XM Launches New ZERO Account For Users

XM, a multi-asset service provider of foreign exchange (FX), precious metals and stock indices, has introduced a new account feature, tapped XM Zero Account, on the back of client feedback garnered from a recent customer satisfaction survey at XM.

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XM’s new Zero Account builds on the group’s existing suite of services and accounts, with a wide base range of currency options across other Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term account types. Following the launch of its Zero Account, XM now boasts three sovereign accounts- Micro, Standard, and Zero Account types.

The Zero Account will feature base currencies of the US dollar (USD), Japanese yen (JPY) and the euro (EUR), as well as fifty-six currency pairs and precious metals, each with varying degree of spreads, in some cases as low as zero – in addition the account utilizes leverage up to 500:1, up to $20,000. XM’s Zero Account is also open to existing users who actively trade on the group’s Micro or Standard Accounts at no extra fee.

In addition, the XM Zero Account is fully compatible with MetaTrader 4 (MT4) MetaTrader 4 (MT4) MetaTrader 4 (MT4) functions as a comprehensive platform for trading foreign exchange (FX), analyzing financial markets, and using expert advisors. Despite the emergence and adoption of the newer MT5 variant, MT4 has remained the dominant and de-facto platform utilized by brokers since its release by MetaQuotes Software since 2005.MT4 is widely used in the online retail foreign exchange space by traders. The software is licensed to FXbrokers who provide the software to their clients and consists MetaTrader 4 (MT4) functions as a comprehensive platform for trading foreign exchange (FX), analyzing financial markets, and using expert advisors. Despite the emergence and adoption of the newer MT5 variant, MT4 has remained the dominant and de-facto platform utilized by brokers since its release by MetaQuotes Software since 2005.MT4 is widely used in the online retail foreign exchange space by traders. The software is licensed to FXbrokers who provide the software to their clients and consists Read this Term), across Windows, Mac, and all other Apple and Android devices.