13
Feb 2025
  • + (202) 2529 5600
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  • customer.service@unitedgroup-ho.com
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  • 5 Samir Sayed Ahmed, Al Manial, Cairo

Choose Your Trading Account

Choose Your Trading Account

This hopefully helps you to find an insight to decide whether you need to open an account and start forex trading with XM broker right now. XM is a broker that has been around since 2009 and now employs more than 300 people. They have a diverse offering of instruments, which caters for the needs of their users in an adequate manner. This includes over 350 CFDs, as well as 57 currency pairs and 5 cryptocurrency CFDs. We pioneered the strict no requotes, no rejections policy that established our reputation. To prevent slippage and keep your strategy aligned with real-time market prices, 99% of all trades are executed in less than one second.

We Give Every Client the Best Possible Trading Experience

You would usually need to fund your XM trading account using traditional methods like bank transfers, credit/debit cards, or e-wallets. From the previous discourse, it can be concluded that the largest-selling point of XM broker is its trading reliability across a diverse range of forex markets. To maximize client convenience, XM has also provided various versions of the MetaTrader 4 and MetaTrader 5 trading platforms. The disadvantages mainly come from additional issues that do not directly influence the quality of trading conditions, except maybe for the lack of customer support for the weekend. XM utilizes a variable spread in its platform, mimicking the way the interbank foreign exchange market offers prices to its clients. The main purpose of this variable spreads is to eliminate the requirement for an insurance premium.

I really like to trade using more than one deposit option, how can I withdraw now? If I withdraw money from my account, can I also withdraw the profit generated from the bonus? If you want to calculate the margin levels, first you need to count the margin that required to open 1 trading. The formula that you can used to find margin is leverage x volume (lot) x current bid/ask price. XM Standard Accounts is pretty much similar to XM Micro Accounts, except for the lot size, minimum trade volume, and maximum lot per ticket. In Standard Account, 1 lot is 100,000 units, the minimum trade volume is 0.01 lots, and each ticket can reach up to 50 lots.

Watch educational videos every weekday and upgrade your trading skills. Get full access to XM services with the top-rated, award-winning XM App. Use your Demo Account and test your trading strategies risk-free with virtual funds in a simulated environment.

The Disadvantages of Forex Trading with XM

XM will never compromise any factor that might affect client performance, and this helps them deliver tight spreads and best execution. If you are looking for a platform that is easy and straightforward to use and that looks after their users, XM could be the right option for you. As they are reliant on MetaTrader for the trading software, you are not going to be surprised by anything on this front. They have a decent welcome bonus, matching your first deposit 100% up to a max bonus of $5,000.

Trading

Other than this, the features of Micro and Standard Accounts are generally the same. When it comes https://traderoom.info/is-xm-a-brokerage-we-can-trust/ to withdrawing from XM, most options will have your withdrawal processed within 24 hours without having a minimum required withdrawal. If you are withdrawing via a bank transfer, then you will have to wait between 2 and 5 business days for it to be processed and there is a minimum withdrawal of $200 in place. The only platform that is offered by XM is MetaTrader, which is an industry standard trading platform.

This is in line with its mission and dedication to always provide convenience for clients, including setting up a customer support line that is available 24 hours every Monday to Friday. To protect the client’s fund in the event of extreme volatility, XM presents each account type with Negative Balance Protection. Minimum deposit of $5 applies to Standard, Micro, and also Ultra-Low Accounts. Traders who open accounts in XM are enabled a condition similar to a Cent Account environment in the Micro Account, in which the Contract Size for every lot is only 1,000 units. If it is applied with the smallest lot size in the MetaTrader platform which amounts to 0.01, it means that traders can go as small as 10 units per trade.

For the deposit, XM applies zero-fee deposits in most of its available payment methods. Traders can choose to fund or withdraw their accounts via wire transfer, credit card, as well as the most favorable e-payment choices like Skrill, Neteller, and FasaPay. As they are completely reliant on MetaTrader platforms, those familiar with the sector can easily utilize the broker as it is similar to a lot of other offerings out there.

Because the fee for trading on each Xm account is also deducted from $ 5, so in my opinion this figure is quite reasonable and normal. From the regulatory perspective, XM is supported by licenses from the CySEC and the FCA. So far, XM claimed to have executed a total of 1.4 billion trades with remarkable zero repeats or rejections. Since 2011, XM has been receiving a warm response from Southeast Asia (Malaysia, Singapore, including Indonesia). More than 1 million traders from all over the world have traded with XM brokerage, so it doesn’t come as a surprise if the company provides services in more than 20 languages.

This XM review gives you all the key facts you need to decide if it’s the right platform for your money. Whenever you need us we’re just a few seconds away, 24/7, in extensive language options. Enjoy low fees, exceptional conditions, and super-fast order execution.

ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. What I got after reading this article is that in making a withdrawal request at the XM broker, the method that must be used for withdrawal must be the method that was used during the initial deposit.

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