XM Forex is one of the largest online forex brokers in the world. It is also one of the most popular brokers among new traders, especially due to its mobile trading platform and research tools. The platform is easy to use and offers an array of tools to help traders make smarter, more profitable decisions.
Thousands of new Forex traders fall prey to a MetaTrader forex scam. This scam lures in naive investors and aims to bilk them out of their hard-earned cash. While this type of Forex scam isn’t new, it’s a bit more sophisticated than its predecessors.
The MetaTrader forex scam combines a high-leverage system with the use of a virtual plug-in to artificially inflate returns in the early stages of trade. It’s a bit tricky to explain, but the resulting fake trades are certainly not the best way to earn money in the Forex market.
The MetaTrader forex scam isn’t the only scam that uses the virtual plug-in. A related scam involves the use of the Global Anti-Scam Organization’s (GASO) plug-in. This is a gimmick that uses a virtual dealer to generate simulated account balances.
Mobile trading platform
XM forex is a forex broker which is regulated by the UK Financial Conduct Authority. It provides CFDs on commodities, currencies, stock indices, energies, metals, and cryptocurrencies. There are over 1.5 million clients in 196 countries. They offer excellent research and customer support.
The XM trading platform supports over 1000 markets, with 55 currency pairs. XM is known for its user-friendly MetaTrader 4 mobile trading platform. The XM Forex app is available for IOS and Android devices. The app allows clients to trade from anywhere.
The platform offers excellent charting features, automated trade copying, and great manual trading tools. MetaTrader is known for its clean and simple design. It can be used in many languages.
XM is a world-class trading platform that is known for its quality and reliability. It offers a wide range of products and services for global traders. Its customer support is available in 17 languages. It also has a good educational section for new traders.
XM has several awards for being the best of the best in the forex brokerage industry. It is also well-regulated by several financial authorities. It is a member of the Investor Compensation Fund, which provides compensation of up to 20,000 USD in case of broker failure.
XM provides traders with a wide range of trading tools and research tools to help them in their trading endeavors. They also offer traders a good range of currency pairs to choose from.
XM offers several types of payment methods for withdrawals. These include debit and credit cards, wire transfers, and e-wallets. The most basic withdrawal method, bank transfer, takes approximately three days to process. Other methods, such as Skrill (formerly known as Moneybookers) and Unionpay, can deliver funds within 48 hours.
XM’s e-wallet feature is a popular method for withdrawals. You can use your e-wallet to withdraw up to $200 in free funds. In some cases, however, you may be required to pay a fee. This is usually in the range of $20 to $30.
XM has a reputation for offering excellent customer service, with support in over 25 languages. It has also been regulated by several financial regulatory bodies. This includes CySEC, the Malta Financial Services Authority (MFSA), and the MENA region.
XM is an online brokerage company that has earned regulatory status from the International Financial Services Commission (IFSC) and the Cyprus Securities and Exchange Commission (CySEC). It offers a variety of financial instruments. It also provides an XM demo account which gives users a virtual trading environment.
The XM demo account is designed for beginners to practice their trading skills and get a feel for the trading platform. It offers a similar trading experience to that of a live account, with a virtual balance of $100,000USD.
To use the XM demo account, you must register. This process takes a few minutes. You are prompted to provide personal information and trading account details. You must also provide an email address.
XM Forex is a Forex brokerage with a global influence. It offers a wide variety of accounts and research tools. It has over 1.5 million clients in 196 countries. XM is regulated by the Australian Securities and Investments Commission and the UK Financial Conduct Authority. It is privately owned and offers a variety of account types and tools to suit any trader’s needs.
XM Forex offers low spreads, fast order executions, and a range of tools for beginners and experienced traders. It also provides technical analysis tools. The broker has a variety of trading platforms, including MetaTrader 4. It also offers a demo account.