Forex & CFD Trading on Stocks, Indices, Oil, Gold by XM™ (2024)

FAQs

Can I trade gold with XM? ›

At XM, the MT4 platform enables trading on currencies, CFDs on cryptocurrencies, CFDs on stock indices, and CFDs on gold and oil, but it does not offer trading on stock CFDs.

Our clients can choose to trade forex and derivatives on stock indices, commodities, stocks, metals and energies from the same trading account. With a wide range of trading instruments available from a single multi asset platform XM makes trading easier and efficient.

For beginners diving into XM trading, there are a few accounts that could be a good fit. I'd say check out XM Ultra Low Account 'cause it's got tight spreads and low minimum deposits, perfect for starters. Then there's the Standard Account, which offers a bit more flexibility with leverage and trading sizes.

Overall, according to this XM review they can be summarised as a safe and trustworthy broker with a high trust score of 97 out of 99. XM offers a low minimum deposit for beginners and in-depth educational material. XM has 24/5 customer support with a user-friendly copy trading option.

The minimum deposit or withdrawal amount for any account type is $5.

The XM minimum deposit for Micro Account is 95 ZAR or $5. The Standard & Ultra-low Accounts on XM are full-sized trading accounts and with them you can trade all XM markets in larger volumes (Standard lots).

For instance, if you use USD, the minimum initial capital requirement is $100. It is now time to choose the index you wish to trade. When choosing an index to trade, the factors to consider include trading conditions, trading hours, and your risk appetite.

Credit/Debit Cards:

Withdrawals to credit or debit cards are usually the quickest, with processing times ranging from 1 to 3 business days. The processing time for card withdrawals is often dependent on the card issuer and the financial institution involved.

Set Your Take Profit

Close 50% of the position at 161.8% Fibonacci extension level and change the stop loss of the remaining at the opening price. At the next resistance close 50% of the remaining position (25% of the original position) and move the stop loss higher. At the next resistance close the remaining 25%.

XM does not provide services to residents of the United States of America.

What is CFD in forex? ›

CFD stands for 'contract for difference', a type of derivative product that you can use to speculate on the future direction of a market's price. When trading via CFDs, you don't take ownership of the underlying asset, which means you can take advantage of rising and falling markets by going long or short.

XM offers its clients multiple trading benefits to stay at XM, starting with a $30 Trading Bonus. In other words, we give you $30 worth of credit (non-withdrawable) just for opening your first Real Account, allowing you to test our products and services by starting to trade with no initial deposit.

A $10 , $50 , $100 or $500 , you are free to decide that. However, you need to check that the broker you have decided to open your account for trading forex allows you to trade with that amount or not. This is because brokers have different minimum requirements, so you need to check that out.

XM is a global brand with offices located all over the world. Our HQ is in Limassol, Cyprus.

No, we don't charge any fees on deposits or withdrawals.

Right-click within this window and select “Symbols.” A new window will pop up displaying all available trading instruments. Look for gold-related symbols, such as XAU/USD (spot gold) or GOLD (gold futures), and double-click on the chosen symbol. This will add the Gold trading instrument to your Market Watch window.

The forex market is one of the most liquid markets globally, ensuring that you can enter and exit gold trades with ease, even for larger positions. Flexibility. You have the flexibility to go long (buy) or short (sell) gold, depending on your market outlook.

Unique Leverage Up to 1000:1.

Is gold the same as XAUUSD? Not really. XAUUSD is an abbreviation, a symbol that indicates how many US dollars a trader may need to buy an ounce of gold.