Forex trading XM is a company that offers a variety of trading accounts. The company offers commission-free Standard, Micro, and Zero accounts. Using the Zero account, a trader will only pay the exchange rate of the EUR/USD. The spread is usually as low as 0.1 pips.
The XM WebTrader platform is available on Macs and PCs and allows users to trade with up to eight different platforms in a single login. The platform is user-friendly and offers advanced charting. In addition, it features a live webinar series for its subscribers, which can help them understand the basics of trading.
The company also offers an award-winning level of service. Its management has visited over 120 cities around the world to meet with clients and partners. They also offer free demo accounts for aspiring traders. In addition, XM provides professional assistance in more than 14 languages and is open twenty-four hours a day. The company cares about education, and wants to turn beginner traders into experts.
As a result, XM is a highly respected broker in the forex industry. It has been around for a decade and boasts clients in over 196 countries and staff who speak 30 languages. It has received numerous awards and is recognized globally. Unlike some brokers, XM is completely legitimate and regulated by top financial authorities.
XM offers several different account types, with a range of payment options. Its latest addition is the local bank transfer option, which eliminates the need for currency conversion. Minimum deposits range from five dollars for a Micro Account to one hundred dollars for a Standard Account. However, the minimum deposit amount can vary depending on the type of account and the verification status of the trading account.
As a broker, XM Group values its clients and works hard to keep its pricing competitive. The company also offers fractional pip pricing, which ensures that all traders have access to the lowest prices. This allows traders to benefit from even the smallest price movements. XM Group has a worldwide reputation for being a legitimate and reputable broker.
XM also offers commodity trading, which allows users to trade a commodity without owning the instrument. By doing this, traders can speculate on the direction of the market. They can even short trade, taking advantage of a falling price. XM does not charge extra fees for short selling. Its trading platform is user-friendly and offers a multitude of benefits for its users.
There are two basic types of accounts for beginners. The Micro Account is for those who do not need a large amount of money and wants to trade without commissions. A Standard account has the same commissions as a Micro account, but it supports up to 200 open positions. Its minimum volume is 0.1 lots, and its maximum ticket size is 50 lots.