If you’ve been looking for a broker that offers no commission or hidden fees, you’ve probably already heard of XM. The company offers four types of trading accounts, ranging from a micro account to a standard one. XM also offers demo and zero accounts with no commission or minimum deposit. The exchange also provides free daily market analysis and educational materials.
XM claims to have over five million clients in 190 countries. It claims to have processed over 2.4 billion transactions without rejection. The company has 450 global employees and holds meetings in over 120 cities. In addition to offering competitive trading conditions, XM strives to be a fair broker.
XM offers 24/7 customer support in a variety of languages. Its customer service representatives are native speakers and can answer your questions in your own language. It also offers live chat support in several international locations. The XM customer support desk can be reached through email, live chat, and phone. The customer service representatives speak English, German, French, and Spanish, and are always ready to help you make the best possible trading decisions.
A demo account at XM allows you to experience a variety of trading tools before making a commitment. The software provides many options for automated trading. XM also provides a wide range of technical indicators for its clients. It also offers unlimited use of charts. Its charting system is extremely powerful and has a clean feel. It also offers a number of great manual trading tools.
XM is a regulated broker. It is licensed by three different financial agencies around the world, including Cyprus Securities and Exchange Commission (ASEC) and the Australian Securities and Investments Commission (ASIC). It also has a number of subsidiaries. All three are fully regulated. They comply with enhanced financial standards.
XM also provides a free demo account for customers. This account is an excellent tool for testing out strategies before committing to real money trading. The demo account comes with a $100,000 virtual balance. It also has no expiration date. Demo accounts are limited to five per trader. In addition, XM offers educational materials and supports 24 hours a day.
XM also offers its clients access to MetaTrader 4 and MetaTrader 5 trading platforms. These trading platforms manage the multi-asset trading activities of XM clients. These platforms allow you to trade stocks and indices, precious metals, and more. They also have mobile apps that make it easy to trade while on the go.
Withdrawal requests are processed quickly by the XM Accounting team. These are usually processed within one to three business days, depending on which country you are in. However, it can take up to five business days before you receive your funds. Withdrawal requests are processed in the same currency as the deposit.