The XM Forex World Championship is a trading competition that offers a chance to win $1 million. The top 10 traders will be rewarded with cash prizes, and the winner will get to travel to Thailand. The company will cover all expenses. In addition, there are ongoing Bonus Promotions and Cash Back Promotions for long-time traders.
XM is part of the Trading Point Group and was founded in 2009. It is a global financial services company with offices in more than 120 cities around the world. Its staff consists of 180 professionals who provide trading services to a million clients. The company offers services in 30 languages and hosts a variety of free seminars throughout the year. It has been regulated by the CySEC and ASIC, and is registered with the UK’s Financial Conduct Authority. It has many partnerships across the world and is the proud sponsor of Usain Bolt.
The company also has an operational philosophy that aims to earn client loyalty. This approach aims to continually improve client experiences. The company monitors industry trends and technologies and adapts to changing client demands. Clients can expect best-in-class execution and tight spreads. XM provides unparalleled service, with a variety of account types.
XM offers a free $30 bonus for new clients who open their first real trading account. This bonus cannot be withdrawn, but profits earned with the bonus can be withdrawn. However, this bonus is not applicable to those who hold an XM Zero account. Moreover, XM’s customer support is excellent and available 24 hours a day. Its FAQ sections can provide valuable information.
XM also offers a margin call policy to protect its clients. The firm warns traders that trading with leverage carries higher risk, but also increases the potential rewards from trading. Its platform allows clients to monitor their margin with a margin monitoring system. This feature allows traders to monitor their free margin and use it to absorb losses or open additional positions.
Users of XM can place orders anytime during the trading day. These orders will remain open until they are closed, and the account balance is updated with the real-time market prices. They can hold up to 200 positions at any given time. In addition, XM uses fractional-pip pricing to provide the most accurate quotes.
XM offers trading services to clients in over 200 countries. Its head office is in Limassol, Cyprus, with offices in Sydney and Athens. There is also an Islamic Account available. These accounts do not charge any commissions, and they allow hedging of up to 200 open positions. In addition, XM offers a no deposit bonus.
XM offers two trading platforms: MetaTrader 4 and MataTrader 5. The latter includes a comprehensive set of tools for technical analysis and trading. It also offers flexible leverage ranging from 1:1 to 500:1. The software is available on Android and iOS devices. It also allows users to set up micro-lot trading accounts. The platform supports over 300 trading instruments, and the spreads are as low as 0.0 pips.