Is XM regulated in South Africa?

0
6

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

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

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 2009.

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 is 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.
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.

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.

OPEN A DEMO ACCOUNT