Intro
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).
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71.61% of retail CFD accounts lose money
TABLE OF CONTENTS
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The company and its environment:
History, Owners, Competitors -
Our analysis and guides on XM:
XM Review 2022 -
Services offered:
Forex trading, Stock trading, CFD trading -
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 .
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
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Services offered
Forex trading
XM provides 57 currency pairs, including majors, minors, and exotics. Cryptocurrencies, however, are not included in their product portfolio.
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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.
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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.
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Countries served
XM serves clients globally and it operates separate entities for Australia, the EEA countries, the Middle-East, and all other international clients.
| 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) |
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.
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).
Visit XM
71.61% of retail CFD accounts lose money
-> Back to full XM review 2022
Further reading:
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.
