The XM forex cryptocurrency trading platform comes with a number of technical tools to help you trade with ease. These include a great economic calendar and extensive charting tools. You can open an account and begin trading immediately, without having to wait for the market to open up again. Moreover, you can place your orders at any time of day. XM also allows you to open up to 200 positions at once, which can help you maximize your trading potential.
XM is regulated by financial authorities in most jurisdictions, so traders can rest assured that their capital and personal information are protected. The company also offers low fees and easy account funding. These factors make it a great choice for traders looking to begin or further their trading careers. XM’s trading platform is backed by an excellent customer service team, and you’ll be able to communicate with representatives via live chat and email if you have any questions or concerns.
XM offers brokerage services in 13 countries, including the UK, Australia, and the United States. Regulations are an important aspect of using a forex broker. Choosing a regulated company will protect you against fraudulent activity and insolvency. eToro, which is based in Cyprus, is fully regulated. FinCEN and ASIC oversee the financial activities of this financial service, so you can rest assured that eToro and XM are both legitimate brokers.
If you want to trade forex, XM is a legit online broker. It has over five million clients and is regulated by Cyprus’s Securities and Exchange Commission, the Australian Securities and Investments Commission, and the International Financial Services Commission. It offers a range of trading services, including Forex and CFD trading. It is one of the world’s largest networks, and has millions of active traders worldwide.
The platform itself offers an extensive selection of features for its users, including copy trading. You can access this community through a number of websites, or set up copy trading on the MQL5 platform directly through the XM trading platform. XM also offers a live chat widget that can be helpful if you have an urgent issue. It also provides phone support and weekend support.
XM has four types of accounts to suit different trading needs. The Micro Account, for example, allows you to open up to 200 positions with a $5 minimum deposit. You can open more than one Micro Account, and you can even deposit more than one thousand dollars. The XM Micro Account is the most popular type of account. With this account type, you can start trading with a small amount and keep it open for a long period of time.
Another advantage of XM is its educational services. Every week, it offers free webinars on topics of interest to users. The XM website also features free educational materials to help beginners with their trading. The site also provides live analysis of various markets.