
XM in Pakistan — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
Key facts (6 facts)
- Onboarding entity
- XM Global Limited
- Founded
- 2009
- Retail leverage
- 1000PK
- Round turn
- 7 USDPK
- Currencies
- USD, EUR, GBP, JPY, CHF, AUD and others; no PKR base account, deposits converted.
- Swap-free account
- yes
Licence check
The broker's own website. Not a partner link — we earn nothing from it.
Taxes for a Pakistani resident(1 rule)
- Forex/derivatives trading profit for residents is generally taxed as income;https://xm.com/regulation
Not tax advice. Check with the Federal Board of Revenue.
Who actually onboards you
- Entity that onboards Pakistan residents
- XM Global Limited
- Local standing
- Offshore (Belize FSC); not SECP-regulated. Not banned and no explicit prohibition, so legal to use, but with no local protection.
- Licence as the register states it
- XM Global Limited holds a Belize FSC Securities licence; no local SECP licence.
- Leverage for this entity
- Up to 1:1000 on forex via the offshore entity; not capped by a local Pakistani regulator.
- The firm behind it
- Founded 2009, part of Trading Point Holdings; HQ Limassol, Cyprus; 15M+ clients worldwide; major MetaTrader forex/CFD broker.
- What we hold against it
- Not banned and no local warning found at review; caveat is offshore-only protection.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Pakistani residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youOffshore (Belize FSC); not SECP-regulated. Not banned and no explicit prohibition, so legal to use, but with no local protection.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against Pakistan market median(priced from 36 of 62)
Medians run over the 36 of 62 brokers that publish a price for Pakistan, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Micro, Standard, Ultra Low (Standard/Micro), Zero, Shares accounts, min deposit from USD 5 (Shares much higher). The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Payouts
Identical for every row: Deposit, h 24 · Fee, USD 0 · Min, USD 50.
Deposit and withdrawal methods (3 methods · 1 local)
Local PKR bank transfer (converted to USD on deposit) plus cards and e-wallets;
- Local PKR bank transferlocal
- Cards
- E-wallets
- Account currency
- USD, EUR, GBP, JPY, CHF, AUD and others; no PKR base account, deposits converted.
- Fee declared
- 3 of 3 methods
- Withdrawal back to
- the funding method
Where it does not serve(4 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(3 platforms)
- MT4
- MT5
- XM app
Identical for every row: Min spread 1 · Leverage 1000 PK.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 3.8 | — |
Share of reviewers in Pakistan: — The platform does not publish it.
Pros and cons(4 for and 4 against, each tied to a figure on this page)
- Min deposit 5 USD, under the Pakistan median 7.5
- Swap-free account available
- Round-turn cost 90 of 100, its strongest of 6 scored axes
- 3 platforms: MT4, MT5, XM app
- No Pakistan authorisation on file: the entity that onboards you is licensed elsewhere
- Withdrawal in 120 h, over the Pakistan median 24
- The published 1:1000 comes from the group's offshore entity, not from the Pakistan one
- Payouts 0 of 100, its weakest of 6 scored axes
Where XM sits in the Pakistan base(62 brokers)
Round-turn cost, USD (36 of 62 priced)
Median 7 USD · range 3-19 · this broker 7 USD · 26 of 62 brokers do not publish it
Minimum deposit, USD (16 of 62 priced)
Median 7.5 USD · range 0-237.2 · this broker 5 USD · 46 of 62 brokers do not publish it
Retail leverage (34 of 62 with a Pakistan figure)
Median 1:750 · range 50-5000 · this broker 1:1000 · 28 of 62 brokers do not publish it
Withdrawal time published (62 brokers)
Alternatives in Pakistan(6 of 62 scored in Pakistan)
- Round turn, USD
- 6PK
- Min deposit, USD
- 5 groupPK
- Leverage
- 2000PK
- Rank in this country
- #2
- Round turn, USD
- 6PK
- Min deposit, USD
- 0PK
- Leverage
- 500PK
- Rank in this country
- #6
- Round turn, USD
- 6PK
- Min deposit, USD
- 5 groupPK
- Leverage
- 3000PK
- Rank in this country
- #7
- Round turn, USD
- 8PK
- Min deposit, USD
- 10 groupPK
- Leverage
- 200PK
- Rank in this country
- #8
- Round turn, USD
- 7PK
- Min deposit, USD
- 0 groupPK
- Leverage
- 500PK
- Rank in this country
- #15
- Round turn, USD
- 9PK
- Min deposit, USD
- 10 groupPK
- Leverage
- 3000PK
- Rank in this country
- #16
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a Pakistan score. Full methodology
| Axis | Weight | What is measured | XM |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 40 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 90 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 10 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 0 |
| Track record | 10% | Years since the firm was founded, from its own filings | 85 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 50 |
FAQ
- Does XM accept residents of Pakistan?
- No. Offshore (Belize FSC); not SECP-regulated. Not banned and no explicit prohibition, so legal to use, but with no local protection. Onboarding entity: XM Global Limited
- Is XM licensed to serve clients in Pakistan?
- XM Global Limited holds a Belize FSC Securities licence; no local SECP licence. Checked on 09.07.2026.
- How much does one round turn cost at XM?
- About 7.0 USD per standard lot on EUR/USD. The median across brokers measured for Pakistan is 7.0 USD.
- What leverage does XM offer to retail clients in Pakistan?
- Up to 1:1000. Up to 1:1000 on forex via the offshore entity; not capped by a local Pakistani regulator.
- Which trading platforms does XM support?
- MT4, MT5, XM app. Instruments: 1000+ instruments: 55+ forex pairs, stock indices, metals/energies/commodity CFDs and share CFDs; crypto CFDs vary by entity.
- How can I withdraw money from XM in Pakistan?
- Local PKR bank transfer (converted to USD on deposit) plus cards and e-wallets; Urdu support available.
- What account types does XM offer?
- Micro, Standard, Ultra Low (Standard/Micro), Zero, and Shares accounts; min deposit from USD 5 (Shares much higher).
- Does XM offer a swap-free (Islamic) account?
- Yes. XM offers a swap-free (Islamic) account to Pakistan residents.
Cost calculator (median of 36 priced of 62)
EURUSD round turns at the prices captured 01.10.2026. Shown in USD only: we do not publish a PKR conversion because the exchange rate is not part of our data.