About XM the company

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XM is an online FX and CFD broker whose parent company,Trading Point Holding, was founded in 2009.

XM is available globally and is regulated by three financial authorities: the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the International Financial Services Commission of Belize (IFSC).

Visit XM
75.59% of retail CFD accounts lose money

TABLE OF CONTENTS

  1. The company and its environment:
    History, Owners, Competitors

  2. Our analysis and guides on XM:
    XM Review 2022

  3. Services offered:
    Forex trading, Stock trading, CFD trading

  4. Legal background:
    Countries served, Legal entities, Regulation

 

History

 

XM was founded in 2009 under the umbrella of Trading Point Holdings as a global forex brokerage. In 2010, XM received registration status from the UK's FSA (the former regulator) and all major EU regulatory authorities. It launched mobile trading in 2011. Following the 2012 acquisition of XEMarkets.com, the brokerage purchased the 2-letter domain name XM.COM as the short version of XEMarkets in 2013.

The company's client base increased steadily in recent years. In 2015, the number of clients exceeded 500,000, climbing to 700,000 by 2016. Meanwhile, XM Group was granted an operating license by the UK's Financial Conduct Authority (FCA).

In 2017, they reached the 1,000,000 clients milestone, launched the Multi-Asset MetaTrader 5 (MT5) trading platform, and XM was listed among the 100 industry-leading companies globally by World Finance 100.

Since 2018, XM has provided forex, CFD, and currency exchange services through their mobile, desktop, and MetaTrader platforms.

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Owners

 

Trading Point Holdings Ltd, a private limited company incorporated in Cyprus, is the owner of XM .

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Competitors

 

XM is recommended for forex and CFD traders who prefer MetaTrader platforms and value a great account opening experience. We selected XM's closest competitors from among brokers providing similar services. 

  • FxPro is recommended for forex and CFD traders familiar with MetaTrader platform and looking for a broker with a great account opening
  • FXTM is recommended for forex traders familiar with the MetaTrader platform
  • FP Markets is recommended for forex and CFD traders familiar with MetaTrader and Iress trading platforms
  • Markets.com is recommended for traders looking to venture into CFD trading

Back to the top | see more XM alternatives

 

Services offered

Forex trading

XM provides 57 currency pairs, including majors, minors, and exotics. Cryptocurrencies, however, are not included in their product portfolio.

Back to the top learn more about trading on XM

Stock trading

XM provides real stocks for clients onboarded under its IFSC-regulated entity, which is a major upside compared to its competitors. Clients can trade real stocks only after opening a Shares Account.

Back to the top  | learn more about trading on XM

CFD trading

XM 's CFD selection consists of 28 stock index CFDs, 1240 stock CFDs and 15 commodity CFDs. Cryptocurrency CFDs are not available at XM.

Back to the top  | learn more about trading on XM

 

Countries served

 

XM serves clients globally and it operates separate entities for Australia, the EEA countries, the Middle-East, and all other international clients.

Legal entities and countries served by XM
Country of clients Protection amount Regulator Legal entity
EEA countries €20,000 Cyprus Securities and Exchange Commission (CySEC) Trading Point of Financial Instruments Ltd.
Australia No protection Australian Securities and Investments Commission (ASIC) Trading Point of Financial Instruments Pty Ltd.
Middle-East No protection Dubai Financial Services Authority (DFSA) Trading Point MENA Limited
Rest of the world No protection International Financial Services Commission of Belize (IFSC)  

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Legal entities

 

Trading Point Holdings Ltd., a private limited company incorporated in Cyprus, is the owner of XM.

Trading Point of Financial Instruments Ltd. is the entity serving EEA countries.

Trading Point of Financial Instruments Pty Ltd. is solely for Australian clients.

Trading Point MENA Limited, regulated by the Dubai Financial Services Authority (DFSA), serves clients in the Middle East.

XM Global Limited serves international clients from the rest of the world.

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Regulation

 

XM is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the International Financial Services Commission of Belize (IFSC).

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Visit XM
75.59% of retail CFD accounts lose money

-> Back to full XM review 2022

Further reading:

Author of this article

Márton Oláh

Author of this article

Márton Oláh, MSc has been a macro and value investor of stocks for 10 years on his own account. Since 2020 he has been trading options and volatility as well. Márton has founded a venture capital backed company and led it for 8 years before professionally turning to finance therefore is an expert in interpreting company reports.

Márton Oláh

Strategic Advisor

Márton Oláh, MSc has been a macro and value investor of stocks for 10 years on his own account. Since 2020 he has been trading options and volatility as well. Márton has founded a venture capital backed company and led it for 8 years before professionally turning to finance therefore is an expert in interpreting company reports.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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