XM
A mass-market broker with a very low entry point ($5), strong localization, and education; convenient for beginners.
- Very low entry point ($5), strong localization and education
- CySEC + ASIC, compensation fund up to €20k
- 1000+ instruments, MT4/MT5
- Some clients are served through an offshore entity (Belize)
- No separate raw account with a commission — the cost is in the spread
How the score breaks down
Platforms: MT4, MT5, XM WebTrader / app. 1000+ instruments: forex, indices, commodities, metals, energies, stocks
Regulation: CySEC (Cyprus, 120/10), ASIC (Australia, AFSL 443670), FSC (Belize). Segregated accounts; the CySEC entity is covered by the Investor Compensation Fund (up to €20,000). Some clients are served through the offshore entity (Belize).
Min. deposit: $5. Account types: Micro, Standard, XM Ultra Low, Shares.
Standard/Micro from ~1.6 pips; XM Ultra Low from ~0.6 pips (spread only, no commission). No commission on Micro/Standard/Ultra Low (in the spread); on Shares — a commission
Verifiable facts
Each value links to its primary source.
⚠️ Terms may change — verify on the broker's website. Regulation may be offshore and may not cover clients from every country. Trading carries a risk of capital loss. Not investment advice.