XM offers a variety of trading tools to its clients, but surprisingly, no tools that are usually packaged together as in the case of other premium brokers. XM is heavily focused on proprietary research & trading resources. One of the most effective tools available are the daily live trading webinars where new & experienced traders alike can learn from XM’s professional traders. XM also provides 6 proprietary technical analysis indicators in the form of Expert Advisors that can be used on both MT4 and MT5.
XM provides three types of trading accounts to suit different types of traders:
The XM Micro Account is suitable for beginner traders who want to limit their exposure to risk. This account type allows trading in microlots (1 lot = 1,000 instead of the usual 1 lot = 100,000). There are no commissions for this type of account and spreads start from 1 pip.
The XM Standard Account targets traders with some experience who are also looking to maintain trading costs lower by avoiding commissions. The lot size is the standard 1 lot = 100,000 and spreads start from 1 pip.
The XM Zero Account is the best choice for experienced traders who trade large tickets. The spreads are the lowest out of all XM accounts, starting from 0 pips. There is a commission of $7/lot, however, for clients that open large positions the lower spread costs will make up for incurring the commission.
