XM Forex UAE offers zero-fee trading accounts, as well as credit and debit card payment options. To open an account, simply follow the instructions, and you’ll be on your way in less than 60 minutes. The minimum deposit is 200 AED, and you can fund it with a credit card, wire transfer, or e-wallet.
The company offers a demo account, funded with virtual money, allowing you to practice trading in the real market without risking real money. You can also switch between demo and live accounts as you please. The best forex brokers in UAE accept a number of payment methods, including credit/debit cards, e-wallets, and bank transfers.
XM Forex UAE is regulated by the Dubai Financial Services Authority and is licensed by the FSCA in South Africa and the FCA in the United Kingdom. It is also fully accredited with the United Nations. This means that XM offers an excellent service to its clients, as it is a fully regulated broker.
XM is an international brand with over five million clients worldwide. The company is not publicly traded, but is regulated by the Cyprus Securities and Exchange Commission, the Australian Securities and Investments Commission, and the Financial Services Commission of Belize. It is a member of the XM Group of regulated online brokers. It is also a member of the Cyprus Securities and Exchange Commission, which provides investors with a safe and secure trading environment. The company offers low spreads and flexible leverage.
XM Forex Uae is easy to use and offers no hidden fees. It is free to sign up for a demo account, and you can trade with leverage up to 1:000. XM also offers swap-free trading for Islamic accounts. And it has a wide range of currency pairs, including major ones. The company offers trading in major pairs with spreads as low as 0.6 pips.
XM offers a range of educational programs to help you learn about forex trading. Almost all of the courses are video, and include basic information on money management and trading strategies. XM’s training also includes live training. This means that you never lose more than what you deposit.
AvaTrade has many tier-one financial regulators, including the Abu Dhabi Global Markets (ADGM) and the Financial Regulatory Services Authority (FRSA). Its customer support is available 24/7 in English and Arabic, and if you have questions, you can contact customer support through live chat or email.
In addition to live support, XM also offers educational resources, including live trading signals. These signals are available twice daily and are designed to give customers an idea of what the market is doing. There are also a variety of videos available for advanced and beginner traders on the company’s website.
XM offers three types of commission-free accounts: Micro, Standard, and Ultra-Low. The Micro and Standard accounts both have rock-bottom minimum deposits. The Ultra-Low account is best for beginners. It features lower spreads and the same trading lots as the Standard and Micro accounts.