A demo forex account from XM gives you the opportunity to try out trading strategies and Expert Advisers before you start investing real money. The account is set up with a minimum investment of ten dollars, with a maximum of 16 times that amount. You can also choose the leverage amount you’d like to use.
XM offers unlimited demo account use, unlike many other brokers, which limit it to 30 days. This is helpful for new traders, since they can get familiar with the platform and trade with it without risking their actual money. Since the demo account simulates live trading, it allows you to avoid risk and ensure that you’re able to make the best possible decisions.
To open a demo account with XM, you can visit the website and complete a registration form. You’ll need to provide your name and last name, as well as your country and city/town. You’ll also need to provide some contact information, such as an email address. In addition, you’ll be prompted to enter your trading platform and base currency, as well as enter your virtual funds.
XM offers services in over 30 languages. The company offers 16 full-featured trading platforms and over 25 methods of payment. You’ll also find a dedicated personal customer service. As an added bonus, the demo account is completely free of charge. Moreover, you won’t have to pay anything to open one, which makes it a very appealing option for new traders.
XM offers many educational resources. The site contains articles and videos that can help you understand the basics of trading. It also includes articles on money management, trading strategies, technical analysis, and more. XM also offers live training for its customers. The customer support service is available around the clock on weekdays and during market hours. You can even contact live representatives via chat.
The XM management team strives to create long-term relationships with its clients. In fact, they’ve visited more than 120 cities in the world to talk to their clients and partners. This has helped them achieve the highest levels of client retention. As a result, they now have over 300,000 real accounts opened in 196 countries.
XM is one of the oldest brokers in Kenya. They started in 2009 and have gained global recognition. If you are interested in forex trading, you can take advantage of demo forex accounts to test your skills. With demo accounts, you can start trading instantly using various trading platforms. In addition to providing you with practice funds, demo accounts will allow you to get acquainted with trading and gain a deeper understanding of the market.
One of the major advantages of XM is its bonus program. The bonus is available to all new clients and requires no deposit. There is also no minimum deposit amount to withdraw, so the bonus will be an extra incentive for you to join.