Does XM broker accept US clients? (2024)

Does XM broker accept US clients?

XM does not provide services to residents of the United States of America.

Is XM US regulated?

Rest assured, the lack of regulation at XM is not a reason for worry. Our brokerage experts have determined that XM is a fully regulated broker, overseen in Cyprus, Australia, Belize, United Arab Emirates. We gathered all the information on the regulatory profile of XM and will explain why this matters.

Is XM an international broker?

XM is an online broker for trading on forex with a strict no re-quotes and no rejections policy. As an internationally regulated and licensed broker, XM has more than 3.5 million clients in over 200 countries with access to trading more than 1,000 instruments.

What broker is better than XM?

Best Broker Alternatives for XM Group

Interactive Brokers - 9.9/10 Overall. Saxo - 9.7/10 Overall. CMC Markets - 9.6/10 Overall. FOREX.com - 9.4/10 Overall.

Which country made XM broker?

Legal entities

Trading Point Holdings Ltd., a private limited company incorporated in Cyprus, is the owner of XM.

Is the US Open in XM?

SiriusXM is the exclusive national audio broadcaster of the U.S. Open. The 123rd U.S. Open Championship will be played June 15–18 at The Los Angeles Country Club, and U.S. Open Week programming is available to subscribers nationwide in their cars on channel 92, as well as on the SXM App.

Is XM a reputable broker?

Trust and Safety

Regulation: XM Group is a regulated broker, with oversight from multiple reputable regulatory bodies. These include ASIC (Australia), CySEC (Cyprus), IFSC (Belize), FSCA (South Africa) and DFSA (Dubai).

Is XM trading real or fake?

Australian Securities and Investments Commission (ASIC)

XM Trading is also regulated by ASIC under license number 443670. ASIC is the financial authority of Australia and is known for its strict regulations and enforcement actions against non-compliant brokers.

Is XM an offshore broker?

XM is a reputable offshore Forex broker that has been in operation since 2009. The company offers its services to clients from over 196 countries, including the US. XM is known for its competitive trading conditions, educational resources, and excellent customer service.

Is XM an Islamic broker?

As a result, many brokers have introduced Islamic accounts to cater specifically to Muslim traders who adhere to Islamic finance principles. One such broker is XM, a leading multi-asset broker that offers an Islamic account as a halal alternative for forex trading.

How many people use XM broker?

With over 10,000,000 clients since it was founded in 2009, XM has grown to a large and well established international investment firm and has become a true industry leader. XM is currently built of more than 900 professionals with long-year experience in the financial industry.

Is XM broker good for scalping?

4. Xm.com - Best for Trading Education. XM is a forex broker that is particularly well-suited for scalpers. The broker offers very low spreads, fast order execution, and a wide range of currency pairs to trade.

How many clients does XM broker have?

Forex Trading for Beginners | Learn Strategies…

XM Trading is a global broker with over 3.5 million clients in over 196 countries. XM Trading offers a wide range of trading instruments, including forex, CFDs on stocks, indices, commodities, and precious metals.

How to claim 30$ on XM?

1️⃣ Step 1: open a real account at XM by registering a real trading account. 2️⃣Step 2: Log in to the Members Area using credentials provided via email to access your XM Members Area. 3️⃣ Step 3: Account verification is required to claim the bonus.

How does XM make money?

Trading fees

The available accounts, the XM Standard, Micro, and Ultra-Low make money by charging 1.7 pips on the spread while XM Zero account owners pay a flat commission of $3.5 per lot plus a small spread cost. The fees are built into the spread, 0.7 points is the average spread cost during peak trading hours.

What XM station is Jimmy Buffett?

Where is XM radio located?

Our main studios are in Hollywood, California, NYC's Rockefeller Center and Washington, DC. And not to toot our own horn here, but we suspect they might be the largest, most sophisticated digital radio broadcasting facilities in the world — complete with unbelievable performance spaces for artists.

What is the US music royalty fee for XM?

The current U.S. Music Royalty Fee is 21.4% of the price of satellite plans* that include music channels. The current U.S. Music Royalty Fee is 8.8% of the price of streaming plans. Details about the U.S. Music Royalty Fee are provided below.

What is the minimum deposit for an XM broker?

Minimum deposit amount at XM

The minimum deposit at XM is $5. The minimum deposit means that you will need to transfer this amount to your brokerage account from your bank account to start trading. It is sometimes called an initial deposit or funding.

How long does XM withdrawal take?

XM's procedure and time to show funds arrival after withdrawal claim. Your withdrawal request is processed by our back office within 24 hours. You will receive your money on the same day for payments made via e-wallet, while for payments by bank wire or credit/debit card it usually takes 2 - 5 business days.

Is XM legal?

Yes, forex trading is legal in India, but it is subject to certain restrictions set by the Foreign Exchange Management Act (FEMA) and regulated by the Reserve Bank of India (RBI). Forex transactions can only be undertaken with authorized persons and for permitted purposes.

Does XM do copy trading?

🚀 With XM Copy Trading you can copy the trades of successful traders and profit when they profit. Set up your account, choose your traders wisely, because your capital is at risk, and T&C's do Apply.

What's the best trading platform?

Can US citizens use offshore brokers?

US citizens are allowed to trade on offshore brokers as long as these brokers are registered with the CFTC or fall under an exemption category.

Can US traders use offshore brokers?

Offshore brokers are online brokerage firms that offer trading services to clients worldwide. Since they are not regulated, they can offer services that are restricted in some jurisdictions. For example, they can offer Non-FIFO trading, CFD trading, and High leverage to US traders.