How Indian Residents Should Verify a Forex Trading Platform Before Using XM

Indian residents asking is XM allowed in India should start with RBI records, not a live website. The Alert List updated 19 November 2025 names XM and xm.com at item 33. Overseas licences do not create Indian authorisation, LRS cannot be used for overseas margin, and cashback does not change FEMA. This update keeps the live page on that verification path.

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