Aside from the fact that it offers Bitcoin trading, Forex XM also offers an educational video library for beginners and advanced traders alike. These videos range from the basics of financial markets to technical and fundamental analysis, as well as money management and trading strategies. In addition, XM offers a free demo account with up to $100,000 virtual credit to get started.
XM has a large client base and strives to meet the needs of its customers by keeping up with industry trends and progressive technologies. This helps it provide more efficient service to customers with tight spreads and fast execution. XM also makes a point to build personal relationships with its clients. In fact, the management of XM regularly travels to more than 120 cities across the globe to meet with customers and answer any questions they might have.
Although XM is widely available, not all countries are eligible to join. For example, traders in Israel, the United States, and the Islamic Republic of Iran are not allowed to use the XM platform. The XM website also contains a wealth of information about the firm’s policies and legal obligations. In addition, the company provides 12 documents for its traders to read. These documents are available in PDF form on their website.
XM is a global broker with over 2.5 million clients in over 196 countries. It has executed over 1.4 billion trades without rejection. It also has strict compliance guidelines. It is required by the CySEC to submit financial statements on a regular basis and to segregate client money.
XM’s website offers educational content, including webinars and seminars for its customers. Its research team publishes articles and third-party trade ideas regularly. It also offers daily and weekly content including the XM Weekly Forex Outlook. It also features technical analysis and economic events. And you can read the latest news and see if it’s time to trade.
XM has no commission fees on deposits or withdrawals. You can deposit money via credit/debit cards or bank transfers. However, bank transfers require a few business days to process. Using credit/debit cards for deposits is faster and easier. You can also deposit in your XM wallet. You can use the same account to withdraw your funds – but your withdrawals cannot exceed your deposit.
XM offers more than fifty currency pairs. It offers leverage of up to 30:1 for retail clients. However, the service doesn’t offer binary options and ETFs. In addition to offering over fifty currencies, XM also offers over fifty CFDs. However, it does not offer bitcoin.
Copy trading with XM is an effective way to build additional income. Not only does it help you develop your own trading style, it also provides you with valuable trading experience. However, you should remember that copy trading is not a sure thing – you can lose money as well as profit. Therefore, it is essential to choose the right trader and follow the risk management rules.