XM Live Account Review

If you are looking for a reliable forex and CFDs broker, you should consider XM. It is a legitimate and well-regulated brokerage that has become a key player in the global market. The broker offers various trading instruments, including commodities, CFDs, equity indices, and precious metals. In addition, it is regulated by several financial bodies in different countries.

Unlike most brokers, XM does not charge fees for depositing and withdrawing funds. However, a $50 inactivity fee will be charged after a year without activity. There is also a minimum deposit requirement. You can also withdraw profits at any time. Besides, XM offers flexible spreads, and the spread on major currency pairs starts from 0.6 pips.

XM has more than 1.5 million customers from 196 nations worldwide. They offer service in 30 languages and are available by telephone, email, and web-based live chat. A customer support team is available 24 hours per day. Additionally, XM offers a demo account for beginner traders.

XM is regulated by multiple Tier-1 regulatory authorities in different jurisdictions. Furthermore, the broker recently won the Best Forex Customer Service award. Besides, XM offers various bonus promotions. For example, a Micro account allows you to trade with micro lots, and you can open up to four accounts. This is especially beneficial for beginners who want to get a feel for the platform.

XM"s interface is easy to navigate. Its thematic segmentation is excellent, and all seven tabs contain important information about the trading process. Moreover, XM"s e-mail and telephone customer support is available 24 hours a day.

Traders who want to learn the ropes can use the XM Micro account, which offers a lower risk but higher gain potential. Those who are already experienced can go for a Standard or Zero account. Both types allow for zero-pip trading on major currency pairs.

XM is a broker that is regulated in Belize, and is licensed by several other Tier-1 regulatory bodies in other countries. Besides, the broker does not charge any hidden or transactional fees. Another benefit is that XM covers the transfer fees imposed by banks. Also, XM offers a wide range of payment methods. Moreover, it has an e-wallet option. Using an e-wallet is convenient, since XM accepts a variety of popular e-wallets, such as PayPal, Neteller, and Visa Electron.

XM"s customer support is very helpful, with a number of contact options, such as telephone, email, and web-based livechat. Clients can also request leverage changes up to the account type limits. XM does not accept clients from Israel and Canada. Lastly, XM does not offer services in Iran.

Among XM"s most attractive features is its low fees. XM is a highly competitive and reliable broker that offers a great number of trading instruments. Moreover, the broker has a broad range of trading platforms and offers more than 400 forex pairs. XM is a leading global broker and its services are accessible in many languages. Hence, if you are planning to become a forex or CFDs trader, you should consider XM.