XM Trading is one of the largest Forex trading companies in the world. The types of XM currency pairs are “FX 57 types, commodities 8 types, stock index 18 types, energy 5 types, precious metals 4 types”. Therefore, it can be traded in a very wide range and is also a recommended trader. However, there is only one disadvantage, and the yen currency pair is a little small. We do not handle transactions such as ZAR / JPY and TRY / JPY. It may not be enough for those who like minor currency pairs. Please note that XM does not handle virtual currencies.
XM Trading is divided into several accounts according to each trader’s preference. You can choose your favorite type. The differences are summarized in a table.
|item||Micro account||Standard account||Zero account|
|Maximum trading volume||100||50||50|
|Minimum trading volume||0.01(MT4)|
|Minimum deposit (dollars)||5||5||100|
|Transaction fee ($)||None||None||5|
|Number of FX currency pairs||57||57||56|
|Precious metal trading||4||4||2|
XM Trading supports the following currency pairs.
Other companies are good for scalping trade
If scalping trade is the main thing, Tradeview and Axiory are better. Because the spread is very narrow. For those who aim for shorts with trend-following strategies and day trading, XM will be fine. XM has a slightly wider spread and is wider than Gem Forex.
EA is at your own risk
XM can also be bought and sold automatically. You can use it, but if there is a one-sided trend, the unrealized loss will be large and all the principal will often fly away. Although it is your responsibility to invest in general, please be aware that EA trades can fail in one trend even if the winning percentage exceeds 90%.
Low risk, low return for beginners
Beginners should not be familiar with Forex yet, so start trading with a small number of lots. If you have one position and one lot, you will not suddenly go bankrupt. Let’s start low risk and low return.