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XM Review for Beginners 2024

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XM Review & Free Signals for Beginners 2024
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XM Review & Free Signals for Beginners 2024

Minimum deposit

  • 5USD

Trading platform

  • MT4
  • MT5
  • XM App

Regulation

  • ASIC
  • FSC
  • CySEC
  • DFSA

Foundation date

  • 2009
Recommend
0%

XM is a globally recognized online trading platform known for its exceptional service, reliability, and commitment to client satisfaction. Since its establishment, XM has garnered a stellar reputation for providing traders with a diverse range of financial instruments, including forex, commodities, stocks, and indices. The platform’s user-friendly interface, combined with advanced trading tools and comprehensive educational resources, makes it an ideal choice for both beginners and experienced traders. XM’s cutting-edge technology ensures seamless trade execution and robust security, offering a trusted environment for trading with confidence.

What truly sets XM apart is its dedication to customer service and continuous improvement. With a multilingual support team available 24/5, XM ensures that traders from all over the world receive timely and effective assistance. The platform’s transparent and competitive pricing, coupled with its commitment to ethical trading practices, underscores its focus on client success. Additionally, XM’s ongoing investment in innovation and technology means that traders always have access to the latest market insights and trading tools. By fostering a supportive and dynamic trading environment, XM empowers traders to achieve their financial goals and thrive in the world of online trading.

  • XM Broker guarantees 100% execution of orders, 99,35% of orders delivered nearly instantly. No requotes guaranteed;
  • no “markup” on narrow market spreads (broker’s margins over the spread);
  • over 1,000 trading instruments. Available for trading are: more than 55 currency pairs, including CFDs on cross rates, metals (including palladium and platinum), commodities (cocoa, cotton, grain), stocks;
  • no commission for replenishment and withdrawal of money. XM Broker incurs all commission costs of payment systems;
  • around the clock support for 5 days a week in more than 30 languages.
  • passive investment services (social trading platform, PAMM accounts);
  • expanding their limited choice of trading platforms. Despite the fact that the broker offers 16 terminals, all of them are modifications of MT4 and MT5 for desktop, browser and mobile trading.

XM Summary 2024

💻 Trading platform:

  • МТ4, МТ5 (desktop, web, and mobile versions), and XM App for smartphones and tablets

📊 Accounts:

  • XM Ultra Low Micro, XM Ultra Low Standard, XM Zero

💰 Account currency:

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

💵 Replenishment / Withdrawal:

  • Credit/ Debit cards, Skrill, Neteller, International Wire Transfer, Online Bank Transfer, Perfect Money, Apple Pay and Google Pay

🚀 Minimum deposit:

  • $5

⚖️ Leverage:

  • 1:30 (only for EU regulated Entity and AU). For all the other countries - 1:1000.

💼 PAMM-accounts:

  • No

📈️ Min Order:

  • 0,1 lot for Micro and 0,01 lot for Standard and XM Ultra Low

💱 Spread:

  • From 0.6 pips

🔧 Instruments:

  • Currencies, stocks, commodities, stock indices, precious metals, and energies

💹 Margin Call / Stop Out:

  • 100%/50%

🏛 Liquidity provider:

  • n/a

📱 Mobile trading:

  • Yes

➕ Affiliate program:

  • Yes

📋 Orders execution:

  • Market Execution, Instant Execution

⭐ Trading features:

  • There are Islamic accounts; It is possible to connect to the MQL5 trading services.

🎁 Contests and bonuses:

  • Up to 100% Deposit bonus (Not available to the EU Entity of XM)

Trading conditions of XM Broker are ideal for both novice traders and professionals. There are cent, standard and ultra low spreads accounts, loyal minimum deposit requirements, leverage as provided by requirements of the European regulators. To test strategies, get acquainted with the functionality of platforms, mobile app and test their potential, a demo account is provided.

The broker is a market maker in the international financial market. This means that XM Group has direct access to liquidity and can provide traders with the best quotes. Spreads on Ultra accounts are from 0.6 pips. The company guarantees an almost complete absence of slippage regardless of market volatility level and a competitive market spread in moments of sudden price movements.

XM Free Trading Signals

XM SIGNALS

How to get free XM trading signals?

  • Create a XM account through our website link.
  • After registration send us your user ID.
  • If you confirm correct registration through our link you will get lifetime free trading signals.
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Inehub Expert Advice for XM

XM Broker can be safely recommended to those who are interested in professional trading with high order processing speed and optimal level of commission. The first thing worth noting is that it has licenses of four leading regulators in the world simultaneously. These are ASIC (Australia, ACN:164 367 113), FSC (Belize, 000261/397), CySEC (Cyprus, 120/10), DFSA (UAE, F003484).

The second moment is the types of accounts. The broker guarantees the same quality of execution for all types of accounts, which means a minimum of requotes, slippages and instant overlap of orders with counterparty counter transactions. The level of leverage complies with the European standards (including the MiFID directive that all CySEC licensees work in accordance with). There is an average market spread. The maximum leverage for clients registered under the EU regulated entity of the XM Group is 30:1.

Attractive trading conditions for novice traders are also worth noting. The minimum deposit is 5 US dollars; there are cent (micro) accounts with a lot equal to 1,000 units. Thanks to its elaborated service and high-tech platforms, XM Broker is rightfully one of the best companies in the Traders Union rating.

Trade with this broker, if:

  • Platform reliability is of utmost importance to you. The broker has been in the market for many years, operating in 190 countries, and is regulated by three organizations: FSA, ASIC, and CySec.
  • You are willing to learn while trading. XM Group is one of the few brokers that not only provides basic educational materials on its website but also regularly conducts webinars and even offline meetings in 120 cities worldwide.

Do not trade with this broker, if:

  • You do not use MT platforms. This is a common issue with many brokers as they typically support MetaTrader 4 or MetaTrader 5, and rarely offer trading through cTrader, RTrader, or other platforms. XM Group also offers the traditional options..

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The top 10 countries where XM is most frequently used

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Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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