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.
Each commodity has different lot(pip) values and units.
XM offers 8 commodities and the lot value for each instrument is as below.
|Commodity||1 lot value||Required Margin per lot|
|US Cocoa(COCOA)||1 Metric Ton||USD 70|
|US Coffee(COFFE)||10000 LBS||USD 300|
|US Corn(CORN)||400 Bushels||USD 35|
|US Cotton(COTTO)||10000 LBS||USD 125|
|High Grade Copper(HGCOP)||2000 LBS||USD 100|
|US Soybeans(SBEAN)||400 Bushels||USD 80|
|US Sugar(SUGAR)||10000 LBS||USD 100|
|US Wheat(WHEAT)||400 Bushels||USD 50|
XM requires fixed margin for opening positions of commodities.
If you are not sure about the lot value, you may want to find out by opening a XM demo account.
XM also offers an online calculator in the Official Website.