How to trade on xm

Huge forex bonuses

They record user activity and remember stateful information) and they get updated every time you visit a website.

Our team put all their talent, knowledge and energy into developing video tutorials that can serve their true purpose and provide users with exactly what they require: answers. We have gone the extra mile to create an outstanding result: the XM learning tool for traders. Chris A. Zacharia, chief marketing officer

MT4 video tutorials

Our team put all their talent, knowledge and energy into developing video tutorials that can serve their true purpose and provide users with exactly what they require: answers. We have gone the extra mile to create an outstanding result: the XM learning tool for traders.
Chris A. Zacharia, chief marketing officer

Legal: this website is operated by trading point of financial instruments limited with registered address at 12 richard & verengaria street, araouzos castle court, 3rd floor, 3042 limassol, cyprus.

Trading point holdings ltd is the holding company of trading point of financial instruments limited, XM global limited, trading point of financial instruments UK limited, trading point of financial instruments pty ltd, trading point MENA limited.

Trading point of financial instruments limited is authorised and regulated by the cyprus securities and exchange commission (licence number: 120/10).
XM global limited is authorised and regulated by the international financial services commission (IFSC) (000261/106).
Trading point of financial instruments UK limited is authorised and regulated by the financial conduct authority (FRN: 705428).
Trading point of financial instruments pty ltd is authorised and regulated by the australian securities and investment commission (AFSL 443670).
Trading point MENA limited is authorised and regulated by the dubai financial services authority (DFSA) (reference no. F003484).

Risk warning: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.04% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money. Please consider our risk disclosure.

Trading point of financial instruments limited provides investment and ancillary services to residents of the european economic area (EEA) and the united kingdom.

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XM uses cookies to ensure that we provide you with the best experience while visiting our website. Some of the cookies are needed to provide essential features, such as login sessions, and cannot be disabled. Other cookies help us improve our website’s performance and your experience through personalising content, providing social media features and analysing our traffic. Such cookies may also include third-party cookies, which might track your use of our website. You may change your cookie settings at any time.

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Cookies do not transfer viruses or malware to your computer. Because the data in a cookie does not change when it travels back and forth, it has no way to affect how your computer runs, but they act more like logs (i.E. They record user activity and remember stateful information) and they get updated every time you visit a website.

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Why are cookies useful?

We use functional cookies to analyse how visitors use our website, as well as track and improve our website’s performance and function. This allows us to provide a high-quality customer experience by quickly identifying and fixing any issues that may arise. For example, we might use cookies to keep track of which website pages are most popular and which method of linking between website pages is most effective. The latter also helps us to track if you were referred to us by another website and improve our future advertising campaigns.

Another use of cookies is to store your log in sessions, meaning that when you log in to the members area to deposit funds, a "session cookie" is set so that the website remembers that you have already logged in. If the website did not set this cookie, you will be asked for your login and password on each new page as you progress through the funding process.

In addition, functional cookies, for example, are used to allow us to remember your preferences and identify you as a user, ensure your information is secure and operate more reliably and efficiently. For example, cookies save you the trouble of typing in your username every time you access our trading platform, and recall your preferences, such as which language you wish to see when you log in.

Here is an overview of some of the functions our cookies provide us with:

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This website uses google analytics, a web analytics service provided by google, inc. ("google"). Google analytics uses analytical cookies placed on your computer, to help the website analyze a user's use of the website. The information generated by the cookie about your use of the website (including your IP address) may be transmitted to and stored by google on their servers. Google may use this information to evaluate your use of the website, to compile reports on website activity and to provide other services related to website activity and internet usage. Google may also transfer this information to third parties, where required to do so by law, or where such third parties process the information on behalf of google. Google will not associate your IP address with any other data held. By using this website, you give your consent to google to process data about you in the manner and for the purposes set out above.

Trading account types

XM CY trading account types

Micro account

Base currency options

USD, EUR, GBP, JPY, CHF,‎
AUD, HUF, PLN, RUB, SGD, ZAR

Contract size

1 lot = 1,000

Spread on all majors

As low as 1 pip

Commission

Maximum open/pending orders per client

200 positions

Minimum trade volume

0.01 lots (MT4)
0.1 lots (MT5)

Lot restriction per ticket

100 lots

Islamic account

Optional

Minimum deposit

Standard account

Base currency options

USD, EUR, GBP, JPY, CHF,‎
AUD, HUF, PLN, RUB, SGD, ZAR

Contract size

1 lot = 100,000

Spread on all majors

As low as 1 pip

Commission

Maximum open/pending orders per client

200 positions

Minimum trade volume

0.01 lots

Lot restriction per ticket

50 lots

Islamic account

Optional

Minimum deposit

XM zero accounts

Base currency options

USD, EUR, JPY

Contract size

1 lot = 100,000

Spread on all majors

As low as 0 pips

Commission

Maximum open/pending orders per client

200 positions

Minimum trade volume

0.01 lots

Lot restriction per ticket

50 lots

Islamic account

Optional

Minimum deposit

100$

The figures above should only be regarded as reference. XM is ready to create custom-tailored forex account solutions for every client. If the deposit currency is not USD, the amount indicated should be converted to the deposit currency.

You may be new to forex, so a demo account is the ideal choice to test your trading potential. It allows you to trade with virtual money, without exposing you to any risk, as your gains and losses are simulated. Once you have tested your trading strategies, learned about market moves and how to place orders, you can take the next step to open a trading account with real money.

What is a forex trading account?

A forex account at XM is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies.

Forex accounts at XM can be opened in micro, standard or XM zero formats as shown in the table above.

Please note that forex (or currency) trading is available on all XM platforms.

In summary, your forex trading account includes

1. Access to the XM members area

2. Access to the corresponding platform(s)

Similarly to your bank, once you register a forex trading account with XM for the first time, you will be required to go through a straightforward KYC (know your customer) process, which will allow XM to make sure that the personal details you have submitted are correct and ensure the safety of your funds and your account details.

By opening a forex account, you will be automatically emailed your login details, which will give you access to the XM members area.

The XM members area is where you will manage the functions of your account, including depositing or withdrawing funds, viewing and claiming unique promotions, checking your loyalty status, checking your open positions, changing leverage, accessing support and accessing the trading tools offered by XM.

Our offerings within the clients’ members area are provided and constantly enriched with more and more functionalities and therefore giving our clients more and more flexibility to perform changes or additions to their accounts at any given time, without needing assistance from their personal account managers.

Your trading account login details will correspond to a login on the trading platform which matches your type of account and is ultimately where you will be performing your trades. Any deposits/withdrawals or other changes to settings you make from the XM members area will reflect on your corresponding trading platform.

What is a multi-asset trading account?

A multi-asset trading account at XM is an account that works similarly to your bank account, but with the difference that it is issued with the purpose of trading currencies, stock indices cfds, stock cfds, as well as cfds on metals and energies.

Multi-asset trading accounts at XM can be opened in micro, standard or XM zero formats as you can view in the table above.

Please note that multi-asset trading is available only on MT5 accounts, which also allows you access to the XM webtrader.

In summary, your multi-asset trading account includes

1. Access to the XM members area

2. Access to the corresponding platform(s)

3. Access to the XM webtrader

Similarly to your bank, once you register a multi-asset trading account with XM for the first time, you will be requested to go through a straightforward KYC (know your customer) process, which will allow XM to make sure that the personal details you have submitted are correct and ensure the safety of your funds and your account details. Please note that if you already maintain a different XM account, you will not have to go through the KYC validation process as our system will automatically identify your details.

By opening a trading account, you will be automatically emailed your login details that will give you access to the XM members area.

The XM members area is where you will manage the functions of your account, including the depositing or withdrawing funds, viewing and claiming unique promotions, checking your loyalty status, checking your open positions, changing the leverage, accessing support and accessing the trading tools offered by XM.

Our offerings within the clients members area are provided and constantly enriched with more and more functionalities, allowing our clients more and more flexibility to perform changes or additions to their accounts at any given time, without needing assistance from their personal account managers.

Your multi-asset trading account login details will correspond to a login on the trading platform which matches your type of account, and it is ultimately where you will be performing your trades. Any deposits and/or withdrawals or other setting changes you make from the XM members area will reflect on your corresponding trading platform.

Who should choose MT4?

MT4 is the predecessor of the MT5 trading platform. At XM, the MT4 platform enables trading on currencies, cfds on stock indices, as well as cfds on gold and oil, but it does not offer trading on stock cfds. Our clients who do not wish to open an MT5 trading account can continue using their MT4 accounts and open an additional MT5 account at any time.

Access to the MT4 platform is available for micro, standard or XM zero as per the table above.

Who should choose MT5?

Clients who choose the MT5 platform have access to a wide range of instruments ranging from currencies, stock indices cfds, gold and oil cfds, as well as stock cfds.

Your login details to the MT5 will also give you access to the XM webtrader in addition to the desktop (downloadable) MT5 and the accompanying apps.

Access to the MT5 platform is available for micro, standard or XM zero as shown in the table above.

What is the main difference between MT4 trading accounts and MT5 trading accounts?

The main difference is that MT4 does not offer trading on stock cfds.

Can I hold multiple trading accounts?

Yes, you can. Any XM client can hold up to 8 trading accounts of their choice.

How to manage your trading accounts?

Deposits, withdrawals or any other functions related to any of your trading accounts can be handled in the XM members area.

Legal: this website is operated by trading point of financial instruments limited with registered address at 12 richard & verengaria street, araouzos castle court, 3rd floor, 3042 limassol, cyprus.

Trading point of financial instruments limited provides investment and ancillary services to residents of the european economic area (EEA) and the united kingdom.

This website uses cookies

By clicking “continue”, you agree to the default cookie settings on our website.

For more information please read our cookie policy.

This website uses cookies

By clicking “continue”, you agree to the default cookie settings on our website.

Read more, or change your cookie settings.

What are cookies?

Cookies are small data files. When you visit a website, the website sends the cookie to your computer. Your computer stores it in a file located inside your web browser.

Why are cookies useful?

Here is an overview of some of the functions our cookies provide us with:

Verifying your identity and detecting the country you are currently visiting from

Checking browser type and device

Tracking which site the user was referred from

Allowing third parties to customize content accordingly

Platforms

Metatrader 4

XM MT4 - faster and better

XM pioneered the offering of an MT4 platform with trading execution quality in mind. Trade on MT4 with no requotes, no rejections, and leverage ranging from 1:1 - to 30:1.

1 single login access to 8 platforms

Micro lot accounts (optional)

Spreads as low as 0 pips

Trade over 1000 instruments

MT4 for PC

MT4 for mac

MT4 multiterminal

MT4 webtrader

MT4 for iphone

MT4 for ipad

MT4 for android

MT4 for android tablet

Metatrader 5

XM MT5 - 1 platform, 6 asset classes

The XM MT5 offers all the pioneering features that the XM MT4 has to offer, with the addition of 300 CFDS on stocks (shares), which makes it the ideal multi-asset platform. Trade forex and cfds on stocks, gold, oil, equity indices and cryptocurrencies from 1 platform with no rejections, no re-quotes and leverage from 1:1 to 30:1.

1 single login to 7 platforms

Over 80 analytical objects

Market depth of latest price quotes

Over 1000 instruments, including stock cfds, stock indices cfds, forex, cfds on precious metals, cfds on cryptocurrencies, and cfds on energies

MT5 for PC

MT5 for mac

MT5 webtrader

MT5 for iphone

MT5 for ipad

MT5 for android

MT5 for android tablet

Risk warning: FX and CFD trading involves a high risk of loss. T&cs apply

What is a forex trading platform?

A forex trading platform is in essence the software provided by XM to its clients to carry out their trades.

The XM platforms (software) are available for

1. Downloadable windows or mac applications

2. Browser-based (web-based) non-downloadable applications

3. Applications for your smartphone(s)

XM offers forex trading (currency trading) on all its platforms. Our clients can choose the trading account that meets their needs and select the trading platform of their choice during their registration.

XM offers 2 families of trading platforms:

1. The MT4 family of platforms

2. The MT5 family of platforms (which also includes the XM webtrader)

Kindly note that the XM webtrader is part of the MT5 family of platforms and therefore accessible with the login and password a client would use to access the MT5 family of trading platforms.

How can I gain access to any of the XM trading platforms?

To gain access to any of the XM trading platforms, you will need to have a demo or a live trading account. Each unique account provides you with a login number that allows you login to the trading platform that you selected during the registration.

Depending on your needs, you can choose MT4 (FX trading platform) or MT5 (multi-asset trading platform).

What is a multi-asset trading platform?

A multi-asset trading platform is a trading platform that allows clients to trade not only forex but also other asset classes, including cfds on stocks, stock indices, precious metals, and cryptocurrencies.

XM offers clients multi-asset trading on the MT5 platform.

Clients who wish to trade on multiple asset classes, will have to select the MT5 as their platform of choice during registration.

Existing clients who currently have a trading account on MT4 and wish to also maintain an account on the MT5 platform can open an additional account from the XM members area and select MT5 as their platform of choice for their additional account.

Which platform should I choose?

The decision about which platform to choose is clearly based on what a client would like to trade. At XM, clients have the choice to select the MT4 family of platforms or the MT5 family of platforms.

Clients who need the freedom to trade in multiple asset classes, are recommended to choose the MT5 family of trading platforms, which also gives them access to the XM webtrader.

What is the difference between the MT4 platform and the MT5 platform?

The primary difference between MT4 and MT5 is that MT4 is predominantly a forex trading platform, while MT5 is a multi-asset trading platform. This means that MT5 offers not only FX but also trading in stocks, stock indices and precious metals.

How can I deposit to the trading platform of my choice?

To deposit funds to the trading platform you trade on, you will first be required to open a live trading account.

Your live account will give you access to the XM members area, which is were you will be able to deposit and withdraw funds from your trading account.

Any funds deposits and withdrawals, the changes of settings to your account are made via the XM members area, which will all reflect in your trading platform as per the on-screen instructions provided while carrying out these actions in your personal members area.

Can I trade on my smartphone?

Yes, you can. XM offers mobile trading for all its trading platforms, and our clients can download the matching application of their platform of choice for both apple and android devices.

The instructions of how to access the mobile trading platforms can be found on the relevant page of the mobile platform itself on the XM website.

Can I deposit or withdraw to my trading platform from my phone?

Yes, you can. At XM deposits and withdrawals are performed via the XM members area, which is fully functional on all mobile devices and which has been designed with mobile trading in mind.

Are all platforms accessible with the same login/password?

No, they are not. All platforms in the MT4 family are accessible with the same login and password, while all platforms in the MT5 family are accessible with the same login and password.

XM offers 2 families of trading platforms:

1. The MT4 family of platforms

2. The MT5 family of platforms (which also includes the XM webtrader)

Please note that the XM webtrader is part of the MT5 family of platforms and therefore accessible with the login and password a client would use to access the MT5 family of trading platforms.

XM platforms - faster and better

Legal: this website is operated by trading point of financial instruments limited with registered address at 12 richard & verengaria street, araouzos castle court, 3rd floor, 3042 limassol, cyprus.

Trading point of financial instruments limited provides investment and ancillary services to residents of the european economic area (EEA) and the united kingdom.

This website uses cookies

By clicking “continue”, you agree to the default cookie settings on our website.

For more information please read our cookie policy.

This website uses cookies

By clicking “continue”, you agree to the default cookie settings on our website.

Read more, or change your cookie settings.

What are cookies?

Cookies are small data files. When you visit a website, the website sends the cookie to your computer. Your computer stores it in a file located inside your web browser.

Why are cookies useful?

Here is an overview of some of the functions our cookies provide us with:

Verifying your identity and detecting the country you are currently visiting from

Checking browser type and device

Tracking which site the user was referred from

Allowing third parties to customize content accordingly

Getting started trading on XM

XM is a popular forex and commodity trading platform. I've written in the past how I think it's a good choice for professional traders. Brand new traders should stick to a platform like etoro, that also offers copy trading. But if you're used to trading on MT4 and want access to zero pip spreads, then you might find XM the platform for you. I've put together this little guide on getting setup on the platform.

A little background on XM

XM is the brand name of trading point. They've been around since 2009 and are an EU regulated broker. There are over 1,000,000 clients on their platform with over 150,000,000 trades executed. XM prides itself on never having rejected or requoted a single trade.

Creating an account

Practice or real

Before opening account you need to decide whether or not you want to practice trade or use real money. For new traders, I always recommend starting with a practice forex account. This is the best way to learn about trading. Don't ever open a real forex account until you've started making consistently profitable trades in your practice account.

You can open a demo account on etoro with $100,000 in virtual money to practice with.

Taking advantage of a $30 trading bonus

XM is one of the few forex brokers that offer a bonus when you sign up. New accounts will get $30 to trade with. A great way to get started practice trading.

Using MT4 or MT5

During your account setup, you'll need to choose which software you're gonna to trade with. XM offers MT4, MT5, or the web trader. MT4 is the older version of the metatrader software. The main difference between the two is the assets that can be traded. If you want to trade stock cfds then you need to choose MT5. If you want to use the webtrader, you'll also need to choose MT5.

If you're new to trading you may as well use MT5 and I'd only recommend using MT4 if that's what you're used to.

XM account types and leverage

XM offers three different account types – micro, standard and zero.

The main differences between the accounts are the lot size. Although the zero account does offer 0 pip spreads. With the zero account you do need to pay a commission on trades though. I think most people will be best suited with a micro or standard account.

First deposit minimum

You can started trading with as little as $5. So you won't need to dish out a huge amount of capital to get trading. Just bear in mind that you won't be able to do a lot of trading with just $5. I would generally recommend starting with at least $100 if possible.

A zero account requires a $100 minimum first time deposit.

Learning about trading

XM offers extensive training materials that you should take advantage of.

Reivew the MT4 tutorials

Metatrader can be a bit confusing for first time traders. So if you haven't used it before, make sure you review the video tutorials on offer. They walk you through step by step all the features of the platform. If you spend a day going through them, you'll be a much better trader.

Watch the weekly webinar

XM offers weekly webinars in 18 different languages. These are a great way to get trading ideas and keep on top of economic news. You can watch the webinars once you've signed up for an account.

XM also offers extensive news resources with an economic calendar, market reviews and daily outlooks. XM really tries to outdo other broker platforms with education and training.

Disclaimer: etoro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading cfds.

Please note that cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via cfds, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

XM group review

Since it was founded in 2009, XM group has grown to become one of the largest and well-established investment firms with more than 1,500,000 clients worldwide.

XM group provides support for more than 30 languages, while it aims for 99.35% of all its trading orders to be executed in less than one second, with no re-quotes and no rejections.

With clients from more than 190 countries, XM group offers a range of services including currency trading, cfds on equity indices, precious metals, and energies. There are also more than 25+ secure payment methods available to traders, across 16 full feature trading platforms.

XM group is a group of online regulated brokers. Trading point of financial instruments ltd was established in 2009 in limassol, cyprus and is regulated by cysec with license number 120/10. XM global limited was established in 2017 with headquarters in belize and it is regulated by international financial services commission (000261/106)

Used by 700,000+ traders

Established in 2009

Regulated by IFSC, cysec, and ASIC

Min. Deposit from £5

To open a live account, you’ll need a minimum deposit of at least £5. Alternatively, XM group offers a demo account that you can use to practice and familiarise yourself with their platform.

Regulated by cysec (licence: 120/10), and ASIC (AFSL #443670). XM group puts all client funds in a segregated bank account and uses tier-1 banks for this. XM group has been established since 2009, and have a head office in cyprus & belize.

Before we dive into some of the more detailed aspects of XM group’s spreads, fees, platforms and trading features, you may want to open XM group’s website in a new tab by clicking the button below in order to see the latest information directly from XM group.

Full disclosure: we may receive a commission if you sign up with a broker using one of our links.

78.04% of retail investors lose money when trading spread bets and cfds with this provider.

What are XM group's spreads & fees?

Like most brokers, XM group takes a fee from the spread, which is the difference between the buy and sell price of an instrument.

The commisions and spreads displayed below are based on the minimum spreads listed on XM group’s website. The colour bars show how competitive XM group's spreads are in comparison to other popular brokers featured on brokernotes.

XM group
EUR/USD (average: 0.7 pips)	0.1 pips + $10.00	0.09 pips + $5.00	0.1 pips
GBP/USD (average: 1.1 pips)	0.1 pips + $10.00	0.59 pips + $5.00	0.1 pips
USD/JPY (average: 1.1 pips)	0.1 pips + $10.00	0.25 pips + $5.00	0.1 pips
AUD/USD (average: 0.8 pips)	0.2 pips + $10.00	0.17 pips + $5.00	0.2 pips
USD/CHF (average: 2.3 pips)	0.2 pips + $10.00	0.35 pips + $5.00	0.2 pips
USD/CAD (average: 2.9 pips)	0.2 pips + $10.00	0.31 pips + $5.00	0.3 pips
NZD/USD (average: 3.6 pips)	0.3 pips + $10.00	1.1 pips + $5.00	0.3 pips
EUR/GBP (average: 2.4 pips)	0.2 pips + $10.00	1.0 pips + $5.00	0.1 pips

Spreads are dynamic and are for informational purposes only.

As you can see, XM group’s minimum spread for trading EUR/USD is 0.1 pips - which is relatively low compared to average EUR/USD spread of 0.70 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with XM group vs. Similar brokers.

How much does XM group charge to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) with XM group at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $9.85. Here’s a rough breakdown of the fees and how this compares against IG & XTB .

XM group	IG	XTB
spread from :	$ 1.00	$ 6.00	$ 2.00
commission :	$0.00	$0.00	$0.00
total cost of a 100k trade:	$ 1.00	$ 6.00	$ 2.00
$5 more	$1 more
visit XM group	visit IG	visit XTB

All fees/prices are for informational purposes and are subject to change.

What can you trade with XM group?

XM group offers over 261 different instruments to trade, including over 55 currency pairs. We’ve summarised all of the different types of instruments offered by XM group below, along with the instruments offered by IG and XTB for comparison.

FX / currency cfds	XM group	IG	XTB
# of forex pairs offered	55	90	48
major forex pairs	yes	yes	yes
minor forex pairs	yes	yes	yes
exotic forex pairs	yes	yes	yes
cryptocurrencies	no	yes	yes

commodity cfds	XM group	IG	XTB
# of commodities offered	15	34	21
metals	yes	yes	yes
energies	yes	yes	yes
agricultural	yes	yes	yes

index & stock cfds	XM group	IG	XTB
# of stocks offered	160	8000	1606
UK shares	yes	yes	yes
US shares	yes	yes	yes
german shares	yes	yes	yes
japanese shares	yes	yes	yes
see XM group's instruments	see IG's instruments	see XTB's instruments

What’s the XM group trading experience like?

1) platforms and apps

XM group is one of the few brokers that offer both of the metatrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here. The combination of downloadable platforms for both mac and windows allows traders to trade with their device of choice.

XM group also offer mobile apps for android and ios, making it easier to keep an eye on and execute your trades while you are on the move.

Still not sure?

2) executing trades

XM group allows you to execute a minimum trade of 0.01 lot. This may vary depending on the account you open. XM group allows you to execute a maximum trade of 100 lot.

As a market maker, XM group may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.

As a nice bonus, XM group are one of very few brokers that claim to have no requotes, so you don’t have to worry about slippage (your trades being ordered at a different price to what you executed them at).

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.

XM group also offers a number of useful risk management features, such as stop losses (with trailing stops), limit orders negative balance protection price alerts and much more. You can see all of the account features offered by XM group here.

Finally, we’ve listed some of the popular funding methods that XM group offers its traders below.

Trading features:

Allows scalping

Allows hedging

Low min deposit

Offers negative balance protection

Accounts offered:

Demo account

Micro account

Standard account

Zero spread account

Islamic account

Funding methods:

3) client support

XM group support a wide range of languages including arabic, chinese, english, french, german, greek, hindi, hungarian, indonesian, italian, japanese, korean, malay, polish, portuguese, russian, spanish, swedish, thai, and turkish.

XM group has a brokernotes double AA support rating because XM group offer over three languages

4) what you’ll need to open an account with XM group

As XM group is regulated by IFSC, cysec, and ASIC , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:

A scanned colour copy of your passport, driving license or national ID

A utility bill or bank statement from the past three months showing your address

You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore XM group’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with XM group you can visit their website here.

A review & guide to trading with XM

XM group is a group of online regulated brokers. Trading point of financial instruments ltd was established in limassol, cyprus and is regulated by cysec with license number 120/10. Trading point of financial instruments pty ltd was established in sydney, australia and is regulated by ASIC with license number 443670. Let us take a quick look at some of the basic features of this platform which are important to note when considering XM as an online broker.

Trading systems

XM offer a variety of trading platforms, including web trader, MT4 and MT5. Web trader is excellent due to the fact that a client can access real-time market information directly through the website without having the need to download any software. This is ideal for those with limited hard disk space or who wish to access their account through a smartphone.

Metatrader 4 is one of the most popular systems currently in place. Not only are all prices and movements clear, but its user-friendly nature will vastly increase the performance of any trader. It should be noted that both manual and automatic trading options are available through metatrader 4.

Types of accounts

The first level of trading account is known as their micro trading account, which can be opened with $5. This is aimed at those who are learning the forex markets and wish to trade micro lots.

XM group’s standard trading account represents the next level up. As the name suggests, this is the type that is primarily used by seasoned traders who are willing to expose themselves to a moderate amount of risk with standard lots. One of the primary differences with this account is that larger contract sizes are available.

XM zero accounts require a minimum deposit of $100 and offer spreads as low as zero pips, along with XM’s no re-quotes execution policy. It’s important to note that XM charge a total commission of $7 for every $100,000 traded on their zero account.

Demonstration accounts are also available. These are intended for those who wish to try out the platform before making an ultimate decision. Interestingly enough, no less than $100,000 dollars in virtual funds are provided. It should be mentioned that XM also offers islamic accounts for those who wish to trade under the principles of sharia law.

Spreads and commission

As with most online forex brokers, the spreads will depend upon the trading system and the type of account. Spreads can start as low as zero pips (on a zero spread account). An added benefit in regards to these pips is that fractional pricing is available; five digits are provided as opposed to the standard four digits offered in other sites. Both fixed and variable spreads can be chosen by the trader.

There are no commissions charged by XM. Instead, the company makes a profit on the spreads of the trades themselves. There are therefore no hidden fees and the gains (or losses) which a trader makes are quite real.

Underlying assets

There are several different instruments that can be traded through XM. Some of the most popular are:

Forex

Stocks cfds

Commodities cfds

Precious metals cfds

Energies cfds

Equity indices cfds

No EFT trading is supported by this platform.

Reliability and efficiency

XM.Com is considered by many to be one of the most reliable platforms available for those who wish to execute real-time trades (nearly 100% are completed in less than one second). There will be no re-quotes and all figures are as they stand upon the execution of a position. Due to the use of the previously mentioned trading platforms, there is little lag times between the observed prices and their actual market equivalents. However, this will partially rely upon the processing power of one’s computer and its connection speed.

Payment and withdrawal methods

XM group accepts the most commonly used local payment methods today including credit/debit card, neteller, skrill, bank wire transfer, etc.

It should be noted that it’s currently not possible to use paypal to deposit or withdraw funds.

Customer support

XM boasts appreciable levels of client engagement and support. A live chat widget, email and telephone number are offered as standard to clients of all account levels. One of the most interesting features of this support is that (currently) XM provides customer service in no less than 20 different languages. Facsimiles are also able to be sent to four different numbers depending upon one’s physical location. These support services are only available from monday through friday. Any requests put forth during the weekend will be addressed on the next business day.

Conclusion

XM group is quite a popular online broker for traders of all skill levels. Its primary benefits are the high reliability of trade executions, easily manageable platforms, and no order rejection.

Still, there are some downsides to be noted. As mentioned previously, the use of paypal for money transfers is currently not supported. There is little difference (besides the risk and trading volume) of the three account types. Finally, the fact that customer support is only available from monday until friday may slightly aggravate some traders who wish to execute positions during the weekend. XM.Com is nonetheless a powerful online forex broker which should not be overlooked.

Marcus founded brokernotes in 2014 after trying hard to find a broker for himself to trade and struggling to compare brokers like-for-like. You can find more about brokernotes & marcus here.

Cfds are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from www.Xm.Com on 01/01/2021.

XM group not quite right?

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Getting started trading on XM

A little background on XM

Creating an account

Practice or real

You can open a demo account on etoro with $100,000 in virtual money to practice with.

Taking advantage of a $30 trading bonus

XM is one of the few forex brokers that offer a bonus when you sign up. New accounts will get $30 to trade with. A great way to get started practice trading.

Using MT4 or MT5

If you're new to trading you may as well use MT5 and I'd only recommend using MT4 if that's what you're used to.

XM account types and leverage

XM offers three different account types – micro, standard and zero.

First deposit minimum

A zero account requires a $100 minimum first time deposit.

Learning about trading

XM offers extensive training materials that you should take advantage of.

Reivew the MT4 tutorials

Watch the weekly webinar

XM offers weekly webinars in 18 different languages. These are a great way to get trading ideas and keep on top of economic news. You can watch the webinars once you've signed up for an account.

XM also offers extensive news resources with an economic calendar, market reviews and daily outlooks. XM really tries to outdo other broker platforms with education and training.

Disclaimer: etoro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading cfds.

Past performance is not an indication of future results.

Members area access

Use your MT4/MT5 real account number and password to log in to the members area.

New to XM?

Legal: this website is operated by trading point of financial instruments limited with registered address at 12 richard & verengaria street, araouzos castle court, 3rd floor, 3042 limassol, cyprus.

Risk warning: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.04% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money. Please consider our risk disclosure.

Trading point of financial instruments limited provides investment and ancillary services to residents of the european economic area (EEA) and the united kingdom.

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So, let's see, what we have: complete MT4 tutorials developed by XM. Learn how to use metatrader 4 with the most complete series of forex trading videos. At how to trade on xm