To know the details about broker legitimacy, you need to understand the broker regulation first. XM is well known in forex markets and offering its trading services since 2009. Since then, this broker is well known among forex traders for its different trading account facilities and strong regulations.
XM Broker is regulated by 3 different authorities.
ASIC: Australian Securities and Investments Commission, Trading Point of Financial Instruments Pty Ltd has been issued an Australian Financial Services License by ASIC (number 443670). Check Authenticity.
CySEC: Cyprus Securities and Exchange Commission, Trading Point of Financial Instruments Ltd is licensed by CySEC under license number 120/10. Check Authenticity
FCA: Financial Conduct Authority, Trading Point of Financial Instruments UK Limited is authorized and regulated by the Financial Conduct Authority (FRN: 705428). Check authenticity
XM is an international broker offering clients access to more than 1,000 instruments across 7 asset classes with service offerings in 15 different languages. Due to their strong regulation, we recommend starting trading in this broker. More information can be found on the broker official website – www.xm.com
If this article seems useful for your then please click the like button below. You can also share your valuable feedback or ask questions in the below comment section. Also, subscribe to our newsletter for trading-related updates.