This XM com review will look at some of the best features and benefits offered by this broker. It’s important to note that XM is licensed by the Australian Securities and Investment Commission (ASIC), one of the strictest regulatory bodies in the financial sector. The fact that XM has a license from ASIC means that you can be assured that your money is safe and that your trades will be transparent. The company’s products and services are designed to cater to different types of traders, so there’s no need to worry that you’ll get scammed.
XM offers a range of currency pairs and over 300 different financial instruments for trading. There are three primary account types: Micro, Standard, and Zero. All of them have their own minimum deposit levels. Micro accounts are free to open, while Standard and Zero accounts require a minimum deposit of $100. XM’s commission-free brokerage is another positive point in this XM com review. The company’s minimum deposit level for pending orders is set at 4.0 pips for EUR/USD and 5.2 pips for GBP/USD.
XM is a great place to learn about forex trading and other financial instruments. You’ll find extensive educational resources on the site’s Research and Education section. It includes industry-leading market analyses and webinars, as well as a wealth of articles, videos, and webinars. There are also Forex signals and economic calendars. You can analyze your investments through these tools. It’s easy to understand why so many people are turning to XM as their broker of choice.
XM also offers a large selection of commodities and precious metals, including gold, silver, and platinum. Its research section features technical analysis videos and special reports. The learning center features forex webinars, platform tutorials, and live education. It also offers several trading tools, including MQL5.
The company is a highly reputable broker with over 5 million accounts. With a high advertising budget and a good reputation, it’s no wonder they’re a trusted name for traders. Despite these flaws, the XM Group continues to be a top choice among brokers. This is because they offer a low-cost solution. Whether you’re a novice or an experienced trader, XM has the services you need.
XM is a good choice for beginners as it allows for an unlimited number of accounts. It’s easy to find a demo account and can run it without a time limit. In addition, the company offers a branded debit card that you can use as a normal bank card. This means that you can practice your forex trading skills without paying high fees. Inactivity fees are a minor flaw, but XM charges a fee after 90 days, which makes the platform worth it for beginners.
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Another reason why XM is a good choice for new traders is the generous bonuses and promotions they offer to attract new customers. The XM bonus program offers up to 15% on all deposits made within 24 hours. This bonus isn’t withdrawable, but it does add to the free margin for customer accounts. Furthermore, XM regularly organizes promotions to reward loyal customers. It’s a good sign that the company is reputable, so make sure you sign up for an account with XM.
