XMTrading provides customers with a diverse range of account types. Each type of account can provide users with a variety of benefits, including the ability to trade micro lots. In addition to standard lot sizes, each account type comes with access to Expert Advisors, and free intra-day market updates. This enables traders to control risk in real time.
There are three types of XM accounts. These include the Micro Account, the Standard Account, and the Zero Account. All of these accounts have a minimum deposit of $5, although many brokers require higher deposits for the lower account tiers. Also, a dormant account fee of $15 will apply after 12 months of inactivity. The Micro account has a minimum trading volume of 100 units, while the Standard account has a minimum of 1,000.
XM"s customer support desk is available on a 24-hour basis. They are staffed in various languages, including English, Spanish, and Greek. You can also contact the XM customer support staff by phone, email, or live chat.
XM provides an online trading terminal to its clients. You can use the platform to execute trades, or you can also use it to monitor your positions and margin. If you choose to use the demo account, you can practice your skills and learn new strategies before you begin trading. You can also sign up for a trading contest, where you can win monetary prizes. A trading advisor is also available to help you develop your trading strategies.
In addition to trading services, XMTrading also offers a number of promotions. Some of these include a $30 no-deposit bonus, which is meant to introduce new traders to the broker and its offerings. However, this bonus is not withdrawable.
Traders can enjoy a wide variety of leverage options, from 1:100 to 1:888. Traders can also choose from a variety of currency conversion fees. Unlike most retail brokerages, XM"s rates are more competitive. Moreover, XM allows you to choose the currency you want to trade in. Additionally, XM will process withdrawal requests within 24 hours. Moreover, it accepts a variety of payment methods, including Visa/MasterCard, Skrill, and Neteller.
Traders can also participate in XM"s loyalty program. During special occasions, the company will offer exclusive bonuses. Specifically, XM will give a 20% deposit bonus on deposits of $2000 or more. For clients who make a VPS purchase, XM will also provide a free VPS.
XM is regulated by the CySEC and has a license from the Australian Securities and Investment Commission (ASIC). It"s also authorized by the International Financial Services Commission (IFSC). The broker"s financial statements are reviewed regularly by the regulator, and its capital is maintained in accordance with the laws of the country in which it operates.