If you’re looking for an online forex broker in South Africa, XM might be your best bet. It offers 57 currency pairs, does not charge fees for deposits or withdrawals, and has offices in 196 countries. In addition, the company also offers a full-service education package.
XM offers 57 currency pairs.
XM has been around since 2009 and is regulated by the UK’s FCA, Cyprus’ CySEC, and the Australian Securities and Investment Commission (ASIC). You can choose from over one thousand CFDs and trade 57 different currency pairs. The company also offers a variety of educational resources and a reliable platform.
The company also offers CFDs for a variety of assets. In addition to 57 currency pairs, XM offers CFDs for individual stocks, precious metals, and energy. The CFDs are spread by a variable amount, which means you can control the price you pay. This allows you to profit or lose with minimum trade size.
In addition to offering 57 currency pairs, XM provides its users with various tools to help them make informed decisions. Its website features live market data and an economic calendar, a wealth of research content, and a calendar of webinars. Additionally, it features a podcast offering.
It does not charge fees for deposits or withdrawals.
Withdrawals and deposits are free at XM. XM offers a variety of withdrawal methods, including credit and debit cards, wire transfers, and China Union Pay. Deposits can be made with any base currency. Clients can also use an XM Zero Account, which offers more favorable conditions for high-volume traders. Deposits are free, and there are no additional fees for opening or maintaining an account.
XM is the largest forex broker globally and has millions of traders. These traders invest large amounts of money in the forex market. The deposit or withdrawal method most convenient for you depends on your country of residence. Typically, you will use a method that requires the lowest fees.
It has offices in 196 countries.
XM is a forex broker based in Cyprus, founded in 2009. The company has offices across the world and serves clients in 196 countries. Their customer service team can speak more than 30 languages. The company has over 2.5 million clients and has executed over 1.4 billion trades. They have offices in Australia, the UK, Belize, Greece, and more. They are a well-established and reliable investment company with more than 300 professionals.
XM offers access to mainstream and non-mainstream financial instruments. Their product portfolio includes over 1000 instruments from six asset classes, including 55 currency pairs. Other instruments include stocks, commodities, and indices.
It offers a wire transfer fee waiver if your wire transfer falls below $200
Wire transfers are a popular choice if you want to send money to a friend or family member in another country. These transfers can be used for various purposes, including funding brokerage accounts, paying tax bills, and paying school tuition. Most banks charge a fee when sending an outgoing wire, but the fee varies from bank to bank. Fees can be stacked up, and it is important to know how much the fee will be before making the transfer.
Most banks charge $15 for incoming wire transfers, but some offer no fee. Wells Fargo and Citibank offer free wire transfers for people with qualifying accounts. The fees are for wire transfers made in person or through a bank’s website. Foreign outgoing wire transfers incur a different fee.