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العربية

XM vs FBS for residents of Saudi Arabia

This is a filter, not a ranking or a recommendation: lists are ordered by regulatory profile, then alphabetically. We have not verified that any broker shown accepts residents of Saudi Arabia.

Saudi Arabia’s financial authorities are the Capital Market Authority (CMA) and the Saudi Central Bank (SAMA). Check the company that signs your agreement against their lists of licensed entities, and ask your bank and the broker which funding routes work for Saudi residents, because SAMA also sets rules on how banks handle transfers to foreign financial firms.

Side by side

XM
FBS
Type
XMCFD / forex broker
FBSCFD / forex broker
Regulation
XMCySEC, DFSA, UAE SCA, FSCA, Kenya CMA, plus Mauritius, Belize and Seychelles
FBSASIC (FBS Oceania), CySEC (Tradestone), Belize FSC 4077102 (FBS Markets Inc.)
Protection profile
XMMixed
FBSMixed
Compensation scheme
XMEU clients: up to €20,000; offshore XM Global: none
FBSNone for Belize entity
Minimum deposit
XMNot stated; low
FBSDepends on entity and account (Standard from about $100)
Islamic / swap-free
XMSwap-free Islamic accounts available; terms not described
FBSIslamic account listed as available
Inactivity fee
XM$10/month after 90 days
FBSNone reported
Platforms
XMMT4, MT5, own platform
FBSMT4, MT5, own app

Highlighted rows differ between the two brokers.

Differences that matter

  • Inactivity fee: FBS lists none, while XM lists one or sources differ.

What to check on each

  • XM: Gulf clients are often placed with XM Global; complaints about cancelled profits and ‘linked accounts’.
  • FBS: Gulf clients are served by the Belize company.

Before you choose

Ask the broker which company would hold your account, whether it has any contract with a licensed Saudi bank or exchanger, and which funding routes it supports for Saudi residents. Get the answers in writing before you transfer money. We have not checked whether either one accepts residents of Saudi Arabia.

All lists and comparisons for Saudi Arabia

CFDs and leveraged products carry a high risk of losing your money quickly. This page is information, not legal, financial or religious advice, and it is based on published sources up to October 2026. Rules and warning lists change: check the regulator’s own site before you deposit.

Sources: regulator websites for Saudi Arabia; our broker catalog, compiled from published reviews and regulator registers (October 2026).