ForexShort answer: Partly. XM's EU company is licensed by CySEC, but most clients outside the EU join its global company, licensed by the FSC in Belize, an offshore regulator. In March 2024 the Philippine SEC said XM is not authorised to offer securities to the public in the Philippines.
XM regulators and what they mean for you
| Regulator | Country | What it means for retail clients |
|---|---|---|
| CySEC | EU (Cyprus) | EU MiFID rules. Retail leverage capped at 30:1 on majors, negative balance protection, investor compensation fund up to €20,000. |
| FSC | Belize | Offshore. Higher leverage allowed and fewer protections; no compensation scheme comparable to the UK or EU. |
Protections apply only if your account is with the company that regulator licenses. Leverage caps and compensation limits are the general rules for each regulator, not a statement about XM's specific terms.
Which XM company would hold your account?
Brokers like XM run several companies under one brand. Where you live decides which one opens your account, and only that company's regulator protects you. Before you deposit:
- Find the company name in the client agreement or account-opening terms.
- Look it up on that regulator's own register, not a link from the broker's site.
- Check the website address and contact details on the register match the site you are using, to avoid clone firms.
Our legal entity guide walks through it step by step.
XM at a glance
| Minimum deposit | $5 (Standard and Ultra Low) |
| EUR/USD pricing | From 0.8 pips |
| Platforms | MT4, MT5, XM app |
| US retail forex clients | No |
FAQ
Is XM safe?
XM is regulated, but safety depends on the company that holds your account. Its CySEC-licensed EU company follows EU retail rules; its Belize company, which most clients outside the EU join, offers fewer protections.
Which XM company will I join?
It depends on where you live. The company is named in the account-opening documents and client agreement, not on the homepage. Check that name on the regulator's own register.
Is XM legal in the Philippines?
In March 2024 the Philippine SEC said XM is not authorised to sell or offer securities to the public in the Philippines. See our Philippines guide.
What is the minimum deposit at XM?
$5 on the Standard and Ultra Low accounts.
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