XM is a highly-rated broker, with customer support available in twenty-one languages. It offers comprehensive research and analysis and has a team of market specialists to help customers make informed decisions. It also has a comprehensive economic calendar and a 24-hour customer support line. Customers can also deposit funds via bank transfer, credit/debit card, and Western Union. The brokerage accepts all currencies, and automatically converts them for you.
XM was founded in 2009 and has grown into one of the largest Forex brokers in the world. Traders from over 195 countries use XM’s services. Their website offers information in more than 30 languages and they have a 24-hour personal customer support service. In addition, XM is highly regulated by numerous financial agencies and is dedicated to the safety of its clients.
The trading platform supports a wide range of products, including forex and commodities. It offers spreads as low as 1.7 pips on EUR/USD and two pips on EUR/GBP. Furthermore, it offers CFDs on 17 commodities, and there are no conversion fees.
XM offers four types of accounts, each with a different set of features. The micro account is ideal for beginners, and requires a minimum deposit of only $5. The standard account is for experienced traders and offers everything a trader would need from a broker. XM’s standard account is also one of its most popular options. The name comes from slot machine slots, and a standard lot equals one hundred thousand units of currency.
XM offers a range of trading accounts and more than 1,000 assets. You can choose the one that best meets your trading needs. XM has a zero spread standard account and commission-based trading accounts. If you’re new to forex trading, you can start with a zero-spread account. It also supports hedging, scalping, and automated trading via Expert Advisers.
XM has five million clients in 190 countries and has a reputation for fair trading. It claims to have completed 2.4 billion trades without rejecting any transaction. XM has numerous meetings around the world, and its employees span the globe. The company’s goal is to be an honest broker with no hidden charges or hassles.
XM provides its retail clients with five types of accounts. Their Micro Account allows investors to trade in nano and mini lots. The minimum trade size for this account type is 0.1 nano lots. This is equivalent to 0.0001 standard lots and equals $10 in non-leveraged trading. To minimize risk, XM offers standard order tools including stop loss, take profit, and limit orders. The software also features a trailing stop, which helps mitigate negative market moves.
Standard account spreads are high. However, they are lower than those offered by the market leaders. The minimum deposit is five dollars. For non-CFD exchange-traded securities, you can open an XM Shares account. In addition, XM Broadcasting features high-quality video content and live recordings. The full MetaTrader suite and Analyzzer algorithm are also available. The average spread for standard accounts is high, and there are no published average spreads for the XM Zero account.