Investopedia Review of XM Forex

xm forex investopedia

XM Forex offers an extensive set of educational and research tools. The homepage offers a list of the most popular assets, current spreads and prices, and a calendar of webinars. In addition, there are daily market previews for the European open and news related to the stock market.

XM maintains a client-first philosophy. It focuses on earning the loyalty of its clients and is committed to providing exceptional customer service. It also monitors trends and technologies to remain on top of the industry. It never compromises on any of the factors that impact its client’s performance. As a result, it provides tight spreads and best execution.

XM also offers a full suite of educational tools to help its clients grow their business. It holds hundreds of seminars around the world. Its management visits over 120 cities each year. XM hosts seminars in different countries and aims to provide its clients with better trading skills. A number of online education videos are also available.

XM offers support in more than 30 languages. It also has 16 full-featured trading platforms that can help traders of all skill levels. It was founded in Cyprus in 2009 and is regulated by CySEC and ASIC. It has a number of affiliates worldwide. It has offices in Limassol, Cyprus and Athens.

Saxo Capital Markets is another top-tier forex broker. It provides a wide range of forex, CFD, and spread betting services and offers competitive fees. Its customer service is also top-notch. It has been ranked as the Best Forex Broker for Beginners by Investopedia in 2020.

XM supports a variety of order types, including market orders. You can also choose the best time to enter your order. XM has trading hours that last from Sunday 22:05 GMT to Friday 21:50 GMT. The company also allows phone trading. Lastly, XM provides competitive and transparent swap rates.

XM also offers micro accounts for traders. Beginners can trade in $1,000 lots. It offers MT4 and MT5 trading platforms. The maximum leverage that can be used for trading varies depending on which XM entity you are a part of. For European residents, the maximum leverage is 30:1 and 888:1 for its international branches.

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With over 5,000,000 clients since it was founded in 2009, XM has grown to a large and well established international investment firm and has become a true industry leader.

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