XM Global Review
bestforexcashback 2023/1/25 21:13:07
XM Global offers a wide range of assets to trade. You can choose from more than 55 currency pairs and over 15 commodities. XM also provides a number of CFDs on stocks and indices. This includes CFDs on over 1,200 individual shares and over 30 cryptocurrencies.
Traders with XM can benefit from a wide array of educational resources. The firm offers weekly webinars and live chat sessions that focus on a variety of market topics. There are also a number of trading tools and strategies available. XM offers a non-expiring demo account that traders can use to learn the ropes.
XM"s main types of accounts are the Standard Account, Micro Account, Zero Account, and Ultra Low Account. These vary in terms of the minimum deposit required, the leverage offered, and the commissions that are charged. With each type of account, you can choose the base currency. When choosing the base currency, you eliminate future currency risks. However, if you choose a different base currency, you will be responsible for the spreads and any currency exchange fees.
XM"s Standard account allows you to place up to a hundred thousand dollars in a single Standard lot. Spreads on this account are around 1.6 to 1.7 pips. In addition, XM"s Micro account is commission free and has similar spreads to the Standard account. Trading lots are also the same on these two accounts.
For traders who want to avoid commissions, the XM Zero Account is available. The commissions are only $7.00 per $100,000 standard lot. XM"s Zero account is based on the STP/ECN execution model, so the spread is lower than other accounts. However, the spreads are a bit higher than the Micro and Standard accounts. Unlike these accounts, the Zero account is only available to UK and European clients.
XM is available in a number of languages, and you can access customer support in several locations. Customers can also sign up for weekly live Q&A sessions with experts in the financial industry. XM has an excellent economic calendar that helps to keep you informed about the major markets.
XM also offers a number of options for adding and withdrawing money. You can add funds by using electronic payment gateways or using local bank transfer services. To withdraw, you can choose to use Wire Transfer, Skrill, or Neteller. If you are looking for a more convenient way to withdraw your funds, you can do so through China Union Pay.
XM is a reliable and established brand that has been providing customers with forex and CFD trading solutions for years. In addition to its wide array of assets and competitive rates, the firm has a great reputation for customer service.