XM is a well-known online trading platform offering services in forex and CFDs on stocks, commodities, indices, metals, energies, and cryptocurrencies, with a strong presence in Malaysia. It is regulated by several authorities, including CySEC, ASIC, and the FCA, ensuring a high level of trust and compliance, which is crucial for Malaysian traders seeking a secure trading environment. XM supports popular trading platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for desktop, web, and mobile devices, offering flexibility and convenience for traders in Malaysia.
XM offers various account types, including Micro, Standard, XM Ultra Low, and Shares, each tailored to different trading needs, with leverage options up to 1:888, competitive spreads starting from 0.6 pips, and both commission-free and commission-based models. This makes it suitable for both novice and experienced Malaysian traders who value competitive trading conditions.
The broker is also recognized for its comprehensive educational resources, which include webinars, seminars, video tutorials, and market analysis in multiple languages, making it easier for Malaysian traders to enhance their trading knowledge and skills. Customer support is available 24/5 via live chat, email, and phone in multiple languages, including options suitable for Malaysian clients.
XM frequently offers promotions and bonuses, though these are subject to regional regulatory restrictions, which may affect availability in Malaysia. The platform supports various deposit and withdrawal methods, including bank transfers, credit/debit cards, and e-wallets like Skrill and Neteller, with fast processing times and typically no fees, catering well to the preferences of Malaysian traders.
Despite its many advantages, some account types may have higher spreads compared to other brokers, and the availability of bonuses can be limited depending on the region. Overall, XM’s strong regulatory framework, diverse trading instruments, multiple account options, competitive trading conditions, and extensive educational support make it one of the best forex brokers in Malaysia.