XM is a forex broker that offers its clients a variety of educational resources. Its XM Learning Center provides access to data and information necessary to trade effectively. The company has a worldwide education support network and aims to help educate traders so that they can make smarter decisions. Its educational resources cover a range of topics, including currency trading, money management, technical analysis, and trading strategies.
XM offers several payment options, including credit/debit cards and bank transfers. When using bank transfers, you can save on conversion fees. Credit/debit card payments are instantaneous. The minimum deposit amount varies, but it is as low as five dollars for a Micro Account and 100 dollars for a Standard Account. Once you’ve deposited your money, you can use your account to trade on the currency pair of your choice.
When you’re trading, you’ll be charged fees based on the value of your transactions. These fees may include commissions, spreads, financing rates, and conversion fees. There may also be other fees, such as withdrawal or inactivity fees. The XM website lists these fees for every asset class.
XM clients make trades on the popular MetaTrader platforms MT4 and MT5. Both are widely-used platforms in the industry and have many extensions. With the MT4 platform, you’ll be able to get comprehensive education and trading tools. In addition, it has a clean interface and is known for its powerful charting.
XM has been in business for over a decade and has millions of clients in over 190 countries. The company is regulated in the UK and EU, offers support in multiple languages, and offers a range of advanced trading solutions. It offers a range of trading services that make it an excellent choice for both new and experienced traders. Its fees are competitive, and the company strives to provide the best user experience in the industry.
XM is fully compliant with all applicable laws and regulations. It maintains separate bank accounts for client funds. It has staff that speaks 30 languages. It has also won numerous awards for excellence in forex brokerage, FX technology, and customer service. It also has authorized branches in Dubai and MENA region.
In addition to forex trading, the company offers CFDs on commodities, stocks, indices, and cryptocurrencies. It also has more than five million clients. Moreover, it is licensed by CySEC in Cyprus, ASIC in Australia, and the FSC in Belize. This means it follows enhanced regulatory standards.
Withdrawals can be processed quickly. XM’s accounting team processes withdrawal requests within one to three business days. It can take up to five business days for funds to clear if the funds are transferred from your account to a bank account that was not initially deposited through XM. It will be transferred in the currency that you deposited.