XM is the retail brand of Trading Point Group, trading since 2009 and licensed in Cyprus since 2010. It is built around MetaTrader 4 and 5, opens accounts from $5, and puts unusual weight on research and education — daily market video, webinars in a long list of languages, and a Trading Central feed. The trade-off is price: default Standard-account spreads are wide by 2026 standards, and the tighter Zero tier is restricted to the European entity. Most clients outside the EEA are onboarded to the Belize company, where leverage is far higher and statutory investor protection is absent.
Which entity you are onboarded to decides your regulator, protections and available leverage.
Spreads are only comparable when sampled on the same day at the same account tier.
Source: CySEC public register — Trading Point Of Financial Instruments Ltd (120/10) · last checked Aug 31, 2026 · confidence Medium
no sample date on file
Source: CySEC public register — Trading Point Of Financial Instruments Ltd (120/10) · last checked Aug 31, 2026 · confidence Medium
Source: CySEC public register — Trading Point Of Financial Instruments Ltd (120/10) · last checked Aug 31, 2026 · confidence Medium
Source: CySEC public register — Trading Point Of Financial Instruments Ltd (120/10) · last checked Aug 31, 2026 · confidence Medium
Varies by entity and client jurisdiction.
Source: CySEC public register — Trading Point Of Financial Instruments Ltd (120/10) · last checked Aug 31, 2026 · confidence Medium
Source: CySEC public register — Trading Point Of Financial Instruments Ltd (120/10) · last checked Aug 31, 2026 · confidence Medium
Source: CySEC public register — Trading Point Of Financial Instruments Ltd (120/10) · last checked Aug 31, 2026 · confidence Medium
Source: CySEC public register — Trading Point Of Financial Instruments Ltd (120/10) · last checked Aug 31, 2026 · confidence Medium
Source: CySEC public register — Trading Point Of Financial Instruments Ltd (120/10) · last checked Aug 31, 2026 · confidence Medium
Expired offers stay listed so the history is not quietly rewritten — their codes are disabled.
Each dimension is scored 0–100 with a written rationale and its own weight. No single unexplained star.
The Cypriot entity checks out on the CySEC register (120/10, live since August 2010) and the group adds ASIC, DFSA and FSCA arms. What pulls the number down is where most non-European clients actually land: the Belize company, whose supervision is far lighter than the licence list implies. Which entity you sign with is decided by residence and is not obvious until late in onboarding.
Commission on the Zero tier is stated plainly at about $7 per lot round turn. The problem is the spread marketing: headline "from 0.6 pips" sits a long way from the 2.0 pip average an independent test recorded on a Standard account in late 2025. A "from" figure that far off the typical fill is the weakest part of the disclosure.
Deposit and withdrawal channels are documented per region, the broker absorbs wire charges above a stated threshold, and payouts are pushed back to the funding method. Long-running complaint volume about withdrawal delays is modest relative to the client base, though verification hold-ups do recur in user reports.
Full MetaTrader 4 and 5 coverage plus a TradingView bridge, and the operator publishes execution-quality claims (no requotes, no order rejections) rather than staying silent. No proprietary terminal, so anything beyond MetaTrader — advanced order types, integrated journalling — has to come from third-party tooling.
A restricted-country list is published and the big exclusions (United States, Canada, Israel, Iran) are unambiguous. Marks come off because the mapping from country of residence to signing entity — the thing that decides your leverage cap and whether any compensation scheme covers you — is buried in the legal pages rather than surfaced at signup.
Deposit-bonus and loyalty terms are written in plain language, but the usual constraints apply: bonus credit is not withdrawable, it scales down as you withdraw, and the promotional leverage is not available on every entity. Nothing hidden, though the conditions do more work than the headline offer suggests.
Trading under the same brand and the same Cypriot licence since 2010, with no material enforcement action against the regulated entities in that period. Fifteen years of continuous operation through several regulatory regime changes is the strongest single item in this record.
Feedback volume is high and broadly positive on execution and support responsiveness. Discounted somewhat because a brand this size attracts both incentivised positive reviews and clone-site complaints that are not actually about this operator, which makes raw aggregate ratings unreliable.
Member reviews are kept separate from our editorial assessment and from the provider score — they are moderated, not curated for tone.
No approved member reviews yet. An empty review list is not a negative signal — it means nobody has published one here.
If a field is missing here, treat it as unverified rather than as a negative.
Editor note: Cypriot licence verified directly against the CySEC register. Trading conditions come from secondary summaries because xm.com returns 403 to automated capture — they need a manual screenshot into Sources before this record moves to "verified". Two open conflicts: the Belize licence number is cited as both 000261/158 and 000261/397, and sources disagree on whether the ASIC entity is still current. Both are recorded as claimed rather than verified.