XM has a great reputation, and their client support is top notch. They have customer service available around the clock, and you can reach them via telephone or live chat. Their customer service team is also available in multiple languages. There are representatives who speak English, Spanish, French, Korean, Japanese, and Indonesian.
XM Forex accounts offer a wide range of benefits, including access to market research, daily technical analysis, and personal account managers. Unlike most forex brokers, you can open an XM Forex account without filling out an application form. The process is fast and easy. You can register and fund your account in less than a minute. Besides, you can enjoy commission free forex fees, a no requotes policy, and real time market information.
When opening an XM account, you can choose from four different types of accounts. These include the Standard, Micro, Zero, and Ultra-Low accounts. Each type of account has its own features and benefits. XM recommends a Standard or a Micro lot account for newcomers. However, if you"re more experienced, you may want to consider an XM Zero account. With an XM Zero account, you can trade with zero spreads, which is unique among forex brokers. Compared to a standard account, the Zero account allows for smaller positions and has spreads that are competitive with the best spreads offered by other brokers.
XM"s Zero Account is a commission-based account that has a relatively low minimum deposit. It is based on a STP/ECN execution model, and the minimum round trip is $7 per standard lot traded. XM"s spreads are typically around 0.6 pips. This is a lower spread than many other brokers, and you can trade with just a 0.1 pip margin, which is a good option for small traders.
XM is a legitimate forex and CFD broker that is regulated by the CySEC of Cyprus and Belize"s IFSC. Its extensive client base includes clients from all over the world. In addition to their forex and CFD trading, XM Group offers a range of other assets, such as stocks, energy products, and precious metals.
XM"s trading conditions are clean, with low spreads and no changes in margin overnight. The company also has a no requotes policy, which means you won"t be able to re-quote your orders. Traders can also benefit from negative balance protection, which ensures they won"t end up in debt to the broker if they run out of funds. Other features, such as the ability to switch currencies, are also offered.