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XM

A global forex & CFD broker (Trading Point group) founded in 2009, offering MetaTrader 4/5 with thousands of instruments.

Last verified 2026-08-01
3.6/ 5 editorial scoreTrust 69 · Medium
Best for

Beginner/intermediate traders who want multilingual support & education with MT4/MT5

Not ideal for

Those who need full tier-1 regulation & the cheapest raw spreads

Regulation & Safety
3.0
Fees & Deposit
3.5
Platform & Assets
4.0
User Support
4.0

Pros

  • Very large client base, strong multilingual education & support
  • MT4/MT5 + many instruments
  • CySEC license for the EU entity

Cons

  • Many retail clients via the offshore entity (Belize) — weaker protection
  • Standard spread is not the cheapest
  • Leverage is high-risk

Feature summary

CategoryForex
Minimum depositVaries by account type — check the official site
Demo accountAvailable
PlatformMetaTrader 4, MetaTrader 5, XM app
InstrumentsForex, Stock/index/commodity/metal/energy CFDs
SupportLive chat, email & phone (market hours)
Regulation statusTrading Point group — regulated by CySEC (Cyprus), ASIC (historically), DFSA (Dubai), FSC (Belize), FSCA (South Africa). Many retail clients via the offshore entity (Belize).
Fee modelStandard / ultra-low spread; figures vary
Estimated cost per lotSpread (Standard/Micro) or ultra-low — varies

Risk & regulation notes

Leveraged trading is high-risk. More importantly here: most retail clients are served by an offshore entity with far weaker investor protection than tier-1 regulators (FCA/ASIC/CySEC). Verify the entity that serves your country and understand the risks before depositing.

Primary sources

Product facts are summarized from the broker's official materials. A broker's own claims are not automatically treated as independent verification.

Update history

  • 2026-08-01

    Added to the directory as a review candidate; official documents not yet examined.

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