XM
Best for very small starting balances
WizardTrader score
80
/100
CFDs are complex and carry a high risk of losing money rapidly due to leverage. Check the broker's own retail loss disclosure.
Affiliate disclosure: We earn a commission if you open an account through our link. This listing is a partner placement and is not part of our editorial ranking. How we make money
Before you sign up
xm.com is operated by XM Global Limited, regulated in Belize, with leverage up to 1000:1. EU clients are served by the CySEC entity.
Key facts
Regulators
CySEC (120/10), DFSA, FSCA, FSC Belize (XM Global)
EUR/USD cost
Standard from 1.6 pips; Zero (EU) + $7 RT
Minimum deposit
$5
Platforms
MT4, MT5, XM App
Max leverage
30:1 (CySEC); up to 1000:1 via Belize entity
Founded and headquarters
2009, Limassol, Cyprus
Pros
- $5 minimum deposit
- 1,400+ instruments
- CySEC-regulated EU entity
Cons
- Standard spreads are wide (from 1.6 pips)
- Global site uses the offshore Belize entity
- Inactivity fees
Our review
XM is easy to start with thanks to a $5 minimum deposit, but standard-account spreads start at 1.6 pips on EUR/USD, and most international clients sign up with its Belize entity. Dormant accounts are charged monthly fees.
Score breakdown: Regulation 28/35, Costs 17/25, Platforms 12/15, Access 10/10, Track record 13/15.