As an internationally renowned forex broker, XM.com Group has obtained regulatory licenses from multiple major regulatory authorities in various countries and regions, providing a solid institutional guarantee for its compliant operations and the safety of client funds.

Belize IFSC Regulation

Firstly, XM is licensed by the International Financial Services Commission (IFSC) in Belize, with license number IFSC/60/354/TS/19.

The Belize IFSC is a strict regulatory authority that imposes stringent requirements on licensed brokers in terms of capital, risk control, and auditing. According to IFSC regulations, XM must segregate client funds from its operating funds and maintain them in separate bank accounts to prevent misuse. Additionally, XM is required to submit regular audit reports to the IFSC to ensure its financial stability.

Cyprus CySEC Regulation

Secondly, XM has obtained a license from the Cyprus Securities and Exchange Commission (CySEC) in Europe, with license number 120/10.

As a regulatory body of an EU member state, CySEC strictly adheres to the EU's MiFID directive, with clear regulations on client fund segregation and anti-money laundering obligations. According to CySEC requirements, XM must fulfill comprehensive anti-money laundering obligations, verifying client identities to ensure the legality of fund sources.

Australian ASIC Regulation

Furthermore, XM has also been licensed by the Australian Securities and Investments Commission (ASIC), with license number 443670.

ASIC is globally recognized as one of the strictest forex regulatory authorities, with clear regulations on various compliance requirements for brokers. ASIC requires XM to maintain sufficient operating capital and establish comprehensive internal control and auditing mechanisms to monitor fund flows throughout the process, taking immediate action in case of any abnormalities.

In addition to these three major regulatory authorities, XM is also supervised by more than 10 other national and regional regulatory bodies, such as the FCA in the UK and BaFin in Germany, forming a multi-layered regulatory compliance structure.

Responsibilities of Regulatory Authorities

The main responsibilities of these regulatory authorities include:

1. Formulating and enforcing relevant regulations, supervising brokers' compliant operations

2. Reviewing and approving brokers' license applications

3. Conducting on-site and off-site inspections of brokers

4. Handling investor complaints and protecting investor rights

5. Sanctioning non-compliant brokers and maintaining market order

Through multi-layered regulation by these authorities, XM.com is provided with strong guarantees in terms of compliance, fund safety, and fair trading practices.

User Feedback

Nevertheless, we at FxGecko have received some dissatisfied feedback from users regarding XM.com, including:

• - Low efficiency in withdrawal processing, delaying withdrawal times

• - Setting obstacles for certain clients' profits, limiting withdrawals

• - Poor customer service attitudes in some cases

As a third-party assessment institution, FxGecko will continue to monitor the dynamics of XM.com, objectively recording and evaluating its compliance status, and providing users with the latest risk references. We urge XM to further strengthen its internal management and effectively protect the rights and interests of its clients.

Overall, through multiple regulatory licenses, XM.com has established institutional guarantees for its compliant operations and the safety of client funds. However, no broker can be 100% perfect, and traders should still consider evaluations from other channels when making their choice.