A Review of XM Securities
XM is an industry leader with over 2.5 million clients in 196 countries. Its expertise comes from its extensive experience in the global financial markets. The company"s philosophy is to earn the trust and loyalty of its clients. This is achieved through superior service and superior execution.
XM offers four different types of accounts, including Standard, Micro, Shares and Zero accounts. Each account has unique features and benefits. For example, the Micro Account has negative balance protection, which ensures the maximum possible risk is never surpassed by the account balance.
The XM app is available for download from the Apple App Store and the Google Play Store. Clients can trade from anywhere, at any time. Traders can access 90+ indicators and more than 1000 CFD instruments, which provide real-time market insights. Using the app, users can place orders and manage their accounts. Besides, XM provides daily updates on the major trading sessions.
XM provides its clients with a free virtual private server service that helps them trade faster and more efficiently. Moreover, the brokerage also offers fee-free deposits and withdrawals. Furthermore, a margin call policy is in place to alert account holders when the maximum possible risk is reaching the account balance.
XM offers a wide range of accounts, allowing clients to choose between leverages of a few hundred to a few thousand. Traders can also trade in seven different asset classes, including forex, commodities, precious metals, shares and indices.
Traders can open a demo account with XM. To do so, clients need to register an email address. After that, they must send identification documents to the company. Once they have an account, they can start trading. They can also contact the Customer Care Company if they have any questions.
XM has developed a reputation for providing superior services, offering a wide range of markets and flexible trading conditions. However, traders can find some limitations in this broker. Many brokers restrict their trading during certain times, such as around major news announcements. Some brokers also charge extra fees for using swaps.
In addition to the trading tools offered by XM, the broker provides daily market updates and economic calendar. Clients can monitor their accounts and their positions with the assistance of a Personal Account Manager. Moreover, XM hosts seminars and other educational events to offer traders a better understanding of the markets.
XM has built its success on a strong foundation of X-data. Its operations are designed to constantly capture and analyze data to better understand its customers" needs. This data can be used to design new initiatives and solve more complicated issues.