XM Broker Review: Features and Advantages of Trading
XM Global has established itself as a trusted broker for traders, offering a wide range of services and innovative solutions. Launched in 2009, the broker has continued to improve trading conditions and offer traders of all levels access to global financial markets. More than 30 awards and more than 10 million satisfied clients testify to the quality of XM Forex Broker‘s services. Users from different countries, including Malaysia, feel comfortable using the platform thanks to the company’s personalized approach. The security and integrity of all financial transactions, opening and closing of trades are regulated by CySec, ASIC and IFSC.
In this review we will take a detailed look at XM’s trading tools and conditions, account types, money management methods and additional features offered by the broker. Special attention will be paid to educational resources and special offers, which are important factors for comfortable and exciting trading.
Trading with XM
Trading and Analysis Tools
Until recently, XM’s trading tools were focused on Forex and CFDs. Currently, over 1000 financial assets are available on the platform, including forex currency pairs (standard, exotic) and cryptocurrencies, CFDs on stocks, stock and sector indices, precious metals and energy, and equities. This variety allows XM traders to diversify their portfolios and employ different trading strategies.
Correct analysis of the market and current trends is necessary for effective trading. That’s why XM Broker offers special analysis tools. After the analysis you will get a comprehensive picture of the market.
- Technical indicators: MACD, RSI, Bollinger Bands and others
- Graphical tools: trendlines, Fibonacci levels, channels
- Economic calendar with important events and their potential impact on the market
- Latest financial news feed
XM Trading also includes fundamental analysis tools such as corporate earnings reports, macroeconomic indicators and industry trend analysis.
Traders need to use these tools to make more informed trading decisions. Technical analysis helps identify trends and potential entry and exit points for trades. Fundamental analysis helps to understand the long-term prospects of assets and the factors that influence their value.
Trading Platforms
XM Global offers traders access to two popular trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms offer reliability and functionality to meet the needs of both novice and experienced traders.
- XM MT4 is a classic platform that is still very popular among traders. The intuitive interface and a wide range of technical indicators and graphical tools allow beginners to quickly customize the platform. If you have trouble understanding the intricacies and nuances of opening and closing trades, you can use an expert advisor.
- XM MT5, a newer version of MT4, offers access to more markets, including stocks and futures, and enhanced analytical tools. Therefore, this platform is chosen by more experienced traders who can open multiple positions on a single trading instrument.
Both platforms support automated trading and offer the ability to test strategies against historical data. In addition, the XM MT4 and XM MT5 mobile apps allow traders to trade on the go.
XM Trading Conditions
XM traders can expect competitive trading conditions. It is important to choose and customize the platform according to your strategy and trading skills in order to achieve the desired profits.
Spreads. The broker offers floating spreads starting at 0.8 pips on the major pairs, which is especially attractive for scalpers and day traders. This is due to the fact that there are no hidden fees with XM Trading. In addition, the fees are either non-existent or minimal.
Leverage. XM Broker offers convenient conditions for using leverage. Users have a choice of account types, where the leverage ratio can be from 1:1 to 1:1000. For Forex pairs it can reach 1:888, which allows traders to open large positions with relatively small capital. However, it is important to remember that high leverage also increases risks.
Negative Balance. XM also offers negative balance protection, which is an important safety factor for traders. This means that you cannot lose more than you have invested, even during sharp market movements.
Accounts Type
Accounts Type | Key Features | Suitable for |
Micro | Base currencies include USD, EUR, GBP and others. Contract size 1 lot equals 1000. Leverage up to 1000:1. Spread from 1.6 pips. Minimum transaction size is 0.1 lot. Minimum deposit is only $5. | Ideal for beginners, it allows trading in small volumes and minimizes risk while learning. |
Standard | Same base currencies as Micro. Contract size 1 lot equals 100000. Leverage up to 1000:1. Spread from 1.6 pips. Minimum transaction size 0.01 lot. Minimum deposit of $5. | Suitable for more experienced traders, it offers more opportunities and a standard set of trading conditions. |
Ultra Low | Base currencies include EUR, USD, GBP and more. Leverage up to 1000:1. Spread as low as 0.6 pips. Minimum transaction size varies. Minimum deposit of $5. | Low spreads make it ideal for scalpers and traders using high-frequency strategies. |
Shares | Base currency is USD only. Contract size is equal to the number of shares. Trading without leverage. Spread according to exchange conditions. Minimum transaction size is 1 lot. Requires higher minimum deposit of $10000. | For traders who are specialists in stock trading and are ready to trade larger amounts. |
Special Promotions and Offers
XM Broker offers its clients a number of attractive promotions and bonuses to make the trading experience more profitable and interesting.
- XM Loyalty Program
The XM Loyalty Program allows traders to earn points for their trading activity. These points can be exchanged for real money to be added to your trading account. You can also upgrade your trading status from XM EXECUTIVE to XM ELITE.
- Challenges and Competitions
XM regularly holds live and demo competitions where traders can test their skills and compete for prizes. Demo competitions are ideal for beginners, allowing them to gain experience without risking real money. Real competitions offer more substantial prizes and the opportunity to make a name for yourself in the trading community.
- Refer A Friend Program
The ” Refer a Friend ” program allows you to earn XM No Deposit Bonus for each invited friend who opens and funds an account. This is a great way not only to expand your trading network, but also to get additional funds for trading.
- XM Bonuses
Every new client of the broker receives a welcome XM bonus of 50% of the first deposit amount. This provides additional funds to start trading and increases the trading potential of beginners.
How to get and how to use
All you need to do is sign up on the broker’s website and meet the requirements for each promotion in order to take advantage of these offers. It is important to carefully read the terms and conditions of each XM bonus. This will help you to maximize their use in your trading strategy.
XM Deposit and Withdrawal
XM Global offers convenient ways to manage funds in your trading account. Follow the steps below to deposit funds into your account:
- Login to XM. If you don’t have an account, go through a quick sign-up process.
- Select the “Recharge Account” option.
- Select your payment method and enter the amount you wish to fund. Note that the minimum deposit amount varies depending on the account and payment method you choose.
- Follow the instructions to complete your transaction.
XM offers a variety of payment methods, including wire transfer, credit/debit cards, and e-wallets. The method you choose will depend on your location and preferences.
Additional XM Features
Educational Resources
XM Forex Broker offers an extensive database of educational resources to help traders of all levels improve their skills. These resources include:
- Video lessons on trading fundamentals and advanced strategies
- Webinars by experienced traders and analysts
- E-Books on various aspects of trading
- Daily market analysis
Customer Support
XM traders can expect high quality customer support. The support team is available 24/5 and offers assistance in multiple languages including English, Chinese, Malay and more. Customers can get help through email, live chat on the XM website, and a feedback form on the website.
FAQ
Yes, you can use an XM Demo Account to practice trading and learn how to trade. This type of account has no time limitation. However, if you do not trade actively for 90 days, the account will be automatically closed.
XM Forex Broker offers a wide range of trading assets. Traders can trade Forex currency pairs, CFDs on stocks, indices, commodities and precious metals. Cryptocurrency trading via CFDs is also available.
Yes, XM offers leverage to its clients. The maximum leverage can be up to 1:1000 on some account types, but may vary depending on the account type and instrument traded.
XM Trading has a transparent policy regarding fees and commissions. Most deposits and withdrawals are made without brokerage fees. However, some payment systems may charge their own fees.