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Is XM broker allowed to operate in Singapore?

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@chaka_muanzi - 9 months ago - Forex Education

A friend of mine tried to access XM website from Singapore and it was giving him an error message. Is there any problem with XM in Singapore? Thanks guys

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@cahaya_dewan - 9 months ago

The XM broker website has been blocked by the government of Singapore. From my understanding, the reason for the blockage was because XM was allegedly marketing their services to Singaporeans without a license from the Monetary Authority of Singapore (MAS). See the full statement here: https://www.mas.gov.sg/news/media-releases/2025/blocking-of-unregulated-overseas-online-trading-platforms

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@yokoyi - 9 months ago

XM and Octafx broker websites were blocked by the market regulatory authority in Singapore, that should explain why your friend cannot access the sites.

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