Is XM Group Legal in Pakistan? Is it Safe?
Reliability is the key criterion for choosing any broker. If you have doubts about the reliability of a company, it is not recommended to work with it. Traders from Pakistan often ask “Is XM Group safe? Does the company operate legally in the territory of the country, can it be trusted?" Traders Union analysts have prepared a detailed analysis, where we will see whether XM Group is legal in Pakistan and whether you can work with this broker.
Short summary about the broker XM Group
XM Group is a globally recognized broker, operational in nearly 190 countries and serving over 15 million traders. In 2025, the company is celebrating its 15th anniversary. The broker offers over 1,400 trading instruments, including Forex pairs, stocks, commodities, cryptocurrencies, and precious metals. With licenses from regulators like FSC and CySEC, XM ensures a secure trading environment.
The company is committed to high-speed order execution without requotes, ensuring 99.35% of trades are completed nearly instantly. The broker's leverage varies by region, offering up to 1:1000 for some non-EU countries while maintaining strict compliance with European standards for others. The spreads start from 0.6 pips.
XM doesn't offer passive investment options like PAMM accounts but provides access to MQL5 copy trading and a VPS for algorithmic trading.
| 💰 Account currency: | EUR, USD, GBP, JPY - depending on the XM entity |
| 🚀 Minimum deposit: | $5 |
| ⚖️ Leverage: | 1:30 (only for EU regulated Entity and AU). For all the other countries - 1:1000. |
| 💱 Spread: | From 0.6 pips (for EU entity - from 0 pips) |
| 🔧 Instruments: | Forex,and CFDs on Stocks, Commodities, Equity Indices, Precious Metals, Energies, Cryptocurrencies, Turbo Stocks, Shares, Thematic Indices - these might differ between the XM entities |
| 💹 Margin Call / Stop Out: | 100%/50% |
Pros and cons of XM Group
👍 Advantages of trading with XM Group:
•XM Broker guarantees 100% execution of orders, 99,35% of orders delivered nearly instantly. No requotes guaranteed;
•No “markup” on narrow market spreads (broker's margins over the spread);
•Over 1,000 trading instruments. Available for trading are: 57 currency pairs, including CFDs on cross rates, metals (including palladium and platinum), commodities (cocoa, cotton, grain), stocks;
•No commission for replenishment and withdrawal of money. XM Broker incurs all commission costs of payment systems;
•Around the clock support for 5 days a week in more than 30 languages.
👎 Disadvantages of XM Group:
•Expanding their limited choice of trading platforms. Despite the fact that the broker offers 16 terminals, all of them are modifications of MT4 and MT5 for desktop, browser and mobile trading.
What information should a broker disclose?
Only the broker that discloses all legal information can be considered reliable. You need to take notice of this factor when choosing the company.
The official website of the broker should contain the following information:
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The name of the legal entity.
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Country of registration.
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Number of the registration certificate.
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Legal address, factual addresses of the offices of the broker.
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License to conduct financial activity.
The information must be published either in a special section on the website of the broker or in the disclaimer. Make sure to check it.
The official website of the broker must also provide internal regulatory documents. Before you start working with a company, review Terms of Use, Privacy Policy, Disclaimer, Risks Notice, and other documents.
Broker regulation
CYSEC
The Cyprus Securities and Exchange Commission (CySec) is the financial regulator authority of Cyprus. The regulator has the power to audit companies and issue licenses to conduct financial activities in the territory of the country.
Cyprus is an EU member and therefore the CySec license also allows companies to operate in the entire territory of the EU. Furthermore, the document issued by the regulator is considered reliable beyond the borders of the EU countries.
DFSA (Dubai Financial Services Authority)
The DFSA is the financial regulator in Dubai, UAE. They are responsible for regulating and supervising financial services, including banks, insurance companies, investment firms, and other financial institutions operating within the Dubai International Financial Centre (DIFC). The DFSA aims to maintain the integrity and stability of the financial system, protect investors, and promote transparency and confidence in the DIFC's financial markets.
FSCA
The Financial Sector Conduct Authority is the financial regulatory body of the Republic of South Africa. The regulator supervises the operation of financial organizations operating in South Africa and also issues licenses for such companies. FSCA also licenses Forex brokers.
FSCA licenses are issued not only for brokers that focus their operation in the RSA and in Africa. Companies that offer services in other regions of the world also operate under the licenses of the organization. Brokers that hold the license of this regulator can be considered reliable.
Is XM Group legal in Pakistan? Broker’s license
Security (Protection for Investors)
Information
XM Broker is licensed by four leading global regulators: FSC (Mauritius), FSC (Belize), CySEC (Cyprus), FSA (Seychelles). The CySEC license means that the broker operates in the European legal field regulated by the MiFID directive I and II. All customer accounts are separated from brokerage accounts for operating activities and are in the European banks.
👍 Advantages
- There are segregated accounts
- Protection from negative balance is provided
- There is a technology of Personal accounts and account protection from unauthorized access
👎 Disadvantages
- Submission of claims to the regulator for small amounts does not make sense due to subsequent financial and time costs
Brokers that are similar to XM Group
In addition to license and reliability, you also need to take notice of the trading conditions of brokers. This is important both for beginners and experienced traders, as the demands of the clients with different experience differ. Traders Union analysts have prepared a comparison table of XM Group with similar brokers.
Comparison of XM Group with other Brokers
| XM Group | Eightcap | RoboForex | Exness | NPBFX | |
|---|---|---|---|---|---|
Trading platform |
MT4, MT5, MobileTrading, XM App |
MT4, MT5, TradingView |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 |
MT4 |
Min deposit |
$5 |
$100 |
$10 |
$10 |
$10 |
Leverage |
From 1:1 |
From 1:30 |
From 1:1 |
From 1:1 |
From 1:200 |
Trust management |
No |
No |
No |
No |
No |
Accrual of % on the balance |
No |
No |
10.00%% |
No |
No |
Spread |
From 0.8 points |
From 0 points |
From 0 points |
From 0 points |
From 0.4 points |
Level of margin call / stop out |
No |
No |
No |
No |
No |
Execution of orders |
Market Execution |
Market Execution |
Market Execution, Instant Execution |
Market Execution, Instant Execution |
Instant Execution, Market Execution |
No deposit bonus |
No |
No |
No |
No |
No |
Cent accounts |
No |
No |
Yes |
Yes |
No |
XM Broker is a broker for professional trading. Trading conditions correspond to the average market; there are technical advantages that distinguish XM Broker from its competitors.
Eightcap has favorable working conditions due to a large choice of instruments, tight spreads, high leverage, and no withdrawal fees. Integration with popular trading platforms and basic deposit/withdrawal options greatly facilitates work with the broker and reduces the entry threshold. In addition to comfortable conditions and low financial costs, traders get free educational materials and special services for technical analysis. A relative disadvantage is the absence of opportunities for passive income. Also, the broker works only with CFDs, so other groups of trading instruments are not available.
The minimum deposit in RoboForex is $10. Leverage up to 1:2000. Traders choose RoboForex for reliability, favorable trading conditions, minimum spreads, and commission fees. The company is recommended for beginner traders and experienced investors.
Exness broker is a trusted broker partner that is compliant with all relevant terms. Exness complies with all payment obligations and pays money earned.
NPBFX is a universal broker providing services on off-exchange financial markets. Trading conditions are suitable for traders with any level of knowledge and opportunities. Investors have access to ZuluTrade social trading.
Conclusions
Traders Union showed that XM Group is indeed very reliable and legal in Pakistan. The company holds all necessary licenses to conduct financial activity; it complies with all key requirements of the regulator. Legality of the broker’s operation in the country is one of the key criteria for choosing the company for trading. It is important to take this into consideration, as well as the trading conditions. In this case, we can say that the broker meets all the reliability requirements.
FAQ
Can I work with a broker who does not hold the license?
Trading with a broker without the license involves high risks. The license guarantees that the company performs its obligations. Working with a broker without the license creates a risk of manipulations with quotes, failure to pay, and other schemes.
Where can I complain if a broker with a license violated its obligations?
If a broker allows a violation of the conditions, you can appeal to the authority that issued the license and to the court.
How do I choose the best broker in Pakistan for beginners?
Novice traders need to consider the brokers with licenses issued in Pakistan or other European Union countries, availability of a demo account or cent account, the level of commissions and fees and minimum deposit, as well as educational materials.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.