Demo Account Guide
Demo Account Guide
R

Tight spreads

S Sandy Taiwan Dec 23 2022

XM's fees and spreads are low, but some products are still high. When trading EUR/USD, Europe CFDs, and S&P 500 CFDs, we can see spreads as low as 0, with the exception of the European 50 CFDs during peak trading, which is a spread of 2.6 points. However, the S&P 500 CFD only charges 0.7 pips during peak trading hours. Recommended? For me, if you trade some instruments there. And remember, you need to find good instrument that suitable for you.

J Jeremy Smith
Nigeria Jan 24 2024

@Sandy:  Hey there! I get that you're a bit worried about certain instruments on XM having higher spreads. But you know, different instruments come with different spreads because of varying liquidity and supply-demand situations. So, it's pretty normal to see some spreads at the lower end while others might have a bit more spread.

Now, regarding your observation about spreads fluctuating during peak trading, that's totally normal too. Real market spreads do that, and if XM has a floating spread, it means they're keeping it real. The floating spread, which can sometimes be high, is also tied to liquidity and supply-demand factors. (read : Fixed Spread Vs Floating Spread, What are the Differences?)

As someone who uses XM, I find that despite some instruments having higher spreads, the platform's education offerings are top-notch and perfect for beginners. The overall facilities on XM are on par with other brokers. Personally, I'm a fan of the XM Copy Trade feature. It's a great way for beginners to start making profits while learning the ropes of Forex. Definitely worth checking out. And remember, it's not just about fees; look at the overall facilities. If you're skeptical about my experience, you can read this article for more details (Getting Started with XM Copy Trading for New Investors)

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