XM Forex Cyprus is one of the largest forex brokers in the world. The company was started in 2009 and has offices in more than 196 countries. Its customer support is available in 30 languages, including English and Greek. XM’s success is due to its attention to the needs of its clients.
XM has a reputation for reliability and low trading costs. The broker offers zero commission accounts and ultra-fast trading executions. Its CySEC license enables it to serve traders in 196 countries, including Cyprus. It also has a branch in Dubai and is authorized to do business in the MENA region.
XM accepts a number of payment methods, including Visa and MasterCard. It also offers a local bank transfer option, eliminating conversion fees. Withdrawals are processed within 24 hours. The minimum amount required varies by payment method and trading account validation status. It is important to do your research before making a deposit to ensure you’re getting the best deal possible.
XM offers a range of flexible trading options for beginners and experienced traders. The company’s trading platforms allow for a wide variety of investment portfolios and account sizes. XM Cyprus is regulated by the CySEC and offers clients negative balance protection and compensation for account failure. It offers three trading accounts: XM Micro, XM Standard, and XM Ultra Low. The standard account allows up to 1:888 leverage. A minimum deposit of $5 will open an account.
XM provides a range of educational materials for its clients. Its XM Learning Center provides trading data and other information needed to make informed trading decisions. XM also offers a non-expiring demo account, which can be used to test new trading strategies without risking real money.