Forex trading software is an online trading platform provided to each XM client, which allows them to view, analyze and trade currencies, or other asset classes In simple terms, each XM client is provided access to a trading platform (i.e. software) which is directly connected to the global market price feed and allows them to perform transactions without the help of a third party Clients of XM platform are able to trade using up to sixteen trading platforms that support various order types, including limit, stop, market and trailing orders, which are all accessible using a singular account, speeding up all trading activities, giving all traders tremendous mobility and flexibility allowing them to trade from anywhere around the world, at all times of the day, with incredible speed and ease.4/5(1) 31/12/ · If you already have an XM trading account, but you would like to have it connected to an affiliate partner/IB, you need to follow the exact same steps: click on the unique link of the respective affiliate partner/IB, which will redirect you to XM, where you need to log in to the XM Members Area and open an additional XM trading account. To make sure that your newly opened trading account is
XM Group Forex Broker Review | How to Use XM Platform For Trading - ISO
As a regulated company, we operate in accordance with a number of compliance-related issues and procedures imposed by our main regulatory authority, IFSC. These procedures involve the collection of adequate documentation from our clients with regards to KYC Know Your Clientincluding the collection of a valid ID card and a recent within 6 months utility bill or bank account statement that confirms the address the client has registered with.
If you wish to update your email address, please send an email to validations xm. com from how to trade forex using xm registered email address, how to trade forex using xm. If you wish to update your residential address, please send an email to validations xm. com from your registered email address and upload the POR not older than 6 months confirming that address in the Members Area. It is simple and quick. Click Open a Real Accountfill in the form and upon completion you will receive an email with your login details that you can use to log in to our secure Members Area.
Here you will be able to fund your trading account by clicking the Deposits tab in the main menu. If you are already an XM Real Account holder you can open an additional account in the Members Area.
If you have already opened a trading account, received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice.
You can find detailed guidance to our trading platforms here. MICRO: 1 micro how to trade forex using xm is 1, units of the base currency STANDARD: 1 standard lot isunits of the base currency Ultra Low Micro: 1 micro lot is 1, units of the base currency Ultra Low Standard: 1 standard lot isunits of the base currency. First of all, you need to clear your browser cookies and cache. We offer MICRO trading accounts, where 1 micro lot pip is equal to 10 USD cents. However, your deposit is always visible in the actual amount, e.
if you deposit USD, your trading account balance will be USD. XM offers MICRO and STANDARD accounts. Yes, we do. You can request a swap-free Islamic account by following the instructions described here, how to trade forex using xm. At XM demo accounts do not have an expiry date, and so you can use them as long as you want. Demo accounts that have been inactive for longer than 90 days from the last login will be closed.
However, you can open a new demo account at any time. Please note that maximum 5 active demo accounts are allowed. No, you cannot lose more than the amount you deposited. Should the slippage of a certain currency pair cause a negative balance, it will be reset automatically with your next deposit. As the bonus amount is part of your equity and can be used for trading, it is possible for you to lose it.
However, you do not have to refund it, moreover, according to the Bonus Terms and Conditions, you can receive a new bonus on your new deposit. XM is operated by XM Global Limitedhow to trade forex using xm ensures the safety of client funds and consumer protection as per the applicable laws and regulations.
Thus, the measures that XM undertakes include the following:. These funds are off balance sheet and cannot be used to pay creditors in the unlikely event of the Company's insolvency. As a regulated Securities Service Provider Licensee, we are obliged to meet strict financial requirements. Please right click on any of the symbols in the Market Watch that you want to see and choose the Chart Window option. Alternatively, you can drag-and-drop any symbol in the chart window.
We offer variable spreads that can be as low as 0. We have no re-quoting: our clients are given directly the market price that our system receives.
You can read more about our spreads and conditions here. The market is open from Sunday to Friday GMT. However, certain instruments have different trading hours e. CFDsthe details of which you can view here. XM has a Bonus Program with nonstop bonuses for trading purposes only. However, the profit generated with the bonus can be withdrawn at any time, how to trade forex using xm. We provide leverages between — The leverage depends on equity, so please read more details about this here.
Margin is the required amount in the base currency of the trading account needed to open or maintain a position. Here the result is originally calculated in the first currency of the traded pair, and then converted into the base currency of your trading account, which will be numerically displayed on your MT4, or any other trading platform.
The result will be in USD, which will be converted into the base currency of your trading account in case it is other than USD. More details can be seen here, how to trade forex using xm. Free margin is your equity minus margin. It means the available funds that you use for opening new positions, or for maintaining existing positions. For STANDARD accounts all forex instruments have a contract size of units. For MICRO accounts all forex instruments have a contract size of 1 units.
For instance, if the base currency for your trading account is USD, your leverage is and you are trading 1 lot EURUSD, the margin will be calculated like this:. Euro is the primary currency of the symbol EURUSD, how to trade forex using xm, and because your account is USD, the system automatically converts the EUROS to USD at the actual rate. You can read more details here.
So for 1 lot buy gold, if the position is left overnight, the swap calculation for the client will be Please note that if the base currency of the trading account is in EUR like in the examples abovethe swap calculation will be converted from USD to EUR. The result of the swap calculation is always the secondary currency in a symbol, and the system converts it to the base currency of the trading account. The examples above only serve as a guide and do not reflect the current charges.
Please view the current swap charges for forex instruments how to trade forex using xm and for gold and silver here. We allow partial close in all accounts. Please bear in mind that how to trade forex using xm positions less than the minimum volume cannot be partially closed and must be closed in full.
Stop loss is an order for closing a previously opened position at a price less profitable for the client than the price at the time of placing the stop loss.
Stop loss is a limit point that you set to your order. Once this limit point is reached, your order will be closed. For further details about the distance in points for each currency pair, please view the limit and stop levels here. Using stop loss is useful if you want to minimize your losses when the market goes against you.
Stop loss points are always set below the current BID price on BUY, or above the current ASK price on SELL. You can also view this video tutorial for a more detailed explanation.
Take profit is an order to close a previously opened position at a price more profitable for the client than the price how to trade forex using xm the time of placing the take profit.
When the take profit is reached, the order will be closed. Take Profit points are always set below the current ASK price on SELL, or above the current BID price on BUY. Trailing stop is a type of stop loss order.
It is set at a percentage level either below the market price for LONG positions, or above the market price for SHORT positions. For more details about the distance in points for each currency pair, please view the limit and stop levels here.
View this video tutorial for a more detailed explanation. The close by is a function on the MT4 and MT5 platforms that how to trade forex using xm you to simultaneously close two opposite positions on the same financial instrument and save one spread. The buy order needs to close with a sell order, and the sell order needs to close with a buy order.
Multiple close by allows closing more than one opposite position at the same time. In case you have two opposite orders, you can use one of the orders to close the other one, and thus gain or lose the net difference. You can access our trading signals under the menu tab Trading Signals in our Members Area. In order to download the trading signals, you need to have a validated trading account.
Even though Micro Accounts have a minimum trade size of 0. You are able to open any size order starting from 0. You are free to hedge your positions on your trading account. Hedging takes place when you simultaneously open a LONG and a SHORT position on the same instrument. New hedged positions can be opened if the final margin requirements will be equal or less than the total equity of the account. Leverage is the multiplication of your balance. This allows you to open bigger trading positions since the margin required will be lowered according to the leverage you have chosen.
Even though with leverage you can make a bigger profit, there is also a risk of having a bigger loss because the positions you open will be of how to trade forex using xm volume lot size.
You can change the leverage under the tab My Accounthow to trade forex using xm, and then by clicking the tab Change Leverage in our Members Area. This method of changing leverage is instant. Please read more information here. Slippages hardly ever occur if you trade with us.
More information on the XM Execution Policy is available here. Yes, you can, up to a maximum of 10 active trading accounts and 1 Shares Account. It is preferable, however, to use the same personal details as for your other trading account s. You can register for an additional account in the Members Area with 1 click. Trading accounts with zero balance get archived after a period of 90 calendar days.
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06/08/ · On the XM homepage, click the Open a Live Account button. This will take you to the XM Global Real Account registration page (or directly access the page here). Fill out the online form with the required details. Select MT4 or MT5 as your trading platform Forex Accounts | Multiple XM Trading Account Types Forex trading software is an online trading platform provided to each XM client, which allows them to view, analyze and trade currencies, or other asset classes In simple terms, each XM client is provided access to a trading platform (i.e. software) which is directly connected to the global market price feed and allows them to perform transactions without the help of a third party
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