Exness trading app and XM trading app are both equally dynamic. But deeper research reveals lots of fine differences related to compatibility, trading costs, requotes, and more.
There has been an increase in trading app options in recent years. Popular international brokers such as Exness and XM even provide a mobile app experience that has nearly identical features to their desktop trading platforms.
Even if more innovation and competition are wonderful for investors, choosing the platform that best aligns with your objectives can be challenging. As such, we have thoroughly investigated the Exness Trading App and the XM Trading App to identify the best platforms across a number of categories.
On balance, Exness Trading App is more recommended for instant withdrawal and MT5 users. On the other hand, XM Trading App is well-recognized for their no requote policy as well as compatibility for both MT4 and MT5 users. Let's get the details below.
Exness Trading App
Rating:
- Google PlayStore: 4.3 out of 5 from 88.8k reviewers
- Apple AppStore: 4.5 out of 5 from 742 reviewers
Downloads:
- Google PlayStore: 10M+
- Apple AppStore: n/d
General features:
- Minimum deposit: $10
- Spreads: variable, starting at 0.3 for standard accounts or 0.0 for professional accounts.
- Commission: no commission, except for the Raw Spread account (up to $3.50 per side per lot) and the Zero account (from $0.2 per side per lot).
- Maximum leverage: unlimited
- Availability: iOS 14.5 or later (Exness Trading App ver 4.60), Android 6.0 or later (Exness Trading App ver 3.20.2-real-release)
- Compatibility: All MT5 accounts
- Chart types: Line, candle
- Pending orders: Buy limit, buy stop, sell limit, sell stop, take profit, stop loss
- Indicators: Trading Signals by Trading Central, Moving Averages, Bollinger Bands, Parabolic SAR, etc.
- Time frames: M1, M5, M15, M30, H1, H4, D1.
Advantages:
- Easy and fast account opening
- Comparatively narrower spreads on all accounts
- Fairly reliable signals from Trading Central
- Possessing numerous regulatory licenses (Seychelles FSA, British Virgin Islands FSC)
- Instant withdrawals with numerous payment gateways
- Strong trading volume and client fund withdrawal statistics (reviewed and verified by Deloitte)
- No inactivity fees
Disadvantages:
- Lack of tutorials for beginners
- Undisclosed retail loss rate
- Few promotions and bonus offers
- Requotes may be applicable for market orders under instant execution.
🌐 WebsiteThe choice of broker is adjusted to the needs of each trader. If you are a trader who only needs a basic platform and trading features with the best attributes, then Exness can be your best choice.
Exness covers its lack of feature variations with other advantages like low spreads starting from only 0.1 pip. This is very suitable for traders who use scalping strategies (Scalper). Spreads on major pairs in certain account types can also be as low as 0.0 pip, depending on market conditions.
Not only that, but traders can also enjoy other advantages such as automatic fund withdrawals. Exness processes the majority of client withdrawals instantly, without manual checks; however, withdrawals may be subject tos depending on the payment provider or method of choice.
The safety of traders' funds is also guaranteed as Exness is one of the European-based STP/ECN brokers. Exness's ability to become an official partner of the Real Madrid soccer team for 3 years, starting July 2017, also provides evidence that the company has high solidity.
Deposits and withdrawals may be made 24 hours a day, 7 days a week. However, it is important to note that the company shall not be liable fors in processing deposits and withdrawals if suchs are caused by the payment system.
Traders do not need to worry about transaction fees when depositing and withdrawing. Exness doesn't charge any transaction fees to traders even though some charges may be incurred depending on the payment provider of choice. A variety of payment methods are provided for traders, including Wire Transfer, Bank Card, Neteller, Skrill, and many others.
The financial reports and metrics on the Exness website are audited quarterly by Deloitte, one of the four largest public accounting firms globally.
Moreover, Exness is one of the mote transparent brokers in the online trading industry. Traders can find out all information about this company on the website, such as trading volume, number of active clients, client deposits, company funds, and many more.
The platforms provided by Exness vary in MetaTrader 4, MetaTrader 5, Web, and Mobile platforms. This makes it easy for traders when trading on Exness, as they can also access Exness platforms anywhere and anytime.
Over the years, Exness has developed into a broker that attracts traders. Trader's trust is further enhanced by its compliance with financial regulations like the FCA and CySEC.
One measure of client confidence can be put on the trading volume. By December 2018, their clients' monthly trading volume reached USD348.4 billion and active traders around the world surpassed 50,342.
Through the program offered by Exness, traders also have the opportunity to earn extra income by becoming their partners. From the Introducing Broker (IB) program, partners can earn up to 33% spread commission from every new client that registers with them.
Additional income can also be obtained from Exness Partners. Traders can get a spread commission of up to 25% per transaction made by traders who register through an affiliate link.
When trading with Exness, clients can also make use of its free VPS hosting services. A VPS (Virtual Private Server) offers increased reliability and stability for traders as they can maintain their trades and expert advisors without interruption in the event of unexpected technical issues, such as internet or electricity downtime.
From the review above, it can be concluded that Exness is a favorite broker for traders because of low spreads and flexible account types. This condition is very suitable for traders with limited funds but is in need of more opportunities to get maximum profit. This broker is also well known for its maximum support on both new and existing partners.
XM Trading App
Rating:
- Google PlayStore: 3.9 out of 5 from 17.7k reviewers
- Apple AppStore: 3.0 out of 5 from 3 reviewers
Downloads:
- Google PlayStore: 5M+
- Apple AppStore: n/d
General features:
- Minimum deposit: $5
- Spreads: as low as 1 pip, except for the Ultra Low Account, which starts at 0.6 pip.
- Commission: no commission
- Maximum leverage: up to 1:1000
- Availability: iOS 14.0 or later (XM Trading App ver 3.6.0), Android 7.0 or later (XM Trading App ver 3.6.1)
- Compatibility: All MT4 and MT5 accounts
- Chart types: advanced charts accompanied by trading hours indicator.
- Pending orders: Buy limit, buy stop, sell limit, sell stop, take profit, stop loss
- Indicators: over 90 trading indicators
- Time frames: M1, M5, M15, M30, H1, H4, D1
Advantages:
- Easy and fast account opening
- Possessing numerous regulatory licenses (CySEC, ASIC, Belize FSC)
- Superb educational resources for beginners and experienced traders.
- Full disclosure of risks and retail loss rate (75.59% of retail accounts lose money)
- Generous bonuses and rewards for high-frequency traders
- Twice daily trading signals from forex guru Avramis Despotis
- No requotes and no rejection policies are in effect since 2010.
- Possessing numerous regulatory licenses
Disadvantages:
- Comparatively higher spreads
- No instant withdrawal (withdrawal requests are processed within 24 hours)
- A $15 one-time maintenance fee will be charged after one year of inactivity, and there is a $5 monthly fee if the account is still inactive afterward.
XM Group is a group of regulated brokers and it is owned by Trading Point Holdings Ltd. Entities under XM Group have significant experience as financial services providers worldwide.
Trading Point of Financial Instruments Ltd was established in 2009 with headquarters in Limassol, Cyprus, Trading Point of Financial Instruments Pty Ltd was established in 2015 with headquarters in Sydney, Australia, XM Global Limited was established in 2017 with headquarters in Belize and Trading Point MENA Limited was established in 2019 with headquarters in Dubai.
XM Group is regulated by the CySEC (Cyprus Securities and Exchange Commission) - Trading Point of Financial Instruments Ltd, FSC (Financial Services Commission) – XM Global Limited, the ASIC (Australian Securities and Investments Commission) - Trading Point of Financial Instruments Pty Ltd and DFSA (Dubai Financial Services Authority) - Trading Point MENA Limited.
XM is one of the more experienced brokers in the world of online forex trading today. Since its founding, the broker has experienced a lot of changes, including the addition of the Ultra-Low Account and Webinar feature that is accommodated in 19 different languages with 35 native instructors for each language.
In terms of trading instruments, XM is a well-known diverse class assets provider, varying from Forex, Commodities, Equity Indices in CFDs, Precious Metals, Energies, to Shares. XM prides itself to be the ideal broker in trading execution, offering a stat of 99.35% orders to be executed in less than 1 second. Trading in XM would be also provided with a strict no requotes policy, no virtual dealer plug-in, no rejection of orders, real-time market execution, and the choice for traders to place orders online or by phone.
Spreads on all majors can reach as low as 0.6 pips in Ultra-Low Account, while spreads on other accounts usually start from 1 pip.
To protect the client's fund in the event of extreme volatility, XM presents each account type with Negative Balance Protection. The deposit starts from $5 in Micro and Standard Account, while Ultra-Low Account requires a minimum deposit of $5. Traders who open accounts in XM are enabled a condition similar to a Cent Account environment in the Micro Account, in which the Contract Size for every lot is only 1,000 units. If it is applied with the smallest lot size in the MetaTrader platform which amounts to 0.01, it means that traders can go as small as 10 units per trade.
For the deposit, XM applies zero-fee deposits in most of its available payment methods. Traders can choose to fund or withdraw their accounts via wire transfer, credit card, as well as the most favorable e-payment choices like Skrill, Neteller, and FasaPay.
To give their clients the best experiment in trading, XM has given access to both MT4 and MT5 platforms, each is available for more than 6 display formats (PC, Mac, Multiterminal, WebTrader, iPad, iPhone, Android, and Android Tablet).
All in all, there is no doubt that XM has gone global with its deep commitment to providing trading services in more than 15 languages around the world. Aside from easing traders' experience with mainstream trading platforms and high-quality trading execution, XM is open to various types of traders, from small capital traders to the more experienced ones with big deposits at the ready. Traders are even provided with a Cent Trading environment should they choose to register under Micro Account.
For their global approach, XM has ensured that traders from various countries could access their service easily. This results in the provision of different domains specified for traders in certain jurisdictions. For example, traders from Indonesia could access XM via this link.
Conclusion
A rising number of people are choosing to manage their money primarily through tablets or smartphones, which has triggered the rise of investment apps. Exness and XM have welcomed this paradigm shift by putting an emphasis on enhancing the user experience of their mobile apps. Their desktop platforms and mobile apps give investors a more unified experience in terms of notifications, watchlists, and updates. They also make it simpler to manage your money and keep an eye on your financial objectives.
If you are wondering what is the answer to Exness vs XM, it's important to note that both brokers uphold a safe, reliable, and dynamic trading environment with a neat regulatory history—through desktop platforms and trading apps alike. However, some people may prefer one over the other.
An avid fan of MT4 would do better with the XM trading app, because the other option, Exness trading app, only synchronizes with MT5 accounts. On the other hand, Exness will be the better option if you seek to instantly withdraw your funds every now and then.
There is also another important item you should consider: the inactivity fee. Someone who has an account with XM should actively trade, be it via the XM trading app or desktop platform. Otherwise, inactivity fees may eat up the rest of your balance. Exness clients may ignore it since they do not apply such fees.
Lastly, how do they compare in terms of trading execution and speeds? Exness and XM servers are located in prime data centers with extremely few downtimes and relatively speedy responses. However, both have different policies on the subject of requotes. If this is a make-or-break issue for you, then the XM trading app may be more suitable.
26 Comments
Revellino
Apr 26 2023
Hi there! I'm interested in comparing the trading platforms offered by XM and Exness, particularly since one offers MT4 and the other offers MT5. According to the article, an avid fan of MT4 would do better with the XM trading app, as the Exness trading app only synchronizes with MT5 accounts.
However, if I am a beginner, which trading app would be better suited for me? I'm looking for a simpler trading platform since Forex is already challenging to learn, and I want to avoid using a complex platform that I may not be able to fully utilize.
Eric
Apr 26 2023
I just want to say, if you prefer using MT4, then the XM trading app would be the better choice for you. It allows you to transfer your existing MT4 account to the app and start trading right away. The app is also designed with beginners in mind, offering a range of educational resources and market insights to help traders improve their skills and knowledge.
On the other hand, if you're willing to learn and use MT5, then the Exness trading app could be a great option. The app offers a range of features and tools, including a copy trading function and the ability to trade multiple assets from a single account. It also has a strong reputation for security and transparency, ensuring that your funds and personal information are kept safe.
Ultimately, the choice between XM and Exness depends on your personal preference and trading goals.
Edward
Apr 28 2023
And you need to know the other factors too beside platform trading. I mean it is true that there are many other factors that a beginner trader should consider when choosing a trading platform, including:
Regulation: It's important to choose a trading platform that is regulated by a reputable financial authority, as this ensures that the platform operates in a transparent and fair manner, and that your funds and personal information are secure.
Account types: Some trading platforms offer different types of accounts with varying features and trading conditions. It's important to choose an account type that suits your trading style and goals.
Trading instruments: The range of trading instruments offered by a platform can also be an important factor to consider. Some platforms offer a wider range of instruments than others, which can allow you to diversify your portfolio and take advantage of different market conditions.
Customer support: A good trading platform should offer reliable and responsive customer support, in case you need assistance with using the platform or have any issues or concerns.
Fees and commissions: Different trading platforms may have different fee structures, including spreads, commissions, and other charges. It's important to compare the costs of trading on different platforms and choose one that offers competitive fees and commissions.
Considering all of these factors can help a beginner trader choose a trading platform that meets their individual needs and preferences.
Jorge Joshua
Apr 26 2023
Just read the article and I just realized the broker, Exness is really offering a low minimum deposit requirement of only $10 to open a live trading account. While this may be attractive to new traders or those with limited capital, some may wonder if such a small amount is enough to effectively trade on the Exness platform. What are some potential advantages and disadvantages of starting with a small account size? Are there any strategies or considerations that traders should keep in mind when trading with a small account on Exness? Hope there is an answer because I am little bit curious about that!
Reza
Apr 27 2023
Hey! Exness offers a live trading account for just $10 bucks. That's pretty low, but the question is, can you actually make some money with such a small amount? Well, the truth is, it might be tough. With a small account, you're limited in the number of trades you can take, and you could be at a higher risk of getting margin called or stopped out.
But, on the other hand, starting with a small account can help you get your feet wet and learn the ropes of trading without risking too much of your cash. It can also help you develop good habits and skills when it comes to risk management and discipline. If you do decide to go with a small account on Exness, make sure you're careful with your trades and don't go crazy with the leverage. Stick to trades that have a higher probability of success, and maybe try out a demo account first to get the hang of things.
So, while starting with a small account on Exness has its pros and cons, as long as you approach it with a smart and disciplined mindset, you could still make it work and build up your account over time.
Pollin
Apr 27 2023
I've heard a lot about XM and Exness which are said to be friendly for novice traders, but I still don't know much about these two brokers. Every beginner trader, in my opinion, likes trading at relatively cheap prices because they still don't have much experience in trading. but low cost is the second factor for me in recovering the trading platform, safety in trading is also an important aspect I said. because the more regulations these two brokers have, the more traders feel safe depositing their money.
Do you think this XM and Exness broker deserves to be called a safe broker? Are both brokers licensed (or authorized) and regulated? if anyone knows who can help answer yes... thanks.
Ostland
Apr 27 2023
@Pollin: XM, as a group of online regulated brokers, has been in the industry since 2009. XM is regulated by ASIC Australia, and DFSA Dubai, and is registered for exit passport to the FCA, which means that XM's UK clients will join through the Cyprus Securities and Exchange Commission (CySEC). ). CySEC is considered a strong regulator and ensures that brokers treat their clients fairly. As required by CySEC, XM protects its traders by: Segregating its client funds from corporate funds at top banks, Providing traders with automatic negative balance protection, which means traders cannot lose more than their initial deposit. in addition the broker participates in the investor scheme so that residents of EEA countries such as the UK receive investor protection of up to 20,000 EUR.
Exness is a popular global broker with nine different trading accounts and one of the lowest fee Cent Accounts in the industry. Exness also has 100+ Forex pairs to trade, more than most other brokers, and a variety of trading platforms and tools. Global traders will trade authorized and regulated by the FSA in Seychelles. Even though traders will join through the Seychelles FSA, we still consider Exness a safe broker to trade with. First, it holds licenses from a number of regulators around the world. Second, it provides all clients with negative balance protection, meaning traders cannot lose more than their initial deposit. Finally, it is regularly audited by Deloitte, one of the most reputable audit firms in the world.
So I can conclude that both XM and Exness are included in brokers that are safe for trading and have been regulated by international regulators in each region.
Yolanda
Apr 27 2023
A popular global broker with a large customer base and a good reputation, XM is a good choice for both beginners and more experienced traders. This broker offers some of the lowest fees in the industry, provides an excellent research and education section, and has a beginner-friendly trading app. This broker also has an excellent range of trading tools and offers traders bonuses and incentives.
Exness offers support for MT4, MT5 and their easy-to-use proprietary platform, Exness Terminal, available as a desktop and mobile app. In addition to technical and fundamental market analysis tools, including FXStreet News and Trading Central, Exness also hosts regional expert-led educational seminars and live webinars.
The main drawback is that XM's Indonesian clients will be trading through XM's Belize company, which has poor regulatory oversight. XM is regulated by the UK's FCA and Australia's ASIC, but XM's global clients will trade through companies regulated by the IFSC Belize, which is generally considered a weak regulator. XM does not compensate traders in the event of a company being liquidated.
Exness will be a tough choice for some traders. Even though this broker has low trading fees and minimum deposits on various trading accounts, excellent trading tools, and various trading platforms, its education and market analysis section is poor when compared to other major brokers. Indonesian clients may also be concerned because they will join through an entity regulated by the FSA, a relatively weak regulator.
Taeyang
Apr 27 2023
Exness offers 9 account types on the MT4 and MT5 platforms. That's more than most brokers. These offers range from a standard cent account with no minimum deposit to a pro account with tight spreads, market execution, and options with a minimum deposit starting at $500. The average spread offered is only 0.6 pips. This is a very good account for beginners and professional forex traders. There are also raw spreads and zero accounts where spreads start from 0 pips.
XM offers three account types suitable for both beginners and experienced traders. All XM accounts have a minimum deposit of $5 and are open to beginners. Spreads start from 1.6 pips on EUR/USD in its two commission-free accounts, while it spreads to 0 pips on the Zero account with a $7 commission (round turn).
When asked to choose between Xm and Exness, I have been interested in the Exness broker for a long time because the number of accounts offered is very different and the spreads are also lower than XM. My trading experience is very new to me, so I'm still hesitant to give it a try. If you have problems with trading, I'm sorry, but I can't help you. But today I will try to log in first. It only takes about 5 minutes to open an account at Exness. But I'm confused about the next process of account verification. What should I prepare for account verification? Can the account be used for trading after verification? People compare which is the best, similar to XM verification.
Lalisa
Apr 27 2023
@Taeyang: I think the process of opening an account and verifying it with Exness tends to be straightforward. Our account is verified within 48 hours, which is longer than the industry average, but we can make a deposit and start trading while waiting for the verification period.
The verification documents that must be prepared are quite easy and not complicated in my opinion. These include: Your Economic Profile – This is a short questionnaire detailing your economics knowledge and financial background. Proof of Identification – Exness accepts all government-issued identification documents such as a Passport, KTP, Driver's License, or other government-issued identification. Proof of Address – Documents of proof of residence/address must be issued in the name of the account holder within the last 6 months and must contain the merchant's full name, current residential address, date of issue, and issuing authority.
Once verification is complete, traders can deposit up to 50,000 USD. however please note that new accounts are ready for trading after two days. If your Exness account is not verified within 30 days of account registration, the deposit, transfer, and trade functions will no longer be available.
Actually, XM's verification process is almost the same as Exness, namely a color copy of a passport or other official document issued by the relevant party (eg driver's license, KTP, etc.). This document should contain the client's full name, issue, and expiration date, the client's date and place of birth or the client's tax file number, and the client's signature. Household bills (eg electricity, gas, water, telephone, oil, internet and/or cable TV, checking account) dated no later than the last 6 months with the client's address listed.
Raghnaid
Apr 27 2023
I was impressed by the many Forex pair options available at Exness. This broker also offers a decent range of cryptocurrencies. The downside is the small number of stock CFDs available for trading, limited to only 70 instruments. With over 100 Forex pairs on its books, Exness offers one of the largest sets in the industry.
Exness does have 34 cryptocurrencies to trade with 400:1 leverage. It is not the biggest choice in the world, but it is a higher level of leverage for crypto trading when compared to other brokers. High leverage on crypto CFDs is highly unusual given the volatility of these assets, and traders are advised to use levels lower than the maximum levels offered.
when compared to Exness, XM's trading instruments have over 57 Forex pairs, and the ion of cryptocurrencies they have added to their offer. XM has 31 crypto pairs to trade with 250:1 leverage. This is a fairly average range of options for crypto pairs, but with much higher levels of leverage. Leverage also reaches 1000:1 on Forex pairs, but traders should be wary of trading with high leverage because while it can increase profits, it can also significantly increase losses.
Finlay
Apr 27 2023
hello guys, I'm a new user at XM. At first, I actually tried at several brokers, but they were not suitable because they were limited to stock CFD trading instruments. do you know this fact? The number of stock CFDs available at XM is far more than most other brokers. The options available include some of the major US companies, including Apple, Amazon, Facebook, Bayer, and Google. I've always been curious about trading by choosing Google and Facebook products, so I tried my luck trading with this broker.
even though I already have experience in trading, I can still be said to be a beginner because I still have about 3 months to start...
Okay, now at XM we are given the convenience of withdrawing, right? It costs nothing and is not very complicated. But something confused me, I made an initial deposit at this broker using a credit card, but can I withdraw money using an E-Wallet?
Sweety
Apr 27 2023
Wow, you are a new customer at XM. I am also really interested in this broker, because this account is more complete in providing Stock CFD instruments. Same with you, I'm also interested in trying trading with Apple, Amazon and similar products. actually there is one more thing that I like about this broker, namely the leverage in forex trading is very high, up to 1:1000. And in my opinion this account competes with other brokers.
Because XM is a regulated broker, one of which is by the FSA, one of the international regulators, this account carries out an Anti-Money Laundering policy. To protect all parties from fraud and in accordance with applicable laws and regulations for the prevention and eradication of money laundering, XM's policy is that withdrawals can only be returned to the original source of funds.
By returning the client's funds to the origin of the funds, the withdrawal will be returned to you. e-wallet account. This applies to all withdrawal methods, and withdrawals must return to the source of the deposit funds.
If you initially made a deposit using a credit card, then you cannot make withdrawals using an E-Wallet, according to these conditions. Then you must continue to use your credit card as a tool to withdraw funds at XM.
Dalton
Apr 27 2023
@Sweety: To protect all parties from fraud and minimize the possibility of money laundering and/or terrorist financing, XM will only process withdrawals/refunds back to the original deposit source according to the Withdrawal Priority Procedure, namely: For credit card withdrawals. Withdrawal requests submitted, regardless of the withdrawal method ed, will be processed through this channel up to the total amount deposited by this method.
Your funds from the first withdrawal will be added to the same source where you deposited funds. The same source withdrawal will work like this – If you deposit $50 from your e-wallet then the first withdrawal funds will be deposited to your e-wallet only. You can change the method after the first withdrawal transaction.
All withdrawal requests at XM are processed within 1 day (except weekends & holidays). full withdrawal).
Gareth
May 9 2023
Mate, did you read that article that said if you're a big fan of MT4, the XM trading app might be a better option than the Exness trading app because Exness only works with MT5 accounts? But I'm wondering, is MT5 really more advanced or is it just like a newer version of MT4? Personally, I think they both deliver a similar trading experience, and if you're used to MT4, it's not that hard to switch to MT5 and vice versa. So, why do some MT4 users feel like MT5 is more difficult?
Roger
May 10 2023
MT4 and MT5 are both popular trading platforms, but they do have some differences. MT5 is the newer platform and has some advanced features that are not available in MT4, such as the ability to trade different types of assets and use more advanced order types. However, some traders may still prefer MT4 because they are used to its interface and tools, and may find it more comfortable to use.
In terms of compatibility with trading apps, it's important to note that XM's app is better suited for MT4 users, while Exness' app is designed for MT5 users. It's always important to choose a platform and app that align with your trading goals and preferences.
Ultimately, whether you choose to use MT4 or MT5 depends on your individual trading style and needs. Both platforms have their strengths and weaknesses, and it's up to the trader to decide which one works best for them.
Emilson
May 10 2023
So, have you heard about pending orders in trading? I was checking out the list of the advantage and disadvantage in this article about XM and Exness, and I noticed they both offer buy limit, buy stop, sell limit, sell stop, take profit, and stop loss orders. Do you know what those are? How do they work in trading, and how can traders use them to their advantage? I reckon it's always good to have a range of tools at your disposal, so I'm curious about how these pending orders fit into the overall trading strategy.
Robin
Apr 18 2023
Heck yeah, pending orders are a lifesaver when it comes to trading! Both XM and Exness offer some awesome options like buy limit, buy stop, sell limit, sell stop, take profit, and stop loss. These are all super important tools to help you manage your trades and minimize risk.
Let's break it down real simple-like. Buy limit is when you set an order to buy a currency pair at a lower price than the current market price. Buy stop is when you set an order to buy a currency pair at a higher price than the current market price. Sell limit is when you set an order to sell a currency pair at a higher price than the current market price. And sell stop is when you set an order to sell a currency pair at a lower price than the current market price.
Take profit is when you set an order to automatically close your trade once it reaches a certain profit level, and stop loss is when you set an order to automatically close your trade once it reaches a certain loss level. These are super helpful to have in place so you don't get caught up in your emotions and make bad decisions.
Overall, pending orders are a must-have for any serious trader, and it's awesome that both XM and Exness offer these options to their users.
Pedro
Apr 19 2023
Good to see both XM and Exness having the pending orders feature! I mean these features is extremely important for traders. It allows them to set specific entry and exit points for their trades, which can help them manage their risk and potentially increase their profits. For example, a trader may use a buy stop order to enter a trade at a certain price level when the market is showing bullish momentum. Or, they may use a stop loss order to limit their losses if the market moves against them. Without the ability to use pending orders, traders may miss out on these opportunities or be forced to manually monitor the market, which can be time-consuming and stressful.
Rendy
May 22 2023
Hey there! I find it quite intriguing and I have a question to ask. Are there different types of charts available for trading? I came across a comparison article between EXNESS and XM, and I discovered that XM offers candlestick and line charts.
So, I'm curious to know if there are any advantages to using a line chart compared to a candlestick chart. Personally, I have never used a line chart before, so I'm interested in understanding its potential benefits. Additionally, I've noticed that candlestick charts are widely used and have become a standard chart in trading. I'm wondering what factors contribute to their popularity and why they are more commonly utilized compared to other chart types.
In essence, I would like to know if there are specific advantages to using a line chart, given my limited experience with it, and what makes candlestick charts the go-to choice for many traders, ultimately becoming the standard chart in the world of trading.
Phil
May 24 2023
@Rendy: Let me expalain to you, mate. For me, line charts are like the chilled-out surfer dude of charting. They keep it simple and show you the big picture. With just one line connectin' the closing prices, you can easily spot the overall trend. It's like catchin' a wave and ridin' it all the way. No need to stress about all the highs and lows, mate!
When you're lookin' to filter out the noise and focus on the main direction, line charts are your go-to. They smooth out the wrinkles and let you see the trend without distractions. It's like puttin' on your sunglasses and seein' things clearly.
And here's a bonus: line charts are ace at findin' support and resistance levels. You know, those areas where the price likes to bounce or take a break. With line charts, you can spot 'em in a jiffy and make smarter tradin' moves based on 'em.
At the end of the day, it's all about your tradin' style and what floats your boat. Give line charts a whirl, see if they vibe with you. Remember, every trader's different, so find the chart type that suits your style and helps you make smarter tradin' decisions. You can also check another chart types in here mate : 4 Simple Keys to master Trading Chart
Sergi
May 26 2023
When exploring XM, I came across a comparison that mentioned the availability of twice daily trading signals from forex guru Avramis Despotis. This piqued my interest, and I'm eager to learn more about Avramis Despotis and the role they play in the trading signals provided by XM. Could you please provide additional details? Is Avramis Despotis an individual trader who offers their expertise and insights, or are they associated with XM as a dedicated signal provider?
Furthermore, as someone considering utilizing these trading signals, I'm keen to understand the accuracy and reliability of Avramis Despotis' signals. Can you shed light on their track record and reputation in terms of signal accuracy? Are there any statistics or historical data available to showcase the performance of their trading signals? Additionally, it would be helpful to know if Avramis Despotis' signals have been independently verified or audited for their reliability.
I believe having a comprehensive understanding of Avramis Despotis' background and the reliability of their trading signals is crucial in determining the potential value they can offer to traders. Any insights or information you can provide in this regard would be greatly appreciated. Thank you for your assistance in clarifying these details
Riyadh
May 28 2023
@Sergi: When it comes to XM's trading signals, Avramis Despotis plays a significant role. Avramis Despotis is not just an individual trader offering their expertise; they are associated with XM as a dedicated signal provider. Their involvement adds a level of expertise and credibility to the signals offered by XM.
In terms of accuracy and reliability, Avramis Despotis has established a solid track record. While specific statistics or historical data may not be readily available, Avramis Despotis has earned a reputation as a skilled forex guru with extensive experience in the industry. Many traders have found value in their signals and have had success incorporating them into their trading strategies.
It's important to note that while Avramis Despotis' signals have gained recognition and popularity, individual trading results may still vary. As with any trading signals, it's recommended to exercise proper risk management and perform your own analysis alongside the signals.
Hector
Jul 12 2023
Let's dive into a story about two brokers and their approach to inactivity fees. Imagine you have accounts with both XM and Exness, two popular brokers in the industry. As an active trader, you're aware of the importance of staying engaged and making regular trades to maximize your potential profits. You've heard that XM imposes inactivity fees, meaning that if you don't actively trade using their trading app or desktop platform, your account balance could gradually diminish due to these fees. It's a factor you need to carefully consider to protect your funds. On the other hand, you've discovered that Exness takes a different stance. They do not apply inactivity fees, allowing you to breathe a sigh of relief. With Exness, you have the freedom to trade at your own pace without worrying about any deductions from your account balance. Now, with this story in mind, what are the specific terms and conditions surrounding XM's inactivity fees, and how might they impact your account balance? How does Exness differ in their approach to inactivity fees, and what advantages does their fee policy offer for traders seeking flexibility and peace of mind?
Zimm
Oct 22 2023
What is the significance of the statement in the article about the XM trading app offering "full disclosure of risks," and how does this feature benefit traders using the app?
The article mentions that "75.59% of retail accounts incur losses" when using the XM trading app. What factors might contribute to such a relatively high loss rate among retail traders, and what can traders do to mitigate these losses and improve their performance?
I think, Understanding the reasons behind this high loss rate requires a deeper analysis of trading practices, risk management, and trader behavior. Traders can mitigate losses and potentially improve their performance by educating themselves, implementing effective risk management strategies, and gaining experience. Thank you!
Hayami
Oct 26 2023
@Zimm: Certainly! The statement in the article about the XM trading app offering "full disclosure of risks" is incredibly important for traders. It means that traders using this app get a clear understanding of all the potential risks involved in trading. This is super helpful because it allows traders to make smart decisions and protect their money. They can plan better, knowing exactly what could go wrong.
Now, about the high loss rate of 75.59% among retail traders using the XM app, well, a bunch of things can contribute to it. First, many traders might be new and not know what they're doing. They could also be using too much leverage, which can make losses bigger. Emotions can mess things up, too. When traders get scared or greedy, they make bad choices. And finally, not using good risk management can be a problem.
But don't worry, traders can do a few things to make things better. They can learn more about trading, practice with demo accounts, and use tools to manage risk. Having a clear plan and sticking to it, plus keeping emotions in check, is a smart way to improve performance and make sure losses don't get out of control. In short, it's all about being smart and careful in the trading game.