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. The Belize entity, XM Global Limited, serves non-EU/UK retail clients and pays the $30 no deposit bonus.

Direct answer

The international “offshore” entity in XM Group is registered in Belize, supervised by the Belize FSC. 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.
• 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 $30 no deposit 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.

FAQ

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?