FP Markets and XM Group are the most popular brokers in the forex industry。Both beginners and experienced traders are known for their standard accounts offering the best exchange rates。Here's all you need to know about these accounts。

FP Markets

You can trade a variety of financial products through FP Markets, including Forex, Stocks, Cryptocurrencies and CFDs。This established and registered broker gives you access to over 10,000 different financial assets to trade on numerous global markets。

They are a broker that has won multiple awards and offers industry-leading trading conditions, including highly advanced platforms, clear pricing, narrow spreads, fast execution speeds and extremely low trading fees。

If you are a day trader interested in trading forex, cryptocurrency and stocks with a reliable broker in a regulated environment, they are one of the best brokers you can work with。

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Maintaining an overnight position will not result in overnight / rollover fees reducing your income, so you don't have to worry about。FP Markets offers the most competitive swap rates in the industry by introducing swap points in the form of real-time swap rate listings on the MT4 and MT5 platforms。For example:

• ACWI: long position is -5.00, the short position is -2.50。
  ADAUSD: long position at -20.00, with a short position of -20.00。
  AGG: long position is -5.00, the short position is -2.50。

监管

Both the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission have granted FP Markets a licence to operate and regulate the company。You can rest assured that you are using a trusted and reputable trading broker who will operate with the utmost integrity and transparency。

If they are required to follow strict rules and regulations because of such strict regulations, they must follow strict rules and regulations。The fact that certain features may be banned due to regulation is the only potential downside that some traders may encounter.。

Platform

You can access international markets and track your investments using any of the industry's leading trading platforms。You can use MetaTrader 4 (MT4) or MetaTrader 5 (MT5), IRESS, Web Trader and mobile apps for iOS and Android smartphones。

The ease of use of the MetaTrader platform and the fact that most brokers offer them are attractive。However, please note that if you decide to move to a broker in the future, the options available to you may be limited by the trading platform you are already familiar with。

Account

Traders of all experience levels can choose from a wide range of accounts offered by FP Markets。Each real account is equipped with variable leverage of up to 1: 500 and uses the ECN pricing mechanism through NY4 Equinix servers in New York City。

This is done to provide you with the narrowest possible spread and the fastest possible trade execution time。Since account inactivity does not incur any charges, you will not be surprised by this class charge even if your account is dormant。

XM Group

XM is an online brokerage firm known as one of the best day trading brokers。The broker also brings a lot of benefits to its traders.。First, traders will have immediate access to features including no re-quotes, narrow spreads, fast execution speed, affordable fees and negative balance protection。

XM is a top broker offering a staggering number of 16 trading platforms, over 1,000 trading tools across 6 asset classes, and a variety of practical financing options that make the process of setting up an account fast and easy。They are one of the most reliable brokers for trading and investing online, especially if you prioritize security and cost-effectiveness.。

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XM Founded in 2009, it is a company called Trading Point of Financial Instruments Ltd..A member of an online brokerage firm。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).。

XMis one of the more experienced brokers in the world of online forex trading today。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 foreign exchange, 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.。

In the Ultra-Low account, the spread of all major currency pairs can be as low as 0.6 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.。

To protect client funds in extremely volatile situations, XM offers 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.。

XMIslamic accounts are also available 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).。

Overall, there is no doubt that XM has gone global, with its deep commitment to providing trading services on a global scale 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 more experienced traders who prepare large deposits.。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。

监管

The Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission have both granted XM Group a licence to operate and supervise the company。This helps keep customer assets safe and ensures that companies comply with strict regulatory standards set by the most sought after authorities。

In addition, the Belize International Financial Services Commission (IFSC) and the Dubai Financial Services Authority are responsible for monitoring and regulating them, and they can be a guarantee of the safety of your funds.。

Platform

The well-known MetaTrader 4 / 5 trading platform for desktop computers (PC and MAC) is one of the options available to XM Group customers from among the 16 available platforms。Online transactions can be done instantly in your browser and without downloading or installing any additional software。

MetaTrader is also available for mobile devices with iOS or Android operating system。If you need to access your trading account from anywhere in the world (even in different countries) on the go, a mobile trading app will be very helpful。

All you need is an internet connection。The most significant difference between MT4 and MT5 is that the former does not offer stock CFD trading, while the latter offers more features and functions than the former。

Account

You can set up three different real account types, each offering flexible trading conditions to meet the requirements of both novice and experienced traders。The minimum deposit required is only $5, you can open a no-commission account with a spread, or pay 3.$5 commission to open a variable spread account in increments of 0 points。

The type of financial instrument traded and the location of the client affect the available leverage。The size of your investment and the way you want to trade is likely to affect the type of account you use.。If you are a scalper, you should consider getting a zero account because it offers the lowest spread, starting at 0 point increments。If you wish to trade for less than $200, you must research the Micro Account or Regular Account option。