Interactive Brokers
Global BrokerAccepts Panama
9.1
Excellent
- Min. deposit
- $0
- EUR/USD spread
- 0.1 pip
- Regulation
- SEC, FINRA
- Real stocks
- MetaTrader
- Spanish support
Forex & CFDAccepts Panama residents
XM in Panama: 2026 review
Over 5 million clients in 196 countries, 24/5 support in English
Verified Apr 28, 2026· source: official broker site
Revisa24 score
8.0/10
Very Good
Minimum deposit
$5
EUR/USD spread
0.6 pip
In short
8.0
The most accessible broker: $5 minimum deposit, 24/5 support. $30 no-deposit welcome bonus for new Latin American clients.
Key facts
Conditions published by the broker, checked on its official site.
| Fact | Value |
|---|---|
| Regulation | CySECASICFSCDFSA |
| Headquarters | Limassol, Chipre |
| Founded | 2009 |
| Minimum deposit | $5 |
| EUR/USD spread | 0.6 pip EUR/USD |
| Leverage | 1:888 |
| Fees from | 0.6 pip EUR/USD |
| Real shares | No, CFDs only |
| Platforms | MetaTrader 4, MetaTrader 5, XM WebTrader, XM App |
| Products | Forex (55+ pairs), Stock CFDs, Indices, Commodities, Cryptocurrencies, Metals |
| Official site | www.xm.com |
- Regulation
- Value
- CySECASICFSCDFSA
- Headquarters
- Value
- Limassol, Chipre
- Founded
- Value
- 2009
- Minimum deposit
- Value
- $5
- EUR/USD spread
- Value
- 0.6 pip EUR/USD
- Leverage
- Value
- 1:888
- Fees from
- Value
- 0.6 pip EUR/USD
- Real shares
- Value
- No, CFDs only
- Platforms
- Value
- MetaTrader 4, MetaTrader 5, XM WebTrader, XM App
- Products
- Value
- Forex (55+ pairs), Stock CFDs, Indices, Commodities, Cryptocurrencies, Metals
- Official site
- Value
- www.xm.com
Verified Apr 28, 2026· source: official broker site
Pros
- $5 minimum deposit, lowest in the market
- 24/5 support in Spanish via chat, email and phone
- No commission on deposits/withdrawals (XM absorbs costs)
- $30 no-deposit bonus for LATAM clients
- MetaTrader 4 and 5 available
- Execution with no requotes and no hidden stop-outs
Cons
- Mid-tier regulation (CySEC, not SEC/FCA)
- Higher spreads in standard account than premium brokers
- CFDs only, you don't buy real stocks
- High leverage (1:888) is risky for inexperienced traders
Who it is for
- Best for
- Beginner and intermediate forex traders, users wanting Spanish-language support
- Not recommended if
- Long-term stock investors, focused on speculative CFDs/forex
Risk warning
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. Consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This is not investment advice.
Ready to open an account at XM?
You open the account on the broker's official site. Before depositing, check which regulatory entity your account is opened under: the compensation fund depends on it.
Alternatives worth a look
The three highest-scored brokers besides this one.
Capital.com
CFD & InvestingAccepts Panama
8.6
Excellent
- Min. deposit
- $20
- EUR/USD spread
- 0.6 pip
- Regulation
- FCA, CySEC
- Real stocks
- MetaTrader
- Spanish support
eToro
Social TradingAccepts Panama
8.3
Very Good
- Min. deposit
- $50
- EUR/USD spread
- 1.0 pip
- Regulation
- FCA, CySEC
- Real stocks
- MetaTrader
- Spanish support
Frequently asked questions about XM
Is it safe to trade with XM from Panama?
XM is regulated by CySEC, ASIC, FSC, DFSA and keeps client funds in segregated accounts. Whether a compensation fund applies depends on the entity your account is opened under (FSCS for FCA, ICF for CySEC, SIPC for US entities).
What is the minimum deposit at XM?
The minimum deposit at XM is $5.
Does XM offer real shares?
No. XM offers CFDs on shares, indices and forex: leveraged contracts without ownership of the underlying asset.
Do I pay tax in Panama on profits with XM?
Not on foreign-source gains: Panama's territorial system (Art. 694 of the Fiscal Code) leaves income earned on foreign markets outside ISR. US dividends still carry 30% US withholding at source. Ask a tax adviser about your case.