Where Is XM Legal? Banned & Supported Countries

For residents of this country (United States), XM is not available and does not accept clients. Below are the top three highest-rated brokers available there in 2026 — the best alternatives to consider.

According to publicly accessible information and the broker’s regional guidelines, the following countries are where XM currently provides its services: India United Kingdom Indonesia Poland Germany Spain France Nigeria Malaysia Ukraine Brazil Italy South Africa Pakistan Afghanistan Albania Algeria Angola Armenia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Belarus Belgium Bolivia Botswana Brunei Bulgaria Cambodia Cameroon Chile China Colombia Congo Costa Rica Cote d'Ivoire Croatia Cuba Cyprus Czechia DR Congo Denmark Dominican Republic Ecuador Egypt El Salvador Estonia Eswatini Ethiopia Finland Georgia Ghana Greece Haiti Hong Kong Hungary Iraq Ireland Jamaica Japan Jordan Kazakhstan Kenya Korea Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Libya Lithuania Luxembourg Madagascar Malta Mauritius Mexico Moldova Mongolia Montenegro Morocco Mozambique Myanmar Namibia Nepal Netherlands New Zealand North Macedonia Norway Oman Palestine Panama Papua New Guinea Paraguay Peru Philippines Portugal Puerto Rico Qatar Reunion Romania Rwanda Saudi Arabia Serbia Singapore Slovakia Slovenia Somalia Sri Lanka Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Trinidad and Tobago Tunisia Turkey UAE Uganda Uruguay Uzbekistan Venezuela Vietnam Zambia Zimbabwe

According to publicly accessible information and the broker’s regional guidelines, the following countries are where XM currently does not provide its services: United States Canada Argentina Iran, Islamic republic Israel Yemen

In addition, XM — like most international brokers — does not offer services in countries or territories subject to international sanctions or included on the FATF high-risk list.

Find a Broker Legally Operating in Your Country

Still looking for a reliable broker? With this tool, it’s easy to find one that operates legally in your country. You can choose and compare brokers by the criteria you’re interested in, all meeting high standards of safety, regulation, and trading conditions.

In Which Countries is XM Regulated? Is XM Safe?

XM is a Tier-1 regulated broker, operating under the supervision of one or more top-level financial authorities. Such regulation ensures strict compliance, fund segregation, and investor compensation mechanisms. Therefore, XM is considered a highly reliable and safe broker.

XM countries of regulation

Regulator	Full Name	Country	Protection Fund	Regulation level
CMA (Kenya) The Capital Markets Authority (CMA) of Kenya regulates and oversees the activities of financial market participants, including stock exchanges, Forex brokers, and investment companies. Its primary goal is to ensure transparency, investor protection, and the development of Kenya's capital markets. The CMA also promotes the introduction of new financial products and supports innovations to strengthen the local capital market.	Full Name The Capital Markets Authority	Country Kenya	Protection Fund KES 50,000	Regulation level Tier-2
CMA (UAE) CMA/SCA (UAE) is the federal capital markets regulator, publishing a comprehensive legislative/regulatory framework (laws/regulations/decisions/circulars, incl. drafts) to enhance transparency, protect investor rights, and ensure fair/efficient markets. The website provides an Open Data platform with key due-diligence sections: Licensed Companies, Warnings, Violations and Violators, plus lists of funds and Authorized Finfluencers. It also offers regulatory procedures relevant to investor protection/disputes—e.g., an appeal service for decisions by SCA/markets in disputes between investors and supervised entities (with submission timing and requirements). There is also a dedicated Minority Investor Protection framework (governance principles, shareholder participation, access to related-party deal information, etc.).	Full Name Capital Market Authority	Country United Arab Emirates	Protection Fund No specific fund	Regulation level Tier-2
CySec CySec regulates investment firms, brokers, and their transactions in securities and derivatives on the Cyprus Stock Exchange. It imposes strict operational conditions, regular audits, and financial compliance.	Full Name Cyprus Securities and Exchange Commission	Country Cyprus	Protection Fund Up to €20,000	Regulation level Tier-1
DFSA DFSA regulates financial services performed within Dubai's International Financial Centre (DIFC). It's known for a robust legal framework and strict oversight practices, providing high levels of investor protection.	Full Name Dubai Financial Services Authority	Country Dubai	Protection Fund No specific fund	Regulation level Tier-2
FSA (Seychelles) FSA Seychelles regulates the non-bank financial services in Seychelles, aiming to promote their efficiency and transparency.	Full Name Financial Services Authority of Seychelles	Country Seychelles	Protection Fund No specific fund	Regulation level Tier-3
FSC (Belize) This body regulates the insurance and pensions industry, as well as the entire financial services sector, promoting financial inclusion and market integrity in Belize.	Full Name Financial Services Commission of Belize	Country Belize	Protection Fund No specific fund	Regulation level Tier-3
FSC (Mauritius) FSC Mauritius ensures the orderly administration of the financial services and global business sectors in Mauritius, enhancing investor protection and international compliance.	Full Name Financial Services Commission of Mauritius	Country Mauritius	Protection Fund No specific fund	Regulation level Tier-3
FSCA SA The FSCA oversees the South African non-banking financial services industry, focusing on protecting investors and efficiently preventing financial crimes by enforcing stringent compliance standards.	Full Name Financial Sector Conduct Authority of South Africa	Country South Africa	Protection Fund No specific fund	Regulation level Tier-2

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