XM. Axiory. HotForex. Axi. Admiral Markets. XTB. Exness. It is very beneficial to make sure that the best forex brokers in Malaysia you use, have a Capital Markets Services License (CMLS), issued by the Securities Commission of Malaysia (SCM). The body regulates all activities of the top forex brokers in Malaysia 1/12/ · Is XM safe or a scam? The XM broker group of entities stuck to enhanced regulatory standards as the broker is fully compliant with the necessary regulation policies Operating System: MT4, MT5, XM Webtrader 2/25/ · You Malaysians can read Bahasa-lah! I’ll elaborate on ONE POINT based on what was written on MoshedFX here: How A Ponzi Scheme Looks Like (Moneygame Hiding Behind The Prefix Of Being A Forex Broker) There’s fixed return income and ROI. For example; % ROI A MONTH WITHOUT TRADING!Estimated Reading Time: 3 mins
XM Review �� XM Trading a Scam or Legit Forex Broker ()
Visit Broker. Forex Malaysia follows a strict editorial standard in our review process. We may receive compensation when you click on links to products we review. Please read our advertising disclosure. XM Group XM is a dealing desk broker offering trading on multiple instruments, xm forex malaysia scam, including Forexstock CFDscommodities, xm forex malaysia scam, equities, precious metalsenergies, and shares. Trading costs are slightly higher than other market makers on two of its accounts, with spreads averaging at 1.
However, trading conditions are much more competitive on the Ultra Low Account, with spreads starting at 0. With fast execution times and good analysis software, XM is a great broker for scalpers, day traders, and long-term traders.
It also provides a world-class repository of educational and market analysis materials to get new traders started. Lastly, trading is offered on both the MT4 and MT5 platformsand the responsive and knowledgeable customer service is available to help with any account or technical queries. Is XM Group Safe? Founded in and headquartered in CyprusXM Group has grown into a large and well-established international investment firm with over 3, clients worldwide.
XM is a brand name of Trading Point Group and is regulated by Cyprus Securities and Exchange Commission CySECthe Australian Securities and Investments Commission ASICthe Financial Conduct Authority FCA UK, the Dubai Financial Services Board DFSBand the International Financial Services Commission IFSC Belize. See below for details:, xm forex malaysia scam.
Malaysian traders will be trading under the subsidiary, XM Global Limitedregulated by the Belize IFSC. Unlike regulators such as the FCA and ASICthe IFSC has gained a reputation for being less stringent with regard to the regulation of financial services providers. However, it does require that brokers keep client funds in segregated accounts and that brokers issue monthly statements to the IFSC. In compliance with these rules, XM ensures that all client funds are held in segregated accounts at tier-1 banks.
It also offers negative balance protection to all clients, so traders can never lose more than they have in their trading account. However, clients should note that investor protection is only offered to residents of the EEA countries. On this basis, we consider XM xm forex malaysia scam trustworthy and safe broker.
XM offers a range of account types with lower spreads linked to higher minimum deposits. All accounts are commission-free, except for the Shares Account, on which a commission of 3.
Furthermore, because the fees are built into xm forex malaysia scam spreads except on the Shares Accountthere are no extra costs, except for the interest fees charged on positions held overnight and various non-trading fees. XM charges swap fees for positions that are held overnight and is the interest paid on a leveraged position. A leveraged position is the money borrowed from the broker to trade. Interest is paid or received for each night a position is held. In the case of forex instruments, the amount charged depends on both the positions taken i.
long or short and the rate differentials between the two currencies traded. The general calculation is as follows:. Note that the tom-next rates are not determined by XM, but are derived from the interest rate differential between the two currencies that a position was taken. However, it charges lower minimum depositsof only 5 USD and offers trading in micro-lots, making it a good choice for beginner traders.
XM does not charge account fees, nor does it charge deposit or withdrawal fees in most cases, though bank withdrawals below USD carry a fee of 15 USD, xm forex malaysia scam. However there is a 15 USD once-off maintenance fee after one year of inactivity, and this is followed by a 5 USD monthly fee if the account remains inactive. The account opening process at XM is easy and hassle-free compare to other brokers.
All South Xm forex malaysia scam are legible to open a trading account at XM and will have to meet the minimum deposit requirements of 5 USD. Creating an account is straightforward, the process is fully digital, and accounts are usually ready within one business day. Once all xm forex malaysia scam documents have been received, the account will be ready for trading within one day. XM offers four account types that are more suited to beginners than experienced traders. We define beginner traders as inexperienced traders who have never xm forex malaysia scam before, or who have been trading for less than a year.
Beginners often do not want to risk trading large sums of money, and will generally not be able to trade full-time during the workweek. Furthermore, micro-lot trading will appeal to beginner traders because of the smaller trading sizes and lower risk associated with these accounts. However, experienced traders often prefer to pay a higher minimum deposit in exchange for tighter spreads and a commission, which is not available at XM. All accounts at XM feature flexible leverage of up to and are available as swap-free accounts by request.
XM also boasts a strict no requotes and no rejections policy, and Hedging and scalping are allowed on all accounts, except the Shares Account, however, for the purposes of this review, no emphasis will be placed upon the Shares Account.
XM offers five live accounts and a demo account :. Base currencies on this account are USD, EUR, GBPJPYCHFAUDHUF, xm forex malaysia scam, PLN, RUB, SGDand ZAR. One lot on this account is the equivalent of 1, units, and the minimum trade volume is 0. Standard Account Like the Micro Accountthe minimum deposit requirement is 5 USD and spreads average at 1. In contrast with the Micro Accountone lot is the equivalent ofxm forex malaysia scam, units, and minimum trade volumes are 0.
It also offers the same wide range of base currencies as the Micro Account. XM Ultra-Low Account This account also has a 5 USD minimum deposit but spreads average at 0. One lot is the equivalent ofunits, the minimum trade volume is 0. Trading Bonuses are not available on this account. Traders can also open a Micro Ultra Account, which provides the xm forex malaysia scam conditions as the Ultra-Low Account, xm forex malaysia scam, but 1 lot is the equivalent of 1, units, instead ofunits, which is ideal for beginner traders.
Share Account Due to the nature of this account, traders are not offered leverage. Contract sizes are one share, minimum trade volume is one lot, and the spread on this account is as per the underlying exchange. Lastly, this account is only denominated in USD. Demo Account Ideal for trading practice, as well as for testing trading strategies. Islamic Account XM offers Islamic accounts for traders of the Muslim faith.
XM is unusual in the Forex industry in that it does not apply any extra charges for Islamic accounts. In addition, opening an Islamic account with XM is relatively straightforward:. XM offers trading on multiple financial instruments, including stock CFDscommodities, equities, precious metalsenergies, and shares.
With over 57 Forex pairs available for trading, its asset choice is similar to those offered by its competitors. XM Group accepts the most commonly used payment methodsincluding all credit cardse-walletsand Bank Wire Transfers, xm forex malaysia scam.
As a result, all trading profits must be withdrawn via bank transfer. The account funding process is open 24 hours a day and is fully automated. XM also covers all transfer fees and does not include any hidden fees or commissions xm forex malaysia scam deposits or withdrawals. Note that zero fees are charged on deposits and withdrawals made by wire transfer over USD, or currency equivalent.
See below for more details:. XM offers a variety of promotional offers to new traders. Below are the current promotions and bonuses being offered by XM in Malaysia to give you an idea of what you can expect as a welcome. XM offers a wider range of base currencies compared to other similar brokers. XM clients can choose between 11 base currencies at XM, including EUR, USD, xm forex malaysia scam, GBPAUDCHFJPYRUB, HUF, PLN, ZARand SGD. Unfortunately, XM does not offer accounts denominated in MYR, which means that traders will have to pay a conversion fee on every trade, xm forex malaysia scam.
While this may not affect occasional traders, high volume traders who trade more than 10 lots a month should consider opening an account denominated in USD, because a conversion fee will be charged for every trade made on a USD quoted currency pair.
This can be done by opening a multi-currency bank account at a digital bank. XM offers a reasonable range of trading platformsincluding MetaTrader 4 and MetaTrader 5but does not offer any proprietary solutions. This is slightly limited compared to other similar brokers.
XM offers trading on MetaTrader 4 and MetaTrader 5two third-party platforms. The benefit of providing third-party platforms is that traders can use the platforms should they choose to migrate to another broker.
However, third-party platforms are not as user-friendly as proprietary platforms developed in-house. Both platforms are available on Mac and PC.
Developed by Metaquotes inMT4 is still considered one of xm forex malaysia scam best CFD trading platforms in xm forex malaysia scam world. Although the platform feels somewhat outdated, it is especially prized for its algorithmic trading abilities, allowing traders to install automated trading robots and indicators downloaded from the MetaTrader Market. However, traders should note that stock CFD trading is not available on MT4.
MT4 is also widely recognised for its trade execution speeds, charting tools, and customisability it is easy to change the size and the position of the tabs and it is available in many different languages.
Other features of MT4 include:. See the website for how to install MT4 on Mac. MT5 is a state-of-the-art, multi-functional platform that boasts advanced technical tools and copy-trading, xm forex malaysia scam.
T he newer version of its predecessor, MT4, MT5 allows trading on all financial instruments, including stock CFDs, xm forex malaysia scam. MT5 is more powerful and faster than MT4, especially when it comes to back-testing functionality.
MT5 also has a built-in news feed, market depth indicator, economic calendarand trades can be made on charts. Additional features of MT5 include:. Overall, XM provides a good selection of third-party platforms but lacks proprietary solutions, which are usually more user-friendly. XM has an excellent mobile trading platformoffered by MetaTrader. It is intuitive and well-designed with good search functionality.
XM offers mobile trading on MetaTrader 4 and MetaTrader 5 xm forex malaysia scam both Android and iOS.
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, time: 12:49XM Malaysia Review | Forex Malaysia
Untuk makluman anda, blogger.com adalah antara forex broker TOP di Malaysia. Di Malaysia, anda akan jumpa pelbagai jenis broker; takde satu pun yang setanding dengan XM. Serius! Dekat sini, saya akan terangkan dengan lanjut tentang forex broker XM dan bagaimana anda boleh mula trade dengan segera. Latar Belakang Forex Broker XM 3/23/ · Summary. 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 pips on the EUR/USD/5 XM. Axiory. HotForex. Axi. Admiral Markets. XTB. Exness. It is very beneficial to make sure that the best forex brokers in Malaysia you use, have a Capital Markets Services License (CMLS), issued by the Securities Commission of Malaysia (SCM). The body regulates all activities of the top forex brokers in Malaysia
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