Contents
show
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.