CyprusRegulationCySEC, ASIC, DFSA, FSCA, Belice
Min. deposit$5
Leverage1:1 – 1:1000
PlatformsMT4, MT5, propia
InstrumentsForex & CFDs
Founded2009
🏛️ Which entity will open your account?
📍 Pick your country above and we'll tell you exactly which entity opens your account at XM.
How is this decided and how do I verify it? →Regulation by region
The entity you sign with — and your protection — changes depending on where you live.
United Kingdom
Not under the XM brand
The FCA license (FRN 705428) belongs to Trading.com, NOT XM; XM clients in the UK go to BelizeEuropean Union
Regulated in the EU (CySEC)
Trading Point of Financial Instruments Ltd (120/10) — ICF up to €20,000United States
Doesn't open US accounts
Excluded (also Canada, Israel, Iran)Australia
ASIC under Trading.com
AFSL 443670 now belongs to Trading.com Markets Pty Ltd; XM clients in AU go to BelizeRest of the world
OFFSHORE entity
XM Global Limited (Belize, FSC 000261) — no compensation scheme. Argentina IS served.All licenses
Every regulator where the group holds a license, with its execution model. The entity that applies to you depends on your country (see above).
Account types
Micro1 lot = 1,000 units, ideal for beginners
Standard1 lot = 100,000 units, no commission, spread from 1.0 pip
Ultra Lowreduced spreads from 0.6 pip, no commission
Sharesaccount dedicated to real stocks
Pros
✓Transparent operation
✓Good reputation
Cons
✗Outside your region, offshore entity
✗Very high leverage (more risk)
Breakdown by axis
The total score (out of 100) is the sum of the 7 axes, with the same yardstick for everyone. Below each one, the rationale with its source.
Regulation: Tier-1 + offshore14/22 pts
Why: CySEC 120/10 + ASIC 443670 + DFSA + FSCA; the bulk of the world's retail via XM Global (Belize) = offshore. Has NO FCA. Doesn't open US/Canada/Israel accounts
Withdrawals / payments: Isolated complaints10/20 pts
Why: moderate delays: large/first withdrawals trigger extra KYC and bonus disputes; no systemic denial
Fund safety: Segregated (no compensation)8/15 pts
Why: segregated + negative balance across all; ICF EUR20k CySEC entity only; Belize no compensation
Transparency: Clear10/10 pts
Why: no fines or enforcement actions (FinTelegram 'Orange' only for the Belize structure, not a sanction)
Reputation: Strong10/10 pts
Why: founded 2009, millions of clients, one of the most used in the world; Trustpilot ~3.8
Costs: Average4/8 pts
Why: EURUSD ~2.0 pip Standard / ~1.0 Ultra Low (market maker); Zero raw account by region
Sources
Don't take our word for it — check it yourself. These are the official registries and legal pages we relied on.
🔗 CySEC registration — Trading Point (120/10)🔗 ASIC registration — AFSL 443670 (Trading.com Markets)🔗 XM regulation pageTrader reviews
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