In order to open an account, users must fill out a form with their personal information, as well as their MetaTrader 4/MT5 login credentials. Users can then submit an application to open a forex account. They are then required to provide details about their trading platform, leverage, and currency. Once the account is approved, a customer can then add money using an electronic payment gateway, local bank transfer services, or a credit card.
For trading forex, XM uses the MetaTrader 4 and MetaTrader 5 trading platforms. Both of these applications are available for desktops, mobile devices, and tablets. You can download them from the Apple App Store or Google Play. There is a minimum trade volume of 0.1 lots for MT4. Alternatively, you can opt for MT4 Multiterminal, which allows you to handle up to 128 MT4 accounts.
XM allows you to make transactions on your smartphone or tablet. It offers iOS and Android versions of the MetaTrader 4 and MetaTrader 5 apps. XM clients can also take advantage of the River Indicator, ADX and PSAR Indicator. The company also has a virtual private server service. This allows you to access your account anywhere, anytime.
XM has a number of features that increase the speed of your trades. For example, it offers real-time market updates and the ability to place orders any time during the day. Furthermore, the platform is available in multiple languages. XM has a live chat service that is available in English, French, German, Portuguese, Russian, Spanish, and Italian. Customers can also get support from a personal account manager, which can assist them with technical questions.
XM offers a demo account, which is a good way to learn the ins and outs of the market. If you choose to open a real account, you can access all of XM"s educational materials and videos. These include an introduction to the financial markets, trading psychology, and trading strategies.
XM"s trading platforms are accessible to users in a variety of countries. In addition to forex, the company brokers CFDs, precious metals, and equity indices. Aside from these, XM offers a wide array of algorithmic trading tools and indicators. XM is a registered member of the Financial Conduct Authority (FCA), as well as the Cypriot Securities and Exchange Commission and the Australian Securities and Investments Commission.
XM is also known for its excellent customer service. The company has customer service representatives available around the clock, and its support is available in numerous languages. Clients can contact them through a variety of methods, including live chat, telephone, and email. However, the company does not offer customer service during weekends and holidays.
XM does not broker futures or binary options. Despite these limitations, it has a reputation for high-quality content and superior technical tools.