XM review

EU/EEA licence Cyprus Forex / CFD Founded 2009 Reviewed 30 September 2026
70
Good protectionProtection Score out of 100. See breakdown

Trading Point of Financial Instruments Ltd in Limassol serves EU clients; the XM Global brand is a separate Belize entity.

Headquarters
Cyprus
Founded
2009
Type
Forex & CFD brokers
Licences on record
4 (1 European)
EU client entity
Trading Point of Financial Instruments Ltd (CySEC)
Platforms
MetaTrader 4, MetaTrader 5
Products
Forex, CFDs
Website
xm.com

Strengths

  • Large, established Cyprus-licensed firm with multilingual support
  • MT4 and MT5 with small minimum trade sizes
  • Extensive educational webinars

Watch-outs

  • The global XM brand runs through an offshore entity – EU clients must use the Cyprus company
  • CFDs only

Overview

XM is the retail brand of the Trading Point group, founded in 2009 in Cyprus. It is one of the best-known MetaTrader brokers worldwide.

Which entity serves you

EU residents are served by Trading Point of Financial Instruments Ltd, licensed by CySEC. The group's global brand "XM Global" is operated by a Belize-licensed company that does not apply ESMA protections. If you live in the EU and see offers of very high leverage or bonuses, you are looking at the global entity.

Platforms and products

MetaTrader 4 and 5 on desktop, web and mobile, plus its own app, with CFDs on forex, indices, commodities, shares and crypto.

Our view

A mainstream choice for MetaTrader users as long as you are with the CySEC entity. Our older site linked to XM's affiliate programme; this profile replaces that page.

Licences on record

Brands often operate several companies. The one that onboards you depends on where you live, and that company's regulator decides your protection. Confirm the entity on the official register before you deposit.

RegulatorJurisdictionTypeCheck it
CySEC Cyprus Securities and Exchange Commission Cyprus EU/EEA – passportable Official register
ASIC Australian Securities and Investments Commission Australia Non-European Regulator website
DFSA (Dubai) Dubai Financial Services Authority United Arab Emirates Non-European Regulator website
FSC Belize Financial Services Commission (Belize) Belize Offshore Regulator website

What protection would you get?

If you are a retail client of XM's European entity, these safeguards apply by law. Which one applies to you depends on the entity you sign with.

Via a CySEC-licensed entity
Cyprus · EU member state

Verify XM yourself

  1. Find the exact company name in the footer of the website and in the client agreement you are asked to sign.
  2. Search that name on the register of the regulator listed for your country (links above). Make sure the register shows the same website domain.
  3. Check warning lists for look-alike names: IOSCO I-SCAN covers alerts from regulators worldwide.
  4. Never download remote-access software or move money because someone "from the broker" phoned you. How clone-firm scams work.

Protection Score breakdown

FactorPoints
Holds at least one European licence (EU/EEA, UK or Swiss)+40
ESMA/FCA retail protections available (leverage caps, negative balance protection, compensation scheme)+15
Supervised in 3 strong jurisdictions+8
Operating for 17 years+7
Total70/100

The score measures structural protection from licences and corporate facts, not costs, service or platform quality. A high score does not mean a firm is right for you. Methodology.

Trader experiences

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About this data

Profile type: reviewed profile. Licence data is from our research and has not yet been re-checked against every register; confirm it on the official register before relying on it. Last updated 30 September 2026.

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