The XM Forex Arena is a unique platform that allows its members to compete in a variety of Forex competitions. There are various types of competitions, from duel trading to a race, and each one is designed to test the trading capabilities of XM clients. If you are considering signing up for the contests, you can find more information about the contests at xm.com/contest.
XM Forex Arena features a comprehensive library of educational materials and a support team that can answer any questions that you might have. It also features a demo account and real money accounts. You can deposit and withdraw money from the platform through various payment methods. The platform accepts all popular currencies and will convert your money into the base currency when necessary.
XM has low forex fees and average non-trading fees. You can choose between a Micro or Standard account, which is designed for beginners. You can also choose a Zero account, which has a minimum deposit of $100 and offers spreads as low as 0 pips. You can also choose a mixed commission-based or non-commission account to save money. XM also offers variable spreads for all of their instruments, including forex. The spreads are as low as 0.6 pips for the major currency pairs. And there are no hidden fees, or other fees, to worry about.
The XM Group has been expanding its global footprint since 2015, and now includes entities that are regulated by the ASIC and FCA in the United Kingdom. They are also covered by the Financial Commission Compensation Fund. The Financial Commission is the first independent external dispute resolution body in the forex industry. It has brought together leading industry professionals, and its Dispute Resolution Committee will resolve any disputes related to forex trading. It will also provide a professional and unbiased opinion.
XM is a globally recognized forex and CFD broker. It is licensed in many Top-tier jurisdictions and is a member of the Compensation Fund of the Financial Commission, which provides protection up to EUR20 000 per case. The XM Forex Arena is a great place for traders looking to make money on the foreign currency exchange market.
XM’s support staff is available around the clock. It also offers a free demo account to registered clients. The demo account comes with simulated virtual money, and has all the features of a live account. This is ideal for beginning forex traders. Additionally, XM has a mobile app for trading forex and CFDs.
Withdrawals are processed within 24 hours. After they are processed, the funds are instantly reflected in your account. Withdrawal requests are processed in the same currency as your deposit.
