If you’re an Australian citizen, you can open an account with XM Forex. This broker is a trusted global brokerage with clients in over 196 countries. Besides forex, XM also offers trading in stocks, commodities, metals, and energies. This broker also provides a wide range of free resources, including a daily market analysis, to help you make the best decisions.
The account opening process is relatively simple. XM’s customer support team can assist clients in a variety of languages. The support desk is available 24 hours a day, Monday through Friday. You can also chat with the support team via live chat. There are multiple locations worldwide, and the customer support team can help you in your native language.
To open an account, you must make a minimum deposit of $250. You can then choose the type of account that suits your needs. There are a number of ways to fund your account, including a prepaid account with a credit card. There are also several options for transferring funds between the account and an e-wallet.
You can also choose between variable and fixed spreads. Fixed spreads are typically higher than variable ones, but they are still more flexible for different trading strategies. The spreads are included in the account fees. This means that you will never have to worry about hidden charges and commissions. If you’re a Muslim, you can open an Islamic account with XM. Unlike other brokerages, XM doesn’t charge a separate fee for Islamic accounts.
XM also offers a mobile trading platform. It also offers a range of assets, including over 55 currency pairs. It also offers trading in commodities, indices, and stocks. Unlike some other brokers, XM also offers traders the chance to trade in Cryptocurrencies.
As a bonus, XM also offers a demo account to its clients, which gives them a chance to practice their trading strategies before they invest their real money. This is an especially useful tool for beginners and those who are looking to brush up on their skills before opening an account. This account allows them to compare brokers and try out strategies without risking their own money. This demo account is completely digital and hassle-free and takes only a few minutes to open.
XM also offers extensive educational resources. Traders can access technical summaries and trade ideas on the company’s Research hub. In addition, they can attend live market tips and webinars. The company also offers online tutorials and videos for beginners. They also provide a phone line and weekend support.
While not a traditional online broker, XM Forex offers a comprehensive range of trading tools and a highly reliable trading platform. It is compatible with both MetaTrader 4 and MetaTrader 5 trading platforms, and offers a large selection of trading assets. XM is a good choice for both novices and experienced traders. Its comprehensive educational suite and 24 hour support makes it an attractive choice.