XM Broker in Malaysia | In-depth Review

Traders Union

The foreign exchange market has always been an arena of intriguing dynamics, offering opportunities to seasoned and novice traders. Amidst the plethora of trading platforms, the XM broker is a formidable choice, particularly in Malaysia. 

Traders Union’s newly published review of XM brokers in Malaysia highlights various critical aspects of the broker’s services and operations.

What is XM Broker?

According to TU experts, XM Broker in Malaysia debuted in 2009, initially operating as an intermediary service provider in the foreign exchange market. This platform has since expanded its reach, becoming a global broker serving nearly 190 countries worldwide. XM Broker’s substantial growth is underpinned by its innovative technology and commitment to quality service, attracting over 5 million traders. Its relentless pursuit of excellence has earned it recognition as the Fastest Growing Broker and Best Forex Service Provider, among others.

Pros and cons of XM Group

TU experts highlight various advantages and disadvantages of trading on the XM Group.


  • XM Broker ensures 100% execution of orders, with nearly 99.35% delivered instantly, ensuring no requotes.
  • No markup on narrow market spreads, thus reducing costs for traders.
  • Over 1,000 trading instruments, including over 55 currency pairs, CFDs on cross rates, metals, commodities, and stocks.
  • Zero commission for money replenishment and withdrawal. XM Broker covers all payment system costs.
  • Reliable support services 24/5 in over 30 languages.


  • The broker should consider offering passive investment services such as social trading platforms and PAMM accounts.
  • XM Group’s range of trading platforms needs diversification. The existing 16 terminals are all modifications of MT4 and MT5 for desktop, browser, and mobile trading.

Is XM group legal in Malaysia?

As per TU experts, XM Broker is legal and operates under licenses from three leading global regulators: ASIC (Australia), FCS (Belize), and CySEC (Cyprus). These licenses ensure XM Broker’s compliance with the MiFID directive I and II, which regulate the European legal field. Moreover, all customer accounts are segregated from the broker’s operating accounts and held securely in European banks.

How do I choose the best broker in Malaysia for beginners?

TU experts recommend that beginners in Malaysia opt for brokers with local or European Union licenses. Also, beginners should consider platforms offering demo or cent accounts, allowing risk-free trading strategy exploration. Other factors to look out for include the level of commissions and fees, minimum deposit requirements, and the availability of educational resources for honing trading skills.


In conclusion, the XM broker in Malaysia offers a broad range of trading opportunities for both seasoned and novice traders. It provides an accessible, user-friendly platform while ensuring legal security for all its clients. However, as with any trading platform, potential users should carefully consider its pros and cons before deciding.

Traders Union provides various insights and reviews on different brokers for those still unsure. Make sure to visit Traders Union’s official website to gain in-depth knowledge that will empower you to make well-informed trading decisions.

Read this next

Digital Assets

Coinbase nears deal to buy FTX Europe, lured by its derivatives business

Coinbase is reportedly in the final stages of negotiations to acquire FTX Europe, signaling its intent to expand in regions with well-defined cryptocurrency regulations.

Digital Assets

MicroStrategy buys more bitcoins as crypto bet loses +$600M

MicroStrategy has purchased another 5,445 bitcoins for approximately $147.3 million in cash, adding to its massive cryptocurrency holdings during a sharp drop in the price.

Digital Assets

TYRION Set To Decentralize The $377B Digital Advertising Industry

TYRION, a groundbreaking player in decentralized digital advertising, has launched its innovative blockchain-based platform aimed at disrupting an industry long dominated by centralized tech giants, by addressing issues like lack of transparency, data privacy, and declining ROI, while also offering features like social platform integration, robust analytics, and a deflationary mechanism for its native $TYRION token.

Institutional FX

TD Bank sells TD Cowen’s $1.3B business to Marex

London-headquartered commodities broker Marex has agreed to acquire TD Cowen’s prime brokerage and outsourced trading business, which will be integrated into Marex’s capital market division. This division was established following the acquisition of ED&F Man Capital Markets in 2022.

Retail FX

ThinkMarkets reports flat revenues, lower profit for FY2022

The UK business of Melbourne-based broker, ThinkMarkets, today reported its financial results for the fiscal year ending December 31, 2022. The multi-asset platform, trading in the UK as TF Global Markets UK, had seen mixed results in a couple of key areas over a yearly basis.

Institutional FX

Finalto named ‘Best CFD Liquidity Provider’ at Ultimate Fintech Awards Global 2023

“This recognition is a testament to our commitment to providing exceptional liquidity services, innovative solutions, and outstanding customer support. We would like to express our sincere gratitude to our clients and partners for their trust and support. We will continue our efforts and look forward to delivering even greater value to our clients in the future.”

Digital Assets

New Cryptocurrency Meme Kombat ($MK) Launches Public Token Presale, Staking Platform

Meme Kombat, a new gaming platform blending the allure of internet memes with competitive battle arenas, has announced that the presale for its native $MK token is now live, offering a high APY of 112% and creating significant buzz in the crypto and Web3 communities.

Digital Assets

Hydranet Launches Layer 3 DEX: A Game Changer for Trustless Cross-Chain Trading

Hydranet has unveiled its groundbreaking Layer 3 trading platform, Hydranet DEX, that allows for near-instant, low-fee, and trustless cross-chain trading between Bitcoin and Ethereum ecosystems, marking a significant milestone in the project’s development journey.

Digital Assets

Coinbase gets nod to launch crypto services in Spain

Coinbase has scored Anti-Money Laundering (AML) compliance registration with Spain’s central bank as part of its continued expansion efforts in Europe.