Is my money safe with XM? How does XM protect my funds and acconts? Table of Contents
XMTrading protects your money
XMTrading is operated by Tradexfin Limited, which ensures the safety of client funds and consumer protection as per the applicable laws and regulations.
XM brands put their priority to the fund security for its clients.
How client’s funds are protected by XM is different depending on the jurisdiction you are in.
Thus, the measures that XMTrading undertakes include the following:
1. Segregation of clients’ funds
Clients’ funds get transferred to the Company’s segregated client bank account.
These funds are off balance sheet and cannot be used to pay creditors in the unlikely event of Company insolvency.
XM does not use client’s funds to run the broker’s service.
2. Bank accounts
XM maintains client and operational bank accounts with banking institutions of great repute.
3. Supervision by the regulator
As a regulated Securities Dealer Licensee, XM is obliged to meet strict financial requirements.
XM is thus required by law to maintain sufficient liquid capital in order to cover clients’ deposits, possible fluctuations in the Company’s currency positions, and any outstanding costs.
XM’s regulator is informed by any deficiencies in a detailed audit submitted by an independent internal auditor every year.
Please check XM official website or contact the customer support with regard to the latest information and more accurate details.
XM official website is here.
Please click "Introduction of XM", if you want to know the details and the company information of XM.
(Forex Broker)
Comment by Diletta
March 26, 2024
Awesome bonuses, good leverage. A few hiccups, but support rocks!