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XM ZA (Pty) Ltd acts solely as an intermediary in terms of the FAIS Act, rendering only an intermediary service (i.e., no market making is conducted by XM ZA) in relation to derivative products offered by XM Global Limited (i.e., the Product Supplier).

XM ZA (Pty) Ltd is authorised by the Financial Sector Conduct Authority (FSCA) in South Africa as a Financial Service Provider (FSP) with authorisation number 49976. XM Global Limited is authorised and regulated by the Financial Services Commission (FSC) with license number 000261/27. Should you wish to open an account, your account will be opened with XM Global Limited, which will be the counterparty and act as a principal to your trades. XM Global Limited falls outside the South African regulatory framework and Belize's laws and regulations will apply in relation to your account.

Risk warning: Our services involve a significant risk and can result in the loss of your invested capital. Please ensure you fully understand all the risks involved.