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XM is a forex and CFD broker founded in 2009, headquartered in Limassol, Cyprus. It is regulated by CySEC (licence 120/10), ASIC (licence 443670), IFSC (licence 000261/158), DFSA (licence F003484). The EUR/USD spread starts from 0.6 pips on an STP or hybrid account — the spread is tight and a partial commission may apply. The minimum deposit is $5. The broker offers 1,400+ tradable instruments. MetaTrader 4 and MetaTrader 5 are available. This page shows verified regulation data, a full trade cost breakdown, and how XM compares to 100 other brokers on real trading fees.
| Regulator | Licence number | Legal entity | Max leverage | Countries |
|---|---|---|---|---|
| CySEC Tier 2 — Standard |
120/10 |
Trading Point of Financial Instruments Ltd | 30:1 | CY, DE, FR, ES, IT, NL, PL, AT, BE, PT +18 more |
| ASIC Tier 1 — Strict |
443670 |
Trading Point of Financial Instruments Pty Ltd | 30:1 | AU, NZ |
| IFSC Tier 3 — Offshore |
000261/158 |
XM Global Ltd | 1000:1 | IL, ZA, AE, SA, IN, NG, KE, EG, BR, MX +14 more |
| DFSA Tier 2 — Standard |
F003484 |
XM Dubai Ltd | 30:1 | AE |
| Hold duration | Spread cost | Commission | Swap (est.) | Total |
|---|---|---|---|---|
| Intraday (no overnight) | $6.00 | $3.50 | — | $9.50 |
| 1 night | $6.00 | $3.50 | $6.50 | $16.00 |
| 3 nights | $6.00 | $3.50 | $19.50 | $29.00 |
| 1 week | $6.00 | $3.50 | $45.50 | $55.00 |
| 1 month | $6.00 | $3.50 | $195.00 | $204.50 |
Swap rates are industry-typical estimates. Actual overnight rates vary per broker and change with interest rates. Commission is estimated from spread profile (STP / Hybrid).
| Rank | Broker | Spread | Spread $ | Commission | Swap (est.) | Total |
|---|---|---|---|---|---|---|
| 1 | Pepperstone | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 2 | IC Markets | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 3 | FP Markets | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 4 | Exness | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 5 | Tickmill | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 6 | Eightcap | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 7 | RoboForex | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 8 | LiteFinance | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 60 | XM | 0.6 pips | $6.00 | $3.50 | $6.50 | $16.00 |
| MetaTrader | MT4 & MT5 available |
| Copy trading | No |
| Real stock ownership | No (CFD only) |
| Retail loss rate | 75.21% of retail accounts lose money |
| Inactivity fee | USD15/month after 3 months |
| Headquarters | Limassol, Cyprus |
| Founded | 2009 |
Data sourced from official regulator registers (FCA, ASIC, CySEC, MAS and others), verified 2026-09-15. Spread figures are typical/minimum and may differ on live accounts. Trade cost estimates use standard lot sizes and typical industry swap rates. This page does not constitute financial advice. Read full XM review →