XM DETAILS

XM

XM is a fairly recent broker on the market, launched in 2010 in Cyprus it offers numerous advantages including the surety of being regulated by the Banque de France, CySec and the MiFID. You can trade a variety of assets through XM including currencies, commodities and even stock indices.

 

XM more details

  • Means of Payment: Bank transfer, credit cards, Moneybookers (Skrill) and Netellers.
  • Year of creation: 2010
  • Minimum deposit: 5$
  • Regulated by: Cysec, MIFID

Advantages

  • Minimum deposit of $5
  • Tight spreads
  • Free demonstration account
  • Numerous approvals and authorisations
  • Assistance in several languages 24/24 and 7/7.

Disadvantages

  • Few training modules

General Characteristics

Truly accessible to all with a minimum deposit of only $5, XM offers numerous advantages including a leverage effect of up to 1:888 plus hedging. You have the opportunity to speculate on no less than 53 currency pairs.

Apprenticeship and Training

XM did not want to leave beginner traders without any real accompaniment during their first steps on the Forex and therefore offers those who need it various online webinars to learn the basics of speculating on the foreign exchange market. They are accessible through a simple registration. Also, a free demonstration account is available for beginner traders so they can learn trading in real market conditions.

 

Tools and support available

Customer and technical support is directly accessible on the XM website in several languages with a live chat, telephone and email support. This broker also offers various online tools for your assistance including technical analyses and quality daily signals.

 

The  «extra»  of XM

One of the particularities of the XM broker concerns the competitions organised among the platform traders. In the form of a poker tournament, these competitions are regularly organised enabling participants who have bought a ticket to make even more money. Once a trader has bought a ticket they can access an interface that displays the performance of other players in real time.  The best traders win lots in the form of financial incentives that they can withdraw or add to their existing trading capital.

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