To get started you need a few essentials. For starters, you"ll want to have an email address on file. Next, you"ll need to answer a couple of questions regarding your financial knowledge. Lastly, you"ll need a password. It"s a good idea to use a password manager, such as LastPass, to keep track of all your passwords. Once you"ve got your credentials all set up, you"re ready to begin trading.
XM is a global forex and CFD broker. In fact, it is regulated by three financial authorities worldwide: the CySEC of Cyprus, Australia"s ASIC, and Belize"s IFSC. This is in addition to a solid suite of educational tools and resources, notably a top notch economic calendar. There are also a few cool perks to being a XM customer, including the ability to sign up for a free webinar on topics ranging from currency trading to Forex trading strategies.
To test your mettle, you may wish to take the time to learn about the XM Demo Account. You can do so by going to the provider"s homepage and clicking the link to the free demo. At that point, you"ll be prompted to fill out some basic demographic information. After that, you"ll be given the option to choose between an Islamic account or a standard stock index CFD account. While most of the offerings are free to sign up for, you will need to deposit at least $5 into your brokerage account.
Although you"ll have to sign up for an account before you can trade, it"s a fairly painless process. First, you"ll need to answer the question, "Who are you?" They"ll then ask you to enter your email address and country of residence. Upon receiving this information, you"ll receive a confirmation email.
When it comes to the XM site, it"s not hard to see why this is one of the most popular online brokers on the planet. Besides offering an array of technical tools and features, you"ll find the same low pricing on stock index CFDs, forex, and other derivatives. As a bonus, you"ll get access to the company"s stellar customer service, both through live chat and email.
With a great selection of free content, it"s no wonder XM has become a popular choice among traders, novices and seasoned veterans alike. To make the most of your experience, you"ll need to familiarize yourself with the XM brand, its products and services, and its rules and regulations. By taking the time to learn the ropes, you"ll be trading like a pro in no time. XM has a slick customer support team available around the clock, and a range of services and account options to fit your needs.