The XM trading app is easy to use and provides all the tools necessary for trading. The platform uses SSL encryption for safety. XM also has a good user interface that allows clients to trade from any location.
XM offers a large selection of assets and a flexible fee structure. Withdrawals can be made using credit cards, PayPal and bank transfers. However, some withdrawal methods may have fees associated with them. In addition, there is a minimum amount of money you can withdraw. If your base currency is not the same as your payment method, you will need to convert it before making a withdrawal.
In addition to offering a full service account, XM offers a free demo account for new traders. This demo account has USD $100,000 in practice cash, which enables traders to try out the tools and functions of the platform.
XM offers a wide range of financial instruments to traders, such as ETF shares and real company stock. These products are traded throughout the day on the stock market. Trades are leveraged, which means the price moves up or down depending on the supply and demand of the underlying asset.
A trade on XM involves the exchange of a stock on a speculative basis. Leverage can vary between 1:30 and 1:1,000, which means a small amount of cash is used to make a large transaction. Trading with ETF shares is similar to trading stocks on the speculative markets, but you don"t own the underlying assets. Some rely on news and economic data, such as the Dow Jones Industrial Average or the S&P 500, to help them make decisions about the market.
The XM trading app is available for both Android and IOS. Using the app, traders can access the broker"s markets and make trades on the go. It is important to note that XM is not regulated in South Africa. For more information, investors can check with their country"s financial regulator.
XM offers a variety of accounts, from a demo account to a fund account. Depending on the type of account, pricing may vary. TD Ameritrade is a popular brokerage with a large selection of tradable assets. TD Ameritrade"s mobile app is a proprietary platform that is designed to attract professionals. While XM is not regulated in South African, it is regulated by two top-tier regulators, the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC).
XM also offers a range of educational resources for traders. XM has an award-winning service that is focused on customer satisfaction. Clients can enjoy a variety of resources, including real-time news and charts, trading tutorials, and video guides.