Broker profile
XM
Ranked #10 of 15 fully scored brokers. 8 of 13 fields verified. Last verified .
Pipcompass score
- LicenceLicensed: FSC (Belize), FSA (Seychelles), FSC (Mauritius), FSCA +15 entities across 5 regulators. Licence numbers and register links below.Checked 11 Oct 2026Source
- Warning listsOn 1 regulator warning listxm.com is listed by SC Malaysia (2 entries).Checked 20 Oct 2026Source
- ClonesImpersonated: 1 clone listingSC Malaysia lists sites posing as XM Global Limited. The warning is about the copy, not the firm. Check the address before you deposit.Checked 20 Oct 2026Source
- DomainDomain registered 1994xm.com: registered 1994-09-21 (32 years ago), registrar GoDaddy.com, LLC. Source: RDAP.Checked 11 Oct 2026Source
Badges state facts from licence registers, regulator warning lists and RDAP. They are not a rating. How we check.
Key facts
- Founded
- Not verified
- Headquarters
- Not verified
- Platforms
- MT4, MT5, Proprietaryxm.com, verified 11 Oct 2026XM App.
- Minimum deposit
- $5xm.com, verified 11 Oct 2026
- Max. leverage
- Not verified
- Copy trading
- Offeredxm.com, verified 11 Oct 2026XM Copy Trading.
- Swap-free / Islamic
- Offeredxm.com, verified 11 Oct 2026"Islamic option as standard" on all accounts.
- Deposit methods
- Not verified
- Restricted countries
- US, CA, IL, IRxm.com, verified 11 Oct 2026Plus "other sanctioned countries".Partial list. Absence of a country does not confirm the broker accepts it.
Regulation and legal entities
Which entity you sign up with decides which rules protect you. Check the licence number on the regulator’s register before you deposit.
| Entity | Regulator | Licence / ref. | Tier |
|---|---|---|---|
| XM Global LimitedNumber as shown on the site. | FSC (Belize)Belize | 8557558 | Tier 3: offshore or registration-only |
| XM (SC) LimitedSource: trading-point.com, verified 11 Oct 2026 | FSA (Seychelles)Seychelles | SD190 | Tier 3: offshore or registration-only |
| XM International MU LimitedSource: trading-point.com, verified 11 Oct 2026 | FSC (Mauritius)Mauritius | GB23202700 | Tier 2: national regulator |
| XM ZA (Pty) LtdSource: trading-point.com, verified 11 Oct 2026 | FSCASouth Africa | FSP 49976 | Tier 2: national regulator |
| TPXMGLOBAL Kenya LimitedNon-dealing online FX broker.Source: trading-point.com, verified 11 Oct 2026 | CMA (Kenya)Kenya | 233 | Tier 2: national regulator |
Source: xm.com, verified 11 Oct 2026 xm.com shows only the Belize entity. The other XM-named entities come from the parent group's (Trading Point Holdings) regulation page. Group entities that the page does not tie to the XM brand (CySEC, DFSA, FCA, ASIC, CFTC) are not listed.
Accounts and advertised costs
Figures are the broker’s advertised “from” values, not measured averages. Live spread testing: not yet tested.
| Account | Min. deposit | Spread from (advertised) | Commission / side | Measured spread |
|---|---|---|---|---|
| Standard | $5 | — | — | Not yet tested |
| Ultra Low | $5 | — | — | Not yet tested |
| Shares | $10,000 | — | — | Not yet tested |
Source: xm.com, verified 11 Oct 2026
- Lowest spread, no-commission account
- from 0.80xm.com, verified 11 Oct 2026Site-wide "as low as 0.8 pips"; not account- or pair-specific.
- Raw account commission
- Not verified
Strengths and drawbacks from the data
Generated by fixed rules from the fields above. Each rule is listed on the methodology page.
Strengths
- 5 distinct regulators across the group.
- Low stated minimum deposit ($5).
- Copy trading offered.
- Swap-free (Islamic) option offered.
Drawbacks or gaps
- No rule triggered.
Score breakdown
| Category | Weight | Points | Based on |
|---|---|---|---|
| Regulation | 35% | 68 | Best tier 2; 3 Tier 1–2 regulators |
| Advertised costs | 20% | 60 | from 0.8 spread |
| Platforms | 15% | 55 | MT4, MT5, Proprietary |
| Minimum deposit | 10% | 90 | $5 |
| Copy trading and swap-free | 10% | 100 | copy trading, swap-free |
| Disclosure | 10% | 100 | 100% licence numbers shown; restricted list published |
Total 73.1 out of 100, from 100% of the weight. Categories without data are left out and the rest rescaled.
Sources
- https://www.xm.com/Used for: entities, platforms, standardSpreadFrom, copyTrading, restrictedCountries. Checked 11 Oct 2026.
- https://www.xm.com/account-typesUsed for: minDeposit, accountTypes, swapFree. Checked 11 Oct 2026.
- https://www.trading-point.com/company/regulationUsed for: entities (XM (SC) Limited), entities (XM International MU Limited), entities (XM ZA (Pty) Ltd), entities (TPXMGLOBAL Kenya Limited). Checked 11 Oct 2026.