XM Platform Perdagangan Dalam Talian Terunggul di Pasaran Forex dan CFD
To protect customers’ funds, XM also features a stop-out level mechanism. The stop-out level is set so that when the equity level reaches a certain point, it will automatically close the clients’ floating positions. All retail clients with XM Ultra-Low Accounts, Micro Accounts, or Standard Accounts have a stop-out level of 20%.
Wide Range of Trading Assets
XM broker is established under the XM Global Limited, which is part of the XM Group financial company. XM is founded in 2009 as an online broker and trading platform service that offers a wide ion of accounts with a low minimum deposit, designed to attract every trader across the globe. The XM group itself is an industry leader with 2.5 million clients from 196 different countries. In recent years, XM expanded its service into an online multi-asset forex broker including over a thousand CFDs and 57 currency pairs as tradable assets. To open a Micro account, traders have to make a minimum deposit of $5. Traders who prefer the Shariah account can also choose to open an Islamic account type as well.
And finally, XM Broker also enables trading with metals such as silver and gold. XM Broker supports both MetaTrader 4 and MetaTrader 5 platform that offers state of the art technology, simple to use, and user-friendly interface. They offer trading versatility since both applications are available through a wide range of devices, from installed software on a PC, WebTrader in a web browser, to mobile devices. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.
- This guarantees that absolutely no requotes will be given thanks to XM’s efficient operation and time management.
- This XM review gives you all the key facts you need to decide if it’s the right platform for your money.
- XM offers instant, or same-day, withdrawals with no fees for verified and connected accounts.
- To protect the client’s fund in the event of extreme volatility, XM presents each account type with Negative Balance Protection.
Account Types
Spreads on all majors can reach as low as 0.6 pips in Ultra-Low Account, while spreads on other accounts usually start from 1 pip. You have access to virtual trading, but those using mac desktop computers will not be able to run this trading platform optimally. There are 51 different trading indicators available to you and there are 31 charting tools you can utilise. There are no withdrawal fees with create cards, However, there is a $15 per withdrawal for bank transfers below $200.
All accounts offer negative balance protection, hedging and Islamic option as standard. If the currency you deposit into your account is not USD, the amount shown is the equivalent in the deposit currency. For me, the best advantage is that XM gives me really favorable trading conditions. As a beginner, it’s generally advisable to start with assets that are more straightforward and easier to understand. First, Forex (foreign exchange) is often considered a good starting point for beginners due to its simplicity and the availability of educational resources.
Want to Practice Trading for Free?
Looking at the XM Zero account, the average spread for EUR/USD is 0.1 pips excluding the commission. For the same pair on the other two accounts, the average spread for this currency pair is 1.7 pips. The XM Group is a global powerhouse that offers some of the best trading conditions. That said, XM falls behind with its limited pricing, range of markets, and platform offering — none of which can compete with the best brokers in this space. For their global approach, XM has ensured that traders from various countries could access their service easily. This results in the provision of different domains specified for traders in certain jurisdictions.
More than 14 languages are catered for through the customer support service at XM. You can reach them no matter what time of day it may be through their live chat feature. In total, there are 356 different CFDs offered by XM, with five of these being cryptocurrency CFDs. There are 57 currency pairs on offer and they don’t offer any ETF products. XM Group is a trusted MetaTrader-only broker that offers an outstanding selection of high-quality educational content and market research.
The XM Zero account generally is best suited for regular traders or those who place significant trades. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
They offer both MetaTrader 4 and MetaTrader 5 and they have tweaked them slightly to suit the specific needs of their users. XM always have a range of promotions they are running at any given time. They have a 100% deposit bonus up to $5,000, they have free VPS services and there are no fees on both deposits and withdrawals. They offer more than 30 language options for their users and they cater for any and all levels of trader. One of the recent awards they have received is being named as the best FX broker in Europe in 2018 by the World Finance Magazine. Every client, regardless of account size, gets access to the same excellent trading conditions.
Even better, the platform provides the option to show a simple dashboard while trading to help you monitor their margin and cope with risk exposure in a real-time manner. You can observe both used and free margins, which will combine as the equity in your portfolio. The free margin is the quantity you still have in your trading account, while the used margin will refer to how much money you need to have for a transaction.
Margin call warning https://traderoom.info/is-xm-a-brokerage-we-can-trust/ is a notification mechanism, to inform you that your trading account lacks the required equity to maintain trading positions. All of the usual forms of deposit and withdrawal are available with XM, such as Neteller Moneybookers, debit and credit cards and Skrill. Most of the deposit options will allow you to have your deposit processed instantly. Bank transfers will take between 2 and 5 business days to process though.