What More To Know About XM Broker
What is XM Broker?
XM is a forex broker which provides trading services all over the globe. Forex broker meaning a mediator which acts between the forex market and trader. They provide a trading platform with the help of which people can trade from anywhere in the world.
Is XM Broker Legal in India?
XM broker is a reliable broker holding different licenses and being in the market for so long proves them genuine. They are legal and you won’t be facing any issues if you trade with them.
Which Account type you recommend and why?
The best account type in my point of view is standard with the cheapest cost and best services among the other account types.
Where does XM broker don’t provide their services?
The broker doesn’t accept clients from the United States, Canada, Israel, Iran, Portugal, or Spain.
What can be traded with XM
XM provides to trade in currency pairs, cryptocurrencies, Stock, Commodities, indices, metals, and energy. Some of the things which we can trade with XM with:
|
FOREX |
METALS |
|
AUDUSD |
XAGAUD |
|
USDCAD |
XAGEUR |
|
EURUSD |
XPDUSD |
|
GBPJPY |
XPTUSD |
|
EURJPY |
Crypto |
|
USDJPY |
BCHUSD |
|
Energies |
BTCJPY |
|
UKOil |
ETHUSD |
|
USOil |
XRPUSD |
Research and Education
XM provides a lot of things for research and education; they have different sections for the same. In the research option, you can check market overview, news, XM research, trade ideas, Technical summaries, and much more.
In Learning Centre, you can get knowledge about Live Education, Educational videos, Forex Webinars, platform tutorials, and forex seminars.
There are some tools also they provide such as trading tools, MQL5, and Forex calculators which help you in trading well.
The below image shows the things they offer in overall research and education.
Under research category when you click on the market overview option the page will look like as follows:
As per the above picture you can also see that the top tab has the options which lie in the research category, you can click on any of them, and accordingly the page will open.
Now, Let’s have a look at the learner page:
In this category you have to click separately on the option which you want to see, I have opted to have look at the educational videos they offer.
The next option in research and education is about tools let’s have a look at them also.
In this category also select the relevant option which you want to look on.
Trading Experience
With XM even without any knowledge about trading, you can trade. They do provide the relevant sources for you to learn so there is no restriction that a non-trader can’t trade with them. The most important thing is that if you are new and want to learn about trading then use any of the Ultra-low account types as it will make you lose less amount while learning or you can go with a demo account also if you don’t want to lose any money at all.