Is XM legal in Philippines?
The SEC has repeatedly warned against unlicensed online forex platforms. Retail forex is not broadly licensed domestically, so most trading uses offshore brokers — understand the reduced protection.
XM does not hold a SEC Philippines / Bangko Sentral licence specifically for Philippines in our records, so Filipino clients are typically served through XM's international/offshore entity. That means you rely on that entity's regulation rather than local Philippines protection — check which entity you're signing up with.
XM's regulation
Trading Point group — regulated by CySEC (Cyprus), ASIC (historically), DFSA (Dubai), FSC (Belize), FSCA (South Africa). Many retail clients via the offshore entity (Belize).
For Filipino traders
Before you trade from Philippines
Laws change and are enforced differently — this is general information, not legal advice. Always confirm the current rules with SEC Philippines / Bangko Sentral and verify which XM entity serves Philippines. Trading Forex/CFDs is high-risk and can lose all your capital.
XM in other countries
Update history
- 2026-08-01
Availability and local-regulation context reviewed.