Survey Reason

In 2026, the Cyprus forex market overall showed a trend of total volume growth and structural divergence. Although the local authorities have not released official overall trading volume data, the operations of top-tier brokers remained stable. Affected by bank account opening restrictions, the retail forex market faced significant pressure: small and medium-sized brokers found it difficult to connect with major bank accounts, and instead turned to second- and third-tier banks, increasing fund security risks. Currently, the Cyprus forex industry is in a transitional phase of regulatory reshaping, structural adjustment, and innovation breakthroughs. In the short term, hindered bank cooperation and rising compliance costs continue to compress the survival space of small and medium-sized brokers. In the medium to long term, relying on tax advantages, geographic location, and digital upgrades, the industry will develop towards specialization and institutionalization. Top-tier enterprises leverage technology and global layout to gain advantages, while small and medium-sized brokers need to rely on differentiated services and deep cultivation of regional markets for development. Overall, Cyprus remains a core forex trading hub in the EU, and its industry position depends on the stability of regulatory policies and the implementation effectiveness of fintech. To objectively present the true operational status of local forex institutions to investors, the survey team went to Cyprus to conduct this on-site inspection.

Survey Process 

The target of this on-site survey is forex broker XM, whose public office address is 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol. The survey team followed the public information to this address to conduct a rigorous on-site verification. Upon arriving at the destination, it can be seen that the office building is located in a core area of the local district, with excellent location conditions. The building's exterior is grand and orderly, and the XM brand logo is striking and clear, with high recognizability.

After entering the building, the security management was strict and standardized, and the visitor registration process was orderly. The lobby signage system was complete, clearly indicating XM-related information. After obtaining permission, the surveyors entered the internal office area. The overall office space was independent and spacious, with a reasonable layout, exquisite and modern decoration, and a bright and clean environment. The functional areas were well divided, with complete supporting facilities. The overall operational atmosphere was professional and orderly.

During the visit, the staff performed their duties diligently and communicated appropriately, demonstrating excellent professionalism and a positive work attitude. After on-site verification, it was confirmed that the actual business address of XM's licensed company in Cyprus was exactly the same as the registered regulatory address. This broker holds regulatory licenses from multiple authoritative financial institutions in various countries, achieving multiple effective regulations. It has always adhered to legal and compliant operations and is a benchmark enterprise for compliant operation in the industry.

In addition, XM has always fulfilled its corporate social responsibility, actively participating in various public welfare projects such as international aid, medical assistance, education support, and global development for a long time, continuously delivering goodwill and love to all parts of the world. Based on the on-site observations, the company's office operations system is complete and its morale is good. The compliance qualifications are solid and its overall strength is outstanding.

Survey Summary

The surveyors went to Cyprus as planned to conduct an on-site visit. The actual business address of forex broker XM matched the regulatory address, and the physical office space truly exists. This platform holds multiple authoritative regulatory licenses and a complete compliance system. At the same time, it actively engages in public welfare. Its overall performance is excellent. Please make your choice after comprehensive consideration.

Survey Disclaimer

The above content and opinions are for reference only and should not be considered as a basis for final decision.