Xm maximum lot size

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Free forex bonuses

Xm maximum lot size, xm maximum lot size.

Question: what is the maximum trading volume I can trade with XM?

XM - what's now?

Leverage 1:888 does not apply to client registered under the EU regulated entity of the group. The maximum leverage for trading point of financial instruments is 30:1.

XM has limitations on trading volume for each account.

Please refer the table below.

Account types	limits per trade	limits per account
micro	100 standard lots	200 positions
standard	50 standard lots	200 positions
XM zero	50 standard lots	200 positions

Please be advised that, 1 standard lot is 100,000 units for standard and XM zero account, and 1 standard lot is 1000 units for micro account.

You can find the more information on XM’s trading conditions in the official website.

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See the trading condition of this mega FX broker.

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Hercules.Finance

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Who is hercules.Finance?

Hercules.Finance is a financial education website powered by a team of financial specialists and IT experts, mainly introduce solutions of forex, CFD and commodity investment, and a number of payment services. With more than 30 partnered companies all over the world, hercules.Finance offers trusted and timely information for investors and users of the services. By referring to hercules.Finance, you can find all latest news/information, financial technical/fundamental analysis, main/exclusive bonus promotions of partnered companies and a number of educational materials of finance. For the list of all partnered companies, please visit here. For more latest information of the website, please visit hercules.Finance.

Risk warning

Foreign exchange and contracts for difference ("cfds") are complex financial products that are traded on margin. Trading forex & cfds carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, forex & cfds may not be suitable for all investors because you may lose all your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved taking into account your investment objectives and level of experience. Past performance of forex & cfds is not a reliable indicator of future results. All information on hercules is only published for general information purposes. We do not present any guarantees for the accuracy and reliability of this information. Please note the spreads displayed in the website are all included extra trading commissions, as it shows the whole commissions charged by each broker. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in connection with the use of our website.

Question: what is the minimum/maximum trading volume on XM MT4/MT5 accounts?

XM - what's now?

Leverage 1:888 does not apply to client registered under the EU regulated entity of the group. The maximum leverage for trading point of financial instruments is 30:1.

The maximum and minimum trading size for each XM account type is as below.

Please be noted that lot size for each account is different.

STANDARD account: 1 lot = 100,000 units

MICRO account: 1 lot = 1,000 units

For certain financial instruments, the limitation is set lower than the above.

For more information, please refer to XM’s contract specification or contact the support team.

You can also check the available trading volume by putting the numbers on MT4 and MT5 platforms.

Post tags

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#lot

#maximum

#micro

#minimum

#order size

#position

#restrictions

#standard

#trading accounts

#trading size

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#XM zero

#xmtrading

See the trading condition of this mega FX broker.

Comments

Features

Axiory $25 no deposit bonus

Windsor brokers loyalty programme

Windsor brokers 20% deposit bonus

Windsor brokers $30 free account

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MTN money payment is available for rwanda

Traders trust adds exotic FX pairs - HKD, SGD, CZK, ZAR and more

Interviewing the top forex trader who won the hotforex contest

What's the most profitable forex currency pairs?

Make a deposit to yadix MT4 with perfect money

All forex brokers

All crypto-currency exchanges

Latest article

Axiory $25 no deposit bonus

How to get axiory's $25 no deposit bonus to trade forex for free?

Windsor brokers loyalty programme

Windsor brokers' loyalty programme will reward you for redeemable points.

Windsor brokers 20% deposit bonus

Deposit at least 500 USD to get 20% bonus from windsor brokers.

Windsor brokers $30 free account

Open windsor brokers' $30 free account to start trading without risking your own funds.

US stocks pre-market trading is now available with exness

What is pre-market trading of US stocks? How does it work?

FBS 12th anniversary raffle until 2021/7/1

FBS celebrates the 12th anniversary with prizes totaling $1,200,000.

Land-FX wins the best trading platform award by world forex award

Land-FX MT4 and MT5 are awarded as the best trading platform.

Hercules.Finance

Sitemap

Services

Bonds

Cfds

Commodities

Copy trade

Cryptocurrency

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Etfs

Forex

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Metals

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Who is hercules.Finance?

Risk warning

The principles behind lots trading and pips calculation

What you will learn:

Lot definition

Different lot sizes explained

USD and EUR practical illustrations

The correlation between margin and leverage

Understanding the intrigues in margin call calculation

What is a lot size in forex?

In forex trading, a standard lot refers to a standard size of a specific financial instrument. It is one of the prerequisites to get familiar with for forex starters.

Standard lots

This is the standard size of one lot which is 100,000 units. Units referred to the base currency being traded. When someone trades EUR/USD, the base currency is the EUR and therefore, 1 lot or 100,000 units worth 100,000 eurs.

Mini lots

Now, let’s use smaller sizes. Traders use mini lots when they wish to trade smaller sizes. For example, a trader may wish to trade only 10,000 units. So when a trader places a trade of 0.10 lots or 10,000 base units on GBP/USD, this means that he trades 10,000 british pounds.

Micro lots

There are many beginners or small investors who wish to use the smallest possible lots sizes. In contrary to the mini lots that refer to 10,000 units, traders are welcome to trade 1,000 units or 0.01. For example, when someone trades USD/CHF with a micro lot the trader basically trades 1,000 usds.

Pip value

Now that we understand what lots are, let’s take one step further. We need to calculate the pip value so we can estimate our profits or losses from our trading.

The simplest way to calculate the pip value is to first use the standard lots. You will then have to adjust your calculations so you can find the pip value on mini lots, micro lots or any other lot size you wish to trade.

USD base currency

Our calculations in this sector are when your base currency is the USD. We will provide three different examples.

USD quote currency of the currency pair. You’re trading 1 standard lot (100,000 base units) that the quote currency is the USD such as EUR/USD. The pip value is calculated as below:

100,000*0.0001 (4th decimal)=$10

USD base currency of the currency pair. You’re trading 1 standard lot (100,000 base units) and the base currency is the USD such as USD/JPY. The pip value is calculated as below:

The USD/JPY is traded at 99.735 means that $1=99.73 JPY 100,000*0.01 (the 2nd decimal) /99.735≈$10.03. We approximated because the exchange rate changes, so does the value of each pip.

Finding the pip value in a currency pair that the USD is not traded. You’re trading 1 standard lot (100,000 base units) on GBP/JPY.

The GBP/JPY is traded at 153.320. Because the value changes in the quote currency times the exchange rate ratio as

The pip value => 100,0000.01JPY1GBP/153.320JPY = 6.5 GBP

Because the base currency of the account is the USD then we need to take into account the GBP/USD rate which let’s assume that is currently at 1.53560.

6.5 GBP/(1 GBP/1.53560 USD)= $9.98

EUR base currency

Now let’s make our examples when the base currency of our account is the EUR

EUR base currency of the currency pair. You’re trading 1 standard lot (100,000 base units) on EUR/USD. The pip value is calculated as below

The EUR/USD is traded at 1.30610 means that 1 EUR=$1.30 USD so

100,000*0.0001 (4th decimal)/1.30610 ≈7.66 EUR

Finding the pip value in a currency pair that the EUR is not traded. You’re trading 1 standard lot (100,000 base units) on GBP/JPY. From our example before, we know that the value is 6.5 GBP. Now, we need to take into account the EUR/GBP rate in order to calculate the pip value. Let’s assume that the rate is currently at 0.85000. So:

6.5GBP/(1GBP*0.85 EUR)= (6.5 GBP/1 GBP)/0.85 EUR≈7.65 EUR

Leverage – how it works

You are probably wondering how can I trade with lot sizes of 100,000 base units or even 1,000 base units. Well, the answer is very simple. This is available to you from the leverage you have in your account. So let’s assume that your account’s leverage is set at 100:1. This means that for every $1 used, you’re actually trading $100 in the forex market. In order for you to trade a position of $100,000 then the required margin to open such a position will be $1,000. As for any losses or gains these will be deducted or added to the remaining balance in your account.

If your account’s leverage is set at 200:1 this means that for every $1 you use you’re actually trading $200. So for a trade of $100,000 you will require a margin to be at $500.

Margin call – what you should know

Now looking at the examples above regarding the leverage you’re probably thinking that is the best to work with the highest possible leverage. However, you need to take into consideration your margin requirements as well as the risks associated with higher leverages.

Let’s just say that you have deposited first $5,000 to your trading account that the leverage is set at 100:1. Your nominated currency is the USD. The first time you will login to your MT4 trading account you will notice that the balance and the equity is $5,000 and this is due to the fact that you did not place any trades yet.

Now, you have decided to open a position on the USD/CHF of the 1 standard lot which means that you will require use a margin of $1,000. The floating P/L is at -9.55. The account will show the following

balance	equity	margin	free margin	margin level
5,000	4,990.45 (5,000-9.55)	1,000	3,990.45 (4,990.45-1000)	499.05% (4990.45/1000)*100

If your forex broker margin call level is set at 100% this means that when the margin level reaches this percentage it will notify you to add more funds. As you can understand from the example above, the P/L, and your margin will affect your margin level. Now, if your broker sets the stop out level at 50% this means that your position will be closed by the broker when the margin level reaches that level.

Let’s use another example when your leverage is set at 200:1. We will use the same example above to understand how the leverage will affect your margin level. Your account will show the following

By looking at the numbers above, you will prefer to use a higher leverage for your account. However, let’s assume that the market goes against you and you have bought 9 lots of USD/CHF but the pair falls. When you open your position you will have the following numbers:

As we explained above, the broker will give you a margin call when you have 100% margin level. This means that you will receive a margin call when the USD/CHF falls 5 pips only. On the other hand, if you had a leverage set at 100:1 the would not allow you to enter into such a position from the first place and you would have saved your equity.

XM group broker review 2021

Platforms

Tradable assets

Spreads

Customer support

Credibility

Fully regulated by cysec, FCA and ASIC

Forex islamic accounts available

Over 20 supported banking methods

Unlimited demo account

$5 minimum deposit

Introduction or skip content and read the bottom line!

XM group is a group of regulated online brokers.

Trading point of financial instruments ltd is established in 2009 and it is regulated by the cyprus securities and exchange commission (cysec), trading point of financial instruments pty ltd is established in 2015 and it is regulated by the australian securities and investments commission (ASIC) and trading point of financial instruments UK ltd is established in 2016 and it is regulated by the financial conduct authority (FCA).

They are highly regarded for offering a range of MT4/MT5 platforms across various workstations but is this the only advantage that they have?

Let’s get down to business!

XM group overview
founded	2009 – trading point of financial instruments ltd 2015 – trading point of financial instruments pty ltd 2016 – trading point of financial instruments UK ltd
platform	MT4 for PC, MT4 for mac, MT4 multiterminal, MT4 webtrader, MT5 for PC, MT5 for mac, MT5 webtrader, MT4 for iphone, MT4 for android, MT5 for iphone, MT5 for android, MT4 for ipad, MT4 for android, MT5 for ipad, MT5 for android
minimum account size	$5
minimum lot size	0.01
tradable assets	300+
maximum margin	1:500
spread on EUR/USD	1.8 pips
payment methods	multiple local payment methods
demo account	unlimited time
accepts US traders	no
regulated	FCA (UK) – trading point of financial instruments UK ltd (XMUK) ASIC (AU) – trading point of financial instruments pty ltd (XMAU) cysec (CY) – trading point of financial instruments (XMCY)
support	phone, fax, email, live chat
website	www.Xm.Com

Registration 10/10

XM supports traders from most countries and there are only a few exceptions such as the USA and canada.

If you’re unsure if they will accept clients from your country, you just need to visit their registration page, click on the country of residence dropdown list and see if your country is available.

You won’t be able to sign-up using your social media accounts but as we said, this is a minor issue.

So how to sign-up with XM group?

Via the online registration form, you need to supply them the following information:

First and last name

Country of residence

Preferred language

Phone number

Email address

Preferred trading platform type

Preferred account type

After submitting these details, you will be taken to the second and last part of the registration where you will need to fill-in your date of birth and complete address. You’ll also need to accomplish your trading account details, investor information, investor profile and knowledge & experience.

The sections investor profile and knowledge & experience will determine whether you can open a trading account with them so be sure to answer them correctly and accurately.

Want to register now with XM? You can click on the button below and we’ll take you straight to the sign-up page:

Account types 8/10

XM group offers several account types and you’ll have the flexibility to choose the most appropriate one that is suitable for your trading needs and goals.

As of this writing, the following accounts are offered by XM global:

Micro

Standard

Ultra low

Each account type has a suite of features and perks such as base currency options, contact size, leverage, commission, maximum open/pending orders, minimum lot size, lot restriction per ticket, bonuses and others.

And here’s the surprise: BONUSES!

What makes XM a standout from the rest is that they continue to offer an attractive bonus of up to $5,000!

This two-level welcome bonus is among the highest trading promotions in the market today particularly from an established online brokerage and not just from unknown brands.

The availability of the bonuses and types of accounts vary and will be dependent on the country from which you are based in.

For example, in australia, they offer micro, standard and ultra low. If you’re in cyprus, your account options are micro, standard and XM zero.

Demo account 10/10

Opening an account with XM group will give you access to their free demo account that will allow you to make practice trades with live market conditions.

The $100,000 virtual funds won’t have an expiry so you’ll have the liberty to use it at your own pace and as long as you want.

If in case that you’ve already used up these virtual funds, you just need to open another demo account but you can only do this for 5 times.

We can’t emphasize enough…

If you’re a beginner then we STRONGLY recommend that you take advantage of this free feature in order to learn the platform, maximize its usage, explore other features and even try out all possible strategies so you can discover which one works best for you and prepare yourself for live market trading.

Payment methods 10/10

XM group’s supported payment methods is quite extensive and adds more flexibility on adding funds into the account.

They accept the most commonly used local payment methods today including:

Credit/debit cards

Online bank transfer

Neteller

Skrill (moneybookers)

Webmoney

Sticpay

And currency is accepted since it will be converted automatically into your account’s base currency based on the prevailing inter-bank price.

XM group won’t charge you with transaction fees for both deposits and withdrawals. Deposits less than $200 for international bank wire transfer however are not covered.

Minimum deposit 10/10

Opening a standard or micro account starts with just a minimum deposit of $5 which is extremely lower than the requirements of other forex brokers.

For the ultra low and shares accounts, the minimum deposit requirements are $50 and $10,000, respectively.

Such affordability is an opportune way for those who want to start with a low trading capital and also for starters since there’s no need to deposit a very large amount and it effectively allows proper fund management.

Platforms 8.8/10

XM has an extensive range of metratrader 4 and 5 platforms that can be accessed using just one account:

MT4 for PC

MT4 for mac

MT4 multiterminal

MT4 webtrader

MT5 for PC

MT5 for mac

MT5 webtrader

MT4 for iphone

MT4 for android

MT5 for iphone

MT5 for android

MT4 for ipad

MT4 for android

MT5 for ipad

MT5 for android

For desktops, it can be installed and run on both windows and mac operating systems while in the mobile platform, they have dedicated apps for smartphones and tablets that are running apple or android operating systems.

In addition, they also have webtrader platforms that can be accessed with any web browser.

They have every solution for almost any kind device or computer.

Design 10/10

XM definitely found a way to make their interface very inviting and this can be credited to their organized but simple layout.

Regardless if you use the desktop, mobile or the web-based platform, you can easily log-in and trade without any delays or long waiting time.

XM MT4 webtrader platform

Tradable assets 8.8/10

This broker has more than 300 instruments which can be traded on their platforms. This mixture of available assets opens a lot of chances to find an opportunity to earn and make profits.

Here are the current instruments that you can invest on:

If you’re into currency trading, you’ll have plenty of currency pair options including majors (EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD and USD/CAD), minors (EUR/GBP, EUR/AUD, GBP/JPY, CHF/JPY, NZD/JPY and others) and exotics (USD/SEK, USD/NOK, EUR/TRY, USD/TRY, USD/DKK, USD/HKD and others).

Commodities

Common commodities like cocoa, coffee, corn, cotton, soybean, high grade copper, soybean, sugar and wheat are available for trading.

Precious metals including gold and silver, and energies such as brent crude oil, london gas oil, natural gas and WTI oil are also available.

You can invest on popular equity indices like ASX 200, china 50, EURO STOXX 50, CAC 40, DAX, FTSE.AT, HSI, FTSE MIB and nikkei on cash and futures cfds.

Choices are aplenty for stocks trading via XM group as their platforms will give you access to various shares of popular companies in the US, australia and EU (austria, belgium, finland, france, germany, greece, italy, netherlands, norway, portugal, russia, spain, sweden, switzerland and UK).

Cryptocurrencies

This new asset class is also available on XM group’s platforms. You can trade on digital coins including bitcoin, bitcoin cash, ethereum, litecoin and ripple.

Trading cryptocurrencies via cfds is not the same as buying/selling cryptocurrencies from an exchange.

Minimum lot size 10/10

We can’t emphasize enough:

The size of your lot will directly influence your risk management and the smaller the lot, the better you can control your risk.

Most retail brokerages allow their clients to trade with micro lots which means a buy or sell order will be placed for 1,000 units.

The fact of the matter is…

Micro lots are the smallest tradable lot size that are usually allowed by most brokers and the good news is that this brokerage offers the same size for specific account types.

For micro accounts, XM group’s minimum accepted lot size is 1 lot or 1,000.

For the standard account, it’s 100,000 units while for the ultra low, the standard ultra account’s minimum accepted size is 100,000 and 1,000 for the micro ultra.

Spreads 9.9/10

With XM’s tight spreads the prices don’t need to move as much in order to make a profit.

The spread for the EUR/USD currency pair is 1.8 pips which is already considered to be better than what most brokers can provide.

Quotes accuracy 9.5/10

It is always important to trade with a forex broker that has accurate market prices because this is where your decision will be largely based on.

The several tests that we’ve done with their platform showed no signs of delays or manipulation with their quotes and the same price is shown for both pre and post deals.

Withdrawal time 10/10

All withdrawal requests are processed within 24 hours if the funds are transferred to XM cards or any of the supported e-wallet methods.

Meanwhile, credit/debit card and bank wires on the other hand can take 2 to 5 business days.

Based on the several withdrawal tests that we made, they were able to fulfill these requests and we were able to get the money back just as they promised.

Customer support 8.7/10

XM group can be reached via phone, fax, email or live chat.

That means you have the option to contact them in almost every channel possible and saving you a lot of time and effort.

So how was our experience with XM’s support team?

Based on our actual conversation with their support agent, we find them to be very direct in providing answers to any of our questions and we never experienced any sort of marketing schemes that other agents from other forex brokers usually do.

Our discussions with them ended with positive results.

Credibility 8.9/10

Regardless of the fact that XM group is a regulated online broker, they are very popular in the forex trading community.

Most of the reviews and comments praise them for having multiple online trading platforms and very flexible trading conditions.

This is based on the verified and professional user comments and reviews that we’ve collected from several trusted review sites, forums, trading sites and social media.

Regulation and license 10/10

XM group is licensed and regulated by the following:

Financial conduct authority (FCA) – trading point of financial instruments UK ltd (XMUK) under reference number 538324.

Australian securities and investments commission (ASIC) – trading point of financial instruments pty ltd (XMAU) with license number 443670.

Cyprus securities and exchange commission (cysec) – trading point of financial instruments (XMCY) with licence number 120/10.

This means that they are abiding by the rules and regulations that are set by these trusted financial authorities so you can trade with peace of mind.

Conclusion 9/10

Aside from the fact that XM group is a group of regulated online brokers, there are plenty of other compelling reasons why they topped our list of recommended forex brokers today.

The wide range of tradable instruments, the multiple online trading platforms, the fast processing of withdrawals and the highly flexible trading conditions are just some of its strong advantages.

An unlimited demo account and extremely low deposit is also worth mentioning.

So it all adds up to this:

XM group has all the attributes of being a trusted and superior broker for any forex and CFD trader.

Forex and CFD trading involves significant risk to your invested capital.

Xm maximum lot size

This XM review was conducted by the team of our professional forex experts for those who want to invest with XM.Com broker.Formerly founded in 2009 as trading point of financial instruments ltd, it is a regulated forex broker in the republic of cyprus. The company was originally established by a group of interbank traders who required to recover the level of services in the forex trading communal. Through XM, traders now have access to the cfds, commodities and forex marketplaces.

Featured site

One of the foremost advantages of trade with XM is the information that the company is founded in cyprus, a member nation of the eurozone. This mean it meets the lowest fiduciary standard essential of a financial service provider working in the eurozone. By the way, it 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.

XM forex trading platforms

Maximum forex brokers offer an industry-leading platform such as MT4 and combine this with a good mobile app. It provides 9 platforms, five of which are keen to desktop computers and 4 that are keen to mobile traders. They really do not leftover any chance to live up to the right of “valuing trading competence” and provide for traders of all levels and necessities. These stages are below defined in brief detail.

XM MT4 download

This is XM’s version of the commerce-leading mt4 platform. It is extremely configurable and effortlessly suited to both novice and expert traders alike. It provides a live news feed and a wide technical analysis abilities. The MT4 platform also joins one click trading along with their manual trading feature, and even permits you to setup eas to mechanically place trades for you. Actually, there are a sum of add-ons and applications that will assistance you trade and progress your approaches. Trade cfds, futures and forex with no requotes and no refusals on this platform.

MT4 multiterminal

The multiterminal platform is mainly intended for money managers or traders who use manifold accounts and perform multiple order types instantaneously. Several of the features of MT4 are presented, but eas are not permissible as the terminal is planned for managing numerous accounts simply. Multiterminal doesn’t offer tech study either, but it does provide financial news and system signals in real-time, accompanied by numerous execution models intended to meet the necessities of those who essential to manage numerous accounts.

Mac MT4

This is a mac friendly version of the extremely popular metatrader4 platform. This version of the platform comprises all of the functionality and features defined above, but permits traders to usage the platform on apple computers without the essential to run a parallel windows emulator or windows desktop.

XM.Com MAM

As revealed previous, it look like to be the “one broker for all” as they offer a huge number of explanations. If you are an account or portfolio manager, or you are attentive in managing numerous accounts with the comprehensive features of metatrader4, this is the platform for you. Unlike MT4 multiterminal, XM MAM permits automated trading with eas and offer the technical analysis and charts you’d expect from metatrader4. There is so much more to this platform as it even permits numerous account pockets to manage numerous MT4 trading accounts through one main account. If this sounds right to your necessities, we endorse you speak with the support team to completely understand the functionality and features available here.

Webtrader

This is online trading platform. It is well-matched with mac, PC and any other apparatus accomplished of running a browser. No download is essential. Just open the platform from XM.Com in your browser and increase complete access to your trading accounts instantly. Traders can take benefit of a number of tools to increase their trading skills and trade with no rejections and no requotes. Like the metatrader4 platform, the webtrader 4 platform offers one-click trading, market analysis, an economic calendar and streaming news. It’s influential, capable and flexible. It comes extremely optional.

Ipad trader

XM brings MT4 to all ipad users by their ipad trader platform. It offers admittance to your metatrader4 account and presents actual interactive charts with scroll and zoom functionality. It also delivers real-time estimates of financial instruments, a complete set of trading tools and a comprehensive trading history, confirming that traders can examine their progress precisely. Unlike certain apps, this is far from an extra and really does provide an imaginary remote trading knowledge.

Iphone trader (IOS), mobile trader (windows mobile), droid trader (android) – mobile operators are not left imperfect as XM provide a mobile solution for all main smartphones. Their mobile platforms provide exceptional trading suppleness by bringing you a mounted down version of MT4 to your fingertips. They all provide direct access to your account and offer actual quotes of financial tools. The platforms also offer a complete set of trade orders comprising pending orders, 30 technical indicators, trade history, and the aptitude to trade straight from charts.

Analysis of XM – forex and CFD broker

– NDD/STP broker from europe specialized in forex and CFD

-regulated by organizations such as cysec

XM – broker review

In this review, we are going to explore its main services and features.

Content of the XM review

Type of broker

Regulation

Country of origin

The headquarters of XM is located in cyprus.

Trading instruments

Forex market: 53 currency pairs in the spot market, from the most important such as the EUR/USD, USD/JPY and GBP/USD to other more exotic like the USD/ZAR and USD/CNH.

Precious metals: gold and silver in the spot market, two of the most traded and important commodities in the market.

Futures on energies like crude oil, natural gas, and heating oil among others.

The main stock indices in the market.

Precious metals like gold and silver.

Cryptocurrencies such as bitcoin and ripple.

Trading accounts

Micro account: this is a trading account designed for beginners traders with little experience in the market. For this reason, it requires a minimum deposit of just $5. It offers maximum leverage of 1:888, a minimum transaction size of 0.001 lots and variable spreads as low as 1 pip for major currency pairs. This account allows hedging strategies and charges no commissions or hidden fees. XM offers an islamic version of this account.

Standard account: this is a type of trading account created for professional traders with more experience in the market and with more capital to invest. Despite this, the standard account requires a minimum deposit of just $5. It offers maximum leverage of 1:888, a minimum transaction size of 0.01 lots and variable spreads as low as 1 pip for major currency pairs. This account allows hedging strategies and charges no commissions or hidden fees for client´s trades. XM offers an islamic version of this account.

Ultra low account: it is an account designed for professional traders who want to trade with fast executions and extremely low spreads, which requires a minimum deposit of $100. It offers variable leverage of 1:1 to 1:500 and a minimum transaction size of 0.01 lots. Concerning spreads, this account offers variable and low spreads from 0.0 pips for major currency pairs such as EUR/USD. Ultra low accounts charge a commission of USD 5 for each lot traded by the trader and allow hedging strategies (coverage). There is also an islamic account version for the zero account.

Shares account: it is a specialized trading account for investors interested in trading with shares of the main stock markets. Through this account, XM customers can trade with more than 100 individual shares in the united states, germany and the united kingdom, including the shares of the most important companies listed on these markets. The minimum deposit to open an account of this type is $10,000. It does not offer any leverage, hence the minimum deposit so high compared to other accounts, which means that in all transactions 100% of the trading margin comes from the capital of the trading account.

Demo accounts

Trading platforms

It has a multilanguage program interface.

Its interface is very user-friendly.

Metatrader 4 includes a complete package of technical analysis tools which include advanced charts and more than 50 in-built indicators.

Different types of executions and orders which allow the implementation of different trading strategies.

This platform allows the creation, evaluation (through a backtesting module) an implementation of automated trading systems called expert advisors.

It includes an internal mailing system and online news.

History database management and real-time data import/export facility.

This application allows creating custom indicators.

-XM webtrader: XM also offers a web-based trading platform called XM webtrader which is based on metatrader too. This application allows accessing the account and trade in the market from any place with an internet connection. It also includes multiple trading tools such as price charts with different time frames, built-in technical indicators, real-time quotes, market news and various types of orders to trade on the market.

-XM multiterminal MT4: A platform that is based on metatrader 4, which is designed for professional traders who are interested in trading with currency pairs (forex), CFD and futures through multiple trading accounts and a single interface and platform. This application offers multiple order types and allows managing over 100 accounts simultaneously.

-XM MAM trader: for fund managers, portfolio managers and multiple account holders, XM offers an application designed to manage multiple trading accounts called XM MAM trader which is based on metatrader 4. This platform has many of the features of metatrader 4 as advanced price charts, automated trading, and expert advisors. This application allows managing multiple MT4 trading accounts with a single interface. It is an application that allows the simple and efficient management of multiple accounts of metatrader through a simple interface, making it ideal for professionals who manage accounts and funds of a lot of investors.

-now, this broker offers the following applications based on metatrader which are designed to access the account and trade in the market with different mobile devices:

XM – forex broker rating and review 2021

XM group (XM) is a group of regulated online brokers. Trading point of financial instruments ltd was established in 2009 and it is regulated by the cyprus securities and exchange commission (cysec 120/10), trading point of financial instruments pty ltd was established in 2015 and it is regulated by the australian securities and investments commission (ASIC 443670) and XM global limited was established in 2017 and is regulated by the international financial services commission (000261/106). Our clients benefit from direct access to the financial markets in over 300 financial instruments. 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 with transparent real-time pricing, lowest spreads, and flexible leverage.

We value business efficiency - this is why we regard speed and fairness as crucial.

Up to 888:1 leverage. *this leverage is not available to all the entities of XM group. Leverage depends on the financial instrument traded.

8 platforms, including metatrader4/5 and webtrader

Deposit bonus up to 5 000 USD. *clients registered under the EU regulated entity of the group are not eligible for the bonus

Webinars

Tutorials

Account funding 100% automatic

IB partner program with tailor made solutions for every partner

Minimum deposit is only $5

Tight forex spreads

Currency converter available on official site

Comfortable and safe trading

Broker review

Strong selling points of XM focus on its NO requotes, no rejection policy as well as its tight spreads which combined with its no minimum deposit policy attract medium size traders which seek for an MT4/5 broker with clean trading conditions with NO high minimum deposit limitations.

Account types

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

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

Lots restriction per ticket

Figures should be considered as a guideline – tailor made solutions can be arranged to accommodate for each client’s needs. If the deposit currency is not USD, the indicated amount should be converted to the deposit currency.

XM broker offers its customers fractional pip pricing. This means that instead of quoting prices with four(4) digits, XM allows you to benefit from the smallest price movements by adding a fifth digit (fraction). Fractional pip pricing allows for tighter spreads and the most accurate quoting possible. This pricing is the result of our efforts to get the best prices from our multiple liquidity providers.

Regulation of XM

Trading point of financial instruments pty ltd is authorized and regulated by ASIC (AFSL no. 443760).

The full information can be found here: http://www.Xm.Com/regulation

Trading point of financial instruments ltd is regulated by the cyprus securities and exchange commission (cysec 120/10)

Trading point of financial instruments pty ltd is regulated by the australian securities and investments commission (ASIC 443670

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

Spreads

Though XM is not no spread forex broker, the spreads are tight and are in the fair range of the industry. From default spreads are set to variable with EUR/USD set to an average of 1.9 pips.

XM trading information

XM — latest reviews and comments 2021

I can't trust xm anymore. I deposited money and I made so much money but when i wanted to withdraw they said I have violated the rules. I don't recommend xm anymore amd they took all my money.

Halati maxwell 29 january, 2021 reply

I've been trading on XM and there trades lag whenever I have made profits that are half the money I used to fund my account. The lag is for a minute or two. By the time the lag ends i would be in the red- with a blown account. I'm shutting down XM. XM trades against you.

They took money without my permission send via BTC to another account that is not belong to me. Choose very carefully your broker, I do not recommend to use XM.

Faruk 24 december, 2020 reply

I made a withdrawal over a week ago and i still haven't received my money in my bank account. But the deposit takes a mater of few seconds to happen. I'm very unhappy with that i can't get money back now. Called the bank and they said no money has been sent to my account from XM. Stay away from this broker. It will end in tears.

Thabanag 24 november, 2020 reply

I wish I came to this review site before I started trading with with those scammers. I was trying to withdraw R1800 today and was told i violated rules. They use people to trade for them and steal their money when we try to make withdrawals.I wanna sue them or something. Why aren't we doing anything about this we all have the same complaints.

XM for me is a genuine broker. First they offer 30$ bonus and trust me this is the best in the industry since they have a very few conditions to meet for profit withdrawls. Second, they dont charge any % for all deposits and withdrawals and moreover the withdrawal are very fast as compared to other brokers. They have a very huge options for CFD tradings. Overall, I have used XM for 5 years now and I am a very happy client. I also use fxpro and hotforex sometimes, they are also better.

Sanjog 24 november, 2020 reply

They will offer you a free $30 no deposit bonus and the account become profitable you will received an email that you violated rules without an explanation. If you asked their chat agent you ended up talking to a robot.

Jess 23 november, 2020 reply

Please read the T&S properly,

Sanjog 24 november, 2020

I got the bonus traded and made $61 profits then the moment I withdrew it I got an email that said I have viloted section b of the terms and conditions of the broker.

Philani 29 november, 2020

I opened a standard account with xm and the spreads for currency pairs are way too high. Then I opened an ultra low account still all I see is fixed spreads but when you review their services they say they offer tight spreads.

Kevin rakuba 12 november, 2020 reply

I haven't recieved my withdrawal, it's been a whole week (7 days) now. XM isn't a trustworthy broker for real. The transaction says "approved" but there is no action that has been made. They're 100% scammers.

Siphiwe 30 october, 2020 reply

Siphiwe, did you finally get your money? Your response is crucial because I want to fund.

Forex gump 15 november, 2020

I withdrew my money and xm decided to terminate my account and took all the profits I made now I have nothing on my platform. Xm is a broker you no longer have to trust.

Sarah 29 october, 2020 reply

I withdrew 2 times, I did not receive my money even today.

Sithembiso 23 october, 2020 reply

Try withdrawal using the "local bank transfer" option, it's works for san bank accounts, you won't regret it.

Pieceofmind 23 november, 2020

XM rating

XM reviews rating

The war between the establishment on wall street and small-time investors is far from over as not only are retail traders still betting against short sellers of gamestop.

The sound you are listening to is the stock market cracking from within, as a few funds liquidate their books to cover losses on their short bets, which retail.

USDCHF has been developing within a consolidation area over the last three weeks, hovering around the ichimoku cloud lately. The short-term oscillators.

EURJPY is currently resting on the 50-day simple moving average (SMA) at 125.74 after a bounce off the lower bollinger band, which is encapsulated within a critical.

NZDUSD is finding some support from the flattening ichimoku lines while primarily creeping sideways, after the small pullback from the multi-year high of 0.7314.

The latest inflation update out of australia will hit the markets at 00:30 GMT wednesday. Forecasts point to a muted print, though that is unlikely to result in further.

USDCAD climbed above the short-term descending channel earlier today in the four-hour chart but failed to jump above the 1.2780 resistance, returning lower.

GBPUSD is retreating somewhat after the pullback off the 33-month high of 1.3745 in the preceding week. Currently, the pair is flirting with the 20-day simple.

Xm maximum lot size

XM trading platform review was conducted by the team of our professional forex experts for those who want to invest with XM.Com trading platform. Formerly founded in 2009 as trading point of financial instruments ltd, it is a regulated forex broker in the republic of cyprus. The company was originally established by a group of interbank traders who required to recover the level of services in the forex trading communal. Through XM, traders now have access to the cfds, commodities and forex marketplaces.

Featured site

XM forex trading platforms

XM MT4 download

MT4 multiterminal

Mac MT4

XM.Com MAM

Webtrader

Ipad trader

XM review 2020

Review contents:

Introduction;

Trading account types at XM;

XM trading conditions;

Trading elements offered at XM;

Safety of funds, regulations, and licenses;

Additional information;

XM review conclusion.

Introduction: many assets and strong regulations

XM is a part of the XM group, which is a part of the trading point of financial instruments UK ltd. It was established in 2009. It managed to become one of the biggest trading firms in the industry. XM has over 1.5 million clients from 196 countries. They pride themselves on being fair, understanding and big. They provide many elements that have become useful to traders.

This XM review will analyze all of the advantages and disadvantages of the broker. We urge you to read the full review before you trade with XM. It is always important to gather much information as possible about any broker before you invest money with them. We hope this review will help you make the right decision.

Trading account types at XM

XM offers four account types to traders. See the full list of their features below.

Micro account

Base currency options: USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR

Contract size: 1 lot=1,000

Maximum leverage: 1:888

Negative balance protection: yes

Average spread on all majors: from 1 pip

Commission: none

Minimum trade volume: 0.01 on MT4, 0.1 on MT5

Trading bonuses: yes

No deposit bonuses: no

Islamic account: optional

Minimum deposit: $5

Standard account

Base currency options: USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR

Contract size: 1 lot=100,000

Maximum leverage: 1:888

Negative balance protection: yes

Average spread on all majors: from 1 pip

Commission: none

Minimum trade volume: 0.01 lots

Trading bonuses: yes

No deposit bonuses: no

Islamic account: optional

Minimum deposit: $5

XM ultra low account

Base currency options: USD, EUR, GBP, AUD, SGD, ZAR

Contract size: 1 lot=100,000 or 1 lot=1,000

Maximum leverage: 1:888

Negative balance protection: yes

Average spread on all majors: from 0.6 pip

Commission: none

Minimum trade volume: 0.01 lots or 0.1 lots

Trading bonuses: no

No deposit bonuses: yes

Islamic account: optional

Minimum deposit: $50

Shares account

Base currency options: USD

Contract size: 1 share

Maximum leverage: none

Negative balance protection: yes

Average spread on all majors: varies

Commission: yes

Minimum trade volume: 1 lots

Trading bonuses: no

No deposit bonuses: no

Islamic account: optional

Minimum deposit: $10,000

Trading conditions at XM

XM has been in the industry for a decade. They have developed enough experience. Thus, they have the right tools to provide to their traders. They offer over 1000 trading instruments, average spreads as low as 0.6 pips, leverage of up to 1:888 and very generous bonuses.

The leverage varies on the deposit, available funds on the account and trading size. See the list below:

1:1 to 1:888 for $5-20,000

1:1 to 1:200 for $20,001-100,000

And 1:1 to 1:100 for $100,001 and more

It is great that XM gives an option to choose your own leverage. Nevertheless, leverage only lowers with large amounts of deposits. Higher leverage involves much higher risk, so it makes sense why it is higher for lower deposits. XM wants to protect its users from losing too much money at once. Thus it offers 1:100 maximum leverage of $100,000 or more.

The spreads are average for the industry. Though the lowest available spread is 0.6 pips, it is still not good enough for the industry. Especially that the lowest spread is on the micro account.

The minimum deposits are very low. $5 to open a live account is more than what traders could ask for. In fact this makes XM a great broker for beginners.

XM offers both MT4 and MT5 platforms to the users. You can download either one of the platforms on your mobile, desktop or trade from the web. The advantages of both platforms are that they are versatile, provide charting analytics, expert advisors, and more.

Overall, the trading conditions at XM are good. However, there are some drawbacks. Such as having a high leverage on small deposits. But overall, the specs offered outweigh the disadvantages.

Trading elements offered at XM

XM offers over 55 currencies to trade. They have major, minor and some exotic currency pairs. XM also offers five cryptocurrencies, including bitcoin, litecoin, and ethereum. Their cfds are vast, offering over 940 options such as precious metals, oils, stocks, and more.

The options for tradable financial instruments are pretty good. Though the currency list is comparably short to other brokers, it still offers all the basic pairs. The CFD list is large, giving you a chance to dabble into whichever commodity or stocks you would want. It is also great that XM offers cryptocurrencies since we have come across many brokers who do not. As crypto continues to become more popular on a daily basis, it is important to have an option to trade it from the start.

Safety of funds, regulations, and licenses at XM

XM prides itself on their regulations. As they are active in many different countries, and they have strong regulations to prove their trustworthiness to their users.

XM is regulated by ASIC with their license number 443670. Also by IFSC with the number IFSC/60/354/TS/18, cysec 120/10, and FCA 705428.

ASIC is the regulating financial institution in australia. They are strict and demanding. The fact that XM is regulated by ASIC is definitely reassuring.

IFSC is also quite important in global regulations. They are relatively new to the market but still provide strict regulations.

Cysec is not seen as the most trustworthy regulator, as they are offshore. But they still regulate many great brokers. In the end, it depends on the broker itself to prove users their trustworthiness.

FCA is one of the toughest regulators in the world. Receiving their regulation is hard, as there are many requirements. Seeing FCA on the list of XM regulators is definitely a very big positive sign.

Overall, we consider XM to be a well-regulated broker. We consider them to be trustworthy. Your funds are guaranteed to be safe with XM.

Additional information about XM

The XM website is overly simplified. This comes in handy when looking for any information about the broker. Their menu lists everything, without having to open any drop downs. The website is available in a good amount of languages, such as english, malaysian, chinese, greek, russian, indonesian, french, italian, german, polish, arab, spanish, korean, portuguese, vietnamese, and more. We are happy to see XM including so many cultures in their user base.

The customer service at XM has won multiple awards. They provide help in fourteen languages. You can get in touch with the customer support via telephone or email. They are available 24 hours during trading days. Their live chat does not pop up on the homepage, rather you have to go to the menu and find it. Once you click the tab, the chat will pop up at the end of the window and you will have to put in minimal credentials to start speaking with a representative.

XM provides a large list of educational content. They have some of the best material to offer in the industry. They have beginners, intermediate and professional levels. Whichever type of trader you are, you will definitely benefit from their courses and ebooks. They are easy to find on their website. Everything is listed on the menu.

The payment options are inclusive to many countries and XM keeps updating their options. They offer:

Credit/debit cards

Bank wires

E-wallets

They recently added more ewallet options, such as moneta, qiwi, cashu, abaqoos, przelewy24, giropay and fasapay. They have no fees for transfers unless it involves international bank wires. Even then they vary depending on the bank itself but XM does not add any additional charges.

XM review conclusion — very well regulated broker

In the end of this XM review we have to state that, we are quite satisfied with XM. They have high security and regulations, due to which we consider XM to be a trustworthy broker. We consider the safety of funds to be one of the most important aspects in trading and XM seems to provide a higher amount of security possible.

They provide a good amount of options for account types. Whether you wish to develop your skills on demo and novice XM zero accounts or want to trade professionally, you receive good benefits. We would also like to mention their bonuses which include:

No deposit bonus for specific XM zero accounts

Welcome bonus for all XM zero accounts

Loyalty programs

Special seasonal bonuses

It is great to see brokers reward their users from the get-go. Loyal users receive many benefits which give you tradable points. The welcome bonus is equal to a 100% match for up to $5,000. The no deposit bonus is $30 and can be used immediately upon registration.

Overall, we are happy with XM. We think they might be worth your time, especially if you want to develop your knowledge thoroughly with educational materials. They provide good tools for traders. We think you will be satisfied with what you receive.

General considerations

Thus, you see that XM is providing a wide range of possibilities for trading. Moreover, you can choose your own leverage. Nevertheless, leverage only lowers with large amounts of deposits. Thus, higher leverage involves much higher risk. XM is concerned about protecting users from losing too much money at once.

As you already know the minimum deposits at XM is very low. You can open $5 to open a live account. Thus, XM is a very good broker for beginners as well.

Moreover, the XM is offering over 55 currencies to trade. They have some exotic, minor and major pairs. XM is also offering five cryptocurrencies, including ethereum, litecoin, and bitcoin. Offering over 940 options such as precious metals, stocks, oils and more. Their cfds are vast.

The XM website is very simple. When looking for any information about the broker, that can be very handy and useful. The website is also available on various languages. The languages include vietnamese, portuguese, korean, spanish, arab, polish, german, italian, french, indonesian, russian, greek, chinese, malaysian, english and more.

At XM the service of customers has won multiple awards. They are providing help in fourteen languages. Moreover, via email or telephone you can get in touch with the customer support. They are available during the forex trading days 24 hours. To find their live chat you have to go to the menu and find it there. As it does not pop up on the homepage. Thus, the chat will pop at the end of the window, once you click the tab.

Bottom line – regulations and safety

Also, XM has the regulations and high security of course. XM is considered to be a trustworthy broker. One of the most important aspects is the safety of funds. Thus, XM provides that aspect: the highest amount of security possible. If you want to develop your knowledge with the help of the educational materials then XM is the right choice for you. Good luck!

So, let's see, what was the most valuable thing of this article: XM has limitations on trading volume for each account. Please refer the table below. Account types limits per trade limits per account ... At xm maximum lot size