XM Forex is a leading Forex broker that offers some of the most advanced features in the industry. They have over 2.5 million clients across 196 countries and have completed over 1.4 billion trades. They offer advanced trading platforms and flexible trading conditions to make it easy to take advantage of the global currency markets. There are several different deposit methods that are available to traders at XM.
XM has won several awards for their excellent customer service. They have a staff that speaks over 14 languages, and you can contact them anytime for help. You will get personalized attention, and a free demo account. They also have professional support available twenty-four hours a day, seven days a week. In addition, they value education and want you to become a successful trader.
XM also offers a range of commission-free accounts for traders. Their Ultra-Low Standard Account is available to anyone looking to trade in the currency markets without any commissions. This account allows traders to make trades for as little as 0.6 pips with a minimum of $6.00 for a standard lot. The average spread is 0.8 pips. However, you need to remember that the XM Ultra-Low Standard Account excludes EUR/USD/JPY due to higher markups and a higher capital requirement.
XM has been rated as one of the best Forex brokers by many reputable websites. In addition to their 24 hour MT4 and MT5 trading platforms, they also offer free forex signals and a free Forex calculator. Furthermore, they have an impressive research and education center with over twenty professionals. XM also offers over a thousand trading instruments across 16 trading platforms. They also have partnerships in over 120 cities around the world. The XM platform supports over five million users each month.
Funding your account with XM is easy. You can deposit funds through credit/debit cards, electronic funds transfers, and local bank transfers. The minimum deposit is US$200. You can fund your account with any of these options, but you should note that bank transfers may take two to five business days to process. You must also verify your bank account information before you can open an account. This is a convenient way to fund your account and manage your trades.
Withdrawals are also quick. Withdrawal requests are usually processed within 24 hours. Bank wires may take up to five business days, but e-wallet payments usually take only a day. Withdrawals will be processed in the currency you deposited. If you have a question or concern about your withdrawal, XM can help you resolve the issue. You can contact your personal account manager through online chat and email.
There are different account types available with XM. Micro accounts have a low spread and are perfect for beginners who are just learning the ins and outs of the forex market. A standard XM account gives you access to several trading tools. You can trade in currencies, CFDs, and precious metals. Alternatively, you can open a Micro account, which gives you access to just Forex. The micro account allows you to trade micro lots and has a standard leverage of 1:888.