XM forex brokers offer a wide range of forex trading options. You can choose from 57 currency pairs, including all the major and minor currencies, as well as several exotic assets. There are also two types of account, called a micro and a standard account. The standard account allows you to use the standard lot size, while the ultra-low account allows you to trade with a smaller contract size.
XM requires a minimum deposit of $5 for a Micro Account, while a standard account starts at $50. Ultra-low account holders can enjoy zero commission trading environments. The standard account is suitable for all levels of traders, including beginners and experienced traders. XM also offers an Islamic account, which is a great option for investors who adhere to the Islamic faith.
XM offers more than 1300 instruments, including 57 currencies. Their trading platform features trading with MetaTrader 4, 5 and XM Research instruments. In addition to the standard account, XM offers a commission-based XM Zero account with a minimum deposit of $10,000. Its trading platform includes all the tools needed for successful trading, but the spreads are rather expensive in comparison to industry leaders.
Other trading tools available on XM include real-time market news, technical indicators, and an economic calendar. It is important to be aware of the latest economic developments. The XM website provides the most recent news from the market and includes video content for beginners and experienced traders. In addition to this, traders can also find educational content in the Tradepedia site. It includes videos, articles, and interactive videos.
In addition to this, XM has a very favorable execution policy. The majority of positions open within seconds, and some are opened instantly. Moreover, the broker supports market orders, which ensure the most accurate price quotes and shallowest spreads. Moreover, there are no requotes, which can be a major advantage for traders.
XM also offers a range of payment options. It accepts deposits in any base currency. It converts the deposit automatically into the base currency. Deposits above $200 are free. And withdrawals are guaranteed on the same day. Furthermore, XM has a number of withdrawal methods, including local bank transfer.
If you are not sure about which forex broker to choose, you can try a demo account for free. To do so, you must fill out an application form and add your personal details. Then, fill out the trading account details. Then, choose the trading platform and leverage that you want to use. You can also set the base currency of the account, which can help you decide the best trading platform for your needs.
The XM forex broker offers a variety of trading options, including commodity trading. You can invest in stocks, indices, precious metals, currencies, and more. In addition, XM also offers educational opportunities for both newbies and advanced traders. A customer support team is available on Monday to Friday and can help you make the best possible trading decisions.