Are XM and AvaTrade SPK licensed?

XM: not SPK authorized. AvaTrade: not SPK authorized.

XM vs AvaTrade: Which Is More Reliable?

AvaTrade scores higher (FX Trust Score 8.9) than XM (8.5). Both should be assessed for SPK authorization.

Risk warning. Leveraged forex trading carries high risk and, in Türkiye, is subject to SPK regulation (1:10 leverage cap, ~50,000 TRY margin). This content is not investment advice; user statements belong to their authors.

XM

8.5 / 10

Not SPK Authorized

Cyprus / Belize

Founded: 2009

Platform: MT4, MT5

Regulator: CySEC, ASIC

2 complaints

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AvaTrade

8.9 / 10

Not SPK Authorized

Ireland / BVI

Founded: 2006

Platform: MT4, MT5, AvaTradeGO

Regulator: CBI, ASIC

1 complaints

See review →

Frequently Asked Questions

Which is more reliable, XM or AvaTrade?: AvaTrade scores higher (FX Trust Score 8.9) than XM (8.5). Both should be assessed for SPK authorization.
Are XM and AvaTrade SPK licensed?: XM: not SPK authorized. AvaTrade: not SPK authorized.