XM Global is a sensible first offshore account: a $5 minimum deposit, leverage up to 1,000:1 that XM says stays the same during news, and negative balance protection, hedging and an Islamic (swap-free) option on every account. It also offers a 100% deposit bonus as extra margin. It is licensed in Belize, which gives far less protection than an EU, UK or Australian licence.
- Costs3.6
- Trading conditions4.4
- Safety3.3
- Bonuses4.5
- Platforms and tools4.8
Overall rating set by our editors (the part scores are calculated)
Best for Small accounts and bonuses
Pros
- High maximum leverage (1,000:1)
- Negative balance protection
- Low minimum deposit ($5)
- Deposit bonus available
Cons
- Offshore licence: limited investor protection
- Max leverage
- 1,000:1
- Min deposit
- $5
- Bonus
- 100% deposit bonus
- Negative balance protection
- Yes
- Stop-out level
- 20%
- Platforms
- MT4 / MT5 / XM App
Facts checked 4 November 2026How we score
Compare XM side by side with other brokers
XM bonuses and promotions
| No-deposit bonus | None listed publicly |
|---|---|
| Deposit bonus | 100% deposit bonus |
| Rebates and loyalty | XM loyalty programme: 7–16 XM Points per lot by status, redeemable for trading credit |
| Other promotions | None |
Bonuses as published on each broker's official pages. Terms change by country and over time, so check the broker's site before you sign up. N/A means no published information was found. checked 2026-11-03.
XM key facts
| Max leverage | 1,000:1 |
|---|---|
| Min deposit | $5 |
| Bonus | 100% deposit bonus |
| Account types | 3 types |
| Platforms | MT4 / MT5 / XM App |
| Licence | FSC Belize |
| Bonus offered | ✓ |
| No-deposit bonus | None listed publicly |
| Deposit bonus | 100% deposit bonus |
| Negative balance protection | ✓ |
| Stop-out level | 20% |
| USD/JPY spread | 1.5 pips |
| EUR/USD spread | 1.6 pips |
| EUR/USD spread (low-spread account, no commission) | 0.6 pips |
| Gold spread | 35 pips |
| USD/JPY spread (raw account) | No such account |
| EUR/USD spread (raw account) | No such account |
| Commission (per lot, round turn) | No such account |
| Withdrawal time | Processed instantly or same day |
| Deposit & withdrawal methods | Bank wire, credit/debit cards, Skrill, Neteller |
| ECN account | ✗ |
| Cent account | ✗ |
| Scalping allowed | ✓ |
| EAs allowed | ✓ |
| Copy trading | ✓ |
| Swap-free | ✓ |
| Crypto CFDs | ✓ |
| Stock CFDs | ✓ |
| Local-language support | ✓ |
| Rebates and loyalty | XM loyalty programme: 7–16 XM Points per lot by status, re… |
Verdict: an easy first account, with an offshore licence
XM Global’s appeal is simple. You can start with $5, every account has negative balance protection, and XM says your leverage stays at up to 1,000:1 even when major news hits. By XM’s own comparison, other brokers often cut it to around 200:1 at those moments.
The trade-off is regulation. The company that serves international clients, XM Global Limited, is licensed in Belize. That licence is real, but it gives you much less protection than a broker regulated in the EU, UK or Australia. Only deposit what you can afford to lose with a broker in that position.
Good for
- First-time offshore traders starting small
- Traders who want a deposit bonus as extra margin
- Anyone who wants copy trading, crypto and stock products in one account
Not for
- Traders who need a top-tier regulator and a compensation scheme
- Residents of the US, Canada, Israel or Iran
Account types
XM Global’s account page lists three accounts.
| Account | Minimum deposit | Who it’s for |
|---|---|---|
| Standard | $5 | Most traders; the account that gets bonuses |
| Ultra Low | $5 | High-volume traders who want lower spreads, swaps and commissions |
| Shares | $10,000 | Buying actual company shares |
Every account includes negative balance protection, hedging and an Islamic (swap-free) option. If you deposit in a currency other than USD, the minimum is the equivalent amount in that currency.
Leverage
XM offers leverage up to 1,000:1 and says it keeps that level during volatile events such as the US jobs report, rather than lowering it. You can change your leverage yourself at any time. High leverage cuts both ways: at 1000:1, a 0.1% move against you wipes out your margin on a fully leveraged position. Work out your margin with our margin calculator before you size a trade, and see high-leverage brokers for alternatives.
Bonus
XM Global offers a deposit bonus that acts as extra margin. The terms on its public page are:
- Availability and percentage vary by region
- The bonus itself cannot be withdrawn
- It is meant to keep positions open longer, not as cash
Because the percentage depends on where you live, we don’t quote a figure. Compare current offers on our bonus comparison.
Company and licence
International clients deal with XM Global Limited, licensed by the FSC Belize (licence 8557558). That’s an offshore licence: the company is registered and supervised in Belize, but there’s no investor compensation scheme of the kind attached to some onshore regulators’ licences. XM Global states negative balance protection on its accounts, so losses can’t exceed your balance. See is XM safe?
Funding and withdrawals
XM Global’s help centre says withdrawals are processed instantly or on the same day, while bank wires and cards usually take 2 to 5 business days to arrive. The minimum deposit is $5. Details: XM deposits and XM withdrawals.
Products and platforms
MT4, MT5 and the XM app are available. XM also runs XM Copy Trading, trading competitions, a Traders Club and a refer-a-friend scheme, and lists crypto and stock products. Copy trading and competitions come with their own terms, so read those before you join either.
How XM compares
| Broker | Min deposit | Visit broker | ||||||
|---|---|---|---|---|---|---|---|---|
| XMFeatured | 4.9/5Editorial rating | 1,000:1 | $5 | ✓ | ✓ | ✓ | ✓ | Visit |
 Titan FX | 3.7/5 | 2,000:1 | No minimum | ✓ | ✗ | ✓ | ✗ | Visit |
 FXGT | 4.1/5 | 5,000:1 | $0 | ✓ | ✓ | ✓ | ✓ | Visit |
 XS.com | 4.1/5 | 2,000:1 | No minimum | ✓ | ✓ | ✓ | ✗ | Visit |
 BigBoss | 3.2/5 | 2,222:1 | No minimum deposit | ✓ | ✓ | ✗ | ✓ | Visit |
If you want an ECN account and permission to scalp and run EAs, look at Titan FX. For leverage above 1000:1, FXGT and XS.com go higher. Side by side: XM vs Titan FX, XM vs FXGT.
Licence register details
| Legal entity | Regulator | Licence no. |
|---|---|---|
| XM Global Limited serves readers of this edition | FSC (Belize) | 8557558 |
| Fintrade Limited | FSC (Mauritius) | GB20025835 |
| Tradexfin Limited | FSA (Seychelles) | SD010 |
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Frequently asked questions
Is XM legit?
XM Global Limited is licensed by the Financial Services Commission of Belize (licence 8557558). That is a real licence, but an offshore one: supervision and compensation are much weaker than with EU, UK or Australian regulators.
Are XM and XMTrading the same company?
They are brands of the same group, run by different companies. XMTrading serves Japan through companies licensed in Seychelles and Mauritius. XM Global serves most other offshore clients from Belize. Conditions differ between them.
Can I lose more than I deposit with XM?
XM Global says all accounts come with negative balance protection, so your balance is reset to zero rather than going negative.
Can I withdraw the XM deposit bonus?
No. XM says its bonuses are not withdrawable. Profits made while trading with the bonus are yours to withdraw.
Which countries can't open an account?
XM Global states it does not serve citizens of the United States, Canada, Israel and Iran, or other sanctioned countries.