XM offers two popular trading platforms for its clients worldwide. Which one is the best for you? What are the benefits of each option?
Also referred to as trading software, a trading platform is computer software that allows you to buy and sell assets on financial markets 24 hours a day. It is an essential tool that every trader must use to conduct trades, so choosing the right one is vital to save time and make the trading process more straightforward. Nowadays, there are many options to choose from, depending on the broker that you use.
XM is a highly reputable broker that was founded in 2009. Over the years, the company has gained more than 5 million customers and is now operating in no less than 190 countries. If you're looking to trade with this broker, you'll be presented with MT4 and MT5 on various devices. Choosing which platform would require you to understand each platform's advantages and your trading needs as an individual trader.
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Available XM Trading Platforms
XM offers two popular trading platforms in the market, namely MetaTrader 4 and MetaTrader 5. The software is available on various Windows, Mac, iPhone, iPad, and Android devices. This allows you to access the markets seamlessly across multiple devices using the same account and login credentials.
MetaTrader 4 (MT4)
MT4 is a widely known trading platform that brings a lot of unique tools and functions, which can be tailored to various traders' needs. It is often called the "standard" platform for forex traders due to its popularity in the industry. Many brokers now use it to remain competitive and stay on top of the latest trends.
XM broker is one of the brokerage companies that pioneered offering the MT4 platform. In this broker, you can enjoy trading on MT4 with no requotes, no rejections, and flexible leverage ranging from 1:1 to 1:1000. The platform is available for PC, Mac, Multiterminal, WebTrader, iPhone, iPad, Android, and Android Tablet.
In a nutshell, XM's MT4 offers the following features:
- 1 single login access to 8 different platforms/devices.
- Trade with no less than 50 instruments.
- Real-time market prices.
- The ability to trade with Micro lot accounts.
- Get spreads as low as 0 pips.
- User-friendly interface suitable for beginners.
MetaTrader 5 (MT5)
MT5 was developed by MetaQuotes, the same company that built MT4. But this is not to say that MT5 is merely an upgrade to MT4. The truth is, MT5 is an entirely new platform that was designed to cater different needs of a wider group of traders. It offers a total of six asset classes, making it very ideal for multi-asset traders. On top of that, a lot of advanced features were also added to the platform.
XM's MT5 platform has all the pioneering features that are available on MT4, including no requotes, and flexible leverage. However, MT5 is more targeted to experienced traders because of the advanced charts and tools. In this platform, you will find more indicators, more time frames, and higher customization for your trades. The platform is available for PC, Mac, WebTrader, iPhone, iPad, Android, and Android Tablet.
Here are the available features that you can enjoy in XM MT5 platforms:
- 1 single login to 7 different platforms/devices.
- Trade with over 50 instruments across 6 asset classes, including stock indices, currency pairs, precious metals, and energies.
- The availability of market depth of the latest price quotes and economic calendar.
- More than 80 analytical objects to use.
Comparing MT4 and MT5
| Features | MetaTrader 4 | MetaTrader 5 |
| Tradable Assets | Forex, CFD | Forex, CFD, stocks, futures, ETFs, cryptocurrencies, options |
| ⚡Platform Speed | 32 bit | 64 bit |
| 📊Technical Indicators | 30 | 38 |
| 💹Graphic Indicators | 31 | 44 |
| Coding Language | MQL4 | MQL5 |
| 🕘Time frames | 9 | 21 |
| 📅Economic Calendar | No | Yes |
| 👨👨👧👧Chat with Other Traders | No | Yes |
| 👨💻Algorithmic Trading | Yes | Yes |
MT4 is highly popular among traders. Several studies have discovered that more than half of worldwide traders use MT4 to conduct their trades. This shows that the platform is incredibly trustworthy and suitable for practically any type of trader. It's single-handedly a dominant platform with a bunch of functionalities, customizations, and high security. On top of that, the platform also has one of the best trader's community support. You can easily access the trading forum where you can replicate signals, request indicators, and discuss strategies.
Meanwhile, the biggest strength of MT5 is its advanced tools. The platform offers more numbers of drawing tools, time frames, execution order types, and assets. Compared to its predecessor, MT5 has become a full-fledged trading tool that provides more information about market depth, like displaying buyers' and sellers' closest bids, the importance of quotations, etc. In short, it's a versatile platform with tons of options for various traders.
See Also:
Which Platform to Choose
As mentioned before, the main purpose of a trading platform is to connect you with financial markets. In XM, all of the available trading platforms are completely free to download and use. The platform essentially allows you to perform various actions, such as accessing the market online in real-time, following market updates, simulating your trading strategy using a demo account, using Expert Advisors to carry out the trades for you, and trading on multiple assets using the one-click trading feature.
Now, the big question is which one should you choose? A good trading platform will provide you with all the financial instruments as well as trading tools that you need to trade comfortably. This is why you should know in advance what you need. For instance, if your portfolio is heavily diverse, MT5 is probably more suitable for you because of the wide choices of assets and tools. Otherwise, MT4 may provide an adequate platform to satisfy your needs when trading in XM.
Finally, you also need to make sure that the platform has an intuitive user interface and demo account. Both MT4 and MT5 offer demo accounts and are known to have a clean user interface, so you can just choose either one according to your needs.
See Also:
XM broker is an established international firm and has become a true leader in the trading industry. Founded in 2009, the company works with the main principle of being "fair, trustworthy, and dependable". XM claims to support no re-quotes and real-time execution, where traders can choose from 10 trading platforms suitable to any device.
35 Comments
Pamela
Apr 28 2023
Most articles that I found always mentioned that MT4 is particularly good for forex traders. I get it though. Most of my friends that exclusively trade forex use MT4 to trade too and 99% of them seem to have no problem at all with the software, even though they use different brokerage companies. But does that mean that I can't use the platform to trade with other instruments? Is there a significant difference if I use the account to trade forex or other instruments?
Sally
Apr 28 2023
Don't worry, MetaTrader 4 can be used to trade various instruments, not just forex. This includes CFDs on indices, stocks, and shares. However, it's undeniable that the platform was indeed built to facilitate forex trading, so it mostly consists of charts and tools that specifically suitable for forex traders. MT5 on the other hand, is an all-rounder. It's perfectly suitable for multiple-asset traders because it offers access to more financial markets like cryptocurrency and provides more advanced tools for trading. It also supports both technical and fundamental analysis, the use of trading signals, algorithmic and copy trading, as well as trading robots.
Kiyomi
Apr 29 2023
Yeah, my advice is go for MT4 if you only trade forex. MT5 is great, but it's more preferable for experienced traders. MT4 is very easy to use and runs very smoothly as well. In my opinion, it already has all the basic tools to trade comfortably. There is a total of 30 technical indicators, 31 graphical objects, 9 timeframes, 4 types of pending orders, and hedging is allowed. If somehow you need to enhance its functionality, you can simply find a third-party plugin software that you can install to your MT4.
Oliii
Apr 28 2023
What I gathered from my research is that MT4 is better in general, while MT5 is good for professional traders. Is that right? But like, is there an option to use both MT4 and MT5 at the same time? I'm the type of trader that likes to try a bunch of different strategies and see the ones that can work, you know? So, I want to know if MT4 is good enough for me while also trying out features that are only available on MT5. I think that would be the ideal situation for me.
Jesse Han
Apr 29 2023
Yes, you can trade on both MT4 and MT5 as long as your broker supports both platforms, like XM. However, you'll need to open separate accounts for each platform because it's impossible to login to the MT5 using your MT4 account credentials and vice versa. Most brokers allow traders to open more than one account, so this is a great advantage for traders like you. Just keep in mind that that means more accounts to manage. You'll need to have a really good management system to make profit from all of them.
Gibbs
Apr 28 2023
Dude, just new at here. Look, the XM seems offer MT4 and MT5 as their trading platform. What I believe, MT4 has more user than MT5 and still the brokers also provide more MT4 platform than MT5 platform. Also, MT4 has been known to be the best trading platform because the simplicity that offered.
Okay, I have encountered some forex terms and one of them is requote. It said in the article that we can get no requote by using the MT4. My question here, do the trading platform has the connection to the speed of the transaction? Can anyone explain to me? Thank you!
Boris
Apr 29 2023
Yes, the trading platform can affect the speed of transactions, which in turn can affect the likelihood of requotes. Requotes occur when the price of a trade changes between the time you click to execute the trade and the time it is actually executed. This can happen if the trading platform experiencess in transmitting the order to the market, or if there are issues with liquidity or volatility in the market.
MT4 is known for its fast and reliable execution, which can help reduce the likelihood of requotes. The platform is designed to handle large volumes of trades quickly and efficiently, which can be particularly important in fast-moving markets. Additionally, the simplicity of the platform can make it easier for traders to execute trades quickly and accurately, which can further reduce the likelihood of requotes.
Holding
Apr 30 2023
Hey there! Just want to add some notes here, it is yes the trading platform can affect the speed of the execution. However, there are some factors that really hit the execution speed such as:
Internet Connection: The speed and stability of your internet connection can have a significant impact on the speed of transactions. Slow or unreliable internet can causes in transmitting orders to the market, which can increase the likelihood of requotes.
Market Liquidity: The liquidity of the market you're trading in can also impact transaction speed and the likelihood of requotes. If a market is illiquid, meaning there are fewer buyers and sellers, it can take longer for trades to be executed and prices can be more volatile, which can increase the likelihood of requotes.
Asset Volatility: The volatility of the assets you're trading can also impact the likelihood of requotes. Highly volatile assets can experience rapid price movements, which can causes in executing trades and increase the likelihood of requotes.
Broker Technology: The technology used by your broker can also impact the speed of transactions and the likelihood of requotes. Some brokers use advanced trading technology that can help reduce the likelihood of requotes and speed up transaction times.
By the way, XM also said about trading with MT4 has no requotes, right? It mean the XM itself have advanced technology to avoid that things
Fernandinho
Apr 29 2023
Hello! I'm curious about the differences between the MT4 and MT5 trading platforms offered by XM. I know that MT4 is widely used by traders around the world, but I also heard that MT5 might be a better choice if our trading portfolio is highly diverse. Can you explain why this is the case?
I'm particularly interested in understanding how MT5 might be better suited for diverse portfolios. Does it offer more advanced features or tools for analyzing a wide range of assets? Or are there other benefits that make it a better fit for traders with diverse portfolios?
Additionally, I'm curious about the differences in user experience between the two platforms. Are there any notable differences in terms of ease of use, speed of execution, or reliability? And are there any additional fees or restrictions associated with using one platform versus the other?
Ellie
Apr 30 2023
Hey there! So, you wanna know what's the deal with MT4 and MT5 trading platforms, right? Well, they're both pretty popular and widely used, but there are some differences between them that could make one a better fit for your trading style.
Basically, if you've got a diverse portfolio with a bunch of different assets you wanna trade, MT5 might be the way to go. That's because it supports a wider range of asset classes, like stocks and commodities, in addition to forex. Plus, it's got more advanced tools for technical analysis and automated trading, which can be super helpful if you're into that kinda thing.
On the other hand, if you're more of a forex trader and you like a simple, easy-to-use interface, MT4 might be more your speed. Some people find MT5 a bit more complex and harder to navigate, especially if they're used to the simpler layout of MT4.
As for fees and restrictions, it really depends on the broker and the specific features you need. So, it's a good idea to compare the costs and features of both platforms before making a decision.
Overall, the choice between MT4 and MT5 really comes down to what you're comfortable with and what you need to trade successfully. So, take a look at both and see which one feels like the best fit for you!
Sandy
May 2 2023
Hey, as a beginner in forex trading, I've been wondering about something. I read this article about XM and it said that the forex market is open 24 hours a day. It is very extradiordinary since the offline market have the open closed in working day meanwhile Forex is not like that. So, I want to ask how is that possible? I mean, aren't the stock markets closed at some point? Does this mean I can trade forex any time I want? I'm really curious to know how this works
Mikel
May 4 2023
Hey! LEt me explain to you! The forex market operates 24 hours a day, five days a week because it is a global market with different time zones. When one market closes, another one opens somewhere else in the world, so there is always trading activity happening. This allows traders to have access to the market at any time they prefer, no matter where they are in the world. Additionally, trading hours are not limited to traditional business hours, making it convenient for people with busy schedules to participate! It is extraordinary, right?
Hrogan
May 3 2023
I'm trying to decide which trading platform to use on XM. Personally, I'm leaning towards 100% MetaTrader 4 since it's the first trading platform I learned and it's pretty user-friendly, especially compared to MetaTrader 5.
But aside from the trading platform, I'm also curious about XM's regulatory bodies. Is it safe to trade with XM, and do they have segregated accounts? And which regulatory body oversees XM? I think it's important to have this information before making a decision. Hope there is some answer about my questions, thank you!
Hellen
May 3 2023
If you're already familiar with MetaTrader 4, then it's a great choice for you to use as your trading platform on XM. It's user-friendly and has a simple interface that's perfect for beginners. As for the regulatory aspect of XM, it's definitely safe to trade with them as they are regulated by some of the most reputable authorities in the industry, such as the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC) in Australia. Additionally, XM also offers segregated accounts, which is a big plus for traders looking for extra security for their funds.
Molina
May 4 2023
Hey, I am XM trader! And as you know, to be regulated by ASIC which is the XM body regulator, a financial institution, such as a Forex broker, must meet certain requirements, including maintaining adequate financial resources, keeping accurate records, and adhering to strict client money rules.
ASIC also conducts regular audits and investigations to ensure that regulated companies are operating in a fair and transparent manner, and they have the power to impose sanctions and penalties for any violations.
For traders, choosing a Forex broker that is regulated by ASIC can provide a level of confidence that the broker is operating with integrity and transparency, and that their funds are being held in a safe and secure manner.
Irwin
May 7 2023
What is the purpose and functionality of the "one-click trading" feature available in XM's trading platforms? I understand that the trading platforms offered by XM are designed to provide access to financial markets and offer various capabilities like real-time market access, demo account simulation, and the use of Expert Advisors. However, I'm interested in learning more about the specific functionality and advantages of the "one-click trading" feature. How does this feature work, and what actions can traders perform with just a single click? Does the "one-click trading" feature simplify the process of executing trades or managing positions in any way?
Kyle
May 19 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?
Daniel
May 20 2023
Wow, you are a new customer at XM. I am also very interested in this broker because this account provides more complete Stock CFD instruments. Same with you, I am 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 compliance 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 be returned to the source of the deposit funds. If initially, you made a deposit using a credit card, then you cannot make a withdrawal using an E-Wallet, according to these conditions. Then you should continue to use your credit card as a means of withdrawing funds at XM.
Sofiya
May 22 2023
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).
Immanuel
Jun 4 2023
Sorry, I have a very basic question here. I see that XM has many regulatory certificates. I mean Aussie to Belize, strict to the point of weakness. I mean, if I trade there, that means I will follow the trading deadlines of the country that regulates it, right?
So, there are a lot of body regulator in there. What rules can I get if I trade with XM? Is it strict or weak? because in my country most brokers are regulated by my regulator and since it's a local broker there is only one regulation and all trading terms between them almost the same
Adam
Jun 5 2023
Basically, if you are a trader from the country that regulates the broker, you will follow the rules of your country. And if you are a trader from outside the regulated country, you will use the trading term chosen by the broker. Usually, the broker will choose a regulator that has more favorable trading conditions, such as allowing high leverage and minimum deposit.
So, don't be confused, if some traders can get very low leverage and higher deposit, they also don't have a trading bonus, while others can get a lot of bonuses and favorable features. Strict regulatory bodies often come from Australia and Europe as well as from the United States. And the weakest regulator could come from a small country in the Pacific, from Central America or even from a small country in Africa.
The details of the strict body regulator, you can read at here :
Okinawa
Jun 7 2023
Actually, I am very interested in this XM broker, I often read articles related to this broker. Starting from guaranteed trading security at this broker, to the many account choices offered by Xm.
All XM accounts, except the stock accounts, have a minimum deposit of 5 USD, making them accessible to beginners. No commission is charged for Forex trading on three out of five accounts, and traders will find spreads between 0.8 pips and 1.7 pips (EUR/USD), depending on the account. This Xm broker also provides an XM Zero account which offers trading with low spreads starting from 0.10 pips. how low spread account this account offers.
for deposit or withdrawal problems, I don't know whether this account is really good or not, because I have no experience with either deposits or withdrawals. Even though this article has explained that withdrawals at this broker are quite easy and instant and there are no fees charged, I'm still curious.
If there is a problem when withdrawing, namely your funds cannot be withdrawn to your account, is there a solution to solve it? what usually causes the problem to occur? please explain, if anyone knows it.
saito
Jun 8 2023
Actually I am very interested in this XM broker, I often read articles related to this broker. Starting from guaranteed trading security at this broker, to the many account choices offered by Xm.
All XM accounts, except the stock accounts, have a minimum deposit of 5 USD, making them accessible to beginners. No commission is charged for Forex trading on three out of five accounts, and traders will find spreads between 0.8 pips and 1.7 pips (EUR/USD), depending on the account. This Xm broker also provides an XM Zero account which offers trading with low spreads starting from 0.10 pips. how low spread account this account offers.
for deposit or withdrawal problems, I don't know whether this account is really good or not, because I have no experience with either deposits or withdrawals. Even though this article has explained that withdrawals at this broker are quite easy and instant and there are no fees charged, I'm still curious. (Check : How to Choose the Best XM Account Type)
If there is a problem when withdrawing, namely your funds cannot be withdrawn to your account, is there a solution to solve it? what usually causes the problem to occur? please explain as far as I know in withdrawals, all withdrawal requests will be resolved within 24 working hours; however all submitted withdrawal requests will be instantly reflected in the client's trading account as pending withdrawals. If the client s the wrong withdrawal method, the client's request will be processed according to the Priority Withdrawal Procedure described above.
All client withdrawal requests will be processed in the currency in which the deposit was originally made. If the deposit currency is different from the transfer currency, the transfer amount will be converted by XM to the transfer currency at the prevailing exchange rate.
Apart from that, I chose the withdrawal time at the time when the broker was not operating, maybe because there was a national holiday too. So this can also cause the withdrawal process to take a long time, which must have been processed within 24 hours to beed. Maybe this can be noticed when you want to make a withdrawal, sometimes we traders don't know about it.
Victor
Jun 8 2023
Hey, hope you're doing well! So, I've been exploring different trading techniques, and one thing that caught my attention is 'one-click trading.' It sounds pretty convenient, but I'm curious about the advantages it offers. Can you shed some light on why traders find it beneficial to use the one-click trading feature? I also came across the term 'Expert Advisors' that handle trades automatically. How do they fit into the picture? I'm just trying to wrap my head around these concepts and see how they can make trading easier and more efficient. Thanks in advance for your insights
George
Jun 15 2023
@Victor: Hey, great to hear you're diving into trading techniques! One-click trading is a nifty feature that simplifies the trading process for many traders. It allows you to execute trades with just a single click, without the need to manually input trade details like lot size, stop-loss, or take-profit levels. This can be a real time-saver, especially during fast-moving markets or when you want to seize trading opportunities quickly.
Now, let's talk about Expert Advisors (EAs). These are automated trading systems that can be integrated into trading platforms like MetaTrader. EAs use predefined algorithms to analyze the market and execute trades automatically based on specific conditions. They can be quite handy for traders who want to automate their trading strategies and remove the emotional factor from decision-making.
By combining one-click trading with EAs, you can streamline your trading process even further. You can set up your preferred parameters, let the EAs handle the trading execution, and use one-click trading to monitor and manage your trades effortlessly. (read : Make Money With Expert Advisor: This Is How You Do It)
Yosselyn
Jun 20 2023
a minimum deposit of 5 USD seems like very little money. XM covers all transfer fees and does not include hidden fees or fees for deposits and withdrawals. However, there are fees for wire transfer deposits and withdrawals of less than US$200 or currency equivalent.
I want to ask, bro. Usually, when withdrawing funds at a broker, many traders suggest that if you want to make a withdrawal, it is advisable to withdraw small amounts, the important thing is to do it regularly. but if I want to withdraw a large amount of funds, for example because there is an urgent need, is there a withdrawal limit. And when I made sure there were no problems, the funds turned out to be a very long process... what is a forex scam? Or are there other possible problems apart from that? Please explain friends...
Manuja P
Jun 21 2023
The problem with massive withdrawals is that the process requires a long process, especially for banks. Because if you withdraw a very large amount, the broker will transfer it to your bank account. If the money has been transferred to the bank, the process will involve the central bank who will look at the source of your funds and if there are no problems with the money, they will send the money to the central bank in your country. And there you will also see your money, after no problems it will go to your account.
The more money you transfer, the longer it will take to reach your local bank account.
And if your broker (eg XM) offers segregated accounts and is registered with the regulators, your funds are actually segregated from the broker. And the broker cannot use your money because of this policy. if set, then check deposit policy. If they don't separate the funds from the broker's operating money, I think it's better not to interfere.
To keep your money safe, you need to find a separate account policy. Even some regulated brokers don't provide this. It is best for securing your funds, creating conditions of trust between you and the broker.
Vance
Jun 21 2023
What are some of the key strategies and considerations that traders should keep in mind when trading overnight positions in XM, including factors such as market volatility, risk management, and the potential impact of news and events on positions, and how can traders effectively balance the potential benefits of holding positions overnight with the potential risks involved in doing so, while also taking into account XM's specific trading rules and guidelines?
Damian
Jun 22 2023
When it comes to trading overnight positions in XM, there are several key strategies and considerations that traders should keep in mind. Here are some of the most important factors to consider:
Market volatility: One of the biggest risks of holding overnight positions is that market volatility can significantly impact the value of a position while a trader is a. Therefore, traders should be aware of the level of volatility in the market and adjust their position sizing and risk management accordingly.
Risk management: It's crucial for traders to have a solid risk management plan in place when trading overnight positions. This includes setting stop-loss orders to limit potential losses and adjusting position sizes based on the amount of risk a trader is willing to take on.
Impact of news and events: Traders should also be aware of the potential impact of news and events on their positions. Major announcements or unexpected events can cause significant market movements, and traders need to be prepared to adjust their positions accordingly.
Balancing potential benefits with potential risks: While holding positions overnight can provide opportunities for traders to capture gains, it's important to balance these potential benefits with the potential risks involved in doing so. This requires a careful assessment of market conditions, risk tolerance, and the trader's overall trading strategy.
XM's specific trading rules and guidelines: Finally, traders need to be aware of XM's specific trading rules and guidelines when trading overnight positions. This includes understanding the rollover fees that may be charged for holding positions overnight and adhering to the broker's margin requirements.
In summary, trading overnight positions in XM requires a careful balance of market analysis, risk management, and adherence to the broker's specific rules and guidelines. By keeping these key strategies and considerations in mind, traders can effectively manage their positions and take advantage of opportunities while minimizing potential risks.
Hagai
Jun 23 2023
Which devices can be used with the Metatrader 5 (MT5) platform, considering the information provided? We all know that a trading platform is essential for conducting trades in the financial markets, and choosing the right one can save you time and make your trading process smoother. Now, let's talk about XM, a reputable broker with a large customer base, operating in numerous countries. If you decide to trade with XM, you'll have access to both MT4 and MT5 platforms on different devices. So, what are the devices compatible with the MT5 platform? Can you use it on your desktop computer, laptop, smartphone, or tablet? Understanding the advantages of each platform and aligning them with your specific trading needs will help you make an informed decision. So, let's explore the available options and find the best fit for your trading journey!
Suwandy
Jun 27 2023
@Hagai: Hey there! The MT5 platform can be used on different devices, so you have options for trading. You can access it on your desktop computer, laptop, smartphone, or tablet. If you prefer trading on your computer, you can install MT5 on Windows, macOS, or Linux. It gives you the full range of features and tools right on your desktop. If you're always on the move, the MT5 mobile app is available for iOS and Android devices. You can download it to your smartphone or tablet and stay connected to the markets wherever you are. It provides real-time market quotes, interactive charts, and the ability to execute trades on the go. So whether you like trading from your desk or while you're out and about, MT5 has you covered on your device of choice.
Joshua
Jun 25 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.
The main drawback is that XM's Indonesian clients will be trading through XM's Belize company, which has less regulatory oversight. XM offers five live accounts, which is more than any other broker, and has relatively average trading fees. All XM accounts, except the stock accounts, have a minimum deposit of 5 USD, making them accessible to beginners. No commission is charged for Forex trading on three of the five accounts, and traders will find spreads between 0.8 pips and 1.7 pips (EUR/USD), depending on the account.
Tailor
Jun 27 2023
Admiral Markets is one of the major respected Brokers with strong regulation and good reputation, account opening is easy and digital, Admiral Markets spreads are among the lowest in the industry based on our research, apart from that all trading strategies are available and there is a choice between Mt4 Platform MT5 and excellent education, research and 24/7 support. Strategies such as auto trading and copy trading are also available on the Admiral market, so beginners are also welcome.
There are not many negative points for Admiral markets, however we note that conditions and proposals vary according to the rules of the entity also some deposit methods will incur additional commissions in some jurisdictions, so it is best to verify these conditions accordingly.
Apart from that, Admiral Markets is considered a reliable broker with good trading conditions, suitable for traders with different levels of experience and trading investments, a good thing is also that Admiral Markets accepts traders from different parts of the world including European clients, Canadian clients, Australian traders and etc.
There is also excellent customer service for Admiral traders, with a great education and some of the best trading courses we've seen in the industry. That makes Admiral Markets suitable for beginners as well as other traders.
Liam Melker
Sep 3 2023
Sorry if it's a little off-topic. I actually don't really understand the terms in trading, including the MT4 platform which is said to be friendly and good for trading beginners. However, I found an XM broker that provides complete education. The question is, Do you offer video tutorials explaining how to use MT4? How do I take part in a webinar that I have registered for?
Riil Walker
Sep 4 2023
If you have already registered for the webinar, the broker has sent you a confirmation email with instructions. The email also includes a link you can use on the day to join the webinar. additionally, you can join any Advanced Education Room for free, if you have a real XM account. To access the room, visit our Live Education page and click the 'JOIN FOR FREE' button. You can also find a complete schedule for all Live Education Rooms here.
When it comes to MT4 tutorials, there's no need to worry because the broker has offered various video tutorials that help explain all the features and functionality of the MT4 platform and how to use them.
I will explain a little regarding MT4. MT4 Webtrader looks a little outdated, but it is very customizable. There are three chart types, including Line, Bar, and Candle charts, and you can access a wide selection of indicators in a variety of time frames. One other advantage of trading with XM is that it offers MT4 Multiterminal, which is not often available with other brokers. This allows traders to open and manage multiple MT4 accounts from one terminal with one login and password information.