- ASF's public register distinguishes Romanian firms, branches and EEA firms providing services directly
- Trading Point of Financial Instruments Ltd appears in ASF's incoming-firm register under PJM01FISMCYP1151
- Retail CFD safeguards include leverage bands, margin close-out, negative-balance protection, risk warnings and an incentive ban
- Passport registration does not make the company Romanian-licensed and compensation follows its home scheme
- ANAF guidance includes derivatives and foreign investment income in declaration rules; exact tax treatment depends on intermediary and residence facts
Affiliate disclosure: ForexTradeLab may earn a commission from qualifying partner links, without increasing your cost. Read our affiliate disclosure.
Quick Decision Framework#
Short Answer
A Romanian resident should verify the exact company in ASF's public register and investor alerts, then confirm its home licence. ASF's register lists Trading Point of Financial Instruments Ltd as a Cyprus firm providing services directly in Romania under code PJM01FISMCYP1151. Live account eligibility and terms still require confirmation.
Detailed Explanation
Cross-border registration is not a Romanian licence. CySEC remains the home licensing authority while ASF records the incoming route. Retail CFD documents should show product-based leverage, 50% account-level margin close-out, negative-balance protection, standard risk warnings and no incentives. Reviewed public sources did not establish RON funding. ANAF's 2026 Single Declaration guidance includes derivatives and foreign investment income; exact treatment depends on the intermediary and transaction facts.
Example
The agreement, ASF entry and CySEC record should match the same Cyprus company, address, licence 120/10 and approved domain before any RON or EUR conversion.
Common Mistake
Using the ASF entry to claim every XM entity, account, product, RON method or promotion is available in Romania.
Professional Tip
Save both the ASF and CySEC records, every conversion receipt and complete statements for the Romanian Single Declaration before treating the account as fully documented.
Local market frictions unique to Romania#
Short answer: ASF identifies Trading Point of Financial Instruments Ltd as a direct-service EEA firm under code PJM01FISMCYP1151, but that record applies only to that entity.
Detailed explanation: CySEC remains the home licensing authority while ASF records the incoming route. Reviewed public sources did not establish RON funding, and ANAF reporting can differ with the intermediary's Romanian tax presence and transaction facts.
Example: The agreement, ASF entry and CySEC record should match the Cyprus company, address, licence 120/10 and approved domain before any RON/EUR conversion.
Common mistake: Using the ASF entry to claim every XM entity, account, product, RON method or promotion is available in Romania.
Professional tip: Save both register records, every conversion receipt and complete statements for the Romanian Single Declaration and tax review.
Detailed explanation#
Cross-border registration is not a Romanian licence. CySEC is the home authorising authority, while ASF records the incoming firm and publishes local alerts. Retail CFD documents should show product-based leverage, 50% account-level margin close-out, negative-balance protection, standard risk warnings and no incentives.
Example: the agreement, ASF record and CySEC record should all identify the same Cyprus company, address and licence 120/10, and CySEC should approve the domain used.
Common mistake: assuming the ASF record proves every XM account type, product, RON payment method or promotion is available.
Professional tip: keep the KID, agreement, costs, execution policy, complaint route and proof of every RON/EUR conversion.
XM verification for Romania#
The ASF record and CySEC licence support the regulatory route for Trading Point. XM says account-applicable legal documents are identified during registration. Current acceptance, retail classification, instruments, account type, funding methods and promotions remain live-flow facts.
An offshore group entity is not covered by the Romanian passport record. Do not accept it merely for higher leverage.
Products, payments and protection#
Verify each product's KID/specification, including classification, leverage, contract size, hours, spread, commission and financing. Public sources do not establish RON funding. Confirm the complete payment path after entity assignment, use a same-name source and test a small withdrawal.
Negative-balance protection limits CFD-account liability. Investor compensation follows the Cyprus entity's eligible home-scheme claims and does not reimburse trading losses.
Tax note#
ANAF's 2026 Single Declaration guidance includes gains from securities and other financial operations, including derivatives, and foreign income taxable in Romania. Withholding and declaration differ depending on the intermediary's Romanian tax presence and the transaction facts. Keep statements and obtain Romanian tax advice; do not apply an old headline rate automatically.
See how to choose a reliable forex broker, is XM safe? and forex risk management.
Glossary (country-specific)#
Terms that matter specifically for Romania traders — not a generic pip dictionary.
- ASF: Autoritatea de Supraveghere Financiară.
- RON conversion: Extra FX layer when account base is EUR/USD.
- Retail CFD protections: ESMA-style levers vs offshore marketing.
Risk warning: CFDs are complex leveraged products and can cause rapid losses. Never trade with borrowed money.
Comments
Add a useful note for other traders. We review comments before publishing.