There are a number of factors to consider when evaluating a forex XM broker. Firstly, it is important to check the company’s reputation. The company’s reputation is directly related to the way it treats its clients. Client loyalty and superior services are at the top of its priority list. XM believes that reputation and credibility are inseparable. Therefore, the company always strives to earn credibility and recognition for the services it provides.
XM boasts a long and established reputation. The company has 2.5 million clients in 196 countries and has executed over 1.4 billion trades. Its management team has visited over 120 cities across the world and has a proven track record. Moreover, XM has solid regulatory standings in Cyprus and Belize. Its reputation has earned it a spot in the world’s forex trading scene. Lastly, it offers a wide range of trading products and services to its clients.
XM offers its clients 11 different base currencies. It also has a number of deposit and withdrawal options, including credit/debit cards and e-wallets. Additionally, it covers all transfer fees, including those related to bank wires. Moreover, XM guarantees its clients global accessibility.
XM also offers a number of educational resources. It offers hundreds of seminars worldwide and provides excellent webinars. These webinars are available seven days a week in 19 languages. XM also provides a number of tutorials in the use of their trading platform. This helps traders develop their trading skills and learn new strategies.
If you have any questions, you can contact XM’s customer support department for assistance. The staff speak several languages and are available 24 hours a day. The customer support desk can also be contacted through live chat. Furthermore, XM also has a variety of account types to choose from. These include CFDs, stock CFDs, and withdrawals.
As the largest retail broker in the world, XM maintains a good reputation with five regulators. However, there are reports of some withdrawal issues. These cases are rare and are most likely to be isolated incidents related to traders violating their terms. XM also offers a margin monitoring option.
XM is also a good choice for those looking for commission-free trading. XM offers commission-free trading with spreads as low as 0.6 pips, which is equal to $6.00 per 1.0 standard lot. The company also offers fractional pip pricing. Forex XM also offers several currencies. The company offers the majors, minors, and exotics.
XM is a global broker with a highly developed platform and flexible trading conditions. Their extensive experience in the financial markets across the world has given them an edge in their field. They offer multiple currency pairs, stocks, equity indices, commodities, and valuable metals. In addition, they offer extensive support in a variety of languages. Furthermore, they also offer educational seminars and research tools.
One important feature that distinguishes XM from other forex brokers is that it provides both Islamic and non-Islamic accounts. Unlike most forex brokers, XM provides these accounts swap-free without any additional charges.