XM Forex Singapore Review

xm forex singapore

XM Forex Singapore has a large selection of trading products and is a renowned broker with an experienced team of professionals. The company’s service is fast, reliable, and available in many languages. Its support representatives speak English, Chinese, Japanese, and Bahasa Malay. You can also contact them by email or live chat. Its services are available at all times, including weekends.

XM offers a variety of trading platforms and flexible options for all types of traders. The firm’s fees are competitive and offers extensive resources. Unlike many brokerage firms, XM allows up to two hundred positions open at a time. It also offers fee-free deposit and withdrawal.

Withdrawals can be done through credit cards, bank wire transfers, and e-wallets. Most banks charge a fee to process withdrawal requests, but XM covers all fees associated with the transactions. In addition to this, withdrawals can be done in the currency that you originally deposited.

XM Singapore offers several payment options to meet the needs of different traders. For example, the Micro Account requires only a five-dollar minimum deposit and allows for 200 open positions. It also offers a local bank transfer option that eliminates the need for conversion fees. There are also different account types, including a Zero Account, which requires a minimum deposit of $100.

XM Group offers exceptional customer support that caters to the needs of new traders. They have a live chat service for newbies and provide training in the use of the MetaTrader platforms. The MetaTrader suite provides clients with the full range of tools they need to conduct trades. This platform also includes a mobile application.

XM Singapore’s micro and standard accounts feature low commissions. These accounts allow you to trade the currency of your choice with spreads starting at one pip. In addition, the Standard and Micro accounts are commission-free. The spread on EUR/USD currency pairs is about 1.6 pips.

XM Group offers more than 1,000 financial instruments through the MetaTrader 4 or MetaTrader 5 platform. Its clients can also trade CFDs on cryptocurrencies. The company boasts that 99% of its trades are completed in a millisecond or less. It serves more than five million clients across 190 countries.

XM offers leverage from one:1 to 30:1 for certain financial instruments. However, the amount of leverage you can use depends on your account type and the regulatory requirements of the XM entity. In addition, you should choose the leverage carefully. In addition to low leverage, XM also provides a wide range of technical tools and an economic calendar.

XM provides quality learning with its live education offerings and regular Forex seminars in various destinations. This educational program is designed to help you become a successful trader, and XM invests heavily in user education. They also offer free webinars and online educational materials in their native languages.

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With over 5,000,000 clients since it was founded in 2009, XM has grown to a large and well established international investment firm and has become a true industry leader.

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