XM is a global broker that operates in a number of countries. Besides offering a number of trading platforms, they also offer multiple payment methods. Moreover, they have been regulated by various regulatory bodies including the Financial Conduct Authority of the United Kingdom, the BaFin of Germany, and the Spanish National Securities Market Commission. In addition to this, they offer free demo accounts for as long as you want, as well as twice daily trading signals and e-mail alerts.
If you have a Muslim faith, you can choose to open an Islamic account with XM. However, unlike traditional Forex trading, the Islamic faith prohibits charging interest. As such, you may not be able to take advantage of the 24-hour trading hours of some markets. XM, on the other hand, does not charge extra fees to cover the swap commission.
