XM is licensed in Belize by the Financial Services Commission (FSC, formerly IFSC) — not Mauritius or Seychelles. Current XM Global Limited documents cite FSC Belize licence 000261/309. The Belize entity serves many non-EU/UK retail clients and may show country-specific bonuses where eligible.
Direct answer
The international “offshore” entity in XM Group is registered in Belize, supervised by the Belize FSC. Current XM Global Limited documents cite licence 000261/309. There is sometimes confusion online with Mauritius (FSC Mauritius) and Seychelles (FSA Seychelles) because all three are common offshore brokerage jurisdictions — but XM Group is not licensed in either of those. Brokers using XM-style branding under FSC Mauritius or FSA Seychelles are not part of XM Group.
What the Belize FSC licence gives you
- A regulator with active broker oversight, a public register and a complaints route.
- A specific licence number to verify for XM Global Limited: 000261/309.
- Segregation of client funds at tier-1 banks.
- Permission for retail leverage up to 1:1000 (subject to instrument and equity).
- Eligibility for promotions like the current country-specific bonus that ESMA and FCA prohibit.
What it doesn’t give you
It does not give you the EU’s Investor Compensation Fund (ICF) up to €20,000, the FCA’s FSCS up to £85,000, or the same leverage caps that protect retail clients from over-sizing in the EU/UK. The Belize FSC framework is real, but lighter than CySEC, ASIC, FCA or DFSA.
Check the current XM bonus in your country
Country-specific deposit bonus ? Members Area verification required ? Bonus credit is not cash
FAQ
What does XM’s Belize / Mauritius / Seychelles licence mean?
XM is licensed in Belize by the Financial Services Commission (FSC, formerly IFSC) — not Mauritius or Seychelles. Current XM Global Limited documents cite FSC Belize licence 000261/309. The Belize entity serves many non-EU/UK retail clients and may show country-specific bonuses where eligible.
Was the Belize regulator renamed?
Yes. The IFSC (International Financial Services Commission) was reorganised and renamed the Financial Services Commission (FSC) of Belize. Older XM documents may still reference the IFSC name.
Is Belize an offshore tax haven for clients?
No, not for clients. The Belize entity provides licensing for the broker; tax obligations on your trading profits are governed by your own country of residence.
Related XM guides
- XM Licenses and Regulation
- Is XM regulated by FCA, CySEC and ASIC?
- What is the difference between an XM EU account and an XM Global account?
- Is XM’s regulation strong or weak?
- What is XM and what is XM Global?