The verdict in 30 seconds
Independent review of XM, covering regulation, licenses, accounts, spreads, platforms, funding methods, and swap-free account terms.
XM is regulated through Tier 1, offers MT4, MT5, XM App, spreads from 0.6 pips, and leverage up to 1:1000.
Best for: XM is best suited for beginner traders and those seeking low entry barriers, given its $5 minimum deposit and user-friendly platforms like MT4, MT5, and the XM App. The broker appeals to traders in the MENA region due to its DFSA regulation, Arabic language support, and Islamic account option. However, its spreads are wider than those of ECN-focused brokers, making it less ideal for high-frequency traders.
Look elsewhere if: Spreads wider than ECN-focused brokers
Regulation & licensing
License status is shown explicitly. Withdrawn or revoked licenses are never hidden.
| Regulator | Full name | Jurisdiction | License number | Tier | Status |
|---|---|---|---|---|---|
| CySEC | Cyprus Securities and Exchange Commission | Cyprus | 120/10 | Tier 1 | Active |
| ASIC | Australian Securities and Investments Commission | Australia | 443670 | Tier 1 | Active |
| DFSA | Dubai Financial Services Authority | UAE | F003484 | Tier 2 | Active |
Accounts, spreads & leverage
The spread band is Spread of 0.6 pips on major FX pairs. Maximum leverage depends on the account and regulating entity.
| Account | Minimum | EUR/USD spread | Commission / lot | Execution | Leverage | Swap-free |
|---|---|---|---|---|---|---|
| Micro | $5 | 1.6 pips | 0 | Market Maker | 1:1000 | — |
| Standard | $5 | 1.6 pips | 0 | Market Maker | 1:1000 | — |
| XM Ultra Low | $50 | 0.6 pips | 0 | STP | 1:1000 | — |
| Islamic (Standard) | $5 | 1.6 pips | 0 | Market Maker | 1:1000 | ✓ |
Deposits & withdrawals
Withdrawal timing: Verify official withdrawal timetable; deposit processing times do not specify withdrawal durations.
| Method | Deposit fee | Withdrawal fee | Processing | Currencies |
|---|---|---|---|---|
| Bank Wire | Free | Free | 2-5 business days | USD,EUR,GBP |
| Visa/Mastercard | Free | Free | Instant | USD,EUR,GBP |
| Skrill | Free | Free | Instant | USD,EUR |
| Neteller | Free | Free | Instant | USD,EUR |
Trading platforms
Islamic account & our Sharia checklist
Swap-free account: Available.
A swap-free label is not the same as a Sharia-compliance verdict. Check that no overnight interest is charged under another name, replacement fees are fixed rather than interest-linked, leverage terms are understood, and the exact contract is reviewed.
Our factual note: XM offers an Islamic (Standard) account with swap-free implementation disclosed as available. However, the broker does not provide detailed terms or conditions regarding swap-free execution, and no religious compliance claims are made. Traders should review the official terms to confirm alignment with personal requirements.
Who XM is for
XM is best suited for beginner traders and those seeking low entry barriers, given its $5 minimum deposit and user-friendly platforms like MT4, MT5, and the XM App. The broker appeals to traders in the MENA region due to its DFSA regulation, Arabic language support, and Islamic account option. However, its spreads are wider than those of ECN-focused brokers, making it less ideal for high-frequency traders.
- Ultra-low $5 minimum deposit — very beginner friendly
- Extensive free education with daily webinars
- DFSA regulated — authorized for MENA clients
- Full Arabic website and support
Who should look elsewhere
No broker fits everyone. Consider another option if the following limitations matter to you.
- Spreads wider than ECN-focused brokers
- No cTrader or TradingView integration
Frequently asked questions
Is XM regulated?
XM is regulated by CySEC (120/10), ASIC (443670), DFSA (F003484). Review the licensing table for current status.
What is the minimum deposit at XM?
The disclosed minimum deposit starts from $5.
Does XM offer an Islamic account?
XM advertises a swap-free account. This does not constitute a halal or Sharia-compliance verdict; verify its fees and terms.
What platforms does XM support?
XM supports MT4, MT5, XM App.
What is the maximum leverage at XM?
The disclosed maximum leverage is up to 1:1000, subject to account and regulator.
How long do withdrawals take at XM?
Verify official withdrawal timetable; deposit processing times do not specify withdrawal durations.
Reviews are independent and informational, not investment advice. Trading carries high risk. Regulatory status and terms can change. Last reviewed: June 9, 2026.
