XM is a part of Trading Group, a business that is located in the UK and is subject to FCA regulation. The company's Forex and CFD division, XM, offers users of MetaTrader unmatched accessibility. Not only can MT4 and MT5 be utilized on any computer, but also on any smartphone or tablet. With MT5 for iOS and Android, you can trade from just about anywhere in the world. Additionally, XM offers you more than simply a straightforward trading account.
You may access the video instructional collection at any time, and you can get daily technical analysis and market research for free. Customer service is available around-the-clock for live assistance. Additionally, you receive a sonal account managera real person! Along with CFDs on stocks from 17 different nations, commodities, and precious metals, XM offers trading in 55 different currency pairings. Select from hundreds of unique items, including indexes and cryptocurrencies, across seven distinct asset classes. As a result of its sample account, XM is a fantastic place for newbies. Before depositing their hard-earned money into accounts, newcomers may practice their ideas with $100,000 in virtual money.
The most recent software version from Russian company MetaQuotes Software, which created the trading platform, is called MetaTrader 5. Contrary to MetaTrader 4, which only supported trading with traditional Forex companies, MetaTrader 5 also supported trading with commodities and stocks. Improved connection times and new indication tools introduced.
Despite having a similar appearance, MetaTrader 4 and 5 are not backwards compatible. Programming for MetaTrader 5 is done in a whole new language. The software for MetaTrader 4 is developed in MQL4, while MQL5 was first released in MetaTrader 5. Extensive libraries of ext advisors (tools for automating the analytical and trading processes) and other robots were available to MetaTrader 4 customers, however these were superseded by the MetaTrader 5 platform.