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.

XM Trading Platforms


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.


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.


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.