XM Regulation All 6 Licences, Entities by Country & What Client Protections Actually Apply to You
XM holds 6 regulatory licences across major jurisdictions — CySEC (EU), ASIC (Australia), DFSA (Dubai), SCA (UAE), FSCA (South Africa), and IFSC (Belize). This guide explains which entity covers your country, what protections you have, and how XM's regulatory structure compares to competitors.
All regulatory information verified May 2026 · Licence numbers publicly verifiable on each regulator's website
XM's 6 Regulatory Licences — Full List
XM operates through multiple legal entities, each holding regulatory licences in different jurisdictions. The strength of protection you receive depends on which entity your account is opened under — typically determined by your country of residence.
💡 How to Verify XM's Licences Yourself
All regulatory licences are publicly verifiable: CySEC register at cysec.gov.cy → Regulated Entities → Trading Point. ASIC register at moneysmart.gov.au → Check your financial adviser (licence 443670). DFSA register at dfsa.ae → Regulated Entities → Trading Point MENA. If you want to confirm a broker's regulatory status independently, always check the regulator's own public register — not the broker's website alone.
Which XM Entity Covers Your Country?
Your account is automatically assigned to the appropriate XM entity based on your country of residence during registration. This determines your leverage limits, available instruments, and what regulatory protections apply.
| Region / Country | XM Entity | Regulator | Max Leverage | Fund Protection |
|---|---|---|---|---|
| EU / EEA Countries | Trading Point of Financial Instruments Ltd | CySEC (EU) | 1:30 major forex | ICF up to €20,000 |
| Australia | Trading Point of Financial Instruments Pty | ASIC | 1:30 major forex | AFCA dispute resolution |
| UAE / Middle East | Trading Point MENA Ltd | DFSA / SCA | 1:30 (DFSA) | DFSA client money rules |
| South Africa | XM South Africa | FSCA | 1:500 | FSCA protection |
| Indonesia, Malaysia, Thailand, Vietnam, Global | XM Global Ltd | IFSC (Belize) | Up to 1:1000 | IFSC (limited) |
⚠ For Indonesian & Malaysian Traders
Traders from Indonesia and Malaysia are onboarded under XM Global Ltd (IFSC Belize entity). The IFSC is a legitimate offshore regulator but provides significantly less client protection than CySEC or ASIC — there is no investor compensation fund equivalent to the EU's €20,000 ICF coverage. The trade-off: IFSC entity allows leverage up to 1:1000 and is not subject to ESMA restrictions. This is standard for international brokers in Southeast Asia — most regulated international brokers operate under offshore entities for this region.
XM Client Protections — What They Mean in Practice
XM holds all client deposits in segregated bank accounts completely separate from the company's own operating funds. In the event of XM's insolvency, your funds cannot be used to pay company creditors. This applies across all entities.
If your account goes negative due to extreme market events — such as the 2015 CHF flash crash — XM resets your balance to zero at no cost to you. You can never lose more than your deposit. Applies to all retail accounts across all entities.
EU CySEC clients are covered by the Investor Compensation Fund (ICF) up to €20,000 per client in the event XM cannot return funds. This is a regulatory safety net — not required to be claimed normally as segregated funds are protected separately.
Australian ASIC clients have access to AFCA (Australian Financial Complaints Authority) for independent dispute resolution. EU clients can escalate to CySEC or the Financial Ombudsman. All clients can contact XM's compliance department directly.
XM's regulatory track record
XM has been operating as a regulated broker since 2009 — over 15 years. In that time, XM has not faced major regulatory sanctions from CySEC, ASIC, or DFSA, and there have been no reported incidents of client fund misappropriation. The company processes hundreds of thousands of withdrawals annually, with our own tested withdrawal experience showing consistent processing within 24 business hours since 2022.
XM Regulation vs Competitors
| Broker | Key Licences | Operating Since | ICF / FSCS |
|---|---|---|---|
| XM | CySEC, ASIC, DFSA, SCA, FSCA, IFSC | 2009 (15+ yrs) | ICF (EU clients) |
| Exness | FCA, CySEC, FSA, FSCA, FSC, CBCS | 2008 (16+ yrs) | FSCS (UK clients) |
| IC Markets | ASIC, CySEC, FSA Seychelles | 2007 (17+ yrs) | ICF (EU clients) |
| Pepperstone | FCA, ASIC, CySEC, DFSA, CMA, BaFin | 2010 (14+ yrs) | FSCS (UK) + ICF (EU) |
All four brokers are similarly well-regulated with 14+ years of operation and multiple Tier-1 licences. XM's regulatory profile is broadly comparable to its main competitors. No single broker has a clear regulatory superiority — all maintain segregated funds and negative balance protection as standard. For an in-depth broker comparison see our XM vs Exness and XM vs IC Markets pages.
Frequently Asked Questions — XM Regulation
Open XM Account — Fully Regulated
CySEC, ASIC, and DFSA regulated. Client funds segregated. Negative balance protection on all accounts. Operating since 2009.
6 regulatory licences · 15+ years operating · Segregated funds · Negative balance protection