XM
Best Forex Broker Award 2026 — Rank #10
Last verified: April 2026
Why XM won
XM earned the #10 slot in our 2026 EU broker rankings with an overall score of 8.7/10. That score is the composite of eight individually weighted dimensions — fees, platforms, regulation, execution, support, education, instruments, and raw execution quality — and XM scored consistently above 8.0 on the majority of them.
Where XM pulled ahead of its peers was on education (9.5/10) and support (9.2/10). On the first dimension, the education library is genuinely useful for new traders. On the second, the support team handled our test tickets with above-average speed. These are the two areas that we believe justify the award.
From a safety perspective, XM is regulated by CySEC, ASIC, IFSC and operates under the full ESMA framework for EU retail clients. Client funds are segregated at top-tier banks, negative balance protection applies to every retail account, and the compensation scheme is ICF up to EUR 20,000. This is the baseline we look for before a broker can even be considered for an award — XM clears it comfortably.
XM is ideal for beginner EU traders, offering a $5 minimum deposit, award-winning education, multilingual support in 30+ languages, and CySEC regulation. The combination of credible regulation, strong execution quality, and a proven track record since 2009 is why XM earns a spot on the 2026 list alongside the nine other EU brokers we recognise this year.
Categories won
Additional recognition beyond the overall top-10 ranking.
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Full score breakdown
Overall
8.7/10
Fees
8.2/10
Platforms
8.0/10
Regulation
9.0/10
Execution
8.3/10
Support
9.2/10
Education
9.5/10
Instruments
8.5/10
Read the full XM review
Deep-dive analysis of fees, platforms, execution, and EU regulatory status.
Other 2026 Award Winners
CFD Risk Warning
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
This website is for informational purposes only. The content does not constitute investment advice. Trading leveraged products carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. EU retail leverage limits apply (ESMA): up to 30:1 on major FX pairs, 20:1 on minor FX, 20:1 on major indices, 10:1 on commodities, 5:1 on equities, 2:1 on crypto.