In this XM Markets review, we will look at several things. These include Account types, Margin call policy, Education rooms, and Mobile apps.
Minimum deposit
XM markets offer several different types of accounts. These vary in terms of the minimum deposit and trading conditions. Some are designed for beginners, while others are aimed at more experienced traders.
XM offers a wide range of trading tools and services regardless of which account you choose. XM provides everything you need to trade effectively, from free forex signals to technical analysis.
XM has more than 1.5 million customers. Customers can receive customer support in a variety of languages. The customer service staff are fluent in English, Korean, Japanese, and Bahasa Indonesia.
Traders have the option of choosing from four different live trading accounts. All of them come with excellent trading conditions and features.
XM’s standard account is one of the top choices. It comes with unlimited access to MT4. You can also open a demo account for free. If you are new to trading, you can start with this type of account and practice your skills before deciding to invest real money.
Account types
XM offers a range of account types to meet the needs of all kinds of traders. These accounts allow traders to use micro lots and are also available to commission free. The account types also offer free intra-day market updates.
XM is an international broker that various regulatory bodies, including the Australian Securities and Investments Commission, the International Financial Services Commission of Belize, and the Cyprus Securities and Exchange Commission, have regulated. Its customer service is excellent, and its trading platform is professional.
Traders can choose between three main types of accounts: Micro, Standard, and Ultra Low. All three are commission free. However, the spreads vary by type of account.
Micro Account: This account is ideal for cent trading. It allows users to trade in EUR, USD, and JPY. Deposits can be as low as $5. Leverage is up to 1:888. Traders can open 300 simultaneous positions.
Mobile apps
One of the most impressive features of the XM mobile apps is that you can place and monitor trades from any location, anytime. This is especially useful for new and less experienced traders.
XM offers MetaTrader 5 and MT4 software for Android and iOS. Their branded mobile app also provides a full suite of features. For example, you can place orders and check your balance and history on the go. In addition to mobile apps, you can also use a WebTrader or a browser-based XM platform.
The company’s customer support is quite impressive, too. You can contact a representative over the phone, by email, or in real-time via live chat. Most importantly, XM provides multilingual support in more than 25 languages.
XM has also put a lot of effort into providing an extensive Research and Education center. In addition, they have a comprehensive Market Preview page that updates daily on significant trading sessions. It’s also a good idea to check out their Market News section, which is packed with stock market-related news.
Education rooms
Education is one of the most important aspects of a good trading strategy. The XM Group has a plethora of resources available to its users. Its Research and Education department boasts twenty multilingual market professionals who are on hand to help users make informed decisions.
XM has a large selection of free and paid webinars aimed at all skill levels. A recent addition to the XM suite of educational offerings is a live discussion room that provides traders and brokers a forum to discuss topics in real time. Another great feature is its daily market previews that give traders a glimpse of what the future might hold for various markets.
XM has several other educational tools at its disposal, including an economic calendar that outlines major economic releases in real-time and MQL5 Trading Signals, a proprietary forex trading system. Other notable items include a comprehensive list of all tradable assets, an economic calendar, and a collection of stock market news.
Margin call policy
The Margin call policy at XM markets is designed to protect customers. This is achieved by setting a stop-out level of 20%. If this is not met, all positions are liquidated.
XM is a global broker with over 2.5 million clients in 196 countries. It offers forex, CFDs, stocks, and futures. CySec regulates XM in Cyprus and IFSC in Belize.
The XM site has an educational center that provides information on trading, technical analysis, and market news. It also offers webinars and educational videos. There is also a range of Analysis Videos that feature industry experts.
XM is a highly reputable and well-respected brokerage that strives to meet customer needs. The company keeps up with the latest technological advancements.
XM offers margin calculators to allow clients to understand their margin requirements. The broker will notify the client when their Margin Level falls below a certain percentage.