Editorial only. Trading CFDs is high-risk — most retail accounts lose money. We are not a broker and not a financial adviser. Capital at risk. Verify regulation and terms directly with each broker before opening an account.
XM
XM Review 2026
Trust Score: 70/100— Average
Regulated by
- IFSC
- CySEC
Belize-contracted forex and CFD broker with MetaTrader 4/5, a $5 minimum deposit and equity-tiered leverage up to 1:1000. EEA, UK and Norwegian readers are routed to the regulated fallback because the entity behind our partner link is offshore for them.
Regulation
50
Fees & Costs
72
Platforms
74
Education
78
Customer Support
70
Research & Tools
66
XM Trust Radar
Pros
- Minimum deposit from $5 (xm.com account types)
- MetaTrader 4 and 5, the XM app, and a copy-trading service (portal landing catalogue)
- Refers clients worldwide 'as long as we operate in the countries they reside in' (XM help centre)
- Negative balance protection, hedging and an Islamic option on all accounts (xm.com)
Cons
- Our partner contract is with XM Global Limited (Belize FSC); EEA, UK and Norwegian clients belong to the CySEC entity outside it — we route those visitors to the regulated fallback
- Leverage up to 1:1000 for equity under $40,000 (XM help centre) — far outside ESMA/FCA retail limits; never treat that as a benefit
- Not offered to citizens of the United States, Canada, Israel or Iran (xmglobal.com restricted regions)
- The EU entity publishes 75.12 % of retail accounts losing money; the global entity publishes no figure
Broker Specifications
FoundedNot published
HeadquartersBelize City, Belize
Min. Deposit$5
Max Leverage (EU)N/A
Max Leverage (non-EU)1000:1
EUR/USD SpreadNot published
CommissionNot published on the pages read (the EU site's Ultra Low account is described as low-commission)
PlatformsMT4, MT5, XM App
Instruments1,400
FX PairsNot published
Crypto CFDsYes
Stock CFDsYes
Risk Warning
Trading and investing carry a high risk of losing money. Where CFDs or other leveraged products are offered, a high proportion of retail investor accounts lose money. Always verify the product type, regulation and terms directly with XM before opening an account.
Other Top Brokers
PE
Pepperstone
Score: 96/100
Pepperstone is an ECN broker regulated by the FCA and ASIC among seven authorities. It advertises raw spreads from 0.0 pips on its Razor account and runs a no-dealing-desk execution model, which is why it is widely used by active and algorithmic traders.
IC
IC Markets
Score: 93/100
IC Markets is the world's largest true ECN broker by volume, processing over $20 billion daily. Ideal for high-frequency traders who need raw spreads and deep liquidity.
IG
IG Group
Score: 95/100
IG is the world's largest CFD provider and a FTSE 250 company. With 50 years of history and regulation across 8 jurisdictions, it's the gold standard for trust and research quality.
This is not financial advice. Past performance is not indicative of future results.
