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.
In trading this is called a short position, you borrow an instrument from a brokerage taking on an obligation to buy it back.
You profit on your short position if the price for the instrument drops.
Another way is to trade a CFD, or a Contract for Difference.
You and your brokerage exchange the difference in prices for instruments at the contract’s end.
However, you don’t own the underlying commodities or indices.
Profit from falling prices
CFD (Contract for Difference) product gives you opportunity to make profit from falling prices.
It is one advantage of CFD product.
Stocks, Commodities, Metals, Energies and many other products can be offered in a form of CFD.
Another advantage of CFD product is the “High Leverage”.
Unlike the trading of actual stocks, metals, energies or indices, you can utilize high leverage to manage larger trading volume in your account.
The available leverage is different depending on the broker and financial instruments you trade.
With XM, you can invest in Stocks, Commodities, Equity Indices, Precious Metals, Energies and Cryptocurrencies in a form of CFD.
You can find more information and signup from the Official Website.