You can open an XM account in under 20 minutes. When opening an account, you"ll be asked to provide a phone number, your name, email address, and some financial information. Once you"ve submitted this information, you"ll be able to create a new password.
After you have completed the account opening process, you"ll be given access to the XM website. Depending on which region you live in, there are different account types. Each type has its own set of pricing and contract size. Typically, the standard account is for beginners and the Zero account is for more experienced traders.
When you"re ready to begin trading, you"ll want to deposit a minimum of $5. XM will take a number of payment methods including credit and debit cards, bank wires, and e-wallets. Depending on the method of your choice, you can expect to receive your funds in a matter of days. However, depending on the country where you are withdrawing the money, it may take a longer time. If you"re transferring your money through a credit card, it can take up to five business days.
XM is a trusted broker that accepts customers from around the world. It is regulated by the Australian Securities and Investments Commission and the International Financial Services Commission, among other financial regulatory bodies. In addition, XM is one of the few brokers that offer an Islamic account.
XM has some of the lowest fees in the industry. Withdrawal fees are typically based on the amount withdrawn and can be as low as a few cents. While it"s possible to get a free no-deposit bonus, you won"t qualify for this if you"re already using a XM account.
Whether you"re new to trading or an experienced investor, you"ll be able to get the education and support you need. XM offers a wide range of educational videos that teach you the basics of trading. They cover both technical and fundamental analysis. There are six videos to choose from, each covering a different aspect of trading.
XM also provides customer support in over 25 languages. You can call the company"s hotline or use the live chat option to get help. Customer service is available 24 hours a day, 7 days a week. Besides customer service, XM provides regular newsletters. These are sent to you via email and have an unsubscribe option.
XM allows you to monitor your margin at all times. This means that you"ll know how much of your account is available to trade. XM also has a Negative Balance Protection feature, which will automatically return any profits to you if you lose your account balance.