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XM Operations in South Africa
Which bank does XM use in South Africa?
| Broker’s Name | XM.com |
| Headquarters | UK |
| Year Founded | 2009 |
| Regulating Authorities | FCA |
| FSC No | license number 000261/158 |
| Countries not accepted for trade | United States |
| Account Types | Micro Account; Standard account; Ultra Low Account; Shares Account |
| Bonus | Yes, $30 / R480.00 ZAR |
| Demo Account | Yes |
| Fees | from $ 3.5 / R56 ZAR |
| Spreads | spreads from 0.6 to 1.7 pips |
| Commission | commission-free trading depending on account selected |
| Institutional Accounts | No |
| Managed Accounts | No |
| Maximum Leverage | 1:888 |
| Minimum Deposit | $5 /R80 ZAR |
| Deposit Options | Bank Wire Transfer Local Bank Transfer Credit/Debit Cards Neteller Skrill, and more. |
| Withdrawal Options | Bank Wire Transfer Local Bank Transfer Credit/Debit Cards Neteller Skrill, and more. |
| Platform Types | MetaTrader 4 and MetaTrader 5 |
| OS Compatibility | Web browsers, Windows, MacOS, Linux, Android, iPhone, tablets, iPads |
| Tradable assets offered | Forex, commodities, cryptocurrency, shares, indices, metals, energies, options, bonds, CFDs, and ETFs |
| Languages supported on Website | 23 Languages |
| Customer Support Languages | 23 Languages |
| Customer Service Hours | 24/5 |
| Open an Account |
Is XM a regulated broker?
XM is available globally and is regulated by three financial authorities: the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC) and the Financial Services Commission of Belize (FSC).
Does XM have ZAR account?
Hotforex, Exness & XM broker have ZAR accounts & they also have NASDAQ or NAS100 CFD instrument on their platforms. So you can open account in ZAR currency & trade NAS100 at these 3 CFD broker.
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