Is XM legal in Vietnam?
Retail forex via offshore brokers sits in a legal grey area in Vietnam — it is not clearly licensed domestically and authorities have warned about unlicensed platforms. Proceed with caution and understand the local risk.
XM does not hold a State Bank of Vietnam licence specifically for Vietnam in our records, so Vietnamese clients are typically served through XM's international/offshore entity. That means you rely on that entity's regulation rather than local Vietnam 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 Vietnamese traders
Before you trade from Vietnam
Laws change and are enforced differently — this is general information, not legal advice. Always confirm the current rules with State Bank of Vietnam and verify which XM entity serves Vietnam. 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.