Choosing an XM Trading Account
The Micro Account is an XM account type that is particularly popular with beginners. It is characterized by its minimum deposit, which is relatively low. With a Micro account, you can trade with lots of 1,000 units, or micro-lots. This is ideal for the first time trader.
The standard account is a popular choice among experienced traders. It offers all of the features that a trader would want in a broker, including access to the MetaTrader platforms. For instance, the platform includes over 30 indicators as standard. You can also access expert advisors.
In addition to these features, you can also access market research. XM also offers a demo account. This is a virtual account that lets you practice using its platforms and features without risk. Using the demo account, you can test out the market moves and place orders. While this may not be the best way to learn how to control your emotions, it does give you a chance to try out a new strategy.
When choosing an XM trading account, you should pay attention to the trading platforms you"ll be using. Among the most popular are the MetaTrader 4 and the MetaTrader 5. These platforms offer a wide variety of features, including powerful software tools. You can choose from a variety of features, such as the one-click trading function, which lets you select indicators and build a portfolio of positions.
XM has been in business since 2009. Currently, there are over 2.7 million account holders around the world. The company is licensed in three jurisdictions. It is regulated by the CySEC and the Australian Securities and Investments Commission, which provides protection for its customers. Moreover, XM Global has a separate bank account for its clients" funds. Traders can deposit and withdraw funds with a variety of methods, including wire transfers and credit cards.
XM has been recognized for its customer service, as well as its technology. There are a number of awards that XM has received for its FX services and market research.
One of the most unique aspects of a XM trading account is that the platform can be used to trade in different currencies. You can deposit and withdraw in any currency that you like. In order to do so, you need to provide personal information, as well as answer some financial questions. Once you"ve finished the initial set-up process, you can begin trading with your new account.
Unlike some brokers, XM does not charge a deposit or transaction fee. Traders can deposit money through a variety of methods, from Moneybookers to Western Union. Clients can also use e-wallets for their deposits.