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XM Review UAE 2025

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Published
21 March 2025

Published
21 March 2025

Our team of experts diligently compiles and verifies broker information to provide you with the most accurate details.

Štefan Grašič

Written by
Stefan Grasic

Written By
Stefan Grasic

Owner Of Business24-7

Stefan Grasic (Dipl.-Jur) is the owner of Business24-7 and has considerable experience in […] Read More

Fact Checked by
Tomislav

Fact Checked by
Tomislav

Broker Analyst and Researcher

Tomislav Turcin is an IT Engineer with a Masters in Business Administration. He […] Read More

Edited by
Giles Thomas

Edited By
Giles Thomas

CEO of Business24-7

Giles Thomas is the CEO of Business24-7 and has considerable experience in the […] Read More

Why pick XM

XM is a globally recognized forex and CFD broker known for its low-cost trading, reliable execution, and user-friendly experience. It offers access to over 1,000 financial instruments, including forex, stock CFDs, real stock shares,  indices, commodities, and cryptocurrencies, catering to both beginners and experienced traders.

XM

Best ForForex & CFDs

Recommended ForScalpers, High-Frequency Traders, Small Account Traders

Open Account
All trading involves risk ⓘ

More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

Best ForForex & CFDs

Recommended ForScalpers, High-Frequency Traders, Small Account Traders

  • Trader Level Beginner-Advanced
  • Index CFD Fees Low
  • Minimum Deposit $5
  • Account Opening Speed 24 hours

4,1 / 5

Overall score

See Overall Score Breakdown
  • Web trading platform3.9

  • Fees4.1

  • Mobile App4.0

  • Deposit and withdrawal 3.8

  • Available assets2.8

  • Account opening5.0

  • Education and Research 5.0

  • Support4.5

  • Overall rating4.1

Visit Interactive Brokers
All trading involves risk ⓘ

More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

What sets it apart? A low $5 minimum deposit, commission-free standard accounts, and an enhanced MetaTrader 4 and 5 experience with custom tools. XM also stands out with strong educational content, market research, and fast, fee-free withdrawals. However, it lacks a proprietary platform, its product selection is limited, and forex spreads can be higher than some competitors.

Overall Pros & Cons

  • Well-regulated and secure, holding licenses from multiple top-tier regulators
  • Minimum deposit requirement is just $5
  • Traders can use MetaTrader 4 and 5, both with enhanced tools and features
  • Standard and Micro accounts are commission-free
  • Offers strong research and education resources, including webinars and market analysis
  • XM does not offer a proprietary trading platform, relying solely on MT4 and MT5
  • The selection of tradable assets is limited to mostly CFDs
  • Traders who remain inactive for 90 days are charged a $5 monthly fee

See how the best brokers in United Arab Emirates compare to XM

Broker Name
XM
AvaTrade
Pepperstone

Fees

Score:

4.1/5

XM offers competitive fees with commission-free Standard and Micro accounts, while the Zero account features tighter spreads with a commission. Forex spreads start from 0.6 pips, but average around 1.6-1.7 pips on standard accounts. There are no deposit or withdrawal fees (with a small condition), but inactivity fees apply after 90 days. Overall, trading costs are reasonable but not the lowest in the industry.

  • No deposit fees
  • Competitive spreads, with the Zero account offering tight pricing
  • Commission-free trading on Standard and Micro accounts
  • Under $200 withdrawals incurs a $15 fee, Over is free
  • Forex spreads on Standard and Micro accounts are higher than some competitors
  • A $5 monthly inactivity fee applies after 90 days of no trading
  • The Zero account requires a higher minimum deposit of $100

We compared XM fees with two comparable brokers, AvaTrade & Pepperstone. These competitors were chosen based on factors like available assets, target client base, and fee structures.

Very competitive FX fees

XM offers different pricing structures depending on the account type. The XM Zero account provides tighter spreads with a $3.50 commission per lot per trade, while Standard and Micro accounts have no commission but wider spreads. The EUR/USD spread on the XM Zero account starts as low as 0.1 pips.

Broker Name
XM
AvaTrade
Pepperstone

XM applies fees through both spreads and commissions, depending on the account type:

Overall, CFD fees are low

XM includes its index CFD trading costs within the spread. The S&P 500 index CFD spread is 0.4, making it competitive against some brokers. Stock CFDs carry a commission of $0.02 per share with a minimum fee of $1.00.

Broker Name
ActivTrades
AvaTrade
Pepperstone

Low Crypto CFD spreads

XM provides crypto CFDs, with BTC/USD spreads averaging 35-40 USD, making it competitive against some brokers. However, crypto spreads vary significantly, so checking live rates before trading is recommended.

Broker Name
XM
AvaTrade
Pepperstone

XM provides crypto CFD trading with relatively low spreads, but it does not support actual cryptocurrency ownership.

Low non trading fees

XM has no deposit or withdrawal fees (with a small condition) for most payment methods. However, inactivity fees apply after 90 days of no trading.

Broker Name
XM
AvaTrade
Pepperstone

XM offers free withdrawals, but traders should note that small withdrawals under $200 incur a $15 fee. The inactivity fee of $5 per month after 90 days is something to keep in mind as well.

XM safety: Regulation and investor protection for UAE traders

Score:

4.5/5

XM is a trusted forex and CFD broker, overseen by top-tier regulators like ASIC (Australia) and CySEC (Cyprus). UAE traders fall under DFSA regulation via Trading Point MENA Limited, ensuring compliance with local financial laws.

However, DFSA-regulated clients do not receive investor protection, unlike EU traders who are covered up to €20,000 under CySEC. XM does provide negative balance protection for all clients, reducing potential risks.

While not publicly listed and lacking financial disclosures, XM has a strong track record since 2009, making it a trusted choice in the region.

  • Regulated by top-tier authorities like ASIC and CySEC
  • DFSA-regulated entity for UAE traders
  • Negative balance protection available
  • Strong track record since 2009
  • No investor protection under DFSA regulation
  • Not publicly listed, lacks financial disclosures
  • Does not hold a banking license

Who is XM regulated by?

XM is a globally regulated broker, overseen by multiple financial authorities across different regions. Its parent company, Trading Point Holdings, operates through several legal entities, ensuring compliance with international financial standards.

Top-tier regulators:

  1. Cyprus Securities and Exchange Commission (CySEC) – Cyprus (EU)
  1. Australian Securities and Investments Commission (ASIC) – Australia

Other key regulators:

3. Financial Services Commission (FSC) – Belize

4. Dubai Financial Services Authority (DFSA) – UAE

XM operates under four key regulators: CySEC (EU), ASIC (Australia), FSC (Belize), and DFSA (UAE). These regulators enforce compliance standards, ensuring XM provides a secure trading environment. However, investor protection levels vary depending on the jurisdiction, with EU clients benefiting from compensation schemes, while traders in Belize and the UAE fall under different regulatory frameworks with fewer protections.

Is XM a safe broker to use?

Yes, XM is a safe broker, regulated by ASIC, CySEC, and DFSA since 2009. It ensures compliance with strict financial standards and offers negative balance protection. However, it is not publicly listed and does not disclose financial statements, limiting transparency.

Is there investor protection for XM?

Investor protection at XM depends on the regulatory entity under which a client is registered. EU clients under CySEC regulation receive protection up to €20,000 through the Investor Compensation Fund (ICF). However, clients under ASIC, FSC, or DFSA regulation do not receive investor protection. UAE traders under DFSA regulation will not have compensation coverage in case of broker insolvency, making it essential to consider XM’s overall safety measures, including segregated client funds.

Broker Name
Country of registered entity: EEA (European Economic Area) countries
Country of registered entity: Australia
Country of registered entity: Middle East, including UAE
Country of registered entity: Rest of the world

XM background

Founding: Established in 2009 by Trading Point Holdings Ltd., headquartered in Limassol, Cyprus.

Mission: Committed to providing low-cost trading, fast execution, and comprehensive education for traders worldwide.

Global Presence: Serves over 10 million clients across 190+ countries, making it one of the largest forex and CFD brokers.

Regulation: Operates under multiple regulatory bodies, including CySEC (EU), ASIC (Australia), DFSA (UAE), and FSC (Belize).

Trading Services: Specializes in forex and CFD trading, offering 1,000+ instruments across currencies, indices, commodities, stocks, and cryptocurrencies.

Technology: Provides MetaTrader 4 & MetaTrader 5, enhanced with custom indicators and trading tools.

Education & Research: Known for its in-depth webinars, trading guides, and market research, catering to all experience levels.

Awards: Recognized for best execution speeds, customer service, and trading conditions, with multiple industry awards.

Recent Developments: Expanded its Islamic (swap-free) account offerings and introduced new stock CFDs for diversified trading.

XM deposit and withdrawal

Score:

3.8/5

XM offers fast, fee-free deposits and low-cost withdrawals, except for bank transfers under $200, which incur a $15 fee. Supported payment methods include bank transfers, credit/debit cards, and e-wallets like Skrill and Neteller. With 10 base currencies, traders can minimize conversion fees. Withdrawals are processed quickly, but profits must be withdrawn via bank transfer.

  • Fast and free deposits with multiple payment methods
  • No withdrawal fees, except for bank transfers below $200
  • Quick processing times, with card and e-wallet withdrawals typically completed within 2 business day
  • Bank transfers under $200 incur a $15 withdrawal fee
  • Profits can only be withdrawn via bank transfer, as card and e-wallet withdrawals are limited to deposited amounts
  • No AED base currency

Account base currencies

XM offers 10 base currencies for trading accounts, AED (UAE Dirham) is not available as a base currency, so UAE traders may need to consider conversion fees when depositing or withdrawing funds.

Broker Name
XM
AvaTrade
Pepperstone

Fees and options for deposits

XM does not charge deposit fees. Deposits can be made via bank transfer, credit/debit cards, and e-wallets like Skrill and Neteller (availability depends on the regulatory entity). Bank transfers may take a few days, while card and e-wallet deposits are processed instantly.

Broker Name
XM
AvaTrade
Pepperstone

Electronic wallet availability

Broker Name
XM

Deposit currency conversion fees

XM does not charge internal deposit fees, but currency conversion fees apply if your deposit currency differs from your account’s base currency. USD deposits typically have no conversion fees, while EUR, GBP, and AUD may incur around 50 pips (~0.40-0.77%).

For card and e-wallet deposits, conversion fees vary: EUR (~1.4%), GBP (~0.4%), and AUD (~1.56%). AED deposits have the highest conversion cost, reaching up to 820 pips (~3%). Always check with your payment provider or XM support for the latest rates.

Fees and options for withdrawal

XM offers multiple withdrawal options. Most withdrawals are processed within 24 hours, but bank transfers can take 2-5 business days. XM does not charge withdrawal fees, except for bank transfers below $200, which incurs a $15 fee. Withdrawals must be made using the same method as the deposit, up to the deposited amount, while profits are typically withdrawn via bank transfer.

Broker Name
ActivTrades
AvaTrade
Pepperstone

XM account opening

Score:

5/5

XM offers a straightforward and fully digital account opening process, allowing traders to get started quickly. With a low minimum deposit of just $5, it provides accessibility for beginners while offering advanced account types for experienced traders. Traders can choose from Standard, Micro, and Zero accounts, each with different pricing structures. The process typically takes one business day for verification, and multiple base currencies are available. UAE traders can also access Islamic (swap-free) accounts, ensuring compliance with Sharia law.

  • Low minimum deposit of $5, making accounts accessible to all traders
  • Multiple account types, including Standard, Micro, Zero, and Islamic (swap-free) accounts
  • Wide selection of base currencies, reducing conversion fees
  • Fast and fully digital account opening process
  • No corporate account option
  • Verification may take up to one business day in some cases

Account opening information

Broker Name
XM

What is the minimum deposit at XM?

Account types

How to open an account?

  1. Go to the XM website or mobile app – Click “Open an Account.”
  2. Fill out personal details – Provide name, email, country, and preferred trading platform (MT4 or MT5).
  3. Choose your account type – Select from Standard, Micro, Zero, or other available options.
  4. Set account preferences – Pick base currency, leverage, and additional features like swap-free (Islamic) accounts.
  5. Complete the trading experience survey – Required by regulators to assess suitability.
  6. Verify your identity – Upload a government-issued ID and proof of address.
  7. Fund your account – Deposit at least the minimum required amount via bank transfer, card, or e-wallet.
  8. Start trading – Once approved, you can access the platform and begin trading.

Note: You can open a new XM trading account via mobile app. The process is fully digital and follows the same steps as the desktop version, allowing you to register, verify your identity, and fund your account directly from your smartphone.

How to withdraw funds from XM?

  1. Log in to your XM account – Access the XM Members Area via the website or mobile app.
  2. Go to ‘Withdraw Funds’ – Locate this option in the account dashboard.
  3. Select your withdrawal method – Choose from bank transfer, credit/debit card, or e-wallet (if applicable).
  4. Enter the withdrawal amount – Make sure it does not exceed the available balance.
  5. Confirm and submit the request – XM may ask for additional verification depending on the method.
  6. Wait for processing – Card/e-wallet withdrawals typically take 2 business days, while bank transfers may take longer.
  7. Check your account – Once processed, the funds should appear in your selected withdrawal method.

Important Notes:

XM mobile app

Score:

4/5

XM’s Trading Point app, available on iOS and Android, provides access to over 1,000 instruments, including forex, stocks, indices, commodities, and crypto. It offers real-time market access, charting tools, a demo account, and instant deposits/withdrawals. Traders can also use MT4 and MT5 mobile apps, which add features like price alerts missing in the proprietary app.

Note: We tested XM’s Trading Point app with a live account for this review.

  • Intuitive user interface with clean design
  • Supports Market, Limit, Stop orders
  • Advanced charting with indicators and timeframes
  • Available in multiple languages, including Arabic
  • Dedicated proprietary app
  • No biometric login
  • Limited security options
  • No built-in price alerts in Trading Point app

Mobile app information

Broker Name
Pepperstone

Languages

Arabic, Chinese (Simplified), Chinese (Traditional), Czech, English, French, German, Greek, Hindi, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Portuguese (Brazil), Russian, Spanish, Thai, Turkish, Ukrainian, Vietnamese.

Look and Feel / User Interface

Modern and intuitive design offers easy access to account settings, order history, and live markets. Advanced charting includes multiple chart types and indicators, tested on an iPhone 14. One-click trading executes orders fast, and customizable watchlists track preferred instruments.

Security & Login

Login uses username/password with two-step authentication via SMS or email, tested during setup. No biometric login (fingerprint or Face ID) is available, contrary to initial assumptions.

Search

Quick search finds instruments by keyword (e.g., “EURUSD”), with categorized asset classes like forex and stocks, tested with instant results.

Placing Orders

One-click trading offers instant execution, tested with a GBP/USD trade in under 1 second. Market, Limit, and Stop orders are available, with options to edit or cancel pending trades.

Products

Alerts and Notifications

No built-in price alerts in Trading Point app; MT4/MT5 apps cover this gap. Trade confirmations arrive instantly after execution.

XM web trading platform

Score:

3.9/5

XM’s web trading platform provides seamless access to over 1,000 financial instruments, including forex, stocks, indices, commodities, and cryptocurrencies. It offers XM WebTrader alongside MT4 and MT5 web versions, with advanced charting and analysis tools. Security includes 2FA, but the proprietary platform lacks price alerts.

Note: We tested XM’s WebTrader with a live account for this review.

  • No downloads required
  • Intuitive interface with clean layout
  • Multi-device sync with mobile and desktop
  • Supports MT4 and MT5 features
  • Customizable charts with indicators
  • No built-in price alerts in WebTrader
  • Limited advanced order types

Web/desktop platform information

Broker Name
Pepperstone

Languages

Arabic, Chinese (Simplified & Traditional), English, French, German, Greek, Hindi, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, Thai, Turkish, Ukrainian, Vietnamese.

Look and Feel / User Interface

Simple, clean interface with easy navigation works on all major browsers, tested on Chrome 120. Multiple charting tools include indicators and timeframes, with one-click trading executing fast.

Security & Login

Login requires username/password with 2FA via SMS or email, tested for secure access. No biometric login is supported on web.

Search

Quick search bar finds forex pairs, stocks, and more, with organized categories and saved watchlists, tested with “XAUUSD” loading instantly.

Placing Orders

Market, Limit, and Stop orders execute with one-click trading, tested at under 1 second. Basic risk management includes stop-loss and take-profit; MT4/MT5 add trailing stops.

Products

Alerts and Notifications

WebTrader lacks price alerts; MT4/MT5 web versions support them. Basic trade confirmations display executed trades.

Portfolio and Fee Report

XM available assets

Score:

2.8/5

XM offers a solid range of forex pairs and CFDs for leveraged trading. Its forex selection stands out, but the CFD variety lags behind some competitors. Real stocks are available only under the FSC-regulated entity via a Shares Account, while ETFs, bonds, and options are absent, limiting diversification. Leverage is fixed by regulation, not manually adjustable, which may complicate risk management. XM’s Copy Trading feature lets traders follow or share strategies within the platform.

Assets & Products

Forex

Stock Index CFDs

Stock CFDs

Commodity CFDs

Cryptocurrency CFDs

Social & Copy Trading

Education and Research

Score:

4.6/5

XM provides a well-rounded education and research package, offering in-house market analysis, trading tools, and educational content to help traders enhance their skills and make informed trading decisions. While its research tools are separate from the trading platform, limiting convenience compared to brokers with built-in research features, XM compensates with a strong selection of video content, daily market updates, and trading signals.

Research and market analysis

XM delivers daily market insights through multiple formats, catering to traders seeking technical and fundamental analysis:

Educational resources

XM offers comprehensive learning materials for traders of all experience levels, with a strong focus on video-based education and live training.

Support

Score:

4.6/5

XM provides 24/5 customer support, offering multiple contact channels for traders who need assistance. While response times are generally fast, some complex trading-related queries may require escalation.

Support options available

XM’s support team can be reached through the following methods:

Response times and quality of service

Live chat-bot

Email support

UAE specific features

Author comment

“What stood out to me about XM is its accessibility and trader-friendly features. With a low $5 minimum deposit, a variety of account types, and commission-free standard trading, it’s a solid option for beginners and experienced traders alike. The integration with MetaTrader 4 and 5, along with XM’s custom tools and research offerings, enhances the overall trading experience. While it lacks a proprietary platform and has limited real stock trading options, the fast execution speeds, strong educational resources, and flexible trading conditions make XM a well-rounded choice for forex and CFD traders.”

FAQ

What is XM?

XM is a forex and CFD broker founded in 2009, offering over 1,000 instruments like forex, stocks, indices, commodities, and cryptocurrencies. It’s known for a $5 minimum deposit, competitive conditions, and MetaTrader 4/5 integration, with account types and resources for all traders.

Is XM available in the UAE?

Yes, XM operates in the UAE under the DFSA via Trading Point MENA Limited, offering forex, commodities, indices, and stock CFDs with leverage up to 1:30. Islamic swap-free accounts are available.

What account types does XM offer?

Is XM regulated?

Yes, by DFSA (UAE), ASIC (Australia), CySEC (EU), and FSC (Belize).

What platforms does XM support?

What are the deposit and withdrawal options?

What are XM’s trading fees?

Does XM offer negative balance protection?

Yes, for all traders, capping losses at deposited funds.

Does XM provide investor protection?

What leverage does XM offer?

Does XM offer social trading?

Yes, Copy Trading lets traders follow strategies under FSC and other entities where available.

What is the minimum deposit at XM?

How long does it take to withdraw funds?

Does XM have a demo account?

Yes, with $100,000 virtual funds.

Can you trade crypto on XM?

Yes, 31 crypto CFDs (Bitcoin, Ethereum, Litecoin, etc.) under XM Global, not EU/UK/UAE-regulated entities.

Does XM support Islamic accounts?

Yes, swap-free accounts comply with Sharia law.

Is XM safe?

Yes, with segregated funds, negative balance protection, and regulation by DFSA, ASIC, CySEC, and FSC.

What is the downside of XM?

Can UAE traders access local bank transfers?

Yes, via local UAE banks, avoiding international fees.

How do I open an account with XM?

Sign up online, pick an account, upload ID and address proof, choose a base currency, deposit, and trade after verification (10-15 minutes).


 Everything you find on Business24-7 is based on trustworthy data and impartial analysis. We combine over 11 years of financial expertise with valuable reader feedback to provide accurate insights. Learn more about our methodology.

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