Opening an XM account requires you to provide information about your identity and your residency. Once you"ve verified your identity, you"ll be prompted to enter your financial information. Then you"ll be able to choose an account type and a withdrawal method. You"ll also be able to set your account to one of 23 languages.
You"ll be able to withdraw money from your XM account within 24 hours. Withdrawals can be done using the Members Area. However, non-electronic methods can take up to five business days. A member of XM"s support team can also give you more information.
To set up your account, you"ll need to input your name, email, and telephone number. After entering the details, you"ll be asked to answer a series of questions about your knowledge of finance. In some cases, you may need to create a new password.
If you"re new to XM, you can use their demo account. They offer a full-featured app for both iOS and Android devices. This app will provide you with market insights and the latest financial news. Moreover, you can manage your account and make trades through your smartphone. XM"s service is easy to use and offers a variety of flexible options for traders.
XM is regulated by the Financial Services Commission of Belize and the International Financial Services Commission. XM"s products and services are also subject to the ESMA ban on contests. XM also offers a 30-day trading bonus to new accounts.
Opening an XM demo account is a fast and easy process. Just click the link on the provider"s website. Afterward, you"ll be prompted to download the demo account trading platform. During the process, you"ll receive an email with your MT4/MT5 ID. When you log in, you"ll be able to use this information to access your XM account.
In addition to their demo accounts, XM also offers a variety of live accounts. These are available on a variety of servers. Although you can choose your favorite server, you can"t change your base currency. Therefore, you"ll have to be sure that you"re comfortable with the currency of your choice.
XM also offers a variety of other services. The XM mobile app, for example, provides real-time quotes and charts. Moreover, XM"s website is a secure environment, with encryption technology. Besides, you can get a wide variety of account types, including virtual accounts and CFD accounts.
Unlike other regulated brokers, XM is not limited to just one type of account. You can choose from different trading platforms and types of instruments. In fact, you"ll have access to dozens of servers.