XM offers a handful of extra trading tools to optimize trading efficiency for its clients. For instance, forex traders can benefit from the XM forex calculator, an all-in-one tool for currency conversion, pip value, margin and swaps calculations, xm group facilitating quick risk assessment and profit or loss tracking for each trade. Additionally, XM provides clients exclusive technical indicators and access to MQL5 trading signals, which lets you select signals from many providers.
MT4 still has long been the trading platform of choice from all types of trades across the globe. It is well known for its user-friendly interface and abundance of built in trading tools for conducting detailed chart analysis and trading efficiently. XM pioneered offering an MT4 platform with trading execution quality in mind. XM clients can trade on MT4 with no re-quotes, no rejection of orders and with flexible leverage. Whatever your trading style or experience level, MT4 is considered as on of the go to platforms for online trading. XM have a good selection of trading platform video tutorials on their website to help familiarise yourself with MT4.
- While many comments were positive, a notable number were negative, primarily on withdrawals and deposits.
- The global traders enjoy commission-free trade across the three forex trading accounts with a spread as low as 1 pip for major pairs in the Micro and Standard account and 0.6 pip for major pairs in the XM Ultra Low account.
- We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points.
- As a retail foreign exchange trader, the most important factors that affect your trading is trade execution quality, speed and spreads.
- The only exception is the Shares account, which requires a $10,000 minimum investment.
- As a result, such conditions can decrease or increase demand for many consumer services related to these energies.
He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice.
From my experience, execution can play a big part in your trading results, especially if using a scalping strategy. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. Because XM Group believe that with the right tools and guidance anyone can learn to successfully trade the financial markets, they have designed these special video guides to teach all interested viewers everything they need to trade successfully. The brokers primary video series is free to view and learn from for everyone interested in online trading, while access to the Intermediate video tutorials are only available for clients with an XM real account. Furthermore, the XM Group support team is second to none, with 24/7 live chat available which from my experience give very accurate and prompt responses.
That is XM, beyond useless support, yet they reply to positive comments, don’t bother about the negative. The software type a broker uses makes a website either customer-friendly and intuitive, or harsh and not that easy to be used. Thankfully, XM Group offers the best Forex broker platforms that are intuitive and great for daily usage.
Technical
TP level trigger didn’t close the order and the price across 466 pips in gap. They just simple copy-paste the google answer as explanation to sent you away. CFDs on Forex, Commodities, Bonds, Metals, Energies, Shares, Indices and more with ultra-fast execution and quick deposits and withdrawals. Currency trading can be carried out 24 hours a day, from 22.00 GMT on Sunday until 22.00 GMT on Friday, with currencies traded among the major financial centers of London, New York, Tokyo, Zürich, Frankfurt, Paris, Sydney, Singapore and Hong Kong. In order to be able to trade, it is required to open an account and hold currency A and then exchange currency A for currency B either for a long term or a short-term trade, with the ultimate goal varying accordingly. As such, an XM client sells one currency against another at a current market rate.
Industry Outlook and Competitive Positioning
MetaTrader 5 (MT5) takes the famous charting package and the automated trading possibilities to a whole new level. All the features that made MetaTrader 4 (MT4) the platform of choice have been kept and have been upgraded to a more sophisticated back end infrastructure that can support trading on multiple instruments from various asset classes. Clients who choose the MT5 platform have access to a wide range of instruments ranging from currencies, stock indices CFDs, gold and oil CFDs, as well as stock CFDs. Your login details to the MT5 will also give you access to the XM WebTrader in addition to the desktop (downloadable) MT5 and the accompanying apps. Suitable for both beginner and seasoned traders with versatile investment skills and practices, MT4 can be regarded today’s ultimate trading software in virtually every spot of the globe. XM Group provide traders with the popular and use-friendly MetaTrader platforms from MetaQuotes.
XM Live Chat
The biggest advantage that MT5 possesses over its predecessor is its flexibility to offer an extended number of instruments from various asset classes with different settings, all tradable from the same interface and the same trading account. Oil trading is a globalized, 24-hour market, with its prices in constant motion. This makes it an ideal instrument for day traders who look for fast movements and choose CFDs as the easiest way to trade on oil prices. You can trade the most popular forex currency pairs such as the EUR/USD, GBP/USD, USD/JPY, etc.
This is a great way to keep informed with what is going on around the world and why the markets are moving. The pip calculator will help you determine the value per pip in your base currency so that you can monitor your risk per trade with more accuracy. Yes, XM Group is regulated by reputable financial authorities in multiple jurisdictions, CySEC, ASIC, FSC and DFSA. Performance metrics are available to help you select providers that align with your investment goals.
XM Group
In contrast, XM MT5 offers an additional 300 CFDs, and with a single login, you can access 8 platforms with over 80 analytical objects. Both MT4 and MT5 are exceptional platforms for multi-asset trading, which aligns with the XM group’s comprehensive approach. There are different trading platforms and flexible trading conditions provided for you to choose from, depending on your needs.
The release of the MetaTrader 4 platform in 2005 was a milestone for MetaQuotes and the online trading community. This was a completely new platform with an absolutely redesigned architecture and the new MQL4 programming language. MetaTrader 4 also featured revolutionary tools for the development, testing, and optimization of trading robots. It was this fourth-generation platform that made algorithmic trading available to the large number of traders from all over the world. The news about the new platform quickly spread around the world, MetaTrader 4 became the de facto standard in Forex trading and provided millions of traders with a reliable working tool.
The Negative Balance Protection feature ensures you don’t risk losing more than your account balance. XM employs advanced encryption protocols to secure clients’ data during information transfer on its website. XM enhances account security with two-factor authentication using SMS or Google Authenticator. The company will not sell or share your data except with your consent or in compliance with judicial requirements. I believe that XM Group understands that clients want fair and transparent trading conditions with the lowest possible spreads and fastest possible execution.
Some of the other important research categories that are factored into our testing include mobile trading accessibility and capability, availability of market research and educational content, and each broker’s overall Trust Score. That said, XM falls behind with its limited pricing, range of markets, and platform offering — none of which can compete with the best brokers in this space. XM Group is a MetaTrader-only broker that offers an outstanding selection of high-quality educational content and market research.
XM prides itself on its exceptional execution speed, with 99.35% of all trading orders executed in less than a second, without re-quotes or rejections. You can choose from 3 different account types that provide flexible trading conditions to meet the needs of both beginner and advanced traders. The minimum deposit required is just $5 whilst you can choose between no commission accounts with marked up spreads or pay a $3.5 commission charge to get variable spreads starting from 0 pips. Leverage depends on the financial instrument traded and on client’s country of residence. They offer an impressive 25+ secure payment methods, 16 trading platforms and 24/5 customer service. I like the fact that they take great pride in being a fair and reputable broker with all clients receiving the same trading conditions regardless of their investment size or trading experience.
A good price makes no sense if your bank or broker cannot fill your order fast enough to get that bid/ask price. By making our world a smaller and more global place, this automatically means that people, goods and services can travel faster and more easily. This also means that a necessity of currencies to be traded against each other is needed in order for this to happen. All these factors have determined a growing forex trading marketplace, which will only continue to grow and become more dynamic, liquid and responsive. For both beginner and professional traders MT5 ensures platform features and functionalities that are in line with the highest expectations of any online investor today.
Overall, XM’s account offerings exhibit versatility and inclusivity, catering to a wide range of traders’ preferences and needs. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.