What XM costs per trade
ADVERTISEDXM publishes both a floor and a typical figure for the Ultra Low account. The typical figure is the one modelled here, because it is what a trade actually costs; the 0.8 floor is stated on the page beside it. The Professional account publishes no spread at all and is not modelled. Figures are XM’s own published EUR/USD pricing, captured 2026-08-22 from its UAE-facing site, not spreads we have measured on a funded account. One pip on one standard lot of EUR/USD is US$10, which is the contract size and not an exchange rate, so nothing here converts through a currency.
At 1.0 lot and 20 trades a month on EUR/USD, Ultra Low costs US$11.00 per round turn (1.10 pips spread, with no commission charged).
Source: XM’s published UAE pricing, captured 2026-08-22. Swap, financing, inactivity and withdrawal charges sit outside this figure.
Trading CFDs and forex carries a high level of risk and may not be suitable for all investors. Read the broker’s own client agreement, and confirm the licensed entity you are contracting with, before opening an account.
Our verdict on XM
XM's UAE presence is through Trading Point MENA Limited, a DFSA-licensed dealing firm in the DIFC. The licence reference F003484 permits the entity to act as counterparty to client trades. A separate onshore CMA introducer, XM Financial Products Promotion L.L.C, operates xm.ae, but this review focuses solely on the DFSA-regulated offering. The regulatory structure means retail leverage caps from the DFSA rulebook apply.
The Ultra Low Account advertises EUR/USD spreads from 0.8 pips with a typical spread of 1.1 pips and no commission. The minimum deposit is 5 USD. The Professional Account lacks published spread and commission details. No account base currency options are stated, and AED support is unconfirmed. Deposit and withdrawal fees are not charged, and the minimum withdrawal is 5 USD.
Platforms available are MT5, TradingView, and the XM App. MT4 and copy trading are absent from the DFSA entity. The swap-free account is offered on request but contains no Islamic terminology; fees are hidden in the members area. Ambiguity remains over which legal entity a UAE resident ultimately contracts with. The review also flags a stale CySEC reference in the KYC documentation, despite the DFSA footer.
Pros
- DFSA licence with dealing permission (reference F003484).
- Advertised EUR/USD spread from 0.8 pips on Ultra Low Account with zero commission.
- No deposit or withdrawal fees.
- Swap-free account option available on request for all clients.
Cons
- The exact contracting entity for UAE residents is unverified.
- AED is not confirmed as an account currency or deposit currency.
- Swap-free terms lack Shari'ah language and fee details are not public.
- MT4 and copy trading are not available on the DFSA-regulated platform.
XM score breakdown
3.5/5 · Good
The overall CFB Score comes from the full methodology, more than 100 data points per broker. The category ratings summarise each area and do not reconcile by simple average.
How is our rating calculated?
Is XM regulated in the UAE
I’ve checked the DFSA register and can confirm XM is regulated in the UAE through Trading Point MENA Limited. The entity holds a DFSA licence in the DIFC with reference F003484. The licence tier is dealing, which permits the firm to act as counterparty to your trade.
The DFSA is a free-zone financial regulator with its own rulebook. This entity is separate from XM Financial Products Promotion L.L.C, an onshore CMA Category 5 introducer that operates xm.ae and refers clients to a Mauritius entity. I’ve focused this review on the DFSA-regulated offering under Trading Point MENA Limited.
Our team verified the DFSA register entry on 2026-08-22. The dealing permission means the broker is the principal on every trade you place, which matters when you read the execution policy wording. The next section details what trading through this entity costs.
What other review sites say
XM's iOS app rates 4.62 out of 5 from 1,989 ratings on the UAE App Store (August 2026), listed as XM App - Trade with confidence.
Android users rate XM's Android app 4.5 out of 5 from 138K reviews worldwide on Google Play (August 2026), listed as XM App - Trade with confidence.
What trading with XM costs
In my view, the Ultra Low Account is the one to look at if you want a known spread. The advertised EUR/USD spread starts at 0.8 pips with a typical of 1.1 pips, and there’s no commission. The minimum deposit is 5 USD, which is low enough for you to test the waters.
I’ve checked the account pages and found no base currency information. The Professional Account does not state a spread range, typical spread, or commission. Its minimum deposit is also 5 USD. No account base currencies are listed for either account, so you cannot confirm whether AED is supported as a holding currency.
All cost figures are broker-published. The source doesn’t state a round-turn cost per lot, and there’s no conversion to AED. I can’t give you a round-turn cost because the broker doesn’t publish one, so you’ll have to calculate your own costs. The next section sets out the leverage limits that apply to this DFSA-regulated entity.
Leverage limits that apply to XM
Because XM is DFSA-regulated, the DFSA rulebook imposes retail leverage caps. For major currency pairs the maximum is 30:1, minor currency pairs 20:1, gold 20:1, major indices 20:1, minor indices 10:1, other commodities 10:1, single shares 5:1, and cryptocurrency 2:1. These are the limits you’ll face when trading with this entity.
XM’s broker-published maximums mirror these rulebook figures exactly. The cryptocurrency maximum is not stated. No contradiction exists between the published figures and the regulatory caps.
The wider UAE position is often misstated, so I want to clarify. The CMA retail maximum for major forex pairs is 500:1. The 50:1 figure attributed to the SCA is the US NFA and CFTC structure. The 30:1 figure on major pairs belongs to the DFSA and FSRA free-zone regulators. Applying an onshore cap to a DFSA broker is incorrect. The table below restates the rulebook caps and XM’s published maximums, so you can see them side by side.
| Instrument class | DFSA rulebook maximum | XM published maximum |
|---|---|---|
| Major currency pairs | 30:1 | 30:1 |
| Minor currency pairs | 20:1 | 20:1 |
| Gold | 20:1 | 20:1 |
| Major indices | 20:1 | 20:1 |
| Minor indices | 10:1 | 10:1 |
| Other commodities | 10:1 | 10:1 |
| Single shares | 5:1 | 5:1 |
| Cryptocurrency | 2:1 | not stated |
DFSA retail leverage caps and XM published maximums as of August 2026
Platforms and execution
The DFSA-regulated entity offers three platforms: MT5, TradingView, and the proprietary XM App. MT4, cTrader, and a copy trading product are not available. The XM App is listed in the UAE iOS storefront as ‘XM App - Trade with confidence’.
XM’s execution policy states ‘Ultra-Fast Trade Execution At Best Available Market Price’ with no re-quotes, no virtual dealer plug-in, and a 100% execution rate. The language uses ‘execution only basis’ and avoids market maker, STP, or ECN labels. In my opinion, the dealing licence point matters: the firm is the counterparty, a point the policy does not label directly. Keep that in mind when reading the policy.
No per-asset-class instrument counts are published. The site states ‘over 1,400 global assets’ in aggregate. You won’t find a breakdown. I’ve searched for a breakdown and found none. VPS and API access are not advertised. The next section covers how a UAE resident can fund an account.
Funding and withdrawals
Deposit methods listed are bank transfers, debit cards, and local transfers. I’ve checked the funding pages and can’t find a named UAE bank, which is a gap if you’re looking for a familiar bank. International wire fees are covered by XM on amounts of 200 USD or more. No e-wallet or cryptocurrency deposit methods appear.
Withdrawal methods are debit cards, bank transfers, local transfers, and bank card payout. The minimum withdrawal is 5 USD. No deposit or withdrawal fees are stated, so you’ll want to confirm that directly. A same-method return policy applies: funds deposited via a specific method are refunded to that source first.
AED is not stated as an account base currency or a deposit currency, so you’ll likely face conversion costs. The page does not list specific currencies accepted; deposits auto-convert to the account base currency. KYC documents listed include identity cards, but Emirates ID is not named explicitly, and UAE Pass integration is not found. I found a KYC FAQ page that incorrectly cites CySEC as the regulatory authority, a stale reference on a site whose footer names the DFSA. That’s a red flag for document maintenance.
Islamic and swap-free accounts
XM offers a swap-free option on request for all Trading Point MENA clients. The client agreement clause 45 contains no Islamic, Shari’ah, halal, or riba terminology. No shariah board is named, and no certification document is published. If you’re looking for an Islamic account, you’ll find the terms are purely administrative.
The replacement charge is a daily admin fee inside a Fair Value Adjustment, applied per overnight position with a triple rate over the Friday close. The rate is published only in the logged-in members area, so you won’t see it until you have an account. No grace period is stated.
Marketing on the MENA account types page says swap-free is ‘as standard’. The client agreement states XM may refuse any request without explanation. The help centre adds that only selected instruments are swap-free for Ultra Low Account holders, contradicting the ‘as standard’ claim at instrument level. I would treat that contradiction as a warning sign. The next section addresses which entity you contract with.
Which entity you contract with
The DFSA-regulated entity is Trading Point MENA Limited, with its registered address at Park Towers, DIFC, Dubai. The website xm.com/mena displays this entity in the footer.
A separate website, xm.ae, operates under XM Financial Products Promotion L.L.C, a CMA-licensed introducer. That site refers clients to XM International MU Limited in Mauritius and shows MT4 and a copy trading product not found on the DFSA entity’s site. You might land on either site, so be careful.
During sign-up, the exact legal entity you contract with remains unverified. The two UAE-facing websites create ambiguity, and I have not resolved which flow a retail trader in the Emirates follows. This is an important gap. The final section lists other gaps.
What this review has not established
The exact contracting entity for you remains unverified. Whether AED can be held as an account base currency or deposited directly is not stated. The swap-free fee amount is not publicly disclosed, so you can’t compare costs upfront. I wouldn’t open an account without knowing that number.
Per-asset-class instrument counts are not published. The stale CySEC reference in the KYC documentation is a compliance documentation gap. The review records these points without apology, because you deserve to know. I’d flag them to any trader considering XM.
No other unverified claims are implied. The facts presented are drawn from the DFSA register, the broker’s published pages, and a full-text search of the CMA rulebook, all captured on 2026-08-21. I’ve reviewed the team’s work and I’m satisfied the sources are solid.
FAQs
Is XM regulated in the UAE?
Does XM offer an Islamic account?
What is the minimum deposit for XM?
Does XM support AED?
Is MT4 available on XM's DFSA-regulated platform?
About the author
Justin Grossbard co-founded CompareForexBrokers in 2014 and serves as Co-Founder and CEO. He has traded forex since 1998. For this site he directs the research and comparison of UAE-licensed brokers. He holds Monash University degrees including a Bachelor of Commerce with Honours and a Master of Marketing. His commentary has appeared in Forbes, Kiplinger, Finance Magnates and Entrepreneur.