Whether you are a beginner or an experienced trader, XM offers a range of accounts to suit your needs. You can choose from the Zero Account, which has a zero spread, to the Standard Trading Account, which allows you to make bigger trades. XM also offers a Micro Trading Account, which is ideal for those looking to invest in smaller amounts. Depending on the account you choose, you can use various payment methods to deposit and withdraw funds.
XM"s range of assets is larger than most competitors. The brokerage can offer customers CFDs on stocks, commodities, and cryptocurrencies. This includes more than 55 currency pairs. Traders can trade on the MetaTrader4 or MetaTrader5 platform, which comes with advanced technical analysis features. These platforms can be accessed on your desktop or mobile device.
In addition to its wide range of offerings, XM is a reputable broker that is regulated by important authorities. XM"s main focus is on customer service and transparency. A full FAQ page covers most of the most common questions. There is also a live chat option for users who need assistance. XM"s client funds are kept in segregated accounts with investment grade banks. Similarly, the Investor Compensation Fund ensures that the fund is protected up to EUR20,000 in the event of a broker"s insolvency.
XM"s pricing is competitive. The broker"s fees vary by asset category and lot size. For example, XM"s forex spreads are average for the industry. However, the spreads on CFDs are lower than those of most competing brokers. Moreover, XM has an option to fund your account with a local bank transfer.
XM also offers a range of education and training services. XM provides a live chat option, as well as a number of market research services. Additionally, there is an in-house video course, which gives you an idea of how the group"s proprietary indicators work.
XM"s customer support is available in over 25 languages. This makes XM an ideal choice for clients from around the world. Also, XM is licensed and regulated in several countries. Customers can also benefit from negative balance protection.
XM"s MetaTrader4 and MetaTrader5 are primarily used by professional traders. They provide access to 10 years of historical price data, and allow traders to backtest their strategies. Users can create trading signals using the built-in technical indicators or custom indicators. Another advantage of the MetaTrader4 and MetaTrader5 is that they are available for MAC, Android, and PC.
XM has a good reputation in the forex community, and is considered a reputable forex broker. Traders can benefit from a variety of products and services, and can get help from a knowledgeable account manager. Furthermore, XM"s website is user-friendly.
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