Best CFD Brokers in Singapore

Best CFD Brokers in Singapore

XM provides a range of investing options, mostly emphasizing active trading above passive investment choices. XM does not offer long-term investing possibilities, including bonds or ETFs, Shares investment which would restrict options for those looking for conventional asset classes. The broker offers no specific long-term investing plan; their products are designed for short-term trading strategies and dedicated to trading mainly on CFDs. For Broker with classic Investment Options we would suggest checking other Brokers.

Trading platform

However, the number of XM live accounts you can open is limited to 10. XM global gives out a non-deposit $50 trading bonus to new clients who have just signed up. They also offers a two-tier bonus on deposits that could go as high as $10,500. To find out more about this, you should read their full terms and conditions to ensure that you are eligible for something. XM provides exceptional trading tools and a vast range of instruments.

Minimum deposit

In the “Title” line, you should indicate the client’s title depending on the gender – Mr. or Ms. In the account information, you immediately specify the suitable trading platform and type of account. However, there is no need to worry because you can call them and talk to a customer service agent if that does not work. They are more relevant than the phone or live chat answers, which can be vague at times. To reach XM customer service, you will need to use telephone numbers, email, or their live chat function. Sometimes, you will not get the best answers you are looking for. XM MT4 is the most widely used, given that it is the platform with the highest number of users in the world.

XM is indeed good Broker for beginning traders, also Traders with experience who prefer MT4 or 5 platforms and run various strategies looking for stable Broker. Since there is specifically designed account for Shares trading with tailored solution, yet the deposit needed is rather very high also at other Broker bigger range of Shares might be available. The XM Loyalty Program rewards traders with points (XMP) for each trade they make. It has four tiers—Executive, Gold, Diamond, and Elite—with higher tiers offering more points per trade. These points can be redeemed for trading credit, and they don’t expire.

• The broker offers no specific long-term investing plan; their products are designed for short-term trading strategies and dedicated to trading mainly on CFDs.
• The processing time for a withdrawal request is one business day, which is the standard.
• The company processes a withdrawal request within one business day.
• Additionally, there are live trading education sessions, video tutorials, and platform guides for both beginner and advanced traders.
• Users can access messages from ten instruments generated twice a day.

Can I access XM’s educational content in my language?

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018. To delete your XM account, you need to contact XM’s customer support and request account closure. Overall, the “Analytics” section at XM is extensive and multifunctional, providing traders with everything needed for successful trading.

XM Group trading platform screenshots

XM’s commitment to providing flexible trading conditions, along with features like negative balance protection, ensures a secure and efficient trading experience. MT4 is a popular, user-friendly platform with customization options and advanced technical analysis tools. MT5 is an upgraded version, offering additional features like support for both hedging and netting, as well as an economic calendar to help traders make more informed decisions. Overall, XM is a well-regulated,feature-rich broker that offers a solid trading experience for traders at alllevels, with strong security measures and a wide variety of marketopportunities. XM provides a wide range of deposit andwithdrawal methods, ensuring convenience and security for its global clientbase. The broker’s commitment to a fee-free transaction model and fastprocessing times makes managing funds efficient for traders.

Company activitySee all

• XM generally does not charge fees for deposits and withdrawals, but additional charges might apply depending on the payment method you use.
• It is regulated by several major authorities, ensuring a secure trading environment.
• So, the same as we do, you will enjoy its look and functions offered.
• However, it should be noted that cryptocurrencies are not included in the list of available methods, which may limit options for some traders.
• The broker reserves the right to change the inactivity period at its discretion, making it essential to regularly monitor the account status.
• XM is indeed good Broker for beginning traders, also Traders with experience who prefer MT4 or 5 platforms and run various strategies looking for stable Broker.
• Fees across all offered asset classes we find similar to other brokers who mainstay on average Fee conditions.

The program is designed to benefit active traders based on their trading volume. The eligible trading accounts are the micro and standard accounts only. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. Some users rate the service quality highly, noting quick withdrawals xm broker review and low spreads.

Account Requirements

Continue reading the review to learn all the details about the XM broker and determine if it meets your requirements and expectations. If you choose English as the preferred language in the research and education section of the website, you will be able to access many resources. If you select any other language, you will get some information but not all of it.