Is XM Group Regulated in Turkey? Is it Legit? - TU Expert review
XM Group is a regulated Forex broker supervised by financial authorities in. The broker adheres to the standards established by its regulators, ensuring a secure and transparent trading environment. XM Group countries of regulation:
| Regulator | Full name | Country |
|---|---|---|
| CySec | Cyprus Securities and Exchange Commission | Cyprus |
| DFSA | Dubai Financial Services Authority | Dubai |
| FSCA SA | Financial Sector Conduct Authority of South Africa | South Africa |
| FSC (Mauritius) | Financial Services Commission of Mauritius | Mauritius |
| FSC (Belize) | Financial Services Commission of Belize | Belize |
| FSA (Seychelles) | Financial Services Authority of Seychelles | Seychelles |
Is XM Group regulated in Turkey? Broker’s license
Security (Protection for Investors)
Information
XM Broker is licensed by four leading global regulators: FSC (Mauritius), FSC (Belize), CySEC (Cyprus), FSA (Seychelles). The CySEC license means that the broker operates in the European legal field regulated by the MiFID directive I and II. All customer accounts are separated from brokerage accounts for operating activities and are in the European banks.
👍 Advantages
- There are segregated accounts
- Protection from negative balance is provided
- There is a technology of Personal accounts and account protection from unauthorized access
👎 Disadvantages
- Submission of claims to the regulator for small amounts does not make sense due to subsequent financial and time costs
Is XM Group regulated in Turkey? Broker’s license
XM Group regulation review
| Regulator | Country | Regulation level | Investor Protection Fund |
|---|---|---|---|
|
CySec
|
Cyprus | Tier-1 | Up to €20,000 |
|
DFSA
|
Dubai | Tier-2 | No specific fund |
|
FSCA SA
|
South Africa | Tier-2 | No specific fund |
|
FSC (Mauritius)
|
Mauritius | Tier-3 | No specific fund |
|
FSC (Belize)
|
Belize | Tier-3 | No specific fund |
|
FSA (Seychelles)
|
Seychelles | Tier-3 | No specific fund |
Understanding Forex Regulation Levels
When choosing a Forex broker, their regulatory framework plays a pivotal role in ensuring trust and security. Below is an overview of the different regulatory tiers:
-
Tier-1 Regulators:
These authorities are globally recognized for their strict oversight and high compliance standards. They prioritize trader safety, financial transparency, and overall market stability. Notable examples include the FCA in the United Kingdom and ASIC in Australia. -
Tier-2 Regulators:
While not as stringent as Tier-1, these regulators enforce solid compliance protocols that provide traders with a fair degree of security and reliability. -
Tier-3 Regulators:
Often limited to simple registration processes, Tier-3 regulators operate in jurisdictions with minimal oversight. Brokers under Tier-3 regulation face fewer compliance demands, offering traders less protection.
Short summary about the broker XM Group
XM Group is a globally recognized broker, operational in nearly 190 countries and serving over 15 million traders. In 2025, the company is celebrating its 15th anniversary. The broker offers over 1,400 trading instruments, including Forex pairs, stocks, commodities, cryptocurrencies, and precious metals. With licenses from regulators like FSC and CySEC, XM ensures a secure trading environment.
The company is committed to high-speed order execution without requotes, ensuring 99.35% of trades are completed nearly instantly. The broker's leverage varies by region, offering up to 1:1000 for some non-EU countries while maintaining strict compliance with European standards for others. The spreads start from 0.6 pips.
XM doesn't offer passive investment options like PAMM accounts but provides access to MQL5 copy trading and a VPS for algorithmic trading.
| 💰 Account currency: | EUR, USD, GBP, JPY - depending on the XM entity |
| 🚀 Minimum deposit: | $5 |
| ⚖️ Leverage: | 1:30 (only for EU regulated Entity and AU). For all the other countries - 1:1000. |
| 💱 Spread: | From 0.6 pips (for EU entity - from 0 pips) |
| 🔧 Instruments: | Forex,and CFDs on Stocks, Commodities, Equity Indices, Precious Metals, Energies, Cryptocurrencies, Turbo Stocks, Shares, Thematic Indices - these might differ between the XM entities |
| 💹 Margin Call / Stop Out: | 100%/50% |
Pros and cons of XM Group
👍 Advantages of trading with XM Group:
•XM Broker guarantees 100% execution of orders, 99,35% of orders delivered nearly instantly. No requotes guaranteed;
•No “markup” on narrow market spreads (broker's margins over the spread);
•Over 1,000 trading instruments. Available for trading are: 57 currency pairs, including CFDs on cross rates, metals (including palladium and platinum), commodities (cocoa, cotton, grain), stocks;
•No commission for replenishment and withdrawal of money. XM Broker incurs all commission costs of payment systems;
•Around the clock support for 5 days a week in more than 30 languages.
👎 Disadvantages of XM Group:
•Expanding their limited choice of trading platforms. Despite the fact that the broker offers 16 terminals, all of them are modifications of MT4 and MT5 for desktop, browser and mobile trading.
Why is it important for a broker to have the license in Turkey?
A financial license is the key document for any broker. It confirms that the company complies with the requirements of the financial regulator and observes the law. It is important for traders to choose a broker registered their jurisdiction for the following reasons:
-
Any claim is filed at the place of the broker’s registration. Accordingly, in case any dispute arises, it will be easier for the trader to file a claim.
-
A license issued in Turkey guarantees that the broker operates in compliance with the laws of this country and reports to the local regulatory authorities.
-
Traders can claim compensation under the government programs of deposit guarantees in case the broker experiences financial problems.
It is also possible to choose a broker that is not regulated in Turkey. In that case, however, the company must have a license from a reliable regulator, for example of an EU country, the UK, USA, Australia, etc.
Brokers that are similar to XM Group
In addition to XM Group, also other brokers from this jurisdiction have the license of Turkey. XM Group has many competitors, and before you start working with this broker, you need to compare it to other companies. TU analysts have prepared a comparison of brokers that operate in the Turkey market and have a license of this or another reliable jurisdiction.
Comparison of XM Group with other Brokers
| XM Group | Eightcap | RoboForex | Exness | NPBFX | |
|---|---|---|---|---|---|
Trading platform |
MT4, MT5, MobileTrading, XM App |
MT4, MT5, TradingView |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 |
MT4 |
Min deposit |
$5 |
$100 |
$10 |
$10 |
$10 |
Leverage |
From 1:1 |
From 1:30 |
From 1:1 |
From 1:1 |
From 1:200 |
Trust management |
No |
No |
No |
No |
No |
Accrual of % on the balance |
No |
No |
10.00%% |
No |
No |
Spread |
From 0.8 points |
From 0 points |
From 0 points |
From 0 points |
From 0.4 points |
Level of margin call / stop out |
No |
No |
No |
No |
No |
Execution of orders |
Market Execution |
Market Execution |
Market Execution, Instant Execution |
Market Execution, Instant Execution |
Instant Execution, Market Execution |
No deposit bonus |
No |
No |
No |
No |
No |
Cent accounts |
No |
No |
Yes |
Yes |
No |
Is it safe to trade with XM Group in Turkey?
XM Group is not regulated in Turkey. The company does not hold a financial license, which could raise certain security-related questions. Nevertheless, the company has a good reputation and has proven its reliability to traders. XM Group offers attractive conditions; many traders in Turkey have chosen to work with this broker. However, be aware of the risks when working with such companies.
FAQ
How do I check a broker’s license?
Brokers should provide their license on their official website. It is also recommended to check it on the official website of the financial regulatory authority.
Does a broker need to have an official representative office in Turkey?
Yes. According to the rules of Turkey, brokers must have an office in Turkey. This is a mandatory condition for obtaining the license.
Can the license issued by Turkey be considered reliable protection against fraud?
Yes. The rules of the financial regulator of Turkey are very strict, which makes obtaining a license in this jurisdiction extremely difficult for scammers.
What kind of information should a broker provide for traders?
On their official websites, brokers must provide the name of the managing company, r egistration certificate, legal address and internal regulatory documents.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.