Access Global Financial Markets and Start Trading
Lower overall spreads can be achieved by XM as they are the sole dealer in every single trade. There are 30 trading charting indicators available on the mobile apps and you have the full range of trading instruments to choose from with these apps. XM was first started back in 2009 in London and now they have an offering of more than 400 different instruments. You demand the best trading experience; our awards reflect our desire to provide it.
All in all, XM is a recommended broker especially if you are looking for an ideal broker with low minimum deposit requirements. XM Micro accounts have more base currencies available to choose from, ranging from the USD, SGD, AUD, EUR, GBP, JPY, CHF, ZAR, RUB, HUF, and PLN. This type of account already includes features such as negative balance protection and trading bonuses; however, there are no deposit bonuses yet. This guarantees that absolutely no requotes will be given thanks to XM’s efficient operation and time management.
Trading Conditions
Since its founding, the broker has experienced a lot of changes, including the addition of the Ultra-Low Account and EN Live Edu that is instructed by 16 global experts. They have a wide ranging section for education, including free weekly webinars that are interactive. It is an ideal learning ground for beginner traders and with three different account types, they cater for all kinds of traders depending on what their specific needs may be. The Micro account is best suited to beginners, with the standard account being ideal for flexible traders.
Assets Review
All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Get started with the MT4 platform in any way you prefer and enjoy a seamless cross-device experience designed to fit your trading style. Get started on the MT5 platform effortlessly on your preferred devices. Whether you’re a desktop or smartphone trader, MT5 is just a few clicks away. Trade with a regulated broker that has built long-standing partnerships with reputable banks to ensure your funds are always secure.
Everyone who chooses XM has the same opportunity to pursue their investment goals. Regulated with ASIC (Australia), CySEC (Cyprus), IFSC (Belize), DFSA (United Arab Emirates). The money that is funded to XM is placed into a segregated bank account at https://traderoom.info/is-xm-a-brokerage-we-can-trust/ a tier 1 bank. Start trading on one of the best multi-asset platforms in the industry and leverage the power of a global broker. Reduce your costs with low spreads and even lower swap fees and commissions.
Account Types
Currency pairs are a common choice, and you can gradually expand to other assets as you gain experience. Hi, Im a newbie who loves to open position in EUR/USD as daily trader. I don’t have a big money, so I need a huge leverage and mini account.
- More than 1 million traders from all over the world have traded with XM brokerage, so it doesn’t come as a surprise if the company provides services in more than 20 languages.
- They also have a range of tools and calculators that provide everything a trader needs when making certain calculations.
- The only platform that is offered by XM is MetaTrader, which is an industry standard trading platform.
- In Standard Account, 1 lot is 100,000 units, the minimum trade volume is 0.01 lots, and each ticket can reach up to 50 lots.
The minimum trade volume is 1 lot and the contract size is one share. These requirements can change over time, and they may vary depending on your region and the type of account you’re opening. Basically, if you are a trader from the country that regulates the broker, you will follow the rules of your country. And if you are a trader from outside the regulated country, you will use the trading term chosen by the broker. Usually, the broker will choose a regulator that has more favorable trading conditions, such as allowing high leverage and minimum deposit.
XM also places high value to connect clients as humanly as possible. To deliver such interactions, XM Broker frequently hosts seminars around the world. They have already hosted hundreds of workshops which is intended to give clients the necessary skills and knowledge to make improved trading decisions. This is accomplished by always keeping watch and adapt to the latest technologies and industry trends.
As regulators usually demand insurance premiums from the broker who offers fixed spreads, they tend to be bigger than variable spreads. So, by offering variable spreads to its customers, XM broker successfully avoids these issues. I have been interested in this broker for a long time, because it turns out that this broker provides bonuses and promotions for new traders that can be accessed when registering. New traders can get a deposit bonus of up to 20% or equivalent to the exchange rate. To get this bonus, it’s very easy, namely, traders who deposit at least $ 5.
They look after the needs of their clients through quality customer support and they have regular promotions such as a free VPS service. There is a library of free educational materials for XM users including the likes of week interactive webinars and video tutorials. They always have the latest news from the world of forex as well as providing regular market analysis from the team of experts at the platform. They also have a range of tools and calculators that provide everything a trader needs when making certain calculations.