XM is an online brokerage company that offers a variety of trading services. Their website is easy to use and they"re regulated by multiple financial regulators. They also offer educational resources to educate their users about the industry. You"ll be able to find a wide range of videos, webinars and articles to help you learn more.
XM accounts come with a number of different options, including commission-free trading, a loyalty program for clients outside of the European Union, and free access to their Virtual Private Server. There are a few limitations, however. For example, if you want to withdraw money from your account, you will have to close all of your open positions before you can withdraw. Also, you may be charged fees for withdrawals. Depending on the type of account you have, the fees may vary.
XM has a minimum deposit of $5. The platform is available in various languages, and a user can set up a digital or physical account. XM does not offer cryptocurrency trading, however.
XM provides a non-expiring demo account. However, the site"s features are not suitable for new traders. XM recommends that you have some experience in the industry before deciding to begin trading. Some of the risks of XM include the potential for high fees and a lack of support. To ensure that you are a safe and secure trader, you"ll need to have a robust trackpad, long battery life, and a reliable monitor.
XM is a member of the Investor Compensation Scheme. This ensures that your account is fully protected in the event that your brokerage firm goes out of business. Similarly, you"ll receive compensation in the case that your account is closed due to a fraud or violation of the regulations.
XM is also regulated by several different financial regulators. Financial regulators are responsible for overseeing financial markets, such as the stock market, to make sure that they are safe and sound for all consumers. By complying with these regulations, you can rest assured that your investments are protected and that you"ll be able to keep them.
XM"s trading platform is also available in a wide range of languages, and you"ll be able to enjoy the benefits of a mobile app. The platform uses SSL (Secure Sockets Layer), so you can rest assured that your personal and financial information is protected. In addition, XM"s trading infrastructure is always monitored by a trained staff.
XM is regulated by two securities commissions, the Cyprus Securities and Exchange Commission and the Australian Securities and Investments Commission. As well as a number of other regulatory bodies, the company is also licensed by the Dubai Financial Services Authority.
XM"s trading platform offers variable spreads. Variable spreads are spreads that are wider than the minimum XM spread. Because XM is regulated by multiple financial regulators, you can rest assured that your funds are in good hands.