CFDs are leveraged. Most retail traders lose money, and you can lose more than you deposit.
Broker profile

XM

FSCA · Appears authorisedFSP 49976On a regulator warning list

XM ZA (PTY) LTD

At a glance

Licences3 regulators2 on a register · incl. top-tier
Warnings1 about XM3 copycat names/sites
CostsMin $5From the broker's own pages
TrustpilotRating hiddenTrustpilot removed fake reviews
Regulator warning. A Canadian securities regulator (BCSC (BC)) issued an investor alert naming "XM". It may concern the firm itself or someone using its name. These are country-specific; XM may hold licences elsewhere (below). Check which company you'd actually be signing up with.

Licences and regulators

FSCA49976
XM ZA (PTY) LTD Checked on 16 Oct 2026
On the register
CySEC120/10
Trading Point Of Financial Instruments Ltd Found on the register by name.
On the register
FSC Belize8557558
XM Global Limited
Claimed by broker
FSCA (South Africa)FSP 49976Found on an FSCA source
Legal name
XM ZA (PTY) LTD
FSP status
Authorised
Categories
Not available. The FSCA's register search is offline, so we couldn't read the licence categories.
OTC derivative provider (ODP)
Not on the FSCA ODP list we checked
  • FSCA register Authorised · XM ZA (PTY) LTD SourceChecked on 16 Oct 2026
  • FSCA press release FSCA Press Release-FSCA issues a public warning regarding the impersonation of XM ZA (Pty) Ltd Source

“On the register” means we found this number on the regulator's own list. The FSC Mauritius register shows no licence numbers, so there we match by name and label the number “broker says”. “Claimed by broker” means the broker's site states it and we couldn't check that register automatically. Info may be out of date or wrong. Always check with the regulator before you trade.

Company facts

Websitexm.com
Head office (country)Cyprus
Founded–
Support email–
Legal entities namedXM ZA (PTY) LTD · XM Global Limited · Trading Point Of Financial Instruments Ltd

From the broker's own website. Scammers copy contact details, so use the website and email shown on the regulator's register.

Licence details by regulator

RegulatorEntity · numberStatusWhat it covers
FSCAXM ZA (PTY) LTD · 49976On the registerPermitted activities are listed on the FSCA register ↗.
FSC BelizeXM Global Limited · 8557558Claimed by brokerPermitted activities are listed on the FSC Belize register ↗.
CySECTrading Point Of Financial Instruments Ltd · 120/10On the registerFound on the register by name; not stated on the broker page we read.

A licence only covers the entity and country named. Check which entity your account is with: it's in the client agreement.

Check other warning sources

  • IOSCO I-SCAN ↗Warnings from regulators worldwide. Search for “XM” and “XM ZA (PTY) LTD”.
  • FCA Final Notices ↗UK fines and bans (Publications → Notices and decisions → Final notices). Search for “XM” and “XM ZA (PTY) LTD”.
  • ASIC enforcement ↗Australian media releases on court action and bans. Search for “XM” and “XM ZA (PTY) LTD”.
  • CySEC decisions ↗Cyprus board decisions and fines. Search for “XM” and “XM ZA (PTY) LTD”.
  • CFTC RED list ↗Foreign firms acting as if US-registered. Search for “XM” and “XM ZA (PTY) LTD”.
  • NFA BASIC ↗US futures and forex firm records and actions. Search for “XM” and “XM ZA (PTY) LTD”.

Change log

No alerts or corrections for XM yet. All fixes are in the corrections log.

Accounts and platforms

Account typesStandardUltra LowShares
Min deposit$5Standard & Ultra Low, global page

Copycats: names and sites that are not XM

Regulators list these as look-alikes or impersonators. Always check the website address.

  • XM MARKET LIMITEDFCA · Unauthorised firm using a similar name · 25/01/2024
  • xm-signals.comFCA · Unauthorised firm using a similar name · 19/12/2024
  • New World XMFCA · Unauthorised firm using a similar name · 20/07/2026

XM: questions and answers

Which licences does XM name?

We can't tell you whether to trust a broker. Here is what public sources show. XM names licences from FSCA, FSC Belize and CySEC. 2 of these were found on the regulator's own register. Always check the regulator's register yourself.

Is XM regulated by the FSCA?

XM or a source names FSP 49976. On the FSCA register our status is: Appears authorised. The register shows XM ZA (PTY) LTD.

Are there regulator warnings about XM?

Yes. A Canadian securities regulator (BCSC (BC)) issued an investor alert naming "XM". It may concern the firm itself or someone using its name. XM may still hold licences elsewhere.

What is XM's Trustpilot rating?

Trustpilot has hidden XM's rating after removing fake reviews (breach of its guidelines).

What is the minimum deposit at XM?

$5 (Standard & Ultra Low, global page), as published by XM.

Facts from public sources, not advice. We don't rate or recommend brokers.

Trader reviews of XM

Deposits & withdrawals (optional) Platform (optional) Support (optional)

Reviews are moderated. No links, phone numbers or "fund recovery" offers. Those are a common scam. Reviews are traders' own views, not ours, and not advice.