XM Standard Trading Account – This account is mainly for those who have a moderate level of trading experience or thinking about switching their 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 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.
If you want to cross-check other trading accounts of this broker then you can check it from XM Trading Accounts.
If you want to know more regarding this broker, then please have a look at our Website’s XM Broker Section. Also, you can check our XM Broker FAQ for the most common answers.
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