XM was launched in 2009 in Limassol, Cyprus, under the Trading Point group brand. A multi-asset broker covering forex, stock CFDs, real shares, indices, commodities, metals, ETFs, bonds and cryptocurrencies.
Regulation
The Trading Point group holds licences from seven regulators: CySEC (Cyprus) 120/10, FSC Mauritius GB23202700, FSA Seychelles SD190 and FSC Belize 8557558. Clients from Mexico are served by XM Global Limited under licence FSC Belize 8557558 (Securities Industry Act 2021). Mexico has no dedicated retail-CFD regulator: CNBV oversees banks and securities markets but does not cover retail CFDs, and CONDUSEF only handles complaints against entities licensed in Mexico. Escalation for a Mexican client goes through the broker's internal procedure and then the FSC Belize.
Platforms and instruments
MetaTrader 4, MetaTrader 5 and the proprietary XM App. Around 1,400 instruments are available across forex, stock CFDs, real shares, indices, commodities, metals, ETFs, bonds and cryptocurrencies.
Account types
- Standard: spreads from 1.6 pips, no commission, lot size 100,000, min trade volume 0.01 lots, multiple base currency options
- Micro: spreads from 1.6 pips, no commission, lot size 1,000, min trade volume 0.1 lots, multiple base currency options
- Ultra Low Standard: spreads from 0.8 pips, no commission, lot size 100,000, min trade volume 0.01 lots, multiple base currency options
- Ultra Low Micro: spreads from 0.8 pips, no commission, lot size 1,000, min trade volume 0.1 lots, multiple base currency options
- Shares: spread per underlying exchange, commission applies, USD base currency only, min trade volume 1 lot
Minimum deposit starts from $5 for retail accounts; Shares accounts require at least $10,000 because of the 1:1 leverage requirement. Conditions per specific instrument are shown in the Personal Area when opening a new account.
Leverage up to 1:1000 on the FSC Belize entity (1:1 fixed on Shares). Swap-free mode is available. Deposits in any currency are automatically converted into the base currency of the trading account.
Payments for clients from Mexico
- OXXO, Bodega Aurrera: cash payments at retail chain locations
- SPEI / Online Bank Transfer
- Visa, Mastercard, Tarjeta Local
- AstroPay
- Google Pay
Withdrawals follow XM's Matching Rule: the exact amount deposited via a specific method is first returned to that same source. Any remaining balance (profits or extra margin) can then be withdrawn through any available method listed under Funding. XM charges no fees on deposits or withdrawals.
Localisation and support
The XM website and educational materials (XM Webinars, market analysis, Trading Central) are available in Spanish. The Personal Area and trading platforms themselves remain in English. Support runs 24/7 in several languages including Spanish through Live Chat and email. The global phone line is +501 2236696 and +501 2279421 (Belize, available 24/7); no dedicated Mexican number is published.
Bonuses and programs
- 100% deposit bonus up to $100: limited-time offer for new clients
- XM Loyalty Program: Bronze, Silver, Gold and Diamond tiers; XMC token accrual redeemable for rewards in the Marketplace
- Copy Trading: in-house copy-trading service, copying trades from signal providers via the XM app
- Trader Contests: regular demo contests and paid tournaments with prize pools; entry fee and pool are listed on each tournament card
- Trading Central: integrated market analytics
- Free VPS: subject to trading volume requirements
Public sources
No regulatory fines against XM have been recorded.
