# XM — Demo account — platform assignment unconfirmed Belize research scope · XM Global Limited (scope of account-types page). Some details unconfirmed. Reference page: /demo-accounts/xm-unknown-bz.html 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. ## Research checked 2026-10-12 ## Testing status Not tested ## Recorded virtual amount Requires Verification ## Recorded currency Requires Verification ## Virtual funds Not recorded ## Balance qualifications Starting balance not established. ## Expiry category unknown ## Expiry rule Indexed official FAQ: closes after \>60 days inactive; direct-page verification incomplete ## Expiry qualifications ## 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 MT4/MT5 offered generally but demo-to-platform mapping needs confirmation; do not publish as verified MT4/5.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 ## Eligibility and regional limits Global account page excludes citizens of US, Canada, Israel, Iran and other sanctioned countries; demo-specific application of exclusions unconfirmed. ## What the evidence establishes Demo existence documented; platform and indexed expiry need confirmation. ## Supporting sources - [XM account types]() — source ID: xm-1 - [XM trading account FAQs]() — source ID: xm-2 - [XM MT5 platform]() — source ID: xm-3 ## Official information source [XM account types]() ## 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]() — source ID: xm-reg-1 ## Official entry route ### 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 ### 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]() — source ID: ex-c-xm-contract #### 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]() — source ID: ex-c-xm-contract #### 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]() — source ID: ex-c-xm-demo - [XM trading-account FAQ attempt]() — source ID: ex-c-xm-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 ## Official sources ### XM Global Client Agreement — current legal-page link Source ID: ex-c-xm-contract https://cloud.xm-cdn.com/static/pdf/System-PDFs/XMGlobal-Client-Agreement-Terms-and-Conditions-of-Business.pdf?v=8b45d4ddbf3bc2bbbdf7e9fec7dbb927 #### Source owner Broker #### Research checked 2026-10-13 #### Source locator Sections 1.1, 30.2, 83.2(d), 85.3(a); current legal-documents link establishes XM Global mapping #### Source access note Opened via current https://www.xm.com/legal-documents Terms and Conditions link; 85-page PDF explicitly names XM Global Limited. ### XM account types and demo scope Source ID: ex-c-xm-demo https://www.xm.com/account-types #### Source owner Broker #### Research checked 2026-10-13 #### Source locator Free demo description; platform assignment not established #### Source access note Official page/PDF opened and read; no account opened or trading tested. ### XM trading-account FAQ attempt Source ID: ex-c-xm-faq-attempt https://www.xm.com/help-center/trading-accounts/are-all-instruments-swap-free-for-ultra-low-account-holders #### Source owner Broker #### Research checked 2026-10-13 #### Source locator Previously indexed trading-account FAQ #### Source access note Direct page opened as one-line public/blank content; no current detailed demo realism text available. ### XM account types Source ID: xm-1 https://www.xm.com/account-types #### claims Confirms free demo with virtual funds; XM Global Limited, FSC 8557558; regional exclusions. Fully opened. #### checked date 2026-10-12 #### verification Official documentation; no account opened or functional test ### XM trading account FAQs Source ID: xm-2 https://www.xm.com/help-center/trading-accounts/are-all-instruments-swap-free-for-ultra-low-account-holders #### claims Official search-index text: \>60-day demo inactivity closure; up to five demos; simulation caveat. Direct open blank: provisional secondary retrieval of official text. #### checked date 2026-10-12 #### verification Official documentation; no account opened or functional test ### XM MT5 platform Source ID: xm-3 https://www.xm.com/mt5 #### claims General MT5 availability only; no explicit demo-to-platform mapping in opened text. #### checked date 2026-10-12 #### verification Official documentation; no account opened or functional test ### Belize FSC LicenSys — XM public register result Source ID: xm-reg-1 https://licensys.belizefsc.org.bz/#/publicSearch?__meta__formId=6928049e24c807681185b908&Page=1&PageSize=10&SortBy=RegistrationObjectInfo.InitialRegistrationDate%20desc&IsCurrent=true&RegistrationObjectInfo.RegistrationObjectNumber=&RegistrationObjectInfo.RegistrationObjectStatusId=&LicenseeInfo.GeneralLicenseeName=XM&AppoInfo.Appo.NameUnited= #### Evidence category One result: XM GLOBAL LIMITED; 8557558; Active; principal trading and arranging securities; domains www.xm.com/www.xmglobal.com. #### source date UI registration timestamp displayed 31/12/2024 07:00 PM; time zone not stated. Live checked 2026-10-12. #### Source access note Direct official interactive browser search succeeded. Text-only browser returned empty JS page; old website route returned 403.