Is XM regulated in India? – Unfortunately, none of any forex brokers does have any official authorization to operate their business in India. But people from India can also open and trade with XM without having any issues.
The SEBI (Securities and Exchange Board of India) is the regulatory body in India located in Mumbai. According to SEBI, forex brokers are not required to authorize to accept residents of India as customers. But, any resident from India can open a trading account in XM and use all of its services without having issues.
So If you are interested in trading in this XM Broker then you are permitted to do so as none of any special authorization is required. Detailed information can be found on the Broker website – www.xm.com
XM Broker supports global clients except for the United States of America, Canada, Israel, and the Islamic Republic of Iran. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
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 to know the answers to the most common questions. If you have any comments or questions regarding this article, please let us know in the comments box below. We will try to assist you.
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