XM is one of the most widely used brokers in the world, serving a huge global client base since 2009. Its standout strength is multi-jurisdiction regulation: licences from the Dubai Financial Services Authority (DFSA), Australia's ASIC and Cyprus's CySEC, plus an entity in Belize (FSC) — giving Saudi-based traders a broker with a regional Gulf presence even though it holds no CMA or SAMA licence directly. Add a minimum deposit of just $5 (roughly SR 19), full support for both MetaTrader 4 and MetaTrader 5, and genuine swap-free accounts that do not widen spreads, and you get a veteran all-rounder that fits almost any trader profile — from a first-time account to an experienced multi-asset portfolio. Our trading signals publish an exact entry, take-profit and stop-loss on every call, so they execute cleanly on XM's MT4 or MT5, around the London and New York sessions in AST. If you want those free trading signals rather than a paid subscription, that offer runs through Base Markets with a $400 deposit (roughly SR 1,500) that stays yours to trade — the signals page sets out both routes side by side.
Regulation and safety
XM is supervised by several respected regulators: the Dubai Financial Services Authority (DFSA), the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), plus an entity in Belize (FSC). None of these is a CMA or SAMA licence — Saudi Arabia's onshore regulators do not licence retail forex/CFD providers, so like our other two ranked brokers, XM is accessed as an internationally regulated broker rather than a locally licensed one.
Holding multiple licences of this calibre enforces client-fund segregation across entities and is a meaningful trust signal for a global audience, including Gulf traders — though which entity onboards you, and therefore which protections apply, depends on your country of residence.
Accounts and costs
XM offers several account types (Standard, Micro, Ultra Low and Zero). Spreads start from 0.6 pips on the Ultra Low account, while the Zero account offers near-zero spreads in exchange for a commission of about $3.5 per side (roughly SR 13).
The minimum deposit is $5 (roughly SR 19) on most accounts, keeping the entry barrier very low while letting you match the account type to your trading style. Funding is available in SR, USD and several other methods.
Platforms and instruments
XM fully supports both MetaTrader 4 and MetaTrader 5 on web, desktop and mobile, backed by rich analysis tools and educational material.
Instruments include forex, metals, energy, indices, shares and crypto CFDs — enough breadth to cover most trading styles from day trading majors to swing-trading gold, our highest-volume market for signals in the Gulf.
Choosing the right entity
Because XM operates several regulated entities, the leverage, protections and product range you see can differ by country of registration. Leverage reaches high levels with some entities while others cap it under local rules.
Before funding, confirm which entity will hold your account and what that means for leverage and complaint procedures. This is normal for global brokers — it just rewards a few minutes of reading at signup.
Swap-free (Shariah-compliant) account
XM's swap-free accounts stand out because they do not widen spreads in exchange for removing overnight interest — a trade-off many other brokers do impose. This is the structure most Saudi-based traders look for in a Shariah-compliant account.
The swap-free option is available on the Standard, Micro and Ultra Low accounts, which suits traders who need it without paying a hidden premium for the feature.