XM has a very advanced platform in Meta Trader 4 and Meta Trader 5. These platforms work for both personal computers, Android mobile devices and also for the IOS operated devices. This gives this platform a versatility factor in usability with various devices. Sign up for Lab Report to get the latest reviews and top product advice delivered right to your inbox. In terms of sound quality, SiriusXM delivered clear audio in our testing.
Let’s not forget, XM also offers to help create unique accounts to suit different traders needs and experience, which is an appreciated lexatrade official site option by traders. ☑️ Standard Ultra accounts require a trade volume of 0.01 minimum and a minimum of 50 lots per ticket.
Solutions For Financial Services
For those who typically engage in telephone trading, the dealers may give a margin call. This is essentially advisement lexatrade official site to either deposit funds or close positions. XM can also help clients create custom-tailored accounts for trading forex.
- Amezing platform for professionals and beginers in trading industry.
- In addition to the live chat, the group gains its success in customer support by educating users with MetaTrader platforms.
- Some of XM’s clients may also be invited to participate in its exclusive invite-only bonuses.
- The trading contests can also be a good mechanism for traders to make money and add to their trading capital.
- XM is a highly regulated forex broker offering 4 account types with a low minimum deposit and no withdrawal fee.
Clients can have a maximum of 200 positions open in one go, or pending together, and a restriction of 100 lots per ticket. On the downside, XM offers only a limited product portfolio of forex and cryptos for traders in Europe. Firstly, XM stands out with its low CFD and withdrawal fees.
Alternatively, traders can opt to access the XM WebTrader through their browser. XM may require copies of your credit card before approving a withdrawal request. Traders should consult the Funds Withdrawal section of the broker website for more details on lexatrade cheating this topic. The XM website is available in 22 different languages, with customer support provided in more than 25 languages. Access to shares CFDs depends on the client’s country of residence. Always check the broker website for the latest information.
Both the live chat and phone support are available 24/5 for convenience. This way, clients do not have to wait to get answers to important questions. You can monitor both the free and used margin, which combine as the equity. The used margin is how much money you must deposit for holding a trade.
The XM Zero account has a $100 minimum deposit, while the XM Ultra-Low account has a $50 minimum. XM does not charge other non-trading fees such as account inactivity fees or deposit and withdrawal fees.
The company shows certain donations made to help the foundation reach its goals. In asurvey, one of the most common actions of governments across jurisdictions is government-issued notices about the risks of investment in cryptocurrency. These are mainly designed to educate citizens about the difference between currencies issued and guaranteed by the state, and those which are not. Trading CFDs on leverage involves significant risk of loss to your capital.
What Instruments Do Accounts Have Access To?
There is lots of information available about the CFD markets and any major news or events. Now while many brokers offer both Forex and CFDs, not all of them provide a CFD bonus to new traders. XM offers not only a welcome bonus but a $30 no deposit bonus. They clearly state that it is non-withdrawable so you are required to trade with it however the profits are withdrawable. This is good news for new traders as it means is that you can open an account and try before you buy. This is because they offer traders both MT4 and MT5 platforms across a multitude of operating systems and devices. With more than 1000 instruments which can be traded on these platforms, including Forex, Stocks CFDs, Commodities CFDs, Equity Indices CFDs and Crypto CFDs, you’ll not be limited on choice.
There is also a live chat service available in several languages for traders to get instant solutions to their issues. C) Traders can also gain XM points, which can be exchanged for cash or for bonuses. This is the XM Loyalty Program, which is only open to Real Account holders. Points can be earned on every lot traded without upper limits, and these points can then be redeemed either for real cash or credit bonus rewards. Become a verified brand rep for Sirius XM and amplify your brand’s voice on Knoji.
These include the USA, the Islamic Republic of Iran, and Israel. Now, it is an industry leader and a well-established investment firm. XM currently has more than 300 professionals, each of whom has long-year experiences within the financial industry. Founded in 2009, XM group provides traders with the full MetaTrader platform suite by MetaQuotes Software Corporation. A wide range of CFD instruments are available to trade on with XM, including 55+ Forex pairs, 26 Indices, 8 Commodities, 1,236+ Stocks, 4 Metals and 5 Energies. There’s no difference between trading assets, tools, or trading speeds for smartphones or tablets and those for desktop PCs.
For desktop trading too, you can use the MetaTrader 4 and 5 platforms; we tested MetaTrader 4. You can only withdraw money to accounts that are in your name.
As an example assume that the interest rates in Japan and the US are 0.25% p.a. Respectively, with an open position, you can either gain USD 6.16 per day or lose USD 6.16 per day, as the rollover calculated as an interest to borrowed currency or earned on the purchased currency. On the other hand, XM has limited portfolio for EU clients, and outside EU clients there is no good investor protection.
Xm Fees & Commission Structure
To get a better understanding of these terms, read this overview of order types. The search functions are OK.You can find assets grouped into various categories. However, we missed the usual search function where you can type in the name of an asset manually. XM accepts customers from all over the world.There are a few exceptions though; among others, you can’t open an account from the USA, Canada, China, Japan, New Zealand or Israel. There is a $15 one-off maintenance fee after 1 year of inactivity, and this is followed by a $5 monthly fee if the account remains inactive.
Traders of all experience levels will appreciate its platforms, flexible lots sizes and no hidden fees or commissions. To sum up, XM is a global broker offering its customers access to over 1,000 instruments over seven asset classes.
So how did we approach the problem of making their fees clear and comparable? We compared brokers by calculating all the fees of a typical trade for selected products. In the sections below, you will find the most relevant fees of XM for each asset class. For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates. On the other hand, XM has a limited product portfolio as it offers mainly CFDs and forex. Its forex and stock index CFD fees are average, and there is no investor protection for clients onboarded outside the EU. From Singapore, been using xm for a few months, no idea what people are saying here.