Quick Overview & Key Specifications
| Feature | Details |
|---|---|
| Established | 2009 |
| Headquarters Location | Limassol, Cyprus |
| Regulation | CySEC (License No. 120/10), ASIC (License No. 443708), DFSA (Ref. F003484), FSC Belize (License No. 000261/307) |
| Broker Type | Market Maker / STP |
| Maximum Leverage | Up to 1:1000 |
| Minimum Deposit | From $5 (Micro / Standard / Ultra Low) / $10,000 (Shares) |
| Minimum Spread | From 0.6 pips (XM Ultra Low) |
| Platforms Supported | MetaTrader 4 (MT4), MetaTrader 5 (MT5), XM Mobile App |
| Tradable Instruments | 50+ Forex Pairs, 1,200+ Stock CFDs & Shares, 14+ Equity Indices, Spot Metals, Energies, Cryptocurrencies, Commodities |
| Customer Support | Multilingual 24/7 (Live Chat, Phone, Email) |
Pros and Cons
| Pros | Cons |
|---|---|
| • Multi-regulated global broker under CySEC, ASIC, DFSA, and FSC • Strict no re-quotes and no order rejections policy with 99.35% execution in under 1 second • Ultra-low minimum entry deposit starting from just $5 • Extensive range of free educational resources, live daily webinars, and market research • Zero fee policy on all deposits and withdrawals • Negative balance protection across all retail account types |
• Services unavailable to residents of the USA, Canada, Israel, and Japan • Spreads on Standard and Micro accounts are relatively high compared to raw spread competitors |
Regulation & Security of Funds
- Regulatory Authorities: Trading Point of Financial Instruments Ltd is regulated by CySEC (License No. 120/10), ASIC (License No. 443708), and FSC Belize (License No. 000261/307).
- Client Protection Features:
- Negative Balance Protection: Automatically resets retail trader account balances to zero if market volatility causes equity to drop below zero.
- Investor Compensation Schemes: Eligible European clients are covered under the Investor Compensation Fund (ICF) up to €20,000.
- Segregated Accounts: Client funds are securely kept in separate bank accounts with top-tier international banking institutions.
Account Types Comparison
| Account Type | Target Trader | Min. Deposit | Max Leverage | Spreads | Commission |
|---|---|---|---|---|---|
| Micro | Beginners & Small Capital | $5 | 1:1000 | As low as 1.0 pips | No |
| Standard | Retail & Everyday Traders | $5 | 1:1000 | As low as 1.0 pips | No |
| XM Ultra Low | Cost-Conscious & Scalpers | $5 | 1:1000 | As low as 0.6 pips | No |
| Shares | Direct Equity Investors | $10,000 | 1:1 (No Leverage) | As per exchange | Yes |
Tradable Markets & Financial Instruments
- Forex: Over 50 currency pairs including major, minor, and exotic pairs with leverage up to 1:1000.
- Stock CFDs & Shares: Over 1,200 company CFDs and direct stock investments covering global blue-chip companies.
- Indices: Major global cash and futures equity indices including S&P 500, NASDAQ, Dow Jones, and DAX 40.
- Commodities & Energies: Spot and futures CFDs on metals, Crude Oil, Natural Gas, and soft commodities.
- Cryptocurrencies: CFD trading on Bitcoin, Ethereum, and Litecoin with zero commission.
Trading Platforms & Technology
- MetaTrader 4 (MT4): Full EA support, technical analysis tools, and multi-asset execution.
- MetaTrader 5 (MT5): Enhanced multi-asset trading with 80+ technical indicators, depth of market, and integrated economic calendars.
- XM Mobile App: Proprietary mobile application for seamless account management and real-time charting.
Deposits, Withdrawals & Fees
- Deposit Options: Credit/Debit Cards, Bank Wire Transfers, Skrill, Neteller, and localized e-wallets. Minimum $5. Zero broker deposit fees.
- Withdrawal Options: Fast withdrawals processed within 24 hours with a Zero Withdrawal Fee Policy.
Special Features & Investment Services
- XM Live Education & Research: Daily trading rooms, technical analysis streams, and webinars in multiple languages.
- Copy Trading Network: Integrated copy trading system allowing investors to mirror strategy providers.
- Promotions & Loyalty Programs: Welcome bonuses, deposit bonuses, and XM Loyalty Programs.
Customer Support & Global Availability
- 24/7 Multilingual Support: Customer assistance in over 30 languages via Live Chat, Email, and Telephone.
Regional Restrictions: Accepts clients worldwide, excluding residents of the United States, Canada, Japan, Israel, and sanctioned countries.
