XM has a global presence with over 5 million clients from 190 countries. They claim to have handled over 2.4 billion transactions without a single rejection. Their customer service is dedicated and knowledgeable. They offer support 24 hours a day. And their representatives are proficient in multiple languages. If you’re looking for a forex broker that’s easy to use and understand, XM might be the best choice for you.
As a forex broker, XM offers a full range of trading options. The platform allows you to trade in more than 100 different financial instruments. XM also allows you to trade on more than 100 currency pairs. You can even trade in cryptocurrencies. They claim that 99,35% of orders are executed in less than one second.
XM also offers many different types of trading accounts. XM’s Micro Account, for instance, allows you to open 200 positions per client. The minimum deposit required is only $5. Micro lots are comprised of 1,000 units of a base currency. You can trade in multiple currency pairs and if you don’t want to risk a lot of money, you can use a micro account.
Another option is a share account. Share accounts don’t offer leverage, but they’re suitable for traders with limited capital. Traders can open an account with as little as $5 USD and begin trading with this amount. In addition, XM offers an Islamic account for traders of the Muslim faith. Unlike many other brokers, XM doesn’t charge extra for this account type.
XM also offers a range of bonuses and promotions for new traders. Bonuses are particularly helpful if you’re new to the market. For example, if you have a $5,000 equity credit, you can receive free access to XM’s Virtual Private Server. Besides these great perks, XM also offers a host of education resources that will help you make smart decisions and increase your trading profits.
XM has a reputation for being one of the most user-friendly forex brokerages available. It’s easy to open a new account, and all of the procedures are transparent. Withdrawal fees are minimal. Withdrawals are processed within 24 hours. XM also provides a streamlined user experience, and its platforms are friendly to all kinds of traders.
XM also offers many more stock CFDs than other brokers, including major US companies. They also offer a number of commodities, including gold, silver, softs, coffee, corn, and soybeans. Additionally, XM has recently added cryptocurrency trading. The US30Cash cryptocurrency is available on the XM brokerage, and a range of equity indices, including the US500Cash and EU50Cash.
There are a number of ways to open an account with XM. You can sign up for a standard account, or choose a Zero Account, which requires a minimum deposit of just $10. XM also offers a number of educational materials, including free daily market analyses, for both beginners and experts.