Forex traders always look for trusted and reliable forex brokers. Finding a reliable forex broker is an uphill task, as most of the brokers offer similar services. Regulations help traders detect the right forex brokers; however, not all brokers are regulated. If you are considering using XM as your broker, you may be wondering if it is regulated
The answer is ‘Yes’, XM is a regulated forex broker. The broker is regulated in Australia, Belize, UAE, and other jurisdictions. In this article, we will explore more about Just Markets, its pros and cons, and the benefits of trading with a regulated forex broker like XM.
Is XM Regulated?
Yes, XM is a top-tier regulated forex broker. It is regulated by FSC, ASIC, CySEC, and DFSA. These regulations ensure that the broker must follow certain rules set by the authority to keep things fair and safe for traders. XM holds client funds in segregated bank accounts with top-tier banks. The broker does not use client money for hedging trades with other counterparties. Here are the XM entities and regulators
XM Overview
- Founded In: 2009
- Founder: Constantinos Cleanthous
- Headquarters: Limassol, Cyprus.
- Trading Instruments: 1000+ trading instruments including forex, cryptocurrencies, stock CFDs turbo stocks, commodities, equity indices, thematic indices, precious metals, energies, shares
- Minimum Deposit: $5 for Micro, Standard, Ultra low accounts, and $10,000 for share accounts
- Maximum Leverage: up1000:1 for Standard, Micro, and Ultra-low accounts, No leverage for share account
- Regulations: FSC, ASIC, CySEC, DFSA, FSCA
- Trading platform: MT4, MT5, XM trading apps
- Spreads: As low as 0.6pips
- Account Types: Standard, Micro, Ultra-low, Share accounts
- Trading Styles: Allows all trading styles including scalping, news trading, copy trading, EA trading
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Neteller, Skrill
- Funding Currencies: USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, SGD, ZAR
- US Traders: Not Accepted
The benefit of Trading with a Regulated Forex Broker.
Trading with a regulated broker offers several benefits:
Security of Funds :
When you trade with a regulated broker, your money is in good hands. These brokers are required by law to keep your funds separate from their own operational money. So, even if the broker faces financial trouble, your money remains safe and untouched.
Fair Trading Practices
Regulated brokers play by the rules. They have to treat you fairly and honestly. That means you can trust that the prices they offer are accurate, and your trades are executed fairly, without any sneaky tricks. It’s like having a fair referee in your trading game.
Transparent Pricing
Transparent pricing in forex trading refers to the clear and fair display of the costs associated with trading currency pairs and other financial instruments. When trading with a top-tier regulated forex broker, traders can expect several aspects of transparent pricing. These transparencies Include :
- Bid-Ask Spread Transparency
- No Hidden Fees or Commissions
- Fair Price Execution Policy
- Real-Time Market Data
Dispute Resolution
Sometimes things don’t go as planned, and disagreements can arise. But with a regulated broker, you have a backup. If you ever have a dispute, regulators provide a process to help sort things out fairly. So, you can trade with confidence, knowing there’s a safety net if you need it. Please keep in mind that client protection might not be applicable for global entities of forex brokers.
Client Data Protection
Your personal information is valuable, and regulated brokers take its protection seriously. They use advanced security measures to keep your data safe, like encryption and secure storage. This way, you can trade without worrying about your private information falling into the wrong hands.
Transparency
Regulated brokers are required to maintain high levels of transparency in their operations. This includes disclosing relevant information to clients, such as fees, charges, and potential risks associated with trading. This transparency fosters trust and confidence among clients, enabling them to make informed decisions.
Customer Support
Forex brokers’ customer support is like having a helpful buddy in your trading journey. They’re there to answer your questions, fix any issues, and guide you through the trading maze. A regulated broker is always serious about their business. You can expect quality support from regulated forex brokers more than that of unregulated ones. Here Here’s what you can expect:
- Friendly and Easy Access to Customer Support
- Quick Response
- Patience and Understanding
- Problem Solvers :
- No excuse
- Personalised help
Frequently Asked Questions (FAQ)
What is XM
Founded in 2009, XM is a forex and CFD broker that offers trading services to traders and investors. XM offers a wide range of trading instruments including Forex, Commodities, Stock, Indices, Crypto, Turbo Stocks Equity indices, Precious Metals, and Energies. The maximum leverage of XM is as high as 1:1000.
What is Forex Broker Regulation
Forex broker regulation refers to the set of rules, guidelines, and standards imposed by governmental or independent regulatory authorities on firms that offer forex trading services to clients. These regulations are designed to protect investors, ensure fair and transparent operations within the forex market, and maintain the integrity of the financial system. The most popular forex broker regulators are NFA, ASIC, FCA, CySEC, and so on.
Is XM an ECN Forex Broker?
Yes, XM operates as an Electronic Communication Network (ECN) forex broker, providing direct access to liquidity providers and offering competitive pricing and execution.
Is XMa a Safe Broker?
XM is a top-tier regulated forex broker. So it can be marked as a safe broker. However, be sure which entity you are trading with.
Is XM regulated in the USA?
No, XM is not regulated in the USA. So the US traders can not trade with Exness
Is XM regulated in the UK?
Xm is not regulated in the UK. However, the broker is FSC-regulated. They can onboard the clients of the UK
Is XM regulated in Canada?
No, XM is not regulated in Canada.
Is XM Regulated in UAE?
No, XM is not regulated in the UAE. However, the traders of UAE can trade under the global entity of XM.
Is XM Regulated in Europe?
Yes, XM is regulated in Europe. It is regulated by CySEC.
Final Thoughts :
XM is a regulated and trusted forex broker that offers Forex, Commodities, Stock, Indices, Crypto, Turbo Stocks, Equity indices, Precious Metals, and Energies trading services. The maximum leverage of XM is as high as 1:1000. However, the broker does not have any passive investment options ( PAMM, MAMM).
Since XM is a regulated forex broker, it is considered safe to trade with the broker. The broker allows traders to trade with any style including scalping, hedging, EA Trading, news trading and so on. XM offers popular trading platforms like MT4, MT5, XM App, etc. So traders can trade with their suitable trading platforms on XM.
Disclaimer: Trading forex and CFDs comes with the risk of losing your trading capital.
