The only fee that can be incurred is if you pay less than $ 200 by bank transfer. From xm group our experience with XM, you are with a very secure broker who treats client funds with the highest confidence. This means that the spread (the difference between buying and selling prices) is always the same. The problem here is that high fees or insurance premiums usually have to be paid. In addition, it isn’t easy to guarantee fixed spreads because the stock market does not work on the principle. In the “Standard” and “XM zero accounts”, there are average lot sizes.
MetaTrader 5 represents XM’s advanced platform offering with enhanced capabilities beyond the MT4 foundation. MT5 for PC includes additional timeframes, more built-in technical indicators, and an integrated economic calendar that provides real-time market news and event tracking. MT5 for Mac maintains the same advanced feature set while optimizing performance for Apple’s operating system architecture.
Ultra Low accounts provide the commission-free model’s tightest spreads while maintaining swap-free trading options on over 30 instruments. Zero accounts deliver institutional-level pricing through the commission model, often resulting in lower total costs for high-volume traders despite the per-trade charges. The stocks category offers dual approaches to equity trading depending on trader preferences and regulatory jurisdiction. Through the Shares Account, traders can invest in real company shares from leading US, UK, and German markets, gaining actual ownership of underlying assets with dividend rights.
Trade ideas
- All XM platforms provide comprehensive technical analysis capabilities with extensive indicator libraries, drawing tools, and chart customization options.
- The data contained in this website may not be real-time and accurate.
- Support is accessible through all the usual communication channels, ensuring traders worldwide can get help conveniently.
- Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go.
- The XM Group of companies holds licenses from leading regulators in various jurisdictions, including ASIC in Australia, CySEC in Cyprus, FSC in Belize, and DFSA.
With an impressive collection of over 2,500 reviews on Trustpilot, boasting a score of 4.2, it’s clear that Rational FX has built a reputation for providing reliable and unbiased information. BestBrokers.com is free to use for everyone and it may earn a commission from some of the listed trading platforms with no additional cost to you. To open a standard account with XM, the minimum deposit varies depending on the account type.
- No Dealing Desk execution routes orders directly to liquidity providers, providing ECN-style order processing while maintaining XM’s reliability and support standards.
- Any liability for the direct and indirect consequences of these proposals is therefore excluded.
- To open a trading account with XM, individuals can sign up on the XM website.
XM Account Conditions Score
However, you can use third-party services like Myfxbook or external copy trading platforms that integrate with MetaTrader 4 (MT4) and MetaTrader 5 (MT5) accounts on XM. The minimum deposit at XM is $5, making it accessible for traders of all levels. This low deposit requirement applies to the Micro and Standard accounts, allowing new traders to start with a small investment.
The MT4 and MT5 platforms deliver exceptional execution speeds and advanced charting tools, while the HFM app ensures flexibility for traders on the move. The quality and accessibility of trading platforms often determine a broker’s ability to serve diverse client needs across different devices and trading styles. The $5 minimum deposit ensures accessibility while the 100,000-unit lot structure enables traditional forex trading strategies and position sizing calculations. Standard account holders benefit from swap-free trading options upon request, comprehensive educational resources, and eligibility for bonus programs in qualifying jurisdictions.
Does XM offer negative balance protection?
With a minimum deposit of $10,000 and no leverage, it’s suitable for those looking for stable and long-term stock investments, with the possibility of hedging and specific spread conditions. Client accounts are segregated, meaning client funds do not participate in operational transactions and are kept separate from the broker’s money. All investments are insured by the Investor Compensation Fund, which implies reimbursement of up to 20,000 euros. In addition, the broker protects negative balance, ensuring that traders cannot spend more than they have invested.
XM Trading Platforms
The complete absence of requotes impressed us, many brokers still reject orders during volatility. EU Clients trade under Trading Point of Financial Instruments Ltd (CySEC License 120/10), which we confirmed remains in good standing with no sanctions. Testing from a European IP revealed automatic ESMA restrictions but comprehensive €20,000 investor compensation coverage. Nobody does more to provide you with what you need to maximise your trading potential.
XM offers a range of trading platforms that cater to the needs of different types of traders. Whether you are a beginner or an experienced trader, XM provides reliable and user-friendly platforms to execute your trades efficiently. Our XM Group review team found that this broker outrivals others when it comes to fees and trading costs. XM offers competitive spreads on forex, low trading fees for CFDs, and low non-trading fees. This low-cost approach makes this broker ideal if you are a veteran trader, who tends to trade with more volume or a beginner who is just starting out. XM is one of the few brokers who have a good reputation among clients on Reddit.
With over ten different trading platforms available, XM.com caters to diverse trading preferences and styles. Personal contact with an XM rep can be particularly beneficial for those who appreciate a more individualized approach to account management. The platform also offers many educational and research resources, including free access to forex market research, daily forex webinars, and many video tutorials. The XM.com daily forex market outlook is helpful, helping traders stay updated on market movements. Signing up with the broker is relatively quick but requires account verification.
Compared to rival brokers, XM charges inactivity fees very quickly, however not as expensive as other brokers. XM is regulated by several well-regarded financial authorities, including ASIC (Australia), CySEC (Cyprus), and IFSC (Belize), reinforcing its commitment to regulatory compliance and client fund safety. Yes, XM is available in India and Pakistan, with support for local payments and trading services.
Spreads
The only exception to this is with Wire transfers of less than $200, which incurs a $15 charge. However, many other brokers typically charge up to $25 for all wire transfer withdrawals, regardless of the amount. Disclaimer – BrokerBenchmark.comRisk DisclaimerPlease note that trading and investing in financial instruments, commodities, and other assets involve a high level of risk.
