If you are looking for an easy way to deposit money into your XM forex account, you’ll want to know that XM supports a variety of deposit methods. You can choose from credit card deposits, bank wire transfers, and e-wallets. You can deposit up to $200 with each option, and XM covers any bank fees that are incurred.
In order to make deposits, you must register for an XM account. You can deposit in your registered currency, including USD. Then, fill in the amount you want to deposit. Once the transaction has been completed, you will be given instructions for how to withdraw the funds. For some deposit methods, you may also be able to make withdrawals. If you aren’t sure which method to use, you can find instructions at xm.
XM offers 3 types of commission-free accounts. One of them is the Micro account, which has the same minimum deposit as the Standard account. The Standard account has lower spreads, and can be used for a range of trading. The Micro and Standard accounts can be used to trade on any major currency.
XM also offers eWallet deposits. However, these methods may require a fee. XM accepts deposits through a variety of countries. You can deposit as little as $5 for a micro account or as much as $100 for a zero account. You can also use Western Union, MoneyGram, and other local methods. Some countries even have local banks that accept deposits for XM.
XM also allows you to use Expert Advisors. You can also change your account leverage levels after you have registered. In addition, XM has a 50% deposit bonus up to $500, and a 20% deposit bonus up to $4,500. It also offers free VPS service, which is useful if you are using EAs. Additionally, XM runs seasonal promotions and invite-only bonuses.
XM also provides a demo account for new clients. These accounts allow you to practice trading with a virtual account without the risk of actual capital. You can try out different strategies on this account before you make a live deposit. If you have any doubts about opening an account, you can contact XM support.
XM has a high degree of regulation from tier 1 and tier 2 regulatory bodies. This means that it is a safe and reliable broker. The company has external auditors who regularly check its financial statements. This ensures that it meets strict financial requirements. It also has a wide range of trading instruments. Its unique trading solutions allow you to trade with flexible leverage and hedging. XM offers the best in customer service.
XM uses strict security measures to keep client funds safe. They use reputable banks and do not allow any of their employees to use client funds. Furthermore, they are regulated by the Australian Securities and Investments Commission and the International Financial Services Commission.