XM in Malaysia
XM is a regulated online forex and CFD broker with a global presence, including Malaysia. This article provides an overview of XM’s services and offerings for Malaysian traders.
About XM
XM is a brand name for trading companies regulated by various financial authorities worldwide:
- Trading Point of Financial Instruments Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC)
- Trading Point of Financial Instruments Pty Ltd is regulated by the Australian Securities and Investments Commission (ASIC)
- XM Global Limited is regulated by the International Financial Services Commission (IFSC) in Belize
With multiple regulatory licenses, XM ensures client fund security and operates under strict financial frameworks. The broker maintains segregated accounts to keep client funds separate from its operational funds, ensuring additional protection for traders’ investments.
XM has been in operation since 2009, establishing itself as a reputable and trusted broker in the industry. With a global presence spanning over 190 countries and a team of professionals fluent in over 30 languages, XM caters to a diverse client base worldwide. The company’s commitment to client satisfaction is reflected in its numerous industry awards and accolades.
Trading Platforms
XM offers Malaysian clients access to popular trading platforms:
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
- XM WebTrader
These platforms provide advanced charting tools, technical indicators, and customizable features for analyzing and executing trades. XM’s platforms are available on desktop, web, and mobile devices, enabling traders to access the markets anytime, anywhere.
Key features of XM’s trading platforms include:
- Advanced charting tools with over 50 technical indicators
- Multiple order types (market, limit, stop, etc.)
- Real-time pricing and execution
- Customizable layout and workspace
- Automated trading with Expert Advisors (EAs)
- Multi-language support
- One-click trading for swift execution
XM also offers free Virtual Private Server (VPS) hosting for low-latency trading, making it suitable for scalping and high-frequency strategies. The VPS service ensures continuous market access and minimizes potential downtimes, providing a seamless trading experience.
Instruments
Malaysian traders can trade a wide range of instruments through XM, including:
Asset Class | Instruments |
Forex | Major, minor, and exotic currency pairs |
Stocks | CFDs on shares from global exchanges |
Indices | Major global stock indices |
Commodities | Gold, silver, oil, natural gas, and more |
Cryptocurrencies | Bitcoin, Ethereum, Litecoin, and more (available for non-Malaysian residents) |
With over 1,000 tradable instruments across various asset classes, XM provides Malaysian traders with ample opportunities to diversify their portfolios and capitalize on market movements.
Key features of XM’s instrument offering:
- Tight spreads starting from 0.6 pips
- No rejection of orders or re-quotes
- Access to global markets 24/5
- Competitive swap rates for overnight positions
- Hedging and scalping permitted
Account Types
XM offers various account types to cater to different trading preferences and experience levels:- Micro Account: Low minimum deposit, suitable for beginners.
- Standard Account: Flexible trading conditions, suitable for experienced traders.
- Ultra-Low Account: Tight spreads, suitable for scalping and high-frequency trading.
- Islamic Account: Swap-free trading, compliant with Islamic finance principles.
| Account Type | Minimum Deposit | Spreads | Commission |
| Micro | $5 | From 1.0 pips | No commission |
| Standard | $5 | From 0.6 pips | No commission |
| Ultra-Low | $5 | From 0 pips | $7 per lot traded |
| Islamic | $5 | From 1.0 pips | No commission, swap-free |
Education and Research
XM offers a comprehensive suite of educational and research resources to support Malaysian traders:
Educational Resources:
- Video tutorials
- Webinars and seminars
- Trading ebooks and guides
- Trading glossary
- One-on-one coaching sessions (for select account types)
Research Resources:
- Daily market analysis and updates
- Technical and fundamental analysis
- Economic calendar
- Trading signals and trade ideas
- Sentiment indicators and positioning data
These resources are designed to help Malaysian traders enhance their knowledge, develop their trading skills, and stay informed about market developments, regardless of their experience level. XM’s research team comprises experienced analysts and market professionals who provide in-depth insights and actionable trading ideas.
Deposits and Withdrawals
XM provides Malaysian clients with multiple options for depositing and withdrawing funds:
- Credit/Debit Cards
- Bank Wire Transfer
- Neteller
- Skrill
- FPX (Malaysia’s online banking system)
Most deposit methods are instant, while withdrawals may take 1-5 business days, depending on the method chosen.
Key features of XM’s deposit and withdrawal process:
- No fees for deposits and withdrawals
- Secure and encrypted transactions
- Multi-currency support
- Dedicated client support for deposit/withdrawal queries
- Streamlined verification process for seamless account funding
All withdrawals are subject to thorough security checks to ensure the safety of client funds and prevent any unauthorized transactions.
Real User Reviews
“I’ve been trading with XM for over a year, and their customer support has been exceptional. Whenever I have a query, their representatives respond promptly and provide helpful solutions.” – Amir, Kuala Lumpur
“As a beginner trader, I appreciate XM’s educational resources and user-friendly platforms. The demo account allowed me to practice risk-free before investing real money.” – Nurin, Johor Bahru
“XM’s tight spreads and fast execution have been crucial for my scalping strategy. I’m pleased with their overall trading conditions.” – Zulfakar, Penang
Frequently Asked Questions
No, XM is not directly regulated in Malaysia. However, it operates under licenses from reputable financial authorities in Cyprus, Australia, and Belize, ensuring client protection and adherence to strict regulatory standards.
The maximum leverage available to Malaysian residents trading with XM is 1:500, as per the regulations set by the International Financial Services Commission (IFSC) in Belize.
Yes, XM provides a free demo account that allows Malaysian traders to practice trading in a risk-free environment using virtual funds. The demo account replicates the live trading conditions and can be used indefinitely.
