XM
XM is a Cyprus-based broker licensed by CySEC, ASIC and DFSA, known for a $5 minimum deposit, micro accounts and extensive education aimed at newer traders.
Leveraged trading carries a high level of risk and you may lose all of your capital.
Key facts
- Trading platforms
- MT4MT5XM AppWeb
- Account types
- MicroStandardUltra LowShares
- Instruments
- ForexMetalsEnergiesIndicesStocksCommoditiesCrypto
- Deposit & withdrawal
- Bank CardBank TransferE-walletsLocal Payment Methods
- Features
- Accepts IraniansPersian supportIslamic accountCopy tradingDemo account
Score breakdown
Each criterion is rated 0–5 by our editorial team.
- Trust & Regulation4.3
- Fees & Costs4.0
- Platform & UX4.2
- Deposit & Withdrawal4.4
- Support4.4
- Features & Range4.1
Full review
XM (Trading Point group) was founded in Cyprus in 2009 and serves millions of registered clients in more than 190 countries. It grew by focusing on MetaTrader 4 and small, accessible accounts.
Trading Point of Financial Instruments Ltd is licensed by CySEC (120/10), the Australian entity holds ASIC AFSL 443670 and a Dubai entity is regulated by the DFSA. International clients are served by XM Global Limited, licensed by the Seychelles FSA, which offers higher leverage with lighter protections.
Micro, Standard and Ultra Low accounts are commission-free with a $5 minimum deposit, while the Shares account is designed for stock trading. MT4, MT5 and the XM app are available, and a copy-trading service has been added. The international entity advertises leverage up to 1:1000.
Funding options include cards, bank transfer, e-wallets and local methods, with most deposits free of broker fees. XM does not accept residents of Iran.
Last updated: Oct 6, 2026
Pros & cons
- Very low $5 minimum deposit
- CySEC, ASIC and DFSA licensed
- Micro accounts suit beginners
- Extensive education and webinars
- Multilingual support
- Standard-account spreads wider than ECN brokers
- International clients served by offshore entity
- Does not accept residents of Iran
- No cTrader
Licences & regulation
Tier 1 means the strictest oversight.
| Regulator | Authority | Tier | Licence no. |
|---|---|---|---|
🇨🇾CySEC Cyprus Securities and Exchange Commission | Cyprus Securities and Exchange Commission | Tier 1 | 120/10 |
🇦🇺ASIC Australian Securities & Investments Commission | Australian Securities & Investments Commission | Tier 1 | 443670 |
🇦🇪DFSA Dubai Financial Services Authority | Dubai Financial Services Authority | Tier 2 | F003484 |
🇸🇨FSA-SC Financial Services Authority Seychelles | Financial Services Authority Seychelles | Tier 3 | SD010 |
User reviews
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