XM Review; called as the next-generation broker for online forex and commodity trading, XM Global web trade is suitable for beginner and seasoned traders. Traders can get started with the live trading software real account, or check the waters with a demo account platform with $100,000USD of virtual currency.
Display of this particular broker service include auto trading, no hidden fees or commissions or extra cost and fast order executions, with 99.35% taking place in under 1 second.
Company Details
XM Group (XM) is a group of trained online brokers. This account and firm are managed by some third party or you can say Foreign Exchange Regulatory & commission. The company prides itself on things like excellent customer service and a developed approach for every client, no matter their investment goals.
XM Trading Platform
XM offers two trading platforms that are accessible by both real and demo accounts. The multi-award-winning MetaTrader 4 is an extremely forex trading platform that supports stop, limit, market, and trailing orders.
The MetaTrader 5 platform is a multi-asset trading platform, offers access to stocks, stock indices and precious metals. Both platforms are available on Apple and Android devices, makes for a smooth and ease-to-use mobile trading experience.
The Trading approach is providing the best real-time analytics and tips to get more benefits from the market and generate more revenue from that.
Assets / Markets
When you are ready to trade, you simply place an order. Just make sure that you can meet the order limit before you begin paying commissions. You will receive an icon on your trading account to let you know that you have placed an order to buy or to sell. When the market reaches the highest point of leverage, you will make money if your order was successful.
Spreads & Commission
It’s easy to open a Micro Account, Standard Account and XM Zero Balance Account. XM covers all transfer fees and same-day withdrawals with guaranty.
Leverage
Depending on the instrument, the leverage could change from 2:1 to 30:1. This is completely smooth and XM offers its clients the chance to manage their own leverage risk. Margin requirements remain constant throughout the week and never widen at last few days of week or at night.
This leverage applies to clients are registered under the EU regulated entity of the group
XM Mobile Apps
XM is available on the Google play store so you can download easily for your mobile-friendly use. They are both full functional and allow for monitoring and trade on-the-go.
Payment Methods
Conventional KYC regulations, in this users need to provide copy of an official identification document such as a passport or a driver’s license. Also need to provide a recent utility bill dated of the last three months, proof of address.
Deposits which can be made using most major credit cards, electronic payment methods, wire transfer, local bank transfer and more.
Deposits which can be made in any currency and it will be automatically converted into the currency you select as your base currency when opening the account.
All withdrawals which are processed in 24 hours and there are no fees to take your money out of your eWallet.
Demo Account
XM excels in its demo account offering. Users can set up a demo account with just a few details and then get trading along with a virtual balance of $100,000USD. In demo account you will received some amount to make real-time trading on the platform.
.Bonus Deals and Promotions
VPS hosting is also available in the XM Global Package to get unlimited internet service benefits. This VPS is accessible from anywhere and anytime. They claim to neglect downtime and are available across the globe.
XM are also offering commission and fee for free withdrawals and deposits.
As an EU regulated brand, the XM comply with the ESMA ban on bonuses, and the $30 deposit bonus which is no longer available to EU traders.
Regulation and Licensing
XM Global is incorporated under the permission of Trading Regulation in 2007 which also has permission on legal forex trading and stocks. Every part of this regulation contains the Authority of Stock and crypto trading.
