Is XM licenced (or authorised) and regulated? | XM (2024)

FAQs

Is XM licenced (or authorised) and regulated? | XM? ›

XM has top-tier regulation

Yes, XM is licenced or authorised by regulatory bodies in the regions in which we operate.

XM is a global forex and CFD broker that has been operating in South Africa since 2009. The company is regulated by the FSCA and holds the necessary licenses to offer its services to South African clients.

Yes, we are a regulated broker trusted by millions of traders globally, and we have several measures in place to ensure the safety of your funds.

If you're a new client, you can upload your documents for verification (i.e. Proof of Identity and Proof of Residence) via the Members Area.

XM is a reliable industry player that has not been involved in any major scandals. Having been on the market for a long time or being listed on an exchange are also signs that the broker is a legit entity.

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Start with your broker's website: A legitimate broker should transparently display its regulatory status on its website. This includes the names of regulators overseeing its operations and license number(s). This data is typically found at the bottom of the broker's website.

Trading Point Holdings Ltd., a private limited company incorporated in Cyprus, is the owner of XM.

XM IS NOT REGISTERED as a Corporation in the Philippines and OPERATES WITHOUT THE NECESSARY LICENSE AND/OR AUTHORITY.

Does XM broker allow scalping? ›

Yes, we allow scalping across any of our account types.

XM. XM does not provide services to residents of the United States of America.

As a Cyprus-based company, XM Broker is subject to the regulatory oversight of the Cyprus Securities and Exchange Commission (CySEC). CySEC is responsible for ensuring that XM Broker adheres to strict financial and operational standards, as well as protecting the interests of its clients.

XM is a global financial services provider offering a wide range of trading instruments, including Forex, Commodities, Indices, and Stocks. As a reputable and well-established broker, XM's operations are subject to stringent regulatory oversight to ensure the protection of its clients' interests.

Our brokerage experts have determined that XM is a fully regulated broker, overseen in Cyprus, Australia, Belize, United Arab Emirates. We gathered all the information on the regulatory profile of XM and will explain why this matters.

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This is where the partnership between XM and Capitec Bank comes in. XM, a global leader in online trading, has joined forces with Capitec Bank, one of South Africa's largest retail banks, to provide traders with a seamless and hassle-free payment solution.

XM. XM does not provide services to residents of the United States of America.