The XM ultra-low standard account offers a leverage of up to 1:100. However, the ratio may vary according to the amount of capital you are using and the financial instrument you are trading. It is an excellent option for new investors and low-risk traders who want to make progress without risking too much money.
XM offers a wide variety of account types.
XM has a diverse range of account types to suit different traders. Among the account types available are standard, micro, and premium. Besides offering a variety of base currencies, the brokerage offers contracts for difference (CFDs) that allow you to place bets on securities without actually owning them. They are famous for short-term trading, as they offer significant leverage.
XM offers several account types, all of which are straightforward and hassle-free. XM accounts require only a small minimum deposit and are entirely digital. Different account types offer different levels of protection and pricing. The size of your contract is also different. Generally, a standard account has a contract size of one whole lot, equal to 100,000. However, this account type can have up to 200 open positions.
XM clients can deposit and withdraw funds via Visa, Mastercard, and China Union Pay. The company also offers wire transfers, Skrill, and Neteller. In addition, you can deposit in any currency you prefer, including the base currency of your account. XM also offers a zero account, which eliminates spreads. The downside to this account type is that the minimum deposit is higher than the standard account.
Three regulatory bodies regulate it.
The XM Ultra Low Standard Spread is a low-cost trading account for investors. It provides clients with access to various markets and more than 1,000 assets. The company’s regulatory bodies include CySEC, ASIC, and the Financial Services Authority of Australia. It also offers negative balance protection.
XM Group is an international broker that offers access to a wide range of forex markets. Its ultra-low account offers minimum spreads starting from 0.6 pips. The minimum deposit for a new account is $100. It also offers a micro account that allows for nano lots. The XM Group is regulated by the three regulatory bodies listed above.
XM has a wide variety of deposit options to meet the needs of its clients. Traders can deposit in almost any currency, but currency conversion will incur a cost. Therefore, it is advisable to use the base currency of your account when making deposits. Withdrawals from an account can be made via the same methods. You can also use wire transfers to withdraw money.
It offers negative balance protection.
You can open a micro account at XM with a low-standard spread if you want to minimize your losses and maximize your profits. This account has a leverage of 1:100, and the maximum leverage is 1:200. This is perfect for investors with low capital and inexperience. In addition, the low standard spread is paired with a negative balance protection feature.
XM accepts clients from all over the world. The Australian Securities and Investments Commission and the Cyprus Securities and Exchange Commission regulate the company. Their services are backed by negative balance protection, guaranteeing their clients never end up in debt to the broker. Furthermore, XM offers several educational videos and webinars to help traders learn about the world of trading.
The company is a subsidiary of EF Worldwide Ltd, a company that the Cyprus Securities and Exchange Commission regulates. The company also maintains separate licenses from other regulatory bodies. The Financial Services Authority of Seychelles also licenses the company. Its website states that it provides negative balance protection to all customers but does not regulate itself in Japan. It is, however, a member of the European Union. It also complies with the requirements of the European Securities and Markets Authority for retail investor protection and negative balance protection.
It offers no swap interest payments.
The XM ultra-low standard spread account has several benefits compared to other types of accounts. First, it offers the tightest spreads on major currencies, starting at just 0.6 pips. This is a significant benefit for investors who have limited capital. Moreover, this account does not require a minimum deposit, which makes it affordable for most people.
Swap-free trading is available on all supported assets with XM. Traders can request a swap-free account on religious grounds. They can also trade more than fifty currency pairs and 1,000 CFD instruments. XM offers a wide variety of forex accounts with spreads starting at just 0.17 pips. The company’s ultra-low standard and micro-accounts come with zero swap interest payments.
Withdrawals from the XM account are free of charge. Clients can use Visa, MasterCard, Wire Transfer, and China Union Pay. Moreover, clients can deposit in any currency and withdraw in the same base currency. However, XM recommends that clients use their base currency.