XM is one of the world’s largest Forex brokers and is regulated in both the UK and the EU. They operate in over 190 countries and service thousands of clients. The XM trading platform offers an educational library that includes technical analysis, videos, and webinars. They also offer copy trading. In addition to this, XM has a low commission per trade and 0.4 point spreads in the peak trading hours.
To open an account with XM, you must provide your residential address and identity verification. This verification can be done by providing your identity and official identification documents. You will then be able to fund your account and make your first trade. It may take up to five business days to receive your funds.
XM requires a minimum deposit of $5 to open an account. They also adhere to strict compliance standards. They are a member of the IFSC, the Australian Securities and Investments Commission, and the Dubai Financial Services Authority. These regulatory bodies monitor XM’s activities and ensure that they comply with their rules.
