| Detail | Information |
|---|---|
| Regulation | CySEC, ASIC, DFSA, FSC |
| Spread from | 0.6 pips (EUR/USD) |
| Min. Deposit | $5 |
| Max Leverage (EU) | 30:1 |
| Platforms | MT4, MT5 |
| Instruments | 1,000+ |
| Best For | Budget traders, MT4/MT5 loyalists |
XM Group, founded in 2009 and headquartered in Cyprus, is regulated by CySEC and ASIC. Irish traders can access XM under European regulatory protections. XM is particularly notable for its extremely low $5 minimum deposit and its industry-leading no-requote policy. Our research — drawing on Trustpilot reviews, Forex Peace Army trader feedback, and trading community threads — places XM as a strong mid-tier option, especially for traders on tighter budgets or those loyal to the MetaTrader ecosystem.
XM is regulated by CySEC, ASIC, DFSA, FSC. This multi-jurisdictional regulation means traders benefit from investor protection schemes and negative balance protection under MiFID II (for EU/Irish clients). Always verify a broker's regulatory status directly with the relevant authority before depositing funds.
Traders using XM have access to MT4, MT5. The platform selection covers the needs of most retail traders, from beginners learning on a simple interface to advanced traders using algorithmic strategies and custom indicators.
XM offers spreads from 0.6 pips on EUR/USD, though typical spreads may vary depending on market conditions and account type. Always review the full fee schedule — including overnight swap rates and withdrawal fees — before opening an account.
Our XM assessment is based on aggregated third-party data from Trustpilot, G2, Forex Peace Army, and independent trader communities. We do not claim first-hand live trading experience with this broker. Ratings and data are reviewed quarterly. See our Methodology for full details.
Our scores are aggregated from Trustpilot, G2, Forex Peace Army, and independent trader communities. We weight Regulation & Safety (30%), Trading Costs (25%), Platform Quality (20%), Customer Experience (15%), and Education (10%). Ratings are reviewed quarterly. Read our full methodology →
XM earns a 4.4/5 in our independent assessment. Best suited for: Budget traders, MT4/MT5 loyalists. Our research consistently places XM as a solid mid-tier option for traders prioritising accessibility and value. We recommend comparing at least two or three brokers before opening an account.
CFDs are complex instruments. XM is regulated by CySEC. Capital at risk.