XM
Questions & Answers

I have to say that one of the meme coins really took me on a wild ride and it was haard to trade. I didn’t even notice when i got stopped out, it was almost instant. I doubt anyone made any money that day, if they used stop loss of course. As it swinging up and down like crazy. I can't recall if there was any news at the time, but honestly, it's not an experience i want to go through again. I'm definitely more of a long-term kind of person.

Oh yeah, If you want to trade with the best trading conditions and don’t lose much on trading costs, then I would recommend to trade only the forex market. You may ask why? Well, XM offers the ultra low standard account and the main advantage is that they don’t charge any swap commissions on major currencies. It means you can hold positions as long as possible, that’s why I chose this one also.

It depends what trading goals you pursue and how much you want to invest in trading. The shares account at xm requires a minimum 10k initial deposit, while at ultra low account, you can start from just $10, using the leverage from the broker to maximize your gain. If you don`t consider trading as your long-term investment and that you`re not ready to spend much on it, go ahead with the second one, but in case you want more stability and control over your investment, following the real shares trading might be a good idea, especially if you consider how stocks grow in future.

Well, it`s obviously not the demo account :) XD Xm is not very versatile about trading accounts, offering only two for usual forex trading. Especially, for the lovers of thigh spreads, xm broker has ultra low account, with spreads, almost half tighter than on a standard one, though the leverage and general terms remain the same. If you`re not interested in deposit bonuses, it`s the most optimal spreads account that you can find there.

Its one of top-5 brokers by volume, maybe top-10 dependin on which source you trust. Second thing, the features, so many of them. The copytrading and social aspects, competitions, the trust they get from being on the market so long. All of this combined is pretty much why people trade here. I personally really liked the welcome bonus too, but out of 15 million traders with XM, I'm sure some are different.

This is my opinion, but I think the optimal choice would be to go for standard account. You will merge into the real trading conditions faster, and you will learn risk manamgenet and lots and etc in practise, and failure is the best teacher 😅

Yes, I actually had an experience with my copy trading service. It wasn`t my primary trading strategy to rely on copying others, but part of me, required to at least, try it. I can`t say something special about it, though, in general, the system was well-built and convenient to use. The good thing is that the number of strategy providers and strategies itself, were sufficient enough to choose from, so I didn`t need to stick to the traders or strategies that I didn`t like. That was the reason why my copy trading experience was easy and profitable.