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Is XM FCA Regulated? The Truth About XM's UK License Status (2025)
If you're based in the United Kingdom or care about strict financial oversight, it's natural to ask: "Is XM FCA regulated?" The Financial Conduct Authority (FCA) is known as one of the world's most respected regulators—and many traders seek brokers under its jurisdiction.
In this article, we'll uncover whether XM holds an FCA license, what that means for UK traders, and how XM remains a trusted broker despite not being registered with the FCA.
👉 Prefer to trade with a globally licensed broker now? Open your XM account here and access thousands of instruments in a secure environment.
What is the FCA and Why Does It Matter?
The Financial Conduct Authority (FCA) regulates financial institutions in the United Kingdom. Its purpose is to protect consumers, ensure market integrity, and promote healthy competition. When a broker is FCA-authorized, it must meet high standards in capital requirements, fund segregation, reporting, and client care.
FCA oversight is especially attractive to traders who prioritize strict regulation, dispute resolution services, and financial stability.
Is XM FCA Regulated?
As of 2025, XM is not regulated by the FCA. The broker does not currently hold a license to operate as a financial services provider in the UK. This means it cannot onboard clients via a UK-based legal entity under the FCA’s supervision.
However, this does not mean XM is unregulated or unsafe. In fact, XM operates under multiple well-respected international licenses, which offer strong protection frameworks for global clients.
👉 To verify XM’s licensing and compliance, visit the official XM regulatory disclosure page.
Where Is XM Currently Regulated?
XM is part of the Trading Point Group, which is authorized and regulated in several major jurisdictions. These include:
CySEC (Cyprus Securities and Exchange Commission), covering European clients
ASIC (Australian Securities and Investments Commission), for Asia-Pacific regions
DFSA (Dubai Financial Services Authority), overseeing operations in the Middle East
FSC (Financial Services Commission of Belize), for international and global clients
These regulators enforce strict rules related to segregated client accounts, negative balance protection, and financial auditing.
Can UK Traders Use XM Legally?
Yes, UK residents can still open an account with XM, but not through a UK FCA-licensed branch. Instead, they are typically onboarded under XM Global, regulated by the FSC in Belize or other relevant XM entities depending on their region.
UK traders must understand that they won’t be protected by the FCA compensation scheme, but they still benefit from XM’s own internal security measures.
👉 To start securely as a UK resident, sign up for an XM account here.
Why XM Operates Without an FCA License
After Brexit, many brokers including XM had to reassess their UK regulatory strategies. Operating under the FCA comes with stricter limitations on leverage, marketing, and bonus offers—many of which are still available under other regulatory bodies.
XM chose to expand its reach through flexible global licenses while maintaining EU, Australian, and Middle Eastern compliance rather than pursuing FCA re-registration.
How XM Maintains Trust Without FCA
XM continues to offer top-tier protections, even without FCA oversight. These include:
Full segregation of client funds, ensuring your deposits are not mixed with company assets
Negative balance protection, so you never lose more than your investment
Transparent trading conditions with published policies
Regular regulatory audits by CySEC, ASIC, and others
Many XM users worldwide report positive experiences with fast withdrawals, helpful support, and transparent fee structures.
Alternatives for UK Traders Wanting FCA Protection
If having FCA coverage is a must for you, you can explore UK-based brokers that hold a valid FCA license. However, keep in mind that such brokers may have lower leverage options, no trading bonuses, and fewer platform features compared to international brokers like XM.
XM, although not FCA-licensed, is often praised for its educational content, flexible accounts, and bonus promotions—advantages that FCA-regulated firms cannot offer under local laws.
How to Open an XM Account From the UK
Opening an account with XM from the UK is simple:
Visit the official XM sign-up page
Fill in your country and personal details
Submit your ID and proof of residence
Choose your account type (Micro, Standard, Ultra Low)
Fund your account and start trading on MetaTrader 4 or 5
Although your account will not fall under the FCA, it will still be covered by other top-tier regulators.
Final Verdict – Is XM FCA Regulated?
To conclude: No, XM is not FCA regulated in 2025. However, it remains a safe, transparent, and well-regarded broker globally, with licenses from multiple trusted regulators like CySEC, ASIC, DFSA, and FSC.
UK traders can legally trade with XM but should understand they won’t have FCA-specific protections. That said, XM’s global safety features still make it a top choice for traders who prioritize affordability, platform performance, and education.
👉 Ready to begin? Open your XM account now and trade with confidence.
FAQs About XM and FCA Licensing
Does XM have a UK office?
Currently, XM does not operate a registered branch or office in the United Kingdom.
Can British citizens register with XM?
Yes, British citizens can open an account, but it will be managed under a non-FCA entity like XM Global.
What protection do UK users have?
While FCA protections don’t apply, XM provides segregated funds and negative balance protection through its other licenses.
Is FCA the only safe option?
No, other top-tier regulators like ASIC and CySEC offer comparable protection and transparency.
Where is XM headquartered?
XM is part of Trading Point Holdings, headquartered in Cyprus with global regulatory entities.
Is it legal to trade with XM in the UK?
Yes, it is legal for UK residents to trade with XM, but it’s important to know that XM is not regulated locally by the FCA.
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