XM"s reputation for reliability has led it to become a leading broker in a number of countries. This is evident from the fact that it serves clients in 196 countries on five continents. XM also offers trades in currencies, commodities, energies, metals, and CFDs. With its reliable services, it has managed to earn multiple awards and accolades for its excellence in the forex brokerage business.
XM has been around for more than a decade. The company was first established in 1999, when it was spun off from AMSC, a consortium of organizations that focused on satellite broadcast of data. Since then, the company has grown to become the largest satellite radio company in North America. XM radio now boasts over 170 digital channels, each dedicated to a musical genre. There are also talk and entertainment radio channels, as well as sports channels. Aside from these, XM also offers a subscription service, which enables listeners to get a wide range of channels and programming.
XM has been regulated in many jurisdictions, including the European Union, Australia, and Cyprus. It is primarily regulated by the Cyprus Securities and Exchange Commission and the Australian Securities and Investments Commission. XM also provides a free virtual private server. However, the firm does not offer trading in binary options.
XM brokers require a color copy of an official ID. Users must then create an XM account and provide a password. They then need to accept the Terms and Conditions. Once they do, they can begin depositing money. Depending on the country, users can deposit via electronic payment gateways, local bank transfer services, or wire transfers. In addition, XM offers fee-free deposits, so you don"t need to worry about a hefty fee.
As with other forex brokers, XM"s fees are based on the rates of the currencies the firm accepts. Fees are not refundable. But if you have trouble getting a deposit to your account, you can contact XM"s customer support. For example, if you want to transfer money from an XM account to a different currency, you can contact XM"s support team to arrange an exchange.
XM also offers a wide variety of payment options. The company"s client and operational bank accounts are maintained with reputable institutions. You can deposit funds in any base currency, and you can withdraw them in any base currency. Additionally, XM also offers a number of payment methods that differ by country.
Whether you"re looking to invest in the financial markets, or if you"re interested in acquiring a home-based satellite receiver, XM can help. Their customer service team is able to solve tickets faster and efficiently. Moreover, they"ve improved sales conversion rates and customer retention.
XM"s wide variety of channels and packages will appeal to a range of consumers. Listeners can enjoy music and entertainment, talk and conservative radio, and sports.
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