XM allows clients to use leverage from 1:888 to 1:1000. The leverage can be adjusted on demand from a set limit to a higher limit and never widens during the week. However, clients should always be aware that higher leverage also means higher risk. This is why clients should plan their strategies accordingly.
XM is a global broker with over 2.5 million clients in 196 countries. It has executed over 1.4 billion trades with zero rejections. Their management team also visits every country and has a presence in 120 cities. As a result, they are able to deliver best execution and tight spreads to their clients.
XM has different types of accounts for different traders. Its Standard account is designed for experienced traders. It has a maximum leverage of 1:400, fixed spreads, and the capacity for 300 simultaneous trades. This account comes with excellent facilities and requires a minimum deposit of $100,000. This account type allows clients to trade multiple currencies with a single account.
XM has a transparent rollover policy that lets clients roll over open positions for up to 3 days. If a trade does not expire during this period, XM will take care of the rollover interest. Unlike some other brokerages, XM only allows rollovers on Monday to Friday. Positions held on weekends will be charged interest.
XM offers 24-hour customer support and can assist customers with questions or concerns. Their representatives are also available in several languages. You can contact them in English, Arabic, Bulgarian, Greek, German, Italian, Korean, and more. This gives you a wider range of options and helps you make better decisions.
XM offers a demo account for new customers. To sign up for a live account, customers need to transfer at least $5 to a brokerage account. Almost every country in the world can open an account with XM, with a few exceptions. XM’s online account opening process takes around 20 minutes. You will need to provide personal information, your country of residence, and an email address.
If your account drops below the required margin level, the XM brokerage will issue a margin call to let you know you are short of funds. If you can’t cover the costs, it may be time to exit your trade. Margin calls are a way to minimize risks when you’re trading.
XM offers several trading tools, including MT4 and MT5. You can also use a combination of these tools to maximize your potential gains. This includes the Ribbon Indicator, River Indicator, Bollinger Bands Indicator, Ichimoku Indicator, and the ADX and PSAR Indicator. You can even access XM on your mobile device.
XM is committed to humanizing the trading process. The company has representatives from around the world, and its management makes it a priority to connect with its clients. They also hold seminars throughout the world to help traders improve their trading skills.