Global Broker in Forex, Stocks, Indices, Oil and Gold

For those new to trading or wishing totest XM’s platform, the Demo Account offers a risk-free environment withvirtual funds. It allows traders to practice strategies and explore theplatform’s features before committing real capital. This is great for those of you who are fans of auditory learning methods and perhaps less boring than reading complex trading guides. An experienced media professional, John has 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. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers.

I think it is great for finding trading signals and can save you hours by automatically scanning the markets on your behalf. It is also a great solution if you don’t have the knowledge or experience to decide which way the market is moving. There aren’t many brokers who offer Autochartist to you, although GO Markets do. I like how they have a best execution policy to provide the most favourable trading conditions to traders. Collaboration with a range of liquidity providers mean that they can offer some of the lowest spreads with plenty of liquidity at all times.

• XM offers instant, or same-day, withdrawals with no fees for verified and connected accounts.
• These factors combined with a no-requotes and no extra commissions policy ensures that XM Group are amongst one of the best trading brokers you can trade with in my opinion.
• I am impressed with these indicators and certainly see how they can help spot market movements.
• This experience combined with strict regulation and customer service in over 30 languages makes them one of the best forex brokers for traders from all different backgrounds and levels of experience.
• All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.
• The various different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

Popular Forex Broker Reviews

The minimum deposit at XM is just $5,making it accessible to traders with different budgets. Although availability may vary by region,XM offers trading in CFDs on popular cryptocurrencies like Bitcoin, Ethereum,and Litecoin. Cryptocurrency trading enables traders to speculate on thisemerging asset class, though it comes with higher risk due to volatility. Traders can also access a variety ofcommodities, including precious metals like gold and silver, as well as energyproducts like crude oil and natural gas. These instruments provideopportunities to trade based on global economic and geopolitical developments. XM provides a broad selection of over 50currency pairs, including major, minor, and exotic pairs.

They earn from spread variations influenced by market conditions, liquidity, and currency pairs. XM offers tight spreads, with three account types catering to different preferences. Yes, XM offers a free demo account fortraders who wish to practice their strategies or explore the platform withoutrisking real money. The demo account replicates live market conditions,providing a risk-free environment to build trading skills. Since its inception in 2009, XM haspositioned itself as a global leader in the forex and CFD trading space,catering to over 15 million clients across 190 countries.

Zero rejections or requotes on trades.

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. If you are new to trading, I think MT4 is a great platform to get started with.

Futures Fees

• The demo account replicates live market conditions,providing a risk-free environment to build trading skills.
• The XM Ultra Low Account is perfect forcost-conscious traders, particularly those focused on major currency pairs,thanks to its reduced spreads and zero commission fees.
• These rates can be both positive (credited to your account) or negative (debited from your account) and depend on the interest rate differentials between the currencies being traded.
• The forex webinars are available 19 languages, 7 days a week with 65 webinar instructors.
• Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
• I always start on a demo with a new broker just to get a feel for what they have to offer.

Operating as a market-maker, XM directlyprovides liquidity to its clients, enabling fast execution with no requotes orrejections. This ensures that traders can benefit from accurate pricing andcommission-free trading on most account types, while enjoying the reliabilityof deep liquidity pools. XM provides mobile trading apps for both Android and iOS devices, offering intuitive interfaces, real-time charts, technical indicators, and easy order execution. XM provides access to over 1,400financial instruments, including forex, commodities, indices, shares, metals,energies, and cryptocurrencies. Traders can diversify their portfolios acrossvarious markets and asset classes.

XM Tradable Instruments

XM Group has over 450 employees with customer service in over 30 languages available 24/5. Well, in my opinion, 24/5 support is enough xm group as long as they don’t provide cryptocurrencies trading (which is the only market opened 24/7). The XM economic calendar can keep you up to date with the latest news releases which can be filtered according to the currency pairs, dates and impact relevant to your trading. The calendar shows what news is being released, when it is being released and the expected impact that it can have on the market. These factors combined with a no-requotes and no extra commissions policy ensures that XM Group are amongst one of the best trading brokers you can trade with in my opinion.

XM generally does not charge fees for deposits and withdrawals, but additional charges might apply depending on the payment method you use. For example, XM charges fees for deposits and withdrawals via Bank Wire below $200. It’s important to check the broker’s website for the most up-to-date information on deposit and withdrawal fees. XM’s leverage structure, combined withrobust risk management tools, enables traders to optimize their tradingstrategies while controlling their exposure to risk.

Web Trading Apps

With support available in over 30 languages, tradersfrom across the globe can access help in their preferred language. By offering such comprehensiveeducational and research tools, XM ensures that its clients are well-preparedto navigate the markets confidently. XM regularly offers various promotionsaimed at boosting traders’ capital and enhancing their overall tradingexperience. These promotions can be especially beneficial for new clients orthose looking to maximize their trading potential. Bank transfers can take a few business days to clear and XM covers all the charges for bank transfers of $200 or more.

XM Group is authorised and regulated by the Australian Securities and Investment Commission (ASIC) and Cyprus Securities and Exchange Commission (CySEC). This helps to ensure safety of client funds and that they abide by strict regulatory standards with the most sought-after regulators. They are also regulated with the International Financial Services Commission of Belize (IFSC) and the Dubai Financial Services Authority (DFSA). 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. The broker offers a variety of payment methods to cater to traders from around the world.

Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. XM offers instant, or same-day, withdrawals with no fees for verified and connected accounts. Withdrawals via bank wire, credit, or debit card usually take 2-5 business days. Additionally, XM covers all bank transfer fees fortransactions over $200, ensuring that clients are not charged any hidden feeswhen moving funds.