This Broker is another leader in the world’s largest foreign exchange market, XM allows you to invest in real time with currencies, stock indices, CFDs and commodities. This Broker has the particularity of having the prestige of Trading Point of Financial Instruments Ltd.
This Broker is regulated as follows: XM UK is authorised and regulated by the Financial Conduct Authority under reference number 705428, XM Australia is licensed by the Australian Securities and Investment Commission under reference number 443670, XM Global is regulated by the IFSC (60/354/TS/17) and XM Cyprus is regulated by the Cyprus Securities and Exchange Commission under licence number 120/10 so it is totally safe to make financial investments.
Contenidos del post:
XM is one of the best brokers to invest in Forex
XM offers to its clients like many other Brokers the MetaTrader 4 platform and has the execution of quick orders without requotes, another factor that must be taken into account when opening an account in this Broker is that this platform has a good number of users and currently has more than one million clients and this is a good figure to consider that is an excellent Broker for every person who trades in it.
Once you know how to operate in this Broker you can proceed to open the account with real money, once the account is opened you can be sure of having a reliable trading experience to carry out a policy which does not include requotes or rejections, according to this platform its business model is based on a firm conviction in the executions that are carried out in Forex.
When a Trader executes a trade 99% of trading orders are executed in less than a second and as already explained these come without requotes and rejections, another advantage that traders who trade with this Broker have is that the funds of their trades are insured up to 20,000 euros by the Investment Compensation Fund and all clients of the platform benefit from the Protection Against Negative Balance, so you never have the risk of losing large amounts of balance in your account.
The management that forms this Broker has been present in more than one hundred and twenty cities around the world connecting with its clients and associates to have a close interaction with the people who use its trading platform to perform financial operations in Forex, among the recognitions that this company has should be highlighted the one granted by the organization of the United Kingdom Investors People in which XM is recognized for its efforts to develop the potential of the clients through the various courses and seminars that have been held in different countries of the world teaching people to make the best trading decisions.
Why use XM to trade Forex?
As a solid company with a good track record, it fosters the financial and personal development of each of its clients. Its trading platform adapts to a wide variety of clients, allowing them to improve more and more as Forex investors. XM assures the Trader’s full satisfaction both for the training that this Broker provides and for the results that can be obtained from the operations carried out on his platform, always protecting the account balance of his investors.
How to register in the XM Broker?
To open an account you have to go to the main page from here, once there you have to do the following:
- Press the OPEN REAL ACCOUNT button at the top right of the screen. Then proceed to fill out the form to register our account.
- Once the form is completed you should press the Advance button in the second step and the second part of the form will come out, this part is called Trading Account Data. Here you will indicate the type of account you want to open, the amount that will be made in the first investment, the maximum leverage level that you want to use and the currency that will be used as a base, most people choose the dollar.
- Once the previous steps have been completed, the terms and conditions of the service provided by the Broker must be accepted and the button Open Live Account must be clicked.
Types of accounts offered by XM
First of all keep in mind that if you are a resident of a European Union country by ESMA measures the maximum leverage for any Broker you use is 1:30, in this case 1:30 for the main Forex pairs, 1:20 for the main indices such as gold and silver together with the minor Forex pairs, 1:10 for minor indices, commodities and exotic Forex pairs, 1:5 for stocks and 1:2 for crypto currencies.
The account types offered by this Broker are the following:
- Micro Account: This account is ideal for people who are just starting to trade Forex, you can open trades from 0.01 lots, has a leverage of 1:1 to 1:888 for amounts ranging from $5 to $20,000, 1:1 to 1:200 for amounts from $20,001 to $100,000 and 1:1 to 1:100 for amounts exceeding $100,001, the minimum
deposit for this account is $5. They can be used with the following currencies as a base: “USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR”.
- Standard Account: This other account is ideal for people who already have experience trading Forex, you can open trades from 0.01 lots, this account provides a leverage of 1:1 to 1:888 for amounts ranging from $5 to $20,000, 1:1 to 1:200 for amounts from $20,001 to $100,000 and 1:1 to 1:100 for amounts exceeding $100,001, the minimum deposit for this account is $5. They can be used with the following currencies as a base: “USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR”.
- Zero XM Account: This account is for professional traders who have extensive experience trading Forex can open trades from 0.1 lots, this account provides a leverage of 1:1 to 1:500 for amounts ranging from $100 to $20,000, 1:1 to 1:200 for amounts from $20,001 to $100,000 and 1:1 to 1:100 for amounts exceeding $100,001, the minimum deposit for this account is $100. They can be used with the following currencies as a base: “USD, EUR, JPY” (This account is no longer available for new Traders, but don’t worry because XM has a new type of account with better features called Ultra Low).
How to make money deposits in the XM Broker?
To make a deposit in this Broker is something very simple simply you must follow the following steps:
- Once you enter the Broker’s main page you must click on the “ACCESS TO USERS” button, then you must enter the account number and password that you received in the e-mail you provided, after entering these data you must click on the “Access”
- Once we are inside the “User Area” for the first time what must be done is to validate the account, to validate this must send a scan of the passport, country identity document or driver’s license, in addition must attach a proof of residence is can be a receipt of a service or an official letter of residence. The documents must be selected by pressing the “Browse” button and after selecting them you must choose the option “Upload your Documents” and the validation can take between one to twenty-four hours.
- Once the account has been validated, you must access the user area again and press the “Deposit Funds” button and then the payment methods available to make the deposit in XM will appear, among the deposit options you have are: credit cards, debit cards, bank transfer, neteller, skrill, paysafe card, local banks, moneygram, western union, sofort, webmoney.
- It is necessary to choose the most convenient way to make the deposit in the account, the one that more is recommended is with credit card because the credit in the account is to the instant and it is possible to begin to invest at once.
How to withdraw money from the XM Broker?
Withdrawing money from this Broker is very simple. Here are the steps to do it:
- The “User Area” must be accessed on the XM platform.
- Then click on the option “Withdraw”. and the available options will be presented which are: Credit or debit card, neteller, skrill, bank transfer, local bank and webmoney.
- Once you have selected the amount and the platform that will be used for the withdrawal, click on the “Request”