XM — Demo account — platform assignment unconfirmed

Account conditions

Research checked

2026-10-12

Testing status

Not tested

Recorded virtual amount

Requires Verification

Recorded currency

Requires Verification

Expiry category

unknown

Evidence category

Some details unconfirmed

Signup requirements

Account-types page links to registration

Notes and remaining checks

Demo existence confirmed. MT4/MT5 offered generally but demo-to-platform mapping needs confirmation; do not publish as verified MT4/5. FAQ search text readable, direct fetch blank.

Record ID

xm-unknown-bz

Broker

XM

Legal entity

XM Global Limited (scope of account-types page)

Research region codes

• BZ

Research region code

BZ

Research region

Belize

Research scope

Belize

Platform code

unknown

Platform

Demo account — platform assignment unconfirmed

Documented terms

Simulated environment; behavioral differences

Balance reset or adjustment

New demo possible after closure; balance reset not verified

Live account or deposit

Advertised free practice before switching to real; specific KYC not verified

Devices

Not stated

Forex coverage

Forex in general platform documentation; demo instrument list unverified

What the evidence establishes

Demo existence documented; platform and indexed expiry need confirmation.

Supporting sources

• XM account types
• XM trading account FAQs
• XM MT5 platform

Official information source

XM account types

Official entry route

Open registration portal

Route type

portal

Notes and remaining checks

Register a profile, then choose a demo account.

Evidence status

Official entry route

URL

https://www.xm.com/register/profile-account

Route source

https://www.xm.com/account-types

Research checked

2026-10-13

Testing status

Not tested

Execution and demo realism

Contractual capacity and execution arrangement are separate. ECN/STP labels do not establish agency. Simulated fills do not verify live execution quality.

Scope

XM Global Limited · Belize account-types page; current legal page links matching XM Global contract. Demo platform assignment remains unresolved.

Testing status

Not tested

Contractual role

Finding

Principal

Evidence status

Documented

Notes and remaining checks

Current-linked XM Global agreement sections 1.1 and 30.2 establish the entity and principal dealing; section 85.3(a) explicitly addresses foreign-currency contracts. No classification is extended to other XM entities.

Supporting sources

• XM Global Client Agreement — current legal-page link

Research checked

2026-10-13

Execution arrangement

Finding

Market making with possible external offsets

Evidence status

Broker-reported

Notes and remaining checks

Sections 83.2(d) and 85.3(a) describe market making and possible back-to-back transactions with affiliates or third parties.

Supporting sources

• XM Global Client Agreement — current legal-page link

Research checked

2026-10-13

Demo realism

Finding

Requires Verification

Evidence status

Requires Verification

Notes and remaining checks

Current account page confirms virtual demo but does not establish its platform-specific fill behavior; the previously indexed FAQ directly rendered blank. No live-execution statement was treated as a demo simulation rule.

Supporting sources

• XM account types and demo scope
• XM trading-account FAQ attempt

Research checked

2026-10-13

Research review

Research checked

2026-10-13

Review outcome

Role: Principal; Arrangement: Market making with possible external offsets; Demo: Requires Verification. Official documentation review only; no account or order tests.

Remaining checks

• Confirm demo platform mapping and resident-to-entity assignment in the actual signup disclosures.
• Obtain directly readable current demo/live execution differences.

Demo markets

Scope

XM Global Limited (scope of account-types page) · Belize · Demo account — platform assignment unconfirmed. Market coverage not yet reviewed.

Testing status

Not tested

Forex CFDs

Evidence status

Requires Verification

Notes and remaining checks

Forex CFD demo access has not been established for this entity and platform.

Supporting sources

No supporting source recorded for this field.

Research checked

Requires Verification

Cryptocurrency CFDs

Evidence status

Requires Verification

Notes and remaining checks

Cryptocurrency CFD demo access has not been established for this entity and platform.

Supporting sources

No supporting source recorded for this field.

Research checked

Requires Verification

API access

Evidence status

Requires Verification

Type

Requires Verification

Access route

Not established for this offering

Notes and remaining checks

API access has not yet been established for this legal entity and demo platform. This does not mean it is unavailable.

Requirements

Confirm the account, platform and regional requirements with the broker.

Supporting sources

No supporting source recorded for this field.

Official documentation

No supporting source recorded for this field.

Research checked

Requires Verification

Testing status

Not tested

Entity and regulatory research

Evidence status

Verified

Legal entity

XM Global Limited

Regulator

Belize Financial Services Commission (FSC)

Finding

Live LicenSys public search matches XM GLOBAL LIMITED, number 8557558, status Active. Categories: Trading in Securities as Principal; Arranging Transactions in Securities.

Scope

Exact Belize entity only. Securities categories copied from register; do not infer universal Forex distribution rights.

Supporting sources

• Belize FSC LicenSys — XM public register result

Reading the evidence

Documentation research, not account or execution testing. Research regions do not establish residence eligibility. Requires Verification is an evidence gap, not proof of unavailability. Source conflicts and product/entity qualifications must remain attached to claims. Demo results do not establish live trading performance.

Official sources