No. XM is not authorised by Turkey’s SPK (Sermaye Piyasası Kurulu). Turkish residents who open accounts do so with XM Global on a non-solicitation basis and outside SPK’s consumer-protection envelope.
Direct answer
XM Group does not appear on the SPK’s public list of authorised intermediary institutions. There is no SPK licence held by any XM Group entity as of 2026.
How to verify SPK status of any broker
Open SPK’s licensed institutions list
SPK publishes a current list of licensed brokerage firms and investment institutions on its public website.
Search by trading name and corporate name
If neither “XM” nor any Trading Point entity appears, the broker is not SPK-licensed.
Check the broker’s own licence list
XM’s own legal page lists CySEC, ASIC, FSC Belize and DFSA. SPK is not among them.
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FAQ
Is XM licensed by SPK in Turkey?
No. XM is not authorised by Turkey’s SPK (Sermaye Piyasası Kurulu). Turkish residents who open accounts do so with XM Global on a non-solicitation basis and outside SPK’s consumer-protection envelope.
Are any major international brokers SPK-licensed?
A small number of local Turkish brokerages are SPK-licensed; few large international forex/CFD brokers maintain a Turkish-licensed entity.
What if I want SPK protection?
You would need to open an account with an SPK-licensed Turkish brokerage. The fee structure, leverage and product range will differ from XM Global.
Related XM guides
- Is XM legal in Turkey?
- Can residents of Turkey register at XM?
- XM Licenses and Regulation
- Is XM regulated by FCA, CySEC and ASIC?