In this XM Forex review, we will examine the company’s features and service, as well as its reputation in the forex trading industry. For starters, the broker is a legitimate firm with regulatory oversight from a number of financial regulatory bodies. Furthermore, it provides customer support in 25 languages. These features make XM a good choice for traders who are looking for a flexible broker with superior services.
XM uses the popular MetaTrader trading platform for their clients. The platform has numerous features, such as real-time market prices and unlimited charts. This makes the platform user-friendly for all traders. Furthermore, the company’s low deposit requirement is also an advantage. Traders can open a maximum of 200 positions at a time. The company also offers fractional pip pricing, which means that traders can enjoy tight spreads and accurate quoting.
XM has a wide range of assets available, including US stocks and commodities. It also offers a variety of futures and cash indices. Additionally, it offers a Market Preview page, which features daily previews of the European open and a news feed focused on stocks. In addition to the research tools, XM also has a subscription-based service for technical indicators.
XM has an excellent reputation and a long history in the industry. It has over 2.5 million clients in 196 countries, and has executed 1.4 billion trades. Its management team has traveled to more than 120 cities in order to meet traders and learn more about trading. The company also offers a bonus program and loyalty program, and has simple account opening procedures.
XM accepts payments via bank wire transfers and credit card transactions. While electronic payments are instant, non-electronic payments can take up to five business days, depending on the client’s bank. It also offers a number of deposit methods, including PayPal and Neteller. The company also allows withdrawals to bank accounts.
XM warns its clients that they can trade with leverage, but that this increases the risk and reward of trading. It also provides a margin monitoring feature, which allows traders to keep track of their free margin, which fluctuates based on the equity in their accounts. Although this feature can make it harder to trade with a high leverage, it can help traders absorb losses and open additional positions.
Another important feature of XM is its advanced platform. It supports MetaTrader 4 and MetaTrader 5, which are popular trading platforms. This allows for ease of use for newcomers and offers a variety of tools for more advanced traders. It also provides real-time forex market news and research. Traders can access its platform from any device.
Another important feature that XM offers is its customer support in more than 30 languages. The company also offers sixteen full-featured trading platforms to suit the trading needs of any trader. Additionally, it’s regulated by the UK’s FCA.