Founded in 2009, XM is quite well known in the retail forex trading industry.。So, is it worth recommending and is it ideal for you?？Learn about the advantages and disadvantages of XM brokers here。

XM Broker was established under XM Global Limited, which is part of XM Group Finance。Founded in 2009 as an online broker and trading platform service, XM offers multiple accounts and low minimum deposits designed to appeal to every trader around the globe.。XM Group itself is an industry leader with 2.5 million customers from 196 different countries.。In recent years, XM has expanded its services to become an online multi-asset forex broker, including over a thousand CFDs and 57 currency pairs as tradable assets.。

Content

使用Advantages of XM in Forex Trading

Reliable and trustworthy

Wide range of leverage

Minimize execution delay time

Provide24-hour multilingual customer support, five days a week

Reliable trading platform

Instant deposits and withdrawals

Extensive range of trading assets

Low point difference

Various types of accounts

Trading Courses and Market Studies

使用Disadvantages of XM for Forex Trading

 

使用Advantages of XM in Forex Trading

We have prepared for youSummary of the advantages of XM brokers。Hopefully this will help you find the inspiration for deciding whether you need to open an account with an XM broker immediately and start trading forex。

Founded in 2009, XM is a member of an online brokerage firm called Financial Instruments Trading Points Ltd.。To serve customers worldwide, the company has split into XM Australia and XM Global, as well as XM Cyprus。Each member has a different head office and license, XM Australia is registered under the Australian Securities and Investments Commission (reference number: 443670), XM Worldwide is registered under the International Financial Services Commission (60 / 354 / TS / 19), and XM Cyprus is registered under the Cyprus Securities and Exchange Commission (reference number: 120 / 10).。

XM is one of the more experienced brokers in today's online forex trading world。Since its inception, the broker has undergone many changes, including the addition of an ultra-low account and webinar function, which supports 19 different languages with 35 local instructors in each language。

In terms of trading instruments,XM is known for its diversity of asset providers, ranging from Forex, commodities, CFDs for equity indices, precious metals, energy, to equities。XM prides itself on being the ideal broker to execute trades, providing a statistic that 99.35% of orders executed in less than a second。Trading at XM also offers a strict no-re-quote policy, no virtual trader plug-ins, no rejection of orders, real-time market execution, and the option for traders to place orders online or over the phone.。

在在Spreads across all major currency pairs can be as low as 0 in an Ultra-Low account.6 points, while the spread of other accounts usually starts at 1 point。XM chose to limit their leverage to a scale of 1: 888, rather than offering a maximum leverage of 1: 500 or 1: 1000 (whole numbers), a unique number now widely recognized as a trademark of XM.。

 

In order to protect the client's funds in the case of extreme volatility,XM provides negative balance protection for each type of account。Deposits for micro and standard accounts start at $5, while Ultra-Low accounts require a minimum deposit of $50。Traders who open an account at XM can get conditions similar to a penny account environment in a micro-account, where each lot has a contract size of only 1,000 units.。If you use the smallest number of lots on the MetaTrader platform, which is 0.01 lots, then the trader can trade only 10 units per trade。

For deposits,XM applies zero-fee deposits in most of its available payment methods。Traders can choose to deposit and withdraw money by wire transfer, credit card, and the most popular electronic payment options such as Skrill, Neteller, and FasaPay.。

XM also provides Islamic accounts for Muslim traders who comply with Sharia law that prohibits the use of interest-bearing overnight swaps for each currency pair.。In order to provide their customers with the best trading experience, XM has opened access to MT4 and MT5 platforms, each with more than 6 display formats (PC, Mac, Multiterminal, WebTrader, iPad, iPhone, Android and Android tablets).。

In general, there is no doubt,XM has gone global, with its deep commitment to providing trading services worldwide available in more than 15 languages.。In addition to simplifying the trader's experience through mainstream trading platforms and high-quality trade execution, XM is open to all types of traders, from small capital traders to preparing large deposits.

More experienced traders.。Even a penny trading environment for traders if they choose to register under a micro account。

for their global approach,XM has ensured that traders from various countries can easily access their services.。This has resulted in different domain names for traders in specific jurisdictions。For example, traders in Indonesia can access XM through this link。

From a regulatory perspective,XM is licensed by CySEC and FCA。Since its inception, XM Broker has quickly attracted the attention of traders around the world, thanks to its various advantages, such as low spreads, fast service, and other attractive offers。So far, XM claims to have executed a total of 1.4 billion transactions, none of which were repeated or rejected.。

自Since 2011, XM has received enthusiastic responses in Southeast Asia (Malaysia, Singapore, including Indonesia).。More than a million traders from around the world have already traded with XM Brokers, so it wouldn't be surprising if the firm offered its services in more than 20 languages.。This is in line with its mission and dedication to always provide convenience to its customers, including the establishment of a customer support hotline around the clock from Monday to Friday。

XM brokers offer leverage ranging from 1: 1 to 888: 1。However, the leverage options available will largely depend on your assets, trade size and account type。You can always ask XM Broker to change your chosen leverage, increase or decrease your current leverage。

Whenever you start inWhen trading in an XM trading account, they always warn or alert you about the risks of leveraged trading。Even better, the platform provides an option to display a simple dashboard to help you monitor their margin while trading and respond to exposures in a real-time manner。You can observe the used and unused margin, which will combine the equity for your portfolio。Unused margin is the amount you have left in your trading account, and used margin is the trading funds you need to have。

When your account equity falls below50% (margin required to open trading positions), you will receive a margin call warning。A margin call warning is a notification mechanism that tells you that your trading account lacks the equity required to maintain a trading position.。

To protect the client's money,XM also provides a stop-loss level mechanism。When the equity level reaches a certain point, the stop loss level is set to automatically close the customer's floating position。All retail customers, such as XM Ultra-Low accounts, micro accounts or standard accounts, have a stop loss level of 20%。

TransactionShortest execution time

XM's efficient operation and time management ensure that there is absolutely no re-quotation.。From the XM broker, traders can place various types of orders, including stop orders, track stop orders, market orders, and limit orders。In addition, traders who prefer traditional trading can also trade over the phone。They can set and execute their trades during their respective trading hours。

XM's trading hours open and close in sync with each market's active time。This means that, for the forex market, you can trade 24 hours a day, five days a week。This is because when one market is closed, because there are markets in different time zones such as London, Tokyo, Sydney and New York, the other market will open。XM's trading hours start at 22: 05 GMT (Sunday) and end at 21: 50 GMT (Friday)。This applies to website or phone transactions。

24 / 7 multilingual customer support, five days a week

XM Broker offers 24 / 7 phone, email or online chat customer service from Monday to Friday in 30 different languages。This broad language support makes it easy and secure for almost everyone to communicate with XM's dedicated support team。XM also encourages its users to contact customer support whenever they have any questions about the trading platform。

XM is determined to maintain the trust of its customers and strive to achieve perfect scores on customer satisfaction。They understand that reputation and credibility are closely related, so they always pursue and improve their abilities according to their customers' expectations.。

The way they do this is by always keeping an eye on and adapting to the latest technologies and industry trends。XM never compromises anything that might affect customer performance, which helps them deliver tight spreads and optimal execution。

XM's management team has expanded to 120 cities around the world to better understand their customers and partners。XM also places great emphasis on building as human a connection with customers as possible。In order to achieve such interaction, XM brokers often hold seminars around the world。They have conducted hundreds of workshops aimed at providing clients with the necessary skills and knowledge to make better trading decisions.。

Reliable trading platform

XM Broker supports MetaTrader 4 and MetaTrader 5 platforms, providing the most advanced technology, easy to use, and user-friendly interface。Both of these

It is also a popular trading platform.。They provide diversity of transactions, as both applications can be used on a variety of devices, from being installed onSoftware on PC, WebTrader in web browser, to mobile devices。

Instant deposits and withdrawals

XM brokers provide fast payment processing such as deposits and withdrawals, support many types of transfer methods。In this case, traders can choose to top up their accounts through bank transfers, credit cards, or electronic payments such as Skrill and Neteller.。Another feature of XM Broker is the option to offer free (no fee) deposits and withdrawals。

Broad range of trading assets

XM brokers offer options to trade a variety of assets, including precious metals, commodities, equities and energy products。When you register as an XM trader, you will get a dashboard to view all the tools available on the XM broker。Currently, the company allows trading in more than a thousand different financial instruments, including stock indices, energy, cryptocurrencies, commodities, precious metals, individual stocks and foreign exchange.。

In the asset library, you can find1,210 CFDs and 57 pairs of foreign exchange pairs (interracial, primary and secondary)。Feel free to browse the asset library or you can filter the asset library if you want to find specific stocks from a specific country。The assets are distributed in 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 index CFDs and 18 cash index CFDs to choose from.。Finally, XM brokers also allow trading in metals such as silver and gold。

Low point difference

XM uses variable spreads in its platform, mimicking the way the interbank forex market quotes to its customers。The main purpose of this variable spread is to eliminate the need for insurance premiums.。Since regulators typically require brokers offering fixed spreads to pay an insurance premium, they tend to be larger than variable spreads。So, by providing customers with variable spreads, XM brokers successfully avoid these problems。

In addition, the platform offers decimal point pricing for traders。Decimal pricing allows brokers to implement the best prices offered by liquidity providers。This allows traders to get closer spreads and more accurate quotes。

Various types of accounts

This flexibility will help traders meet their unique trading needs and needs。XM brokers have several types of accounts, as follows:

Ultra Low Account

Any trader can use thisXM Ultra Low Account。Please note that the minimum deposit required is $50。There are two sub-options to choose from: Micro Ultra Low and Standard Ultra Low。The difference is that the XM micro ultra-low account has a minimum trading volume of 0.1 hand, each ticket is limited to 100 hands。

In contrast,XM standard ultra-low account requirements are lower, from 0.01 lots of trading volume starts, with a limit of 50 lots per ticket。All traders can have up to 200 pending or open positions in a single time。There is also an option for Islamic accounts, although no balance protection and zero commission are offered。XM ultra-low accounts allow hedging, but no deposit incentives or any trading incentives。

Micro and Standard Accounts

XM micro accounts have more base currencies to choose from, including US dollar, Singapore dollar, Australian dollar, euro, British pound, Japanese yen, Swiss franc, South African rand, Russian ruble, Hungarian forint and Polish zloty。This account type already includes negative balance protection and trading rewards; however, there are no deposit rewards yet。

To open a micro account, a trader must deposit at least5美元。Traders who prefer Islamic accounts can also choose to open an Islamic account type。No commission, 1 hand is 1000 units of any currency。Hedging allowed, minimum trading volume 0 on MetaTrader 4.01 Hands, 0 on the MetaTrader 5 platform.1 hand。Traders can open up to 200 open or pending positions in a single time, up to 100 lots per ticket。

The XM standard account is broadly similar to the XM micro account, except for the number of lots, the minimum trading volume and the maximum number of lots per ticket.。In a standard account, 1 lot is 100,000 units and the minimum trading volume is 0.01 hands, each ticket can reach 50 hands。Other than that, the characteristics of micro and standard accounts are roughly the same。

XM brokers also offer other types of accounts such as stock accounts。The account has a minimum initial deposit requirement of $10,000 and no hedging is allowed。There are no deposit incentives and no trading incentives for such accounts.。The minimum trading volume is 1 lot and the contract size is one share.。The maximum number of lots per ticket depends on the stock.。Traders can have 50 pending or open positions at any one time。

Trading Courses and Market Studies

XM Broker also offers comprehensive research and education features ranging from daily news, research on market conditions, forex seminars, to real-time education with professionals in more than 20 languages。In fact, there is a weekly webinar for novice traders。Webinars are held almost daily and traders can participate。Lectures cover basic and technical fundamentals, trading indicators, how to determine entry and exit, weekly market analysis, etc.。

与Disadvantages of XM for Forex Trading

The disadvantages of XM brokers are as follows:

No.PayPal support。Unfortunately,PayPal is not an option to deposit or withdraw money。This is a disadvantage because PayPal itself is a reliable electronic payment method used by many well-known global companies.。Its security system is also widely recognized and arguably more valued than other electronic payment providers.。

No customer support on weekends。Customer support is not available on weekends as service is only available five days a weekActivities within 24 hours。This means that customers can only ask questions or consult customer support on weekdays, which is a major drawback for a broker struggling to get a perfect score on customer satisfaction。

No cryptocurrency trading。XM used to offer cryptocurrencies as an asset class, but for some reason removed them from its list of tools。As cryptocurrency has become an interesting addition to what most forex brokers now offer, the withdrawal of XM demonstrates its inability to keep up with current market trends, as well as its inability to sustain the capabilities offered by the asset class.。

From the preceding discussion, we can conclude thatThe biggest selling point of the XM broker is its trading reliability in various foreign exchange markets。To maximize customer convenience, XM also offers various versions of the MetaTrader 4 and MetaTrader 5 trading platforms。The main disadvantages come mainly from additional issues that do not directly affect the quality of trading conditions, in addition to the possible lack of customer support on weekends.。

In general,XM is a recommended broker, especially if you are looking for an ideal broker with low minimum deposit requirements。Other low deposit forex brokers can be found in this list。