XM Forex Broker is among the largest Forex traders in the world, and has been in operation for about 10 years now. This platform was found in the year 2009 in London, and it has grown rapidly to become a popular platform among online traders.
Its fast growth is attributed to the many benefits the online trading company has been offering its clients. Below are the 9 benefits of online trading with XM Forex Broker.
1. Personal account managers
Every XM Forex trader has a personal account manager who works with the account holder. The manager guides and assists the client in making good use of the available resources on the website to increase earning.
The dedicated personal account manager will answer your questions and assist you with all inquiries. These managers are very important especially in helping beginners.
2. Forex educational materials and research tools
Forex trading requires in-depth knowledge and a lot of practice. XM broker understands this, that is why it offers forex educational materials to its clients. There is free access to unlimited video tutorials and daily forex webinars on its website.
Besides, it offers access to free manual forex trading signals, market research, daily forex technical analysis, and market outlook. There are also calculating tools to help traders in conducting their forex research.
3. Offers several platforms
XM forex trading offers up to 3 platforms to trade from. You can choose either WebTrader, MT4, or MT5 which work seamlessly on your PC or MAC, smartphones and tablets. Besides it works on devices that use both Android and iOS operating software.
If you don’t use the devices mentioned above, there is the XM WebTrader option that you could operate from your browser.
4. 24/5 Hour customer service
The website has very responsive customer service. It provides customer care services in at least 18 languages. The customer care staff are native speakers and work 24/5 to ensure they attend to every client’s needs in the shortest time.
With the multiple languages, it becomes easy for almost every client whether a rookie or experienced trader to make inquiries and get help. Customers can get in touch with the customer care service through email or phone on business days.
5. Attractive commissions and bonus
Customers that trade with XM broker enjoys many bonuses and competitive commissions. Clients can earn up to $10 per lot on the clients they refer. And if that’s not enough you earn 10% on all your sub-partners.
The commissions earned per client have no limit. As long as the clients you referred continue trading, you still earn your commission.
Incentives like Deposit bonus, Non-deposit bonus and forex trading contest offered by the XM broker are the other benefits customers enjoy.
6. Timely payments
Another interesting thing about trading on the XM platform is the fast payouts. The website processes withdrawals rapidly and guarantees same day withdrawals. It also has automatic deposits that ensure you can start trading immediately you fund your account. You can deposit funds using your Credit/debit card, local bank transfer, bank wire transfer etc.
There are also several withdrawal methods to choose from. These options have no extra charges and hidden costs. Some of these payment options include credit cards (Master card and Visa card), skrill, Western Union and bank wire transfers to name a few.
7. Safety of funds and personal information
XM trading guarantees safety for their client’s funds and personal data. XM broker has multiple licenses and is well regulated by a number of regulatory authorities in countries like Cyprus (CySec), the United Kingdon (FCA), and Australia (ASIC).
The regulation and licensing coupled with a strong reputation as a stable forex broker is a guarantee that customers’ money and personal information is secure with XM forex broker.
8. Has numerous trading options
If you love to invest in more than one trading option then XM broker can cater for you. The website offers several trading options including stocks, foreign currencies, commodity, precious metals, CFDs on Stock Indices and Energy products, or you can compare asset options Forex.com vs XM.
To make trading even more exciting, XM broker allows for spot-on executions. The minimal delay time in carrying out transactions ensures there are no re-quotes or any rejections. It also has financial instruments exceeding 100, and you can trade on any desired currency. The currency options are countless with the main ones being USD, EUR, GBP among others.
9. Low cost of trading
With XM broker, clients can start trading from as low as 5 USD. In this case, the trading cost is 0.5 pips. The low cost allows beginners to trade without risking a lot of money during their first trials.
Also, XM broker allows the customers to choose their preferred leverage with the options ranging from 1:1 to 1:888. The freedom to increase or decrease your leverage gives you a better chance of making profits.
Indeed XM forex broker provides its clients with lots of benefits that make them fall in love with the platform. From offering a personal account manager, several trading platforms attractive commissions, great customer service, fast payouts to low-cost trading, there is no reason you can’t refer to XM broker as an exceptional brokerage firm.