The XM cryptocurrency platform allows you to trade on multiple currencies. It offers several types of accounts, such as Standard, Micro, and Zero accounts. Standard accounts allow you to trade in USD, EUR, GBP, and JPY. You can also open an Islamic account, which requires a minimum deposit of $5. All other accounts are commission-free. You can add money to your account using credit cards, electronic payment gateways, wire transfer services, or local banks. However, you can only deposit money into a Standard Account by using the currency rates that are supported by the platform. If you’re trading with other currencies, XM brokers will automatically convert them to your local currency.
XM offers over 55 currency pairs to its clients. However, this company does not offer futures trading or binary options. However, you can still place orders through the platform if you’re not comfortable with online trading. It also offers flexible trading hours, so you can place an order at any time of the day. Furthermore, XM allows its clients to have up to 200 open positions at one time.
XM’s high liquidity and trading volume makes it possible for it to offer its customers competitive prices and tight spreads. Its low fees and security measures make it an excellent choice for both beginners and experienced traders. Furthermore, it is regulated by strict financial authorities across the world. It also has a long history of protecting its users.
XM offers four main types of accounts. All of them offer exceptional trading conditions. In addition to unlimited access to MT4 and MT5, XM offers free intra-day market updates, technical analysis, and multilingual customer support. Additionally, the company offers a Personal Account Manager for each customer. Micro and Standard Accounts offer the option to open positions in USD and EUR. Standard Accounts offer no-deposit bonuses and trading bonuses.
XM is a well-regulated and trusted investment firm. The company has more than 2.5 million clients in 196 countries and has completed over 1.4 billion trades. Furthermore, it is a trusted broker in many countries, including the United States, Canada, and Israel. It is currently staffed by more than 300 professionals.
XM is a top-rated forex broker. It is regulated by top-tier bodies like the Cyprus CySEC and the FCA. This helps protect its investors from fraudulent activity and insolvency. The company is headquartered in Cyprus and also maintains offices in Spain, the UK, and Australia.
XM offers support in more than 30 languages. With 16 full-featured trading platforms, it appeals to a broad range of traders. It is a regulated broker and has been around since 2009. The company’s governing authorities are the Cyprus Securities and Exchange Commission and the Australian Securities and Investments Commission. Furthermore, it has a number of subsidiaries and is licensed in several jurisdictions.
XM also offers copy trading services. These services allow you to earn extra money and gain experience in trading. However, you should understand that copy trading with XM does carry risks and does not guarantee profit. It is essential to carefully select the trader you want to follow risk management guidelines.
