The leverage is just too high... It is flexible, but it give traders a leverage that would encourage them to take unnecessary risks. Trading on its own carries considerable risk, and then when combined with a leverage that high... it almost makes no sense. Imagine trading GBPUSD with a 1000x... good luck. If you chose to use the broker, make sure you use a max of 1:100. That is high enough. But other the broker is good overall. They have a lot of trading instruments available for traders to use.
Broker trading conditions, market range, and withdrawal payment methods can be debated, but a broker's customer support is either good or bad. XM is known for having one of the best customer support among brokers, and I can attest to it. Also, If you think you won't need to contact them, you are mistaken. At one point every trader must reach out to them.
I waas a complete novice in the traing sphere, but I had the desire to learn, and I stumbled upon their website. It is very professional-looking and their webinars were pretty helpful. I think their Learning center is one of the biggest things about them, this seems to be a broker for newer people. Even their minimum deposit says as much. My trouble is, they produce too much content. For me, I can't even consume it all. Every freaking day, from Monday to Friday. They even have a beginner room and an advanced room (always go for advanced, for beginners they explain stuff like what is crypto, entry-exit strategies, finding simple patterns etc). If you want to watch ALL of their content, its a full-time job. I can't handle it. 8 hours for beginners + 8 hours for advanced stuff lol.
They are regulated by a variety of organizations in different jurisdictions and it indicates their reliability. At least, I was taught to make conclusions based on licenses and reviews. Reviews are also of different sentiment, but the average one is positive. Traders express their gratitude to the broker for being a robust and technically-equipped platform. I am trading on the demo account and due to their educational stuff I am gradually improving my skills. I apply received knowledge in practice, use various indicators, try to create a good strategy and it's awesome. Keep it up, XM!
As far as I know XM broker has been operating in the financial sector for a long time and they have a lot of licenses from international regulators which make me trust them fully. That’s a key point why I chose them. However, I think their trading platform does not have many features for effective trading, I don’t know what other traders think but personally for me there are not many tools.
Honestly, I didn’t expect anything from this broker but after opening a few deals on the forex market I noticed that spread indeed starts from 0,6 pips as it was described on the ultra low standard account. I think in the future I will make more money because now I know that spreads won’t bite part of my profit much. I’m going to check out spreads on other types of markets.
This is a huge company but I do not remotely think that they are perfect. For one, I truly expected that they would have more trading platforms. The MT4 and MT5 are similar so that counts as one trading platform. I think the broker can do a lot better in that regard... it is a BIG broker, is it not? But there are also some areas that I find very good, such as the payments. It is exactly what a payment experience should be; No delays, very effective, and and easy to initiate. I am speaking both on deposits and withdrawals, and the broker is affordable too.
those tools integrated into the metatrader 4 help me to analyze the market. for instance, 1 click trading function ensures absence of any confirmation of the order if you make a market one. it means that it will be executed right away and the price if there is no high volatility won't change drastically. apart from classical tools like indicators, oscillators, it's a convenient instrument.
I feel like I am at a discount rack. The fees are so low, the spread is non-existant, and I got money just for signing up. These are by far the best conditions I've had with any broker. Demo account was flawless but I thought it is staged when I tried it. Now I see that even on real I can hardly see any slippage so far, and essentially 0 fees. There was this Yen crash to 158.2 and rebound to 152, and I managed to catch them both near flawlessly lol, what a month that was. Their trading account should be straight-up illegal, spread on Ultra Low is almost always below 1-2 for me, its a steal.
Recently, I needed to contact customer support at XM, and you can probably imagine how I felt that day. I had some questions regarding withdrawals. My bank card expired, and I didn’t know if I would still be able to use it for withdrawals since I haven't exceeded the amount that I deposited using the same card. I am not a native English speaker, and I was surprised to see that my language was available as one of many languages spoken at XM. I have never paid attention to this before. The support team was knowledgeable and answered my questions immediately. Luckily, using the same bank card was no problem since my bank account linked to that card was still active. Long story short: XM has excellent support!
The leverage is just too high... It is flexible, but it give traders a leverage that would encourage them to take unnecessary risks. Trading on its own carries considerable risk, and then when combined with a leverage that high... it almost makes no sense. Imagine trading GBPUSD with a 1000x... good luck. If you chose to use the broker, make sure you use a max of 1:100. That is high enough. But other the broker is good overall. They have a lot of trading instruments available for traders to use.
Broker trading conditions, market range, and withdrawal payment methods can be debated, but a broker's customer support is either good or bad. XM is known for having one of the best customer support among brokers, and I can attest to it. Also, If you think you won't need to contact them, you are mistaken. At one point every trader must reach out to them.
I waas a complete novice in the traing sphere, but I had the desire to learn, and I stumbled upon their website. It is very professional-looking and their webinars were pretty helpful. I think their Learning center is one of the biggest things about them, this seems to be a broker for newer people. Even their minimum deposit says as much. My trouble is, they produce too much content. For me, I can't even consume it all. Every freaking day, from Monday to Friday. They even have a beginner room and an advanced room (always go for advanced, for beginners they explain stuff like what is crypto, entry-exit strategies, finding simple patterns etc). If you want to watch ALL of their content, its a full-time job. I can't handle it. 8 hours for beginners + 8 hours for advanced stuff lol.
They are regulated by a variety of organizations in different jurisdictions and it indicates their reliability. At least, I was taught to make conclusions based on licenses and reviews. Reviews are also of different sentiment, but the average one is positive. Traders express their gratitude to the broker for being a robust and technically-equipped platform. I am trading on the demo account and due to their educational stuff I am gradually improving my skills. I apply received knowledge in practice, use various indicators, try to create a good strategy and it's awesome. Keep it up, XM!
As far as I know XM broker has been operating in the financial sector for a long time and they have a lot of licenses from international regulators which make me trust them fully. That’s a key point why I chose them. However, I think their trading platform does not have many features for effective trading, I don’t know what other traders think but personally for me there are not many tools.
Honestly, I didn’t expect anything from this broker but after opening a few deals on the forex market I noticed that spread indeed starts from 0,6 pips as it was described on the ultra low standard account. I think in the future I will make more money because now I know that spreads won’t bite part of my profit much. I’m going to check out spreads on other types of markets.
This is a huge company but I do not remotely think that they are perfect. For one, I truly expected that they would have more trading platforms. The MT4 and MT5 are similar so that counts as one trading platform. I think the broker can do a lot better in that regard... it is a BIG broker, is it not? But there are also some areas that I find very good, such as the payments. It is exactly what a payment experience should be; No delays, very effective, and and easy to initiate. I am speaking both on deposits and withdrawals, and the broker is affordable too.
those tools integrated into the metatrader 4 help me to analyze the market. for instance, 1 click trading function ensures absence of any confirmation of the order if you make a market one. it means that it will be executed right away and the price if there is no high volatility won't change drastically. apart from classical tools like indicators, oscillators, it's a convenient instrument.
I feel like I am at a discount rack. The fees are so low, the spread is non-existant, and I got money just for signing up. These are by far the best conditions I've had with any broker. Demo account was flawless but I thought it is staged when I tried it. Now I see that even on real I can hardly see any slippage so far, and essentially 0 fees. There was this Yen crash to 158.2 and rebound to 152, and I managed to catch them both near flawlessly lol, what a month that was. Their trading account should be straight-up illegal, spread on Ultra Low is almost always below 1-2 for me, its a steal.
Recently, I needed to contact customer support at XM, and you can probably imagine how I felt that day. I had some questions regarding withdrawals. My bank card expired, and I didn’t know if I would still be able to use it for withdrawals since I haven't exceeded the amount that I deposited using the same card. I am not a native English speaker, and I was surprised to see that my language was available as one of many languages spoken at XM. I have never paid attention to this before. The support team was knowledgeable and answered my questions immediately. Luckily, using the same bank card was no problem since my bank account linked to that card was still active. Long story short: XM has excellent support!