Before opening an account with XM, you"ll need to provide some basic information. For example, you"ll need to provide an email address and a phone number. Additionally, you"ll need to provide a valid passport and official identification documents. Once your account is set up, you"ll be able to trade and withdraw funds. You"ll also have access to the educational materials and demo account.
XM has several different types of accounts to choose from. In order to open a standard account, you"ll need to make a minimum deposit of at least $100. This amount will be credited to your account. The balance will be updated in real time.
XM provides you with a demo account for free so that you can try out the platform. After you"ve deposited a few dollars, you can switch to a live account and start trading. However, you won"t be able to withdraw any of the money until you have verified your identity. Luckily, the process is relatively simple.
If you have any trouble with the login process, you can contact customer support for assistance. XM"s support team is available in more than 25 languages. They offer a live chat option to answer questions, help solve withdrawal problems, and more. A personal account manager will also be able to help you.
XM is a broker that has a wide array of trading options and is dedicated to protecting client data. Their websites use encryption technology to protect your information and have organizational procedures in place to ensure data security.
When you open an account with XM, you"ll be able to select from four different account types. These include XM Standard Accounts, XM Micro Accounts, XM Zero Accounts, and XM Islamic Accounts. Each type has a unique set of trading conditions and features.
XM is a regulated broker with a CySEC license. Moreover, XM has won more than 30 industry awards. With its low FX fees and a range of flexible trading conditions, XM is an attractive option for new traders.
XM offers a mobile app that is compatible with Android and iOS devices. The app lets you trade on the go, and includes many useful features. However, the XM mobile platform does not offer a two-step authentication feature, meaning that you"ll have to enter your username and password for each device you want to log in to. Also, the XM app is lacking a Touch/Face ID login, which would be an added security feature.
XM has been in business since 2009, and has executed over two and a half billion trades without a single rejection. Moreover, XM offers a wide range of CFDs, equity indices, precious metals, and currencies.