XM Review 2026
Full XM review for Finland traders — regulation, spreads, fees and our honest verdict.
Regulation in Finland
| Regulator | CySEC CySEC — Cyprus Securities and Exchange Commission (CySEC) |
| Licence Number | 120/10 |
| Regulated Entity | Trading Point of Financial Instruments Ltd |
| Max Leverage (Forex) | 1:30 |
| Max Leverage (Crypto) | 1:2 |
| Minimum Deposit | $5 |
| EUR/USD Spread | From 0.6 pips |
| Instruments | 1,400+ |
| Platforms | MT4, MT5, XM App |
| Copy Trading | ✗ |
| Real Stocks | ✗ |
| Inactivity fee | Inactivity fee: USD15/month after 3 months |
Verdict
Regulated by CySEC (licence 120/10). Minimum deposit $5. In Finland: maximum forex leverage 1:30.
About XM
XM was founded in 2009 and is headquartered in Limassol, Cyprus. The broker offers 1,400 tradeable instruments including forex pairs, CFDs on stocks, indices and commodities. It is regulated across multiple jurisdictions with a primary licence held by Trading Point of Financial Instruments Ltd under CySEC.
In Finland, XM operates as Trading Point of Financial Instruments Ltd, authorised by CySEC under licence number 120/10. Finland traders are subject to a maximum leverage of 1:30 on forex pairs under CySEC rules.
Trading Platforms
Pros
- CySEC regulated — licence 120/10
- 1,400+ instruments to trade
- Negative balance protection in Finland
- Platforms: MT4, MT5, XM App
Cons
- Inactivity fee: USD15/month after 3 months
- 75.21% of retail clients lose money
- CFD trading — you do not own the underlying asset
- No real stock ownership
Key Facts About XM
- Offers 10 account types including Ultra-Low and Shares accounts
- One of the few brokers providing genuine $30 no-deposit bonus to new accounts
- Forex competitions run monthly with cash prize pools over $500,000
Known Limitations
- CySEC entity serves EU clients with 1:30 max leverage; high leverage only available via offshore entity
- Customer support quality reported inconsistent across regions
- No Shares CFDs in all jurisdictions
Frequently Asked Questions
Is XM regulated?
XM holds CySEC licence 120/10, issued to the regulated entity {entity}. This is a real, verifiable licence recorded in the official CySEC public register.
What is the minimum deposit for XM in Finland?
The minimum deposit is $5. This is the amount required to open a live trading account for traders in Finland under CySEC regulation.
What leverage does XM offer in Finland?
In Finland, XM offers maximum forex leverage of 1:30 under CySEC rules. Higher leverage may be available through offshore-regulated entities.
Is XM safe to trade with?
XM is regulated by CySEC, which requires segregated client funds, negative balance protection and independent audits. Regulation does not eliminate trading risk, but it provides meaningful investor protection.
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