XM is a US-based Forex broker that has been around since 2009. The company is highly regulated and has a support team that speaks more than 25 languages. They pride themselves on providing their clients with the best service possible. Whether you’re new to Forex trading or an experienced pro, XM offers a variety of trading accounts to suit your needs.
XM allows you to place market orders with a simple click. You can open up to 200 positions at one time. Withdrawals can be processed in as little as 24 hours and can be processed in the same currency as your deposit. XM also provides fee-free deposits and withdrawals.
There are four main types of accounts available through XM. All of them come with exceptional trading conditions. Micro, Standard, and Zero accounts all have access to MT4 and offer the same level of execution quality. In addition to these, XM also provides free market updates, technical analysis, and multilingual customer support. Moreover, you can get a Personal Account Manager if you wish. Standard and Micro accounts are available in various base currencies, including USD, EUR, and GBP. Moreover, XM brokers can convert regional currencies automatically.
XM offers more than 55 currency pairs. They also provide trading services in futures, binary options, and precious metals. Their expertise lies in the financial markets around the world, and they are dedicated to helping their clients get the best deals. If you’re looking for a reliable forex broker in the USA, XM is an excellent choice.
XM has a strict margin call policy. This policy helps to ensure that your maximum risk never exceeds your account’s equity. In case your margin falls below the required limit, XM will send you a margin call warning and instruct you to withdraw funds or close your position. There is also a stop-out level for retail clients of XM. Retail clients can use up to 20 percent of their account equity.
XM also offers demo accounts, which are ideal for beginners or traders who want to brush up on their skills. With a demo account, you can test different strategies without risking your own cash. The whole process is hassle-free, digital, and only takes a few minutes. If you’re Muslim, XM also offers an Islamic Account.
In addition to forex trading, XM also offers a range of educational services. It hosts free webinars on popular topics and provides educational materials for traders. Moreover, the company offers live analysis of different markets. The XM Live Education service offers Q&A sessions in your native language.
Founded in 2009, XM has won over 30 industry awards. It provides excellent customer support and supports MT4 and MT5. The broker’s customer support is available in several languages. Its low trading fees make it a great choice for beginners. It also has an average forex commission rate, although it does charge an inactivity fee after 90 days.