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XM is a Forex broker founded in Cyprus in 2010. From the time of its founding, leverage of up to 1:1,000 and numerous bonus incentives (account opening bonus, deposit bonus, etc.) became a hot topic and received high support from users, and combined with high affiliate income, it quickly gained popularity.

Around the third year since the company was founded, the service name was changed from TradingPoint, which was the original service name at that time, to XEMarket, and then the service brand name was again changed to "XM Trading" in the Asian region and "XM" in other regions. Today, it has become an international mega-broker with FX services in 120 countries / 21 languages. European residents can choose to open an account with Seychelles' Cyprus Securities and Exchange Commission (CySEC) licensed "XM CY" subsidiary or Belize's Financial Services Commission (FSC) licensed "XM Global" subsidiary. If you wish to take advantage of the bonuses and high leverage that are characteristic of XM, you need to select "XM Global".

XM offers three different account types (Standard, Micro, and Zero). A VPS for automated trading is available for free if you meet the requirements. It also offers a wide variety of learning tools, actively providing trading seminars and videos.

On the other hand, in terms of trading conditions, since the main customer base is beginner to intermediate users, the spread is higher than that of other brokers. In the case of Standard account, it is USD/JPY 1.5pips and EUR/USD 1.6pips, not a broker with a small spread. For Zero account, some instruments are offered with small spreads such as USD/JPY 0.1pips and EUR/USD 0.2pips, but $ 5 (USD) or equivalent per lot is required as a trading fee. Therefore, considering only trading conditions, it is not advantageous.

However, despite these slightly unfavorable trading conditions, it is still one of the most popular Forex brokers in the world due to its quick and stable deposit and withdrawal performance and reliability for the scale of service.

Official Website


  1. Quick support
  2. Wide range of bonus programs
  3. High leverage up to 1:1,000
  4. Reliable large-scale business
  5. Low minimum deposit $ 5 (USD)


  1. Large spread
  2. Profit can be withdrawn only via bank transfer
  3. Maximum leverage depends on market trends

Operating Company

Company name:
Trading Point of Financial Instruments Limited, XM Global Limited, Trading Point of Financial Instruments Pty Limited, Trading Point MENA Limited
Head office address:
[Trading Point of Financial Instruments Limited]
12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus
[XM Global Limited]
No. 5 Cork Street, Belize City, Belize, CA
[Trading Point of Financial Instruments Pty Limited]
Level 13, 333, George Street, Sydney, NSW 2000, Australia.
[Trading Point MENA Limited]
Unit S1302, Level 13, South Tower, Emirates Financial Towers, DIFC, PO Box 507013, Dubai, UAE
Financial supervisor:
[Trading Point of Financial Instruments Limited]
Cyprus Securities and Exchange Commission (CySEC) license number 120/10
[XM Global Limited]
Financial Services Commission (FSC) license number 000261/397
Cyprus Securities and Exchange Commission (CySEC) license number 120/10
[Trading Point of Financial Instruments Pty Limited]
Australian Securities and Investments Commission (ASIC) license number 443670
[Trading Point MENA Limited]
Dubai Financial Services Authority (DFSA) license number F003484

Customer Service

Website language:
[Asia] Malaysian, Simplified Chinese, Traditional Chinese, Indonesian, Korean,Vietnamese,Thai, Tagalog, Bengali, Urdu
[Europe and America] English, Greek, Hungarian, Russian, French, Italian, Swedish, German, Polish, Spanish, Portuguese, Dutch, Czech
[Middle East, Africa] Turkish, Arabic
Trading platform:
MetaTrader4/5, WebTrader
English support:
Email, Support Chat, Phone, FAX
Business hours:

[Chat support] (Weekdays)24 hours
[Email support] (365 days)24 hours

Email address:
[email protected]
Phone number:
(+357) 2502-9933

Trading Rules

Roll over:
0:00 (Server time)
Margin call:
When the margin maintenance rate falls below 50%
Loss cut:
When the margin maintenance rate falls below 20%
Matched order:
EA restrictions:
Request for additional margin:
None (If the margin becomes negative, zero cut will be performed)
Funds management:
Managed in a segregated bank account
Bankruptcy compensation:
Investor Compensation Fund (ICF)

(*1)Matched orders between multiple accounts are prohibited.

Conditions for Each Account Type

Trading platform:
MetaTrader4/5, WebTrader
Brokerage model:
NDD OTC method
Spread method:
Variable spreads
Trading account currency:
[Standard, Micro] Japanese Yen, US Dollar, Euro, ​Australian Dollar, Pound (6 other currencies are available)
[Zero] Japanese Yen, US Dollar, Euro
Maximum leverage:
[Trading Point of Financial Instruments Limited] 1:30
[XM Global Limited] 1:1,000
Initial minimum deposit:
[Standard, Micro]$ 5 (USD)
[Zero] $ 100 (USD)
Lot size:
[Standard, Zero] 100,000 units
[Micro] 1,000 units
Minimum order size:
[Standard, Zero] 0.01 lot
[Micro] MT4: 0.01 lot/MT5: 0.1 lot
Maximum order size:
[Standard, Zero] 50 lots
[Micro] 100 lots
Maximum open orders:
[Standard, Zero] 10,000 lots
[Micro] 20,000 lots

[FX/Currency Pair]: 55(*1)
[CFD/Metals]: 4 
[CFD/Indices]: 24
[CFD/Energy]: 5
[CFD/Cryptocurrencies]: 31(*2)
[CFD/Commodities]: 8

Available trading hours:
(Monday) 0:05 am - (Friday) 11:50 pm (Server time)
Transaction fees:
[Standard, Micro]None
[Zero]$ 5 (USD)(*3)
Account maintenance fee:
Holding multiple accounts:
GMT time difference:
[MT4/MT5] Daylight saving time : +3 hours, Winter time : +2 hours

(*1)54 FX/Currency Pairs are tradeable with Zero account.

(*2)CFD/Cryptocurrencies cannot be traded with Zero account.

(*3)The fee is per order (One way).

Official Website
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