XM - What's now?
XM has updated the maximum leverage to 1:1000 in June 2022.
Leverage 1:1000 does not apply to client registered under the EU regulated entity of the Group. The maximum leverage for Trading Point of Financial Instruments is 30:1.
XM’s maximum Leverage is 1:1000.
Although the leverage is available for many areas of traders, some traders cannot benefit from the high leverage depends on the country they reside in.
As an example, one of XM’s website which is operated by “Trading Point of Financial Instruments UK Limited” shows that the maximum leverage available is only 1:500.
It is due to regulatory reason, as the XM UK is regulated and licensed by UK FCA.
Thus, the traders who register under the XM entity from UK, can have maximum leverage of only 1:500, but not 1:1000.
XM group has many companies all over the world such as in England and Wales, Seychelles, Cyprus and Australia.
Please note that each entity is regulated by different financial authority, and may have different service conditions for traders.
For the difference of each entity, you may inquire to XM support team for more information.