If you’re looking for a reputable broker, then logo XM Forex should be on your list. The company is regulated by several financial bodies and offers customer support in 25 languages. XM also carries a large amount of customer support, including a 24-hour customer support line.
As the company was established in 2009, it has grown to serve customers from 196 countries. Its IFSC license is regulated, but the company doesn’t follow strict trading limits. It also keeps its funds in investment-grade banks. Additionally, it is covered by the Investor Compensation Fund, which ensures that the company will recover your funds in the event of a loss.
XM offers a variety of deposit methods, including credit/debit cards and bank wire transfers. Bank wire transfers can take a few business days to process, while credit/debit card payments are instantaneous. The XM website also offers a local bank transfer option, which allows clients to fund their account without incurring currency conversion fees.
XM also has a demo account available to new clients, which offers a real trading experience. A demo account can be opened with a minimal deposit of just $5. One standard lot is 100 000 units, and XM offers competitive spreads on all major currencies. XM also offers fee-free deposit and withdrawal, and a free VPS server for your computer.
XM has a number of mobile apps available to help you trade with the company. Their mobile apps are available for iOS and Android, and they allow users to access their accounts from anywhere. The apps offer three chart types, more than thirty technical indicators, and a trading history journal. They provide the tools you need to trade successfully.
XM Forex has a variety of trading platforms, including the MT4 and MT5 platforms. Mobile and desktop versions are also available. The XM Group offers customer support in multiple languages. In addition to trading in forex, XM also offers CFDs on stocks, commodities, metals, and energies. The company has more than five million clients, including many high-profile clients, and is regulated by the CySEC, ASIC, and FSC.
XM also offers a low-risk account. This account offers low spreads, and a minimum deposit of $50. The lowest spreads are 0.6 pips, and the XM Ultra Low Account offers no commissions. Withdrawals are guaranteed on the same day. Traders can take advantage of a wide variety of technical tools and a useful economic calendar. The company also offers a large range of leverage, ranging from 1:2 to 1:30.