XM Forex Philippine is a branch of the XM international brand. Its main goal is to cater to clients in the Philippines. The broker has a long track record and is regulated by multiple credible authorities. The company also offers a wide range of educational resources. Its platform is tried and tested, and its minimum deposit is a very low amount. Moreover, it offers a demo account that takes less than a minute to open.
XM Filipino offers standard trading tools. You can select from Micro, Standard, Ultra-Low, Shares, and Swap-free accounts. Micro and Standard accounts can be opened for as low as $5. There is also a Swap-free account available for Muslims. XM offers competitive and reasonable overnight financing rates. You can deposit and withdraw funds through Visa and MasterCard. XM also covers the costs involved in making deposits and withdrawals.
XM Filipino is a licensed broker. This means that it has a reputation for being transparent and safe. Furthermore, this broker offers negative balance protection, which means that if you lose money during trading, the amount you lose will not exceed your initial deposit. XM Filipino also offers a referral bonus, which is based on the number of friends you refer to open an account.
XM Philippine has several positive features, including low deposit fees and free news. The company also has no restrictions on trading during news releases. However, traders should be aware of its commission policies. Fixed spreads are typically higher than variable ones, but are more flexible for different trading strategies. And since the commissions are transparent, they are inclusive of all costs associated with trading. XM does not charge any hidden fees or inactivity fees.
In addition to their high-quality services, XM also offers training and education. Their website offers resources for both beginner and advanced traders. The learning center offers trading data and other information necessary to succeed in the forex trading market. And, the company’s educational support is extensive across multiple regions.
XM Forex offers access to more than 55 currency pairs. In addition, the platform also supports a wide range of other financial instruments, including precious metals and stocks. However, XM does not offer futures or binary options. Moreover, it offers free trading signals, forex calculators, and an extensive Research and Education center.
Founded in 2009, XM has a global client base with over 1.5 million traders. Its management team has traveled to more than 120 cities and held over 100 seminars to teach its clients. Its goal is to provide its clients with the best user experience in the industry. Moreover, a five-dollar deposit is sufficient to open an account.
XM offers four different account types for its clients. One can opt for the Micro Account, Standard Account, and Ultra Low Spread account. All of them come with exceptional trading conditions, and all are suitable for beginners and intermediate traders alike. All of them also have access to MT4, technical analysis, and personal account managers. Moreover, Micro Accounts can be opened with USD or EUR as the base currency. A Micro Account allows users to trade without a limit on the amount they can invest.