Is XM regulated in Ecuador?
No licence from the Superintendencia de Compañías, Valores y Seguros (SCVS) among the 7 XM entities we confirmed. XM holds licences from FSC Belize (8557558), CySEC (120/10), DFSA (F003484), FSCA (FSP 49976), CMA Kenya (233), FSC Mauritius (GB23202700) and FSA Seychelles (SD190).
Facts checked 29 Oct 2026 on XM's own site and the regulators' registers. Information only, not advice.
The licence check, in one table
- Local regulator
- Superintendencia de Compañías, Valores y Seguros (SCVS)
- Licence valid in Ecuador
- None among the entities we confirmed
- Company that serves you
- Not published by XM for Ecuador; your sign-up documents name the company
- XM's licences
- FSC Belize 8557558CySEC 120/10DFSA F003484FSCA FSP 49976CMA Kenya 233FSC Mauritius GB23202700FSA Seychelles SD190
- Local rules
- As far as we could find, the SCVS supervises the domestic securities market, not foreign forex or CFD brokers.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail CFD accounts lose money. See the full XM review and our Ecuador page.
3 brokers to check in Ecuador
From the brokers we review that are open to traders in Ecuador, then by TFB Score.
FP Markets reviewTFB Score 92/100
IG reviewTFB Score 92/100
Pepperstone reviewTFB Score 92/100
Frequently asked questions
Short answers, from the facts shown on this page.
Is XM regulated in Ecuador?
No licence from the Superintendencia de Compañías, Valores y Seguros (SCVS) among the 7 XM entities we confirmed. XM holds licences from FSC Belize (8557558), CySEC (120/10), DFSA (F003484), FSCA (FSP 49976), CMA Kenya (233), FSC Mauritius (GB23202700) and FSA Seychelles (SD190).
Which regulator oversees forex brokers in Ecuador?
Superintendencia de Compañías, Valores y Seguros (SCVS). As far as we could find, the SCVS supervises the domestic securities market, not foreign forex or CFD brokers. You can check a firm on its register: https://www.supercias.gob.ec.
Which XM company would open my account in Ecuador?
Not published by XM for Ecuador; your sign-up documents name the company.
Which brokers should I look at in Ecuador?
FP Markets, IG and Pepperstone, from the brokers we review that are open to traders in Ecuador, in order of licence and TFB Score.
Forex trading at these brokers is done through CFDs (contracts for difference): you trade on the price moving up or down, without owning the currency itself.Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you can afford to take the high risk of losing your money. Read the full risk warning