You can sign up for a free XM account by following a simple registration process. You will be required to provide some personal information and proof of address. You will also need to deposit funds into your account before you can start trading. This is an important step when it comes to online trading.
XM accepts traders from most countries. However, the following are excluded: the United States, Canada, Israel, Iran, and Argentina. XM offers competitive fees and comprehensive resources to traders. It is regulated by three tiers of authorities. Its trading activities are regulated by the Australian Securities and Investment Commission, Cyprus Securities and Exchange Commission, and the Financial Conduct Authority.
XM Forex also offers live chat support and specialized support. Their live chat option is particularly helpful for beginners, as it can answer many questions quickly and efficiently. There is a section of the site dedicated to answering common questions. If you’re not sure what to do, you can visit the XM Forex FAQ page to find the answers to your questions.
In addition to offering a range of trading instruments, XM has no commission and guarantees same-day withdrawals. In addition, the company offers flexible margin conditions and a wide range of leverage options, allowing its clients to benefit from even the smallest movements. For example, clients can use leverage ranging from 1:2 to 1:30. The flexibility of leverage allows traders to manage their risk accordingly. Margin requirements are constant throughout the week, and they never increase on the weekends.
Withdrawals are a common problem with most online trading platforms, and XM offers a number of withdrawal methods. Withdrawals take between one to five business days, depending on the method used. Withdrawals are possible with a credit or debit card. XM also accepts a variety of payment methods, including e-wallets and bank wires.
XM also offers a wide range of educational resources. They host hundreds of seminars all over the world, as well as excellent webinars in 19 languages. Standard Accounts can be opened for up to 200 positions at a time. XM offers fractional pip pricing, which ensures tighter spreads and more accurate quoting.
The company also offers phone and email support. The support team at XM is highly responsive and knowledgeable. They also have representatives who speak a range of languages. Representatives are available in English, Japanese, Chinese, Greek, Bahasa Malay, and other languages. They are available 24 hours a day, seven days a week.
XM also offers commodity trading. This means you can speculate on a particular commodity’s future value, without actually owning the financial instrument. Moreover, you don’t have to pay a stock exchange commission. You can even trade in the short market and profit from falling prices.