XM Forex Review
XM Forex offers traders a wide range of trading assets and the ability to make big profits. While they don’t charge a commission, they do charge a spread, and spreads can vary depending on the type of account you open. The commission-free Micro and Standard accounts have high spreads, but the XM Zero account is much more competitive. Besides the low spreads, a key benefit of XM Forex is that the leverage is high – you can use up to 30:1! In addition, XM does not change margin requirements even during the night or weekend. Withdrawals are free, and most are completed in less than 24 hours.
XM uses a standard safety protocol to protect investor funds. Client money is segregated from the company’s own funds. It gets transferred into separate client bank accounts. This means that if a broker goes bankrupt, your money is not at risk. Furthermore, XM only trades with big banks that have good industry reputations. This makes it very safe for investors and makes it an easy choice for many people.
XM follows a series of protocols to protect investors’ money. All client funds are placed in a separate account at reputable banks. The client’s funds are never placed on the company’s balance sheets, so they are not susceptible to the company’s failure. XM also uses proprietary technical indicators that allow algorithmic trading. And all of this is free to clients. But if you’re new to trading and want to learn more about forex, XM might be the best option for you.
XM’s customer support is excellent, and its support staff is available twenty-four hours a day, Monday through Friday. You can ask them any questions you might have about their trading platform or about the overall process of launching a trade. The customer support team can be reached via email, phone or live chat. And the service’s representatives speak 20 languages! This makes it even easier to make trades with XM.
XM follows strict rules to protect investor funds. They segregate the funds of each client into a separate bank account. This is beneficial to the clients since they can withdraw their profits anytime they want. And if you’re a newbie, XM’s zero-fee withdrawal policy is an additional perk. Aside from having zero fees, XM is also very competitive in fees. If you’re a beginner, XM might be the right choice for you.
XM accepts clients from all countries, including the U.S., but they’re not open to U.S. residents. Those wishing to sign up should provide proof of their national identity. XM does not charge a fee for opening an account, and its withdrawal policies are more flexible. You can open an account with just five dollars. It also supports webinars, research materials, and has a variety of currency pairs.
