Is XM Regulated? Who Oversees It (2026)

XM is regulated by ASIC (Australia), CySEC (Cyprus), DFSA (Dubai), FSC (Belize). Regulation matters because a licensed broker must meet capital, conduct and client-money rules, and you have an official authority to escalate to if something goes wrong.

ASIC — the Australian Securities and Investments Commission (Australia) — is a Tier 1 authority. You can verify XM's status yourself on the ASIC Connect professional registers. Independently confirming a licence on the official register is the single most reliable safety check a trader can do.

CySEC — the Cyprus Securities and Exchange Commission (Cyprus (EU)) — is a Tier 1 authority. You can verify XM's status yourself on the CySEC regulated entities register. Independently confirming a licence on the official register is the single most reliable safety check a trader can do.

DFSA — the Dubai Financial Services Authority (Dubai (DIFC), UAE) — is a Tier 2 authority. You can verify XM's status yourself on the DFSA Public Register. Independently confirming a licence on the official register is the single most reliable safety check a trader can do.

"FSC (Belize)" does not correspond to a recognised licensing register we can point you to. Where a broker cannot be verified on an official regulator's register, treat any implied protection with caution.

Client funds at XM are held in segregated accounts, meaning they are kept separate from the company's own operating money, and negative balance protection is in place, so you cannot lose more than your balance.