Copytrading Forex Brokers

XM

XM was established in 2009 and has grown into a world-renowned broker with more than 600 professionals who have been in the financial field for many years

XM was established in 2009 and has grown into a world-renowned broker with more than 600 professionals who have been in the financial field for many years, serving more than 5,000,000 users from 196 countries and regions . XM is currently regulated by the Belize Financial Services Commission (regulatory number: 000261/158), the Cyprus Securities and Exchange Commission (regulatory number: 120/10), the Australian Securities and Investments Commission (regulatory number: 443670), and the Dubai Financial Services Authority (regulatory number: 443670) F003484) regulation.

Security Analysis

XM holds a number of mainstream regulatory licenses. All users of XM enjoy a negative balance protection policy, and users will not bear the risk of losing more than their account balance. In addition, the company does not charge any fees for deposits and withdrawals.

Main business

XM provides traders with mainstream and popular financial trading products in the financial market, a total of 6 major asset classes, more than 1000 products, mainly foreign exchange (55 currency pairs, including mainstream currency pairs, cross currency pairs and non-mainstream currency pairs), commodities, securities indices, precious metals (gold and silver), energy, stocks.

Leverage & Account

In order to meet the trading experience and trading needs of different traders, XM has set up four different accounts, namely mini account (minimum deposit of $5), standard account (minimum deposit of $5), ultra-low spread account (minimum $50 deposit) and a stock account (minimum deposit $10,000). Leverage settings for Mini Account, Standard Account and Super Spread Account are: $5-$20,000 is 1:1 to 1:888, $20001-$100,000 is 1:1 to 1:200, and greater than $100,000 is 1:1 Leverage to 1:100. Stock accounts have no leverage.

Spread & Commission Fees

Standard accounts start from 1.6 pips on EURUSD, 1.8 pips on EURGBP, 0.3 pips on Gold and 0.03 pips on Silver. Mini accounts start from 1.6 pips on EURUSD, 1.8 pips on EURGBP, 0.3 pips on Gold and 0.03 pips on Silver. The EURGBP spread in the ultra-low spread account starts from 0.7 pips, the EURUSD spreads from 0.06 pips, the gold spreads from 0.2 pips and the silver spreads from 0.022 pips. The Ultra Low Spreads Mini Account has spreads from 0.7 pips on EUR GBP, 0.6 pips on EURUSD, 0.2 pips on Gold and 0.022 pips on Silver. There are no commissions for trading on Mini Account, Standard Account and Ultra Low Spread Account. Stock transaction fees: 4% per trade for all US stocks (minimum $1 commission per trade), 0.10% per trade for all UK stocks (minimum $9 per trade), all German stocks per trade There is a 0.10% commission on each transaction (minimum $5 per transaction).

Trading Platform

XM provides traders with market-leading and acclaimed MT4, MT5 trading platforms. MT4 & MT5 software can be used for PC, Mac, mobile (iPad, Android, iPhone), web, and multiple terminals.

Deposits

The deposit and withdrawal methods supported by XM include credit card, electronic payment (Skrill, NETELL), local bank transfer, etc. The dealer does not charge any handling fee for deposit and withdrawal.

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