If you are looking for a forex broker, XM may be an excellent choice. They offer a 30-day no-deposit bonus to new customers, support NBP (Negative Balance Protection), and accept various funding methods. Read on to find out more about XM and its services.
XM offers a 30 no-deposit trading bonus.
For new traders, XM offers a no-deposit 30 USD trading bonus. To take advantage of this promotion, you must sign up online and open a real account. The process of creating an actual account is quick and easy. After you’ve created an account, log in to your account and verify your details.
You can claim the bonus on the XM website. First, you’ll need to provide a valid email address. Once you’ve done that, you’ll receive a confirmation email with your account number and password. Then, you can start trading with your new funds!
XM’s trading platforms include MetaTrader 4 and MetaTrader 5. In addition, the company’s website offers support in over 30 languages. It also offers multiple account types.
XM offers a range of account currencies.
XM offers an array of account currencies to suit the needs of a wide range of traders. For instance, if you’re a Muslim, you can open an account with XM that offers swap-free trading, which complies with Shariah law. Moreover, you can set up your account with XM in any base currency you prefer. The company also allows you to fund your account with credit or debit cards or through a bank transfer. The company also accepts payments through ePayment agents.
The XM group has an active charity organization, the XM Foundation, which focuses on humanitarian action and equal opportunities. The foundation assists countries in the developing world by helping them access education, vocational skills, and other forms of international aid. You can learn more about the foundation’s work on the XM Foundation’s website.
XM supports NBP (Negative Balance Protection)
Negative Balance Protection is a valuable feature that helps prevent your account balance from becoming negative. While it may not seem a prominent feature, many people do not realize its usefulness. When you start trading with XM, you can opt for the Micro Account, which requires a minimum deposit of just $5. In addition, this type of account supports the smallest MetaTrader lot size, 0.01.
The company provides trading services in over 15 languages worldwide, and its trading platforms offer high-quality trading execution. In addition, it supports several account types, including Micro Accounts and Cent Trading.
XM offers a variety of funding methods.
In addition to trading tional bank transfer, XM offers clients various funding options. Most brokers charge for wire transfers, but XM charges zero fees for deposits and withdrawals. XM also allows clients to apply higher leverage, which is helpful for some clients. However, clients should keep in mind that higher leverage carries higher risks. They should also have a strategy in place before making any decisions.
Funding options include credit cards, debit cards, and electronic wallets. Withdrawals are free of charge if you use the e-wallet method. Bank wire transfers to non-EU countries may take three to five business days.
XM charges an inactivity fee if the account is untouched for more than six months.
XM charges an inactivity fee on accounts that have not been active for six months or more. This fee is charged if there has been no trading or internal transfers on the account. In addition, inactive accounts lose all the benefits of free account balances. It is important to remember that the inactivity fee is not a withdrawal or deposit fee.
To avoid the inactivity fee, maintain a regular deposit and withdrawal plan. This will help you avoid the fees imposed by the bank. You can do this by setting up direct deposits or recurring withdrawals.