XM
Trading Point of Financial Instruments Ltd
Assessment summary
XM (Trading Point group) has operated since 2009 and is regulated by CySEC, DFSA and FSCA. It is known for its very low $5 minimum deposit, Ultra Low spread account, MetaTrader 4 and 5, 1,400+ instruments and extensive free education in many languages.
Strengths
- Operating since 2009 (Trading Point group)
- Regulated by CySEC, DFSA and FSCA, plus FSC Belize, FSC Mauritius and FSA Seychelles
- Minimum deposit of just $5
- Ultra Low account with spreads from 0.6 pips and no commission
- Standard account with no commission
- MetaTrader 4 and MetaTrader 5
- 1,400+ instruments, including real share trading
- Leverage up to 1:1000 for international clients
- Extensive free education, webinars and daily analysis
- Multilingual customer support
Multi-criteria score
A weighted average over criteria that have data only. A “no data” criterion is excluded and lowers data coverage instead.
Data coverage 100% — complete-assessment threshold 70%
- Licensing & regulationWeight 35%8.5/10
Evidence: CySEC, ASIC and DFSA (tier 1/2) plus FSC Belize and FSCA.
Assessed: November 9, 2026
- Cost transparencyWeight 24%7.0/10
Evidence: Standard from 1.0 pips and Ultra Low from 0.6 pips, no commission; no raw-spread ECN account.
Assessed: November 9, 2026
- Support qualityWeight 18%8.5/10
Evidence: Support in 30+ languages, 24/5; extensive education and webinars.
Assessed: November 9, 2026
- Platforms & toolsWeight 12%8.0/10
Evidence: MT4, MT5 and XM app; copy trading available.
Assessed: November 9, 2026
- Deposits & withdrawalsWeight 12%8.5/10
Evidence: Low $5 minimum deposit; cards, e-wallets and bank transfer; fees covered by XM in most cases.
Assessed: November 9, 2026
Legal identity
Legal details are taken from official documents and the regulator's register, and dated.
- Legal name
- Trading Point of Financial Instruments Ltd
- Registered in
- Cyprus / Belize / Seychelles
- Headquarters
- Limassol, Cyprus
- Official domain
- www.xm.com
- Founded
- 2009
Regulation & licences
Each licence links directly to the regulator's official register. Company registration is not a financial-services licence and is shown separately.
Financial-services licences
| Regulator | Country | Legal entity | Licence no. | Type | Tier | Verified | Reference |
|---|---|---|---|---|---|---|---|
| CySEC | Cyprus | Trading Point of Financial Instruments Ltd | 120/10 | CIF | Tier 1 | Nov 6, 2026 | View on regulator's site |
| DFSA | UAE (DIFC) | Trading Point MENA Limited | F003484 | Category 3A | Tier 1 | Nov 6, 2026 | View on regulator's site |
| FSCA | South Africa | XM ZA (Pty) Ltd | 49976 | FSP | Tier 2 | Nov 6, 2026 | View on regulator's site |
| FSA Seychelles | Seychelles | XM (SC) Limited | SD190 | Securities Dealer | Tier 3 (offshore) | Nov 6, 2026 | View on regulator's site |
| FSC Belize | Belize | XM Global Limited | 8557558 | Securities Trading | Tier 3 (offshore) | Nov 6, 2026 | View on regulator's site |
| FSC Mauritius | Mauritius | XM International MU Limited | GB23202700 | Investment Dealer | Tier 3 (offshore) | Nov 6, 2026 | View on regulator's site |
Trading accounts
Figures as advertised by the broker on the review date.
| Account | Spread from | Avg EURUSD | Commission | Leverage | Min. deposit | Margin call | Stop out | Swap-free | Base currencies |
|---|---|---|---|---|---|---|---|---|---|
Standard Standard | 1.0 | — | No commission | 1:1,000 | $5 | — | — | — | |
Ultra Low Standard | 0.6 | — | No commission | 1:1,000 | $5 | — | — | — | |
Shares Pro | 0.0 | — | Commission on shares | 1:1 | $10,000 | — | — | — |
Trading conditions & services
Platforms
1,400 tradable instruments
- Copy trading
- Swap-free account
Client protection
- Negative balance protection
- Segregated client funds
Full review
About XM
XM is part of the Trading Point group and has been active since 2009. It is known for making trading accessible: a $5 minimum deposit, simple account types and a large library of free education in many languages.
Regulation
| Regulator | Entity / brand | Licence |
|---|---|---|
| CySEC (Cyprus) | Trading Point of Financial Instruments Ltd | 120/10 |
| DFSA (Dubai) | XM | F003484 |
| FSCA (South Africa) | XM | 49976 |
| FSC (Belize) | XM Global | 8557558 |
| FSC (Mauritius) | XM | GB23202700 |
| FSA (Seychelles) | XM | SD190 |
Account types
| Feature | Standard | Ultra Low | Shares |
|---|---|---|---|
| Spread | From 1.0 pips | From 0.6 pips | Exchange pricing |
| Commission | None | None | Commission on shares |
| Minimum deposit | $5 | $5 | $10,000 |
| Max leverage (international) | 1:1000 | 1:1000 | 1:1 |
Platforms
- MetaTrader 4 and MetaTrader 5
- XM mobile app and web trading
Education and research
XM offers one of the broadest free education programmes in the industry: live webinars, video tutorials, daily market analysis and trading guides in many languages.
Markets
More than 1,400 instruments: forex, indices, commodities, metals, energy, share CFDs, real shares and cryptocurrencies.
FAQ
Is XM regulated? Yes, by CySEC, DFSA and FSCA, with international entities licensed in Belize, Mauritius and Seychelles.
What is the minimum deposit? Just $5 on the Standard and Ultra Low accounts.
Does XM offer education? Yes, free webinars, video courses and daily analysis.
This review is based on publicly available information and the broker's official materials. Leveraged forex and CFD trading carries a high level of risk. Past results do not guarantee future results. Questions? Telegram support @fibonacci_chart
User complaints
Complaints are published after spam checks, removal of personal data and an opportunity for the broker to respond.
There are no published complaints about this broker.
This profile was assessed under methodology v1.0. Spotted a mistake? Report it and we'll review within 48 hours.
Forex and CFD trading carries a high risk due to leverage and you may lose more than your initial deposit. Content on this site is educational and not investment advice.