XM is a top broker in the United States, offering a host of features for forex traders. It offers a variety of account types, and charges are low. Withdrawals and deposits are free, and there are few other fees. It accepts deposits in all currencies, including US dollars, and offers no minimum deposit or account maintenance fees. Withdrawals can take up to five days.
XM has more than 5 million clients in 190 countries. The company says that it has performed more than 2.4 billion transactions without a single rejection, and it is dedicated to being a fair broker. Their staff is a diverse and multi-lingual bunch that can help you with any questions or concerns you may have.
XM offers a commission-free Zero Account that allows you to trade currency pairs without extra fees. The spread on the EUR/USD currency pair is as low as 0.6 pips. The standard spread is 0.8 pips. The other currency pairs have higher markups, with spreads that average more than 1.6 pips.
XM has several account types for its customers. You can choose to open a micro or standard-sized account. Each type has different benefits, including lower spreads and no commissions. You can also open a ULTRA-LOW account, which is designed for beginners and uses USD as the base currency. This account type is best for people who are just beginning to trade, or who are not looking to make large deposits yet.
XM forex has been around for nine years and has won several industry awards. It has an excellent reputation and offers support in several languages. Additionally, it offers free demo accounts with $100,000 USD in virtual funds. XM offers education and training videos. It also hosts regular webinars and offers a free virtual private server service for traders.
The XM website has the most up-to-date information. You can check whether you’re eligible for an XM account by visiting its registration page. It also offers customer support in 25 languages. In addition to the Standard Account, XM offers Micro Accounts and XM Zero Accounts. For those living in the EU, XM offers a negative balance protection option, which means that your losses won’t be greater than your deposits.
The XM Group is a network of regulated online brokers. It is headquartered in Cyprus and operates in Sydney, Australia and the United Kingdom. It is also regulated by the Cyprus Securities and Exchange Commission (CySEC). It has millions of active traders around the world. If you’re looking for a reputable broker, XM is definitely a good choice.
XM offers trading in more than 200 countries. Its headquarters are in Limassol, Cyprus, but it also has offices in Sydney and Athens.