Overview
XM (Trading Point of Financial Instruments Ltd) is a global forex and CFD broker founded in 2009 in Limassol, Cyprus. XM has grown to serve over 10 million clients across 190+ countries, making it one of the largest retail forex brokers globally. The company is known for its generous bonus programs, comprehensive education, and ultra-low minimum deposits.
XM is regulated by CySEC (Cyprus), ASIC (Australia), IFSC (Belize), and DFSA (Dubai). The broker offers forex, stock CFDs, commodity CFDs, index CFDs, and precious metals through MT4 and MT5 platforms. XM is particularly popular among beginner traders in Asia, the Middle East, and Africa.
XM stands out with its $5 minimum deposit, negative balance protection, no requotes policy, and extensive educational resources including daily webinars in multiple languages. The broker processes over 2.4 billion trades annually.
Key Features
- Ultra-low minimum deposit: Start trading from just $5
- No requotes: Strict no-requote execution policy
- Negative balance protection: Cannot lose more than deposited
- XM Live Education: Free daily webinars in 20+ languages
- Loyalty program: XM Loyalty Points redeemable for bonuses
- 1,000+ instruments: Wide range of CFDs across asset classes
- Micro lots: Trade from 0.01 lots (1,000 units)
- Islamic accounts: Swap-free accounts available
Supported Markets
| Market Type | Details | |-------------|---------| | Forex | 55+ currency pairs | | Stock CFDs | 1,200+ global stock CFDs | | Index CFDs | 20+ global indices | | Commodities | Gold, silver, oil, natural gas | | Precious Metals | Gold, silver, palladium, platinum | | Energies | Oil, natural gas | | Crypto | BTC, ETH and select crypto CFDs |
Fee Structure
| Type | Fee | |------|-----| | Forex (Micro/Standard) | From 1.0 pip (EUR/USD), no commission | | Forex (XM Ultra Low) | From 0.6 pip (EUR/USD), no commission | | Forex (XM Zero) | From 0.0 pip + $3.50/lot per side | | Stock CFDs | From 0.04% | | Account minimum | $5 | | Deposit | Free | | Withdrawal | Free | | Inactivity fee | $5/month after 90 days |
Platforms & Interfaces
- MetaTrader 4: Standard platform with Expert Advisors
- MetaTrader 5: Multi-asset platform with advanced features
- XM Mobile: Proprietary mobile app
- XM WebTrader: Browser-based MT4/MT5 access
Regulation
- CySEC (Cyprus, License 120/10)
- ASIC (Australia, AFSL 443670)
- IFSC (Belize)
- DFSA (Dubai)
Getting Started
- Register at xm.com — Micro, Standard, Ultra Low, or Zero account
- Verify identity with government ID and proof of address
- Deposit from $5 via bank transfer, card, e-wallet, or local payment methods
- Download MT4/MT5 and start trading