Jan 01 2022 0
On the journey in seeking the best forex brokers, you and other traders might have a lot of obstacles to overcome. Based on my experience and wisdom in this market, I nominate XM for the best broker ever place. Though the trading with XM, you will gather a lot of opportunity along with attractive benefits. You are worth for enjoyable trading condition and customer service.
Surprisingly, the minimum deposit at XM is only $5. What a stroke of luck. Are you fascinated by this chance and curious about how XM can do that? Let find the answer through this article.
More details on the full XM review.
Trading costs and trading benefits of XM
It is no doubt that traders frequently put transaction cost in their priority when picking a broker to associate. The lower in transaction cost, the more profits they will earn. The accrued savings by the time can turn into a broad asset for other investments. In case of trading with XM, they particularly provide customers with low, reasonable and equal to the spread of FXCM and Forex.com in comparison. For instance, XM’s spread is just 0.8 pips for the currency pair EUR/USD as Ultra Low account.
For trading as ECN account, XM just charge $6 for the commission. They guarantee to pay you back any rebate after accomplishment of a lot or transaction. In details, with each completed transaction, customers will receive from $3 to $10 (from 0.3 to 1 pip) in return. Because of this, XM’s actually reduce transaction cost to far lower than FXCM and Forex.com ones. Furthermore, you also get the chance to enjoy deposit bonus from XM, continuously reduce the transaction cost and earn up to $5000 from the bonus.
Those are the reasons for numerous professional traders to take XM as the ideal broker for long-term trading.
From a neutral point of view, there are no differences in the ordinary spread and commission provided by XM and other brokers. But, because of the deposit and lot-back bonuses, XM become distinguished and out-standing for you who want to earn more profits.
How much is XM minimum deposit?
In spite of taking a considerable place in the best forex brokers in the world, XM still bring to customers the lowest minimum deposit rate. For instance, it is only $5 for the Micro and Standard account, $50 for Ultra Low account.
What a deal! Open a free XM demo account and try it out now.