If you have been thinking of starting a career in the forex market, then XM Forex might be a good place to start. The company has a proven track record and is regulated by the CySEC. This means that the firm has strict rules and regulations that are required of it. Its reputation is also high, as it boasts that it has carried out more than two billion trades without any re-quotes or rejections.
XM has an excellent mobile trading platform, which is easy to use and intuitive to use. The platform has a one-step login option, but requires two-step authentication for deposit and withdrawal functions. Unfortunately, the company does not offer face ID or fingerprint authentication, which will increase your security level. The website also has a search function with category folders and supports the same order types and time limits for both desktop and mobile.
XM offers a variety of investment options, including CFDs on cryptocurrencies. Its account types include Standard, Micro and Zero accounts. For EU residents, XM offers negative balance protection, which means that losses will not exceed the initial deposits. The company also offers a variety of educational resources.
XM excels at trading reliability, with 99% of its trades executed within a single second. The company’s software has been developed with the needs of both professional and retail traders in mind. This means that the company provides a secure platform for its customers and maintains multiple compliances with various financial authorities.
In addition to training, XM offers educational materials to help new traders get started. It also has free webinars on a variety of topics. If you’re interested in learning how to trade currencies, the company offers a free demo account with no expiry date. You can open up to five demo accounts per trader. The demo account offers access to $100,000 in virtual trading funds. Moreover, XM offers 24 hours of live support to clients.
XM is a globally-regulated company. Its trading products are regulated by the CySEC, Australian Securities and Investments Commission, and the Financial Services Commission of Belize. The company also has several subsidiaries in different countries. It is important to be aware of the jurisdiction of your broker before you trade.