Successful trading in the Forex market largely depends on a trader’s skills, experience and analytical thinking. Nonetheless, the role of a broker is just as important.
Traders Union named MT4 Forex broker
Successful trading in the Forex market largely depends on a trader’s skills, experience and analytical thinking. Nonetheless, the role of a broker is just as important.
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Traders look for brokers with the most favorable trading conditions. That is not an easy task, given the variety of proposals. Therefore, Traders Union experts decided to look into this issue. According to analysts, the best trading conditions are provided by XM. Analysts published a list of the best MT4 brokers, and XM is among the leaders.
Here is what every trader should know about XM Group
XM Group was established in 2009, and is known as the most universal and fast-developing broker in the market. The broker does not charge fees for depositing and withdrawing funds through Neteller and Moneybookers payment systems, as well as all popular credit cards. This reduces trading costs, which is especially beneficial for novice traders who have not managed to gain large capital. At the same time, money is credited and withdrawn instantly.
Unlike many other brokers, XM does not charge any hidden fees.
The broker's clients are protected against requotes. Instant order execution is another advantage of working with XM group. There are over 1,000 instruments to choose from including 55 currency pairs, CFDs on cross rates. Also metals (including palladium and platinum), commodities (cocoa, cotton, grain) and stocks are available.
The broker has 24/7 multilingual support. XM Group operators will respond in any of the 30 supported languages.
Full XM review can be found at the link.
In addition, the broker offers:
- Personal manager if the client wants a managed account;
- Access to the free professional analytics of the Forex market;
- Free everyday webinars to improve Forex knowledge and trading skills;
- Unlimited access to educational materials;
- Daily Forex trading signals;
- An ability to trade on the go via smartphone, iPhone, tablet or another gadget;
- Free daily technical analysis;
- Daily professional overview of the Forex market;
- Narrow spreads;
- Different types of trading accounts to choose from, including Micro, Standard, XM Ultra Low and XM Zero.
Disadvantages of XM
The disadvantages of XM group are very few, but they are worth mentioning. Traders have noticed that all of the 16 trading platforms supported by XM are just modifications of MT4 and MT5 for desktop, browser and mobile trading. But this is not a problem for MT4 admirers, so XM can be considered a good broker.
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