XM offers three types of accounts: the Micro Account, the Standard Account, and the Zero Account. These differ in terms of pricing, contract size, and base currencies. There is also a bonus available to new traders. For instance, if you deposit $500, you will be given a 20% bonus that is credited to your trading account. It is not withdrawable, though.
XM has an online customer support service that is available around the clock. The staff is trained to speak your language. They are also very responsive and you will be able to get your questions answered quickly. Unlike some other brokers, XM has a low minimum deposit requirement. If you are not sure what type of account is best for you, the XM team will be able to help you choose one.
XM is regulated in various countries. Some of the major jurisdictions include the IFSC (International Financial Services Commission) in Belize, the ASIC (Australian Securities and Investment Commission) in Australia, the FCA (Financial Conduct Authority) in the UK, and the CySEC (Cyprus Securities Exchange Commission) in Europe. All of these regulating bodies are well-known and respected.
To register, you need to provide a valid email address. You can use your existing email or create a new one. When you register, you must agree to the XM terms and conditions, and agree to the additional policies. At this point, you will be asked to select a password for your account.
Before you can make your first deposit, you need to verify your identity. XM requires you to submit a proof of address statement. This must be dated within three months. Alternatively, you can submit a utility bill such as electricity or gas. During the verification process, you will be asked to fill out some standard questionnaires.
After you complete the XM registration process, you will be able to open a real account. During this process, you will be required to submit an ID copy. Once you are verified, you will be able to deposit funds. However, you can only open up to eight live trading accounts.
XM is one of the most reputable and reliable brokers in the market. Whether you are just starting out or you have been in the market for a while, you can be assured of top-notch quality. XM also runs frequent seminars in many different regions to teach investors about the market.
In addition to being a reliable and safe broker, XM offers a variety of bonuses to new traders. This is a great opportunity to start trading without risking any of your own money. You can also get a $35 bonus for every friend who signs up and deposits.
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