Is XM legal in Malaysia?
Yes, we consider XM a safe broker for Malaysians to trade with. It maintains regulation from some of the world’s top regulators, including CySEC of Cyprus, the UK’s FCA, Dubai’s DFSB, ASIC in Australia, and the IFSC of Belize.
Where is XM located?
New York City
Sirius XM Holdings Inc. is an American broadcasting company headquartered in Midtown Manhattan, New York City that provides satellite radio and online radio services operating in the United States….Sirius XM.
| Type | Public |
|---|---|
| Headquarters | 1221 Avenue of the Americas, New York City , United States |
| Area served | United States and Canada |
Where is XM broker from?
Cyprus
About XM Group The Group’s first entity was founded in 2009 in Cyprus and is regulated by CySEC (license 120/10) under the name Trading Point of Financial Instruments Ltd. In 2015, the Group established an entity in Sydney, Australia, regulated by ASIC (license number 443670).
How can I join Forex in Malaysia?
To trade Forex in Malaysia in a legal way is to use one of the approved institutions or brokers and maintain an Islamic account. A broker or agent must be deemed to be Shariah-compliant. Some shariah-compliant brokers that have received good reviews by users worldwide are AvaTrade, eToro, FXTM, and markets.com.
Is XM legal?
No, XM is no a scam. We consider XM a safe broker to trade Forex and CFDs. It is regulated and licensed by severl top-tier financial authorities including FCA, ASIC, CySEC. Therefore, it is secure and low-risk to trade.
Which forex broker is best in Malaysia?
Best Forex Brokers Malaysia
- IG – Best overall broker 2021, most trusted.
- Saxo Bank – Best for research, trusted global brand.
- Interactive Brokers – Great for professionals and institutions.
- XTB – Best customer service, great trading platform.
- FOREX.com – Great all-round offering.
- AvaTrade – Multiple trading platform options.
What does XM stand for?
| Acronym | Definition |
|---|---|
| XM | External Master |
| XM | No Modulation (satellite radio) |
| XM | Execution Manager CSCI |
| XM | Cross Modulation Ratio |
What is the minimum deposit for XM?
The minimum deposit at XM is $5.
| XM | FxPro | |
|---|---|---|
| Minimum deposit | $5 | $100 |
Is XM a trustworthy broker?
We consider XM a safe broker to trade Forex and CFDs. It is regulated and licensed by severl top-tier financial authorities including FCA, ASIC, CySEC. Therefore, it is secure and low-risk to trade.
Which bank does XM use?
XM.Com Overall Summary
| 🥇Publicly Traded (Listed) | No |
| 🏦Bank | No |
| 🗺️ Country of regulation | Australia, Belize, Cyprus, United Arab Emirates |
| 🗺️Authorized in the European Union | Yes |
| 🏆Awards | Yes |
Which trading account is best in Malaysia?
Best Trading Platforms Malaysia Reviewed
- Capital.com – Overall Best Broker in Malaysia and Singapore.
- Plus500 – Best Trading Platform Malaysia and Singapore for Asset Diversity.
- Libertex – Best Broker in Malaysia and Singapore for ZERO Spreads.
- Skilling – Best Trading Platform Malaysia and Singapore for Leverage.
Is XM good for beginners?
Based on our scoring methodology, XM is not considered good for beginners.
Is there a XM trading company in Malaysia?
XM Global Limited is licensed by the Belize IFSC under license number 000261/104. Malaysian traders will be trading under the subsidiary, XM Global Limited, regulated by the Belize IFSC.
What kind of broker is XM trading desk?
XM Group (XM) is a dealing desk broker offering trading on multiple instruments, including Forex, stock CFDs, commodities, equities, precious metals, energies, and shares. Trading costs are slightly higher than other market makers on two of its accounts, with spreads averaging at 1.7 pips on the EUR/USD.
What do you need to know about XM Live Chat?
XM Live Chat. By clicking the “Start chat” button, you agree for your personal data provided via live chat to be processed by XM, as per the Company’s Privacy Policy, which serves the purpose of you receiving assistance from our Customer Support Department.
How to log in to members area XM?
Use your MT4/MT5 real account number and password to log in to the Members Area. Forgot your password? New to XM?