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XM Xm is one of the leading forex brokers. It was founded in and is headquartered in Cyprus. As such its one of the few truly global online brokers that legally provides their services to traders from different parts of the globe.
Tradable instruments This online forex broker boasts over different tradable instruments. Investors can choose among 55 plus currency pairs, CFDs, stocks, indices, precious metals, energies, cryptocurrencies and commodities.
Trading platforms supported Xm supports both Metatrader 4 and Metatrader 5 trading platforms. Both platforms are popular among traders and each gives you access to over different instruments to trade. Support for these platforms makes it easy to access your trading account from different internet enabled devices.
These include desktop, IOS and Android devices. Account types This broker offers 5 different account types. This account comes in handy when you want to try out the platform without investing real cash.
There are 4 different cash based accounts to choose from. The first is the micro account which supports over 10 base currency options. No commission is charged on this account while leverage is offered between 1: The second account type is the standard account.
Its features are similar to those of the micro account except the contract size is The third account type is the XM zero account. It only offers three base currency options and contract sizes of The final account type is the Islamic swap free account.
These accounts do not attract rollover interests on overnight positions held. Account funding and earnings withdrawal This broker accepts up to 25 different payment methods. Some of the accepted ways to fund your trading account or withdraw your earnings include credit card, electronic payments like Neteller and wire transfer.
Deposits made via credit or debit card and, electronic means will usually reflect in your account almost instantly up to 24 hours. Withdrawals are usually processes within 24 hours.
If you prefer using bank transfer, your deposit or withdrawal amount will take between 2 and 5 days to reflect in your account.
Additional features offered by Xm Xm regularly runs promotions to attract new traders.
This broker offers their service to traders from over countries. The trading platform supports over 30 different languages making it even more accessible to traders from all over the globe.
Xm boasts as one of the trader friendly brokers. These include personal account managers, access to trading signals, free daily technical analysis and free access to forex market research among others. However, this is common across most forex brokers.
Conclusion Xm is one of the few online forex brokers that have built a reputation for being pro-trader and offering excellent features. Sincethis broker has attracted over 1 million traders from across the globe.
Their free demo account and an additional 4 different account types makes it a good choice for both beginner and experienced traders.In my opinion, Mobile phones have thier PROS and CONS towards students as well as the youth but i think Mobile Phones have made our daily lives become more easy as .
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