XM Group (XM) is a network of regulated online brokers. Trading Platform of financial products was founded in 2009 and is supervised by the Cyprus Securities and Exchange Commission (CySec 120/10). Created in 2015, the Trading Point of Financial Instruments Pty Ltd is regulated by the Australian Securities and Investments Commission (ASIC 443670). XM Global is governed by the International Financial Services Commission (IFSC/60/354 / TS/19) and was founded in 2017.
With merchants in 196 countries, the platform has over 10 million users. Anything about being tall, equal, and human is the XM ethos. The organization is proud of aspects like exemplary customer support and a tailored approach to any client, regardless of their investment priorities.
Platform to XM Trading
XM has two trading sites that can be used from both actual and demo accounts. MT4 platform enables trading on currencies, CFDs on cryptocurrencies, CFDs on stock indices, and CFDs on gold and oil, but it does not offer trading on stock CFDs.
MT5 platform have access to a wide range of instruments ranging from currencies, cryptocurrencies CFDs, stock indices CFDs, gold and oil CFDs, as well as stock CFDs. On Apple and Android smartphones, both frameworks are available, allowing for a seamless and easy-to-use mobile trading experience.
Additional discretionary instruments, such as an economic calendar or exchange volume figures, are provided by the trading region.
Resources / Mercantiles
XM Forex broker has over 1000 financial instruments that can be exchanged on MT4 / MT5 sites, including Forex trading, Cryptocurrencies, Stock CFDs, Turbo Stocks, Commodities, Equity Indices, Precious Metals, Energies and Shares.. Over 55 pairs, including the big USD, GBP, EUR, and JPY pairs, are eligible for Forex trading. XM does not offer options or futures for binaries.
Commission & spreads
Depending upon the account you open, spreads vary. A micro account, a regular account, and an account can be accessed. The minimal spread is 0.1 pips for all accounts, and the average spread is 0.1 pips for a major pair, such as EUR / USD.
“XM operates a rigid policy of” no secret payments or commission. Both conversion fees are paid by XM, and same-day withdrawals are assured.
Leverage
At XM clients have the flexibility to trade by using the same margin requirements and leverage from 1:1 to 1000:1. XM’s margin requirements and leverage are based on the total equity in their accounts. This is versatile, and XM provides the ability for its customers to handle their chances of leveraging. During the week, margin criteria remain consistent and seldom extend on weekends or at night. This leverage extends to consumers enrolled under the group’s EU-controlled body.
XM Copy Trading
Unlock a new dimension of trading with XM Copy Trading, where traders can seamlessly follow the strategies of seasoned experts while navigating the risks at their own discretion. The platform provides a transparent view of the performance of some of the most successful traders, allowing users to browse through and select strategies that align with their investment goals.
Within the Copy Trading framework, traders have the flexibility to assume the roles of either an Investor or a Strategy Manager. Investors can cherry-pick strategies to follow, deciding the amount to invest in each, making it an ideal avenue for newcomers looking to engage in the markets, refine their trading skills, and construct personalized strategies. On the flip side, Strategy Managers can craft and share their trading strategies with the community, earning up to a 50% profit share on the gains generated by other traders emulating their strategies.
To delve deeper into the world of XM Copy Trading and explore these exciting opportunities, refer to www.xm.com/social-copy-trading. Elevate your trading experience by leveraging the insights and strategies of seasoned professionals.
XM Competitions
Engaging in the world of online trading has become more thrilling with XM Competitions, offering a dynamic platform for both novice and seasoned traders to showcase their skills and vie for enticing rewards. Whether you’re just starting your trading journey or already an experienced player, these competitions provide a unique opportunity to test your strategies and compete with peers.
As you navigate the challenges, you have the chance to climb the leaderboard, constructing a robust portfolio and amassing a dedicated following. The allure of withdrawable cash, trading bonuses, and tangible prizes adds an extra layer of excitement to the competitions. Standout performers may even find themselves awarded a funded account and the prestigious title of Strategy Manager.
For those eager to dive into this exhilarating trading arena, detailed information about XM Competitions can be found at www.xm.com/social-competitions. Get ready to elevate your trading experience and potentially reap the rewards of your strategic prowess.
Applications for XM
A variety of Android and Apple devices, including Apple iPhone, Apple iPad, and Android tablets, and Android phones, are available for XM. It’s remarkably simple to log in and can be accomplished via fingerprint.
Both of them are completely functional and support on-the-go tracking and trading. The PC and Mac desktop systems all allow one-click trading.
Methods Of Payment
Participants need to have a digital copy of an official identity card, such as a passport or a driver’s license, following traditional KYC regulations. As proof of address, they will need to have a current utility bill dated during the last three months.
The minimum deposit balance is $5 for Micro and Regular accounts until approved.
XM trading platform provide 6 deposit method (Cards, Online Bank Transfer, E-wallet , International Bank wire , Google Pay and Apple Pay) and 4 withdrawal method (Cards, Online Bank Transfer , E-wallet , International Bank wire)
Final Thoughts
XM has a full-service forex training kit, suitable for those taking their first steps in trading.
This is not, though, at the cost of the more advanced practitioner, who still has access to relevant research and unmatched monitoring software. As a business that prides itself on excellent customer service, its consumers are well-served in several multiple languages with help available. Connect with them via their Telegram channel here.
