Is XM a Scam? Regulation Check 2026
We checked XM's licence in the official CySEC register. Here is what the public records say.
Verdict
XM is NOT a scam. It holds CySEC licence 120/10, authorising it to offer trading services in Ireland.
How to verify on the official register
| Regulator | CySEC CySEC Cyprus Securities and Exchange Commission (CySEC) |
| Licence Number | 120/10 |
| Regulated Entity | Trading Point of Financial Instruments Ltd |
| Founded | 2009 |
What CySEC regulation means
CySEC-regulated brokers must keep client funds in segregated accounts, provide negative balance protection, and submit to independent audits. Clients can file complaints with CySEC directly.
What CySEC regulation means for your money
- Client funds held in segregated bank accounts, separate from XM's own capital
- Negative balance protection — you cannot lose more than your deposit
- Right to file complaints directly with CySEC if XM fails to resolve your issue
- XM submits to regular independent financial audits under CySEC oversight
Frequently Asked Questions
Is XM a scam or legitimate?
XM is NOT a scam. It holds CySEC licence number 120/10. CySEC is one of the world's most respected financial regulators. The licence is publicly verifiable in the CySEC official register.
How do I check XM's CySEC licence?
Go to the official CySEC website and use the public register search. Search for licence number 120/10 or the entity name. The record will confirm XM's authorisation status and the scope of its permissions.
Are my funds safe with XM?
As an CySEC-regulated broker, XM must keep all client funds in segregated bank accounts, completely separate from company funds. This protects your deposits even if XM encounters financial difficulties.
What protection do I have as a XM client in Ireland?
In Ireland, XM operates under CySEC supervision. You are entitled to: segregated client funds, negative balance protection (you cannot lose more than you deposit), and the right to file complaints directly with CySEC.
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