The XM broker has more than five million clients in 190 countries. It claims to have executed over 2.4 billion transactions without rejection. Moreover, it has more than 450 employees worldwide. In addition to that, it is a regulated broker and offers transparent conditions. It also claims to offer a wide range of account types.
For traders who don’t want to risk too much of their money, the company offers a variety of trading accounts. The XM Micro Account allows for up to 200 open positions per client, and it requires only a small deposit of $5. In this account, you can trade as low as 0.6 pips in the EUR/USD currency pair.
XM offers trading in more than 1,000 instruments. In addition to forex, it also offers CFDs on stock indices, commodities, metals, and energies. The company is licensed by various regulatory bodies, and has over 5 million clients. In addition, it offers support in several languages. The fees at XM are lower than average, and it also charges an inactivity fee for accounts that sit dormant for 90 days.
XM is available to traders from most countries. However, some countries are not accepted by the broker, including the United States, Canada, Iran, Argentina, and Israel. Regardless of whether or not XM is right for you, it is certainly worth trying out. If you’re willing to put in the time, the company can offer you a non-expiring demo account.
Funds can be transferred to your XM account by bank transfer or via a credit card. However, you should note that these deposits are non-refundable. XM requires a deposit of $5 to open an account. Moreover, you must provide your bank account details before XM can process a withdrawal request.
The XM platform supports over 55 currency pairs. However, it does not broker binary options or futures. If you’re new to Forex trading, you should check out the trading conditions and if XM is right for you. Its platform also offers 24/7 customer support. This ensures that your questions and concerns will be answered quickly and efficiently. The company also offers live market information. If you’re still not sure, open a demo account with XM.
Another feature of the XM brokerage is its education center. This platform provides access to key global news reports as well as detailed analysis of the markets. In addition to that, it offers free Forex seminars and tutorials on its MT4 and MT5 platforms. There is also a live education room that is open for eight hours a day.
Xm Forex also offers a special bonus program for its new clients. This program offers a bonus of up to 30% of your first trade, which is worth approximately $10.