Forex brokers XM have a variety of services for traders in the US and around the world. Some of these services are free of charge, such as Forex signals and Forex calculators, while others come with a fee. XM also offers an economic calendar and posts upcoming events in markets around the world. In addition to this, the company offers market reviews and technical analysis. Customers who have questions can also contact the customer support department.
XM has been in business since 2009 and offers a wide range of trading instruments with low spreads. Their diverse portfolio includes stock CFDs, precious metals, and energy options. Despite being a relatively new player in the industry, XM has garnered over 5 million traders. Its innovative technological solutions have earned the company a number of awards, including Best Forex Service Provider and Fastest Growing Broker.
XM is one of the most popular online brokerages and offers a variety of trading accounts for traders. They offer a standard account, micro account, and zero account, all with low spreads starting at 0.0 pips. In addition to these trading options, XM offers a virtual trading account with a virtual $100,000 trading balance. XM also accepts various forms of payment, including credit/debit cards, wire transfers, and various e-wallets.
XM also provides support in more than 30 languages, which makes it an excellent option for traders from many countries. This international brokerage is a member of the IFSC and is regulated by CySEC and ASIC. XM has over 5 million clients and offers forex and CFD trading to investors around the world.
In the US, FX brokers earn through the volume traded and the higher the volume, the higher the profit for the broker. However, the US has much lower leverage levels than other countries, with maximum leverage available for minor and major currencies at 50:1. In addition, the US is expensive, and the NFA has heavily fined many brokers for malpractice. The fines typically range from $200,000 to $2 million.
XM is also widely regarded as a leader in the MetaTrader 4 platform, which is used by most forex brokers. The company offers access to 57 currency pairs, one login for 8 different platforms, and supports Expert Advisor trading. Users can use MetaTrader 4 on Windows, Mac, Android, iOS, or WebTrader.
In addition to live seminars, XM offers educational materials for traders. Its Learning Center is broken into several sections, including Live Education, Educational Videos, Platform Tutorials, and Forex Seminars. These resources are available in multiple languages. Most of these materials are available in video form.