The XM forex blog is a place where you can learn about trading online. It has a number of useful features, including live trading, news, and market analysis. There is also a section for education and research. In addition, XM offers a variety of financial instruments, including currencies, CFDs, precious metals, energy, and equity indices.
The site accepts traders from most countries. However, some countries are not accepted, such as the United States and Canada. In order to sign up, you must provide a copy of a government-issued ID. This can be a passport or a driver’s license. Another requirement is to provide proof of residential address. Some brokers, such as XM, will also require you to verify your email address.
XM provides several tiers of user accounts for different types of traders. A Micro Account, for example, allows up to 200 open positions per client. The minimum deposit is $5. One Micro lot equals 1,000 units of base currency. Whether you’re an experienced investor or new to the foreign exchange market, XM can help you find the right direction.
There are several educational resources available on XM’s website. The company is an industry leader and has more than 2.5 million clients in more than 120 countries. They have also hosted seminars around the world to help traders develop their trading skills. XM has been around for over a decade and has over 300 professionals.
XM offers commission-free Forex fees. XM Ultra-Low Standard Accounts have spreads as low as 0.6 pips. This is a great benefit for beginners as they can trade at a low cost. The average spread is around 0.8 pips. EUR/USD/JPY are excluded from the commission-free account, and other currencies have higher markups.
Another benefit of using XM is their regulatory status. As a Cyprus-based broker, XM is subject to the Investor Compensation Fund (ICSEF), which can award depositors up to EUR20,000 in the event of a financial crisis. Moreover, XM has been in operation as a brokerage since 2009. This longer track record makes it a reputable broker.
XM also offers various resources for beginners. There are various tutorial videos that show the basics of the MT4 platform. You can also subscribe to signal providers, and follow their trades. There are also reviews and other information about each signal provider. You can even copy trades from a particular signal provider and start earning money.