XM"s service is available 24 hours a day, seven days a week, in 17 languages. Moreover, it offers a variety of trading tools and an extensive Research and Education center. Moreover, XM employs a secure, SSL encryption technology for all transactions.
XM is currently regulated by the CySEC and the Australian Securities and Investments Commission. This license ensures that the broker adheres to a high standard of regulatory practices. As a member of the Investor Compensation Fund, XM can offer up to 20,000 USD in compensation to a client in case of a broker"s failure. Moreover, XM has a "no hidden fees" policy that does not charge any additional fees for withdrawals. Similarly, XM does not charge a commission for trading on its MetaTrader 4 and 5 platforms.
Among the key advantages of XM is its ultra-fast execution speed. The platform allows traders to open up to two hundred open positions at the same time. Moreover, 99% of the trades are done in less than one second. Additionally, XM provides daily briefings for important market events.
XM also offers a loyalty program that rewards loyal clients with bonuses. XM offers a range of bonuses, from seasonal ones to special ones. However, a deposit is required in order to avail these bonuses. For example, when a trader registers, he or she can get a bonus of up to 5,000 dollars. XM also updates its bonus system on a regular basis. XM is also a good place to start a career in trading.
With an easy-to-use website and user-friendly application, XM has become the first choice of many traders. In fact, XM has more than 5 million clients in 190 countries. There is a wide range of instruments to choose from, such as stocks, currencies, commodities, and indices. The company has been known to provide excellent customer support, especially for the novice.
XM"s platform offers a variety of assets, which includes 60 currency pairs. Users can also trade in CFDs on cryptocurrencies. To open an account, a minimum deposit of 5 USD is needed. XM accepts a wide range of payment methods, including Skrill, Neteller, and UnionPay. Moreover, a variety of currencies are accepted, including the Euro, Russian Ruble, United Kingdom Pound, and Canadian Dollar. Also, XM offers a wide range of financial instruments, from commodities to equity indices.
Traders can also benefit from an ultra-low account, which is based on the country in which the client is located. For example, if the client is a European citizen, he or she can qualify for an XM Ultra Low account.