Empire FX Trade vs XM: licences compared
Side-by-side view of each broker's licences, regulator tiers and key facts. Remember that protection depends on which entity holds your account.
| Attribute | Empire FX Trade | XM |
|---|---|---|
| Licence Score | 27Weak | 70Strong |
| Strongest licence | 3 Tier 3 | 1 Tier 1 |
| Licences on record | 1 | 7 |
| 1 ASIC Australia | — | Licensed |
| 2 CySEC Cyprus | — | Licensed · Licence 120/10 |
| 2 FSCA South Africa | — | Licensed |
| 2 DFSA United Arab Emirates | — | Licensed |
| 3 CMA (Kenya) Kenya | Licensed | Licensed |
| 4 FSA (Seychelles) Seychelles | — | Licensed |
| 4 FSC (Belize) Belize | — | Licensed |
| Founded | 2019 | 2009 |
| Headquarters | Kenya | Cyprus |
| Type | Forex & CFD broker | Forex & CFD broker |
| Publicly listed | No | No |
| Platforms | MT4, MT5 | MT4, MT5 |
| Minimum deposit | — | US$5 |
| Visit | Visit site |
Frequently asked questions
Is Empire FX Trade or XM better regulated?
XM has the higher Licence Score (70 vs 27), based on the number and tier of licences, operating history and public listing.
Which regulators license both Empire FX Trade and XM?
Both are matched to licences from CMA (Kenya).