Broker profile
XM broker profile
Trading Point group brand, licensed in Cyprus since 2010 and in Belize for international clients
- Top-tier regulators
- ASIC, CySEC
- Founded
- 2009
- Headquarters
- —
- Retail CFD accounts losing money
- Not published
About XM
XM is the brand of the Trading Point group, founded in 2009. In Europe it operates through Trading Point of Financial Instruments Ltd, which has held a Cyprus Securities and Exchange Commission licence since August 2010 under number 120/10. Trading Point of Financial Instruments Pty Ltd holds Australian Financial Services Licence 443670, and XM Global Limited, which serves clients in many other countries, is licensed by the Financial Services Commission of Belize under 000261/397.
XM is best known for MetaTrader 4 and MetaTrader 5 accounts. Because most international clients are onboarded by the Belize company, the protections that apply to you, such as leverage limits and compensation schemes, depend heavily on where you live.
Strengths
- Cypriot company licensed by CySEC since 2010 (checked on the CySEC register)
- MetaTrader 4 and MetaTrader 5 accounts
- Group also holds an Australian licence
Worth checking
- Most clients outside the EU and Australia are served by the Belize-licensed company
- Belize regulation offers fewer protections than CySEC or ASIC
- No retail loss rate for the international company in the sources FTC checked
Regulation and legal entities
| Regulator | Company and licence | Tier | Status |
|---|---|---|---|
| ASIC Australian Securities & Investments Commission · Australia | Trading Point of Financial Instruments Pty Ltd AFSL 443670 | 1 | Listed by broker |
| CySEC Cyprus Securities and Exchange Commission · Cyprus (EU) | Trading Point of Financial Instruments Ltd 120/10 | 1 | Checked on register |
| FSC (BZ) Financial Services Commission · Belize | XM Global Limited 000261/397 | 3 | Listed by broker |
Accounts and platforms
- Platforms
- MetaTrader 4, MetaTrader 5
- Account types
- —
- Minimum deposit
- Varies by company and payment method
- Commission
- —
Sources
XM: common questions
Is XM regulated?
Yes. Trading Point of Financial Instruments Ltd is licensed by CySEC (120/10), Trading Point of Financial Instruments Pty Ltd holds ASIC licence 443670, and XM Global Limited is licensed by the Financial Services Commission of Belize (000261/397).
Which XM company will I trade with?
Clients in the European Economic Area are generally served by the CySEC-licensed company. Many clients elsewhere are onboarded by XM Global Limited in Belize, which has lighter rules and fewer protections. Check the company named in your client agreement.
What platforms does XM use?
XM offers MetaTrader 4 and MetaTrader 5.
Member experiences
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