XM is a regulated forex broker with a reputation for providing transparent conditions. They offer a wide range of trading instruments, with spreads as low as 0.6 pips, leverage of up to 888:1 and a number of helpful resources. These resources include free daily market overviews and technical analysis. They also offer 24/5 active customer support.
XM also offers several educational resources for new traders. You can learn about forex market trends, risk management, and how to use trading tools. In addition, you can check out XM’s tools for managing trade orders and positions. These tools are especially helpful for novice traders, but can also help even experienced traders brush up on their skills and learn how to minimize their risks.
XM is a global operation that has clean records with five regulatory bodies. It also donates to non-profit organizations that help rural areas in Egypt. Lack of clean water and sanitation is a major problem in many parts of rural Egypt. Lack of clean water can lead to a host of illnesses and can be fatal for children.
XM offers trading services in mainstream and non-mainstream financial instruments. It offers CFDs on over a thousand markets, including 55 currencies and several non-mainstream ones. It also has CFDs on stocks, indices, metals, energies, and cryptocurrencies. With over a dozen trading platforms to choose from, XM is sure to meet your needs. It’s important to find the right broker for your needs.
The fees associated with XM’s trading platform are transparent. You can view all of the fees and charges at a glance. Most of these fees are built into the spread. Variable spreads are less expensive than fixed spreads, and XM’s average daily spread is 2.5 points. Meanwhile, fixed spreads are more flexible and work for different trading strategies.
XM also offers multiple payment options for its customers, including local bank transfers. This helps you avoid currency conversion fees. Moreover, the minimum deposit for the micro and standard accounts are low – only five dollars for the Micro Account, and 100 dollars for the Standard Account. However, you may find that some payment methods are not available in your country.
XM also has a robust education center that provides educational materials. The XM Learning Center offers videos, webinars and tutorials to help you learn how to trade. You can also find technical analysis, fundamental analysis, and live webinars. In addition, you can attend live seminars held by experts.
XM does not have its own trading platform, but it makes use of the MetaTrader 4 and MetaTrader 5 platforms. Although MetaTrader 4 is not compatible with stock CFD trading, it is still a viable option for investors who want to trade the market.