XM"s smallest minimum is just $5. In addition to the lowest possible minimum deposit, XM offers many other benefits. For example, XM provides a free trading platform for beginners to learn how to trade, and there are also educational materials available.
XM has made an effort to make the process of transferring money into a new account as easy as possible. Whether you use a credit or debit card, or another form of electronic payment, XM can make the transaction happen in a matter of minutes. However, if you prefer a more traditional method of depositing, you may be able to transfer funds into your XM account with a local bank transfer.
XM is a major player in the online brokerage industry. They are a serious market maker and have won numerous international awards for their products and services. It is no wonder that the company has become one of the most trusted names in the business. And, while they are known for their trading platforms and market forecasts, they are equally adept when it comes to delivering professional customer service. Besides a plethora of payment options, XM has a number of perks to offer its clients, like free daily market analysis.
XM has no qualms about claiming to be the best in the business. Their list of advantages includes the fact that they provide a full suite of financial and trading tools, including forex, stocks, commodities, and metals. That"s not to mention the support that XM has for leading trading platforms, such as MetaTrader. Moreover, the group is regulated by both ASIC and IFSC, so you can be sure that your funds are in good hands.
One of the best features of XM is their withdrawal options. Withdrawals can be processed in as little as 24 hours. XM offers several ways to get your money out of your account, and even a zero spread account that starts at zero pips. These include bank wire transfers, e-wallets, and other methods.
As a result of the number of different deposit and withdrawal methods that XM supports, the best approach is to determine which will be most convenient for you. This is important, since some deposits or withdrawals might not be available in your country. Also, some countries might have additional requirements.
Using a credit or debit card is the fastest way to make a deposit at XM. However, you will need to make sure that you have entered the correct card details. Otherwise, you might be charged a fee by the bank for using a non-valid card. Other options include e-wallets, which might take a few extra days to process.
XM is a great broker, and if you haven"t tried them out yet, you should give it a shot. The XM Micro account is a particularly popular option. Although a micro account has a $5 minimum, you can trade in micro lots at competitive rates.