xmbrokerreview-blog

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Trading facts to know after you’ve opened your trading account at XM

If you are one of those persons who likes to hear what others have to say for a particular product or service before actually purchasing it and if you also want to get involved in Forex trading, chances are you already have an XM trading account opened. Why shouldn’t you’? There are tons of great feedback about this Forex broker to assure their quality of service and the transparency of their terms.

But if you don’t have an account but you want to create one, here’s your time.

Slow down! Don’t rush.

There are few things that you should and need to know before you get involved. And today I’m going to talk about just that. I’ll explain these conditions and explain how these works for you. But before that,you need to make sure you are familiar with some terms, exclusively used in trading, like leverage, pips, etc.

Initial Deposit

If you don’t know already, you can’t open an XM trading account before you deposit the minimum initial deposit amount, which is only 5 USD. As a matter of fact, this is the lowest initial deposit amount for opening a new trading account among other popular Forex brokers. It is almost a fraction of what you need on other Forex broker platforms.

But for most cases, traders don’t go with the least $5. The usual initial deposit amount is around 100-300 USD.

Commissions and Spreads

XM mainly offers their clients variable spreads. A typical one on a commission-free account amount to 1.70 pips on USD/EUR, which is much higher in comparison.

According to me, the most attractive conditions are with Zero accounts. Spread average around 0.10 pips on USD/EUR and a healthy commission of $3.5 for each standard lot traded i.e. each side.

So, basically, the trading cost on XMs Zero account is around 0.80 pips including the commission. And to be honest, this is a great deal. What’s more, you ask? Well, you can open Zero accounts with just a hundred bucks.

For the sake of comparison, Exness, another Cypriot broker pioneer, provides average 0.40 pips spread on USD/EUR with their $5 commission for each standard lot on the ECN accounts, which is available against the initial deposit of $300.

Leverage

Maximum leverage with the Forex broker platform XM is reaching 1:888, which is insanely high. Some jurisdictions in places cap leverage ratio at a lower rate. For example, 1:50 in the USA and 1:100 in Poland.

Also, around the end of the year 2016, CySEC proposed a default leverage, which is 1:50 and it was provided by Cypriot brokers.

The main reason for this type of leverage limits is that the higher the leverage goes, the risk of losses increases, similarly to XMs.

Trading Tools

XM claims to have more than 700 trading tools for their clients. These tools can be used to trade more efficiently, securely, and easily. Before you get started with an XM account, you better know and understand how these tools work and when you should use them.

This is it.

Now you know everything that is necessary for any traders to know before he/she proceeds.

For more info, please visit : XM broker review

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XM Account, more than a CFD & Forex Trading Account

XM has been here for a quite a long time. Their survival in this competitive era proves that they are definitely doing something great. Let me tell you what they are doing better than others. They are acting more than a trading account.

How can a trading account be more than a “trading account”? Seems weird, right. It’s because it is.

Unlike many, XM doesn’t think that their responsibility is only until the traders use the platform for trading. They believe that XM’s responsibility broadens up to where constantmonitoring is a must.

Here are some features of XM that prove, XM is not just some trading platform for CFD and Forex trading who don’t take care of their clients after the investment is done.

1. Access to different Forex market research for free

It is important that you stay up-to-date with everything that has been going into the trading industry. That’s why XM provides you with all the statistical data and market analysis in front of you, without having to hire a professional to analyze them for you.

Not only they prepare the data and market analysis for you but also they offer it for free. If the market analysis didn’t trigger your senses, “free” will.

Once you get the stats, you will be able to invest, withdraw, and purchase with much more efficiency. And all their asking you to look for is the answer on their official site.

2. Access to the Daily Forex Webinars for free

There are webinars happening everywhere in the world. But the problem is, you won’t find these webinars on TV channels anymore. Well, XM has you covered. XM'swebsite is filled with these types of webinars.

3. Videotutorial access

Got any questions regarding a feature? Having problemsdoing something in XM’s platform?

Go to the video tutorial section and get everything in your brain cells. Here you can get anything related to their site UI and how to get things done with the features or products.

You can learn to use any trading tool step by step with their video tutorial guide and this is, of course,free of any type of additional charges.

4. Free Daily Statistical and technical analysis

Numbers and stats are very important when it comes to Forex trading. You cannot predict anything without catching a glimpse of the stats and history.

That’s why XM decided to bestow upon a load of market analysis, statistical data, technical analysis of the currencies and everything on their platform. This number and graphical figures show you exactly how your favorite asset is doing in the international market. And they do it for every single day.

If this is not caring for your customers, then what is?

5. 24/5 Live support

Another trait of how much XM cares about their clients is their weekly 5 days of continued live support to their customer for any type of problem.

Just let the support team know and your problem will be solved. Their 24 hours service team is very impressive in giving dedicated time to each customer, considering their huge user base.

Undoubtedly, an XM account is more than a CFD and Forex trading account. It is a whole package ready for your trading aid.

For more info, please visit : XM broker review

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New US Stock CFDs are on MT5 & the expansion of Crypto CFD offering

This March XM proudly informed their clients of the great number of newer USA stock CFDs being made available for trading on their MetaTrader 5 platform of XM.

They are always alert about their customers’ responses and feedback. That’s why based on their customers’ feedback, XM added these USA stock CFDs to their MT5 platform.

These newly added stocks are from some of the most well-known companies in US, which is why they are an important addition to the already-enriched stocks offered for trading as CFDs or CONTRACT FOR DIFFERENCEs on their multi-asset MetaTrader 5 trading platform.

Opening a MetaTrader 5 account is now easier. Their customers who currently own an MT4 trading account but would like to trade stock CFDs along with Forex are welcomed by their easy account-opening of MT5 without having the need for any type of additional validation. XM lets theirclients own an MT5 and an MT4 account at the same time and lets them trade multiple financial tools and instruments.

Demo MT4 account holders who are looking forward to start trading stock CFDs, can easily open a demo MT5 account and eventually expand their trading portfolio by trading with these newly released stocks from several giant US companies.

Another recent newsflash from XM is that they are expanding the Crypto CFD portfolio with their addition to the alt-coins like Ripple, Etherium, Dash, Litecoin as underlying assets.

Some say that the recent addition of these Cryptocurrencies is a good move for people who are into Crypto while others say its future is doubtful like the cryptocurrencies itself.

But now that they are added to their platform, these cryptocurrencies can be traded freely against the US Dollars without any restrictions on their MT5 platform client account. As like the BTC/US Dollar CFDs, which were launched last year, these new instruments are now tradable with the leverage of up to 1:5 & the lowest trade size of 0.1 lots.

Besides, this leading CFD and Forex broker announced their low commission rate for Zero Accounts recently. They announced it last February and from then on, XM will only charge $3.50 for each lot or $100,000, instead of its previous rate of $5 per lot.

The Zero accounts were first introduced in and it offered a tight spread from zero pips, a leverage up-to 1:500 with the ability to choose between EUR, JPY, USD currencies. They can easily trade in more than 55 pairs of currencies; silver and gold, on the MT 4 and 5 platforms, in addition to the VPS service, the popular one-click trading, and most importantly, zero fees for withdrawal and deposits. Hedging is also allowed on XM’s platform.

Their change of rate is entirely caused by the huge popularity of Zero accounts on the XM platform. The company very quickly learned that this account has potential and to get the most out of it, they reduced their charges so more and more people become interested in joining in the platform.

For more info, please visit : XM broker review

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XM Loyalty Program, Is it too good to be true?

XM is never left behind in the race forclient satisfaction. Like every successful company, they treat their customers with care and tryto keep them ontheir platform by offering attractive rewards and gifts. Although it might seem like flattery, but hey, everything is fair when your aim is to keep your clients satisfied and under your service. XM’s loyalty program is something like this.

It is their way to say thanks to their clients and keep them engaged on their platform. And about the program, it is exactly what it says it is, a program for the loyal clients of XM. That means, if you are trading there for a long time, chances are you are already at a high place on their program.

But, before we go to the levels, we should be clear on what the loyalty program that XM is offering is all about.

Basically, when a trader trades on XM’s platform they earn some credit bonuses which areconverted from XM points or XMPs.  These XM points vary depending on the progress levels of the traders. These levels are determined from the number of days the trader is trading on that platform and the number of trades he made.

We will cover this shortly. But another thing you should know is the XM points are given for each lot of trade. Besides, XM also offers a seasonal trading bonus to the traders, which will be available for only a limited period of time. But this bonus is highly exclusive and the only way you can get itis by an invitation from an existing candidate for this seasonal bonus.

Now let’s come to the Levels.

The loyalty status

Loyalty level on this site is referred to as loyalty status. There arecurrently 4 loyalty status levels for their program. These are Executive, Gold, Diamond, and Elite.

Executive: This is the first stage of this program. When a new member joins the platform and starts trading, he is automatically put into the Executive level, which is the basic status for any trader on XM. In this level, each trader gets 10 XMP for each lot of trading. Every trader on XM stays at this level for 30 days.

Gold: Once the trader has passed 30 days on XM’s platform, he’ll get a promotion on the levels and achievesGold status. In this stage, there are a total 13 XM points bonus for each lot. But like the Executive level, this level is also available for a trader for just a month.

Diamond: When the trader stays on XM for at least 2 months, he/she will be forwarded to the next level, which is Diamond status. In this status, only the potential full-time traders can reach the top. That’s why XM offers a total of 16 XM points for each lot.

Elite: And finally, after 100 successful days on XM, a trader gets the highest status, which is the “Elite” level. Here, a trader can earn up to 20 XM points for each lot.

The decision of putting their clients into a system where he/she can feel the benefits of actually being there makes XM a master strategist in marketing. This is undoubtedly one of the best feats that keeps them separate from all the other Forex trading platforms around the world.

For more info, please visit : XM broker review

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XM VPS & How to connect

XM has launched a special service called VPS, this is to help the need of their clients, especially for those who use Expert Advisors. EA (Expert Advisor) is a type of program which automates the trading procedure for a member. This is based on an algorithm and designed to help users.

According to XM, there are certain benefits of using VPS. They are listed down below.

Speed of trade is increased for traders

Optical fiber connection is available

It is possible to access from any location

The service is available 24/7

Perfect for those who use EA

High quality and state of the art hardware and technology

About XM VPS service

The full meaning of VPS is a Virtual Private Server. This is a private server facility provide by XM to its members. The private server is located near their data center in London, it is only 1.5km away from there. Using this service, you will get lots of benefits and your trading experience will reach a new level. You don't have to worry about computer failure, power cuts or the connection speed of the internet. You can start enjoying trading as you start using this service.

Those who use EA will now be able to work easily and nonstop, and they don’t even have to monitor the trading procedures. If you use the XM VPS service, then you will get the access to a server of windows 2012 that has 1.5 GB ram, 20 GB hard disk, and a dedicated CPU power of 600MHz.

Fees for a VPS service

The interesting thing about VPS service is that it can be free for you. That means you don’t have to provide any type of charge for using this service. But there are some requirements needed if you want to avail this free offer. A particular client must maintain at least USD 5000 as equity in the account and they are required to have minimum 5 trade of standard lot in each month. And the last thing you have to know that, they also consider any other trading account if they are registered under the same email address.

But you might be happy to know that you can still use the VPS service even if you don't have the requirements. In this case, the service will not be free, and you will have to pay a monthly charge for that. 28 USD will be charged to those clients every month. The fee will be taken away from their account on the first day of each month.

How can you connect to your VPS?

Step 1 - After you go to the start button option then, in the dialogue box, you have to type “remote desktop connection". Then a result will appear and click on the option that says remote desktop connection

Step 2 – once you enter the Remote Desktop Connection window, you have to type the specific CM VPS IP address that has been given to you. Finally, you have to click the connect button.

Step 3 – after you successfully connect for the first time, it is possible that a security prompt may appear. You will have to confirm that you are wanting to connect.

For more info, please visit : XM broker review

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XM Bonus Program

The XM Bonus Program offers an attractive plan for Real Account clients as a welcome bonus, rewarding them for higher initial deposits. It is one of the most valuable and profitable rewards available.

This offer is available to all clients who have made a deposit and can be claimed within the first 24 hours of that first deposit. Therefore, anyone who is not an XM Zero Account holder is eligible and is encouraged to avail this offer to grab themselves a huge bonus and reap all the benefits that come along with it.

The Welcome Bonus directly adds funds to your account that greatly boosts your trading capabilities after your first deposit. A flat 15% bonus is applied directly to the amount you deposit, which means you automatically get more cash into your account just by making a deposit. For example, if you start with a $2,000 deposit, you get a $300 bonus added to your account. This extends to more significant amounts as well, making huge investments more rewarding and more beneficial in the long run, allowing you to earn as high as $500 in bonuses. Moreover, it helps you to kick-start your trading practices and essentially boosts your morale and confidence going into trades.

The website features an informative table that shows how the bonuses are calculated in different deposit amounts and can be used to make your decision clearer on how much you might want to spend.

One vital thing you need to be wary once you are in the Welcome Bonus plan is about your withdrawals. You can withdraw any profits you made from trading as per usual, but be careful about the amount you actually withdraw because if you start taking in from your basic funds, you start to lose a percentage of your bonus as well. This happens because you no longer meet the criteria you initially met when you started with the bonus plan. So it is imperative that you maintain a base amount in your account in order to prevent losses. The risk is smaller in lower budget accounts, but once again, just like the initial bonuses, the losses scale proportionately. The more you withdraw from a high deposit account, the more money you lose from the bonuses you previously had applied to your account. For example, an account that started out with $1,000 had a bonus of $150. If the client wishes to withdraw $250, a penalty is applied and they lose about 25% of the bonus they had previously had. Similarly, a penalty is applied to other clients that made a larger deposit. A client that initially started out with $2,000 had a bonus of $300 and then decides to withdraw a certain amount. The client once again loses a percentage of their bonus that depends on their initial deposit amount and the amount they have withdrawn. Hence, it is very important that the client checks up on the table provided on the website to inform themselves on how to properly take advantage of the Welcome Bonus.

For more information please visit : XM broker review

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XM Trading Account Types

If you want to get started with XM, you should know about their account types. Primarily XM offers 3 types of account; they are – Micro, Standard, and XM Zero.

Micro – this one is for those traders, who prefer small trading volume.

Standard – some standard trading conditions are associated

XM Zero – this one offers low trading cost from 0.0 pip

Details on Micro account –

Through a micro account with XM, you can start trading trade. You have the option to choose from USD, EUR, GBP, JPY, CHF,‎AUD, HUF, PLN, RUB, SGD, ZAR as your base currency, and the minimum deposit required for a micro account is $5.

The contract size has to be 1000 per 1 lot, or in other words – 1 lot = 1,000. The maximum leverage possible is 1:888 and the spread is variable from as low as 1 pip. But commission is not allowed.

The micro account allows maximum pending orders of 200 positions per client, and the minimum trade volume is 0.01 lots for MT4 and 0.1 lots for MT5. Also, the lot restriction per ticket is 100 lots.

Hedging is allowed for the micro account, and the Islamic Account option is optional.

Details on Standard account -

Through a standard account with XM, you can start trading trade. You have the option to choose from USD, EUR, GBP, JPY, CHF,‎AUD, HUF, PLN, RUB, SGD, ZAR as your base currency, and the minimum deposit required for a micro account is $5.

The contract size has to be 100,000 per 1 lot, or in other words – 1 lot = 100,000. The maximum leverage possible is 1:888 and the spread is variable from as low as 1 pip. But commission is not allowed.

The standard account allows maximum pending orders of 200 positions per client, and the minimum trade volume is 0.01 lots. Also, the lot restriction per ticket is 50 lots.

Hedging is allowed for the standard account, and the Islamic Account option is optional.

Details on XM zero account –

Through an XM Zero account with XM, you can start trading trade. You have the option to choose from USD, EUR, and JPY as your base currency and the minimum deposit required for a micro account is $100.

The contract size has to be 100,000 per 1 lot, or in other words – 1 lot = 100,000. The maximum leverage possible is 1:500 and the spread is variable from as low as 0 pip. But commission is allowed.

The standard account allows maximum pending orders of 200 positions per client, and the minimum trade volume is 0.01 lots. Also, the lot restriction per ticket is 50 lots.

Hedging is allowed for the standard account, and the Islamic Account option is optional.

Now that you know about all the three types of account that XM offers, you should think and decide which one is perfect for you. Firstly consider the benefits of all the three types of account and check which one is more necessary for you.

For more information please visit : XM broker review

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XM The Big Fair and Human Company

When it comes to forex brokers, Trust and reliability is something that you can’t overlook. That’s why only a few Forex brokers in the US who made it to the traders’ “trusted-list” and XM is one of them.

People call XM, the BIG, Fair, and Human broker for all. But why? There has to be some reason. So today I’m clearing why XM is undoubtedly a “big”, “fair”, and “human” trading platform.

BIG

To be honest, XM is Big. There no doubt about that.

This sophisticated and user-friendly Forex broker has over 1,000,000 clients, and they are not only from the US. People from more than 196 countries are trading on XM since its launch in 2009.

Since then, XM grew a lot and became the industry leader. More than 300 professional are on XM who are well-aware of what they are doing and what they need to do. Their massive number of experienced staff is a sign of how big XM has become.

For handling and treating their huge number of customers in need, XM developed their support system for more than 30 languages. And to promote their influence, their management has visited more than 120 cities personally, which shows how dedicated they are towards building a good relationship with their clients,

Fair

I've mentioned it earlier that reliability and trustworthiness are much important in forex trading. And if you don't feel safe about the platform, you might not take the risk trading with it. But XM has overwhelming clients. This proves how reliable and trusted they are to the civil traders.

Regardless of your capital, size of the investment, etc. you are offered a fair and ethical trading experience for everything. By implementing no-rejections or no-quotes, XM is proving its point firmly.

Almost 99.35 percent of the trading process at a time is executed without any "no-rejections and no-quotes." They also hide their clients' funds more securely.

However, the clients on XM are benefitted from the Negative Balance protection. With this feature, you will never lose a penny more than you earned. Besides, their payments are made via 25+ payment method to ensure everyone gets their profit, the way they need.

Human Company

Although it might seem pretty weird to refer to a digital platform for forex trading as "Human Company," the essence of calling XM "Human Company" is legit.

By Human company, the physical public relationship between the company and their clients. Their management is very active in this case. They constantly visit different cities around the globe to ensure that everything between their client and the platform is going well. They host hundreds of seminars where they get to meet the traders face to face and know their thoughts. The team takes opinions from the clients and try building up the platform in a more user-friendly way.

Over the years, new and experienced traders have embraced XM and its super-friendly platform because they always listen to what traders have to say. That's why it won't be a stretch to call them a Human Company.

For more information please visit : XM broker review

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Why choose XM over others

There are probably too many forex brokers out there. Each one of them is trying to grab your attention. But only a few can really highlight themselves among the horde of brokers. XM is one of these shining platform for forex trading that is highly appreciated by the traders all around the world.  

But why choose XM over others?

Here’s a brief XM Broker review and their characteristic assets. Read it out and decide whether you should or shouldn’t go with them.

Licensed & Regulated Broker

It’s better to deal with a Forex broker that is approved by the authority for this kind of stuff. It’s safe and easy to use a Forex broker’s service that doesn’t have any issues with different financial institutions of different countries.

In this case, trading over XM is the safest you can get. XM group is certified and licensed in the UK by FCA under the name “Trading Point of Financial Instruments United Kingdom Ltd”. In Australia, they are known by the name “Trading Point of Fin. Instruments Pty Ltd” and it is approved by ASIC.

They are also approved by IFSC in Belize as "XM Global Ltd", and CySEC approved them in Cyprus under the name “Trading Point of Fin Instruments Limited." So, you shouldn’t be worried anymore because XM is legit and safe to trade on.

Global Recognition

The certification and approval from all those countries should send you a clear message about XM’s reputation globally.

They have clients all over the world, 196 countries to be exact. These clients are from different parts of the world, and they speak different languages, yet, they managed to build a community where they can trade safely.

Besides, their management is definitely praiseworthy because this team visited approximately 120 cities of different counties to figure out what their clients and partners want and need.

Dedicated to the Clients

It is great to see XM dedicating towards the betterment of their clients. At XM, a client is not categorized based on their account type, net capital or the size of his/her investments into the market. XM believes, everyone should be treated equally, irrespective of their capability of investing. That’s why all their customers are served with equal dedication and support.

This is the value that every company should carry along.

Range of Trading Instruments

Why use a broker if it is not smooth and easy to operate?

XM understands the need for an easy and efficient broker to the traders. That’s why, with your XM account, you can choose among Stock Indices, Trade Forex, Stocks, Commodities, Energies, Metal, and even crypto currencies without having to change your account. Their wide range of trading instruments is a lifesaver for many traders.

The XM platform is straightforward and simple to operate compared by many overrated Forex brokers, thanks to the trading instruments of XM group. That’s why people prefer XM’s service over most of the Forex Broker.

Transparency

Transparency is the first and foremost condition to any successful deal, and XM Forex broker knows what it feels to be back stabbed by someone who is meant to benefit you. That’s why XM believes in “What you see is what you get” motto.

Be it in the prices, offers, promotions or anything else, XM gives you exactly what you are promised. No bluff, complete transparency.

Hassle-free Experience

When we are talking about Client satisfaction, their hassle-free experience is what we want to hear.

With XM, users will spill out nothing but "Satisfied." Thanks to their easy deposit, withdrawal, and trading options, clients can easily finish their work and plan the strategy for investment.

For more information please visit : XM broker review

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What tools does XM include and how to take advantage of them

XM provides educational facilities to their customers and a research analysis centre, which is continuously updated with new market trends, events, Forex News, Technical Analysis, Stock Market News, and Special Reports. They are dedicated to educating their customers, solving their trading problems, and keeping them updated with all the information they need about marketing through research. The Research centre also has various analysis videos to help their users understand more about what is going on right now. 

Every XM's user has access to XM's educational centre, which is considered one of the best features being offered today in the Forex industry, providing many different functions, including Complete Video Tutorial (For Beginner and Experienced traders), Free Webinars, Forex Seminars and Forez A-Z courses.

And for users who use the PRO education centre, XM often offers Forex Webinars, Video tutorials and seminars for their customers. These educational features can help traders reduce their losses and earn maximum profits. XM's research zone lets their users get knowledge of Market reviews, Forex News, and Technical Analysis along with updates on the currency market.

The XM free educational course counts with six different chapters for those who are new to online trading or merely want to refresh or update their knowledge about the bare essentials of Forex and be lead through all the steps necessary to master Forex trading.

Chapter 1, Learn Forex, has 13 lessons, it covers the basics of Forex, from "What is Trading?" (Lesson 1), all the way through "Getting Ready" (Lesson 13). Other lessons explain things like Demo Trading, choosing brokers, or trading platform, and other topics.

Chapter 2, Master Technical Analysis, has 19 lessons and explains all the essential elements of technical analysis, types of charts, Fibonacci's Hindu-Arabic numerical system, and many more.

Chapter 3, Build A Winning Trading System, has 7 lessons and explains how to set yourself up in the market, by using chapter's 2 information to make a trading system.

Chapter 4, Trade With Excellence, with 3 lessons, which explains the elements of successful trading, money management, and the essential component of successful trading following the term of "Psychology."

Chapter 5, Fundamental Analysis, with 5 lessons, explains what moves the market makes and the fundamental analysis.Here you might learn about the flow of money, news trading, and economic indicators.

Chapter 6, Major Currency Fundamentals, the last chapter counts with 6 lessons, each lesson talks about the major currencies being used, like the US Dollar (Or USD), the Euro (EUR), the British Punt (GBP) and other currencies.

In addition to the Education Center and Research zone, XM also provides tools to maximise your winning possibilities, like FX Signals, MQL5, Economic Calendar, and FX Calculators. 

New users may also take advantage of XM demo accounts.These accounts let users experiment as long as they want, and do not have an expiry date (But will be closed after 90 days of inactivity since the last login).

These accounts only expose users to virtual risks, they do not give the feel of proper risk management. It is a great option to test the basics.After spending time learning and training, you can open a real trading account fit for beginners with the smallest minimum deposit and flexible leverage.

For more information please visit : XM broker review

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How to invest and trade efficiently with XM Broker

With more than 1 million users since its founding in 2009, it offers operators from more than 196 countries, supports more than 30 languages, has customer support 24/5, and many other things to offer. XM has been growing every day, getting thousands of new users  daily, and more than 100,000,000 trades have been executed since its beginning.

Something that attracts user's attention to XM is the fact that XM is one of the few Forex brokers which offers a $30 trading bonus when you sign up. That is something perfect to start practice trading if you are new (We also recommend you using eToro's demo account that gives you $100,000 in virtual money to practice with).

During your account setup, you'll need to choose which software you're going to trade with. XM offers MT4, MT5, or the Web Trader.If you want to use Web Trader you have to choose MT5. For those who are new to trading, it is recommended to use MT5, as MT4 is the older version of the MetaTrader software, and the main difference between the two is the assets that can be traded. MT5 will be the option for you if you want to exchange stock CFDs, however, if you are used to MT4, then there is no problem in using it.

XM offers three different account types: Micro, Standard, and Zero.

●     Zero accounts let its users trade in the Forex market with as low as nine pips spread, but they will be charged with a small commission based on their trading conditions, the minimum deposit is  $100.

●     Standard account has a contract size of 1 lot being equal to 100,000 and leverage of 1:1 up to 1:888 and as low as one pip spread on all major pairs, and per ticket, there is a 50 lot restriction.

●     A micro account has many base currencies to trade with. The contract size is one lot equal to 1,000, a leverage of 1:1 to 1:888, as low as one pip spread on significant pairs and other exciting features.

The main differences between the accounts are the lot size, and though the Zero account does offer 0 pip spreads, you will have to pay a commission on trades with this account. The standard and micro accounts are best suitable for most users.

With all this done, you will be ready to start trading. You canmake a purchase with as little as $5. So, you won't need to spend a tremendous amount of money to get started trading. But of course, $5 won't give you too much to trade with. It is recommended to start with at least $100, which is the minimum deposit required to start a Zero account.

If you have problems learning about trading, XM offers many kinds of training materials that could be good for you to take advantage of. There are the Metatrader (MT4) tutorials, which are videos explaining how to use XM, which talk you through every step through all the features of the platform. And there is a weekly webinar that XM offers in 18 different languages.

For more information please visit : XM broker review

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Step by step guide on creating an account at XM Broker

Founded in 2009, XM Broker is known for having a prompt and very professional support desk, allowing traders to join from, virtually, anywhere on the planet, and having support agents available for phone calls, on live chats, emails and all top social networks. XM Broker offers customer support in more than ten languages, including English, Spanish, German and French. So everyone may enjoy one of the most well-respected forex sites in the market.

What does MX Broker offer?

XM Broker offers two main types of trading platforms. They use the well-known MT4 (Meta Trader 4) platform and their FX Arena platform. The MT4 and FX Arena platforms are available for Mac and PC as a download app or through WebTrader. Most users prefer to take advantage of WebTrader because clients can access real-time market information at any time.

Do XM Broker charges commissions?

XM Broker does not charge any commissions. Instead, the company makes a profit on the spreads of the trades themselves. There are no hidden fees, and the gains or losses a trader does is the only measure of success.

How to create an account on XM Broker?

Opening an account at XM Broker only requires five steps, and it takes up to 3 minutes to fill out the registration form. As you are about to see, it won't be too hard to open a trading account and start taking advantage of their "MT4" software.

Go     to the XM site and click the button "OPEN AN ACCOUNT".

Enter     necessary information on the registration screen, then click "Move to     step 2." In step two you will provide the following:

●        First name:

●        Last name:

●        Country of residence:

●        City / Town:

●        Phone:

●        E-mail:

Enter     your personal information on the registration screen

●        First name:

●        Last name:

●        Date of birth:

●        Country of residence:

●        Residential address:

●        Postal/Zip code:

●        City / Town:

●        Are you a US citizen for tax purposes?

●        Phone:

●        E-mail:

There are three accounts including; Micro, Standard and Executive accounts in XM Broker. For beginners or anyone who has limited funds, micro accounts will suit them best to reduce risks. Micro trading accounts are available to anyone who opens up a profile for as low as five dollars.

Enter     investor information and account information.

●        Account Type:e.g, Standard (1 lot= 100.000)

●        Investment Amount (USD): Enter your planned investment amount

●        Account Base Currency: e.g. USD

●        Leverage: You can use maximum leverage if selecting 888

●        Your total Estimated Income (USD): Enter the estimated total income  

●        Your total Estimated Net Worth (USD): Enter your estimated net asset

●        Level of Education: Enter your educational background (e.g. High School)

●        Employment Status: Enter your working field

●        Nature of Business: Enter your current job

Enter     your knowledge of trading and click on “OPEN ACCOUNT”.

Due to the laws in several countries, forex brokers are obligated to know the level of trading expertise their clients have. That information will prevent companies from trying to scam their investors and traders. That is why you must disclose your trading experience.

Once you entered all the information needed, a completion screen will be displayed showing a message saying "Congratulations on opening an XM Real Account". And that's it. You will be ready to trade with XM Broker!

For more information please visit : XM broker review