XM offers a wide variety of payment methods to allow you to trade. This includes credit cards, e-wallets, and bank wire transfers. The minimum deposit required depends on the type of account you choose. If you have a Micro Account, you can invest as little as $5. Depending on the global entity you choose, you can also enjoy commission free Standard and Micro accounts.
If you are not sure how to start trading, you can take advantage of the XM Live Education service. This offers weekly webinars on a wide range of topics. These sessions provide high quality, in-depth market recaps and analysis. Traders can also join Q&A sessions with expert instructors in their native languages.
Traders should consider their level of experience and risk tolerance before deciding whether or not to trade with XM. They also need to read the full Risk Disclosure for more information. In addition, traders should consult an independent financial adviser before investing their money.
The XM app has a wide range of features, including advanced charts and market insights. It can be downloaded on your Apple or Android device. There are also 90 indicators and more than 500 CFD instruments available for you to use. Additionally, you can set up your own trading strategies with the help of educational videos.
XM"s service is also available in more than 25 languages. Customer support representatives can be reached via live chat or by email. Whether you need assistance with a new trading strategy, or you are experiencing trouble with your account, a representative will be able to help you out.
XM is a licensed and regulated company. All of its services are operated under a number of regulatory bodies, including the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA), and the Australian Securities & Investments Commission (ASIC). While these agencies have strict compliance policies, XM does not imply that their products or services are suitable for individuals in all jurisdictions.
For security purposes, XM requires a certain amount of proof of residence before allowing a customer to open an account. To ensure that customers" funds are secured, XM stores funds at Tier 1 banks. XM also offers a local bank transfer option, which allows clients to fund their accounts without incurring conversion fees.
XM"s website is easy to navigate and includes multi-factor authentication technology, ensuring that your data is protected. However, it is important that users keep in mind the laws in their jurisdictions. Aside from the legal issues involved, it is important to be aware that XM is not a publicly traded company.
XM has a strong focus on user education. Its research team is one of the most reputable in the world, and its educational materials offer traders a complete package. Users can filter their materials by asset classes, and learn the latest trends and news in financial markets.