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.
How long does it take to withdraw from XM? Your withdrawal request is processed by our back office within 24 hours. You will receive your money on the same day for payments made via e-wallet, while for payments by bank wire or credit/debit card it usually takes 2 – 5 business days.
Is XM com regulated? As an internationally regulated and licensed broker, XM has more than 3.5 million clients in over 200 countries with access to trading more than 1,000 instruments. … Since its founding in 2009, the broker has picked up over 30+ industry awards.
– Related Questions
Which bank does XM use?
Publicly Traded (Listed) No
️ Country of regulation Australia, Belize, Cyprus, United Arab Emirates
️Authorized in the European Union Yes
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What is the minimum deposit in XM?
According to research in South Africa, the XM minimum deposit amount that XM requires is $5. The minimum deposit amount of $5, when registering a live trading account, is equivalent to around ZAR75 at the current exchange rate between the US Dollar and the South African Rand. XM accepts South African traders too.
How much does XM charge for withdrawal?
Account fee No No
Inactivity fee Yes Yes
Deposit fee $0 $0
Withdrawal fee $0 $3
Does XM allow capitec?
XM Trading is a reputed forex broker that is regulated by 2 top-tier regulatory bodies CySEC & ASIC. But they are not regulated with FSCA in South Africa. Below is an overview of all the important XM’s regulations: CySEC: XM Trading is regulated with CySec in the EU under the license number 120/10.
Can you withdraw XM bonus?
The “No Deposit Trading Bonus Scheme” applies to all clients who open real Account with XM in accordance with the rules set herein and granted trading bonuses may be used for trading purposes only and cannot be withdrawn.
Who is XM regulated by?
XM Group is a group of online regulated brokers. Trading Point of Financial Instruments Ltd was established in Limassol, Cyprus and is regulated by CySEC with license number 120/10.
Which broker has the lowest minimum deposit?
Here are our 10 Best Handpicked Regulated Forex brokers and trading platforms with a minimum of $1 Deposit:
More items…•Aug 9, 2021
How long does it take to validate XM account?
Usually, you account will be validated within 1-2 working days (except Saturday, Sunday and public holidays). if fast after a few hours. If you would like to trade with your account immediately after its activation, contact us in English to receive an early response.
What is the best leverage for $100?
What is the best leverage for $100? The average starting balance for a Forex trader is higher. If you decide to start with $100, then I recommend taking the maximum leverage of 1:500, while trading with the minimum lot and in a very limited amount. Open more than one position with caution.
Which broker gives free bonus?
No Deposit Forex Brokers FREE Welcome Bonus Amount Claim Bonus Here
Justforex 120% Sign Up Bonus !!! Claim bonus now
Tickmill 10% Deposit Reward Claim bonus now
FBS Up to $40 Level up bonus Claim bonus now
XM $30 bonus Open an account
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What is XM leverage?
Using leverage means that you can trade positions larger than the amount of money in your trading account. … At XM you have a free short-term credit allowance whenever you trade on margin: this enables you to purchase an amount that exceeds your account value.
Does XM allow copy trading?
Copy trading on XM is provided for free. There is no additional commission for copying trades.
How do I withdraw from XM?
Log in to your account. Select ‘Withdrawal’ or ‘Withdraw funds’ from the appropriate menu. Select the withdrawal method and/or the account to withdraw to (if more than one option is available) Enter the amount to be withdrawn, and, if prompted, a short reason or description.
How does XM credit work?
Credit Bonuses will be credited to Eligible Clients’ live Micro, Standard or Executive Account(s) with XM, in each instance, within twenty-four (24) working hours after their first deposit with XM. … Credit Bonuses may be used for trading purposes only and cannot be withdrawn.
What is XM spread?
XM Fees and Spreads
XM has a low and incredibly competitive spread when compared to what other brokers offer by offering a spread list from as low as 1 pip along with zero commissions charged on trades on most accounts, except the Shares Account.
What is an XM zero account?
XM Company News
proud to announce the launch of a new additional account type: the XM Zero Account. We are inviting our clients to register an XM Zero Account, which features spreads as low as zero on. 56 currency pairs, as well as on gold and silver, with flexible leverage up to 500:1.
Does XM have nas100?
At XM we offer NASDAQ (US100) as cash and futures CFDs. Our cash index CFDs are undated transactions that aim to replicate the cash price of the underlying index, and so they are adjusted for interest and dividends.
How long does it take to deposit money into my XM account?
Deposit methods Processing time Deposit fees
Credit Card Debit card Immediately Free
International bank transfer 3-5 working days Free
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How do I deposit money into XM global?
How to make a deposit to XM’s MT4 and MT5 accounts?
Login to the XM’s “Members Area” Login to XM.
Select the deposit method “Credit/Debit Cards”
Type in the deposit amount.
Confirm the account number and deposit amount.
Type in Credit/Debit card information in secured page.
Mar 3, 2016
Is XM broker legal in India?
Forex trading in India is illegal where there is no involvement of Indian Rupee. You can trade with involvement of Indian Rupees like USDINR, EURINR, GBPINR or JPYINR. The reason for sharing this information with you all is, in future you may be under such trap.