XM’s automated trading software uses a proprietary algorithm to predict price movements. If you choose to use this software, you’ll need to choose a base currency. This will dictate which currency your profits and losses will be converted into. XM offers several base currencies, including EUR and USD. When you use EUR as your base currency, your profit and loss will be automatically converted into USD at the prevailing inter-bank exchange rate, known as the pip.
XM offers its trading services in over 200 countries around the world. Its head office is located in Limassol, Cyprus. It also has offices in Athens and Sydney. The company is regulated by the CySEC and ASIC. The firm follows stringent compliance guidelines. It also requires its brokers to publish regular financial statements and to segregate client money. This means that XM’s clients can rest easy knowing that their money is secure.
Withdrawals are processed within 24 hours. XM uses e-wallet and bank wire transfers to process withdrawal requests. However, you can also use a debit card or credit card to make withdrawals. However, if you choose to use a bank wire, it may take up to five business days before your funds arrive.
XM offers its clients real-time forex market pricing. It provides clients with buy and sell prices for a variety of instruments. With this information, you can determine which prices to buy/sell at, and execute your transaction at any time. It’s safe to say that XM’s real-time system is one of the safest, most efficient, and most secure available.