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 broker regulated by us?

XM is regulated by multiple tier-1 financial authorities, including the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the Belize International Financial Services Commission (IFSC).

Is XM an international broker?

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.

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 account type is best for XM broker?

Best XM account type for beginners and strategy testers

XM offers Micro accounts for traders that have small capital to invest, or wish to test their trading strategies in live trading environments. Contract size on this account is 100 times smaller than on Standard and Ultra Low accounts. 1 lot equals 1,000 units.

Can US traders use offshore brokers?

It is legal for a US resident to trade using an offshore broker.

Which country owns XM?

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

Is XM a reputable broker?

XM Group is considered Trusted, with an overall Trust Score of 88 out of 99. XM Group is not publicly traded, does not operate a bank, and is authorised by four Tier-1 regulators (Highly Trusted), one Tier-2 regulator (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk).

How do I trade on XM Global?

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.

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.

Does XM Global allow scalping?

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.

Is there a difference between Sirius and XM?

SiriusXM is a satellite radio company that offers two different subscription plans: Sirius and XM. While both plans offer access to the same content, there are some key differences between the two: 1. Channel Lineup: The Sirius and XM plans have different channel lineups.

How much does XM broker charge?

What is the minimum deposit on 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.

Where is XM broker located?

In conclusion, XM broker is a reputable and trustworthy broker with a global presence. Their headquarters are located in Cyprus, and they have offices in various countries to cater to their clients' needs.

Why are brokers not accepting US clients?

There are few forex broker that accept US citizens which are few in numbers because they are all regulated by strict laws on US government. However, for US residents, finding a reliable forex broker can be a challenge due to the strict regulations imposed by the US government on forex trading.

Why brokers don t accept US clients?

The reason for this is quite simple - capital requirements. While a broker has to have around $100,000 - $500,000 of locked capital to obtain one of the European licenses, NFA requires quite an enormous amount of capital to be able to operate in the US - 20 million dollars.

Does OANDA accept US clients?

Residents of the United States and its territories may apply for an OANDA Corporation account. We cannot accept applications from third parties. To get more information about our specific divisions , visit our website . What types of accounts are available?

Did XM and Sirius merge?

On July 29, 2008, XM and former competitor Sirius Satellite Radio formally completed their merger, following U.S. Federal Communications Commission (FCC) approval, forming Sirius XM Radio, Inc.

Is SiriusXM still popular?

Sirius XM is a satellite-radio operator with nearly 34 million subscribers. These subscribers account for more than 75% of Sirius XM's revenue.

How old is XM broker?

Since it was first launched in 2009, XM, which is based in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC), has solidly built an excellent reputation in the financial world as a trustworthy and well-known forex broker that serves traders all over the world.

Which is better eToro or XM?

eToro maintains a larger asset selection, but XM has an edge in Forex and index CFDs, making it a better choice for traders with a preference in those sectors. eToro shines in cryptocurrencies.

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 trading good for beginners?

Let's delve into what sets XM apart as a beginner-friendly forex service provider: Low Minimum Deposit: XM Group boasts a low minimum deposit requirement, making it accessible to traders with varying budgets. This feature ensures that beginners can dip their toes into the market without breaking the bank.