Is XM regulated?
Yes, XM holds 5 regulatory licences in our records, with 3 of its 5 licence records read first-hand on the regulators' own registers (last read 2026-08-22). That includes tier-1 oversight from ASIC. Regulation is entity-specific: your protections depend on which XM legal entity onboards you, not on the brand.
Last updated August 2026·Licence statuses reflect our most recent read of each register; regulators update registers daily — verify current terms with the broker before you deposit.·How we score
Every licence, with what we found on the register
We mark a licence verified only after reading it on the regulator's own register or in a regulator-authored publication. Everything else stays visibly open.
| Legal entity | Regulator | Licence | Our check | Register |
|---|---|---|---|---|
| TPXMGLOBAL Kenya Limited | CMA | 233 | Verified on register checked 2026-08-22 | Source |
| Trading Point of Financial Instruments Pty Ltd | ASIC Australia · Tier 1 | 443670 | Pending — verify checked 2026-08-18 | Source |
| Trading Point of Financial Instruments Ltd | CySEC Cyprus · Tier 2 | 120/10 | Verified on register checked 2026-06-19 | Source |
| Trading Point MENA Limited | DFSA Dubai · Tier 2 | F003484 | Verified on register checked 2026-06-19 | Source |
| XM Global Limited | FSC Belize · Offshore | 000261 | Pending — verify checked 2026-08-18 | Source |
Notes from our checks
- CMA 233: Read first-hand on the CMA Kenya licensees register 2026-08-22: licence No. 233 held by TPXMGLOBAL Kenya Limited.
- ASIC 443670: ASIC's own 15-233MR (read first-hand) confirms the entity was licensed in Dec 2013; the 443670 number itself has not yet been read in a primary source. NOTE (2026-08-22): this entity is absent from ASIC Report 828's Appendix 1 list of active retail CFD issuers (Jan 2026), unlike most peers — it may not currently issue retail CFDs in Australia under this AFSL. Do not present XM as ASIC-regulated for Australian retail clients without re-checking. Live register blocked.
- DFSA F003484: F003484 is XM's (not XTB's).
- FSC 000261: XM Global Limited read first-hand as Active on the FSC Belize register (reg. period Jan–Dec 2026); the register publishes no licence-number field, so 000261 remains broker-stated (annual suffix dropped).
Which XM entity would onboard you?
The brand is not the counterparty. The legal entity on your client agreement sets your regulator, compensation cover, leverage cap and terms.
| Legal entity | Regulator | Typically onboards | Compensation | Leverage |
|---|---|---|---|---|
| TPXMGLOBAL Kenya Limited Kenya | CMA (Kenya) (Tier 2) | KE | None identified | See terms |
| Trading Point of Financial Instruments Ltd Cyprus (EU/EEA) | CySEC (Tier 2) | IE, DE, FR, ES, IT, NL, BE, AT, PT, PL, SE, DK, FI, GR, CZ, HU, RO, BG, HR, SK, SI, EE, LV, LT, LU, MT, CY, IS, LI, NO | ICF — up to €20,000 if the firm fails (not for trading losses) | Retail CFD leverage capped at 30:1 (ESMA rules). |
| Trading.com Markets Pty Ltd Australia | ASIC (Tier 1) | AU | None identified | Retail CFD leverage capped at 30:1 (ASIC rules). |
| Trading Point MENA Limited United Arab Emirates (DIFC) | DFSA (Tier 2) | AE | None identified | See terms |
| XM Global Limited Belize | FSC Belize (Offshore) | Most other countries (rest-of-world default) | No compensation scheme. | Higher leverage available; weaker investor protection than tier-1 entities. |
Resolve the likely entity for your country with the entity checker, then confirm the entity named on your client agreement before you deposit.
What the licences actually give you
Three protections worth checking by name. Any of them can be missing even when a broker is licensed somewhere.
| Compensation scheme | ICF up to €20,000 (CySEC clients) |
| Segregated client fundsSegregated fundsClient money held in bank accounts kept separate from the broker's own funds, so it isn't used to run the business and is easier to return if the firm fails. | Yes, per the broker's disclosures |
| Negative-balance protectionNegative-balance protectionA safeguard that stops your account going below zero, so you can't end up owing the broker more than you deposited. Mandatory for retail clients in some regions. | Yes, for retail clients where the regulator requires it |
| UK entity (retail) | 30:1 |
| EU entity (retail) | 30:1 |
| Australian entity (retail) | 30:1 |
| South African entity | 1000:1 |
| International / offshore entity | 1000:1 |
Verify these licences in five minutes
Never take a licence claim from a broker page, or from us, without reading the register.
- 1. Note the exact legal entity and licence number from the table above, or from the client agreement you would sign.
- 2.Open the regulator's own register from the links below, never from a link the broker hands you, and search that number.
- 3. Match the entity name and number exactly, check the status is active or authorised, and look for a clone-firm warning naming the brand.
XM regulation: common questions
Is XM regulated?
Yes, XM holds 5 regulatory licences in our records, with 3 of its 5 licence records read first-hand on the regulators' own registers (last read 2026-08-22). That includes tier-1 oversight from ASIC. Regulation is entity-specific: your protections depend on which XM legal entity onboards you, not on the brand.
Is XM regulated by the FCA?
No. None of the XM entities in our records holds an FCA authorisation. UK residents should treat any FCA claim for this brand as unverified until they find the exact legal entity on the FCA register themselves.
Is XM regulated by ASIC?
Yes. Trading Point of Financial Instruments Pty Ltd holds ASIC licence 443670 (Australia, tier-1). Our check: pending a register read, last read 2026-08-18.
Is XM regulated by CySEC?
Yes. Trading Point of Financial Instruments Ltd holds CySEC licence 120/10 (Cyprus, tier-2). Our check: verified on the register, last read 2026-06-19.
Is XM regulated by DFSA?
Yes. Trading Point MENA Limited holds DFSA licence F003484 (Dubai, tier-2). Our check: verified on the register, last read 2026-06-19.
Is XM regulated by FSC?
Yes. XM Global Limited holds FSC licence 000261 (Belize, offshore). Our check: pending a register read, last read 2026-08-18.
Which XM entity would I be onboarded by?
XM onboards clients through 5 legal entities in our map (Kenya, Cyprus (EU/EEA), Australia, United Arab Emirates (DIFC) and Belize). Which one applies depends on your country of residence and is named on your client agreement at signup. Use the entity checker to see the likely match for your country, then confirm it on the agreement before depositing.
Does XM have investor compensation?
ICF up to €20,000 (CySEC clients). Compensation schemes pay out only if the firm itself fails and cannot return client money; they never cover trading losses, and they apply only to clients of the specific licensed entity, not to every XM client worldwide.
Has the FCA published a warning naming XM?
Not in the warnings we hold (FCA clone-firm and unauthorised-firm warnings from mid-2026 onwards, refreshed weekly). Absence is not clearance: search the FCA warning list for the brand and any name a caller gives you.
Has XM been fined or warned by a regulator?
We hold no sourced regulator action for XM as of 2026-08-22. Absence from our log is not a clean bill: check the enforcement and warning pages of each regulator named above before depositing.
Next step
The full research file on XM covers real costs and withdrawal friction alongside this regulation evidence, or compare it with alternatives available in your country.
Related
- XM review
- XM fees and charges: what XM's own documents show
- XM Inactivity Fee Explained
- XM withdrawal fees: what the documents say
- How to verify a broker licence yourself
- How to read a regulator register entry
- Broker brand vs legal entity: who holds your money
- FSCS, ICF and broker compensation schemes explained
Informational research only, not financial advice. Regulatory status changes; verify directly on the official registers before depositing. Being licensed is not the same as being suitable for you, and no licence protects against trading losses.