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
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
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