XM Stock Trading
There are plenty of financial investment platforms on the market today. However, they all have their own unique drawbacks and benefits. This makes choosing a platform problematic for many consumers – while some platforms are highly reputable, many of the most popular platforms require higher fees. On the other hand, some of the less reputable platforms are more dangerous, despite lower fees. Therefore, potential employees must perform their due diligence before spending their money on any given platform. That said, here is a closer look at trading stocks on the XM platform.
Can You Trade Stocks at XM?
If you are wondering whether you can trade stocks at XM, the answer is yes. XM is a trading platform that offers stock CFD trading as well as direct access to an array of financial instruments across the globe. In other words, holding an XM trading account makes it possible for traders to access and invest in global economies. No matter if you wish to invest for the long or short term, XM is Ideal for investors of all skill levels. This makes XM an ideal platform for stock trading, no matter if they’re experts or just beginning their investment journey.
How to start buying stocks at XM?
If you are ready to begin your investment journey on XM by investing in stocks, simply complete the following steps:
Open XM account: The first step to trading online is to open an XM account. This requires users to provide personal details about themselves to get verified and access the space.
Pick account type: XM offers both standard and micro-accounts. You must choose the best account type based on your own unique investment needs and preferences.
Submit the required documents: Once you have picked your account type, you need to submit the required documents. Depending on your account type and preferences, you may need to provide several different documents before you are able to trade on the platform.
Deposit funds: Next, you need to select a payment method and deposit funds into your account to begin investing.
Install MT4 platform: After that, you need to install the MT4 platform, which is a highly customizable trading platform.
Start trading: Now that you have completed all the preliminary work, you can begin trading. To do so, make sure you do your research and have an idea of which stocks you want to invest in.
XM Alternatives
If you are looking for viable XM alternatives, here are a couple of platforms worth considering:
Interactive Brokers
For those who are yet unfamiliar, Interactive Brokers LLC is an American multinational brokerage firm. Operating on the most major electronic trading platform in the U.S Interactive Brokers is one of the most popular trading platforms in existence. The company brokers stocks, options, futures, EFPs, futures options, forex, bonds, and funds.
eToro
On the other hand, eToro is an Israeli international social trading and multi-asset investment company that provides financial and copy trading services. The company is headquartered in Central Israel and has registered offices in Cyprus, the United Kingdom, the United States, and Australia.
Ameritrade
For those who are yet unfamiliar with the platform, TD Ameritrade is a stock broker that provides its users with an electronic trading platform to trade an array of financial assets. These assets include preferred stocks, common stocks, exchange-traded funds, futures contracts, forex, options, fixed-income investments, mutual funds, fixed-income investments, margin lending, and cash management services.
eTrade
Lastly, eTrade is a financial services subsidiary of Morgan Stanley. eTrade offers an electronic trading platform to trade financial assets. Many investors enjoy using eTrade because it has easy-to-use tools, outstanding customer service, a large selection of investments, an advanced mobile app, and more.
FAQ
What kinds of stocks can you trade using XM?
XM allows investors to access three different platforms to trade over 100 traditional stocks and over 1200 stock CFDs.
How many investors does XM presently serve?
XM has over 5 million clients in over 190 countries.
Does XM provide its investors with educational resources?
Yes, XM has a research and education center that is available to all users. It offers daily updates on trading sessions, as well as various daily briefings on all critical market events.
How many payment methods does XM accept?
XM accepts over 25 secure payment methods.
Team that worked on the article
Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform. Andrey focuses on educating readers about the potential rewards and risks involved in trading financial markets.
He firmly believes that passive investing is a more suitable strategy for most individuals. Andrey's conservative approach and focus on risk management resonate with many readers, making him a trusted source of financial information.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.
Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.