How to open account on XM .
You can expect a very easy, smooth and professional process to open your account with XM. All you need is an email or a social platform login
You don't want to wast time, so do they. therefore, you will get your account opened in 1 day.
You can immediately use your demo account or you can proceed with verification and start using your live account.
However, if you decide to move forward as a trader and work with real money and real shares or trades, get ready to provide your passport or ID along with proof of residency (something like a utility bill or bank statement). In some cases a video verification might be asked too. Well, its more than easy to place an order and you will be guided throughout the process.
in brief follow these 6 steps for account opening at XM :
1. Get ready with you email address
2. Select the country of residency.
3. Provide demographic data
4. Choose your preferred online trading platform
5. Select your account type & base currency.
6. Provide identity and residency proof for activation.
Tip about away times:
You can set alerts and notifications on XM and customise it. For instance, your alert can be set for a time that an asset reaches certain price target. One negative point here is that you can not set alarm for order confirmation.
No matter you use desktop, web or mobile for your trading, you can get different kind of notifications.
I will put it simply, whether you need a pie chart, or list of assets, you can easily generate it and track the performance of your portfolio in XM , It's kinda easy and you can see a structured cash flow and other financial related reports.
XM offer news feed too and it is all produced by in-house research team but the content is not that visually appealing.
Finally, Research & Education
Alright, if you are looking for fancy videos and a lot of videos contents to begin with, besides our top 10 best blog, you can find a lot of educational materials at XM. We have hundreds of pages and detailed reviews and tools, guides and articles (We do not offer investment advice and guarantees).
XM education is decent, there are videos, webinars, articles and more about trading and also their trading platforms that works for beginners and experienced traders.
You will get a demo account and sufficient balance to begin practicing.
The Research part is also comparatively strong.
On the Contrary, when it comes to research it offers decent technical analysis tools (only in English) that engages you with good UI and user friendliness environment, nice interactive charts, and some recommendations about analysis and ideas on trading.
for instance, only for a limited number of well-known products, there are recommendations such as hedge fund and insider trading sentiment, or (buy/hold/sell) also known as analyst consensus, and average price target analysis.
The charts and charting feature is pretty good. They also offer trading Ideas but nothing to give you in terms of fundamental data.
After careful evaluation, we believe XM is among top-tier best CFD brokers and forex brokers in 2020.
Couple of reasons could be it's regulation, as it is supervised by several financial authorities globally. The easy to use trading platform that they offer is an advantage for online trader on the go. A big plus is their video educational repository, and indeed their low cost trading fees.
Good thing is that XM CFD fees are comparatively low, and they allow you to withdraw for free and it's done pretty fast. No need to talk about the fully automated account opening process that enables you to get started ASAP.
On the negative side, biggest negative point on XM is not offering support during weekend and outdated design of their web trading platform.
Best Online broker for CFD & low cost forex trading