XM’s demo account sign up is fully digitalized and hassle free.
Traders who wish to test their trading strategies in a mimicked live trading environment without risking their capital. Traders who are evaluating and comparing brokers who would like to explore XM’s trading conditions in a risk-free environment, and. A practice account for beginner traders who wish to improve their trading skills and experience in a risk-free environment using virtual funds. XM offers traders the option of opening a Demo Account on either the Standard or the XM Ultra Low Account which can be utilized in various ways, including, but not limited to the following: Hedging is not allowed on this account. The lot restriction per ticket depends on each individual share. The minimum trade volume on this account is one lot, and. The maximum open and/or pending orders per client is restricted to 50 positions. Commission charges on this account range between $1 and $9 depending on the underlying exchange and the individual share. The spread is according to and as per the underlying exchange. There is no leverage provided on this account. The base currency of this account is solely USD. Lots restriction per ticket of 50 lots on standard ultra and 100 lots on micro ultra. Minimum trade volume on standard Ultra of 0.01 lots and on micro ultra of 0.1 lots, and. Contract sizes as per standard ultra of 1 lot = 100,000 and micro ultra of 1 lot = 1,000. Base currencies including EUR, USD, GBP, AUD, ZAR, and SGD. Lot restriction of 100 lots per ticket. Minimum trade volume of 0.01 lots when using MT4 and 0.1 lots when using MT5, and. Base currencies including USD, EUR, GBP, JPY, CHF, AUD, HUG, PLN, RUB, SGD, and ZAR. The individual features of each account can be viewed as follows: Customer support which is available in multiple language along with provision of a Personal Account Manager, or PAM. #Xm mt4 app free#
Regular intraday market updates along with technical analysis which is made available to traders free of charge. Unlimited access to either Metatrader 4 or MetaTrader 5 trading platforms along with expert advisor, otherwise known as EA, trading. The option to trade with both micro and standard lots. In addition, XM offers traders the following benefits which are standard despite the type of account and which forms part of XM’s superb quality of service: The option of using hedging is allowed on all three accounts. The option of an Islamic Account, which is optional on all three accounts. Negative protection balance is provided on all four account types. Maximum opening and/or pending orders per client restricted to 200 positions. Zero commissions are charged on all three accounts. Leverage which is determined by the account balance where $5 to $20,000 is from 1:1 to 1:888, $20,001 to $100,000 is from 1:1 to 1:200, and $100,001 and more is 1:1 to 1:100 – with the purpose of this being the mitigation of risks. The diversity provided by these account types ensures that traders have access to a trading environment which is competitive yet cost-effective where trading and non-trading costs are concerned while providing traders with the edge they need to facilitate their trading.ĭespite the type of account, there are some features that are included across all three of the four accounts namely the Micro, Standard, and XM Ultra Low Account, these features include: XM provides four different accounts, each with comprehensive features with the purpose of catering for individual traders despite their trading and financial objectives, these include: XM’s trading conditions are spread across four dynamic account types. XM provides traders with competitive and comprehensive trading conditions, tailored to the needs of various traders despite their level of experience, skill, and knowledge. XM is strictly regulated and supervised by ASIC, CySEC, and IFSC, and FCA, respectively which facilitates the trade of several financial instruments spread across numerous assets, including, but not limited to Forex, commodities, cryptocurrency, and various others. Best Discount Forex Brokers ( Reviewed )Īccording to research in South Africa, XM is a well-regulated, reliable, and reputable ECN and STP broker which has been in operating since 2009 with offices based in Australia, Cyprus, Belize, and the United Kingdom.Ī Quick Overview of our XM Account Types Review:.
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