There are four types of XM accounts, each offering a set of benefits. The Ultra Low account features variable spreads, with the spread as low as 0.8 pips. This is a commission-free account that offers a high leverage of 1:888.
XM is a licensed and regulated Forex broker that offers a wide range of financial instruments. It has a global presence, with offices in over 190 countries. XM also provides access to MetaTrader 4 and MetaTrader 5 trading platforms. These platforms provide multi-asset trading management, which drives the success of live accounts. MT4 is one of the most popular forex platforms and is available both on desktop and mobile. In addition, MT5 gives traders access to additional tools and resources to analyze the market and make trades.
XM offers a wide selection of payment options, including bank transfers. Additionally, the broker has no hidden fees. If you do decide to withdraw money, the withdrawal process is easy. All you need to do is contact a member of the team and you can request a wire transfer. You may be required to pay a fee, depending on the amount. However, if you have an account with a minimum value of $200, the fee will be waived.
XM trade offers a demo account that lets users try their hand at trading without risking real money. Users can also use this account to test out the various features and trade at their own pace. XM is available in a number of languages, and offers professional support around the clock.
XM"s educational resources include a library of videos, which can be used to learn more about the market. Its manual trading signals are generated twice a day, and they offer information about most tradable instruments. For more detailed information, customers can watch tutorials for all of the trading platforms offered by XM.
XM also provides an economic calendar and a section dedicated to research. XM is also registered with 10 European regulatory agencies. With a wide range of investment instruments, a personalized account manager, and professional customer support, XM is an ideal broker for beginners. Even though XM is a professional forex broker, the broker doesn"t advertise itself as one.
XM is not a binary option broker, and it does not offer futures or commodities. To open an account with XM, you will need to fill out a simple form, and you will need to provide some basic information. XM"s requirements may not apply in every country, so check with your local regulator.
Whether you are a beginner or an experienced trader, XM will provide you with the education and tools you need to succeed. The broker is committed to offering you a safe and secure service, and it has been awarded more than 30 industry accolades.