Comparing Exness Vs XM Trading App

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.

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.

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: 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.

@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.

@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).

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.

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.

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:  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: 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.

@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.

Hey there, understanding the basics is crucial. Line charts offer a simplified yet insightful representation of price movements over time. They connect closing prices with a line, providing a clear visual of the trend's direction.

Line charts are excellent for beginners because they strip away the intricacies of candlestick patterns, focusing solely on price trends. By observing the trajectory of the line, beginners can easily grasp whether the market is trending upward, downward, or sideways. This simplicity makes line charts ideal for those who are just starting to explore trading concepts.

Moreover, line charts facilitate the identification of support and resistance levels, key areas where price tends to react. This feature is particularly beneficial for beginners as it aids in understanding market dynamics and potential entry or exit points. As the example, you can see this picture below :