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XM Forex trading demo account 2020

 

Forex broker XM is on the market since 2009, employs 300 people and serves 15 million clients from 196 countries. The company is registered in Cyprus, has obtained FCA, CySec, ASIC, IFSC certificates and has not been found guilty of fraud.

XM brand has several prestigious awards, good reputation among traders. The broker actively implements innovative products, runs social projects, and is a sponsor of the outstanding athlete Usain Bolt, who has 11 gold medals in his piggy bank, won at the world championships.

XM Global demo1

 

The site has tools to help with trading:

  • The Economic Calendar;

  • Calculators;

  • Currency converter;

  • Trading Signals.

The XM dealer centre takes care of the security of the funds entrusted to it. The money is kept in Barclays Bank and is held in a separate account. Transactions are carried out using the SSL protocol, which is considered the most secure.

XM is actively involved in charity. Part of the profit is directed to UNICEF funds. In 2015, the broker provided financial assistance to the victims of the earthquake in Nepal.

XM Global demo 2020

If you are taking your first steps in Forex, a demo account is an ideal choice to evaluate your potential as a trader. With a demo account, you can trade with virtual money without the risk of losing any real money. Once you have tested your trading strategies, learned about price movements and how to place orders, you can proceed to the next step and open a trading account with real money.

6 Asset Classes - 16 Trading Platforms - Over 1000 Instruments.
Trade Forex, Individual Stocks, Commodities, Precious Metals, Energies and Equity Indices at XM.

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The difference between demo and live account at XM Singapore

Although all Live account options are also available for demo accounts, it should be remembered that simulation trading cannot replace real market conditions. One such difference between actual trading and trading on a demo account is the fact that the volumes of positions opened on a demo account are not released to the market and do not affect it. On a real narrative, the trading volumes are released to the market and affect it, especially large positions in terms of volume. The speed of execution on real trading accounts in XM is the same as on demo accounts.

Moreover, the psychological state of a trader when trading on a demo and real accounts can be quite different. This aspect can affect the perception of trading results in a demo account. We recommend to keep a sober estimation of trading results on a demo account and not to fall into the euphoria of large profits earned on a demo account.

XM Global demo2

 

Bonus for owners of XM Demo account

100% bonus is a limited time offer for demo account holders. During this period XM offers clients from your region the opportunity to switch to a live trading account and start trading in real terms with 100% Forex Welcome Bonus or equivalent in the currency you have chosen to open your account.

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