XM operates through multiple group entities, and the licence that matters is the entity that actually opens your account. Public group references include CySEC in Cyprus, ASIC in Australia, Belize FSC for XM Global Limited, and DFSA-linked MENA coverage depending on region.
Direct answer
XM is not a single company — it is a brand operated by several legally distinct entities, each authorised by a different regulator. The licence that protects your money is the one named on your client agreement, not the regulator your friend has. EU residents are typically onboarded under the CySEC entity; Australian residents under ASIC; many international clients are onboarded under XM Global Limited, regulated by the Belize Financial Services Commission (FSC). Always cross-check the legal name and licence number from your contract on the regulator's own public register.
XM entities & regulators
| Entity | Regulator | Jurisdiction | $30 bonus offered? |
|---|---|---|---|
| Trading Point of Financial Instruments Ltd | CySEC | Cyprus / EU | No (EU rules restrict promotions) |
| Trading Point of Financial Instruments Pty Ltd | ASIC | Australia | No (ASIC bonus restrictions) |
| XM Global Limited | FSC Belize (official documents cite licence 000261/309) | International | Yes, where eligible |
| XM ZA (Pty) Ltd | FSCA | South Africa | Region-dependent |
| XM MENA / DFSA-linked | DFSA | UAE / DIFC | Region-dependent |
How to verify your XM entity in 4 steps
Open your client agreement
After registration, XM emails you a PDF client agreement. The first page names the exact legal entity opening your account — not "XM" generically, but for example XM Global Limited.
Find the licence number
The same document lists the licence or registration number. For XM Global Limited, current official documents cite FSC Belize licence 000261/309. Copy the number from your own agreement before checking the public register.
Search the regulator's register
Visit the regulator named in your contract (CySEC, ASIC, FSC Belize, FSCA, DFSA) and search by company name or licence number. The entry should match exactly.
Confirm bonus eligibility
Only certain entities are allowed to offer the current country-specific bonus. If your account is under CySEC or ASIC, the bonus is not available for that entity — this is a regulatory limit, not a country block.
Common mistakes when reading XM regulation
- Assuming a screenshot of CySEC regulation applies to your account when you are actually onboarded under the Belize entity.
- Treating "XM is regulated" as a single statement — the protection level depends on which entity holds your funds.
- Confusing investor compensation schemes (e.g. ICF in Cyprus) with bonus offers; ICF only applies to CySEC clients.
- Trusting a third-party blog over the legal entity name on your own client agreement.
- Expecting regulator A's complaint process to work when your contract is with regulator B.
Check the current XM bonus in your country
Country-specific deposit bonus ? Members Area verification required ? Bonus credit is not cash
FAQ
Which licenses does XM have?
XM operates through multiple group entities, and the licence that matters is the entity that actually opens your account. Public group references include CySEC in Cyprus, ASIC in Australia, Belize FSC for XM Global Limited, and DFSA-linked MENA coverage depending on region.
What should I verify before acting?
Check your XM Members Area, account entity, country eligibility, KYC status and the current promotion terms before trading or requesting withdrawal.
Is this financial advice?
No. This is an editorial guide to broker terms and workflow. Forex and CFD trading carries a high risk of loss.