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XM

Trading Point of Financial Instruments Ltd · Cyprus / Belize

Not SPK AuthorizedCySEC · Cyprus· 120/10ASIC · Australia· 443670
Reviewed by: FXŞikayetvar Editör EkibiUpdated: Methodology

Is XM reliable? XM holds licenses from CySEC, ASIC but is not authorized by the SPK in Türkiye, so local investor protection does not apply for Turkish clients.

Verdict

Not SPK Authorized

XM is regulated abroad but is not SPK-authorized in Türkiye; local investor protection is limited.

3.9/ 57.7 / 10 FX Trust Score2 user reviews

Risk warning. Leveraged forex trading carries high risk and in Türkiye may only be offered by SPK-authorised intermediaries; leverage is capped at 1:10 (half of that may apply if the initial margin at account opening is below TRY 50,000). This content is not investment advice; user statements belong to their authors.

Pros

  • Tier-1 regulator (CySEC)
  • Verifiable license number
  • MT4 / MT5 support
  • Established (17+ years)
  • Offers a demo account

Cons

  • Not SPK-authorized in Türkiye
  • Reported user risk signals

Top Complaints

Para çekme süreci uzun sürdü

Para Çekme

Kullanıcı beyanlarından derlenmiştir: para çekme onayında gecikme yaşandığına dair bildirimler bulunuyor.

· derlenmiş kullanıcı beyanı

Hesap doğrulaması istendi

Destek

Kullanıcı beyanlarından derlenmiştir: çekim öncesi ek belge/doğrulama talep edildiğine ilişkin gözlemler paylaşılmıştır.

· derlenmiş kullanıcı beyanı
See all complaints →

Frequently Asked Questions

Is XM safe?

Our FX Trust Score for XM is 7.7 out of 10. The firm is not authorised by SPK, so legal protection for investors resident in Türkiye is limited. Leading risk flag: spk tarafından yetkilendirilmemiştir. The score is a weighted summary of public data, not a guarantee.

What country is XM from?

XM (Trading Point of Financial Instruments Ltd) states its headquarters as Kıbrıs / Belize, operating since 2009. Registered regulators: CySEC (120/10), ASIC (443670).

Which company owns XM?

XM states that the brand is operated by Trading Point of Financial Instruments Ltd. Shareholding structure and ultimate beneficial owners could not be verified from public sources and are therefore not listed here; check the entity in the relevant regulator’s official register.

Is XM approved by SPK?

No. XM is not authorised by SPK. It declares ASIC licences, but those do not confer the right to operate in Türkiye. Only SPK-authorised firms may offer forex in Türkiye.

It is regulated globally; however there is no SPK protection in Türkiye, and leveraged trading carries high risk.

User reports include observations about withdrawal times; details are in the complaints section.

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