XM
CySEC, DFSA, FSCA · MT4, MT5, XM app
About this broker
XM has operated since 2009 and runs through several entities — Trading Point of Financial Instruments in Cyprus under CySEC and separate arms under the DFSA and the FSCA among them. Which one holds your account depends on your country, and it changes your leverage cap and what compensation scheme covers you.
The server side is worth reading before you pick a city. XM group names carry no geography, and the groups are not all in one place — of the seven we have measured, five answer from London, one from Singapore and one from Canada.
Commonly cited
- Minimum deposit is low enough to start with $5
- Three account types, so the lots needed vary with what you open
- Five of the seven server groups we measured sit in London
- The quickest route we measured was 1.30 ms, on Real 39
Worth checking first
- The entity you are assigned to varies by country, and so do your protections
- Real 33 answers from Singapore while Real 39 answers from London — consecutive numbers, different continents
- A demo account answers from London whichever live group you later get
- XM Zero earns a lower rebate, so a free VPS needs more volume
Written by us, not by XM. We are paid a rebate on the volume you trade there, which funds the free VPS — so read this as a description rather than a recommendation. We do not score brokers and we are not authorised to advise you on which to choose. Everything above can be checked on their own site or with the regulator named.
We are paid a rebate by this broker. That is how the free VPS is funded, and it is worth knowing before you read the reviews below. We do not rate brokers ourselves, and we do not remove a review for being unfavourable — only for being abusive, off-topic or unverifiable.
No reviews of XM yet. If you trade there, yours would be the first.