XM Forex Broker Review
bestforexcashback 2023/1/13 13:35:30
XM offers competitive swap rates and flexible conditions. They have a margin call policy that allows for maximum risk to be safely managed. Traders are notified when their accounts are at risk and advised to close positions. In addition, XM provides daily updates on major trading sessions. XM also operates a seminar program to help traders improve their skills.
XM brokers accept several forms of identification, including a color copy of an official passport and driver"s license. Traders are required to verify their identity by completing a residential address verification form. Those who cannot provide these documents may have their account suspended. For an account to be opened, a minimum deposit of $5 is required.
In addition to these traditional services, XM also offers a host of forex calculators, free forex signals, MQL5 Trading Signals, and economic calendars. XM"s proprietary platform has been designed to ensure that all trades are executed quickly and accurately. Using the MetaTrader 4 and MetaTrader 5 platforms, XM clients are able to trade over 55 currency pairs, including majors such as the EUR, USD, and GBP, as well as minors such as JPY and PLN. Moreover, XM also offers a micro account option, which allows for trading in a limited number of currencies.
XM offers a number of payment options, including credit cards, electronic payment gateways, and local bank transfer services. Those who use XM can also benefit from a virtual base currency balance of $100,000, which can be used for a wide variety of transactions. If you are interested in trading foreign exchange on a demo account, you can do so on the XM brokerage service website. However, you must not exceed a certain amount of time.
XM is primarily regulated by the Cyprus Securities and Exchange Commission (CySEC) and Australian Securities and Investments Commission (ASIC). The company is authorized by the IFSC to operate in the EU. Both regulators require a broker to maintain adequate capital. Additionally, CySEC requires that the broker submit financial statements to them on a regular basis.
XM also operates an extensive Research and Education center, offering daily updates on key market events. XM offers seminars in over 120 cities worldwide. Furthermore, it encourages customers to speak with their Client Relations Manager. Moreover, XM"s Legal Documents page contains a loyalty program, a bonus program, and a conflict of interest policy.
Aside from trading currencies, XM clients can also trade gold, silver, precious metals, and individual stocks. However, XM does not broker futures. Traders who are interested in binary options should contact another broker.
XM is a member of the XM Group, a community of regulated online brokers. It has been registered as a service provider since 2015. Currently, XM Global is regulated by the International Financial Services Commission, while Trading Point of Financial Instruments Ltd is authorized by the Australian Securities and Investments Commission.