If you want to trade forex without risking your money, you can choose an online broker that offers PayPal as a payment method. You can deposit money into your XM account via PayPal and withdraw it through Skrill. You can also pay by credit card, debit card, or bank wire transfer. XM accepts Visa, MasterCard, Maestro, and Neteller. The company guarantees you will receive your payment in less than 7 business days.
XM Forex accepts traders from most countries, but some countries are excluded. Unfortunately, XM does not accept traders from the United States, Canada, Israel, Iran, or Argentina. However, it is worth noting that you can still open a demo account to test the platform. You can also read comments left by other traders who have used XM and decide if it’s right for you.
XM Forex is a large broker with an excellent reputation. It was founded in 2009 and has won more than 30 industry awards. It supports more than 30 languages and has personal customer support available 24 hours a day. In addition, XM offers low spreads and small withdrawal fees. It is a popular choice among traders, and you can sign up for a demo account without any risk.
XM accepts deposits and withdrawals via bank wire, credit card, or e-wallet. Withdrawals are processed within 24 hours. For standard accounts, you need a minimum deposit of $50. Withdrawals over $200 are processed through wire transfer. In addition, withdrawals are processed in the currency of your deposit.
XM also offers multiple tiers of user accounts. The micro account is a good choice for novices. You can open a micro account with just $5 and trade with a micro lot. The standard account is another top choice. The name comes from slot machines. A micro lot is a thousand units of base currency.
PayPal is one of the most common and safe ways to transfer money online. The company accepts 52 different currencies. The service is also fast and convenient. You can deposit funds into your PayPal account, send money to your broker, receive payouts, or even withdraw your money back to your bank account. Using PayPal as a payment method means you will save time and money.
If you want to trade forex without risking money, XM offers a free demo account. It’s ideal for beginners. You can set up a demo account in a few easy steps. Once you’ve done that, you’ll have a virtual account with $100,000 of virtual money. The demo account does not expire and you can use it for as long as you want. It is also a great way to practice your strategies without risk.
XM is a regulated online broker. It is licensed in several jurisdictions, including Cyprus Securities and Exchange Commission and the Australian Securities and Investments Commission. It also has a license from the International Financial Services Commission. This allows XM to provide its services to traders worldwide.