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XM

Nicosia, Cyprus · CySEC (Cyprus), ASIC (Australia), DFSA (Dubai), FSCA (South Africa), FSC (Belize)

Created Jul 1, 2026 · Updated Jul 18, 2026

☆ 0.0 · 0 reviews

Spread (EUR/USD)

0.4 pips

Platforms

5

Regulation

Tier-1

About XM

XM (Trading Point of Financial Instruments Ltd) was founded in 2009 and is headquartered in Nicosia, Cyprus. It is regulated by multiple authorities including the Cyprus Securities and Exchange Commission (CySEC, license 120/10), Australian Securities and Investments Commission (ASIC, AFSL 443670), Dubai Financial Services Authority (DFSA, F003484), Financial Sector Conduct Authority (FSCA, South Africa, FSP 49976), and Financial Services Commission of Belize (FSC/IFSC, license 8557558/000261/27). The broker offers over 1,000 trading instruments including forex, commodities, indices, stocks, and metals. XM supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, plus web, iOS, and Android apps. Average EUR/USD spread on the Standard account is 0.4 pips. The minimum deposit is $5. XM serves more than 3.5 million clients across over 200 countries [2][3][6][7][8][10][16].

Pros

+Regulated by CySEC (Tier 1) and ASIC with segregated funds and investor compensation
+Supports both MetaTrader 4 and MetaTrader 5 platforms
+Low minimum deposit of $5
+Average EUR/USD spread of 0.4 pips on Standard account
+Over 1,000 trading instruments across multiple asset classes

Cons

-No regulation by UK's FCA or US's CFTC, excluding UK and US clients
-Does not offer cTrader platform
-Some client entities operate under offshore regulators (e.g., FSC Belize, FSA Seychelles)
-Limited to MT4 and MT5; no proprietary trading platform
-Not SEBI-regulated in India, operating as an offshore broker

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