XM Forex Malaysia is an office in Malaysia that provides Forex seminars for free. The company offers these seminars in all countries. You can contact them by phone or email. The contact details are mentioned below. You can also visit the XM Forex Malaysia website. Here, you can find all the important information about the company.
XM’s online trading platform comes in a variety of languages, including Malay. Whether you’re a beginner or a seasoned trader, you’ll find what you need here. They also provide training and educational materials. If you’re new to trading, you can take advantage of their live webinars in 19 different languages.
XM has a global presence, and their services are regulated by the UK’s Financial Conduct Authority and the ASIC in Australia. Their Malaysian office, however, trades through an IFSC company in Belize, which has weak regulatory oversight. While XM Malaysia is licensed in Malaysia, they do not provide compensation for traders if they have to liquidate the company. Despite this, they offer a range of trading services, including cryptocurrencies.
Withdrawals are also fast and easy with XM Malaysia. It allows customers to deposit and withdraw funds by credit/debit cards and bank transfers. The latter method takes a few business days, while deposits made through online payment methods are processed immediately. Withdrawals using local Malaysian banks, however, take one to three business days. You can read their FAQ page for more information.
The company offers a variety of account types, including zero accounts and micro accounts. Their trading fees are average compared to other brokers. The minimum deposit is five dollars. Additionally, they do not charge commissions on forex trades. The spreads are 0.8 pips to 1.7 pips.
XM is one of many regulated online brokers. Founded in Cyprus, it is regulated by the Cyprus Securities and Exchange Commission, the Australian Securities and Investments Commission, and the Financial Conduct Authority. It also operates under the name XM Global Limited. The company is registered and regulated in various countries, including the United Kingdom, Australia, and Singapore.
Withdrawals are processed quickly by XM. It takes one to three business days for withdrawal requests from various countries. Depending on which payment method you choose, it can take up to five business days. However, you should be aware that the minimum withdrawal amount may differ according to your location and payment method.
XM Malaysia is regulated by the Financial Conduct Authority (FCA). The company offers a range of trading products and services. Its products and services are suitable for beginners, intermediate traders, and advanced traders. The company aims to provide the best user experience in the industry. Moreover, XM offers free webinars and research materials to help you make the right decisions about your investments.
You can choose to invest in currency pairs that have low interest rates. For example, you can invest in US dollar and Japanese yen. The interest rates on these two currencies are 0.25% and 2.5% respectively. This means that you can earn up to USD 6.16 per day. The interest rate of the purchased and borrowed currency is taken into consideration when calculating your rollover.