Head to head
Wingo Markets vs XM
Wingo Markets has no licence we could confirm on a regulator's register. 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 $50 at Wingo Markets and $5 at XM. Only XM offers negative balance protection and segregated client money.
Facts last checked: Wingo Markets on 20 October 2026, XM on 20 October 2026.
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
Comparing
Wingo Markets
XMEuropean Union
Overview
Founded
Not yet checked
2009
Headquarters
Podgorica, Montenegro (registered office); company incorporated in Mwali, Comoros
Not yet checked
Official websites
- wingomarkets.com
- clientx.wingomarkets.com
- xm.com
- trading-point.com
Facts last checked
20 October 2026
20 October 2026
Regulation and protection
Company you would contract with
No licence listed
Trading Point of Financial Instruments Ltd
Regulation level
No licence listed
Strictly regulated
Clients this company serves
No licence listed
Residents of EU and EEA countries (CySEC lists xm.com and trading-point.com as its approved domains)
All licences held
None listed
- CySEC (European Union)
- DFSA (United Arab Emirates (DIFC))
- FSCA (South Africa)
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
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
Leverage and margin
1:500
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
Stop-out level
30%
Not yet checked
Account
Minimum deposit (this account)
No accounts listed
No accounts listed
Platforms and features
Platforms
- MetaTrader 5
- Web platform
- Mobile app
- MetaTrader 4
- MetaTrader 5
- XM App
Markets
Forex, metals, oil, indices, crypto and share CFDs (the broker says 1,000+ instruments)
Currency pairs, indices, commodities and share CFDs; real shares on the Shares account
Copy trading
Yes
Yes
Expert advisors (automated trading)
Not yet checked
Yes
News trading allowed
Not yet checked
Not yet checked
Guaranteed stops
Not yet checked
Not yet checked
Deposits and withdrawals
Deposit methods
- Wingo Pay
- Mastercard
- USDT (TRC20)
- USDT (BEP20)
- Volet
- AdvCash
Not yet checked
Withdrawal fee
Not yet checked
Not yet checked
Inactivity fee
Not yet checked
Not yet checked
Support
Customer support
Phone, email and Telegram
Not yet checked
Our notes
Strengths
- Low published minimum deposit ($50 on the Starter account)
- Account conditions, margin call and stop-out levels are published for every account
- Social trading account for copying other traders
- 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
- Says it holds International Brokerage and Clearing House licence T2023302 from the Mwali International Services Authority (MISA); we could not confirm it on MISA's register on 2026-10-20 because the register site blocked our access.
- The Central Bank of the Comoros said on 8 December 2025 that MISA is not recognised in the Union of the Comoros and has no legal power to issue financial licences.
- FinCEN registration as a money services business is an anti-money-laundering registration, not a licence to offer trading
- Leverage up to 1:500 and no published negative balance protection
- 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
Choose at least one broker above to start comparing.
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:
- Wingo Markets: Trading derivatives and leveraged products involves a high level of risk and may not be suitable for all investors. Before trading, please ensure that you fully understand the risks involved and only trade with money you can afford to lose.
- XM: Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital.
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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.