Brokers  /  XM

XM

Low risk
🇨🇾 Cyprus · 5-10 years · since 2017-09-11 · TRADING.COM MARKETS UK LIMITED
ASICCMACYSECDFSAFSCFSCA
Visit site ↗
2.3/5
★★★★★ ★★★★★
3,131 reviews ›
6
Licenses ›
0
Withdrawal issues ›
$5
Min. deposit ›
1:1000
Max leverage ›
4
Account types ›
10/100
Scam risk ›
10
Clone sites ›
Accounts: Stock · $5Micro · $5Standard · $5Ultra Low Spread Standard & Micro · $5
▲ 0% positive▼ 0% negative
Independent ratingshow third parties score this broker
WikiFX9.15/10
Trustpilot2.3/5
Forex Peace Army—/5
10
Low risk
Scam Risk Scoremonitored · 2026-07-05
Lower riskHigher risk
  • Authorised by Tier-1 regulator(s): ASIC, CYSEC
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing835%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints012%
Offshore registration108%
Transparency (site/info/social)2210%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameTRADING.COM MARKETS UK LIMITED
Headquarters🇨🇾 Cyprus
Founded2017-09-11
Years operating5-10 years
Employees0
Official websitexm.com
Trading conditions
Avg execution speed131.5 ms AAA
Avg slippage-0.3 AAA
Swap ratingA
Trading cost ratingAA
Monitored traders44,539
Monitored orders411,619
Funding & instruments
Deposit methods · --
Withdrawal methods · --
InstrumentsCurrency pairs (majorminor and exotic)stock CFDsCFDs on cryptocurrenciescommoditiesturbo stocksprecious metalsthematic indicesequity indices and energies

Regulation & licenses · 6

RegulatorLicense typeLicense No.RegionStatus
ASICMarket Making License (MM)443670AustraliaRegulated
CYSECMarket Making License (MM)120/10CyprusRegulated
DFSADerivatives Trading License (MM)F003484United Arab EmiratesRegulated
FSCADerivatives Trading License (EP)49976South AfricaRegulated
FSCSecurities Trading License (EP)8557558BelizeRegulated
CMAForex Execution License (STP)233KenyaRegulated

Account types · 4

AccountMax leverageMin. depositMin. spreadCommissionEA
Stock--$5Depends on the stock exchange--✓
Micro1:1000$5As low as 1 --✓
Standard1:1000$5As low as 1 --✓
Ultra Low Spread Standard & Micro1:1000$5As low as 0.6--✓

Review analysis AI

Rating mismatch — Industry-tracker scores run far higher than real users do (gap 2.28)

There aren’t enough independent reviews for XM yet to draw firm conclusions. The lack of public feedback is itself a caution sign for a smaller or newer broker.

0
Period:

Real user reviews

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About XM

XM is a forex and CFD broker based in Cyprus, with records dating to 2017-09-11. It reports oversight from ASIC, CMA, CYSEC, DFSA, FSC, FSCA.

FXCanary’s verdict is “Low risk.” On balance the regulatory footprint and real-user feedback are reassuring, though no broker is risk-free.

On Trustpilot, XM holds a real-user score of 2.3/5 across 3,131 reviews.

Finally, beware of impersonation: we tracked 50 clone website(s) copying XM. Always reach the broker through its verified official domain, never via links in ads or messages.

Overview compiled by FXCanary from regulatory records and public data. full XM review