Opening an account at XM is a simple process. During the application process, users must provide personal details and fund their account. Upon registration, a client receives a login ID and password, which will be used to access the platform. The MetaTrader 4 and MetaTrader 5 platforms are available for PC, Mac, iPad, and Android devices. XM also offers a demo account, which allows traders to practice trading while using virtual funds.
Before opening a real trading account with XM, clients should visit the company"s members area and sign up for email updates. They can also use their phone to contact XM"s customer service team. This can be done through live chat or by calling XM"s phone number. Whether it"s an issue with a deposit or a withdrawal, XM"s customer support is there to help.
After completing the application process, a client can choose their preferred trading platform. Traders who are new to the industry can open a demo account to get a feel for the trading platform. There is no set time limit on this type of account. Once the demo account is approved, it can be opened for real. In fact, XM encourages clients to set up a demo account.
If a client is still unsure about how to use the trading platform, he or she can visit the Advanced Education Room. The AE room provides an interactive experience that helps clients learn charting and technical analysis techniques. As of the date of this article, the AE room has over 750 students registered to join.
In addition to the demo account, XM also offers a wide variety of educational materials. These include videos and tutorials for various trading platforms. Additionally, XM clients can apply for up to five demo accounts. Each demo account is credited with a virtual balance of $100,000.
Once an XM account is created, a trader is able to customize the account to his or her own preferences. XM also provides clients with free intra-day market updates. Users can select the leverage size they want, as well as select a currency pair. XM"s websites feature multi-factor authentication to prevent hacking. XM"s websites are also encrypted, ensuring that data is safe.
XM is a regulated brokerage. XM is compliant with ESMA"s ban on bonuses and contests. XM"s withdrawal process is fast and efficient, with a 24-hour turnaround on withdrawals. However, some methods may take up to five business days to process. Traders who are not able to make a withdrawal can contact XM"s customer support.
XM is one of the first brokers to offer a high-quality MT4 platform. XM is a leading provider of FX and other trading services and has been awarded more than 30 industry awards.