XM Group at a glance
XM is a multi-regulated forex and CFD broker, founded in 2009 and headquartered in Limassol, Cyprus. Operated by Trading Point Holdings Ltd, XM offers over 1,400 tradable instruments through MetaTrader 4, MetaTrader 5, and its own XM app, serving clients in more than 190 countries.
XM Group reports a founding year of 2009 and a head office in Limassol, Cyprus. It lists 4 regulators and 4 trading platforms.
BrokerBazaar verdict
XM is a well-established multi-regulated forex and CFD broker offering competitive trading conditions, strong educational resources, and reliable platforms. It is particularly suitable for beginners and intermediate traders, although advanced traders seeking institutional-style pricing may prefer dedicated ECN brokers.
Legal entities, regulation and licences
XM Group operates through 5 legal entities, each supervised separately. Your account is with one specific entity, so the protections you receive depend on which one onboards you, not on the group's strongest licence. Overall, the group is supervised by at least one strict-tier regulator.
Licence check: Not independently checked. BrokerBazaar is currently reviewing this broker's information against public records. A company registration or general business licence is not permission to offer regulated brokerage services; only the register entries linked in the table count.
Countries accepted and restricted
XM Group states that it accepts clients from Available in 190+ countries (excluding the United States, Canada, Israel, Iran and other restricted jurisdictions)., United Arab Emirates. Availability is decided per entity and can change without notice; residents of jurisdictions such as the USA, and often the EU and UK, are frequently excluded from offshore entities.
Known restrictions flagged in our review: No services for clients from certain countries.
Trading products, platforms and account types
Instruments: Forex, CFDs, Stocks, Stock CFDs, Indices, Commodities, Precious Metals, Energies, Cryptocurrencies. Platforms: MT4, MT5, XM App, • XM WebTrader. Account types: Standard, Ultra Low, Shares, Demo, Islamic (Swap-Free).
Best-for tags assigned by our team: Beginners, Low Minimum Deposit, Education, Copy Trading, Islamic Accounts, Swing Traders.
Minimum deposit, spreads, commissions and other charges
The minimum deposit is From $5. Spreads start from 0.6 pips (Ultra Low) and commission is None (Standard). Maximum leverage is Up to 1:1000 (dynamic), subject to the cap of the entity that holds your account. Figures refer to XM Global Limited (FSC (Belize)), the entity serving international clients, checked 24 September 2026.
Swap-free / Islamic account: available (conditional). Swap type: not specified. Headline spreads are usually quoted for the most expensive account tier's cheapest instrument; compare total cost for your typical trade.
Deposits and withdrawals
Deposit methods: Bank Transfer, Visa, Mastercard, Skrill, Neteller, Local Bank Transfer, Online Banking. Withdrawal methods: Bank Transfer, Visa, Mastercard, Skrill, Neteller, Local Bank Transfer.
Withdrawal speed and fees are set by the entity and payment provider. Withdrawal delays are the most common complaint category on BrokerBazaar across all brokers; keep identity documents current and withdraw to the same method you deposited with where required by anti-money-laundering rules.
Execution model, negative balance protection and client money
Negative balance protection: Yes. Scalping allowed: Yes. Algorithmic trading allowed: Yes. News trading allowed: Yes. Hedging: hedging. These conditions were compiled from public information and have not yet been confirmed by the broker.
Client-money rules follow the regulator of the entity that holds your account: CySEC: Segregated under MiFID II client-asset rules. Compensation: ICF — up to €20,000 per client. ASIC: Held in segregated client trust accounts under the Corporations Act. Compensation: No central scheme; AFCA handles disputes. DFSA: Segregation required under DFSA client-money rules. Compensation: No retail compensation scheme.
Complaints and dispute process
XM Group has not published a complaints procedure to BrokerBazaar. Regulated entities must operate one; ask support for the formal complaints address.
If the broker does not resolve a complaint, escalate to the ombudsman or regulator of the entity that holds your account. BrokerBazaar's Dispute Support Desk can help you document and escalate a case.
Strengths and limitations
- Strength: Regulated by multiple financial authorities
- Strength: Minimum deposit from $5
- Strength: Supports MT4, MT5, XM App and WebTrader
- Strength: Comprehensive educational resources and webinars
- Strength: Negative balance protection
- Strength: Free demo account
- Strength: Islamic (swap-free) accounts available
- Strength: Fast account opening
- Limitation: Inactivity fee after 90 days
- Limitation: No services for clients from certain countries
- Limitation: Shares account requires a high minimum deposit
- Limitation: Trading conditions vary by regulatory entity
Who this broker suits, and who it does not
XM Group is most relevant to traders looking for: Beginners, Low Minimum Deposit, Education, Copy Trading, Islamic Accounts, Swing Traders.
It is less suitable for anyone who needs a strict-tier regulator in their own country of residence but would be onboarded by an offshore entity, for residents of restricted jurisdictions, and for beginners who have not yet understood leverage and margin. Nothing on this page is personal financial advice.
XM Group change history
Every published fact change, with the previous value and the date it took effect. Each entry says whether the broker made the change itself or our editors checked it against an official source. Regulation and licence claims are always checked by an editor.
No fact changes recorded for XM Group yet. Changes appear here as soon as the broker updates its profile or our editors confirm a change.
Frequently asked questions about XM Group
Data sources. Broker submission, the regulator registers linked above, ASIC Professional Registers (AFSL 443670) & CySEC public register (120/10), web-archive and domain records, and third-party traffic data. Last register check 2026-07-26. External ratings: WikiFX 8.86/10; Forex Peace Army 3.09/5; FX Empire 4.4/5; Google Play Store 4.6/5; Trustpilot N/A/5; Apple App Store 4.5/5.
Commercial disclosure. BrokerBazaar is independent and not owned by any broker. We may receive a referral fee if you open an account with XM Group through our links; this never affects scores or verification. How we make money. Trading leveraged products carries a high risk of loss.