradar editorial score: 4.6 out of 5. How we calculate scores
Best for
- ✓ Beginners who want to start with a small deposit and grow into standard lots (Micro account, $5 minimum)
- ✓ Traders who value free education, webinars and a straightforward MT4/MT5 setup
- ✓ Clients who want negative balance protection and an Islamic (swap-free) option available on every account type
Consider first
- • Scalpers and algo traders who need raw ECN spreads with transparent per-lot commission across the whole account range
- • Traders who want cTrader or TradingView execution
- • Anyone who lets accounts sit idle: XM charges a monthly dormancy fee after 90 days of inactivity
Is XM safe? Regulation and entities
XM is a licensed broker, but 'XM' is a brand shared by several companies. XM states that the group is licensed by CySEC in Cyprus (Trading Point of Financial Instruments Ltd), ASIC in Australia (Trading Point of Financial Instruments Pty Ltd), the FSC in Belize (XM Global Limited) and the DFSA in Dubai (Trading Point MENA Limited). Our dataset additionally records FSCA (South Africa), FSA Seychelles, FSC Mauritius, CMA Kenya and CMA UAE; treat those as 'recorded, re-verify with the broker' because we could not reconfirm every licence number on an official page at our last check.
We confirmed the Cyprus licence directly: Trading Point of Financial Instruments Ltd appears on the CySEC register with licence number 120/10, granted in 2010. XM Global Limited's Belize licence is published by XM as 000261/309. Most clients outside the EU, UK and Australia trade with XM Global Limited (Belize), which is what allows XM to offer leverage up to 1:1000.
| Entity | Regulator | Licence | Typical clients |
|---|---|---|---|
| Trading Point of Financial Instruments Ltd | CySEC (Cyprus) | 120/10 (confirmed on CySEC register) | EU/EEA retail; ICF coverage; leverage capped at 1:30 for retail |
| Trading Point of Financial Instruments Pty Ltd | ASIC (Australia) | Number shown on xm.com regulation page | Australian clients; ASIC retail leverage caps |
| XM Global Limited | FSC (Belize) | 000261/309 | Most international clients; leverage up to 1:1000 |
| Trading Point MENA Limited | DFSA (Dubai) | Number shown on xm.com regulation page | DIFC/UAE professional and retail clients |
What protects your money at XM
XM states that client funds are held in segregated accounts and that negative balance protection applies as standard on all account types. Clients of the Cyprus entity are covered by the Investor Compensation Fund (ICF), which our dataset records as the investor protection on file; Belize clients are not covered by a statutory compensation scheme. XM has been operating since 2009 and we found no regulatory action on the CySEC register that would change our editorial view.
Licences and legal entities
XM operates through the legal entities below. Your protections depend on the entity that opens your account, not the brand.
Trading Point of Financial Instruments Ltd
Verified- Regulator
- CySEC
- Licence
- 120/10
- Jurisdiction
- Cyprus (HE 251334)
- Serves
- EEA
Listed on the CySEC register, licence date 05/08/2010.
XM Global Limited
Verified- Regulator
- FSC Belize
- Licence
- 8557558 (Securities Industry Act 2021)
- Jurisdiction
- Belize
- Serves
- International clients outside EEA/AU/UK
Number as stated in the XM client agreement on xm.com. Older licence format '000261/xx' is still quoted by third parties. Entity behind the headline conditions.
Trading Point of Financial Instruments Pty Limited
Verified- Regulator
- ASIC
- Licence
- AFSL 443670
- Jurisdiction
- Australia
- Serves
- Australia
Per XM Australia client agreement (xm.com); ASIC Connect register not queried.
Trading Point MENA Limited
Verified- Regulator
- DFSA UAE
- Licence
- F003484
- Jurisdiction
- Dubai (DIFC)
- Serves
- UAE / MENA (professional and retail per DFSA rules)
Entity and DFSA regulation confirmed on xm.com/about; reference number F003484 from third-party summaries, DFSA public register not queried.
XM (SC) Limited
Verified- Regulator
- FSA Seychelles
- Licence
- SD190
- Jurisdiction
- Seychelles
- Serves
- International clients (region-dependent)
Name confirmed on the FSA Seychelles licensee list; licence number SD190 from third-party summaries.
TPXMGLOBAL Kenya Limited
Verified- Regulator
- CMA Kenya
- Licence
- Licence No. 233
- Jurisdiction
- Kenya
- Serves
- Kenya
Confirmed on the CMA Kenya licensee register.
XM ZA (Pty) Ltd
Unverified- Regulator
- FSCA South Africa
- Licence
- FSP 49976
- Jurisdiction
- South Africa
- Serves
- South Africa
Only found in third-party summaries; xm.com regulation page was unreachable from our network and the FSCA search was not queried.
XM International MU Limited
Unverified- Regulator
- FSC Mauritius
- Licence
- GB23202700
- Jurisdiction
- Mauritius
Only found in third-party summaries; not confirmed on xm.com or the FSC Mauritius register.
XM Financial Products Promotion LLC
Unverified- Regulator
- SCA UAE
- Licence
- Category 5 licence
- Jurisdiction
- United Arab Emirates
Announced in an XM press release (December 2025); not yet listed on xm.com/regulation as of this check. Replaces the incorrect 'CMA UAE' label previously in the dataset.
What the headline figures refer to
- Spreads
- XM Global Limited (Belize) Ultra Low accounts. xm.com currently advertises spreads 'as low as 0.8 pips'; the dataset's 0.6 pips figure could not be confirmed from the official site during this check.
- Leverage
- Up to 1:1000 under XM Global Limited (Belize) for smaller balances; CySEC and ASIC retail clients are capped at 1:30.
- Minimum deposit
- USD 5 under XM Global Limited (Belize).
- Bonuses
- XM Global runs region-dependent promotions; none are recorded in the dataset because terms were not verified.
Sources
- XM - Regulationchecked
- XM - About (group licences)checked
- XM - Client agreement (XM Global Limited)checked
- XM - Account typeschecked
- CySEC register - Cyprus Investment Firmschecked
- FSA Seychelles - Securities Dealer licenseeschecked
- CMA Kenya - Online forex broker licenseeschecked
Official site: www.xm.com. Licence details change; always confirm the entity named in your client agreement.
Last checked September 3, 2026. Figures are as published by XM or recorded in the Brokeradar dataset and can change; see sources.
XM fees: spreads, commissions and the dormancy fee
XM's Micro and Standard accounts are commission-free; the entire trading cost is in the spread. The XM Ultra Low accounts narrow the spread and, per XM, come with lower swap fees. XM advertises spreads 'as low as 0.8 pips' on its account pages; our dataset records a headline of 0.6 pips from an earlier check, so expect the tight end to sit somewhere under 1 pip on EUR/USD on Ultra Low and wider on Standard/Micro. XM does not publish a raw 0.0-pip ECN-style tier with a fixed per-lot commission for all clients, which is the main pricing difference versus Exness, FP Markets or Tickmill.
XM states that it charges no deposit or withdrawal fees. Its one notable non-trading fee is the dormancy charge: if an account has no trading, deposit or withdrawal activity for 90 calendar days it is classed as dormant and XM deducts USD 5 per month, or the remaining free balance if that is below USD 5, and nothing if the balance is zero. Overnight swaps apply unless you hold an Islamic account.
| Fee | XM policy |
|---|---|
| Spread (Ultra Low) | Advertised from under 1 pip on EUR/USD (XM: 'as low as 0.8 pips'; dataset: 0.6 pips) |
| Spread (Standard / Micro) | Wider than Ultra Low; all cost in the spread |
| Commission (Micro / Standard / Ultra Low) | None |
| Deposit / withdrawal fees | None charged by XM |
| Dormancy fee | USD 5 per month after 90 days of no activity (or the free balance if lower; nil if zero) |
| Swaps | Apply on all non-Islamic accounts |
Last checked September 3, 2026. Figures are as published by XM or recorded in the Brokeradar dataset and can change; see sources.
XM minimum deposit
The XM minimum deposit is $5 for Micro, Standard and Ultra Low accounts, which XM confirms in its help centre and which our dataset records. Some payment methods carry their own minimums that are higher than $5, so the practical floor depends on how you fund the account. Base currencies recorded in our dataset are USD, EUR, GBP and JPY; XM's site lists additional currencies for specific entities.
Our dataset records more than twenty deposit methods for XM including bank wire, cards, Skrill, Neteller, local bank transfers and mobile money in several countries; availability is by country and entity.
Last checked September 3, 2026. Figures are as published by XM or recorded in the Brokeradar dataset and can change; see sources.
XM account types explained
XM offers four CFD account types plus a Shares account. XM states that every account includes negative balance protection, hedging and an Islamic option as standard, and that leverage goes up to 1000:1 (on the Belize entity; CySEC and ASIC entities are capped at 1:30 for retail clients).
| Account | Lot size | Pricing | Minimum deposit | Who it suits |
|---|---|---|---|---|
| Micro | 1 lot = 1,000 units | Spread only, no commission | $5 | Beginners who want tiny position sizes with real money |
| Standard | 1 lot = 100,000 units | Spread only, no commission | $5 | Traders moving to standard lots |
| Ultra Low Micro | 1 lot = 1,000 units | Tighter spread, lower swaps, no commission | $5 | Small-size traders who want lower costs |
| Ultra Low Standard | 1 lot = 100,000 units | Tighter spread, lower swaps, no commission | $5 | Active traders on standard lots |
| Shares | 1 share | Commission-based, no leverage | Check xm.com | Buying underlying shares rather than CFDs |
Which XM account should you open?
If you are new, open a Micro or Ultra Low Micro account: the 1,000-unit lot lets you place trades worth a few cents per pip. If you already trade standard lots, Ultra Low Standard is the lowest-cost option XM offers. Islamic (swap-free) status is applied on request to any of these accounts rather than being a separate type.
Last checked September 3, 2026. Figures are as published by XM or recorded in the Brokeradar dataset and can change; see sources.
XM trading platforms
XM offers MetaTrader 4 and MetaTrader 5 on desktop, web and mobile, plus the XM App for account management and mobile trading. Our dataset records MT4, MT5 and the XM App. cTrader and TradingView are not offered. XM's research and education (daily webinars, market analysis, trading signals) are the main added-value services around the platform.
Last checked September 3, 2026. Figures are as published by XM or recorded in the Brokeradar dataset and can change; see sources.
XM deposits and withdrawals
XM states that it charges no fees on deposits or withdrawals. Withdrawal requests are processed by XM's back office and then depend on the provider: e-wallets typically settle the same day, card refunds and bank wires take longer. As with most brokers, XM returns funds to the original deposit method first (up to the deposited amount) before paying profits to an alternative method. Availability of each method depends on your country and the entity that serves you.
Last checked September 3, 2026. Figures are as published by XM or recorded in the Brokeradar dataset and can change; see sources.
XM FAQ
Is XM safe and legit?
XM is a licensed broker that has operated since 2009. Its Cyprus company, Trading Point of Financial Instruments Ltd, holds CySEC licence 120/10 (confirmed on the CySEC register), and the group also states it is licensed by ASIC, the FSC of Belize (XM Global Limited, 000261/309) and the DFSA. Protections differ by entity: CySEC clients have ICF coverage, Belize clients do not have a statutory compensation fund. XM offers negative balance protection on all accounts.
What is the XM minimum deposit?
The XM minimum deposit is $5 for Micro, Standard and Ultra Low accounts. Some payment methods have higher minimums of their own.
Does XM charge fees?
XM charges no deposit or withdrawal fees and no commission on Micro, Standard and Ultra Low accounts; the cost is in the spread. XM does charge a dormancy fee of USD 5 per month once an account has had no activity for 90 days (or the free balance if it is under USD 5, and nothing if the balance is zero).
Which XM account type is best?
For beginners, the Micro or Ultra Low Micro account (1,000-unit lots) keeps position sizes tiny. For traders on standard lots, Ultra Low Standard offers XM's tightest spreads and lower swaps. All XM accounts include negative balance protection, hedging and an Islamic option.
What is XM's maximum leverage?
XM states leverage up to 1000:1, which applies to the Belize entity (XM Global Limited). Clients of the CySEC and ASIC entities are limited to 1:30 on major forex pairs under EU and Australian retail rules.
Sources and last checked
Last checked September 3, 2026. We verify entity and licence details against official broker pages and regulator registers, and record dataset figures separately where an official page could not be re-confirmed.
- XM regulation page (entities and licences)https://www.xm.com/regulation
- XM help centre: is XM licensed and regulated?https://www.xm.com/help-center/about-the-company/faq-official-regulatory-agency
- XM account typeshttps://www.xm.com/account-types
- XM help centre: minimum deposit and withdrawalhttps://www.xm.com/help-center/deposits-withdrawals/faq-what-is-the-minimum-i-can-deposit-or-withdraw
- XM help centre: deposit and withdrawal feeshttps://www.xm.com/help-center/deposits-withdrawals/faq-any-deposit-withdrawal-fees
- XM help centre: dormancy feehttps://www.xm.com/help-center/trading_accounts/faq-will-i-be-charged-a-dormancy-fee-if-my-account-remains-inactive
- XM margin and leveragehttps://www.xm.com/margin-and-leverage
- CySEC register: Trading Point of Financial Instruments Ltd, licence 120/10https://www.cysec.gov.cy/en-GB/entities/investment-firms/cypriot/
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