Increasing globalization and access to the internet facilities shift a fair number of traders on forex market and is growing day by day. Today forex trading is one of the most adoptable business for both seasonal traders and full time traders. The number of traders is increasing with each passing day and more and more beginners are joining the platform to trade for the assets and so does the assets. One impeding task for the beginners is the choice of broker platform and there are hundreds and thousands of broker platform available in the market. Broker platforms are competing for the more and more traders on their platform by facilitating them in different ways. Over the time period, many a strategies for the trading itself has been derived and every broker platform is trying to gain more and more attention by facilitating the traders upon those strategies.
XM trading platform is a group of regulated forex trading platforms developed in 2009 for the first time and over the years many trading platforms have been developed under the same banner. Trading Point of Financial Instrument got regulated by Cyprus Securities and Exchange Commission in 2009 and got regulated by Australian Securities and Investment Commission in 2015. XM Global was regulated by international Services and Finance Commission in 2017. Till date XM group has more the 1.5 million traders and are increasing day by day with growing popularity due to better customers support service and excellent security measures. The company sends professionals to 120 different countries to understand the market and need of traders which make it a true international broker. XM support more than a thousand trading instruments and assets making it one of the most diverse platform in the market. Quick withdrawals, easy deposit methods and low commission make it one of the most reliable platform for the traders. XM is also known as the next generation trading platform for the very obvious reasons.
XM is highly valued platform as it provides low spreads and low cost transactions for the traders. The spread is a low as 1.7 pip for EUR/USD for regular trading account. The platform also has a loyalty program that enable traders to rebate the amount after a transaction/lot. By its attractive promotions such as deposit bonuses, without deposit bonuses and low spread, XM is attracting more and more beginners as well as professional traders. XM support both Meta Trader 4 and Meta Trader 5 trading platforms and also has wide verity of applications for PCs, Tablets, IPods and Smart phones. The tools on the apps are very attractive and are really east to use. The platform support over a thousand trading assets including 50+ currency pairs, Stocks, Indices, Commodities, Metals, Energies and Shares which make it a highly diverse and reliable platform for seasonal traders, regular traders, beginners and scalpers alike. XM also support a diverse array of indicators and also allow traders to apply different tools efficiently. The platform also support a highly valued Research and Education program which enable traders to execute trades and safeguard deposits efficiently. Moreover it also enable traders to gain considerable education regarding the basic forex trading which is helpful for beginners.
In depth analysis of market and behavior of traders enabled XM group to design specific trading platforms for various traders depending upon their experience in Forex trading. Currently XM support three different types of accounts called as XM Micro, XM Standard and XM Zero account. XM Micro account with its low spread, 1:888 leverage and a minimum deposit of 5$ is best for beginners to start Forex trading and gain more experience. With a negative balance protection it allows traders to open 200 orders at one time. XM standard account has more to offer for experience traders as it contain standard lots for both MT4 and MT5 platforms. XM Zero is for experts only. A relatively newer platform is XM Ultra low account and it is highly attractive for having the lowest spread ever in XM which is 0.7 Pip and no commission. The highest leverage in XM Ultra Low account is 1:888. XM is known to support VPs (virtual Private Server) for the traders who wants a smooth and uncompromised trading experience. Moreover, XM also provides an Islamic trading options for the Muslim traders which make it a diverse trading option around the globe.
The two keys areas a trader look while choosing a broker are payment system and customer support services and XM is one best broker when it comes to payment system and customer support services. XM support all the international money transfer methods including PayPal, Perfect Money, Skrill, Web Money, Neteller, Bitcoin, Bank Wire transfer and Master Card. XM also support local payment methods which is highly reliable for traders as it cost them too much when it comes to transfer money overseas. With its fast deposit and withdrawal, local payment support, low fee for deposit and withdrawal and high minimum withdrawal limitations XM has one best payment system. XM maintain a high standard for the customer support services and provides a local customer support services all across the globe. XM is highly supportive to the language barrier for traders as it provide 24/7 support in 30 different languages. XM offers a real human chat support program along with E-mail and phone chat program which make it one of the best customer support program in the broker industry. Overall, XM trader is a great platform for traders to execute trades and earn profits.