The broker XM in a Few Words  

XM.COM is a well-respected and reliable broker that offers its clients a wide range of investment options and tools. The company has earned a reputation for providing excellent customer support and comprehensive learning materials that help its clients improve their skills and knowledge. Although XM.COM may not be the cheapest broker on the market (although very competitive), its commitment to quality and customer satisfaction makes it an excellent choice for both beginners and experienced investors. In addition, the company’s user-friendly platform and advanced trading tools make it easy to manage and grow your investment portfolio. Overall, XM.COM is a trusted and reliable broker worth considering for investing in the financial markets.

Type of accounts and Offering

XM offers three forex trading accounts: Micro, Standard, and XM Ultra Low. The main difference between these account types is the contract specifications of each symbol. Still, the XM Ultra Low account offers additional benefits, such as zero swaps and lower spreads. This account type is designed for traders who want to take advantage of the most competitive trading conditions and minimize their trading costs. Additionally, the XM Ultra Low account allows traders to access the same trading instruments but capitalize on broader market opportunities. Overall, XM’s offering of different account types will enable traders to choose the account that best meets their individual needs and goals.

Available Platforms and Learning material

XM Group offers a range of trading platforms for its retail clients, including the popular MetaTrader 4 and MetaTrader 5 platforms. These platforms are available for desktop, web, and mobile devices, allowing traders to access their accounts and trade from anywhere. In addition to these platforms, XM Group also offers the XM WebTrader platform, a browser-based platform that does not require downloads or installations. This allows traders to quickly and easily access the markets and trade with ease. Overall, XM Group offers a range of platforms to meet the needs of different traders and their trading styles.

In addition, XM Group’s Research and Education center offers daily updates and briefings on market events and trading sessions. The team of 20 multilingual market professionals provides a diverse knowledge base to help customers gain a competitive advantage. The daily updates and briefings cover all major trading sessions and critical market events, giving customers access to the latest information and analysis. This helps traders stay on top of market developments and make informed trading decisions. The Research and Education Center is a valuable resource for XM Group’s customers, providing them with the tools and knowledge they need to succeed in the markets.

Cost of Trading

The cost of trading can be divided into subcategories, including the commission paid for each transaction. The commission is often the most transparent fee associated with trading, but other hidden costs can be more expensive than the stated commission on a Broker’s website. Spreads and swap charges are two examples of hidden fees that can add up quickly and increase the overall cost of trading. Spreads refer to the difference between a security’s bid and ask price, while swap charges are fees applied to positions held overnight. Both of these fees can significantly impact the profitability of a trade, so traders need to understand how they work and how to minimize their impact.

Please find below a comparison of the XM ultra-low account’s cost of trading with other brokers:

XM Ultra account offers competitive spreads on popular currency pairs such as EURUSD and XAUUSD. It has the second-lowest spread on EURUSD among all brokers and the lowest spread on XAUUSD among its direct competitors. Additionally, the XM Ultra account does not charge swaps on major pairs, which can be beneficial for clients looking to hold positions for the long term. This is especially useful, considering many other brokers charge swaps on these pairs. The XM Ultra account is a good option for traders looking for tight spreads and low trade fees.