Forex & CFD Trading on Stocks, Indices, Oil, Gold by XM™ (2024)

FAQs

How to get free 30$ in XM? ›

XM offers its clients multiple trading benefits to stay at XM, starting with a $30 Trading Bonus. In other words, we give you $30 worth of credit (non-withdrawable) just for opening your first Real Account, allowing you to test our products and services by starting to trade with no initial deposit.

Together with my brokerage analyst colleagues, I have thoroughly tested the services of XM by opening a real-money account. Here's what you need to know about XM: A broker is good for beginners if it has low fees and an easy-to-use platform. XM has a user-friendly mobile platform.

It depends on several factors, but most beginners tend to get exposure to indices at the start of their journey as forex is more suited for experienced traders. This is because the indices market follows the direction of stocks closely, making it slightly predictive of how the index will move in the future.

7 Asset Classes - 10 Trading Platforms - Over 1000 Instruments. Trade Forex, Individual Stocks, Commodities, Precious Metals, Energies, Equity and Thematic Indices at XM.

In addition, XM also provides traders with a 100% deposit bonus of up to $500 along with an additional 20% deposit bonus, with a cumulative amount of a maximum $4,500 or currency equivalent.

XM Welcome Bonus $5,000. The XM Welcome Bonus is available for users who deposit funds into their account until receiving the bonus amount of $5,000. After that, you get a 20% bonus on the amount you deposit. XM gives you a bonus on a deposit as small as $5.

XM is a forex broker that is particularly well-suited for scalpers. The broker offers very low spreads, fast order execution, and a wide range of currency pairs to trade.

Best Broker Alternatives for XM Group

Interactive Brokers - 9.9/10 Overall. Saxo - 9.7/10 Overall. CMC Markets - 9.6/10 Overall. FOREX.com - 9.4/10 Overall.

XM does not provide services to residents of the United States of America.

To trade indices, you need to put up margin. If you are trading with 1:100 leverage, you will need to put up $1000 to control $100,000 worth of an index. However, using all of your available margin makes little sense, because if the market moves against you, you will be liquidated rather quickly.

Are trading indices risky? ›

Stock index trading poses a lower risk than trading individual stocks due to diversification. If you trade a company stock and the company goes bankrupt, you can lose your investment.

If your goal is to take a buy-and-hold approach for positions in the long-term, then the stock market is a safer and regulated option that can result profits in even larger profits over a period of time, if that stock is successful.

Minimum deposit amount at XM

The minimum deposit at XM is $5. The minimum deposit means that you will need to transfer this amount to your brokerage account from your bank account to start trading. It is sometimes called an initial deposit or funding.

XM Broker NASDAQ 100 Trading Conditions

Minimum Deposit: 95 ZAR on all XM account types. 8 Asset Classes: Indices (including US100) Forex, Crypto, Stock CFDs, Commodities, Precious Metals, Energies, Shares. Available Platforms: MT4/MT5 for Mobile, Web, and Desktop.

Leverage is solely a trader's choice. Most professional traders use the 1:100 ratio as a balance between trading risk and buying power. What is the best leverage level for a beginner? If you are a novice trader and are just starting to trade on the exchange, try using a low leverage first (1:10 or 1:20).

In order to activate and credit Account with No Deposit Trading Bonus all Eligible Clients need to perform phone number (SMS) verification of this “No Deposit Trading Bonus Scheme” offer in dedicated option in Members Area. 2. This “No Deposit Trading Bonus Scheme” applies only to new clients of XM.

Profits from trading on No Deposit Trading Bonus Accounts may be withdrawn anytime, provided that the trading volume in the relevant real trading Account reaches at least 10 micro lots ( 0,1 standard lots ), and provided that at least 5 round turn trades have been completed.

This means that XM Zero accounts have tighter spreads, making them more cost-effective for traders who execute high-volume trades. Another notable difference is the commission charged on XM Zero accounts. While Standard accounts do not have any commission fees, XM Zero accounts charge a small commission per lot traded.