XM — India
Key facts (8)
- Who actually onboards you
- XM Global Limited
- Licence number
- not stated
- Established
- 2009group
- Min deposit, USD
- 5 USDgeo
- Platforms
- MT4 · MT5
- Local funding
- INR deposits via UPI (Google Pay/PhonePe/Paytm),
- Max leverage
- 1000geo
- EURUSD
- 1.3 pipsgeo
This broker against the India middle (52 of 91)
| XM | India median | |
|---|---|---|
| Round turn, USD | 3.5 USD | 6.0 USD |
| Min deposit, USD | 5 USDgeo | 30.0 USD |
| Max leverage | 1000geo | 500.0geo |
| Withdrawal, h | 24 hours / 1 business day hgroup | 48.0 h |
| EURUSD, standard | 1.3 pipsgeo | 1.0 pips |
| EURUSD, raw | 0.0 pipsgeo | 0.0 pips |
| Established | 2009group | 2008.0 |
| Platforms | 2 | 3 |
Accepts residents of India
Through an offshore entity
Score (5/6 axes)
Shown, not ranked: no review-platform rating
Licence check
Who actually onboards you
XM Global Limited
Offshore entity
Indian clients are onboarded under the offshore XM Global Limited (Belize FSC).
Public rating and its base
Round turn against the local middle (52 of 91)
raw+commission
Getting money out
From the entry account upwards
Micro, Standard, Ultra Low (Standard/Micro), Zero, and Shares accounts; min deposit from USD 5 (Shares much higher).
Terminals, markets, instrument counts (2)
MT4 · MT5
1000+ instruments: 55+ forex pairs, stock indices, metals/energies/commodity CFDs and share CFDs; crypto CFDs vary by entity.
What works and what to watch
Pros (3)
- Round turn 3.5 USD against a India median of 6.0
- Swap-free account available
- Withdrawal published at 24 hours / 1 business day h
Cons (2)
- No local licence: the client is onboarded by a foreign entity
- No public review-platform rating, so the review axis is absent
Profits, and what India takes
Exchange-traded currency futures & options profit is generally treated as non-speculative business income and taxed at the individual's income-tax slab rates (as of the review). Intraday speculative positions are speculative business income (losses set off only against speculative income, carry-forward 4 years) vs non-speculative losses carry-forward 8 years. A 20% TCS applies on LRS foreign remit
Where it does not serve
United States of America, Canada, Israel, Islamic Republic of Iran
Methodology
2 + 3 × weighted mean of six axes · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%
Verified · what changed · sources (3)
Checked: 2026-07-09
- xm.com/regulation page
- tradingzenith.net domain
- rupeetrading.com domain
FAQ (5)
Does XM accept residents of India?
Through an offshore entity.
Which entity onboards a India client of XM?
XM Global Limited
What licence does XM hold for India?
No licence number is published for this country.
What does one EURUSD lot cost at XM?
3.5 USD per round turn against a India median of 6.0 USD, measured on 52 of 91 brokers.
How long does a withdrawal from XM take?
24 hours / 1 business day hours as published. processes withdrawal requests within 24 hours (1 business day)