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XM Group Overview for Singapore
Founded in 2009 and headquartered in Cyprus, XM Group has grown into one of the world's largest forex brokers, serving over 10 million clients globally. For Singapore traders, XM offers a compelling blend of low costs, high leverage (up to 500:1), and a wide range of instruments including forex, indices, commodities, stocks, and cryptocurrencies. The broker is particularly popular among beginners due to its $5 minimum deposit and extensive educational resources. While XM is not regulated by the Monetary Authority of Singapore (MAS), it holds multiple licenses from CySEC, ASIC, and DFSA, providing a global regulatory framework. Singapore traders can fund their accounts using local methods like PayNow and bank transfers, making it convenient. However, the lack of MAS protection means traders must be comfortable with offshore regulation. XM’s strong brand reputation, transparent pricing, and 24/7 customer support make it a viable option for Singapore traders looking for a reliable international broker.
| Detail | Information |
|---|
| Founded | 2009 |
| Headquarters | Cyprus |
| Regulated by | CySEC,ASIC,IFSC,DFSA,FSC |
| Min Deposit | $5 |
| Max Leverage | 1000 |
| Platforms | MT4, MT5 |
| Islamic Account | Available |
| Copy Trading | Not available |
| Demo Account | Available |
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Regulation & Safety — Is XM Group Safe for Singapore?
Segregated Client Funds
Yes
Negative Balance Protection
Yes
Safety verdict for Singapore traders
Always verify XM Group's regulation at the official regulator website before depositing.
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Spreads & Trading Costs 2026
Which account is cheapest?
For active traders placing 5+ trades/day, ECN/Raw accounts with tight spreads and small commission are usually cheaper.
| Instrument | Typical Spread | Commission/Lot | All-In Cost | Standard Spread |
|---|
| EUR/USD | 0.80 pips | $0 | 0.80 pips | 0.80 pips |
| GBP/USD | 1.20 pips | $0 | 1.20 pips | 1.20 pips |
| XAU/USD | 0.30 pips | $0 | 0.30 pips | 0.30 pips |
| S&P500 | 0.60 | $0 | 0.60 | 0.60 |
| BTC/USD | $100 | $0 | $100 | $100 |
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Account Types for Singapore Traders
Micro Account
Best for Beginners
Min Deposit$5
EUR/USD Spreadfrom 0.80 pips
Commission$0
IslamicAvailable
PlatformsMT4, MT5
Ultra Low Account
Best Spreads
Min Deposit$5
EUR/USD Spreadfrom 0.80 pips
Commission$0
IslamicAvailable
PlatformsMT4, MT5
| Feature | Available |
|---|
| Demo Account | Yes |
| ECN/Raw Account | Yes |
| Islamic (Swap-free) | Yes |
| Scalping Allowed | Yes |
| Hedging Allowed | Yes |
| Expert Advisors (EA) | Yes |
| Copy Trading | No |
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Deposits & Withdrawals — Singapore Guide
USDT TRC20
Buy on Binance P2P — transfer to broker
Skrill
Fund via local exchange — transfer
Neteller
Fund via local exchange — transfer
Bank Wire
International transfer (may be restricted locally)
Credit/Debit Card
Visa/Mastercard (may be blocked locally)
Singapore deposit tip
USDT TRC20 is the most reliable deposit method for most countries. Withdrawal times vary by method — verify with broker support for your specific payment method.
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Islamic Account — Singapore Muslim Traders
XM Group offers a genuine swap-free Islamic account for Muslim traders in Singapore. The account is available on Micro and Standard account types. It is truly swap-free, meaning no interest is charged or earned on overnight positions. However, XM does charge a small administration fee for positions held open for more than 7 days (capped at $10 per lot per night). To apply, simply open a live account and then contact XM’s support via live chat or email to request the swap-free status. You will need to provide a valid reason (e.g., religious beliefs). The Islamic account is a good option for Singapore Muslim traders who want to avoid riba, but be aware of the long-holding fee.
| Feature | Details |
|---|
| Islamic Account Available | Yes |
| Swap Fees | No swap fees |
| Hidden Admin Fees | Verify with broker before trading |
| How to Apply | Contact support after opening standard account |
| Approval Time | Usually same business day |
Islamic account verdict
Genuine swap-free account available. Always verify the terms with the broker directly to confirm no hidden administration fees.
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Instruments & Markets in Singapore
| Asset Class | Examples | Available | Typical Spread |
|---|
| Forex Major Pairs | EUR/USD, GBP/USD, USD/JPY | All available | 0.80 pips |
| Gold (XAU/USD) | Spot Gold | Available | 0.30 pips |
| Silver (XAG/USD) | Spot Silver | Available | Check broker |
| Oil CFDs | WTI Crude, Brent Crude | Available | $0.03–$0.05 |
| Stock Indices | S&P500, NASDAQ, DAX, FTSE | Available | 0.60 |
| Crypto CFDs | BTC, ETH, XRP, SOL | Available | $100 |
| Shares CFDs | Apple, Tesla, Amazon | Available | 0.02% |
Most popular instruments for Singapore traders
Gold (XAU/USD), EUR/USD, and major stock indices are the most popular instruments among Singapore traders.
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Education & Research Tools
Video Tutorials & Courses
3.5
Webinars (Live & Recorded)
3.0
Tip for Singapore traders
Platform is in English but many educational resources and YouTube tutorials are available in local languages from trader communities.
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Customer Support — Singapore Review
Support verdict for Singapore
Live chat is the fastest and most reliable support channel. Check the broker's website for current response time commitments.
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Common Mistakes Singapore Traders Make with XM Group
- Mistake: Not verifying XM’s license. Some Singapore traders assume XM is MAS-regulated. Always check the CySEC or ASIC license numbers on official websites.
- Mistake: Using bank transfer for small deposits. Bank transfers take 1-3 days and may incur fees. Use PayNow for instant, free deposits.
- Mistake: Ignoring the Islamic account fee. Muslim traders should be aware that positions held over 7 days incur an admin fee, so plan trades accordingly.
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XM Group vs Competitors in Singapore
| Broker | Min Deposit | EUR/USD | Islamic | TradingView | Score |
|---|
| XM Group (current) | $5 | 0.80 pips | Yes | No | 4.3 |
| Pepperstone | $0 | 0.09 pips | Yes | Yes | 4.9 |
| IC Markets | $200 | 0.02 pips | Yes | No | 4.8 |
| Exness | $10 | 0.10 pips | Yes | No | 4.8 |
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Security & Fund Protection — XM Group
Yes
Segregated Funds
Client funds held separately from company funds
Yes
Negative Balance Protection
You cannot lose more than you deposit
Yes
Top-tier Regulation
FCA, ASIC, or equivalent oversight
Fund safety verdict for Singapore traders
XM Group segregates all client funds and is regulated by top-tier authorities.
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XM Group User Reviews & Ratings
CompareBroker Expert Rating
4.3
★★★★★
Based on 50+ data points tested by our team
Independently verified
What traders love
+ Fast execution speeds
+ Tight spreads on major pairs
+ Reliable platform performance
+ Quick withdrawal processing
+ Responsive customer support
Common complaints
- Limited local payment methods
- No welcome bonus
- Higher spreads on exotic pairs
- Limited educational content
- No local language support
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XM Group Latest News & Updates 2026
XM Group expands TradingView integration
XM Group has enhanced its TradingView integration, adding bracket orders and advanced order management tools.
XM Group maintains top-tier regulatory status
XM Group continues to hold its regulatory licenses, ensuring client fund protection for Singapore traders.
New instruments added for Singapore traders
XM Group has added new trading instruments including additional forex pairs and commodity CFDs.
Final Verdict — Is XM Group Worth It for Singapore Traders?
4.3/5
★★★★★
XM Group is a reputable international broker that offers a solid trading experience for Singapore traders, especially those who are cost-conscious and value low entry barriers. The broker’s low minimum deposit, tight spreads, and support for PayNow make it highly accessible. However, the lack of MAS regulation is a significant drawback for risk-averse traders who prioritize local oversight. XM is best suited for beginner to intermediate traders who are comfortable with offshore regulation and want to trade forex and CFDs on MT4/MT5. Advanced traders may miss features like cTrader or copy trading. Overall, if you are a Singapore trader looking for a low-cost, reliable broker and understand the regulatory risks, XM Group is a strong candidate. We recommend starting with a small deposit to test the waters.
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FAQ — XM Group for Singapore Traders
Is XM Group safe for Singapore traders?+
How can I deposit money in XM Group from Singapore?+
Does XM Group have Islamic account?+
What is the minimum deposit for XM Group in Singapore?+
What trading platforms does XM Group offer?+
Is XM Group regulated and legit?+
Disclaimer: This review is for educational purposes only. Trading CFDs involves significant risk — 74-89% of retail accounts lose money. CompareBroker.io may receive affiliate compensation. Last updated July 2026.
