To experience comfortable trading with many opportunities, you must try XM. They have been providing high-quality online trading services since 2009. During these years, they built a very strong reputation and became a trustworthy broker, which is very difficult to find nowadays.
In addition, you will be completely safe as XM is regulated by three very prestigious authorities, including FSC and ASIC.
One more great thing about XM is that it provides you with affordable and convenient conditions. As you know most brokers have pretty high requirements with fees for accounts or commissions for withdrawals. Different from them, XM is a more use-centered broker which provides different trading alternatives. It requires competitively low fees for regular or special featured accounts.
XM is oriented to increase the knowledge of its customers and increase the profit of their trading possibilities. This is why one of their main advantages is free access to educational tools. Also, creating an XM account is very simple and does not include any specific, complex requirements.
On the other hand, to give you an objective expectation, you need to know that for non-EU clients, there is no active investor protection. So if you are going to start online trading from the non-EU zone, make sure that you will monitor your investing relationships with safety. Also, it is important to be able to pay fees for FX, CFD, or stock indexes. Before you decide to start trading in XM, check out their portfolio.
Do not forget that on XM, confirming your account only takes one day and happens instantly after finishing. There are vast choices of payment methods, where you can use a bank card as well as an e-wallet. You can start FX trading with 11 different currencies. If you are not ready enough, you can use a demo account with the risk-free educational program.
What XM Ultra Low Account Is Providing FX Traders?
As said, XM offers different types of accounts. More specifically, there are four main types of user accounts. It includes Micro, Standard, XM Ultra Low, and Shares accounts. This XM Ultra Low Account review will give you a clear picture of possible alternatives.
XM uses the most popular software for FX trading. You can enjoy trading via MT4 and MT5 software, which is the best for Forex markets. They provide the best possibility of market analysis with high access to different markets. This is why MetaQuotes is most commonly used, even though there is plenty of new trading software for FX.
By using the XM Ultra Low account, you will have access to an unlimited number of FX or other types of assets including incidences, stocks, etc. You can trade with USD, GBP, EUR, SGD, ZAR, and AUD. They are the most used currencies.
Similar to other types of XM accounts, there are no commissions. You are not required to place any specific amount of minimum deposit, as a shared account requires. You can start your FX trading on XM Ultra Low with several USDs.
The contract size for Ultra Low traders is 1 lot for 100 000 units. For those who do not know what contract size means, this is the available amount of units that are able to be used from a single position. This is the feature of reducing difficult calculations. The contract sizes are lower in other XM accounts.
XM Ultra Low has different spreads too. This is the amount derived from the difference between the positioning asking and the bid price. The level of spread depends on market liquidity and volatility, which is always fluctuating. Spreads are low from 0.6 pips.
The final characteristic is leverage, which is 1:888 for ultra-low users. This is a great condition to trade with higher amounts of money or open different positions. Leverage is the way to increase the returning profit level. XM is safe and trustworthy with it because most of the brokers take advantage of the features and suggest to traders higher leverages. They are risky to try and are not as profitable as the XM alternatives.
Why Should I Choose XM Ultra Low For My FX Experience?
The main reason why you should choose XM Ultra Low is that it gives you great conditions for FX trading with the most comfortable and low requirements. You do not have to place a high amount of deposit. Also, you can enjoy a tight spread as well as great leverage.
Do not worry about commissions because you are completely free from them and most importantly, you can use Islamic accounts too. This account features interest payments and great accessibility to CFDs. With XM Ultra Low, you have negative balance protection. You can enjoy different deposit or no-deposit bonuses, which are always changing.