DMM FX vs XM for gold trading
Across the 22 countries we cover, DMM FX scores higher in 1 and XM in 19. In 2, they are tied or neither is available. The winner depends on where you live, because each broker opens your account with a different company in each country.
Score by country
| If you live in | DMM FX | XM |
|---|---|---|
| Other countries | Not accepted | 40 · FSC |
| United States | Not accepted | Not accepted |
| United Kingdom | Not accepted | Not accepted |
| EU / EEA | Not accepted | 74 · CySEC |
| Australia | Not accepted | 79 · ASIC |
| Canada | Not accepted | 40 · FSC |
| Singapore | Not accepted | 40 · FSC |
| Malaysia | Not accepted | 40 · FSC |
| Indonesia | Not accepted | 40 · FSC |
| Thailand | Not accepted | 40 · FSC |
| Vietnam | Not accepted | 40 · FSC |
| Philippines | Not accepted | 40 · FSC |
| India | Not accepted | 40 · FSC |
| Japan | 57 · JFSA | 40 · FSC |
| Hong Kong | Not accepted | 40 · FSC |
| UAE | Not accepted | 59 · DFSA |
| South Africa | Not accepted | 40 · FSC |
| Kenya | Not accepted | 40 · FSC |
| Nigeria | Not accepted | 40 · FSC |
| South Korea | Not accepted | 40 · FSC |
| Turkey | Not accepted | 40 · FSC |
| Mongolia | Not accepted | 40 · FSC |
| Brazil | Not accepted | 40 · FSC |
Side by side
| Founded | 2006 | 2009 |
|---|---|---|
| Headquarters | Tokyo, Japan | Limassol, Cyprus |
| Listed parent | No | No |
| Regulators | JFSA | CySEC, ASIC, DFSA, FSC |
| Platforms | Own | MT4, MT5, Own |
| Minimum gold order | 0.1 | 0.01 |
| Swap-free account | No | Yes |
| Protection you actually get | Not measured yet | 30 |
| Gold trading cost | Not measured yet | Not measured yet |
| Execution under stress | Not measured yet | Not measured yet |
| Money in and out | Not measured yet | Not measured yet |
| Platforms and gold conditions | Not measured yet | 75 |
Choose DMM FX if…
- Retail clients can be served by Tier 1 regulated companies (JFSA).
- 20 years in business.
Watch out for
- Licence details come from the broker’s own pages; our register check is not finished.
- Only accepts clients in the countries where it holds a local licence.
- Does not accept residents of 21 of the 22 countries we cover.
Choose XM if…
- Retail clients can be served by Tier 1 regulated companies (ASIC).
- In 3 of the 22 countries we cover, your account would sit with a Tier 1–2 regulated company.
- Offers both MT4 and MT5.
- Swap-free account available.
Watch out for
- Licence details come from the broker’s own pages; our register check is not finished.
- Clients outside its licensed countries are onboarded to XM Global Ltd (FSC), a light offshore regulator.
Questions
Is DMM FX or XM better for gold trading?
Across the 22 countries we cover, DMM FX scores higher in 1 and XM in 19. In 2, they are tied or neither is available. The winner depends on where you live, because each broker opens your account with a different company in each country.
Which is safer, DMM FX or XM?
In countries without a local licence, DMM FX does not accept clients. In countries without a local licence, XM uses XM Global Ltd (FSC). In licensed countries, check the table: the company that holds your money decides your protection.
Do DMM FX and XM both offer MT5?
DMM FX: no. XM: yes.
See also
Profiles
Other comparisons
Data checked: November 2026 · CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Ratings are our opinion, based on the data and rules described in the methodology. They are not investment advice.