- Licensed entity
- Trading Point of Financial Instruments Pty Ltd
- Licence no.
- AFSL 443670
Reported by third-party sources · SourceCheck register ↗
XM
Trading Point Holdings Ltd · Limassol, Cyprus
MT4/MT5 forex broker with a $5 minimum deposit, serving most clients through offshore entities.
7.7out of 10
5 regulator alerts against XM, 1 in the last two years.
Regulators say these XM companies or websites aren't authorised in their countries. See the alerts
Licences (5)
- Licensed entity
- Trading Point of Financial Instruments Ltd
- Licence no.
- 120/10
Reported by third-party sources · SourceCheck register ↗
- Licensed entity
- Trading Point MENA Limited
- Licence no.
- F003484
Reported by third-party sources · SourceCheck register ↗
- Licensed entity
- XM ZA (Pty) Ltd
- Licence no.
- FSP 49976
Confirmed in an FSCA press release dated 8 June 2026.
Confirmed on an official regulator source · SourceCheck register ↗
- Licensed entity
- XM Global Limited
- Licence no.
- Not stated
Sources give conflicting licence numbers for this entity.
Reported by third-party sources · SourceCheck register ↗
The broker also reports licences from FSA (SC), FSC (MU). We haven't checked these yet, so they aren't in the score.
Which company you sign up with depends on where you live. Your protections (compensation scheme, leverage limits, negative balance protection) come from that company's regulator.
Score breakdown
Weighted total: 7.7 / 10, ranked #29 of 30. How we score
- Regulation strength: Based on the strongest regulator licensing the broker, plus extra tier-1 and tier-2 licences.
- Licence status: Whether any licence has been revoked or has expired.
- Track record: Years in business: 0.5 points per year, up to 10.
- Transparency: Publicly listed parent, licences disclosed, head office published, client money segregated.
- Regulator alerts: Deductions for regulator alerts against the broker's own companies or websites.
Regulator alerts (5)
| Date | Regulator | Name as published | Source |
|---|---|---|---|
| 30 Mar 2026 | MAS Singapore | XM Global Limited | Source ↗ |
| 7 May 2024 | SC (MY) Malaysia | XM platform operated by Trading Point Holdings Ltd; XM Malaysia | Source ↗ |
| 2 Feb 2022 | FMA New Zealand | XM Global Limited | Source ↗ |
| 17 Dec 2020 | CNV Argentina | XM GLOBAL LIMITED (Trading Point group companies) | Source ↗ |
| 21 Oct 2019 | CVM Brazil | XM GLOBAL LIMITED | Source ↗ |
Scam sites impersonating XM
These alerts are about fraudsters copying the broker's name. They don't count against its score. Always check the website address before you log in or deposit.
- Impersonation of XM ZA (Pty) Ltd via a WhatsApp group: FSCA, 9 Jun 2026 · source
Overview
XM is run by the Trading Point group. Its EU company is licensed by CySEC, with further licensed companies in Australia, Dubai and South Africa. Most international clients are served by XM Global Limited, an offshore company in Belize that offers leverage up to 1000:1 and bonuses not allowed under EU or Australian rules. Regulators in Singapore, Malaysia and New Zealand have issued alerts saying XM Global isn't authorised to serve their residents.
Who it suits: MT4/MT5 traders who want a very low minimum deposit and understand that most non-EU accounts are with an offshore entity that has weaker protection.
Company information
Trading conditions
Pros & cons
Pros
- $5 minimum deposit
- Full MT4 and MT5 support
- Several account types, including micro accounts
- Strong education and webinars
Cons
- Most international clients are onboarded to the offshore Belize entity
- Regulator alerts against XM Global Limited in several countries
- Bonus terms include trading-volume requirements
- No US clients
Frequently asked questions
Is XM regulated?
Yes. XM companies hold licences from ASIC, CySEC, DFSA, FSCA, FSC (BZ) (5 licences in our database). Your protection depends on which XM company you open an account with, so check that company on the regulator's register before you deposit.
Is XM safe?
XM has a score of 7.7/10. Regulators in Argentina, Brazil, Malaysia, New Zealand, Singapore have issued 5 regulator alerts saying XM companies or websites aren't authorised to offer services there (most recent: 30 Mar 2026). Only open an account if the broker is allowed to operate where you live.
Which XM company will I open an account with?
It depends on where you live. The companies in our database are: Trading Point of Financial Instruments Ltd (CySEC, Cyprus (EU)); Trading Point of Financial Instruments Pty Ltd (ASIC, Australia); Trading Point MENA Limited (DFSA, UAE (DIFC)); XM ZA (Pty) Ltd (FSCA, South Africa); XM Global Limited (FSC (BZ), Belize). Clients outside the UK, EU and Australia are often onboarded to an offshore company with weaker protection.
Does XM accept US clients?
No. XM doesn't accept US residents.
What's the minimum deposit and maximum leverage at XM?
Minimum deposit: $5. Maximum leverage: 30:1 (EU / Australia); up to 1000:1 offshore.
Which platforms does XM offer?
MT4, MT5, XM app.
CFDs are complex instruments and carry a high risk of losing money quickly because of leverage. Most retail investor accounts lose money when trading CFDs. Make sure you understand how CFDs work and whether you can afford to take the high risk of losing your money. Licence data checked 12 Oct 2026. Details can change; always confirm on the regulator's register.