When opening a new trading account with Forex XM, you will be asked to enter some basic personal details. This information will include your name, address, phone number, and trading history. This information is used to verify your identity. Once you enter the information correctly, you will be able to make a trade with XM’s software.
XM offers a variety of products to trade. For example, its XM Zero account has a 0 pip minimum spread. Its Ultra Low and Micro accounts have spreads that are 0.6 pips or less. However, spreads may rise with fluctuations, especially in some currency pairings.
One of the benefits of XM is that it guarantees execution of orders. This includes both stop-loss orders and limit orders up to 50 lots. Moreover, it complies with all regulatory requirements, such as implementing recommendations by the European Union. And its customer service is excellent, with quick responses and native English-speaking agents to assist you in the process.
XM also offers a demo account that will allow you to practice trading without risking your money. This account will last as long as you actively use it, but it may be closed after an extended period of inactivity. It’s a great way to learn how the trading platform works. Once you get a feel for the platform, you can move on to the real account.
XM offers multiple trading platform options, including MT4 and MetaTrader 4. XM is a popular Forex broker with over 2.5 million users in more than 80 countries. Its MetaTrader 4 platform is very versatile and offers flexible trading opportunities. With its tight spreads and variable maximum leverage, the XM forex broker is suitable for any trading strategy.
XM is a well-established company with a good reputation and a number of awards for excellence. The trading platform offers multiple trading environments and instrument types. Their customer support is responsive and helpful, and there’s no withdrawal fee if you deposit more than $200. If you withdraw less than $200, you’ll have to pay $15. XM is a competent broker with excellent customer service.
To help beginners learn the market, XM also offers educational resources that include free webinars and videos. These sessions are hosted weekly by traders, educators, and financial experts. They cover trading fundamentals, trading sessions, and trading strategy analysis. The website also offers trading calculators and indicators. The XM platform also offers tutorials in several languages.
A few key features of Forex XM that make it unique among its competitors are its generous bonuses and rebates. XM offers a welcome bonus of up to $ 5,000 and a loyalty program, allowing you to exchange points for real money. Another feature that makes XM different from its competitors is the fact that you can withdraw your bonus profit much easier than you would with other brokers.
XM is a well-regulated market maker broker that offers trading on over 1,000 instruments and 57 Forex pairs. Its spreads are as low as 1.7 pips on the Standard and Ultra-Low accounts, and its minimum deposit is low. Moreover, its customer service is exceptional and friendly. Furthermore, XM is regulated by CySEC in Europe and has won numerous international awards.