XM is one of the leading forex brokers in the world. Its headquarters are in Cyprus and its staff speaks 30 different languages. It has offices in the UK, Australia, and the MENA region. Traders in Pakistan can easily access these branches. Opening an account is easy and takes just a few minutes.
XM is also known for its educational seminars. They host regular Forex Seminars and offer well-structured tutorials. Forex traders can learn fundamental and technical analysis, and XM will give them access to the necessary tools. The seminars are free of cost and registration is open to all online investors in Pakistan.
XM’s customer support is also available in many languages. Its live support desk is staffed by native speakers, so you can receive assistance in your own language. Moreover, XM’s customer support is open twenty-four hours a day, Monday through Friday. In addition, it offers live chat support in various international locations.
XM is a regulated forex broker that operates in over 196 countries across the world. Its trading environment follows strict regulatory measures. Its members are authorized by the Financial Services Commission and the IFSC. They must submit financial statements to these regulatory bodies and maintain sufficient capital. Additionally, they must maintain their clients’ money.
XM offers its customers the opportunity to open accounts using variable spreads. These spreads are based on the tom/next fees in the intrabank market. It also offers its clients the ability to borrow money at a low interest rate. Moreover, it has an active chat support department to help traders with their trading.
As for the minimum age to register, it is 18 years or above. You must be the legal age to open an account in XM. XM’s overnight financing rates are also competitive, so if you’re planning to keep your positions open for a day or two, XM might be a good option.
XM offers a wide range of trading options and a commission-free Forex account. XM’s Ultra-Low Standard Account, for example, has spreads as low as 0.6 pips for 1.0 standard lot. The average spread is 0.8 pips. The spreads are a bit higher for the other currencies, but you can still get a decent deal on XM.
Withdrawing money from XM is easy. Withdrawal requests are processed within a day or two. The funds are then transferred to your bank account in the same name as your XM account. The withdrawal amount must be at least five dollars. It may take longer if you’ve chosen other methods of payment.