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XM in Malaysia: Is it Available and Legit?

Mikhail Vnuchkov
Written by:
Mikhail Vnuchkov
Dr. BJ Johnson
Reviewed by:
Dr. BJ Johnson
Updated:
June 05, 2026
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XM isn't available in US
XM REVIEW

As of June 2026, XM is available to traders and investors in Malaysia. This accessibility confirms the broker's authorization to operate within Malaysia and its compliance with the necessary regulatory requirements.

Essential details of XM services in Malaysia

Anton Kharitonov
Anton Kharitonov
Chief Analytics Officer

XM is accessible to traders and investors in Malaysia. Key highlights include:

  • Malaysia residents can open an account with XM
  • XM has earned an overall rating of 9.3/10 points according to our methodology.
  • XM received 10/10 points for regulation and safety.
  • For more detailed information, see our comprehensive XM review.

Is XM a regulated broker? Is it safe?

XM is a regulated Forex broker operating under the supervision of the following regulatory authorities:

XM regulation review
CMA (Kenya) CMA (Kenya) The Capital Markets Authority (CMA) of Kenya regulates and oversees the activities of financial market participants, including stock exchanges, Forex brokers, and investment companies. Its primary goal is to ensure transparency, investor protection, and the development of Kenya's capital markets. The CMA also promotes the introduction of new financial products and supports innovations to strengthen the local capital market.
Full Name The Capital Markets Authority Country Kenya Protection Fund KES 50,000 Regulation level Tier-2
CMA (UAE) CMA (UAE) CMA/SCA (UAE) is the federal capital markets regulator, publishing a comprehensive legislative/regulatory framework (laws/regulations/decisions/circulars, incl. drafts) to enhance transparency, protect investor rights, and ensure fair/efficient markets. The website provides an Open Data platform with key due-diligence sections: Licensed Companies, Warnings, Violations and Violators, plus lists of funds and Authorized Finfluencers. It also offers regulatory procedures relevant to investor protection/disputes—e.g., an appeal service for decisions by SCA/markets in disputes between investors and supervised entities (with submission timing and requirements). There is also a dedicated Minority Investor Protection framework (governance principles, shareholder participation, access to related-party deal information, etc.).
Full Name Capital Market Authority Country United Arab Emirates Protection Fund No specific fund Regulation level Tier-2
CySec CySec CySec regulates investment firms, brokers, and their transactions in securities and derivatives on the Cyprus Stock Exchange. It imposes strict operational conditions, regular audits, and financial compliance.
Full Name Cyprus Securities and Exchange Commission Country Cyprus Protection Fund Up to €20,000 Regulation level Tier-1
DFSA DFSA DFSA regulates financial services performed within Dubai's International Financial Centre (DIFC). It's known for a robust legal framework and strict oversight practices, providing high levels of investor protection.
Full Name Dubai Financial Services Authority Country Dubai Protection Fund No specific fund Regulation level Tier-2
FSA (Seychelles) FSA (Seychelles) FSA Seychelles regulates the non-bank financial services in Seychelles, aiming to promote their efficiency and transparency.
Full Name Financial Services Authority of Seychelles Country Seychelles Protection Fund No specific fund Regulation level Tier-3
FSC (Belize) FSC (Belize) This body regulates the insurance and pensions industry, as well as the entire financial services sector, promoting financial inclusion and market integrity in Belize.
Full Name Financial Services Commission of Belize Country Belize Protection Fund No specific fund Regulation level Tier-3
FSC (Mauritius) FSC (Mauritius) FSC Mauritius ensures the orderly administration of the financial services and global business sectors in Mauritius, enhancing investor protection and international compliance.
Full Name Financial Services Commission of Mauritius Country Mauritius Protection Fund No specific fund Regulation level Tier-3
FSCA SA FSCA SA The FSCA oversees the South African non-banking financial services industry, focusing on protecting investors and efficiently preventing financial crimes by enforcing stringent compliance standards.
Full Name Financial Sector Conduct Authority of South Africa Country South Africa Protection Fund No specific fund Regulation level Tier-2

Is XM safe to use in Malaysia?

A broker’s security is largely defined by its regulatory status. XM is supervised by a Tier-1 authority, which is considered the highest level of oversight in the financial industry. Such brokers must comply with strict requirements on capital, transparency, and client fund protection. In addition, the presence of an Investor Compensation Fund and a proven track record in financial markets further strengthen trust. According to our methodology, XM received a Regulation and safety score of 10/10, placing it among the most secure brokers.

Is Forex trading allowed in Malaysia? Is Forex taxable in Malaysia?

  • Licensing in Malaysia

  • Forex trading in Malaysia is regulated by the Securities Commission Malaysia (SC) under the Capital Markets and Services Act 2007. The regulatory framework aims to ensure market integrity, investor protection, and financial stability in the Forex market. Investors should trade with licensed brokers, conduct due diligence, and stay informed about their rights and protection to mitigate risks associated with Forex trading.

  • Investor protection in Malaysia

    Forex investors in Malaysia are protected by the Securities Commission Malaysia (SC), which regulates the Forex market and ensures the integrity of the financial system. Malaysia has policies to protect Forex investors:

    • licensing of Forex brokers
    • restrictions on Forex trading

  • Taxation in Malaysia

    Forex taxation in Malaysia is governed by the Inland Revenue Board Malaysia (IRBM), which administers the country's tax laws. Forex traders are required to report their trading income to the IRBM and pay income tax on their profits at the applicable tax rates. Malaysia has progressive income tax rates, ranging from 0% to 30%, depending on the individual's total taxable income.

XM vs other regulated brokers in Malaysia

To provide a clear understanding of available options for traders in Malaysia, Traders Union compared XM trading conditions with those of other regulated brokers accepting clients in the region.

Regulation CySEC, FSC (Belize), DFSA, FSCA, FSA (Seychelles), FSC (Mauritius), SCA (United Arab Emirates), CMA (Kenya) ASIC, FCA, DFSA, BaFin, CMA, SCB, CySec ASIC, VFSC, FSA
Minimum deposit $5 $0 $1
Currency pairs 57 90 90
Floating spread EUR/USD, min pips 0.7 0.5 0.1
Floating spread EUR/USD, max pips 1.2 1.5 0.4
Go to broker Go to broker
Your capital is at risk.
Go to broker
Your capital is at risk.
Go to broker
Your capital is at risk.

Why trust us

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  • 15+ years of independent market analysis

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Learn more about our methodology and editorial policies.

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Expert Advice

Anton Kharitonov
Anton Kharitonov
Chief Analytics Officer

  • In my experience, a hallmark of a reliable broker is the ease with which you can verify its operations in your country. Many top-tier brokers provide detailed FAQs or interactive maps on their websites, clearly outlining the regions they serve. If this information isn’t readily available, contact their customer support directly. A reputable broker will have knowledgeable support staff who can clarify its regulatory status and geographic reach.

Editors' Top Picks and Insights

All news

Team that worked on the article

Mikhail Vnuchkov
Mikhail Vnuchkov
Author at Traders Union

Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income.

Learn about our editorial policies
Dr. BJ Johnson
Dr. BJ Johnson
Developmental English Editor

Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK.

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