Opening an XM account is easy and requires only a few minutes. It is also fully digital, meaning you won"t have to deal with a paper form. When you make a deposit to your account, XM will transfer the funds to your bank. This can be done via a credit card or debit card. The amount you can withdraw is based on the type of account you have. For instance, you can only withdraw from an XM Micro account if you deposited with a credit card.
XM offers a variety of trading platforms. Whether you want to trade CFDs, Forex, or spread betting, you"ll be able to find a platform that suits you. XM"s trading environments are regulated and offer good customer service. They accept customers from around the world.
XM"s demo accounts are available to new and existing clients, and they allow you to practice on a virtual balance of $100,000. This lets you experience the benefits of trading without losing real money. In addition, you can keep your demo account open after you activate your live account.
XM"s demo accounts can be opened online, and you will need to provide your name, email address, and telephone number. Afterward, you will receive a confirmation email. You can then start using the XM app to monitor your accounts and learn about the financial markets. There are hundreds of CFD instruments to choose from, and the app allows you to access real-time data and market insights.
XM is regulated by CySEC, and its parent company, Trading Point Holdings Ltd, is registered with ASIC and the FCA. All regulatory agencies have strict guidelines regarding financial security and compliance. To ensure that your information is secure, XM follows standard security practices and encryption technology.
XM"s website has no obvious security concerns. But there are some precautions you should take, including multi-factor authentication and strong organizational procedures.
Before you can withdraw from your XM account, you"ll need to verify your identity and provide an official identification document. You"ll also need to verify your residence. XM will process your withdrawal request within 24 hours. However, the length of time it takes for the money to appear in your account depends on your funding method. Generally, a withdrawal can take between two and five business days.
XM"s banking services are also available in Malaysia. You can deposit and withdraw funds through credit cards, debit cards, e-wallets, and bank wire transfers. Bank wires can take up to five business days. Credit cards and e-wallets can be processed instantly, but there are fees for deposits that are under $200.
XM"s customer support is available seven days a week. Clients can contact them directly via telephone, email, or online chat.