XM broker review
XM is one of the longest-running offshore retail forex brokers, operating since 2009 from Cyprus within the Trading Point group. Multi-regulated (CySEC, ASIC, FSC Belize, DFSA) with strong brand recognition across Asia and a low $5 minimum deposit. PipGap holds VIP partnership status with XM — partners receive up to 90% commission on every lot traded.
Auto daily · auto-credited by XM
Key facts
Regulators
XM is regulated by:
Licensing applies to the regulators above, not worldwide. Check local rules before you trade.
What we like
- Multi-regulated across 4 jurisdictions (CySEC EU + ASIC AU + FSC BZ + DFSA UAE)
- $5 minimum deposit — accessible to new traders
- Up to 1:1000 leverage (offshore entity)
- Strong brand presence and educational content
- PipGap VIP partnership — 70% cashback on every lot traded
What to watch
- Higher spreads on standard accounts (EUR/USD ~1.6 pips)
- Withdrawal speed slower than crypto-native brokers (1–3 days)
- Not available in some jurisdictions (US, Canada, EEA-retail by default)
How XM cashback works with PipGap
You sign up to XM through PipGap's referral link. XM pays an IB commission on every lot you trade, and 70% of that commission is credited directly into your XM account by the broker — PipGap never touches your money. Broker auto-credits cashback to your XM MyWallet by next day. Transfer to MT4/MT5 instantly or withdraw via card/USDT/bank. Your spread and commission with XM stay the same — cashback is purely additional.
Get 70% cashback on every XM trade
Sign up through PipGap. Cashback activates automatically.
Sign up at XM → Compare with other brokers