Which XM’s account type is the best suited for you?
XM - What's now?
XM has updated the maximum leverage to 1:1000 in June 2022.
Leverage 1:1000 does not apply to client registered under the EU regulated entity of the Group. The maximum leverage for Trading Point of Financial Instruments is 30:1.
- Which XM MT4 and MT5 account type you choose?
- 8 benefits you can get by opening XM account
- Comparison of XM’s 3 main accont types
- Which account type you should use?
- Ultra Low Spread account type for some countries
- Who is XM?
- Why choose XM to invest in Forex?
- Many ways to access the Forex market
- 0.0 pips spreads on EUR/USD and USD/JPY markets
- Free Education for beginners
- Free Integrated Price Charting
- Trade more than 1,000 financial instruments
- Invest with your local currencies
- Unparalleled Liquidity
- Forex Seminars and Analysis
- Latest Technology for XM MT4 and MT5 platforms stability
- Single Click Trading
Which XM MT4 and MT5 account type you choose?
Which XM’s MT4 and MT5 account type you should choose? XM now has Standard, Micro, XM Zero and Ultra Low Spread accounts.
XM Group offers several account types, and you can choose the most appropriate and comfortable account for you!
One of the main objectives of XM is to provide Clients the opportunity to carry out operations in a comfortable and safe way in the international exchange Forex market taking into account needs, experience and financial capacity of every Client.
8 benefits you can get by opening XM account
Although every account type has its own peculiar features, XM offers its Customers the following opportunities no matter what type of account the Customer has chosen:
- To open accounts in several deposit currencies;
- An opportunity to open accounts in Micro and multiple currencies;
- Unrestricted direct access to real liquidity;
- The MT4 and MT5 service of signals, trades copying and other in-demand opportunities for traders;
- The equally high quality of quoting and order processing on all types of accounts;
- Total freedom to choose the strategy and operating procedures (including automatic trading);
- 24/5 technical and consulting Support;
- Full information and analytical support.
Comparison of XM’s 3 main accont types
Mainly, XM offers 3 trading account types as follows:
|Trading Platform||MetaTrader4 (MT4), MetaTrader5 (MT5)||MetaTrader4 (MT4), MetaTrader5 (MT5)||MetaTrader4 (MT4), MetaTrader5 (MT5)|
|Accout Currency||EUR, JPY, USD||AUD, CHF, EUR, GBP, HUF, PLN, RUB, SGD, USD, ZAR||AUD, CHF, EUR, GBP, HUF, JPY, PLN, RUB, SGD, USD, ZAR|
|Execution Type||ECN (Market)||STP (Market)||STP (Market)|
|Minimum Spread||from 0.0 pips||from 1 pips||from 1 pips|
|Trading Commission||$3.5/per Lot||N/A||N/A|
|Minimum Trading Lots||0.1||0.01||0.001|
|Maximum Trading Lots||50||50||100|
|Margin Call %||50%||50%||50%|
|Stop Out %||20%||20%||20%|
|EA (Automated Trading)||Allowed||Allowed||Allowed|
|Islamic (Swap Free)||Optional||Optional||Optional|
|Interest on Margin||None||None||None||Sign up||Open XM Zero Account||Open Standard Account||Open Micro Account|
Which account type you should use?
With XM, you can also open multiple trading account types.
By opening multiple accounts and making deposits to each of them, you can experience the trading conditions of all account types and diversify your portfolio.
XM’s main account types are the “Micro” and “Standard”.
If you haven’t decided which account type you should use mainly, then we have some advises for you.
You might want Micro account type if…
Is Forex a new sphere to apply your intellectual capacity?
Start your big journey into the financial world with Micro trading account which provides safety, exclusive convenience and reliability.
These things are so necessary at the start.
You might want Standard account type if…
Is speed and immediate realization of orders the most important for you in Forex trading?
Standard trading accounts are just what you need.
They are optimized for achieving the highest speed of quoting.
Ultra Low Spread account type for some countries
For some regions, XM offers new account types with even better trading conditions.
These new account types has the same trading conditions as the traditional Standard and Micro account types, but the spreads are much tighter.
Instead of the minimum spread of 1.0 pip, these “Ultra Low Spread” accounts are provided with the minimum spread from 0.6 pips.
No extra commissions or other hidden costs.
Other conditions such as the required minimum deposit amount and the maximum leverage are the same as the traditional ones.
Note that the account types are available only for investors from certain regions.
Visit XM Official Website and find out if you are eligible to open the account type.
Who is XM?
XM is a leading provider of CFD and spot forex trading services throughout Europe, the Middle East, Asia, Africa and Australia.
XM group has separate divisions and a wholly owned subsidiary. Each does specialty business, each under separate names.
This group has received international recognition for its excellence in trading services, software and company growth.
XM is a worldwide leader in online currency trading, and offers online forex trading services worldwide.
XM serves customers in more than 160 countries.
With offices located around the world, XM maintains a global reach to provide not only more personalized support, but also competitive pricing on major and exotic currency pairs.
XM’s software is used by millions of traders, allowing them to trade with the confidence of knowing that they are receiving excellent pricing and service from an established organization with global resources.
XM adheres to strict regulatory guidelines and principles of integrity, and are affiliated with and are members of self–regulating bodies around the world.
Why choose XM to invest in Forex?
As you become more familiar with the forex market, you may notice that other forex firms promote the same features and cookie-cutter trading platforms.
While XM offers standard features such as 24 hour account access 7 days a week on XM MT4 and MT5, consistent spreads on the major currences and regulated status, we feel that their award-winning currency trading platform and value-added services raise the bar for traders who want more features and functionality in the forex market.
- Trade whenever you want, 24 hours a day, 5.5 days per week.
- Large daily trading volumes provide unmatched liquidity through XM MT4 and MT5.
- Control larger positions with up to 400:1 leverage. Without appropriate use of risk management, a high degree of leverage can lead to large losses as well as gains.
- Trade during any market condition, whether prices are rising or falling.
- Low account minimums provide greater market accessibility.
- Multiple order types to help you limit losses and protect profits on both XM MT4 and MT5.
1. Many ways to access the Forex market
In addition to XM’s feature-packed desktop platform, they also provide you with the convenience of trading from anywhere with the web-based platform.
With full-color charting and real-time tradable prices in all three of XM MT4 and MT5 platforms, you’ll have all the information you need to trade, no matter where you are.
2. 0.0 pips spreads on EUR/USD and USD/JPY markets
XM MT4 and MT5 quote the EUR/USD and USD/JPY at 0.0 pips wide during all of the active forex market sessions.
This offering is good for up to US$20 million in direct, single-click trading by the clients.
You will also enjoy tight and consistent spreads on many of the major currency pairs XM offers.
3. Free Education for beginners
XM understands the importance of having complete knowledge of the forex trading software you use to analyze, manage and place your forex trades.
While XM MT4 and MT5 are designed to be very user friendly, you can always learn more about its unique benefits and features to make the most of your trading activities.
To help with this, XM provides you with FREE personalized training with their licensed forex specialists and expert staff to help you become a more knowledgeable and informed forex trader.
4. Free Integrated Price Charting
One of the main advantages of Global Forex Trading is XM MT4 and MT5’s advanced charting capabilities at no additional cost to you.
XM MT4 and MT5 plot tradable, real-time forex prices, giving you a highly accurate representation of the forex market.
Trade visually and quickly react to fast-moving markets by instantly opening, closing and editing your forex orders directly on the charts.
When you trade using XM MT4 and MT5 platforms, you can analyze the market from the same platform that you place your trades, saving you time.
XM MT4 and MT5 also include full-screen charting with real-time price updates.
View market movements for a variety of timeframes, and apply indicators to help you track market trends.
The mobile app version of XM MT4 and MT5 also include full-color charting, so you can monitor the market, even while on the go.
5. Trade more than 1,000 financial instruments
Through XM’s unparalleled relationships with some of the world’s largest banks, you are able to trade almost any foreign currency pair at any time.
From trading the euro or yen to the Polish zloty or New Zealand kiwi, XM MT4 and MT5 offer you a wide range of currencies to trade, with tight and consistent spreads.
6. Invest with your local currencies
XM’s award-winning trading platforms, XM MT4 and MT5 support multiple currencies so you do not need to adjust to trading with an unfamiliar base currency.
Currently, XM MT4 and MT5 accounts support the Canadian dollar, the euro, Japanese yen, Australian dollar, Swiss franc, Great Britain pound, Polish zloty and the U.S. dollar (CAD, EUR, JPY, AUD, CHF, GBP, PLN and USD) denominations.
XM MT4 and MT5 offer you a more natural setting for determining your profits/losses as well as understanding your account statements.
7. Unparalleled Liquidity
With billions of dollars in immediate liquidity available through XM’s relationships with some of the world’s largest financial institutions, XM is dedicated to assuring that spreads remain consistent on the major currency pairs they offer.
XM also provides some of highest standards when it comes to executing your forex trades and placing forex orders of almost any size.
Please note that currency trading is not conducted on a regulated exchange, and as a result there are associated risks with forex trading.
8. Forex Seminars and Analysis
Daily and weekly forex commentary on the major forex markets from leading analysts and sources is provided at no extra cost within XM’s website.
XM continuously adds reputable forex analysts and commentary to provide you with the best fundamental and technical analysis in the forex trading industry.
XM’s forex commentary is offered by leading forex analysts whom have several foreign exchange books to their credit.
9. Latest Technology for XM MT4 and MT5 platforms stability
XM MT4 is a 32-bit Windows application that is independent from the browser.
This proven technology offers you improved stability and error-handling versus other types of trading platforms.
XM MT4 and MT5 were developed using the latest technology, so you get real-time currency pair price updates and Flash-based charting, with no browser refreshing required.
And XM MT4 and MT5 mobile apps use the most recent advances in wireless technology to provide intuitive trading for any mobile device with internet access.
10. Single Click Trading
Speed and accuracy are essential qualities for forex traders.
XM’s powerful online forex trading platforms, MT4 and MT5 offer a variety of sophisticated order options, including single-click dealing.
With high acceptance ratio, you can be confident that with a single click of your mouse you can buy or sell currencies almost instantly.