This Xm.com review was conducted by the team of www.Miniforex.com for those who want to know about how to open a trading account with XM forex broker. Formerly founded in 2009 as Trading Point of Financial Instruments Ltd, XM.com is a regulated Forex broker in the Nation of Cyprus. The company was primarily founded by a group of interbank traders who wanted to progress the level of services in the Forex trading communal. With the brokerage traders nowadays have access to the CFDs, commodities and Forex marketplaces. By the way, XM is also registered with the UK’s Financial Services Authority (FSA) and Federal Financial Supervisory Authority of Germany (BaFin) thus giving extra protection to traders.
Both real and demo account XM customers can trade on as numerous as eight trading platforms that support stop, market, trailing and limit orders, and openly accessible from one account. This speeds up trading operations and provides traders great suppleness to trade from wherever and at any time with ease. At the company the multi-award winning platform MT4 works with an infinite number of real and demo accounts, and Expert Advisors are also maintained.
The presented trading software is as follows: MT4 for Mac; MT4 Terminal; iPhone Trader; Web Trader; iPad Trader; Mobile Trader; Droid Trader. Separately from this, the XM MAM Trader permits multi-account administration to asset/fund managers and numerous account owners with an unlimited usage of EAs and charts.
The broker provide four different account types that are suitable to the requirements of dissimilar investors. Novices to Forex trading who only request to place a small deposit to get ongoing should opt for the XM Micro account with its actual low 5 dollars minimum limit. For those traders who are prepared to progress, the Standard account is accessible, and for high rolling dealers, the Executive trading account is also on provide with its minimum deposit of 100,000 dollars. Islamic traders can advantage from the Islamic trading account which is functioned to Sharia law principles.
XM Demo account
Demo account provided by the broker, traders can exam out their trading approaches without having to risk real money. Every demo account is delivered with 100,000 dollars in virtual money so dealers can try to simulate real trading situations. To open a free demo account visit ForexSQ.com XM.com review page.
Commission & Spreads
Like maximum Forex brokers, XM do not charge any fees or commission. In its place, they charge a spread on trades lead through them. Depending on the account types and instruments, spreads start from as little as 1 pip. There is a select of fixed spread or flexible spread that traders can choose for. To provide their customers with the best probable spreads, the broker also provide fractional pip pricing so values can be quoted to the fifth digit in its place of the normal 4 digit prices.
You can read full XM Forex Trading review at TopForexBrokers.com XM review page. The re-branding exercise is revealing of the detail that the broker is trying to familiarize to the changing market situation. This is a positive move as it displays that the broker is responsive to their customers’ actual requirements. You can use their Android app or IOS app for mobile trading. The “No Requote” policy is an upright method for them to differentiate themselves from other brokers as this is a main problem faced by numerous traders in a fast moving market. Taken as an entire, the company seem like a perfect broker for both experienced and new traders. If you like this Xm review conducted by www.Miniforex.com then please share it on social media networks. You can follow the broker on Google+, Youtube, facebook, twitter and Instagram.