I want to join XM broker because XM has a lot of bonus promotions, but I need information about this XM broker. 1. Is XM broker an NDD or DD dealer type? 2. For clients from Indonesia, which regulatory body will XM broker be registered with? 3. Has anyone ever used XM broker before? What was the experience using XM like? 4. Can local banks/internet banking/mobile banking be used for withdrawals and deposits? Thank you for your response, Masters of SF.
1 Answer
E
erik tri cahyo
02 Mar 2021, 23:14
To Junaedi Muklis,
1. It is possible this broker is a hybrid type broker.
2. We do not know for sure about this. However, looking at the information from the official XM Indonesia page, clients from Indonesia get regulation from CySEC and IFSC.
3. I personally have never traded with the XM broker. However, this broker is quite popular among Indonesian traders. With that, you can easily find information and testimonials about this broker. If any fellow readers are currently trading with the XM broker or have experience trading with this broker, we encourage them to share it here.
4. Yes. The XM broker already supports deposit/withdrawal methods via local bank transfer.