XM has several deposit methods, including Moneybookers, Skrill, NetTeller, and bank transfers. You can also pay by credit card, Western Union, or Moneygram. You can deposit any amount of money, and XM will automatically convert it. Its withdrawal policy is also flexible.
XM offers flexible spreads, as well as fixed ones. However, customers with fixed spreads will have to pay insurance premiums in addition to the spread, which means they ll have higher trading costs. Moreover, they ll have limited trading during news announcements. This is why XM recommends that traders avoid using leverage in their trading.
XM also provides a wealth of educational materials and trading tools to help new traders navigate the complex forex markets. In addition, they offer dozens of webinars a day in English and 19 other languages. Moreover, they have a dedicated team of market professionals that are available to help their customers.
Standard accounts can use any base currency, including USD. A standard lot is 100,000 units. Traders can start with a minimum of $5 USD and trade on the major currency pairs. Spreads on these currency pairs are low, which makes them an excellent choice for traders. Traders can also use a Zero account if they wish.
XM also offers a mobile trading platform. It supports more than 55 currency pairs, including majors, exotics, and crosses. Its mobile trading platform has great features. The company has also partnered with numerous liquidity providers to limit the risk of illiquidity. The company offers a number of technical tools and a great economic calendar. It also offers no hidden fees or re-quotes.
Demo accounts are a great way to learn about trading without risking your real money. XM allows clients to open up as trading forex full time,xm,xm broker,xm login as five demo accounts. Each demo account starts with $100,000 in virtual funds and works across desktop, web, and mobile platforms. Moreover, demo accounts don t expire. If you ve been inactive for 90 days since your last login, your demo account will be closed. However, you can open another demo account if you need more practice.
Withdrawals are also available through XM. Clients can transfer funds to their bank accounts through either a credit card or a bank transfer. Withdrawals can take up to five business days, depending on the method chosen. XM s withdrawal policies are easy to understand and follow.