XM is a forex trading broker that is recognized by most international monetary investment regulatory agencies. This firm uses an ECN (Electronic Communication Network) to zero its rates and process the entire transaction, which brings a number of benefits to their customers. XM is a good option for anyone looking for a forex broker that offers no minimum deposit.
Forex trading can be complicated, and this broker has a wide array of tools to help you make the best decisions. In addition to trading, XM also offers high-quality educational content and market research. Their customer service is available in twenty-five languages. Moreover, you can sign up for their Loyalty Program.
The company offers several account types, each with different fees and features. Account types affect the type of currency options you can choose, as well as the lot size you can trade with. The Micro account offers low commissions and is ideal for beginning and intermediate traders. The Standard account is similar to the Micro account, but supports up to one hundred thousand forex contracts.
XM offers 53 different currency pairs, as well as many other CFDs on major stock exchanges. The DAX, SP500, CAC40, and DowJones are among the stock exchanges supported by XM. Moreover, XM also offers CFDs on precious metals and crude oil. Its trading platform, Metatrader 4, offers nearly infinite technical indicators and allows for fast automated processing of trading positions.
XM was founded in 2009. It initially focused on intermediary forex services but later expanded into a universal brokerage firm. Its headquarters are in Cyprus, but it also has branches in the UK, Australia, and MENA. Other features of XM include a bonus and loyalty program, as well as simplified account opening procedures.
XM also offers 20 custom-built indicators to use in trading. Whether you’re looking for a Forex trading robot or a CFD broker, XM has the tools to help you make the right choice. In addition to its proprietary indicators, it offers access to over ten years of historical price data.
XM Global Limited is a certified broker by CySEC. It is also regulated by the FSC. The website is not located in Cyprus. Therefore, it is not easy to make a mistake with this broker. It is worth checking out and reading reviews before choosing to trade with XM.
Deposit and withdrawal fees are low at XM. You don’t have to deposit more than $50 to open an account. You can withdraw your funds anytime within 24 hours if you wish. Withdrawals over $200 will be processed via wire transfer. You can withdraw your funds in the same currency as your deposit.
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