Xm trading

© 2021 XM is a trading name of trading point holdings ltd. All rights reserved. | privacy policy | cookie policy | terms and conditions in addition, functional cookies, for example, are used to allow us to remember your preferences and identify you as a user, ensure your information is secure and operate more reliably and efficiently.

No deposit forex bonuses

For example, cookies save you the trouble of typing in your username every time you access our trading platform, and recall your preferences, such as which language you wish to see when you log in.

Members area access

Use your MT4/MT5 real account number and password to log in to the members area.

New to XM?

Legal: this website is operated by trading point of financial instruments limited, registration number HE251334, with registered address at 12 richard & verengaria street, araouzos castle court, 3rd floor, 3042 limassol, cyprus.

Risk warning: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.04% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money. Please consider our risk disclosure.

Trading point of financial instruments limited provides investment and ancillary services to residents of the european economic area (EEA) and the united kingdom.

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By clicking “continue”, you agree to the default cookie settings on our website.

XM uses cookies to ensure that we provide you with the best experience while visiting our website. Some of the cookies are needed to provide essential features, such as login sessions, and cannot be disabled. Other cookies help us improve our website’s performance and your experience through personalising content, providing social media features and analysing our traffic. Such cookies may also include third-party cookies, which might track your use of our website. You may change your cookie settings at any time.

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In addition, functional cookies, for example, are used to allow us to remember your preferences and identify you as a user, ensure your information is secure and operate more reliably and efficiently. For example, cookies save you the trouble of typing in your username every time you access our trading platform, and recall your preferences, such as which language you wish to see when you log in.

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Metatrader 5 (MT5)

Why XM MT5 is better?

The XM MT5 offers all the pioneering features that the XM MT4 has to offer, with the addition of 1000 CFDS on stocks (shares), which makes it the ideal multi-asset platform. Trade forex and cfds on stocks, gold, oil and equity indices from 1 platform with no rejections, no re-quotes and leverage from 1:1 to 30:1.

XM MT5 features

Over 1000 instruments, including stock cfds, stock indices cfds, forex, cfds on precious metals and cfds on energies.

1 single login to 7 platforms

Spreads as low as 0 pips

Full EA functionality

One click trading

All order types supported

Over 80 technical analysis objects

Market depth of latest price quotes

Hedging allowed

XM MT5 - 1 platform, 6 asset classes

Gain access to the world’s financial markets.

Download the terminal by clicking here (.Exe file)

Run the XM.Exe file after it has downloaded.

When launching the program for the first time, you will see the login window.

Enter your real or demo account login data.

Multi-asset platform for over 1000 instruments

Ability to display 100 charts simultaneously

Supports all order types, including market, pending, stop orders, and trailing stop

Over 80 technical indicators and over 40 analytical objects

Superior built-in MQL5 development environment

Mobile trading for android & IOS

Web trading for windows, mac, linux operating systems

Internal mailing system

Operating system: microsoft windows 7 or higher, the 64-bit version of windows 10 strongly recommended

Processor: with SSE2 support suitable for all modern cpus (pentium 4/athlon 64 or higher)

Other hardware requirements depend on the specific platform use (e.G. Load from running MQL5 applications, number of active instruments and charts)

STEP 1: click start → all programs → XM MT5 → uninstall

STEP 2: follow the on-screen instructions until the uninstall process finishes

STEP 3: click my computer → click drive C or the root drive, where your operating system is installed → click program files → locate the folder XM MT5 and delete it

STEP 4: restart your computer

How can I gain access to the MT5 platform?

To start trading on the MT5 platform you need to have an XM MT5 trading account. It is not possible to trade on the MT5 platform with your existing XM MT4 account. To open an XM MT5 account click here.

Can I use my MT4 account ID to access MT5?

No, you can’t. You need to have an XM MT5 trading account. To open an XM MT5 account click here.

How do I get my MT5 account validated?

If you are already an XM client with an MT4 account, you can open an additional MT5 account from the members area without having to re-submit your validation documents. However, if you are a new client you will need to provide us with all the necessary validation documents (i.E. Proof of identity and proof of residency).

Can I trade stock cfds with my existing MT4 trading account?

No, you can't. You need to have an XM MT5 trading account to trade stock cfds. To open an XM MT5 account click here.

What instruments can I trade on MT5?

On the MT5 platform you can trade all the instruments available at XM including stock cfds, stock indices cfds, forex, cfds on precious metals and cfds on energies.

The online trading platform metatrader 5, or commonly known as MT5, is the successor of the well-known metatrader 4 (MT4). It was developed by metaquotes software corp., and initially released in 2010 as a beta version. Over the years, metaquotes had invested in continuous development, testing and improvements, which made MT5 today as the next generation of trading platforms with extended possibilities.

The biggest advantage that MT5 possesses over its predecessor is its flexibility to offer an extended number of instruments from various asset classes with different settings, all tradable from the same interface and the same trading account.

Metatrader 5 (MT5) takes the famous charting package and the automated trading possibilities to a whole new level. All the features that made metatrader 4 (MT4) the platform of choice have been kept and have been upgraded to a more sophisticated back end infrastructure that can support trading on multiple instruments from various asset classes.

Multi-asset trading on MT5

MT5 gives online investors the option to trade on multiple asset classes ranging from forex (currency trading), contracts for difference (cfds) for individual stocks (shares), stock indices, precious metals, energies and commodities.

Whether for beginner, more advanced or professional online traders, MT5 has opened up new perspectives to not just trade but also gain better visibility across different markets and different asset classes.

Moreover, in the 21st century, the ability for online investors to trade various financial assets from one account offers the benefit of strategic asset allocation (or asset management), with the primary aim to allocate the invested capital in several different assets and manage risk according to market volatility, as well as according to how those assets perform in the short or in the long run.

Advantages of MT5 in online trading

The multi-functionality of the MT5 platform includes powerful features, which were all developed with state-of-the-art technology and by keeping several major criteria in mind, the most important ones being the same second to none charting package, the possibilities and flexibility of automated trading (algorithmic trading) and now a diversity of markets supported.

For both beginner and professional traders MT5 ensures platform features and functionalities that are in line with the highest expectations of any online investor today. These include the variety of pending order types (buy limit, buy stop, sell limit, sell stop, buy stop limit, sell stop limit); a database that holds an unlimited number of trade positions that can be placed and the cutting-edge programming language MQL5 that allows traders to program their own trading robots and indicators customized to their individual trading preferences and choice of financial assets to trade on.

Mobile trading on MT5

The MT5 suite comes with apps for both ios and android devices that offer full access to your account while on the go, with features including the unrivalled mobile chart plus technical analysis options with over 30 built-in indicators and 24 analytical objects.

Risk warning: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.04% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money. Please consider our risk disclosure.

Trading point of financial instruments limited provides investment and ancillary services to residents of the european economic area (EEA) and the united kingdom.

This website uses cookies

By clicking “continue”, you agree to the default cookie settings on our website.

For more information please read our cookie policy.

This website uses cookies

By clicking “continue”, you agree to the default cookie settings on our website.

Read more, or change your cookie settings.

What are cookies?

Cookies are small data files. When you visit a website, the website sends the cookie to your computer. Your computer stores it in a file located inside your web browser.

Why are cookies useful?

Here is an overview of some of the functions our cookies provide us with:

Verifying your identity and detecting the country you are currently visiting from

Checking browser type and device

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Members area access

Use your MT4/MT5 real account number and password to log in to the members area.

New to xmtrading?

Tradexfin limited is regulated by the seychelles financial services authority under securities dealer’s license number SD010. | privacy policy | cookie policy | terms and conditions

TPS management limited with offices at steliou mavrommati 80B, agios pavlos, 2364, nicosia, cyprus.TPS management limited is wholly owned by tradexfin limited.

Risk warning: forex and CFD trading involves significant risk to your invested capital. Please read and ensure you fully understand our risk disclosure.

Restrictions to accessing our services may apply to individuals being a national of, or a resident of, the following — but not limited to — countries:

Albania, the bahamas, barbados, botswana, cambodia, ghana, jamaica, mauritius, myanmar, nicaragua, pakistan, panama, syria, uganda, yemen, zimbabwe.

We do not provide our service to citizens of the united states of america, canada, EU countries, iran, north korea, and belize.

You must be 18 years old, or of legal age as determined in your country. Upon registering an account, you acknowledge that you are registering at your own free will, without solicitation on behalf of xmtrading.

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk warning: your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our risk disclosure.

This website uses cookies

By clicking “continue”, you agree to the default cookie settings on our website.

Xmtrading uses cookies to ensure that we provide you with the best experience while visiting our website. Some of the cookies are needed to provide essential features, such as login sessions, and cannot be disabled. Other cookies help us improve our website’s performance and your experience through personalising content, providing social media features and analysing our traffic. Such cookies may also include third-party cookies, which might track your use of our website. You may change your cookie settings at any time.

Read more, or change your cookie settings.

What are cookies?

Cookies are small data files. When you visit a website, the website sends the cookie to your computer. Your computer stores it in a file located inside your web browser.

Why are cookies useful?

Here is an overview of some of the functions our cookies provide us with:

Verifying your identity and detecting the country you are currently visiting from

Checking browser type and device

Tracking which site the user was referred from

Allowing third parties to customize content accordingly

Change settings

Please select which types of cookies you want to be stored on your device.

XM review and tutorial 2021

XM.Com offer a range of account types and a low minimum deposit to appeal to all levels of trader. With 1000+ markets and low spreads they offer a great service.

XM.Com deliver ultra low spreads across a huge range of forex markets. Flexible lot sizes, and micro and XM zero accounts accommodate every level of trader.

XM review; touted as the next generation broker for online forex and commodity trading, XM global webtrade is suitable for beginner and seasoned traders alike. Traders can get started with the trading software real account, or test the waters with a demo account platform with $100,000USD of virtual currency.

Highlights of this particular broker service include auto trading, no hidden fees or commissions and fast order executions, with 99.35% taking place in under 1 second.

Company details

XM group (XM) is a group of regulated online brokers. Trading point of financial instruments was established in 2009 and is regulated by the cyprus securities and exchange commission (cysec 120/10).

Trading point of financial instruments pty ltd was established in 2015 and is regulated by the australian securities and investments commission (ASIC 443670).

XM global was established in 2017 and is regulated by the international financial services commission (000261/106).

The platform boasts over 1.5 million clients with traders in 196 countries. The XM ethos is all about being big, fair and human. The company prides itself on things like excellent customer service and a personalised approach for every client, no matter their investment goals.

XM trading platform

XM offers 2 trading platforms which are accessible from both real and demo accounts. The multi-award winning metatrader 4 is predominantly a forex trading platform that supports stop, limit, market and trailing orders.

The metatrader 5 platform is a multi-asset trading platform which also offers access to stocks, stock indices and precious metals. Both platforms are available on apple and android devices, which makes for a smooth and easy-to-use mobile trading experience.

The trading area offers additional, optional tools, such as economic calendar or trade volume stats.

Assets / markets

This broker has more than 1000 financial instruments which can be traded on the MT4/MT5 platforms and this includes forex trading, stocks cfds, commodities cfds, equity indices cfds, precious metals cfds and energies cfds.

Forex trading is available on over 55 pairs, including the major USD, GBP, EUR and JPY pairs.

XM does not offer binary options or futures.

Spreads & commission

Spreads vary depending on the kind of account opened. It’s possible to open a micro account, standard account and XM zero account. The minimum spread across all accounts is 0.1 pips, and the average spread for a major pair such as EUR/USD is 0.1 pips.

XM operates a strict “no hidden fees or commission” policy. As such, commission is only given for XM zero accounts. XM covers all transfer fees and same-day withdrawals are guaranteed.

Leverage

Depending on the instrument, the leverage can range from 2:1 to 30:1. This is completely flexible and XM offers its clients the chance to manage their own leverage risk. Margin requirements remain constant throughout the week and never widen at weekends or at night.

This leverage applies to clients registered under the EU regulated entity of the group.

XM mobile apps

XM is available on a number of android and apple devices, including apple iphone, apple ipad and android tablets and android phones. Login is super-easy and can be done via fingerprint. You can download their apps from the apple app store or the google play store.

They are both fully functional and allow for monitoring and trading on-the-go. The desktop platforms for PC and mac both support one-click trading.

XM global trading platforms

Payment methods

In line with conventional KYC regulations, users need to provide a colour copy of an official identification document such as a passport or a driver’s license. They also need to provide a recent utility bill dated within the last three months as proof of address.

Once registered, the minimum deposit amount is $5 for micro and standard accounts, while zero accounts require a minimum deposit of $100.

Deposits can be made using most major credit cards, electronic payment methods, wire transfer, local bank transfer and more.

Deposits can be made in any currency and it will be automatically converted into the currency you select as your base currency when opening the account.

All withdrawals are processed in 24 hours and there are no fees to take your money out of your ewallet.

Demo account

XM excels in its demo account offering. Users can set up a demo account with just a few details and then get trading with a virtual balance of $100,000USD. The XM demo account is unique in that it offers exactly the same trading conditions as the real thing.

There are no time limits on how long you can use your demo account.

Bonus deals and promotions

XM also offers a free VPS (virtual private server) service to help increase the speed of trades. This VPS is accessible from anywhere and available 24/7. They claim to eliminate downtime and are available across the globe.

XM are also offering commission and fee free withdrawals and deposits.

As an EU regulated brand, XM comply with the ESMA ban on bonuses, and the $30 deposit bonus is no longer available to EU traders.

Regulation and licensing

As noted above, XM group has a range of brands covered by different regulators.

XM group (XM) is a group of regulated online brokers. Trading point of financial instruments was established in 2009 and is regulated by the cyprus securities and exchange commission (cysec 120/10).

Trading point of financial instruments pty ltd was established in 2015 and is regulated by the australian securities and investments commission (ASIC 443670).

XM global was established in 2017 and is regulated by the international financial services commission (000261/106).

Additional features

One of the biggest perks available on the XM platform is the wealth of training and educational materials available. The platform hosts regular webinars aimed at newcomers and seasoned professionals alike.

The platform is inherently social, encouraging users to learn from their team of instructors. The company also published research and technical analysis.

XM MT4 and MT5 forex trading

XM account types

There are four levels of trading account, micro, standard and zero. All accounts allow up to 200 open/pending positions per client.

Micro accounts: micro accounts can use USD, EUR, GBP, CHF, AUD, JPY, HUF and PLN as the base currency and can get started with a minimum deposit of $5USD. 1 micro lot is 1,000 units of the base currency.

Ultra low accounts: XM ultra low accounts, can use EUR, USD, GBP, AUD, ZAR, SGD as the base currency and traders will require a minimum deposit of $50 USD. 1 standard ultra lot is 100,000 units of the chosen base currency, whereas, 1 micro ultra lot is 1,000 units of the base currency. XM ultra low accounts are not applicable to all entities of the group.

Standard: standard accounts can use USD, EUR, GBP, CHF, AUD, JPY, HUF and PLN as the base currency and traders can get started with just $5USD. 1 standard lot is 100,000 units of the chosen base currency.

Zero accounts: zero accounts can use USD, JPY and EUR as the base currency and traders will require a minimum deposit of $10USD. Like the standard account, 1 standard lot is 100,000 units of the chosen base currency.

Benefits

XM offers a full-service education package on forex, ideal for those making their first steps into trading.

However, this isn’t at the expense of the more seasoned professional, who also have access to expert analysis and unparalleled tracking tools. As a company that prides itself on solid customer service, their users are well-served with support available in many different languages.

Drawbacks

While the support may be strong, some users dislike that customer support is only available monday to friday. Another disadvantage is the lack of diversity between the different account types makes for a less personalised feel.

Other brokers offer more a distinct offering in their accounts, but the micro, standard and zero accounts are almost identical. And finally, paypal deposits are not currently supported, which can be problematic for some.

Traders from certain regions are also forbidden to open an account due to licensing laws, these include canada and the united states.

Trading hours

In line with worldwide forex market hours, XM is available 24 hours a day. For phone trading, the XM trading hours are sunday 22:05 GMT through to friday at 21:50 GMT.

Contact details / customer support

The easiest way to contact XM is through their live chat feature found on the contact page of their website.

You can also email support on: support@xm.Com

Safety and security

There are no obvious security concerns with the website. Users are required to confirm their email address in order to open a demo account but signing up for email updates is not a requirement. In order to open a trading account, identification documents are required.

According to the company privacy policy, XM has organisational procedures in place to ensure that personal data is kept secure.

Overall verdict

XM offers a comprehensive broker service to traders of all levels. Whether you are just starting out and learning the ropes, or if you’re a seasoned trader looking for a reliable and efficient platform, XM is a solid choice.

Despite the shortcomings with the different account options, the platform is easy to use and simple to navigate.

Accepted countries

XM accepts traders from australia, thailand, united kingdom, south africa, singapore, hong kong, india, france, germany, norway, sweden, italy, denmark, united arab emirates, saudi arabia, kuwait, luxembourg, qatar and most other countries.

Traders can not use XM from united states, canada, israel, iran, portugal, spain.

Trading account types

XM CY trading account types

Micro account

Base currency options

USD, EUR, GBP, JPY, CHF,‎
AUD, HUF, PLN, RUB, SGD, ZAR

Contract size

1 lot = 1,000

Spread on all majors

As low as 1 pip

Commission

Maximum open/pending orders per client

200 positions

Minimum trade volume

0.01 lots (MT4)
0.1 lots (MT5)

Lot restriction per ticket

100 lots

Islamic account

Optional

Minimum deposit

Standard account

Base currency options

USD, EUR, GBP, JPY, CHF,‎
AUD, HUF, PLN, RUB, SGD, ZAR

Contract size

1 lot = 100,000

Spread on all majors

As low as 1 pip

Commission

Maximum open/pending orders per client

200 positions

Minimum trade volume

0.01 lots

Lot restriction per ticket

50 lots

Islamic account

Optional

Minimum deposit

XM zero accounts

Base currency options

USD, EUR, JPY

Contract size

1 lot = 100,000

Spread on all majors

As low as 0 pips

Commission

Maximum open/pending orders per client

200 positions

Minimum trade volume

0.01 lots

Lot restriction per ticket

50 lots

Islamic account

Optional

Minimum deposit

100$

The figures above should only be regarded as reference. XM is ready to create custom-tailored forex account solutions for every client. If the deposit currency is not USD, the amount indicated should be converted to the deposit currency.

You may be new to forex, so a demo account is the ideal choice to test your trading potential. It allows you to trade with virtual money, without exposing you to any risk, as your gains and losses are simulated. Once you have tested your trading strategies, learned about market moves and how to place orders, you can take the next step to open a trading account with real money.

What is a forex trading account?

A forex account at XM is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies.

Forex accounts at XM can be opened in micro, standard or XM zero formats as shown in the table above.

Please note that forex (or currency) trading is available on all XM platforms.

In summary, your forex trading account includes

1. Access to the XM members area

2. Access to the corresponding platform(s)

Similarly to your bank, once you register a forex trading account with XM for the first time, you will be required to go through a straightforward KYC (know your customer) process, which will allow XM to make sure that the personal details you have submitted are correct and ensure the safety of your funds and your account details.

By opening a forex account, you will be automatically emailed your login details, which will give you access to the XM members area.

The XM members area is where you will manage the functions of your account, including depositing or withdrawing funds, viewing and claiming unique promotions, checking your loyalty status, checking your open positions, changing leverage, accessing support and accessing the trading tools offered by XM.

Our offerings within the clients’ members area are provided and constantly enriched with more and more functionalities and therefore giving our clients more and more flexibility to perform changes or additions to their accounts at any given time, without needing assistance from their personal account managers.

Your trading account login details will correspond to a login on the trading platform which matches your type of account and is ultimately where you will be performing your trades. Any deposits/withdrawals or other changes to settings you make from the XM members area will reflect on your corresponding trading platform.

What is a multi-asset trading account?

A multi-asset trading account at XM is an account that works similarly to your bank account, but with the difference that it is issued with the purpose of trading currencies, stock indices cfds, stock cfds, as well as cfds on metals and energies.

Multi-asset trading accounts at XM can be opened in micro, standard or XM zero formats as you can view in the table above.

Please note that multi-asset trading is available only on MT5 accounts, which also allows you access to the XM webtrader.

In summary, your multi-asset trading account includes

1. Access to the XM members area

2. Access to the corresponding platform(s)

3. Access to the XM webtrader

Similarly to your bank, once you register a multi-asset trading account with XM for the first time, you will be requested to go through a straightforward KYC (know your customer) process, which will allow XM to make sure that the personal details you have submitted are correct and ensure the safety of your funds and your account details. Please note that if you already maintain a different XM account, you will not have to go through the KYC validation process as our system will automatically identify your details.

By opening a trading account, you will be automatically emailed your login details that will give you access to the XM members area.

The XM members area is where you will manage the functions of your account, including the depositing or withdrawing funds, viewing and claiming unique promotions, checking your loyalty status, checking your open positions, changing the leverage, accessing support and accessing the trading tools offered by XM.

Our offerings within the clients members area are provided and constantly enriched with more and more functionalities, allowing our clients more and more flexibility to perform changes or additions to their accounts at any given time, without needing assistance from their personal account managers.

Your multi-asset trading account login details will correspond to a login on the trading platform which matches your type of account, and it is ultimately where you will be performing your trades. Any deposits and/or withdrawals or other setting changes you make from the XM members area will reflect on your corresponding trading platform.

Who should choose MT4?

MT4 is the predecessor of the MT5 trading platform. At XM, the MT4 platform enables trading on currencies, cfds on stock indices, as well as cfds on gold and oil, but it does not offer trading on stock cfds. Our clients who do not wish to open an MT5 trading account can continue using their MT4 accounts and open an additional MT5 account at any time.

Access to the MT4 platform is available for micro, standard or XM zero as per the table above.

Who should choose MT5?

Clients who choose the MT5 platform have access to a wide range of instruments ranging from currencies, stock indices cfds, gold and oil cfds, as well as stock cfds.

Your login details to the MT5 will also give you access to the XM webtrader in addition to the desktop (downloadable) MT5 and the accompanying apps.

Access to the MT5 platform is available for micro, standard or XM zero as shown in the table above.

What is the main difference between MT4 trading accounts and MT5 trading accounts?

The main difference is that MT4 does not offer trading on stock cfds.

Can I hold multiple trading accounts?

Yes, you can. Any XM client can hold up to 8 trading accounts of their choice.

How to manage your trading accounts?

Deposits, withdrawals or any other functions related to any of your trading accounts can be handled in the XM members area.

Trading point of financial instruments limited provides investment and ancillary services to residents of the european economic area (EEA) and the united kingdom.

This website uses cookies

By clicking “continue”, you agree to the default cookie settings on our website.

For more information please read our cookie policy.

This website uses cookies

By clicking “continue”, you agree to the default cookie settings on our website.

Read more, or change your cookie settings.

What are cookies?

Cookies are small data files. When you visit a website, the website sends the cookie to your computer. Your computer stores it in a file located inside your web browser.

Why are cookies useful?

Here is an overview of some of the functions our cookies provide us with:

Verifying your identity and detecting the country you are currently visiting from

Checking browser type and device

Tracking which site the user was referred from

Allowing third parties to customize content accordingly

Spreads

Tight spreads as low as 0 pips

Tight spreads as low as 0 pips on all major currency pairs

100+ financial instruments

Trade with NO hidden fees

The lowest possible spreads for all trading account types

6 asset classes - 16 trading platforms - over 1000 instruments.
Trade forex, individual stocks, commodities, precious metals, energies and equity indices at XM.

To keep spreads as narrow as possible, we aim to get optimal prices from all our liquidity providers. Real time prices are aggregated from liquidity providers in order to offer best bid and ask prices to clients. Our electronic pricing engine allows us price updating on every currency pair three times per second, and thanks to this our prices reflect the current global forex market levels.
John papatheodoulou, chief dealer

XM offers tight spreads to all clients, irrespective of their account types and trade sizes. We recognize the fact that tight spreads only make sense for our clients if they can trade with them. This is the reason why we attribute great importance to our execution quality.

Fixed or variable spreads?

XM operates with variable spreads, just like the interbank forex market. Because fixed spreads are usually higher than variable spreads, in case you trade fixed spreads, you will have to pay for an insurance premium.

Many times, forex brokers who offer fixed spreads apply trading restrictions around the time of news announcements – and this results in your insurance becoming worthless. XM imposes no restrictions on trading during news releases.

Fractional pip pricing

XM also offers fractional pip pricing to get the best prices from its various liquidity providers. Instead of 4-digit quoting prices, clients can benefit from even the smallest price movements by adding a 5th digit (fraction).

With fractional pip pricing you can trade with tighter spreads and enjoy most accurate quoting possible.

XM spreads / conditions

To view XM spreads / conditions for FX instruments ->click here

To view XM spreads / conditions for commodities instruments ->click here

To view XM spreads / conditions for equity indices instruments ->click here

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XM trading review 2020

Michael graw PRO INVESTOR

XM is a well-established broker for forex and CFD trading in the UK. This broker offers nearly 60 currency pairs and more than 1,000 cfds, plus commission-free account options. What especially stands out about XM is that it gives traders access to the full metatrader software suite, which enables you to use automated trading, forex signals, and more.

So, is XM trading the best UK broker for you? In our XM trading review, we’ll take a closer look at this broker to highlight what you can trade, how the trading platform works, and whether XM can match up against competitors like etoro.

What is XM trading UK?

XM is a global forex and CFD broker founded in 2009. The broker is owned by trading point holding, which also owns trading.Com. XM trading is fully available in the UK, and the broker boasts more than 2.5 million clients in 196 countries around the world.

XM trading offers a comprehensive platform with a huge variety of assets to trade. In addition to offering dozens of currency pairs for forex trading, XM has over 1,000 stock, commodity, cryptocurrency, and index cfds. The broker is also dedicated to offering exceptional service, which has helped it build a loyal following among UK traders over the past decade.

XM trading assets

XM offers UK traders access to an incredibly wide range of assets. Let’s take a closer look at all the markets you can do with this broker.

Forex

XM has built its brokerage first and foremost around forex trading and it has earned a reputation as one of the top UK forex brokers. The trading platform currently offers 57 currency pairs with leverage up to 30:1. XM also has several different account types, which we’ll discuss in more detail below, that vary the size of a forex lot and your fees for forex trading.

Stocks and indices

Although XM was founded for forex trading, it’s made huge headway as a stock broker as well. You can trade any of 1,240 stock cfds (contracts for difference) at leverage up to 20:1. The diversity of stocks is very large, as XM allows trading for companies from the US, UK, europe, canada, brazil, and russia. Notably there are no stock cfds to trade from japan, hong kong, or china.

If you want exposure to markets in these countries, though, you can trade 28 different stock index cfds. XM doesn’t offer ETF trading at this time.

Commodities

XM doesn’t have the widest selection of cfds for commodity trading, although all of the most popular commodities are available. For instance, the broker’s 15 cfds allow oil trading for brent and WTI crude, gold trading, and futures trading for a variety of soft commodities like cocoa and wheat.

Cryptocurrency

One thing that UK traders will want to be aware of is that XM does not offer any cryptocurrency trading. This is a major disadvantage for trading with XM in the UK, since nearly all of its major competitors offer cfds for the most popular digital coins.

XM trading account types

XM has three different account types for forex trading: micro, standard, and zero. Which trading account you choose will affect the lot size for forex trades, your fees for forex trading, and what currency you can use for your account.

The micro account is a commission-free account that treats one lot as 1,000 forex future contracts. It’s ideal for beginner and intermediate forex traders who would rather pay spreads than fixed commissions and how want to trade relatively small amounts of money.

The standard account is almost identical to the micro account, except that one lot is equivalent to 100,000 forex contracts. So, it is best if you want to trade larger volumes. Both the micro and standard accounts support 11 different base currencies and have a minimum deposit requirement of just £5.

The zero account reduces spreads for forex trading to as low as zero pips, but introduces fixed trade commissions of $3.50 per lot. The zero account only supports USD, EUR, and JPY as base currencies and requires a $100 minimum deposit. So, expect to pay some additional currency conversion fees when using this account type.

XM trading spreads

Spreads for forex trading and CFD trading at XM are incredibly low, which is one of the biggest reasons that this brokerage is so popular in the UK. XM charges just 1.7 pips for trading the EUR/USD forex pair during peak market hours, which is well below the industry average. At its lowest, the spread can drop to 1.0 pips.

Note that if you have a zero account, the spread can be even lower. During peak market hours, some major forex pairs can have no spread at all.

CFD trading is commission-free, but spreads can vary widely depending on what assets you are trading. Generally, the spreads are much lower than the industry average. For example, XM charges a spread of 0.7 pips for the popular S&P 500 index CFD, compared to an average of over 1 pip at many other UK brokers.

XM trading fees

All XM trading in the UK is 100% commission-free, with the exception of forex trading if you sign up for a zero account. In that specific case, you will pay reduced spreads but a fixed commission of $3.50 per lot with a zero account.

Importantly, XM is relatively light on account fees. You won’t pay a deposit or withdrawal fee at this brokerage, and there is no monthly fee simply for having an account. XM does charge a withdrawal fee, but it’s just £15 after one year of inactivity and £5 per month for every additional month of inactivity.

It also helps that XM supports 11 different base currencies, including GBP. This reduces the amount that you’re likely to spend on currency conversion fees.

XM trading minimum deposit

Micro and standard accounted require a minimum deposit of just $5, while zero accounts have a $100 minimum.

XM trading platform

XM doesn’t offer its own proprietary trading platform. Instead, it gives traders access to the widely used and hugely popular metatrader 4 and metatrader 5 software packages.

The two versions of metatrader are similar in many ways, except that metatrader 4 only supports forex trading. Metatrader 5 supports forex and CFD trading for stocks, indices, commodities, and cryptocurrencies. Both metatrader 4 and 5 are available on your computer as well as through mobile trading apps for ios and android.

The metatrader software comes with a steep learning curve, especially for first-time traders. The layout of the software is somewhat confusing, and it can be difficult to search for specific assets. The main way to find assets is to navigate through a drop-down folder structure, which isn’t all that efficient.

Once you get a handle on the platform, however, it becomes clear why XM relies on metatrader. Metatrader 5 comes with more than 80 built-in technical studies and dozens of drawing tools to help you analyze price movements. In addition, you can easily build your own custom indicators using the software’s purpose-built coding language.

The platform’s charts are exceptionally flexible, too. You can easily switch between candlestick and other types of charts, such as heikin-ashi charts. Metatrader 4 also supports tick-level price data as well, so you can see what the market is doing in real time.

Backtesting a strategy with MetaTrader 4

Importantly, metatrader 4 and 5 each support forex signals and forex robots. You can create these using any of metatrader’s built-in indicators or by creating your own custom technical indicators. The software also provides all the tools you need to backtest a strategy to make sure that your signals will work as expected. You can access up to 10 years’ worth of historical price data for any currency pair that XM supports and see how your forex signal or robot would have triggered under past conditions.

XM trading MT4

Why use metatrader 4 for XM trading in the UK as opposed to metatrader 5? Metatrader 5 isn’t simply a newer version of metatrader 4 – there are some important differences between them.

The most relevant to UK traders is that metatrader 4 primarily supports forex trading and only has charts and data for a limited range of cfds. Metatrader 5 has much more support for CFD trading, so it’s the better choice if you plan to trade stocks or commodities with XM.

Another thing worth noting is that metatrader 4 allows you to manage trades individually rather than in aggregate for an asset. This means, for example, that if you have three long positions for the EUR/USD forex pair, you can modify or close each specific position – they are not aggregated into one large position as they would be in metatrader 5. This can be important for more complex trading strategies.

Keep in mind that if you want to use both metatrader 4 and metatrader 5 with XM, you can. XM allows you to open multiple accounts, and you get to decide which trading platform you want to use for each.

XM trading tools

While XM doesn’t offer its own trading platform, it does have a huge variety of tools to help you make trading decisions. To start, the broker offers all the feeds you would expect from a top-tier broker. There’s a news feed that covers global forex, stock, and commodity headlines along with an economic calendar. Both can be filtered by the market that headlines or events are expected to impact.

XM also gives you access to technical research from its in-house analysts. These are typically focused on major and minor forex pairs, and take a closer look at the day’s price charts to identify potential trends or support and resistance levels. XM typically releases several technical analysis posts daily, which can be quite helpful for forex traders looking for a leg up on the market.

Even better, the brokerage offers daily trade ideas that cover the forex, stock, and commodity markets. Most of these are sourced using autochartist, an automated technical analysis software that identifies price patterns. One thing that’s especially nice about these trade ideas is that they come with quality scores and well-defined price targets.

One other critical tool that’s worth highlighting is XM’s technical indicators for metatrader 4 and 5. There are more than 20 custom-built indicators that aren’t standard for these software packages. Better yet, these indicators can easily be incorporated into your trading strategy as forex signals.

Is XM trading legit?

XM trading has been around for more than a decade and is under the authority of some of the most highly respected financial authorities in the world. In the UK, XM is governed by the australian securities and exchange commission. All UK trading accounts are protected by the UK’s financial services compensation scheme in the event that the broker runs into financial trouble.

Another benefit to XM trading is that the broker provides negative balance protection. So, even when you’re trading with leverage, you cannot lose more money than you deposit into your account.

How to use XM trading

Ready to get started with XM trading in the UK? We’ll walk you through how to set up an account and place your first trade with this broker.

Step 1: create an XM trading account

To create an XM trading account, head to the broker’s website and click ‘open an account’ from the menu. You will need to enter personal information like your name, email, and phone number. Then choose what type of trading account you want to open and whether you want access to the metatrader 4 or metatrader 5 platform.

XM requires that you verify your identity in order to comply with government regulations. To complete your registration, upload a copy of your driver’s license or passport.

Step 2: fund your XM trading account

Log into your new XM trading account, navigate to the member’s area, and select ‘deposits/withdrawals.’ you can choose to deposit funds to XM by credit or debit card, e-wallet, bank transfer, or wire transfer. Keep in mind that the minimum deposit for micro and standard accounts is £5, while the minimum deposit for zero accounts is £100.

Step 3: place your first trade

Now you’re ready to place your first trade with XM. You’ll need to do this through the metatrader trading software rather than through your online XM account.

In metatrader, use the ‘symbols’ menu to find a forex pair or CFD to trade. You can browse by asset type or search for an asset by name. Click on the asset to open a chart, then click ‘new order’ to open a new order form.

In the order form, you can select the parameters for your trade like when it should be executed and how much money you want to trade. You can also set a stop loss or take profit level in accordance with your trading strategy. When you’re ready, click ‘buy’ or ‘sell’ to open your first trade with XM.

XM trading pros & cons

XM trading vs etoro

Our XM trading review found that this broker offers low spreads, a wide variety of assets, and a capable trading platform. But how does XM stack up against one of the best forex and CFD brokers in the UK – etoro?

Etoro trading edges out XM when it comes to what assets you can trade. While etoro doesn’t have as many exotic forex pairs, the broker offers more than 450 etfs and CFD trading for more than a dozen top cryptocurrencies. It’s also worth noting that you can buy etoro’s more than 800 global shares outright or through cfds depending on your trading goals.

We also found that etoro has slightly lower fees for many assets compared to XM. Etoro’s spreads for major forex pairs like the EUR/USD is just 0.7 pips with a standard account, compared to 1.6 pips at XM. Etoro also keeps its spreads for stock cfds well below the industry average, and all trades – including outright stock and ETF trades – are 100% commission-free.

XM’s trading platform is somewhat more technical than etoro’s, which can be helpful for more advanced traders. For instance, etoro’s charting software doesn’t support backtesting or custom indicators. However, etoro’s trading platform is easier to use, especially for beginners, and the broker has a massive social trading network. This is a major advantage because it enables you to interact with other traders and quickly gauge traders’ sentiments about any asset.

Overall, we think etoro is a better choice than XM for most UK traders. It boasts more tradable assets, lower fees, and a highly versatile trading platform with a built-in social network.

£15 inactivity fee after 12 months

£10 inactivity fee after 12 months

100+ technical indicators

Conclusion

Our XM trader review found that this broker offers powerful trading tools that help it stand out for UK traders. The metatrader 4 and 5 software platforms can be hard to get started with, but they allow you to create custom indicators, backtest a new strategy, or apply forex signals to improve your trading. Even better, XM has its own library of forex signals that you can copy or modify to jumpstart your account.

We liked that XM generally offers low fees, particularly for stock and index cfds. The selection of forex pairs and stock cfds is also very nice, although it’s noteworthy that XM doesn’t offer any ETF trading or cryptocurrency trading. This can be a major blow for UK traders who want to trade a wider variety of asset classes.

On the whole, we would recommend etoro over XM for the majority of UK traders. Etoro beats XM when it comes to the variety of assets you can trade and the spreads for CFD trading. Plus, etoro’s capable trading platform comes with a massive social trading network to help you get an edge on the market.

Ready to get started with etoro? Click the link below to sign up for an account today!

Etoro – best UK trading platform with 0% commission

Can I open a demo account at XM?

Yes, XM allows you to open a demo account for free. Demo accounts never expire, but the account activity will reset after 90 days of inactivity.

Does XM support islamic trading accounts?

Yes, XM allows you to open an islamic or halal account with its micro or standard account types.

Does XM allow me to open more than one trading account?

You can open up to eight trading accounts with XM. They can each be a different type so you can take advantage of different lot sizes and fee structures. You don’t need to verify your identity again when creating an additional account.

XM does not offer a cash bonus when you make your first deposit. However, you can get a free virtual private server (VPS) with your account to increase the speed of your trade execution.

Does XM support forex options trading?

XM does not allow options trading of any kind, including forex options or binary options.

So, let's see, what we have: members area access use your MT4/MT5 real account number and password to log in to the members area. New to XM? © 2021 XM is a trading name of trading point holdings ltd. All rights at xm trading