Is XM regulated in South Africa?

By
FX Bangladesh (Global)
-
0
10

Is XM regulated in South Africa? XM is one of the most trustworthy and reputed retail forex broker who got a license from Top level Regulatory bodies. Although this broker has some strong regulation, unfortunately, this is not legally authorized by The Financial Sector Conduct Authority (FSCA) of South Africa.

But still, you can trade with XM and use all of its services and facilities without having any issues. As you may know, XM is a very reliable and Trustworthy Broker and operating its business since 20009. then the main factors of its popularity are mainly its strong regulations and outstanding trading facilities. To know more, please visit the broker website – www.xm.com

XM is operated by Trading Point Group of Financial Instruments Limited, authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC). This broker is mainly popular just because of its strong regulation and outstanding customer support. Here is the detailed information about XM Broker Regulation as follows.

  • Trading Point Group of Financial Instruments Limited authorized and regulated by the Financial Conduct Authority (FCA) – (Temporary License number – 538324). Reference
  • Trading Point Group of Financial Instruments Limited authorized and regulated by the Australian Securities and Investment Commission (ASIC) – (License number – 443670).
  • XM Global Limited authorized and regulated by the International Financial Services Commission (IFSC) (license number 000261/158). Reference
  • Trading Point of Financial Instruments Limited authorized and regulated by Cyprus Securities and Exchange Commission (CySEC) (license number 120/10), are members of Trading Point Group. Reference
Here, we have listed the regulation and its detailed information. If you want to check the broker regulation details, please click the “Reference” link to know more and registration details.

So based on the question, Can XM Broker be trusted? Yes! you can start trading with this broker without any doubt. This broker has strong regulations and policies that make you comfortable to deal with. You can find the detailed information on this regulation on the broker official website – www.xm.com

If you want to know more regarding this broker, then please have a look at our Website’s XM Broker Section. Also, you can check our XM Broker FAQ for the most common answers.

NOW, IT'S TIME TO OPEN A DEMO ACCOUNT