Fortrade 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 | Fortrade | XM |
|---|---|---|
| Licence Score | 71Strong | 70Strong |
| Strongest licence | 1 Tier 1 | 1 Tier 1 |
| Licences on record | 4 | 7 |
| 1 FCA United Kingdom | Licensed | — |
| 1 ASIC Australia | Licensed | Licensed |
| 1 CIRO Canada | Licensed | — |
| 2 CySEC Cyprus | Licensed | Licensed · Licence 120/10 |
| 2 FSCA South Africa | — | Licensed |
| 2 DFSA United Arab Emirates | — | Licensed |
| 3 CMA (Kenya) Kenya | — | Licensed |
| 4 FSA (Seychelles) Seychelles | — | Licensed |
| 4 FSC (Belize) Belize | — | Licensed |
| Founded | 2013 | 2009 |
| Headquarters | United Kingdom | Cyprus |
| Type | Forex & CFD broker | Forex & CFD broker |
| Publicly listed | No | No |
| Platforms | Proprietary, MT4 | MT4, MT5 |
| Minimum deposit | US$100 | US$5 |
| Visit | Visit site | Visit site |
Frequently asked questions
Is Fortrade or XM better regulated?
Fortrade has the higher Licence Score (71 vs 70), based on the number and tier of licences, operating history and public listing.
Which regulators license both Fortrade and XM?
Both are matched to licences from ASIC and CySEC.