XM review: trading US stocks
A CFD-first broker with real US share names on the price list, not a US stockbroker. Its separate, higher-minimum Shares Account is the only route to actual ownership here.
In one line: XM gives leveraged exposure to US share prices without ownership, founded 2009, headquartered in Limassol, Cyprus, regulated by FSC, with a $5 minimum and access to Dozens of US share CFDs (Apple, Nvidia, Microsoft, Amazon, Tesla, Meta and others).
The facts
| What you actually hold | A contract for difference on the share price |
|---|---|
| US stock access | Dozens of US share CFDs (Apple, Nvidia, Microsoft, Amazon, Tesla, Meta and others) |
| Fractional shares | Not applicable to CFD sizing |
| Minimum deposit | $5 |
| Published pricing | US share CFDs trade on the spread with no separate commission on the standard offering; individual instrument spreads vary by ticker. Source |
| Platforms | MetaTrader 4, MetaTrader 5, XM app |
| Extended hours | Not published |
| Founded / HQ | 2009 · Limassol, Cyprus |
| Regulation | FSC — Belize (8557558) |
Best for
- Traders who want a wide US share-CFD list on MT4/MT5
- A $5 entry point
Watch out for
- The $5 minimum only opens CFD accounts — a separate Shares Account with a $10,000 minimum is required for real share ownership
- XM Group names CySEC, FSA (Seychelles) and DFSA as additional group regulators on its own site, but we could only confirm one entity's exact licence number (FSC Belize) live — confirm which entity would hold your account before depositing
- Not available to US residents
Frequently asked questions
Is XM good for US stocks?
A CFD-first broker with real US share names on the price list, not a US stockbroker. Its separate, higher-minimum Shares Account is the only route to actual ownership here. Positions are CFDs, so you never own the share: dividends arrive as cash adjustments and financing is charged nightly.
Do you own the shares with XM?
No. XM offers contracts for difference on US share prices. You get price exposure with leverage, but no ownership, no voting rights and no actual dividend.
What does XM cost for US stocks?
US share CFDs trade on the spread with no separate commission on the standard offering; individual instrument spreads vary by ticker. The authoritative figure is on XM's own pricing page, linked on this profile — we restate it rather than estimating it.
Is XM regulated?
XM holds authorisations from FSC (Belize, licence 8557558). Which entity holds your account — and therefore which protections apply — depends on your country of residence.
What is the minimum to open a XM account?
$5.
Reviewed August 2026. Every figure above is restated from XM's own published pages, linked in the table.