xm
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- Regulators
- CySEC, ASIC, DFSA, FSCA, FSC Belize, FSC Mauritius, FSA Seychelles
- Minimum deposit
- $5
- Maximum leverage
- 1:1000
- Spreads from
- 0.8 pips
- Platforms
- MT4, MT5
Strengths
Minimum deposit of just $5 on Micro, Standard and Ultra Low accounts MT4 and MT5 platforms with a demo account available Negative balance protection on all accounts, plus an Islamic (swap-free) option Educational resources, and XM generally covers deposit and withdrawal fees Group holds licences from several regulators, including CySEC and DFSA
Things to know
Thai clients are usually onboarded by XM Global Limited under FSC Belize (offshore), which gives weaker protection than CySEC and has no ICF-style compensation fund XM holds no licence from the Thai SEC Leverage up to 1:1000 can magnify losses quickly and is risky for beginners Standard/Micro spreads start around 1.6 pips, and the Zero account adds a commission Market maker (B-book) execution model, and overnight swaps apply
Before opening an account, check the licence on the regulator's own website and read the deposit and withdrawal terms.