XM is one of the premier forex brokers worldwide. Since opening their doors over a decade ago, they have garnered numerous awards and accolades as they provide account types to suit various investment levels and trading platforms that support different investment styles.
XM is regulated by Tier 1 regulators (CySEC and ASIC) and offers negative balance protection. Furthermore, its unique set of features set it apart from competitors.
Leverage
Leverage can help improve your trading performance, yet it carries with it a substantial risk of loss and may not suit all traders. Therefore, before using leverage you should carefully assess both your trading objectives and level of experience before using leverage.
XM offers traders access to an impressive array of financial instruments, including stocks, currency pairs, metals and indices. Furthermore, the company provides several account types tailored to individual trading styles and budgets as well as low margin requirements and an MT4 platform designed specifically for mobile trading.
Micro account minimum deposits with XM start from $50, below the recommended $100 threshold recommended by most brokers. As a market maker and using hedging techniques to protect clients from market fluctuations, it offers multiple base currencies including USD, EUR, GBP, AUD PLN RUB ZAR among many more – offering free and regular intraday market updates as well as technical analysis with multilingual support available as standard features. XM also boasts a negative balance protection policy as well as negative balance protection.
Spreads
XM offers a broad selection of trading instruments, such as 55 forex pairs, metals, shares, commodities and indices. Furthermore, traders have access to cryptocurrency CFD crypto markets though these may not be accessible for EU/AU clients.
Spreads at XM are competitive across all account types, ranging from 0-1 pips. Additionally, unlike many other brokers, XM provides no-requote spreads across all markets; scalping and hedging are permitted, and its negative balance protection feature helps prevent traders from losing more than they originally invested.
XM provides its Zero Account to traders seeking commission-free trading of most asset classes. The exception to this rule is their XM Shares account which requires an opening/closing spread cost of $3.50 per lot for round trades totalling $7 – all other hidden fees or costs are eliminated by opening a demo account first before transitioning with real money trading.
Account types
XM offers traders various account types that differ in terms of spreads, contract sizes and trading conditions. Furthermore, each account type allows different levels of leverage which are determined by XM’s regulatory entity in accordance with strict regulations to prevent excessive losses for traders.
On XM, there are four account types to choose from: micro, standard, ultra low micro and shares. While each account type offers unique features and trading conditions, all four provide access to both the MT4 and MT5 platforms; in addition all account types offer negative balance protection with no starting commissions charged at initial account set up.
XM provides traders with a range of deposit and withdrawal options, including major credit cards, instant bank wire transfers, and e-wallets. There are no fees associated with withdrawals or deposits – another advantage for any trader! However, should an account not meet minimum margin requirements, XM will send a margin call informing of potential loss and asking them to deposit more funds as quickly as possible.
Trading platforms
XM provides traders with an impressively diverse array of markets to trade in. This includes forex, equities, precious metals and commodities; CFD trading on popular global indices is also offered through this broker which also offers educational tools and support services.
XM offers traders a demo account to test its platform before investing their real money. Support is available in multiple languages via email and live chat; in addition to that they also provide top-quality webinars and tutorials.
XM Broker utilizes a fractional pip pricing model that offers tighter spreads and more precise quoting, making it easier for smaller investors to make profit. Furthermore, their margin call policy protects client funds – if their account equity drops below 50 percent of their margin requirement threshold they will receive an early warning about it.
XM is an established broker known for its reliability. Their operational philosophy centers around building customer loyalty over simply pursuing profits; their execution and liquidity ranks among the highest in their industry; furthermore, the company protects investors funds by keeping them segregated from operating capital.