XM (formerly XEMarkets) is a Cyprus-based forex and CFD broker founded in 2009 and regulated by the Cypriot financial supervisory authority CySEC. XM is also regulated by the British Financial Conduct Authority (FCA) and is registered there as a financial services provider. NordFX is an internationally oriented forex broker offering its website and trading platform in more than 20 languages. The company, which is based in India, was founded in 2008 and is regulated by the Indian Securities and Exchange Commission. NordFX is a NDD Broker in terms of broker type.