the Philippines does not license retail forex brokers, so no broker holds a local licence here. That is how this market is built, not a sign of fraud.
XM (SC) Limited
XMGlobal
No local licensing here
Licences across the group
the Philippines does not license retail forex brokers, so no broker holds a local licence here. That is how this market is built, not a sign of fraud.
DIFFERENT legal entities trade under one brand here, on different licences. The one you sign with decides which rung you are on: the protection differs, and the licence the brand advertises on its site may not be the one you get.
XMGlobal
Which company you actually sign with in the Philippines, and whose licence that is.
another company under the same brand
Cyprus Securities and Exchange Commission · 120/10
the company you looked up
Financial Services Authority (Seychelles) · no number published
Registers · last read
Check it yourselfhttps://fsaseychelles.sc/regulated-entities/capital-markets