XM Review 2026
Established in 2009
•
Cyprus
• CySEC Regulated
XM is one of our top-rated forex brokers, scoring 4.5/5 in our comprehensive testing. Regulated by CySEC, this broker offers spreads from 1.6 pips on EUR/USD with a minimum deposit of $5. Trade 1000+ instruments including forex, CFDs, and more.
📊 XM Overview
XM (Trading Point Holdings Ltd) is a well-established broker founded in 2009 headquartered in Limassol, Cyprus. The broker operates under the supervision of CySEC , a reputable regulatory authority.
With access to 1000+ tradable instruments including 55 forex pairs , 31 cryptocurrencies , 600 stocks , and various indices, XM caters to diverse trading strategies. The broker uses Market Maker/STP execution .
| Legal Name | Trading Point Holdings Ltd |
|---|---|
| Founded | 2009 |
| Headquarters |
Limassol, Cyprus
|
| Primary Regulation | CySEC (Tier 2 - Strong Protection) |
| Instruments | 1000+ assets |
| Min Deposit | $5 |
| Max Leverage | 1:1000 |
📖 XM — In-Depth Introduction
Since 2009, XM has been serving traders worldwide, accumulating 17 years of expertise in the financial markets. Regulated by CySEC, XM offers traders a reasonable level of regulatory oversight. This includes fund segregation requirements and dispute resolution mechanisms. With a $5 minimum deposit requirement, XM removes barriers to entry for new traders.
Company Background
XM (legally Trading Point Holdings Ltd) has been operating in the financial services industry for 17 years. Headquartered in Limassol, Cyprus, the company has weathered multiple market cycles including the 2008 financial crisis and the 2020 pandemic volatility, demonstrating operational resilience.
The broker provides access to 1000+ tradable instruments.
💸 XM Fees — Complete Cost Analysis
Trading costs at XM are above the industry average, with EUR/USD spreads of 1.6 pips. Cost-sensitive traders should factor this into their decision. XM operates on a spread-only model with no commission charges on standard accounts. This simplifies cost calculation—what you see in the spread is what you pay. To put this in perspective: trading 10 lots per month on EUR/USD at XM's 1.6 pip spread would cost approximately $160 in spread fees alone. Compare this to an industry-average broker at 1.0 pips, where the same volume would cost $100.
Trading Costs Breakdown
💡 Cost Calculator: XM
Non-Trading Fees
| Fee Type | XM | Industry Average |
|---|---|---|
| Deposit Fee | Free | Free - $25 |
| Withdrawal Fee | Free | $0 - $50 |
| Inactivity Fee | $5/month after 90 days | $10-50/month |
Want to compare fees with other brokers?
⚖️ Compare🛡️ Is XM Safe? — Complete Security Analysis
Safety and fund security are paramount when choosing a broker, and XM excels in this area with a Trust Score of 88/100. This rating reflects strong regulatory compliance, robust fund protection measures, and a clean operational history. XM maintains segregated client accounts as required by its regulator. While this provides basic protection, coverage may vary depending on your jurisdiction.
Regulatory Framework
XM holds a CySEC license.
Security Features Checklist
Understanding the Trust Score
Our 88/100 Trust Score is calculated using 15+ safety factors including regulation, company history, financial transparency, and client fund protection.
📋 Methodology👤 Who Should Use XM?
✅ Best For
- Beginners will appreciate XM's low $5 minimum deposit, free demo account, and educational resources. The learning curve is manageable, making it suitable for those just starting their trading journey.
- Muslim traders can benefit from XM's swap-free Islamic accounts, which comply with Sharia principles. No interest is charged on overnight positions.
- Professional traders will appreciate XM's institutional-grade features: tight spreads, advanced platforms, API access, and high leverage options (where permitted).
❌ May Not Suit
- If rock-bottom trading costs are your priority, XM's 1.6 pip spreads may not represent the best value. More cost-competitive alternatives exist.
Looking for alternatives?
📝 The Bottom Line on XM
XM earns our strong recommendation as a top-tier broker with a 4.5/5 rating.
📈 XM Detailed Scores
Our expert team evaluates brokers across 8 key categories. Here's how XM performed in our rigorous testing:
XM is among the best brokers we've reviewed, excelling in multiple categories.
💰 XM Fees & Spreads
Understanding trading costs is crucial for profitability. XM uses a Variable spread model with no commission on standard accounts. The average EUR/USD spread is 1.6 pips .
📊 Typical Spreads
| Pair | Min | Average |
|---|---|---|
| EUR/USD | 0.6 | 1.6 pips |
| GBP/USD | 0.8 | 1.2 pips |
| USD/JPY | 0.6 | 1.0 pips |
| XAU/USD | 15 | 25 cents |
💳 Other Fees
| Commission (ECN) | No commission |
| Deposit Fee | Free |
| Withdrawal Fee | Free |
| Inactivity Fee | $5/month after 90 days |
| Swap-Free (Islamic) | ✓ Available |
💡 Trading Cost Example
Trading 1 standard lot (100,000 units) of EUR/USD with XM:
- Spread Cost: 1.6 pips × $10/pip = $16.0
- Commission: $0
- Total Cost: $16.0 per lot
🛡️ XM Regulation & Safety
XM is regulated by CySEC, a Tier 2 - Strong Protection regulatory authority. This provides a solid level of investor protection, including fund segregation and dispute resolution mechanisms.
📜 Regulatory Licenses
- CySEC 120/10
- ASIC 443670
- FSC 000261/158
- DFSA F003484
🔒 Safety Features
- ✓ Segregated Client Funds
- ✓ Negative Balance Protection
- ✗ Investor Compensation
- — Publicly Traded
🎯 Trust Score: 88/100
High Trust: XM has demonstrated excellent regulatory compliance and safety standards.
🖥️ XM Trading Platforms
XM offers 4 trading platforms, giving traders flexibility in how they access the markets. Mobile apps are also available for iOS and Android.
MetaTrader 4
The world's most popular forex platform. Ideal for beginners and algo traders with Expert Advisor support.
- ✓ Expert Advisors (EAs)
- ✓ Custom Indicators
- ✓ One-Click Trading
- ✓ Mobile & Desktop
MetaTrader 5
Advanced multi-asset platform with more timeframes, order types, and improved backtesting.
- ✓ 21 Timeframes
- ✓ Depth of Market
- ✓ Economic Calendar
- ✓ Multi-Asset Support
XM App
XM's custom-built trading platform designed specifically for their clients.
- ✓ Custom Features
- ✓ Integrated Tools
- ✓ Web-Based
- ✓ Mobile App
📋 Platform Comparison
| Feature | MT4 | MT5 | cTrader | XM App |
|---|---|---|---|---|
| Available | ✓ | ✓ | ✗ | ✓ |
| Copy Trading | ✗ | ✗ | ✗ | ✗ |
| Algo Trading | ✓ | ✓ | ✓ | ✓ |
| VPS Available | ✓ Free VPS | |||
| API Access | Not available | |||
🌐 XM Tradable Instruments
XM offers access to 1000+ tradable instruments across multiple asset classes. This includes 55 forex pairs , 31 cryptocurrencies , and 600 global stocks.
👤 XM Account Types
XM offers various account types to suit different trading needs and experience levels. Demo accounts are available for practice. Swap-free Islamic accounts are also available for Muslim traders.
Practice with virtual funds
Compliant with Sharia law
Not available
Not available
Not available
💳 XM Deposits & Withdrawals
XM requires a minimum deposit of $5 — one of the most accessible in the industry. Withdrawals are typically processed within 24 hours. The broker supports 4 base currencies.
📥 Deposit Methods
- 💳 Credit Card
- 🏦 Bank Wire
- 📱 Skrill
- 📱 Neteller
📤 Withdrawal Methods
- 💳Credit/Debit Cards
- 🏦Bank Wire Transfer
- 📱E-Wallets
💱 Supported Base Currencies
⚖️ XM Pros & Cons
✅ Pros
- $5 minimum deposit
- 1000+ instruments
- Excellent education
- No requotes
❌ Cons
- Spreads not the tightest
- Inactivity fee
📚 XM Education & Research
XM provides educational resources to help traders improve their skills.
Available
Available
Basic coverage
Available on trading platforms
🎧 XM Customer Support
XM offers customer support during 24/5. Support is available in 5 languages.
🌍 Supported Languages
⭐ XM User Reviews
📝 User reviews will be displayed here. Share your experience with XM!
Write a Review🏆 XM — Our Verdict
XM is among the best forex brokers we've tested. With CySEC regulation, 1.6 pips EUR/USD spreads, and a $5 minimum deposit, this broker is well-suited for both beginners and experienced traders .
Best for: Beginners with limited capital
⚠️ Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
❓ XM — Frequently Asked Questions
Is XM a safe and regulated broker?
Yes, XM is regulated by CySEC, which is a Tier 2 - Strong Protection regulatory authority. The broker also holds licenses from 3 additional regulators. Client funds are kept in segregated accounts with negative balance protection.
What is the minimum deposit at XM?
The minimum deposit at XM is $5. This is considered low and accessible for beginners.
What trading platforms does XM offer?
XM offers the following trading platforms:
- MetaTrader 4 (MT4) — The most popular forex trading platform
- MetaTrader 5 (MT5) — Advanced multi-asset platform
- XM App — Custom-built trading solution
- Web Platform — Trade directly from your browser
- Mobile Apps — Available for iOS and Android
What are XM's spreads on EUR/USD?
XM offers EUR/USD spreads from 0.6 pips with an average of 1.6 pips. The broker uses Variable spreads.
How long do withdrawals take at XM?
Withdrawals at XM are typically processed within 24 hours.
Does XM offer a demo account?
Yes, XM offers free demo accounts with virtual funds so you can practice trading without risking real money. This is an excellent way to test the platform and develop your trading strategy.
What is XM's maximum leverage?
XM offers maximum leverage of 1:1000. However, note that leverage limits vary by region due to regulatory requirements:
- EU/UK/Australia: Up to 1:30 for major forex pairs (retail)
- Professional traders: Higher leverage may be available upon qualification
- Other jurisdictions: Leverage up to 1:1000 may be available
Higher leverage increases both potential profits and potential losses.
Can I use XM in ?
XM accepts traders from . The broker operates under CySEC regulation. Always verify current availability and applicable regulations on the broker's website.
Does XM offer Islamic (swap-free) accounts?
Yes, XM offers Islamic (swap-free) accounts that comply with Sharia law. These accounts do not incur swap charges for positions held overnight. Contact XM's support to request an Islamic account.
What instruments can I trade with XM?
XM offers access to 1000+ tradable instruments:
- 55 Forex currency pairs
- 31 Cryptocurrencies
- 600 Stock CFDs
- 24 Index CFDs
- 15 Commodities
