In this post, we’ll be taking a look at the minimum deposit and fees for XM and Exness. Both of these brokers are popular choices for online trading, so it’s important to know what you’re getting into before you commit to either one.
The Traders Union Experts will also be giving our thoughts on which broker is better overall. So if you’re considering either XM or Exness for your next broker, read the Traders Union article for more information!
XM Forex Trading
XM Forex Trading offers traders access to world markets and a variety of trading instruments with a single account. Clients can access real-time market data, leverage any trade up to 500 times, and benefit from negative balance protection. XM Forex Trading also offers global coverage, tight spreads, and guaranteed execution of orders as some of its key features.
Moreover, XM hosts regular webinars and seminars on how to become a successful trader, so even new investors can learn the ropes quickly. With an easy-to-use platform that is optimized for Smartphones and tablets, XM provides its clients with the tools to stay competitive in a constantly changing market.
How to Fund Your XM Account with the Minimum Deposit?
According to Traders Union, funding an XM account is easier than ever. While the XM minimum deposit depends on the payment method you are using, generally, it is $5 USD with e-payment methods and from just $100 USD when choosing a bank transfer option. To deposit money into your XM Account, simply log in to your My Account section, select the ‘Deposit’ tab, choose the payment method of your preference, and follow the simple instructions for completing the process.
Your transaction will be processed almost instantly and you can start trading right away! Depending on the country of residence of the depositing trader, some payment options have limits on minimum or maximum amounts which are also displayed during the deposit process based on any selection made during it.
What Are the Fees Associated With Exness Accounts?
Exness has told Traders Union that their accounts are incredibly accessible and economical, with a wide range of account plans for traders at any level. There are no charges or set-up EXNESS fees to open an account – only a minimum deposit to activate it, which varies from $1 for the Cent Accounts up to $2,000 for the Pro ECN Accounts. Commissions also vary depending on the type of account.
For something like their Standard Account, the commission is 0.03 pips per lot, whereas the Direct ECN Account requires a commission payment of 0.09 pips per lot. Regardless of which account you choose, however, Exness strives to maintain competitive spreads and offer the best possible trading conditions without charging extra fees or hidden costs. All in all, these competitive figures make Exness accounts an incredibly attractive and viable option for both new and experienced traders alike!
How Do I Withdraw Money From My XM or Exness Account?
According to Traders Union analysts, if you are an XM or Exness account holder, there are several different methods available for withdrawing funds from your account. When processing a withdrawal request, you must provide an acceptable form of identification along with financial details such as your banking information. Depending on the method you selected for making the initial deposit, you can use the same method to process a withdrawal or choose another one approved by your broker.
Generally speaking, withdrawals tend to be processed much faster than deposits and can be completed anywhere between a few minutes and several weeks (with some less common payment options taking up to 2 months). Before initiating your withdrawal, make sure that all account requirements have been met and that no bonus offers are applied to your account that might impede the withdrawal process.
What Other Features Are Available on XM and Exness Accounts?
XM and Exness account holders have access to a wealth of features, such as trading tools, analytics, and resources that offer market insights from experienced traders. Mobile applications allow users to access secure online trading and real-time price updates – anytime, anywhere. Other features include secure deposits through multiple methods and fast withdrawals for convenience.
Additionally, with XM and Exness accounts, customers can benefit from tailor-made trading bonuses ranging from no-deposit bonuses to loyalty programs for existing traders. Finally, the availability of round-the-clock customer service ensures that all inquiries are handled promptly by an experienced team of professionals. With these comprehensive features, XM and Exness accounts provide everything needed to make informed decisions on the financial markets. Thank you for reading this traders Union article!