@ Hadi:
In terms of regulation and legitimacy, if you join broker XM, XM UK is regulated by the FCA UK, XM Australia by ASIC, while XM Cyprus is regulated by CySEC and XM Global is regulated by IFSC Belize.
FCA UK and ASIC are internationally credible regulatory bodies. Internationally credible regulatory bodies are those that have been tested and recognized worldwide, and impose strict sanctions on brokers if they violate agreed-upon terms. These regulatory bodies are also responsible for the security of client funds.
In terms of experience and client trust, broker XM has been serving since 2009 and is still active with millions of clients. If a broker is declared a scam, there are usually major cases with many clients complaining with evidence, and after follow-up by the regulator, the broker will be suspended/sanctioned/or prohibited from operating again.
Therefore, with proof that XM is a broker that actively serves many clients to this day, it can be concluded that XM is not a scam broker.
To add insight into how to recognize scam brokers, please open these articles: