If you’re interested in learning how to trade forex, XM may be the right place to start. The platform offers a wide array of educational resources and account protection services, but you’ll need to have some experience to be successful. Fortunately, XM offers a few free courses that can help you get started.
The first step is opening an account. This process is quick and easy. All you need to do is visit the XM website and click on the “open an account” button. XM also offers a demo account, which can help you test out your strategies without risking your actual money.
Another good way to get started is by trading commodities. With XM, you can access most major commodities and even short them. This makes it a very cost-effective global market that allows for speculation on short and long-term investments. XM does not charge you a fee for shorting markets, unlike other stock exchanges.
XM is a top-notch trading platform with over 1.5 million traders and is designed for novices as well as experienced investors. Their services are user-friendly and they support research materials and webinars to help you become successful in trading. The platform has a strong community of traders from different countries.
The platform is available for PCs and Macs, with various platform options. XM’s MT4 trading platform has multiple features, including a zero-pip spread, 1 click trading, and three different chart types. In addition, you can choose to open a demo account or a live account.
Once you’ve decided on your account type, you can open your trading account and begin trading. XM offers four types of accounts, each with different levels of investment opportunities. A micro account allows you to trade with micro lots, while a standard account offers standard lots and has a minimum initial deposit of $100.
If you’re looking for a low-cost account that allows you to invest micro or standard lots, the XM Ultra Low Account is for you. It allows for lower spreads, starting at just 0.6 pips, and the minimum deposit is $50. Unlike the standard account, this account allows you to open 200 positions. It also has a smaller number of currencies.