I am always on the lookout for new trading tools which can help make my market analysis more accurate. Sometimes I can go through hundreds before finding something that I will implement into my day trading activities. I am impressed with these indicators and certainly see how they can help spot market movements. In addition to limefx providing excellent support, I am impressed with the trading conditions you can get access to for a small deposit of just $5. LimeFX offers a no re-quote and no rejections policy with 99.35% of trades being executed within 1 second. Their business model is built around the belief that execution is everything when trading.
Withdrawal and Deposit Methods
Trading Point of Financial Instruments Limited provides investment and ancillary services to residents of the European Economic Area (EEA). What we advertise is what we give our clients, regardless of the size of their investment. We have clients from over 190 countries and staff speaking over 30 languages. Our management has visited over 120 cities globally to understand clients’ and partners’ needs.
Choose a Big, Fair and Human Broker.
The Learning Centre hub is another area of the site for traders to learn their craft. We are impressed with the selection of educational videos, platform tutorial videos, whilst the XM Live video feed is a service you will very rarely see with rival brokers. Dealing desk brokers can manage the risk of their clients’ trades in two ways.
Trade Forex, CFDs on Stocks, Metals and More
I am disappointed at XM customer experience team although they normally have smooth system administratively, their agents are poor when it comes to resolving issues. If you are a retail trader, looking for a broker that focuses on stocks and forex, then XM should certainly be worth your consideration. With great customer support, excellent research https://limefx.vip/ and education content and negative balance protection, XM is certainly great for beginner traders. The instructional videos, which number close to fifty, cover material spread throughout seven distinct courses. The broker begins by teaching traders the fundamentals of forex and CFD trading, and gradually advances them to more complex topics.
Customer Support
On the other hand, if you want to build more complex trading strategy templates, then you may prefer the extra indicators, timeframes and tools that are included with MT5. LimeFX has 5 licenses from some of the world’s top financial institutions, 11 years of experience in the market, and dozens of industry awards. This shows that LimeFX is a reliable broker that is committed to offering an honest trading experience. When we called XM during this review, it took us about 10 minutes to get through to an operator.
Traders have access to $100,000 in virtual trading funds with real-time data and analytic tools. Regarding cryptocurrency deposits, XM does not typically accept cryptocurrency as a direct payment method. You would usually need to fund your XM trading account using traditional methods like bank transfers, credit/debit cards, or e-wallets.
So, by offering variable spreads to its customers, XM broker successfully avoids these issues. XM Broker supports both MetaTrader 4 and MetaTrader 5 platform that offers state of the art technology, simple to use, and user-friendly interface. They offer trading versatility since both applications are available through a wide range of devices, from installed software on a PC, WebTrader in a web browser, to mobile devices. Whenever you start to trade in XM trading account, they will always warn or remind you regarding the risks attached when trading with leverage.
ESMA regulations prohibit CFD brokers from offering bonuses to retail investors in Europe to encourage CFD trading (or a greater volume of trading), including signup bonuses or fee rebates. XM’s free demo account is popular among traders to practice ideas or even experienced traders to test strategies. Demo accounts have no expiry date, but they are closed when not used for 90 days. XM offers 24-hour support, 5 days a week through email, live chat, phone, and fax. They also have a dedicated FAQ page to help clients search for answers to their questions.
- There is a 0.1% commission on the UK, French and German markets and a 0.04% commission on US markets.
- There is also a minimum deposit of $10,000 required to open a Shares Account.
- While XM provides accessible support through various channels, diversifying communication channels could enhance the overall customer support experience.
- Verify whether you are a US citizen for tax purposes, choose your base currency, and your leverage.
It’s important to check the broker’s website for the most up-to-date information on deposit and withdrawal fees. XM provides CFD trading, which allows traders to speculate on the price movements of these assets without actually owning them. XM offers traders a diverse range of tradable instruments across various asset classes, enabling them to build diversified portfolios and access a wide range of market opportunities. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.
Both desktop trading platforms are really easy to use thanks to their well-designed interface. The features are intuitive, and different parts of the apps are grouped together on a single dashboard. XM’s product portfolio isn’t as competitive as other top-of-the-line brokers. However, it still provides 1,500+ financial instruments with sufficient tradable assets under each asset class.
Overall, the broker is considered to be highly secure and trustworthy, and this has increased the number of traders on the platform. As discussed in this XM review forex and financial traders trust XM as it complies with many regulatory standards. The more assets there are to trade, the more opportunities there are to make money; and the more diverse the assets, the more likely it is that you will find something that fits your trading style.
If you want to trade with less than $200 then you would need to look at the micro or standard account options. Those of you who just want to get a feel for trading can open a demo account free of charge without any commitment. I always start on a demo with a new broker just to get a feel for what they have to offer. The broker has a wide range of trading instruments for you to choose from including Forex, Commodities, Stocks, Shares, Indices, Metals, Energies & CFDs.
