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In the asset library, you can find 1,210 CFDs as well as 57 forex pairs (exotics, majors, and minors). The library can be casually browsed or filtered if you would like to find a specific stock originating from a certain country. Said class asset is spanned into 17 different countries such as Russia, Australia, Austria, Sweden, Finland, Norway, Portugal, Italy, Greece, Spain, Switzerland, Belgium, and the Netherlands. The platform also provides access to 8 commodities through CFD assets. There are 12 futures indices CFDs and 18 cash indices CFDs available.
In XM Broker, traders can place a variety of order types, ranging from stops, trailing stops, market orders, and limits. Moreover, traders who prefer conventional trading can place trades via the telephone as well. They can always set and place their trades during their respective trading hours. XM is one of the more experienced brokers in the world of online forex trading today.
With XM the amount of fees and commission that you have to pay will be dependent on what sort of account you have with them. You have two accounts which are free from commissions – Standard and Micro accounts, while the XM Zero account is based on commission. XM offers instant, or same-day, withdrawals with no fees for verified and connected accounts. Withdrawals via bank wire, credit, or debit card usually take 2-5 business days.
All traders can have up to 200 positions pending or open positions at a single time. There is also the option of an Islamic account available, although there is no balance protection and zero commissions offered. XM Ultra-Low Account allows hedging, but there are no deposit bonuses nor any trading bonuses. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. It requires a minimum initial deposit of $10,000 and does not allow hedging.
The webinars are held almost every day and traders can take part in it. The material revolves around fundamental and technical basics, trading indicators, how to determine entry and exit, weekly market analysis, and many others. XM Group is a group of regulated brokers and it is owned by Trading Point Holdings Ltd. Entities under XM Group have significant experience as financial services providers worldwide. As a whole XM is a trusted broker that has a solid and unspectacular offering for their users.
XM Broker provides the option to trade in a wide range of assets including precious metals, commodities, stocks, and energy products. When you have registered as an XM trader, you will get a dashboard to view all the instruments available on XM Broker. XM Broker provides rapid processing of payment such as deposits and withdrawals that are supported by many types of transfer methods. In this case, traders can choose https://traderoom.info/is-xm-a-brokerage-we-can-trust/ to fund their account via bank transfer, credit card, or e-payments like Skrill and Neteller. Another specialty of XM broker is the availability of free (no fee) deposit and withdrawal options.
XM prides itself to be the ideal broker in trading execution, offering a stat of 99.35% orders to be executed in less than 1 second. A popular global broker with a large customer base and a good reputation, XM is a good choice for most UK traders. It has some of the lowest fees in the industry, provides excellent research and education, and has a beginner-friendly trading app. It also has an excellent suite of trading tools and its customer service is responsive and well trained. XM Broker provides 24-hour phone, email, or online chat customer service from Monday to Friday in 30 different languages.
At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). So, don’t be confused, if some traders can get very low leverage and higher deposit, they also don’t have a trading bonus, while others can get a lot of bonuses and favorable features. Strict regulatory bodies often come from Australia and Europe as well as from the United States. And the weakest regulator could come from a small country in the Pacific, from Central America or even from a small country in Africa.
There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Regarding cryptocurrency deposits, XM does not typically accept cryptocurrency as a direct payment method.
Hedging is allowed, and the minimum trade volume is 0.01 lots in MetaTrader 4 and 0.1 lots on MetaTrader 5 platform. The amount of open or pending positions that traders can open at a single time is up to 200 positions with up to 100 lots per ticket. A well-regulated market maker broker XM offers trading on over 1000 instruments, including over 57 Forex pairs. Trading conditions are average compared to other similar brokers, with a spread of 1.7 pips (EUR/USD) on the Standard Account and 0.8 pips (EUR/USD) on the Ultra-Low Account. Low minimum deposit requirement of 5 USD on all account options, making it great for novice traders. In comparison, the XM Standard Ultra-Low account has a lower requirement, starting from 0.01 lots trading volume and a limit of 50 lots per ticket.
