XM Forex leverage is an option to consider if you want to trade on the foreign exchange market. It offers leverage levels of up to 888:1. However, you should be aware that there are limitations to the leverage you can use. These limits are based on the entity you are registered with and the financial instrument you are trading.
XM Forex leverage levels are based on the type of account you have. There are four types of accounts available. The Micro account has the highest leverage, whereas the Standard account offers the lowest leverage. In addition, the Zero account allows you to trade with as little as zero leverage. The Micro, Standard and Executive accounts are suitable for different trading styles and risk appetites. Each account type has its own leverage level, and you can easily see them at XM’s website.
The standard account is suitable for more experienced traders. It has a maximum leverage of 1:400, fixed spreads and a maximum number of simultaneous orders of 300. There is no minimum deposit and no commission. XM Forex leverage is also a great benefit for seasoned traders. A trader can view the conditions of each asset class before investing in them.
XM has more than five million clients in 190 countries. It claims to have completed over 2.4 billion transactions without rejections. It also has over 450 employees globally. It claims to be a reliable broker with no hidden fees. In addition, it offers a range of trading conditions that can accommodate any type of trader.
XM has several trading platforms. It offers the Meta trader platform, and is based in Cyprus. Its leverage is up to 1:888, which allows you to trade larger positions than your capital. It is also a powerful manual trading platform. This platform is known for its clean look and powerful charting tools.
XM also offers zero fees for deposits and withdrawals. Customers can deposit with credit or debit cards or bank transfers. Withdrawals are free, but you must make sure that the funds are in your name. It’s also worth mentioning that it takes several days for a bank transfer to be processed. The minimum deposit is $5 USD.
XM is also very popular with traders because it offers a free demo account that does not expire. You can open as many demo accounts as you wish. The demo account also provides $100,000 in virtual trading funds and 24 hours of support. XM also provides educational materials for its clients and offers educational videos and webinars.
The company’s reputation for quality learning is a key component of its services. Its educational resources include a library of tutorials, videos, webinars, and live events around the world. Moreover, the company hosts seminars worldwide that teach you how to use various technical analysis tools.