The Australian Securities and Investments Commission regulates Trading Point of Financial Instruments (Pty) Ltd. XM supports the following deposit and withdrawal methods at SA XM is compatible with the following trading platforms. Traders can access all the instruments available on XM (except that CFD trading on stocks is only available on MT) and access the same charts. Unfortunately, XM doesn't offer the popular third-party tools, such as Autochartist or Trading Central, which are often available from other brokers.
XM's MT4 and MT5 mobile trading apps offer functionality similar to the desktop and web versions for platform operators. We help South African traders find a trading partner they can trust while trading their favorite trading assets. XM offers 3 different real accounts to its customers, all with different deposit requirements (%26 trading conditions). So how do we approach the problem of making your rates clear and comparable? We compare brokers by calculating all the fees of a typical trade for selected products.
They are a Forex broker that has only one spread, and Ultra Low, Standard and Micro accounts have a variable spread with no additional fees. XM is a global currency and CFD broker regulated by the Australian ASIC, the CySEC in Cyprus and the Belizean authority IFSC. Yes, XM is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC) and the Belize Financial Services Commission (FSC). XM's South African clients will operate through their company regulated by the Belize IFSC, which is generally considered to be a weak regulator.
Even so, choosing an XM broker to trade 26 other currency CFDs is a no-brainer considering that it's a renowned broker that has been around for more than a decade. The only advantage of this is that they can also access real-time data or the analytical tools offered on the XM trading platform. The XM Group is licensed by ASIC in Australia (Trading Point of Financial Instruments Pty Limited), by CySEC in Cyprus (Trading Point of Financial Instruments Ltd), by the FSC in Belize (XM Global Limited) and by the DFSA (Trading Point MENA Limited), following improved regulatory standards.