XM offers a wide variety of accounts and instruments, allowing traders to select one that best fits their needs. This includes a commission free Ultra Low Account that features a rock-bottom minimum deposit. It is ideal for beginner traders. XM also offers three types of commission free accounts, each with a different level of leverage.
Traders can open an XM demo account to practice trading. Before opening an account, they will need to provide their email address and accept a risk disclosure. XM offers a range of trading tools for clients, such as ADX and PSAR Indicators, as well as the Ribbon Indicator. Additionally, XM provides chart monitoring for the NASDAQ 100.
The XM brokerage firm offers a full range of markets, from indices and currencies to commodity futures and CFDs. Clients are able to trade multiple markets through the same login. Whether they are a beginner or an experienced trader, XM has an option for everyone. Aside from its extensive range of products, XM is also known for its high levels of customer support. There are live representatives available 24 hours a day, allowing traders to request assistance anytime. Moreover, the company"s site has a research page, which offers a calendar of upcoming webinars.
As with any broker, there are fees associated with using XM. Depending on your asset class and region, the costs can vary. Regardless, XM ensures that its client funds are kept separate from its own.
XM clients can fund their accounts with credit cards, debit cards, e-wallets, and bank transfers. However, some e-wallet payment methods require a minimum amount. XM will also charge a carry fee of $15 for withdrawals under $200. Some e-wallet services do not work in all countries.
XM is a global brokerage with 2.5 million clients in 196 countries. XM is regulated by several international regulatory bodies. In particular, IFSC and ASIC regulate XM Global Limited, which is the parent company of XM. If a retail client of XM subsidiary is sued, he or she may be able to claim up to EUR20,000 in compensation.
XM does not offer guaranteed stop loss orders. However, it does guarantee a complete fill of orders up to 50 standard lots. For orders exceeding this threshold, XM uses partial fills. During times of market volatility, re-quotes are common. XM"s goal is to ensure that a trader"s order is filled. Even if it is not, XM will try to exit the trade.
XM does not accept clients from the Islamic Republic of Iran, the U.S., Israel, or certain other countries. However, they do provide flexible deposit methods to accommodate a variety of needs. One of these is the XM wire transfer, which is available worldwide.