XM for beginners Forex Traders

Forex trading is the process of trading one currency for another — it is known as buying or selling currency pairs — based on prevailing exchange rates from the forex market. The forex market is the largest global market, with nearly $6.59 trillion in currency traded on average per day.

What is a forex broker?

When trading foreign currencies, you use a forex broker (also known as a currency trading broker) to execute your trades. When you trade forex, you buy or sell in currency pairs, such as the "EUR / USD" (euro / U.S. dollar). You open an account, deposit funds, then use the broker's trading platform to buy and sell currency using margin. The forex markets are open 24 hours a day, five days a week.

Licensed and Regulated Broker

The XM Group is licensed by ASIC in Australia (Trading Point of Financial Instruments Pty Limited), by CySEC in Cyprus (Trading Point of Financial Instruments Ltd), by the FSC in Belize (XM Global Limited), and by the DFSA (Trading Point MENA Limited), adhering to enhanced regulatory standards.

Focused on the Client

At XM the client comes first regardless of net capital worth, account type, or size of the investment. All our clients receive the same quality services, the same execution, and the same level of support. XM was founded on these values, and that will not change.

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Transparent and Fair

At XM what you see is what you get, with no hidden terms. Be that pricing, execution, or promotions. What we advertise is what we give our clients, regardless of the size of their investment.

Globally Renowned

We have clients from over 190 countries and staff speaking over 30 languages. Our management has visited over 120 cities globally to understand clients’ and partners’ needs.

Range of Trading Instruments

You can choose to trade forex and CFDs on cryptocurrencies, stock indices, commodities, stocks, metals, and energies, from the same trading account. With a wide range of trading instruments available from a single multi-asset platform.

Easy and Convenient

Starting from our account opening procedure, to managing your account, depositing or withdrawing funds, and finally trading, it’s all straightforward simple, and easy to use for all our clients.

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