XM is an international forex and CFD broker that has offices and representatives in more than 190 countries. It is regulated by the Cyprus Securities and Exchange Commission (CySEC), the International Financial Services Commission of Belize, and the Australian Securities and Investments Commission. All of these regulators are dedicated to ensuring the safety of XM"s services.
XM offers clients a wide variety of services and products to meet their needs. This includes the ability to trade currencies, commodities, and precious metals. Aside from these, it also offers a wide selection of CFDs. For instance, traders can choose between 57 forex pairs, including majors, minors, and exotics. However, XM does not offer CFDs on cryptocurrencies or ETFs.
XM"s customer support desk is available 24 hours a day, five days a week. In addition to providing live chat, the support team speaks more than ten languages. They also offer several types of service, from e-learning to research.
Besides offering great trading conditions, XM also offers a wide variety of bonuses to its clients. One of the best is the Refer a Friend Program. With this program, clients can earn a cash reward for each friend they refer. The amount of cash you can receive varies based on the type of account you open.
There are four different accounts that you can choose from when you register with XM. These accounts vary in terms of the minimum deposit required and the trading conditions you can access. You can use a Micro Account, a Standard Account, a Shares Account, or a Forex Account. Each of these accounts is highly customizable to the needs of the trader.
Despite the differences in the account types, the execution quality, the spreads, and the trading conditions are similar. You can use MT4 on your desktop or mobile device. Additionally, you can get free intraday market updates and access to free technical analysis tools. Furthermore, you can have the ability to use standard lots, and you can open up to 50 positions at a time. Traders can also select from leverages ranging from 1:1 to 888:1.
When it comes to the trading platform, you can use MT4 on your desktop or smartphone. This allows you to customize the charts and workspaces, as well as set up price alerts. Even if you don"t want to trade, you can still access your account information with the help of notifications.
Another great feature of XM is its commitment to ethical trading. For example, if you receive a margin call warning, the broker will inform you and give you the option to close the position. Similarly, if you have a pending order, the broker will execute it at the first market price.
Lastly, you can opt for a personal account manager. This makes it much easier to learn how to trade. XM"s experienced personnel can provide you with trading advice. Alternatively, you can choose from a large range of resources available in English, Greek, Spanish, French, Russian, Chinese, Arabic, and Indonesian.