XM Standard Trading Account is mainly for those who have a moderate level of trading experience or thinking about switching their existing broker. XM is really good for trading services and they are transparent enough to deal with them. So, if you want to trade with a regulated and professional broker then this trading account is for you.
As per its name, you can trade with this account as per forex standards. Its contract size is 100,000 units that you can be familiar with other broker trading accounts. So, you may ask why do I need to switch my existing account to this trading account?
Well, to be honest, XM Standard Trading Account offers the best deal that you may not find anywhere else. From low spread to Commission Free trading this trading account got you covered with some extra benefits that you deserve as a professional level of trading. Here is e quick overview of this trading account.
| Base Currency | EUR, USD, GBP, AUD, ZAR, SGD |
| Contract Size | 1 Lot = 100,000 |
| Leverage | 1:1 to 1:888 |
| Spread on all majors | As Low as 1 Pip |
| Maximum open/pending orders | 300 Positions |
| Minimum trade volume | 0.01 Lots |
| Lot restriction | 50 Lots |
| Minimum Deposit | $5 |
Pros:
- Lower required deposit.
- Leverage Restrictions are low so that you can use them as per your trading strategies.
- Lower Spread. Starts from 1 pip
- No additional restrictions.
- Free Technical Analysis and Forecast that will help to take any position.
- Commission Free Trading
- Swap or Islamic Trading Facilities.
Cons:
- Several Trading instruments are not available for trading such as Stocks.
- Not ideal for beginners or newbies.
Recommendations: This type of trading account is mainly ideal for professionals who have enough trading knowledge and experience. If you want to change your existing broker then our recommendation is to use XM Trading Account because you will get all the leading trading facilities with some additional loyalty benefits.
You can also check the other trading accounts that broker offers to its clients. You can also compare all of theirs limitations and advantages by clicking the XM Trading Accounts link.
Account Registration: The process is very easy and simple. Please visit the broker’s official Website – www.xm.com and please follow the onscreen instructions. If you face any difficulties then we have already discussed the detailed account registration process. Please refer to this XM Registration article.
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