XM
Established offshore broker with multi-jurisdiction regulation, instant execution, and flexible account types from Micro to Zero. Widely supported across the EA ecosystem.
- Min deposit
- $5
- Max leverage
- 1:1000
- EUR/USD spread
- 1.6 pips
- Commission
- $0 on Standard / $3.5 on Zero
- Withdrawal time
- 1–2 days
- HQ
- Belize City, Belize
Regulation
Licences and oversight
| Regulator | Licence number |
|---|---|
| IFSC Belize | 60/354/TS/19 |
| ASIC Australia | 443670 |
| CySEC Cyprus | 120/10 |
Strengths
What works
- Lowest minimum deposit on the catalogue ($5).
- Negative balance protection across all account types.
- Solid spread profile on Ultra Low and Zero accounts; suitable for both swing and scalp EAs.
- Multi-platform: MT5, MT4 (= safety net for legacy MT4 EAs).
- 17-year track record, multiple regulatory licences in established jurisdictions.
Caveats
What to weigh
- Standard account spread (1.6 pips on EUR/USD) is mid-pack — low-spread strategies should use Ultra Low or Zero.
- Withdrawal processing slower than ECN brokers in this catalogue (1–2 business days vs same-day at TitanFX).
- Inactivity fee ($5/month after 90 days dormant) — relevant for traders pausing strategies.
Account & platform
How accounts and platforms break down
- Account types
-
- Micro
- Standard
- Ultra Low
- Zero
- Shares
- Platforms
-
- MT5
- MT4
- Funding methods
-
- Bank wire
- Visa / Mastercard
- Skrill
- Neteller
- PerfectMoney
- Bitcoin
- Supported assets
-
- Forex (55+ pairs)
- Stock CFDs
- Indices
- Commodities
- Metals
- Energies
Worth noting
Notable features
- Free VPS for accounts >$5,000 active balance (= material saving for EA users).
- 60+ deposit/withdrawal currencies.
- Hedging permitted; martingale and grid strategies permitted.
XM has been one of the most stable offshore brokers for EA users since 2009, and the breadth of its account types lets traders match strategy economics to the right cost structure (= scalpers benefit from the Zero account, while position traders pay nothing in commission on Standard). Multi-jurisdiction regulation is meaningful — the Belize, Cyprus, and Australia licences each have independent capital adequacy and client-fund segregation requirements.
For mt5depot’s catalogued EAs, XM is the safest default for new users: low minimum, negative balance protection, and the operational maturity to handle high-frequency activity without sudden execution policy changes mid-month.
EA compatibility
5 EAs verified on XM
| EA | Strategy | Pair | Typical spread | Min lot | |
|---|---|---|---|---|---|
| Tide Trend Pro | Trend | EUR/USD | 1.0 pips | 0.01 | View → |
| Balanced Portfolio V1 | Trend | EUR/USD | 1.6 pips | 0.01 | View → |
| Anchor Grid Conservative | Grid | AUD/USD | 1.6 pips | 0.01 | View → |
| Breakout Momentum V1 | Breakout | GBP/USD | 1.9 pips | 0.01 | View → |
| News Filter Trend V1 | Trend | USD/JPY | 1.4 pips | 0.01 | View → |
Eligibility
Restricted jurisdictions
XM does not accept clients resident in the following jurisdictions. mt5depot reflects this restriction on its IB referral.
- United States
- Canada
- Iran
- Israel
Risk disclosure
Trading leveraged forex and CFDs carries a high level of risk and may not be suitable for all investors. The high degree of leverage offered by XM can work against you as well as for you. Before deciding to trade through XM you should carefully consider your investment objectives, level of experience, and risk appetite, and seek independent financial advice if necessary.
mt5depot does not give investment advice and does not represent XM. The IB referral on this page generates a commission for mt5depot when you open an account and trade. Spreads, fees, and execution are determined by XM and not by mt5depot.
Glossary