PreviewPreliminary data. Licences were checked on 2026-11-05. Anything we could not confirm on a regulator’s own register is marked “Verification pending”. User ratings have not started. Tier groupings are illustrative.
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Regulated

XM

Website xm.com Founded 2009

XM is operated by Trading Point group entities including Trading Point of Financial Instruments Ltd (CySEC 120/10), Trading Point MENA Limited (DFSA F003484), XM ZA (Pty) Ltd (FSCA FSP 49976), XM International MU Limited (FSC Mauritius GB23202700), XM (SC) Limited (FSA Seychelles SD190) and XM Global Limited (FSC Belize 8557558).

Licences last checked 2026-11-05
User rating
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No reviews yet
9.0
Trust Score
High · 9.00 /10
Formula v1 · Regulation only, so far

Is XM regulated?

Yes, but only by Tier-2 regulators (CySEC, DFSA, FSCA, FSC (MU), FSA (SC)). Client protection under these licences is usually weaker than under Tier-1 rules. 1 more licence listed by the broker is still being verified.

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Licences

Checked against each regulator’s public register.
Legal entityRegulatorLicence no.Licence typeStatusVerifiedSource
Trading Point of Financial Instruments Ltd
Cyprus
 CySECT2
Cyprus Securities and Exchange Commission
 120/10 Cyprus Investment Firm licence Active ✓ 2026-11-05 Register ↗
Trading Point MENA Limited
United Arab Emirates
 DFSAT2
Dubai Financial Services Authority
 F003484 DFSA Authorised Firm licence Active ✓ 2026-11-05 Register ↗
XM ZA (Pty) Ltd
South Africa
 FSCAT2
Financial Sector Conduct Authority
 49976 Financial Services Provider (FSP) authorisation Active ✓ 2026-11-05 Register ↗
XM International MU Limited
Mauritius
 FSC (MU)T3
Financial Services Commission
 GB23202700 Investment Dealer (Full Service Dealer excluding Underwriting) Active ✓ 2026-11-05 Register ↗
XM (SC) Limited
Seychelles
 FSA (SC)T3
Financial Services Authority
 SD190 Securities Dealer licence Active ✓ 2026-11-05 Register ↗
XM Global Limited
Belize
 FSC (BZ)T3
Financial Services Commission
 8557558 Securities Industry Act 2021 licence Verification pending Not yet Source ↗

Score breakdown

Formula v1
Preliminary score: only regulation strength has been assessed, so the score shown is that part alone, out of 10. The other four parts are added in the next research phase.
Regulation strengthweight 45%
9.0 /10
Best active licence tier, plus 0.5 for each extra active licence.
Transparencyweight 20%
Not assessed yet
Five disclosure checks, 2 points each: legal entity named, licence numbers shown, physical address, client agreement and execution policy published, full fee schedule.
Client protectionweight 15%
Not assessed yet
Segregated funds 4, negative balance protection 3, compensation scheme 3.
Risk signalsweight 10%
Not assessed yet
Starts at 10. Minus 4 per regulator warning and 0.5 per unresolved complaint (up to 4).
Track recordweight 10%
Not assessed yet
One point per year since the first licence, up to 10.

Regulator warnings and clone alerts

No regulator warnings are linked to this broker.

Trading conditions

Minimum deposit
Not checked yet
Maximum leverage
Not checked yet
Platforms
Not checked yet
Instruments
Not checked yet
Segregated client funds
Not checked yet
Negative balance protection
Not checked yet
Compensation scheme
Not checked yet
Transparency
Not checked yet