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XM Broker Review

XM is a regulated broker where traders can get leverage up to 1:1000, ultra-low spreads, free deposit withdrawal fees, welcome bonuses and loyalty programs, as well as regular webinars to learn trading.

November 26, 2025 Michelle Lim Kim 273 kali

XM broker is part of the financial company XM Group. Since its inception, XM broker has quickly gained the attention of traders around the world, thanks to various advantages such as low spreads, fast service, and various other types of attractive offers.

Starting at the end of 2011, the XM broker also received a warm response from countries in Southeast Asia (Malaysia, Singapore, including Indonesia). To date, more than 1 million traders from all over the world have used XM broker services.

Currently, XM broker provides services in more than 20 languages, including Indonesian. This is in line with its dedication to providing convenience for clients, including customer support which is ready 24 hours every Monday to Friday. Another specialty of the XM broker is the availability of fee-free deposit and withdrawal options.

What's interesting about the XM broker is its complete research and educational content. XM provides daily news, market condition research, forex seminars, and live education provided by 20 multilingual professionals. There are also weekly Indonesian language webinars that are suitable for beginner traders to participate in.

Almost every day there are webinars that traders can follow. The material is about fundamental and technical basics, understanding trading indicators, how to determine entries and exits, weekly market analysis, and many others. The webinar schedule is posted on the official XM website, complete with presenters, what time it will be held, and the expected learning outcomes.

Apart from forex, XM provides other trading instruments such as CFDs on shares, commodities, indices, precious metals, energy, and global shares. In order to maximize client comfort, XM has also provided various versions of the Meta Trader 4 and Meta Trader 5 trading platforms.

Broker name	XM
Broker type	STP (Straight Through Processing)
Website	Click Here for The Official Site Of XM Broker
Company	XM Group
Founded In	The year 2009
Headquarters	No. 5 Cork Street, Belize City, Belize
Regulators	XM UK is regulated by the UK FCA (No. 705428), XM Australia is licensed by ASIC (No. 443670), XM Global is regulated by IFSC Belize (60/354/TS/18) and )
Customer service	email, telephone, and live chat
Website language	English, Korean, Russian, Spanish, Thai, Indonesian, Malay, Vietnamese, etc.
Deposits and Withdrawals	Credit Card, Bank Wire, Local Bank Transfer, Skrill Moneybookers, Neteller, and Fasapay.

Trading platforms	MT4 for PC, Web, and Mobile, as well as Multi Terminal; ✔️ also MT5 for PC and Web.
Trading instruments	250 trading instruments are available, including forex pairs, CFDs, Stock Indices, Gold, Silver, and Oil.
Spreads	Variable Spread from 1 pip (Micro and Standard accounts), or from 0.6 pips (XM Ultra Low)
Minimum initial deposit	5 USD
Account currency	USD, EUR, GBP, CHF, AUD, JPY, SGD, RUB, PLN, and HUF
Leverage	Up to 1:888
Minimum lots	0.01 (micro lot)
Account type	Micro, Standard, XM Ultra Low, Shares Account
Swap-free account	✔️
Hedging	✔️
Scalping	✔️

XM Benefits

Welcome Bonus 15% Up to USD 500
Every XM trader who makes the first deposit will get a Welcome Bonus of 15% up to 500 US Dollars or the equivalent of the applicable exchange rate. Bonus credits are awarded instantly and automatically, and are available for all accounts except Zero XM.
XM Loyalty Program
All clients with real accounts will get Loyalty status at the Executive level and will be automatically upgraded after a certain period of trading activity. The more XM Points a trader has, the more credit bonuses can be exchanged.
Free VPS Service
For traders with a minimum equity credit amount of 5,000 US Dollars, a free VPS service is available which can be activated via the Member Area. Traders who do not meet the above criteria can also apply for VPS services at a cost of 28 US Dollars per month.
Free Deposit and Withdrawal Fees
XM broker waives Deposit and Withdrawal fees for Neteller, Moneybookers, and various credit cards (including VISA, VISA Electron, MasterCard, Maestro, and China UnionPay). In addition, all transactions above 200 US Dollars processed by Wire Transfer are also included in the fee-free policy.

Lihat Juga
Testimonials : Good for beginners

XM Advantages

XM broker also offers various deposit and withdrawal methods for its clients. So traders are freer to choose the easiest deposit and withdrawal method according to their respective conditions.
One of the conveniences that XM promotes is zero fees. For deposits and withdrawals, the XM broker will cover the fee if the transaction is made with a Credit Card or E-Payment.
If payment via Credit Card or E-Payment takes too long, then another alternative that is more effective and efficient is deposits and withdrawals via local exchangers. By using a local exchanger service, you can make deposits and withdrawals directly at local banks that are easy to find anywhere (BCA/Mandiri) by following rates that are clear and do not change.
One of the XM broker's strategies for attracting new clients is with various tempting bonus offers. The bonus offers given can vary, from deposit bonuses to loyalty-based bonuses.
XM registration is relatively easy. You can register by filling out the online form on the XM site and the process will be completed in just a few minutes. After that, because the XM broker is a regulated broker, you will be asked to upload your personal data (KTP) and billing for the verification process.

XM Achievements

The reliable performance of the XM broker in the world of forex trading is demonstrated by the series of awards it has received so far. These awards are given by various online media in the forex sector, including World Finance Magazine, Shares Magazine, Capital Finance International Magazine, City Of London Wealth Management Awards, FX168, and so on.

Best Customer Experience Broker 2024 – Finance Magnates (LATAM & Global)
Outstanding Customer Service, Global 2024 – CFI.co
Best FX Service Provider 2024 – COLWMA
Most Transparent & Reliable Broker 2023 – CFI.co

XM Regulation

XM is part of Trading Point Holdings Ltd and runs several entities, each licensed and regulated by well-known financial authorities. By operating across multiple jurisdictions, XM makes sure traders get strong regulatory protection and a steady commitment to fair, transparent trading practices wherever they are.

Brand	Regulatory entity	Country	License registration number
XM Global Limited	Financial Services Commission (FSC)	Belize	000261/27
Trading Point of Financial Instruments Ltd	Cyprus Securities and Exchange Commission (CySEC)	Cyprus	120/10
XM ZA (Pty) Ltd	Financial Sector Conduct Authority (FSCA) in South Africa	South Africa	49976
Trading Point MENA Limited	Dubai Financial Services Authority (DFSA)	Dubai	F003484
XM International MU Limited	Financial Services Commission (FSC)	Mauritius	GB23202700
XM (SC) Limited	Financial Services Authority (FSA)	Seychelles	SD190

XM Trading Account

XM’s account types are designed to meet the needs of traders at all levels, from beginners to experienced professionals.

1. Micro Account

Designed for: Beginners or traders who want smaller exposure per trade.
Lot size: 1 Micro Lot = 1,000 units
Minimum deposit: $5
Maximum leverage: Up to 1000:1 (depending on regulation)
Spreads: From 1.6 pips
Trading platforms: MT4 and MT5
Available instruments: Forex, commodities, indices, and more
Bonus eligibility: Yes

The Micro Account allows trading in real market conditions with lower risk. It’s a practical option for those who want to gain experience, test new strategies, or apply precise risk management with smaller trades.

2. Standard Account

Designed for: Traders who prefer standard lot sizes and full access to bonuses.
Lot size: 1 Standard Lot = 100,000 units
Minimum deposit: $5
Maximum leverage: Up to 1000:1 (depending on regulation)
Spreads: From 1.6 pips
Commission: None
Bonus eligibility: Yes

This account type provides a balanced trading environment, combining zero commissions with full access to bonuses. It suits most traders, especially those scaling up from smaller positions or refining their trading strategies.

3. Ultra-Low Account

Designed for: Traders who prioritize tight spreads and low trading costs.
Available in two formats: Standard Ultra & Micro Ultra
Spreads: As low as 0.8 pips (depending on instrument and market conditions)
Commission: None
Minimum deposit: $5
Maximum leverage: Up to 1000:1
Bonus eligibility: No

The Ultra-Low Account is built for cost efficiency, making it highly suitable for high-frequency traders.

XM Platform Trading

A broker is only as effective as the platforms it offers, and XM delivers a well-rounded, integrated suite that balances professional-grade tools with ease of use across all devices, whether you’re trading from a desktop or your mobile device.

MetaTrader4 and MetaTrader 5: XM supports both MetaTrader 4 and MetaTrader 5 — the world’s most popular trading platforms. MT4 remains a favourite for its simplicity, speed, and stability, while MT5 offers enhanced features for traders seeking greater versatility and depth.
XM’s App: All-in-One Mobile Trading: XM’s highly-rated and award-winning mobile app is designed for modern, on-the-go trading. It brings together essential features from MT4/MT5 along with full account management, all within a user-friendly interface.

Trading Instruments

XM provides access to 1,400+ instruments across 7 asset classes, all tradable through a single account.

Forex: 55+ currency pairs (majors, minors, exotics), tight spreads from 0.8 pips, leverage up to 1000:1, 24/5 trading
Stock CFDs: 1,200+ global stocks (Apple, Tesla, Amazon, etc.), trade price movements without owning shares
Equity Indices: Major US, European, and Asian indices, with both cash and futures contracts
Commodities: Precious metals (Gold, Silver, Platinum), energy (Oil, Gas), agricultural (Coffee, Cocoa, Corn)
Cryptocurrencies (selected entities): 60+ assets including BTC, ETH, XRP, LTC, BCH, 24/7 trading, no wallet needed
Precious Metals & Energies: Gold, Silver, Platinum, Palladium, Oil, and Gas with competitive spreads
Turbo Stocks: Trade top brands with leverage, intraday focus, available on MT5 (Standard Accounts)
Thematic Indices: Sector-based trading (tech, healthcare, blockchain), available on MT5 (Standard & Ultra Low Accounts)

Education and Research

XM offers multilingual resources for traders at all levels, blending theory with practical, real-time learning

XM Live Education: Unique live format with daily commentary, trade ideas, Q&A, and technical/fundamental updates
Live Education Rooms: Beginner to advanced sessions with pro traders covering market structure, strategies, psychology, and live chart analysis
On-Demand Videos (Tradepedia): Tutorials, advanced strategies, platform guides, and trading tool lessons — free and constantly updated
Webinars: 7 days a week in 20+ languages, covering beginner to advanced topics in a structured learning series
Research Tools: Economic calendar, market sentiment, daily technical setups, weekly forecasts, and macroeconomic articles
XM Podcast: Market recaps, trading themes, psychology, and macro shifts for learning on the go
Platform Tutorials: Step-by-step guides and videos for MT4/MT5 setup, order placement, indicators, and EAs
Multilingual Access: Content localized in 30+ languages, making education inclusive worldwide

Deposit and Withdrawal

XM ensures fast, secure, and fee-free funding with a wide range of global and local payment methods

Payment Options: Credit/debit cards (Visa, MasterCard), bank wire, e-wallets (Neteller, Skrill, SticPay), and local gateways (Asia, LATAM, Africa, MENA)
Instant Deposits: Most methods are processed instantly, so funds appear within seconds, enabling immediate trading
Fast Withdrawals: Processed within 24 hours; e-wallets are often completed in hours. Withdrawals use the same method to meet AML rules
No Fees: XM charges no deposit/withdrawal fees and covers most provider costs (except possible fees on small wire transfers < $200)
Local Support: Region-specific solutions like instant bank transfer (Asia), local currency deposits (LATAM), mobile money (Africa), and Arabic banking (MENA)
Member Dashboard: Central hub to deposit, withdraw, track transactions, and manage payment methods

Customer Support

XM provides 24/7 multilingual support across more than 30 languages, including English, Spanish, Arabic, Thai, Malay, Hindi, Vietnamese, Russian, and Chinese. Unlike brokers that outsource, XM uses trained in-house teams familiar with its platforms and global clients.

Live Chat (website, app, Members Area)
Email (ticket tracking)
Phone (regional)
Help Center & FAQs

Comments 59

Showing Last 10 Comment |

erik

What kind of billing is being requested? If I don't have it, how can I join? I'm still confused. Is there anyone who can help?

8 Tahun lalu

XMIndonesia

Hello Mr. Erik.
For account validation, you need to upload documents in the form of; proof of identity (ID card/Driver's license/Passport). Make sure that this document is of good quality (showing all sides, clearly visible, not blurry/not broken), and has an address written that matches the address on the XM account.

If the address on the proof of identity does not match the address on the XM account, you can align them by sending a request to change the address. Or send additional documents as proof of residency (utility bill/water/gas/telephone/credit card bill/Police Clearance Certificate/Bank Statement/Vehicle Registration/Insurance/Tax Letter/RT RW domicile letter/Bank Book/Credit Card Bill/Family Card) dated no more than the last 6 months.

It is important to note that the address on the proof of residency must match the address on the XM account, however, the address on the proof of identity does not need to be the same as the address on the XM account.
Thank you.

8 Tahun lalu

m.muslim

Is XM included in DD or NDD? Thank you.

8 Tahun lalu

Ferri G.

I live in Pontianak and I don't quite understand forex yet. Is there a community in Pontianak where I can learn and eventually do real trading?

8 Tahun lalu

Gheboy Marmud

I really like the Zero Account. The spread is very tight. I have compared it with other brokers' ECN accounts, and Zero XM still has better spreads. Moreover, Zero XM is available with swap free. Just that.. the commission is a bit high in my opinion. But that's okay. The most important thing is that even though the commission is a bit expensive, it's halal for Muslims.. We can understand that..

8 Tahun lalu

Siti Murdiyati

On August 16, 2018, I registered at xm with an expired e-ID, but it was not accepted and I was asked to provide another identity. I only have the e-ID. The bank also uses that e-ID.

This morning I read an article stating that xm can accept expired e-IDs.

I kindly request clarification from xm whether this article is true?

8 Tahun lalu

Tunggul simanjuntak

I used to have an ID at XM. I don't have any records anymore because my house was flooded. Can I get all the data so I can trade again? My bank is BCA in my name with account number 8490012606. Thanks

7 Tahun lalu

topuppulsa.com

I want to ask about XM, I'm curious why there is a difference between the time on Metatrader and the real time? Is this XM's strategy to cheat clients?

6 Tahun lalu

Budi Hartono

Please send your question to the XM broker testimonial page to get a direct answer from the XM broker. Thank you.

6 Tahun lalu

Arkani Monot

Hadiiirrrr... I'm a beginner, sir, I want to try trading too!

6 Tahun lalu

masa gitu

I'm new to this. In the neighboring broker, the spread widens on open orders. Is it the same in XM?

5 Tahun lalu

masa gitu

I'm new to this. In a neighboring broker, the spread widens for open orders. Is it the same in XM?

5 Tahun lalu

Karina

Please send your question to the XM broker testimonial page to get a direct answer from the XM broker. Thank you.

5 Tahun lalu

BrokerKita

XM/XeMarkets is a good broker
especially since the investment in FXArena doesn't require a small amount of money
so far so good, for retail brokers XM is one of the best and can be considered unique

11 Tahun lalu

Masha

Oh, is that the FXArena trading contest with a live account? In my opinion, it's not that important, because what matters most for trading is the super low spread. Secondly, the trading contest has different situations and conditions compared to trading in a real live account under your own name. Usually, traders rely on tricks and exploits when participating in competitions. Meanwhile, in a real live account, you really have to be careful not to keep losing money.

10 Tahun lalu

tradercom

Does XM also provide CFDs like cocoa, wheat, and other minor commodities?

10 Tahun lalu

Rudi

As far as I know, XM hasn't provided commodity CFDs other than gold, silver, and oil. You might want to check other brokers; there might be some available.

10 Tahun lalu

Kijuani

I enjoy trading with XM because their spreads are low, in the EURUSD pair I can get spreads below 1 pip, for scalpers like me, such low spreads are quite significant.

10 Tahun lalu

r. avanti

yes, if the trading is on a zero account, the minimum deposit is unfortunately still expensive, 100 dollars. far from the standard account and micro which starts at just 5 dollars.

9 Tahun lalu

Manteb Jaya

For a forex broker that welcomes beginners, XM has quite a few licenses. And they are already registered in developed countries. I was quite surprised when I opened their regulation page. Because I thought XM wasn't the type of broker like that. But it turns out....

10 Tahun lalu

bobby R

Is this XM standard account already included as an ECN account? Or are all of its accounts of the dealing desk type? Because at a glance, both do not include commission fees per lot when trading, usually ECN accounts use commission per lot.

10 Tahun lalu

Hans

Regarding the account types available at XM currently, you can check here. There, only the XM zero account uses a commission, so that might be the type of account you mean.

9 Tahun lalu

Pak Mun

Min, how much is the minimum capital needed for trading on XM? I mean not the minimum capital that is written for each account, but the ideal minimum capital to really make a profit.

9 Tahun lalu

Jiang

wow that's quite relative, I mean there are many factors to consider, for example what is your usual trading style like? Is the trading position held for a long time or just for a short while, aka scalping?

second, what is the leverage and the expected profit you hope for each month?

9 Tahun lalu

Yeshowa

I have a trading partner, and he suggested trading forex with this broker. My question is, is it true that this broker is of good quality and trustworthy in the withdrawal process later?

9 Tahun lalu

Rihan

In my experience so far, there haven't been any issues regarding withdrawals. The point is, as long as you follow the rules and do not intentionally try to break them, there shouldn't be any problems.

Secondly, no broker guarantees wins, sir, so no matter what, you also have to be prepared with a strategy in case a position doesn't go as expected. For example, using money management.

9 Tahun lalu

Rosi

Is the trading contest at XM really open to the public? Because in my opinion, the risk is quite high as well, since it uses a real account. So, it could put us under pressure to win while trading.

9 Tahun lalu

Russ

Yes, Sir, it's open to the public and indeed uses a real account. Well, for me, rather than chasing wins and getting stressed out, it's better to use high leverage (1:888) to increase the profits,

But if we lose, it's okay, since we've already limited our capital to that amount, no more. Just consider it as competition money that we are ready to let go. If we win, great, if we lose, it's fine, hahaha.

9 Tahun lalu

feri irmawan jaya

Wait a minute, bro.. waiting for the one million contest to finish.. as far as I remember, XM previously held a monthly demo contest with prizes. Maybe that monthly promo will come back once the one million contest is over?

9 Tahun lalu

Hendry XM

Good morning
The World Forex Championship contest at XM does not use real accounts, but demo accounts with a balance of 10,000 USD for each participant.
Each participant needs to have an XM account and trade first to earn XM Points (earned per lot). Each contest entry will consume 40 XMP.

9 Tahun lalu

DIN BERANANG

TRADE DOLLAR INDEX ON US CASH 50 AND US CASH 100
WHAT'S THE DIFFERENCE WITH DOLLAR INDEX ON OTHER BROKERS?

IS THE SPREAD HIGH, SIR?

PLEASE LET ME KNOW, THANK YOU.

9 Tahun lalu

Leo XM

Good afternoon,
For trading equity indices, XM offers several instruments with the following spreads:

At XM, they do not offer US 50 Cash.

9 Tahun lalu

Misa

Is this XM micro account really a DD account? Do you often experience slippage or requote? I'm tired of messing around with micro accounts at other brokers, in the end, I often get requote and slippage when I'm in the middle of exciting scalping.

9 Tahun lalu

Rizki

Can XM broker be used for online gold trading too? What is the minimum deposit for online gold trading? And is the deposit in USD?

9 Tahun lalu

Rio

Yes, Sir, the XM broker does provide a CFD trading account for gold:
if you want to check, please check this link

9 Tahun lalu

Tandi

I recommend the XM broker for gold scalping, because the spreads are tight, here's the proof

please give it a try, on the XM zero account, it's really great for gold scalping.

9 Tahun lalu

Rustam

hmm, the spread per lot is around 2 pips, that's not bad, I used to trade at a local broker and the spread could reach dozens of pips per 1 lot, not to mention the commission.

Sounds interesting, I'll give trading gold at XM a try.

9 Tahun lalu

Sandi R.

I've always been a big fan of trading XAUUSD at broker XM, just a micro account, putting in around USD 1,000, opening positions and holding them from low prices to high prices. Whatever the trading strategy, whether it's scalping or swing trading, it really profits.

9 Tahun lalu

Sugiharjo

I'm hesitant to deposit with broker XM, some say it's a bucket shop and a scam, but others say they've made profits of up to hundreds of percent from their initial capital.

Is there anyone who can provide recommendations and proof to make me interested in depositing?

9 Tahun lalu

Rio

كمرجع يا أستاذ، إذا كنت تبحث عن توصيات وأدلة لكي تتمكن من مراجعة أداء وشفافية الوسيط XM، يرجى التحقق من صفحة الشهادات الخاصة به (انقر هنا)

9 Tahun lalu

FMGani

Wow, I've been trading back and forth at XM broker, even opened more than one account (if you've traded often, you know the reason for opening multiple accounts). From my experience, they are quite fair when it comes to withdrawals.

But yeah, the identity verification is still a bit tricky, I even had to rack my brain to verify those accounts.

9 Tahun lalu

Kumar Salim

The XM trading platform is complete and can be installed on all devices, truly making it easier for multi-device traders like me who are often on the go.

9 Tahun lalu

Mega Sari

wow yes, that's right, awesome sir, complete with MT4 and MT5. So I can trade on XM through my iPhone, iPad, and iMac. Great, great!

9 Tahun lalu

Tomi R. Syadd

Is the trading platform of broker XM only mt4 and mt5? Are there any others? I'm not really a fan of the metatrader platform, the interface and operation feel a bit stiff.

9 Tahun lalu

Sagita Purnomo

I heard that broker XM is one of the favorite brokers for Indonesian traders, because they often hold contests with real money prizes. What are the other advantages for retail traders with a capital of under USD 1,000?

9 Tahun lalu

TradingSanaSini

From the beginning, XM broker was indeed aimed at retail traders with limited capital, Sir, micro accounts and standard accounts can be opened with a deposit of less than 10 dollars. Plus, the spreads and leverage are very competitive, 1 pip spread on major pairs and leverage can go up to 1:800.

9 Tahun lalu

Kardidjan M.

My XM broker suggests to hold a real account scalping contest in Indonesia, since there are many scalper traders in Indonesia. Who knows, it could create a loyal trading community in Indonesia hehehe, just a suggestion though.

9 Tahun lalu

Rendi H.

Trading Forex at broker XM is quite easy and practical to access, I can deposit and withdraw through local banks like BCA and Mandiri. No hassle, no worries. Awesome, top broker.

9 Tahun lalu

Meki Hardianto

Trading at broker XM is really comfortable and top quality. I have never experienced a re-quote. The slippage is reasonable, still acceptable when market liquidity is low. The deposit and withdrawal processes are also easy. That's what makes me enjoy trading at this broker. I can definitely feel the real profits.

9 Tahun lalu

Haridan M

This is what I'm looking for in forex trading. No-requote and low spread, as well as easy deposit and withdrawal. I'm interested in trading with broker XM in the near future. It seems worth it.

9 Tahun lalu

Hasida M.

Wow, this broker XM is getting better, there are so many special features, like crypto accounts, stock CFD accounts, and a complete Forex account from major pairs to exotic ones. Every month there are also contests, so you can practice your trading skills and get bonus capital prizes, not bad at all.

9 Tahun lalu

Nanik

Broker XM never runs out, bro, every month there are always updates, new promotions, new contests, it's really great, you won't get bored trading at broker XM.

9 Tahun lalu

Riski A.

UP UP UP, my profit keeps rising trading with broker XM, super low spread, no commission either. Really awesome bro, just try trading gold, the profits can multiply from the capital.

9 Tahun lalu

Rm. Kardiyan

Min, does XM broker provide crypto accounts for trading bitcoin and ethereum? Is it a spot or CFD crypto account that they have? I prefer a spot crypto trading account.

9 Tahun lalu

Rio

Broker XM has provided a crypto account with the following trading conditions:

As a note, this crypto trading account (CFD) does not require a virtual wallet (bitcoin wallet) to start trading.

9 Tahun lalu

Mardian M.

Let's get to know each other in the XM forex trader community, I want to join, exchange knowledge and trading strategies. This broker is the best and very friendly for beginner traders.

9 Tahun lalu

m.muslim

surprised that XM Global Ltd. suddenly entered the list of 21 entities suspected of being fraudulent. I have been withdrawing funds smoothly all this time. Should foreign brokers be reviewed again in Indonesia??

8 Tahun lalu

Aisha

In my opinion, there are several things to consider regarding this issue.

First, the term "suspected bogus entity" that you mentioned is stated by the Indonesian regulator, because XM does not have a license from the Indonesian regulator. In this case, note that every country expects any company operating within its territory to be regulated in that country. If there is a company with clients in Indonesia but does not have an operating license in Indonesia, it will definitely be labeled illegal, even if the company has a license from the US or the UK, which clearly has stricter criteria.

Second, regarding why broker XM (and several other "suspected bogus" brokers) do not seek a license in Indonesia? The issue is that around 2014-2015, there was a moratorium on granting licenses for foreign futures brokerage companies. So, foreign brokers cannot apply for a license at all in Indonesia.

From the first and second points, it can be concluded that broker XM is not "suspected bogus" because of running away with client funds or because of cases of traders failing to withdraw, but rather because it does not have a license in Indonesia.

Third, regardless of the "illegal" status of foreign brokers like XM, many Indonesian traders still seek them out. Why? Because on the other hand, Indonesian brokers have very uncompetitive terms: no swap-free, the lowest lot is only allowed to be micro, no ECN, etc. So, even though they are labeled illegal by the government, the majority of traders still choose foreign brokers.

Regarding whether this situation needs to be reviewed. Yes, if you want to side with traders, it indeed needs to be reviewed, especially regarding the moratorium on granting licenses for foreign brokers. However, if we look at the direction of government policy, it seems that this is something unlikely to happen. The government is more likely to label them illegal and simply block their sites, without considering the competitiveness of local brokers or the perspective of local traders.

8 Tahun lalu

m.muslim

the government seems unfair. money is left alone, no money gets kicked out. I'm just frustrated.

8 Tahun lalu

erik

What kind of billing is being requested? If I don't have it, how can I join? I'm still confused. Is there anyone who can help?

8 Tahun lalu

XMIndonesia

8 Tahun lalu

m.muslim

Is XM included in DD or NDD? Thank you.

8 Tahun lalu

Ferri G.

I live in Pontianak and I don't quite understand forex yet. Is there a community in Pontianak where I can learn and eventually do real trading?

8 Tahun lalu

Gheboy Marmud

8 Tahun lalu

Siti Murdiyati

On August 16, 2018, I registered at xm with an expired e-ID, but it was not accepted and I was asked to provide another identity. I only have the e-ID. The bank also uses that e-ID.

This morning I read an article stating that xm can accept expired e-IDs.

I kindly request clarification from xm whether this article is true?

8 Tahun lalu

Tunggul simanjuntak

7 Tahun lalu

topuppulsa.com

I want to ask about XM, I'm curious why there is a difference between the time on Metatrader and the real time? Is this XM's strategy to cheat clients?

6 Tahun lalu

Budi Hartono

Please send your question to the XM broker testimonial page to get a direct answer from the XM broker. Thank you.

6 Tahun lalu

Arkani Monot

Hadiiirrrr... I'm a beginner, sir, I want to try trading too!

6 Tahun lalu

masa gitu

I'm new to this. In the neighboring broker, the spread widens on open orders. Is it the same in XM?

5 Tahun lalu

masa gitu

I'm new to this. In a neighboring broker, the spread widens for open orders. Is it the same in XM?

5 Tahun lalu

Karina

Please send your question to the XM broker testimonial page to get a direct answer from the XM broker. Thank you.

5 Tahun lalu