Is XM a Scam? Regulation Check 2026
We ran XM through the kitchen inspection, looking up its licence in the official CySEC register. Here is what the paperwork says.
Verdict
XM is NOT a scam. It cooks under CySEC licence 120/10, which clears it to serve trading in Slovakia.
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 the CySEC seal buys you
A CySEC-regulated kitchen has to keep client money in its own segregated pot, offer negative balance protection, and open its books to independent audits. If something goes wrong, you can take your complaint straight to CySEC.
What the CySEC seal puts on your plate
- Your money kept in a segregated pot, walled off from XM's own capital
- Negative balance protection, so you can never lose more than you put on the table
- A direct line to CySEC for complaints if XM will not put things right
- Regular independent audits of XM's books under CySEC oversight
Frequently Asked Questions
Is XM a scam or legitimate?
XM is NOT a scam. It is authorised by CySEC, one of the most respected inspectors in the business, and the authorisation is publicly verifiable on the official CySEC register.
How do I check XM's CySEC licence?
Open the official CySEC website and use the public register search. Search the entity name; the entry will confirm XM's authorisation status and exactly what it is cleared to serve.
Are my funds safe with XM?
As a CySEC-regulated kitchen, XM must keep every client's money in its own segregated pot, walled off from the firm's own funds. That shields your deposit even if XM runs into trouble.
What protection do I have as a XM client in Slovakia?
In Slovakia, XM sits under CySEC supervision, so you get: segregated client money, negative balance protection (you can never lose more than is on the table), and the right to take a complaint straight to CySEC.
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