XM offers CFDs on 1236 stocks and has no additional commissions. Some users are attracted to the low minimum deposit, but others complain about the broker’s increasing operating costs. XM is one of many online brokers that allows users to deposit a small amount, with a minimum of $5 USD. This means that you can start trading without any additional expenses.
XM offers CFDs on 1236 stocks
XM provides CFDs on stocks in 19 different countries, including Russia, Brazil, Canada, and Australia. In addition, the company offers stocks from numerous European countries and peripheral markets. It also offers major European stock indices. This offers investors a significant upside over its competitors.
XM’s trading platform has a wealth of educational content to help new investors become successful. The company also hosts regular webinars to help clients develop their trading skills. It also provides extensive technical analysis and research. Traders have a choice of four levels of accounts, with the smallest requiring a $5 USD minimum deposit. Micro accounts are also available. These accounts allow traders to have as many as 200 open positions without incurring too much commission.
XM offers over 1,000 instruments across seven asset classes. The company also offers forex trading on over 55 pairs. It does not offer cryptocurrencies. Trading accounts with XM can include a Micro Account, Standard Account, and XM Zero Account. There are no hidden fees or commissions, and each account type offers flexible lot sizes. The company’s platform is also safe and reliable.
XM is a regulated broker. It was founded in Cyprus in 2009, and has branches in the United Kingdom and Australia. It is a member of CySec and ASIC. The company is also regulated by the Financial Conduct Authority in the UK.
XM has an extensive support and education section. It offers educational material on proprietary indicators, and supports social and copy trading from expert advisors. XM prides itself on being a ‘human broker’. Its customer service team is available 24 hours a day, Monday to Friday. In addition, XM enforces three-day rollover strategies, which allow investors to hold open positions for three days.
XM also offers extensive research, which covers a wide range of asset classes and markets. The company’s website features news, bespoke research, technical analysis, the economic calendar, and daily previews of the European open. Its team of twenty market experts regularly updates the website to offer clients the latest information.
It does not offer direct social or copy trading options
Although XM does not offer direct social or replica trading options, it provides quality educational content to its members. The company is one of the few that do not charge its members for using its social trading tools. In addition, it does not charge any additional fees for using its copy trading tools.
It has no additional commissions
When it comes to commission-free CFD trading, XM is a top choice. As a CFD broker, XM has no additional fees to pay other than the spread. XM has a low spread of 0.6 pips (less than one pip = $6.00), which is well below the average for commission-free trading. The spread on index CFDs is also competitive, at 0.7 pips for USD/JPY, and 0.5 pips for EUR/USD. Other currency pairs have higher markups.
XM also offers Islamic accounts. While other brokers charge extra commissions to open Islamic accounts, XM doesn’t. The difference is in the amount of money they charge and the amount they charge. In addition, XM doesn’t charge swap commissions on Futures contracts.
XM is regulated by three leading financial bodies around the world: the Cyprus-based CySEC, ASIC-regulated Australia, and the Belize-based FCS. As a result, they are compliant and trustworthy. Furthermore, XM has no additional commissions or fees on deposits or withdrawals. Furthermore, all customer accounts are separate from brokerage accounts, and they have a negative balance protection option for their clients.
Regulated by CySEC, XM Group is a well-established broker. It has been in business since 2009, which means that the broker is more reliable and trustworthy. However, XM is not a good choice for trading in the United States, Canada, Israel, and Iraq.
To open an account with XM, you must provide an ID proof and residential address verification. You should have a valid passport or driver’s license, as well as a utility bill. You can also open a demo account for free. If you’re an experienced trader, XM is a good choice.
XM offers thousands of competitively priced assets on its trading platform. Its low commissions make it a good choice for high-volume traders. In addition to offering low-cost trading, XM is regulated by several major global laws. For this reason, it’s best to consult a professional if you’re looking for a high-performance Forex broker.
It has a well-staffed research team
XM was founded in 2009 and is operated by Trading Point Holdings Limited, a Cyprus-based trading company. It holds licenses from some of the world’s largest financial regulators. Its operations within the EU are regulated by the Cyprus Securities and Exchange Commission. Despite its young age, XM has built a solid reputation in the UK trading market. Moreover, it operates under the Prudential Regulation Authority and the Financial Policy Committee.
