XM provides an easy-to-use and reliable platform, offering a large number of features to make the process of opening a live account smooth. Customers are supported 24 hours a day, seven days a week, with customer service available in more than thirty languages. Traders have access to a wealth of educational materials and tools. In addition to its competitive deposit requirements, XM also offers a demo account for beginners to test their skills.
To open a live account with XM, traders are required to answer a few simple questions and provide some personal information. Once verified, the broker will send an email confirmation of the deposit. However, it can take a few days for the method of deposit to show up on the brokerage account. This is because XM uses a bank transfer to pay customers.
XM brokers accept several payment methods, including Visa and Mastercard. Credit cards, e-wallets, and local bank transfers are also accepted. For deposits over $200, XM does not charge any fees. However, wire transfers to XM do require a fee.
XM is licensed in more than four jurisdictions and regulated by an official financial regulator. It is also a member of the Investor Compensation Fund, which ensures the safety of client funds. As a result, XM is one of the most regulated providers in the world. With a strong reputation and a variety of services, XM is the perfect choice for both experienced and novice traders.
If you are new to trading, the best way to start is by opening a demo account. XM gives you free access to a demo account with over $100 in virtual credit to practice. By taking advantage of this account, you will be able to learn more about the Forex market without risking any real money.
When you are ready to open a live account with XM, you can do so online. Before you do so, you will be asked to provide some personal details and sign up for email updates. Also, you will need to verify your identity by uploading a proof of identification and a valid phone number. XM does its best to complete this process as soon as possible.
XM"s low minimum deposit is a major benefit to many beginners. Most competitors require a minimum deposit of at least $100, which can be daunting for newcomers. Thankfully, XM has a low minimum deposit and allows you to use a variety of methods to fund your account.
XM is also one of the most reliable and secure brokers in the industry. They provide secure sites and offer multi-factor authentication. The website is protected by encryption technology, and clients can sign up for email updates and a password reminder.