Is XM Group Legal in Greece? ✓ Yes

Yes, XM Group is legal in Greece. The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 120/10, which allows it to offer services to Greek traders under the European MiFID II passporting regime. Greek traders can open accounts using their National ID or passport and deposit via local payment methods like Bank Transfer, Skrill, USDT, or Credit Card.

XM Group is regulated by multiple authorities, but for Greek traders, the most important regulator is the Cyprus Securities and Exchange Commission (CySEC) under license number 120/10. CySEC is a recognized European regulator and operates under the MiFID II directive, which allows XM Group to passport its services into Greece without needing a separate Greek license. This means Greek traders are protected by EU investor compensation schemes (up to €20,000) and have access to dispute resolution through the Financial Ombudsman Service. Additionally, XM Group holds licenses from ASIC (Australia), IFSC (Belize), DFSA (Dubai), and FSC (Mauritius), but the CySEC license is the most relevant for Greece. The broker must comply with strict capital adequacy, client fund segregation, and reporting requirements under EU law. Greek traders should note that XM Group is not directly regulated by the Hellenic Capital Market Commission (HCMC), but its CySEC authorization is sufficient for legal operation in Greece. Always verify the license on CySEC's official register to ensure it is current and valid.

XM Group is considered a safe broker for Greek traders due to several key protections. First, client funds are held in segregated accounts with top-tier banks, meaning your money is separate from the broker's operational funds. Second, XM Group offers negative balance protection, which is mandatory under CySEC/EU regulations, ensuring Greek traders cannot lose more than their deposited amount. The broker has been in operation since 2009, with a solid track record and high trading volumes. It holds a score of 4.3 on comparebroker.io, reflecting positive user reviews and industry reputation. Additionally, XM Group is covered by the Investor Compensation Fund (ICF) of Cyprus, which provides up to €20,000 in compensation if the broker defaults. For Greek traders, this is an extra layer of security. The broker also undergoes regular audits by Deloitte and publishes financial reports. While no broker is 100% risk-free, XM Group's regulatory framework and operational transparency make it one of the safer choices for Greek retail traders.

XM Group offers competitive trading conditions tailored for Greek traders. The maximum leverage for retail clients is 1:30 for major forex pairs, in line with ESMA regulations, but professional clients can access up to 1:500 leverage. The minimum deposit is just $5 (USD), making it accessible for beginners. Greek traders can choose from three powerful platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and XM's proprietary WebTrader. Both MT4 and MT5 are available on desktop, web, and mobile. Islamic (swap-free) accounts are available for Greek traders who require Sharia-compliant trading, with no overnight swap charges. The broker offers over 1000 trading instruments including forex, indices, commodities, stocks, and cryptocurrencies. Spreads start from 0.6 pips on standard accounts and 0.0 pips on zero accounts with a commission. Execution is fast with no requotes, and Greek traders benefit from 24/5 multilingual customer support in Greek and English. The broker also provides free educational resources, webinars, and market analysis.

Greek traders can fund their XM Group accounts using several local payment methods. Bank Transfer is available, typically taking 1-3 business days with no fees from XM (though your bank may charge). Skrill is a popular e-wallet option with instant processing and no fees. USDT (Tether) deposits are supported for crypto users, processed instantly with no additional charges. Credit and debit cards (Visa, Mastercard) are also accepted, with instant deposits and no fees. The minimum deposit is $5 (USD) for most methods, though bank transfers may require a minimum of $50. All deposits are processed in USD, but XM automatically converts at competitive rates. There are no deposit fees charged by XM Group, but Greek traders should check with their payment provider for any local charges. Withdrawals are processed within 24 hours for most methods, and the broker does not charge withdrawal fees. Greek traders can use the same method for withdrawals, ensuring convenience and speed.

Opening an XM Group account from Greece is a straightforward, fully digital process. Step 1: Visit the XM Group website and click 'Open Account'. Step 2: Fill in your personal details including full name, email, phone number, and country (Greece). Step 3: Choose your account type (Standard, Micro, or Zero) and base currency (USD). Step 4: Complete the verification process by uploading a clear copy of your National ID or Passport (both are accepted for Greek residents). Step 5: Provide proof of residence—this can be a recent utility bill, bank statement, or government document showing your Greek address. Step 6: Answer a few questions about your trading experience (required for compliance). Step 7: Once verified (usually within 1-24 hours), you can deposit funds and start trading. Greek traders can also request an Islamic account during registration. The entire process can be done from a smartphone or computer, and customer support is available in Greek to assist with any issues.

For Greek traders looking for a reliable and regulated forex broker, XM Group is a solid choice. It is fully legal in Greece thanks to its CySEC regulation under MiFID II, offering strong investor protections including segregated funds, negative balance protection, and compensation coverage up to €20,000. The broker's low minimum deposit ($5), multiple platforms (MT4/MT5), and support for local payment methods like Bank Transfer, Skrill, USDT, and Credit Card make it accessible for both beginners and experienced traders. The availability of Islamic accounts and professional-grade leverage options adds flexibility. While no broker is perfect, XM Group's 4.3 rating, 16-year track record, and transparent operations give Greek traders confidence. However, always trade responsibly—leverage can amplify losses, and forex trading carries significant risk. We recommend Greek traders verify the broker's license with CySEC and consult a local tax advisor regarding profit reporting. Overall, XM Group is a legal, safe, and well-regulated option for retail forex trading in Greece in 2026.