Before depositing with an XM broker, you should know the minimum deposit amount. You can deposit as low as $5 if you’re starting, but you can deposit more for more opportunities. XM offers a demo account and has a strict ‘no hidden fees policy.
XM requires a minimum deposit of $5
XM requires a minimum deposit of just $5 to open an account. It also offers commission-free trading and over 1,000 financial instruments. Forex pairs, CFDs on indices, stocks, metals, and energies. Besides the low minimum deposit requirement, XM also offers a variety of educational tools to help you learn how to trade in the currency market.
The minimum deposit required for a Micro Account is $5. There are also two other account types – Standard and Ultra Low. If you are a beginner, XM’s Ultra Low Account offers low spreads from as low as $50. You can also take advantage of XM’s high leverage – up to 1000:1 – for deposits between $5 and $20k. If you can afford to spend more, you can increase your leverage to 100:1 on deposits over $100k. In addition, XM does not charge commissions or fees on withdrawals.
XM offers a demo account.
While other brokerages may limit you to using their demo accounts for a maximum of 30 days, XM allows you to use theirs for an unlimited time. This allows you to test the trading platform before you leap to a live account. However, the demo account will close automatically after 120 days of inactivity.
You can open an account by clicking the ‘Open Demo Account’ button on the XM website. You will then be prompted to enter your name, email, and mobile phone number. You will also need to select your preferred language. After this, you can customize your account to fit your specific preferences. For example, you can choose which platform to trade on and which currency to use as your base currency.
XM offers a two-tier bonus on deposits.
XM is a large brokerage firm that offers access to various financial markets. It has a great loyalty program and regularly runs seasonal promotions. Its two-tier bonus can give you as much as $ 5,000 in additional bonus money. This can be an ous bonus if you are lwantncrease your initial capital. This is a great way to get more profit without increasing the risk you take with your trading.
A new or existing customer can claim the XM two-tier bonus if they have made a qualifying deposit. It is available for both Standard and Micro Accounts. Once you have signed up, choose a payment method and deposit at least $5. You will receive a 20% bonus on your deposited funds.
XM is a well-known broker in the forex market that focuses on the needs of its clients. It offers competitive conditions and comprehensive services to attract global traders. Numerous industry awards and global recognition have enhanced its reputation. Moreover, XM is entirely safe and secure to trade with. Top financial authorities regulate it so its customers are assured of the security of their funds.
XM’s educational system provides the correct information to help traders make wise trading decisions. In addition, it offers Forex Webinars and regularly holds Forex Seminars across different destinations. It also provides well-organized tutorials, videos, tools, and research materials. Its educational material consists of technical and fundamental analysis.
XM offers a range of account currencies.
XM broker offers several deposit and withdrawal options to suit various needs. Its global coverage and modern payment methods include bank transfers, credit/debit cards, and Neteller. XM covers all fees associated with these methods, and its clients can use any of them to deposit money into their accounts. In addition, there are no transaction fees or minimum deposits for any of these options, and clients can choose any of them depending on their preferences.
XM has a range of account currencies to choose from. Its clients can invest in more than 55 currency pairs, and it provides trading in over 300 financial instruments. Its trading platforms are known for offering tight spreads, with zero account requirements and zero commission. Its traders can deposit as little as $5 and have access to a Virtual Private Server, which provides high-speed internet access and a wealth of educational resources. In addition to a comprehensive library of educational resources, XM offers videos and technical analysis. In addition, there is a learning center that hosts webinars and seminars.
XM offers a free VPS service.
If you’ve been wondering how to get an accessible VPS server for your forex trading, XM has a solution. The company offers a free VPS service for clients with a minimum balance of five standard lots or 5,000 USD in trading funds. You can sign up for this service by signing in to your account and following the registration process. The service is also available for a monthly fee of 28 USD.
The technical support is excellent. They have a full-time support team available to help you with any problems. This means that you’ll never have to wait for hours on end to get help. If you encounter an issue, you can call a live representative, and they’ll be there within minutes to help you.