You Asked: How to trade at XM Malaysia?
The XM Group is a well-regarded company, offering CFD broker services across multiple continents via its three separate business entities. XM is on our list of recommended brokers and you can refer to our in-depth 2020 review if you would like to know more.
Malaysian clients are looked after by the part of the business known as ‘Trading Point of Financial Instruments Pty Ltd’ which was established in 2015 and is regulated by the Australian Securities and Investments Commission (under AFSL Licence No. 443670).
It is possible to open an account with this broker and start trading in two minutes. Provided you have the correct identification documents available, full account verification is completed within one working day, it is as easy as that.
You have the choice of four different account types, with minimum deposits starting at just $5, or you can enjoy the free use of a demo account with no deposit needed.
Better still, as many Malaysian residents are religiously bound under Shariah law, any of XM’s accounts can be converted to a swap-free Islamic version on request.
XM really cannot do enough for its clients, everyone is allocated a personal Account Manager, who will communicate with you in the Malay language. Also, you will have full access to the broker’s whole library of educational material. Whether you are a complete beginner or an experienced pro, there is plenty in there to grab your attention.
The broker boasts 1000+ trading instruments, spreads starting from 0 pips, high leverage and very generous ongoing bonuses. You can start trading on any one of 16 award-winning platforms, which can be accessed from any device regardless of type or operating system.
Emily has written for us for 2 years, and with an education and career in economics, markets are something she understands. Working as a consultant for various financial institutions gives Emily the ability to devote a certain amount of her time to the site.
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