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In today’s video, I will give you a better idea about XM broker – their conditions, type of accounts, the XM bonus system, and I will cover the advantages and disadvantages you may face if you decide to use the XM broker. And all of that in just 2 min.
Founded in 2009, Trading Point Holding is a global CFD and FX broker. XM broker is one of their brands, the other being Trading.com.
XM Broker has one of the lowest CFD fees. And not just that, it has a low withdrawal fee too. Tide spreads starting from 0.0 pips on EURUSD make XM a preferred broker for many of the traders.
As well, the broker offers Bonuses and Promotions for new clients that are attractive compared to other brokers.
The registration at XM does require a few documentation as proof. XM broker usually follows the normal KYC regulations. Documented proof for residence also needs to be provided.
Micro and Standard accounts require a deposit of $5, while zero accounts require a minimum amount of $100.
For investors, one of the interesting things to note is that XM broker is a globally available tool, and the following financial authorities regulate it:
★ CySEC in Cyprus
★ ASIC in Australia
★ IFSC in Belize.
The XM broker is suitable for beginners because the minimum to open an account is just $5. Also, you can easily fund the account with a debit or credit card.
A few disadvantages I have to mention is that XM supports 11 base currencies, and if you are a fan of trading exotic pairs, then you will have to look for another broker. As well if your live account is inactive for a long, you will be charged a few. So if you pause the trading, you better close the account and re-open it at a later stage.
Another interesting feature that the XM broker provides is the XM Bonus.
�Now one might ask, what is XM Bonus all about?
Well, XM Bonus is what XM broker gives to users who sign up in the real account for the first time. Important to remember that if traders make a profit off the bonus amount, the profit made is available for withdrawal at any moment.
Also, XM regularly hosts webinars to educate its young crowd as well as beginners. The company has a team of instructors who are tasked to train users in operating the platform as well as gain knowledge about the domain.
Please, share your experience with XM, or if you are planning to give it a try with a small account or a Demo account, you can use the link below to get some bonuses when you are registering.
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★ Forex Strategy Builder Pro – 2 weeks trial:
★ Test EA Studio with a 15-day trial and get the FREE course:
� If you have any questions about XM Broker Review, please, write in our trading Forum.
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