XM Swap Free account
The XM Swap Free account offers a great way to practice forex trading in a risk-free environment. Unlike most other trading platforms, it allows you to trade without risking your own money. The account offers a demo version of the XM platform. You can try it for 30 days or as long as you want. You can even add more than one account to your profile.
There are several account types at XM, each with different conditions and features. You can choose from micro or standard lots, unlimited Expert Advisors, free intra-day market updates, technical analysis, fast execution, and 24/5 customer service. XM provides the support and services traders need to succeed in the foreign exchange market.
XM offers a large variety of trading markets and over a thousand assets to traders worldwide. XM is regulated by three regulatory bodies worldwide, including the UK’s FCA. These agencies all work to protect their clients. Furthermore, XM is licensed by Australia’s ASIC and Cyprus’ CySEC.
XM also offers Islamic trading accounts for their Muslim clients. These accounts are available for Muslim traders through their regular account opening process. Once opened, the Islamic account can be converted into a swap-free account. However, it is essential to note that if you start trading before changing the status, you risk incurring interest charges. XM is an excellent choice for Muslims.
XM Ultra Low Micro account
The XM Ultra Low Micro account is a low-cost micro or standard lots trading option. The minimum initial deposit is $50 and spreads start at 0.6 pips. In addition, the Micro and Standard accounts operate commission-free, while the Shares account requires a commission-based minimum deposit of $10,000. These two account types are similar but with different features. The Micro account allows you to trade micro lots, and the Standard account can only handle standard lots.
While XM Ultra Low Micro accounts have the same minimum deposit as their standard accounts, they offer more flexibility in currency selection. For example, a micro account allows you to trade with currencies other than US dollars, such as ZAR or SGD. Both accounts also let you use a variety of currency pairs, including AUD and CAD.
The XM Ultra Low Micro account has several benefits for novice traders. One of the significant advantages is the low starting commission and active negative balance protection. In addition, the minimum trade volume is 0.01 lots for MT4 and 0.1 lots for MT5. This means you can start trading with a smaller amount and slowly increase the size of your accounts.
Another notable feature of the XM micro account is the availability of a wide range of currencies. While the standard account is limited to USD and EUR, the Micro Account is available in a broader range of currencies with lower spreads. In addition to USD, XM also has options for GBP and AUD. Other currencies you can trade with a micro account include HUF, ZAR, and SGD.
XM Ultra Low Standard maximum ratio
The XM Ultra Low Standard Account offers low spreads and commission-free trading. With a standard account, spreads start at 0.6 pips. This equates to $6.00 per 1.0 standard lot. Other currency pairs have a higher markup. This account type also offers negative balance protection.
Traders who want the lowest spreads and tightest spreads can choose this account. It allows them to trade large amounts with small margins. The maximum leverage, however, is 1:1,000. This leverage is not available to all entities in the XM Group. It also depends on the financial instrument traded.
Another benefit of the XM Ultra Low Standard Account is its low minimum deposit. This account allows investors from all over the world to participate in Forex trading. This account is designed to be low-cost and easy to use. It also allows users to use all of the broker’s trading platforms. Traders can choose from MT4 or MT5, each offering a range of timeframes and chart options. It also allows users to trade in multiple currencies.
XM Ultra Low accounts offer low spreads and low commissions. In addition, they also have a 1:30 maximum leverage. The only caveat is that the XM Ultra Low account is unavailable to all XM Group entities. A client’s location will determine whether this account type is available in their country.