Recalculated 2026-11-02 · Established 2009 · XM Global Limited
XM — Kenya
XM is rated 2.64 out of 5 by our formula (Rank #25 of 36) for traders in Kenya: round turn 17 USD, residents accepted — Yes.
Suits you if you can open with 5 USD · it takes residents of Kenya · a swap-free account is available
Look elsewhere if the round turn is 17 USD against a 7 USD median here
Key facts (8)
- Who actually onboards you
- XM Global Limited
- Licence number
- not stated
- Established
- 2009group
- Min deposit, USD
- 5 USDgeo
- Platforms
- MT4 · MT5 · XM app
- Local funding
- M-Pesa deposits and withdrawals supported (insta
- Max leverage
- —
- EURUSD
- 1.0 pipsgeo
Accounts (2)
2 of 2 accounts with a published cost per lot
2 of 2 shown
Click a column heading to sort. Figures are list terms, no promo codes.
This broker against the Kenya middle (37 of 56)
| XM | Kenya median | |
|---|---|---|
| Round turn, USD | 17.0 USD | 7.0 USD |
| Min deposit, USD | 5 USDgeo | 25.0 USD |
| Max leverage | — | 500.0geo |
| Withdrawal, h | 24 hours on business daysgroup | 48.0 h |
| EURUSD, standard | 1.0 pipsgeo | 1.0 pips |
| EURUSD, raw | 0.0 pips | 0.0 pips |
| Established | 2009group | 2009.0 |
| Platforms | 3 | 3.0 |
Licensed in Kenya
Now locally CMA-regulated per recent reports (local oversight and dispute resolution); previously offshore Belize FSC only.
28 of 56 brokers in our base hold a licence issued in Kenya. That is a fact about the market, not about XM.
- Who actually onboards you
- XM Global Limited
- Licence number
- —
- Local licence
- yes
- Checked
- 2026-07-09
Score (6/6 axes)
A weighted average of the axes below. Each axis is measured on the same scale as the score itself, and carries the weight shown beside it.
Check:25.0% × 0.25+ 20.0% × 2.00+ 20.0% × 4.50+ 15.0% × 4.00+ 10.0% × 4.25+ 10.0% × 2.50= 2.64
Ranked against brokers measured on every axis
Licence check
- Licence number
- —
- Checked
- 2026-07-09
Who actually onboards you
XM Global Limited
Locally licensed entity
Kenyan clients are served locally via XM's CMA-licensed entity (reported Feb 2026, xm.ke); some clients still onboarded under offshore XM Global Limited (Belize FSC).
What one lot actually costs in Kenya (37 of 56)
standard
Account types and entry terms
Micro, Standard, Ultra Low (Standard/Micro), Zero, and Shares accounts; min deposit from USD 5 (Shares much higher).
How long a withdrawal takes
Platforms and markets (3)
MT4 · MT5 · XM app
1000+ instruments: 55+ forex pairs, stock indices, metals/energies/commodity CFDs and share CFDs; crypto CFDs vary by entity.
The public rating
aggregated score of 3.1/5
Upsides and the things that are missing
Pros (3)
- Licensed locally: register entry
- Swap-free account available
- Withdrawal published at 24 hours on business days
Cons (1)
- Round turn 17.0 USD against a Kenya median of 7.0
Where else a Kenya resident can go (6)
Where it does not serve
United States of America, Canada, Israel, Islamic Republic of Iran
Methodology
the weighted mean of six axes, each on the same 0–5 scale · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%
Sources (4)
4 sources, read on 2026-07-09. Ordered by weight of evidence: regulator registers first, then the broker's own documents, review platforms and aggregators.
- Regulator registers
- 1cma.or.kecma.or.ke · domainRegister
- Aggregators and directories
- 2xm.kexm.ke · domainAggregator
- 3xm.com/regulationxm.com · pageAggregator
- 4wealthykenyans.co.kewealthykenyans.co.ke · domainAggregator
FAQ (5)
Does XM accept residents of Kenya?
Yes.
Which entity onboards a Kenya client of XM?
XM Global Limited
What licence does XM hold for Kenya?
No licence number is published for this country.
What does one EURUSD lot cost at XM?
17.0 USD per round turn against a Kenya median of 7.0 USD, measured on 37 of 56 brokers.
How long does a withdrawal from XM take?
XM publishes 24 hours on business days. Their own wording: “Withdrawals are processed within 24 hours on business days.”.