XM is one of the world’s largest Forex brokers. It operates in 190 countries and services thousands of accounts. The company is regulated by the EU and UK, and offers over 1,000 trading instruments. XM has a reputation for order execution quality. It offers copy trading service using the MT4 and MT5 platforms. The platform’s copy trading service uses the social and online trading possibilities to gather experienced traders into one place. This allows novice investors to focus on forming strategies and trading strategies instead of worrying about what to invest in.
XM is a highly-respected broker with over two billion trades. It was founded on a set of principles that ensure a high-level of client service. The company has been able to meet strict compliance guidelines and has been approved by 13 regulating bodies.
XM is licensed by three financial authorities: the Cyprus Securities and Exchange Commission (ASEC) and the Australian Securities and Investments Commission (ASIC). It also maintains adequate capital and segregates the client’s money. It has offices in Athens, Sydney, and Limassol.
XM’s deposit and withdrawal processes are quick and easy. It offers several deposit methods and charges no currency conversion fees. It also offers access to its Virtual Private Server for free. In addition, it has an extensive library of educational materials, including technical analysis and videos. It also has a learning center with webinars and seminars.
The minimum deposit for opening an account with XM is $5. There are four different account types offered by XM. Each one offers different benefits and fees. For example, some of them offer more leverage for lower deposit amounts. Other types of accounts include Islamic accounts and corporate accounts. XM does not offer corporate accounts, however. And while the company accepts customers from almost any country, some countries do not.
If you are new to trading, you can also subscribe to signals through a signal provider. These signals will be provided to you in your MetaTrader 5 platform. The subscription fees can vary from a few dollars to a few thousand dollars, depending on your experience level. You can also select the option you want to use to copy the trades of other XM traders.
XM’s mobile trading platform is very user-friendly and convenient. The platform allows one-step login for platform use, but requires two-step login for deposits and withdrawals. You can also sign up for email notifications. If you are a mobile user, you can also set up mobile push notifications. The platform supports most trading assets, including CFDs, but is missing forex.