XM is one of the most widely used brokers in the world, serving a very large global client base since 2009. It holds licences from Australia's ASIC, Cyprus's CySEC and the Dubai Financial Services Authority, plus an entity in Belize — a genuinely broad regulatory footprint, though none of it is a MAS licence, and a Singapore resident will be onboarded by one of those overseas entities rather than by a Singapore-licensed firm. Add a minimum deposit of just $5 (roughly S$6.50), full support for both MetaTrader 4 and MetaTrader 5, and swap-free accounts that do not widen spreads, and you get a veteran all-rounder that fits almost any trader profile — from a first 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 SGT. If you want those free trading signals rather than a paid subscription, that offer runs through Base Markets with a $400 deposit (roughly S$515) 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 Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC) and the Dubai Financial Services Authority (DFSA), plus an entity in Belize (FSC).
Holding multiple licences of this calibre enforces client-fund segregation across entities and is a meaningful trust signal. It is not, however, a Singapore licence: XM holds no MAS authorisation, so a Singapore resident's account sits outside the local perimeter. Which entity onboards you — and therefore which protections apply — depends on your country of residence, so confirm that at registration before you fund anything.
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.
The minimum deposit is $5 (roughly S$6.50) on most accounts, keeping the entry barrier very low while letting you match the account type to your trading style.
Platforms and instruments
XM fully supports both MetaTrader 4 and MetaTrader 5 on web, desktop and mobile, backed by 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 signal market.
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, negative-balance protection and complaint procedures. This is normal for global brokers — it just rewards a few minutes of reading at signup, and it matters more when there is no local regulator to fall back on.
Swap-free 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.
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.