Global Forex Broker Inquiry
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Frequently asked questions

Is XM regulated?
Yes. XM is regulated by CySEC, ASIC, FSC Belize, DFSA. The license number is CIF 120/10. You can verify the license on the relevant regulator's official register.
What is XM's minimum deposit?
The minimum first deposit on XM is $5. Some account types may have higher minimums — check the broker's official site for the latest figures.
Is XM safe to trade with?
XM operates under CySEC, ASIC, FSC Belize, DFSA regulation and has been in operation since 2009. Always verify the current license status on the regulator's public register before depositing, and only deposit funds you can afford to risk on leveraged products.
Does XM accept US clients?
No. XM does not currently accept US-resident clients due to US regulatory requirements (CFTC/NFA).
What is XM's maximum leverage?
Maximum leverage on XM is 30:1 EU / 1000:1 offshore. Retail leverage caps vary by jurisdiction — clients under tier-1 regulators (FCA, ASIC, CySEC) are capped lower than offshore-regulated clients.
Does XM support MetaTrader 4 / MT5?
Yes. XM supports MetaTrader 4 and/or MetaTrader 5 alongside its other platforms.
What platforms does XM offer?
XM offers trading via MT4, MT5. Each platform has its own desktop and mobile versions where applicable.
How long do XM withdrawals take?
XM withdrawal processing time depends on the method: card withdrawals are typically same-day, e-wallets within 24 hours, and bank wires within 1–5 business days. KYC verification must be completed first.
Does XM charge withdrawal fees?
XM typically does not charge for withdrawals to your original deposit method. Some payment processors or banks may apply their own fees outside the broker's control. Check the broker's payment terms for current details.
Can I open a demo account with XM?
Yes. XM offers a free demo account with virtual funds so you can test the platform, practice strategies, and explore available markets before committing real capital.