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A crucial technical indicator for assessing the condition of the financial markets is the Relative Strength Index (RSI). Its major objective is to use closing prices from recent trading sessions to highlight the market’s history and present strength or weakness. It is necessary to distinguish between Relative strength and the RSI.
The RSI functions as a momentum oscillator, measuring the magnitude and speed of price swings. Momentum in this context relates to how quickly prices increase or decrease. Relative strength (RS) is determined by dividing higher closing prices by lower closing prices. Simply put, this involves multiplying the magnitudes of two averages depending on changes in closing prices.
| Category | Rating/Information |
|---|---|
|
Trading Products |
Forex, CFDs |
|
Markets |
CFDs on forex, stocks, indices, energies, metals, stocks, and commodities. |
|
Countries Served |
196 |
|
Minimum Deposit |
Choose between a Micro or Standard Account with a minimum deposit of $5. |
|
Opt for the XM Zero Account, which requires a minimum deposit of $100 (*account availability subject to the client's country of residence). |
|
|
Spreads & Fees |
Variable spreads apply to each trade, along with overnight fees. If your account remains dormant for 90 days or more, a fee of $5 will be charged. |
|
Regulators |
|
|
Customer Support |
Live chat, call-back, phone, and email. |
|
Demo Account |
Yes, traders can have up to 5 with no expiry. |
XM.com offers its trading services to people living in or possessing citizenship from more than 200 countries across the globe. The brokerage firm continues to have its main office in Limassol, Cyprus and has additional locations in Sydney and Athens. Visit the XM registration page for the most recent and accurate information to confirm that India is included in their serviced territories and to determine your eligibility to register an account with either XM or XM Global.
A wide variety of trading options are available on XM.com, including big equities from well-known firms, well-liked FX pairings, and a variety of commodities. These tools give traders the freedom to investigate different marketplaces and diversify their trading portfolios.
| Asset Category | Examples |
|---|---|
|
Major Stocks |
Aflac, Alibaba, HSBC, Tesla, Unilever, Nestle, UBS, IBM |
|
Forex Pairs |
EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CAD |
|
Commodities |
Gold, Silver, Brent Crude Oil, Natural Gas, Coffee |
To meet the tastes and requirements of traders, XM provides a range of account kinds. You can pick between the Micro, Standard, and XM Zero account types. Additionally, for practice, traders have access to a demo account. Notably, following ESMA guidelines, all XM account types include negative balance protection for EU citizens, ensuring that losses cannot exceed deposited funds. A summary of these three account types is presented in the following table.
| Account Type | Base Currency Options | Commission | Spread on All Majors | Minimum Deposit | Islamic Account |
|---|---|---|---|---|---|
|
Micro |
GBP, ZAR, EUR, CHF, AUD, HUF, RUB, JPY, SGD, PLN, USD |
No |
As low as 1 Pip |
$5 |
Optional |
|
Standard |
HUF, CHF, JPY, SGD, EUR, ZAR, PLN, GBP, RUB, USD, AUD |
No |
As low as 1 Pip |
$5 |
Optional |
|
XM Zero |
USD, EUR, JPY |
Yes |
As low as 0 Pips |
$100 |
Optional |
You have access to a variety of trading instruments with the MT5 platform at XM, such as:
You have a wide range of trading chances to choose from to match your investment preferences and tactics thanks to this substantial assortment of instruments.
To install XM MT5 on your computer, simply follow these straightforward steps:
Now that you are prepared, you can begin trading on the XM MT5 platform.
To accommodate consumers on both desktop and mobile platforms, XM offers a wide variety of trading platforms. Customers can choose between using the renowned MetaTrader 4 (MT4) and the cutting-edge MetaTrader 5 (MT5) platforms. Alternatively, traders can use their web browsers to go directly to the XM WebTrader.
The better option for traders is XM MT5, which has several advantages over XM MT4. This is why:
In conclusion, XM MT5 is the go-to option for traders looking for a multi-asset platform with a wide variety of features and assets because it offers a broad and adaptable trading experience.
Several advantages make the XM MT5 WebTrader an appealing option for traders:
Accessibility: The XM MT5 WebTrader, available on both PC and Mac OS, eliminates the need for additional software downloads and offers immediate access to international markets.
The following system prerequisites are advised for best performance:
Here’s a step-by-step guide on how to access the XM MT5 Android Trader:
There is no need for Boot Camp or Parallels Desktop and is fully compatible with every version of MacOS up to and including Big Sur. With no re-quotes and no order rejections, the MT5 for Mac offers a variety of functions for trading international markets.
You can directly access your account on an iPhone native application with the XM MT5 iPhone Trader. You can utilize the same login and password that you use to access your account on your PC or Mac.
You can directly access your account on an iPad native application with the XM MT5 iPad Trader. You can employ the same login credentials and password used to access your MT5 account on your PC or Mac.
Delve into our expert trading analysis covering forex, CFDs, stocks, and cryptocurrencies. Stay informed about market trends with our insightful articles. Start your journey to trading proficiency today and visit our Trading Critique website!
1. Is XM Accessible in the United States?Regrettably, XM does not currently extend its services to traders residing in the United States (USA). You can find a comprehensive list of countries where XM operates on their official website.
2. What is the XM Minimum Investment Requirement?To initiate live trading with XM, prospective clients are required to deposit a minimum of 5 USD. The option for micro trading lots is also available.
3. How Can You Profit from XM Trading?Achieving success as a trader hinges on dedication and utilizing the wealth of free resources at your disposal, such as demo accounts, webinars, and various tools. XM offers an array of beginner-friendly resources through its Research & Education portal.
4. Is XM a Market Maker?Yes, XM operates as a market maker, providing traders with a commitment to no requotes and rapid execution speeds.
5. Is XM a Reputable Broker?XM stands out as a prominent CFD broker, boasting competitive fees, a diverse range of trading platforms, and versatile account options. It caters to traders across all proficiency levels and maintains stringent regulatory compliance, prioritizing security and operational excellence. Our confidence in XM’s legitimacy is unwavering, as it is not linked to any fraudulent activities.
6. Is XM.com a Trustworthy Stock broker?XM.com allows clients to engage in CFD trading across a portfolio of more than 600 global companies’ stocks, in addition to forex, commodities, and indices. This online brokerage has earned a sterling reputation and holds a legitimate status within the trading industry.
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