Is XM legit and safe? Discover everything Malaysian traders need to know about XM broker, including regulation, pros and cons, and trading conditions.
XM is a reliable and well-regulated broker suitable for Malaysian traders of all experience levels. Strong customer support and educational resources make it an excellent choice.
Understanding XM's regulation, safety measures, and trustworthiness
XM is regulated by multiple tier-1 financial authorities, ensuring the highest standards of client protection and operational transparency.
License: 120/10
License: 443670
License: IFSC/60/354/TS/19
XM implements comprehensive safety measures to protect client funds and ensure secure trading environment.
Client funds kept separate from company funds
Cannot lose more than your deposit
Bank-level security for all transactions
Based on our comprehensive review, XM is a legitimate and safe broker for Malaysian traders. With 15+ years of operation, regulation by multiple tier-1 authorities, and over 10 million clients worldwide, XM has proven its reliability and trustworthiness.
The combination of segregated client accounts, negative balance protection, and transparent operations makes XM a secure choice for forex and CFD trading in Malaysia.
Honest assessment of XM's strengths and weaknesses
Key trading specifications for Malaysian traders
$5
One of the lowest in the industry
0 pips
On Zero account major pairs
1:1000
On Micro/Standard accounts
1000+
Forex, indices, commodities, CFDs
Common questions about XM broker
Yes, XM is safe for Malaysian traders. XM is regulated by multiple tier-1 financial authorities including CySEC (Cyprus), ASIC (Australia), and IFSC (Belize). Client funds are kept in segregated accounts with top-tier banks, and XM provides negative balance protection to ensure you cannot lose more than your deposit.
XM is fully regulated and legitimate. The broker holds licenses from CySEC (license number 120/10), ASIC (license number 443670), and IFSC (license number IFSC/60/354/TS/19). XM has been operating since 2009 and serves over 10 million clients in 190+ countries, demonstrating its credibility and trustworthiness.
Pros: Low minimum deposit ($5), multiple account types, MT4/MT5 platforms, 1000+ instruments, excellent customer support, educational resources, no deposit/withdrawal fees. Cons: Spreads on Micro/Standard accounts are average compared to ECN brokers, limited cryptocurrency offerings, leverage restrictions for some regions.
Yes, you can trust XM with your money. XM keeps client funds in segregated accounts separate from company funds, ensuring your money is protected even if the company faces financial difficulties. Additionally, XM is regulated by multiple authorities and has a 15-year track record of reliable service.
XM stands out with its low entry barrier ($5 minimum deposit), comprehensive educational resources, and excellent customer support. While some ECN brokers offer tighter spreads, XM provides better overall value for beginners and intermediate traders with its combination of low costs, platform quality, and support services.
Malaysian traders generally praise XM for its reliability, fast withdrawals, responsive customer support, and comprehensive educational materials. The low minimum deposit and variety of account types make it accessible for traders at all levels. Some traders note that spreads could be tighter on basic accounts, but overall satisfaction is high.
Join over 10 million traders worldwide and experience reliable, regulated forex trading