Would you like to get the whole information of XM? Do you want to trade with XM? Are you confused or worried about the policy and sign-up procedure for it? Would you want to learn forex trading on XM online trading platform? Congratulations! This article is an apple of an eye for you. Our main target is to provide complete authentic knowledge that is safer for your trading.
We are going to show an XM review with pros, cons, and fee structure. So let’s get started!
XM is an online broker and the head of this company is Trading Point Holding(TPH). It is available globally and it is regulated by 3 financial authorities; the International Services Commission of Belize (IFSC), the Australian Securities and Investment Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC).
Pros and Cons
- It has low withdrawal fees and stock CDF.
- Fast and user-friendly account opening.
- Lots of wonderful educational tools.
- It has a limited product portfolio.
- Average stock index and forex fees.
- There is no protection for the outsiders of the EU.
Ranking of Fees
The fee level is low, high, or an average depending on the comparison of every reviewed broker. First of all, let’s take some basic terms and conditions about the fees of the broker. It depends completely on you what type of trading fees or non-trading fees.
Non-trading fees: In this way, the charges of fees are not directly consulted to the trading such as inactivity fees or withdrawal fees.
Trading fees: In this way, the fencing rate, spreads, conversion fees, and commissions happen when you want to trade.
The below sections familiarize you with the most appropriate fees of XM. Such as, in the case of stock index trading and forex trading the most essential fees are commission, financial rates, and spreads.
Trading fees of XM
As we said earlier the fees of XM are very low, and it has a lot of account types that are different in pricing. The micro, ultra, and standard low accounts charge large spreads but without commission. Zero accounts charge less spreads but with commission. Here are some calculations that are going to help you find the standard of the account.
Yes, we know that it is very hard to compare trading fees for the broker of CDF. Here is the comparison between the brokers by calculating the fees of trading for selected products.
- Stock CDFs: Vodafone and Apple.
- Forex: AUDUSD, EURGBP, EURCHF, EURUSD and GBPUSD.
- Stocks index of CDFs: EUSTX50 and SPX.
The meaning of typical trade is buying a worked position, catching it for the 1 week after selling. For volume, we select the 2000$ position for stock CDFs and stock index and 20000$ for forex transactions. The use of leverage is listed below;
- 30:1 is used for forex.
- 20:1 is used for stock index CDFs.
- 5:1 is used for stock CDFs.
These are the benchmark of fees consisting of commission, financing costs, and spreads for all brokers.
Good Luck Folks!