When we start with a new broker, questions like "I should trade with XM?" will always appear. However, choosing to trade on XM is a choice you will never regret. The reasons are as follows: XM is a well-known broker that uses foreign exchange to operate, as well as stock CFDs, commodities and stock indices. Despite its relatively youngness in 2009, its growth rate is dazzling, with more than 500,000 customers worldwide in 2018. As such, it has become one of the most famous trading brokers in the field. It is good for a broker to have a lot of users and gain the trust of a large number of traders, but is it safe for XM brokers ? One aspect of XM's prominence is that it meets all of our requirements in terms of regulations. XM is a Cyprus broker, so its registered organizational unit is CySEC in Cyprus. However, if you don't believe in Cyprus, remember that it is a member of the European Union such as Spain, France or Germany. It is also registered in almost all European regulatory agencies, such as the FCA in the UK, BaFin in Germany, and of course CNMV in Spain. If we join the MiFID in a formal organizational unit, all of its client funds and company funds are kept in separate accounts. We can say that it is the safest and most reliable broker in the world in 2018. One.
After seeing how safe this broker is, it seems clear that when we want to take out the money, it does pay the price. However, there is a problem that needs clarification. One of the advantages of XM is that it offers a new customer a welcome bonus of 25 euros. In other words, if you sign up, you don't need to do anything to get a free 25 Euro. Click on a $ 30 welcome bonus >> Here , however, you must carefully read the regulations and the rules, regulations, this prize is not to be put forward, but we can make our profits obtained after performing minimal operations.
It is a market maker type of broker, so it is a trading desk broker. One of the most compelling aspects of this broker is that they allow leverage to reach 1:500, which is an important point to be mentioned everywhere, especially in its own propaganda. Some users think this is a negative factor because it brings high-risk transactions; however, 1:500 is only the maximum leverage ratio of the account, we can still go from 1:1, 1:10, to the maximum allowed. Choose a different lever. Another most representative aspect is that the execution of the order is done through “market price execution”, so there is no possibility of re-rating or rejecting. Most traders agree that this is worthy of recognition because in many cases, relabeling can undermine profitable trading strategies. XM has different accounts , such as a micro account (with a small amount of hands), a standard account (standard lot size) and a zero account (with a low spread from 0 o'clock, with a $5 commission per transaction of $100,000). All types of robots (Intelligent Trading) allow automated trading in all accounts and allow for any type of trading strategy (including scalping). Most traders believe that scripts and robots are not flawless in XM. Click to view more XM account types >> The commissions here are carefully considered, as the lower the fairness, the better the revenue we will trade. XM does not charge a commission, it is a spread, which is the difference between the price at which the position can be opened and the price at which the position can be closed. XM offers traders two options, fixed spreads or floating spreads. With floating spreads, we can find the lowest spread among CFD dealers. As XM price differences adjust, you don't have to do too much to make a profit. The EUR/USD currency pair coverage is 1.8 points, which is better than most brokers can offer. Another feature is that they claim that they are not99.35% of orders were executed within 1 second . Many traders agree that they have very fast execution speeds and have not reset them. As for the default spreads of XM , they are variable, although they can be fixed by paying extra insurance because fixed premiums are higher. As far as traders' opinions are concerned, they think that there is a lot of diversity. Most people think that the most famous currency spreads are reasonable, but they are quite high in other currency pairs. The XM demo account has no expiration date unless it is not used for more than 120 days. The registration of the demo account takes about 1 minute and is a very simple procedure. When creating a demo account, we can choose the currency, the leverage used and the initial deposit amount. XM brokerage business it is worth saying is that their income and withdrawals are free of management fees. They allow for multiple forms of payment/withdrawal, including credit/debit cards, Moneybookers, Neteller and more.
In addition to XM being a regular online broker, there are many other reasons why they can outperform all recommended stockbrokers today. A variety of negotiable tools, multiple online trading platforms, fast withdrawal processing and highly flexible business conditions are just a big plus. Also worth mentioning is its unlimited demo account and extremely low deposit limit. XM has all the features of a reliable, superior agent for any stock trader and CFD.