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Head to head

FIBO Group vs XM

FIBO Group holds only an offshore registration (British Virgin Islands). XM is licensed by CySEC in the European Union, DFSA in the United Arab Emirates (DIFC) and FSCA in South Africa. The licence that applies to you depends on where you live, so check which company you would contract with before comparing anything else.

Minimum deposits start at $0 at FIBO Group and $5 at XM. Only XM offers negative balance protection and segregated client money.

Facts last checked: FIBO Group on 20 October 2026, XM on 20 October 2026.

FIBO Group profileXM profile
Broker 1
Broker 2
Broker 3

Monthly cost uses the account chosen in each slot: cost per lot × your lots. Swap and other fees are extra. The lowest monthly cost is highlighted only as a fact about cost, not as a recommendation.

Broker
FIBO GroupOffshore registration onlyRead the profile
XMStrictly regulatedRead the profile
Comparing
FIBO GroupBritish Virgin Islands
XMEuropean Union

Overview

Founded
Not yet checked
2009
Headquarters
Road Town, Tortola, British Virgin Islands
Not yet checked
Official websites
  • fibogroup.com
  • xm.com
  • trading-point.com
Facts last checked
20 October 2026
20 October 2026

Regulation and protection

Company you would contract with
FIBO Group, Ltd.
Trading Point of Financial Instruments Ltd
Regulator
FSC BVI
British Virgin Islands
CySEC
European Union
Regulation level
Offshore registration only
Strictly regulated
Licence number
Investment Business Licence SIBA/L/13/1063
Check the register
120/10
Check the register
Clients this company serves
All clients of fibogroup.com (not available to residents of the UK, US or North Korea)
Residents of EU and EEA countries (CySEC lists xm.com and trading-point.com as its approved domains)
All licences held
  • FSC BVI (British Virgin Islands)
  • CySEC (European Union)
  • DFSA (United Arab Emirates (DIFC))
  • FSCA (South Africa)
Segregated client money
No
Yes
Negative balance protection
No
Yes
Compensation scheme
None
ICF (Cyprus) for eligible clients of Trading Point of Financial Instruments Ltd; none named for XM Global Limited

Costs

Your monthly cost
No accounts listed
No accounts listed
Cost per lot (EUR/USD)
No accounts listed
No accounts listed
Spread from
No accounts listed
No accounts listed
Typical EUR/USD spread
No accounts listed
No accounts listed
Commission per lot (round turn)
No accounts listed
No accounts listed
Typical GBP/USD spread
Not yet checked
Not yet checked
Typical USD/JPY spread
Not yet checked
Not yet checked
Typical XAU/USD spread
Not yet checked
Not yet checked
Swap-free account
Yes
Yes

Leverage and margin

Maximum retail leverage
Up to 1:400 on standard accounts; up to 1:3000 and 1:5000 on cent accounts
Up to 1:1000 (XM Global Limited); EU retail clients are limited to 1:30 on major pairs
Retail leverage by asset class
Not yet checked
Not yet checked
Margin call level
Not yet checked
Not yet checked
Stop-out level
20% (MT4 Cent, MT4 Fixed, cTrader NDD, cTrader Zero Spread); 50% (MT4 NDD, MT4 NDD No Commission, MT5 NDD, MT5 Cent)
Not yet checked

Account

Minimum deposit (this account)
No accounts listed
No accounts listed
Base currencies
No accounts listed
No accounts listed
Execution
No accounts listed
No accounts listed

Platforms and features

Platforms
  • MetaTrader 4
  • MetaTrader 5
  • cTrader
  • MT4 WebTerminal
  • MetaTrader 4
  • MetaTrader 5
  • XM App
Markets
Up to 43 currency pairs, metals, CFDs, 13 cryptocurrencies and 50 US shares, depending on the account
Currency pairs, indices, commodities and share CFDs; real shares on the Shares account
Demo account
Yes
Yes
Copy trading
Not yet checked
Yes
Expert advisors (automated trading)
Yes
Yes
News trading allowed
Not yet checked
Not yet checked
Guaranteed stops
Not yet checked
Not yet checked

Deposits and withdrawals

Deposit methods
  • Bank transfer
  • Visa and Mastercard
  • E-wallets
Not yet checked
Withdrawal fee
Not yet checked
Not yet checked
Inactivity fee
Up to $5 a month on accounts with no trade for 91 days, if FIBO introduces the fee
Not yet checked

Support

Customer support
Phone (+44 845 09-50-118) and call-back requests
Not yet checked

Our notes

Strengths
  • FIBO Group, Ltd. is listed by the BVI FSC as a currently regulated investment business (dealing as agent and principal, arranging deals)
  • Wide choice of platforms and accounts, including cent accounts that open from 1 cent
  • Spreads from 0 pips on NDD accounts with commission charged as a percentage of trade value
  • Low minimum deposit of $5 on the Standard and Ultra Low accounts
  • Negative balance protection on all accounts, according to XM's account page
  • EU clients can contract with a CySEC-licensed company (licence 120/10)
Watch out for
  • The BVI licence is offshore and there is no compensation scheme
  • We found no negative balance protection or client money segregation commitment in the customer agreement; it lets FIBO cover a negative balance from your other accounts
  • Leverage up to 1:5000 on the MT5 Cent account
  • FIBO's former Cyprus company no longer appears on CySEC's list of investment firms; EU clients have no EU-licensed FIBO company
  • XM's global site names XM Global Limited, which it says is regulated by the FSC of Belize (licence 8557558). We could not confirm this licence on the Belize FSC's online register on 2026-10-20, so we do not list it.
  • Leverage of up to 1:1000 on the global site magnifies losses as much as gains
  • The Standard account is marketed with deposit bonuses; read the bonus terms before you accept one
  • XM no longer holds a UK licence (the FCA register shows its passport as cancelled) and its former Australian company now trades as Trading.com Markets

Risk warnings

The buttons to a broker’s website above the table are partner links: we may earn a commission if you open an account through them. That never changes the facts shown here. Trading leveraged products such as forex and CFDs carries a high risk of losing money rapidly, and most retail accounts lose money. Each broker’s own warning:

  • FIBO Group: Forex trading involves significant risk, including the potential loss of all invested funds. It may not be suitable for everyone. Please assess your risk tolerance carefully.
  • XM: Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital.

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Other head-to-head pages

Cost per lot is the typical EUR/USD spread in busy hours × $10, plus any round-turn commission, for one standard lot. “Not yet checked” means we have not confirmed that fact yet. This page compares facts; it does not rank the brokers or recommend either. Confirm costs and licences on each broker’s site and the regulator’s public register before opening an account: see how we review brokers and check a broker yourself.

Nothing on this page is financial advice. Read the full disclaimer.

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