In addition to providing an advanced trading platform, XM also offers a robust educational tool kit to ensure its customers stay on top of the market. Using a wide range of technical tools and research materials, XM provides users with the ability to learn from high quality webinars, videos and educational articles.
Traders can choose from four main account types. Standard Accounts, Micro Accounts, Zero Accounts and Shares Accounts. These account types provide a variety of benefits, including low spreads, no commissions and great trading conditions. For more information, check out the XM site.
XM is available in several languages and has customer support available seven days a week, at various times of the day. Customers can contact the company by phone, live chat and email. XM also has physical offices in ten countries around the world. However, the customer service department is not available on weekends and holidays.
Besides its extensive list of assets, XM offers great service and fast account opening. Traders can fund their accounts using various payment methods, such as credit cards, electronic payment gateways, and wire transfer services.
XM"s mobile app is compatible with iOS and Android devices, and is a great way to access real-time data and market analysis. It includes 90+ indicators, a fingerprint login system, and a full-featured account management tool. Users can download the XM app from the Apple App Store and Google Play Store.
XM has a good economic calendar and an impressive list of available assets. Moreover, the XM Foundation assists with development and international aid. Founded in 2015, the XM Foundation is committed to fostering equality, providing access to education, and humanitarian action.
The XM website has a clean bill of health from regulators, and is a trustworthy source of information for traders. Although it is not easy to navigate, XM offers many options for users. When it comes to security, the XM website has all the necessary encryption technology and organizational procedures to protect its user"s information.
XM"s fixed spreads are a bit more expensive than variable spreads. But they are easier to adjust to different trading strategies. Furthermore, they include all costs associated with trades, such as the spread and a $7 commission. Likewise, XM"s legal documents page contains a comprehensive loyalty program, a bonus program, and a conflict of interest policy.
XM is an excellent choice for South African traders. Traders can enjoy free intra-day market updates, access to a broad range of popular asset classes, and the convenience of a portable exchanging application. This enables them to monitor the progress of their orders from anywhere.