XM has provided the Pournara Reception Centre for Asylum Seekers in Cyprus with the essentials that several hundreds of young unaccompanied refugees have been missing throughout their stay there.
The center at Pournara is the initial point of contact for refugees arriving in Cyprus, and it is also responsible for their registration. These individuals have been compelled to flee their homes in order to avoid natural calamities that posed a threat to their lives.
There are a great number of orphans and youngsters who were forced to leave their relatives behind who are among them.
The most fundamental needs of refugee children are frequently difficult to satisfy. The center was taking in teenagers between the ages of 15 and 18, and when they came, they were in desperate need of underwear, shoes, and socks.
On the island, there are more than 700 young refugees now sheltering in a variety of asylums, and they require assistance. One of the most important aspects of our company's commitment to social responsibility is to maintain our partnerships with organizations that are working to improve their prospects for the future.
Since its establishment in 2009, XM, which is recognized for being the parent company of Trading Point Holding, has been operating internationally as a Forex and CFD brokerage firm.
And as for XM global, it was established later than anticipated in late 2017 and is governed by IFSC (International Financial Services Commission) under license number (000261/106).
Eventually, the brokerage was additionally regulated by two other regulatory agencies (ASIC and CySEC), making it one of the most secure brokerages now in operation.
In addition, XM Global has over 1.5 million traders in 196 countries. XM's core value is fairness, and this is the fundamental reason why countless retail market traders applaud the broker.
XM offers 5 types of trading accounts to the retail market traders which go as follows: Micro, Standard, XM zero, XM ultra-low finally it's the XM share accounts. Let's get a brief overview on this:
First of all, the Micro accounts are more of a GO-TO platform for the new traders as it requires a deposit amount of only $5. Don't let that amount distract you from anything because you'll be able to trade on all the base currencies including AUD, USD, GBP, CHF, JPY, EUR, PLN, and HUF.
Note: Just so you know, 1 micro lot = 1,000 units of the base currency.
In the same way, Standard accounts also offer all the base currencies similar to micro accounts and the deposit amount is also $5. The only difference is in the standard accounts, 1 standard lot = 100,000 units of the base currency.
Moving on, the Zero accounts require a minimum deposit amount of $10 and the base currencies are USD, EUR, and JPY. The standard lot of zero accounts are also similar to standard accounts.
And in the Ultra-low accounts, the minimum required amount is $50 where USD, EUR, AUD, GBP, SGD, ZAR are the base currencies. The standard lot is also similar to standard accounts.
Note: XM ultra-low accounts are only available to certain trading groups.
That's not even all!
XM also offers share trading accounts along with swap-free trading accounts. The share accounts require a minimum deposit amount of $10,000 and the standard lot is similar to micro-accounts. But the share accounts only allow you to trade on USD as a base currency.
| 🔷 Wise Traders Best Choice - AssetsFX 🔷 |
As per the trading leverage, well it can vary from 2:1 to 30:1 pretty quickly which obviously depends on the trading instrument and the average spread is 0.1 pips on EUR/USD. Apart from this, XM offers a market execution process rather than instant execution
XM renders an ultra-wide range of trading instruments to its users as they are committed that way to providing all the possible trading assets to the retail market traders. And in order to execute that initiative properly, they are giving access to:
Forex: More than 57 currency pairs including the exotic ones.
Metals: Availability of precious metals including gold and silver.
Energies: You'll be able to trade on energies like Brent crude oil, GSOIL, NGAS, OILMn.
Commodities: You'll be eligible to trade on 15 commodity stocks.
Stocks: You'll be able to experience up to 28 major company shares along with 1240 stock CFDs.
Indices: You'll be able to trade on a wide range of indexes including the HUGELY popular ones.
Note: Due to diverse legal statics FBS doesn't allow any traders to trade on cryptocurrencies especially BTC
Like all the regulated brokers who don't hesitate to provide any sort of trading bonuses, XM also renders wholesome trading bonuses.
The bonuses kinda look like this:
Source: XM.com
$30 No deposit bonus: No deposit bonus is a one-time thing that a brokerage provides to its clients while registering an account with them. As for XM, they proffer a welcome bonus of $30 if you open an account with them.
Along with that, XM also offers a loyalty bonus along with a referral trading bonus which is also applicable to all retail market traders.
But keep in mind that standard conditions may involve while applying for trading bonuses.
I have to stop here, but there are so many things to discuss. If you want to know more about this broker, look at - XM Review 2022.
Wishing you all a happy trading.
