The XM Group’s classic MT4 trading platform (MetaTrader 4)
Overview of XM.com’s various trading platforms
The XM broker offers a wide range of trading platforms created by software developer Metaquotes:
Metatrader 4 (MT4) - is a classic trading platform with comprehensive functionality for both trading and analytics. It is the most popular Forex trading software option.
Metatrader 5 (MT5) - is an upgrade over the MetaTrader 4 version. Its functionality works well with the current high-frequency trading strategies.
MetaTrader 4 MultiTerminal - is designed for managing several trading accounts at once. It is convenient for supervisory traders and providing services for several investors at once.
Web versions of MetaTrader 4 and 5 - these are browser options for classic versions MetaTrader 4 and 5, but with an analytics upgrade. Their highpoint is that neither requires the installation of additional software or hardware onto your digital device to operate smoothly.
Mobile iterations of MetaTrader 4 and 5 - the mobile versions of these two well-known terminals are compatible with iOS and Android operating systems.
Below is the comparison table for various types of trading terminals and features on XM.com and its competitors from the Traders Union’s Forex Brokers rating.
| XM Group | Tickmill | Admiral Markets | |
| MT4 Mobile | Yes | Yes | Yes |
| MT4 Desktop | Yes | Yes | Yes |
| MT4 Web | Yes | Yes | Yes |
| MT5 | Yes | No | Yes |
XM Group Web MT4
All you need to start using the web version of the MT4 trading terminal from the XM Group broker is to have access to the internet with a browser installed on your device. You don't need to download or install anything else on your PC or smartphone. Although the functionality is slightly different from that offered by the standard MT4 desktop terminal, the platform is very popular with traders, as it makes it possible to remotely control the trading process from any location.
👍 Advantages
- There is no need to install the platform on a PC or smartphone
- Wide range of trading instruments
- All the necessary functionality for trading and market analysis
👎 Disadvantages
- There is no possibility to download more indicators and trading advisors
XM.com MetaTrader 4 – Web МТ4
It is easy to connect your account for trading in the Metatrader 4 web terminal of the XM Group broker. Just follow the link to access the web version of the broker's trading platform, then log in to your trading account.
XM Group’s Mobile MT4
The XM.com broker’s mobile platform is designed for iOS and Android-based devices. This terminal has rich functionality, although it is inferior to the desktop version in its trading capabilities. All the main functions are available like the ability to open and close positions, as well as analyze the Forex market.
👍 Advantages
- You can trade in any place convenient for you using a mobile device
- Wide range of trading instruments
- Variety of indicators and three types of charts are available
- Built-in news feed
👎 Disadvantages
- It is inconvenient to analyze charts on small screens
- There is no way to add third-party indicators and advisors
XM Group MetaTrader 4 – Mobile МТ4
Using the mobile version of the MetaTrader 4 platform allows you to open positions and analyze charts from any location without being shackled to the workplace. As for trading instruments, traders are offered the same set as in the classic versions of the terminal. However, there is one minor drawback: you cannot load expert advisors and indicators.
XM Group Desktop MT4
The desktop model of MetaTrader 4 is among the most popular trading programs. This platform is used by traders worldwide. The developers have gradually developed it but frequently adding new functionality. Currently, MetaTrader 4 is a full-service workstation for traders offering a wide range of analytical tools. You can send orders on your own, as well as work with advisors to automate the trading process.
👍 Advantages
- Huge choice of trading and graphic instruments
- Variety of indicators
- Various types of graphs
- Configuring the platform to work with multiple monitors
- Ability to customize the user interface for personal preferences
- There are versions for Windows and MAC OS
👎 Disadvantages
- Installation on a PC or laptop is required
XM Group MetaTrader 4 – Desktop МТ4
The desktop version of the MetaTrader 4 terminal has a convenient and intuitive interface. It opens up wide technical possibilities for the trader, and several monitors can be used to analyze charts at once. Also, it is easy in a desktop program to create and test your trading strategies or use ready-made third-party algorithms that employ the MQL programming language.
FAQs on the several XM Group trading platforms
What XM.com trading platform should a novice trader choose?
For those novice traders, we recommend paying attention to the MT4 trading platform web version, since this terminal has the most accessible tools and functions. If you need access to the trading platform remotely from your workplace, we recommend paying attention to the mobile and web versions of trading terminals.
What version of the terminal should I choose for a smartphone: Web MT4 or Mobile MT4?
The XM Group web version is a more universal tool, but MT4 Mobile is tailored to work seamlessly with iOS or Android-based devices. However, it is necessary to consult the terms and notations.
Are trading instruments different on different versions of XM Group platforms?
There are no differences in the number of trading instruments between different trading platforms of the XM.com portal. It doesn't matter whether you use the desktop version of the terminal for trading or work with a mobile platform, the same assets will be available to you. Just pay attention to the account type. The difference in instrument sets will only show up when you use different account types.
How to open a trading account with XM Group?
Follow the XM.com broker's website using the Traders Union referral link and go through a simple registration process.
What are the benefits of opening an account with XM Group through Traders Union?
In this case, you can get extra income risk-free based on the return of a part of the spread. Moreover, being a Traders Union client, you can count on free legal assistance in disputes with a broker, compensation fund refunds, daily analytics, the opportunity to participate in contests on demo accounts, and several other benefits.
Team that worked on the article
Ivan is a financial expert and analyst specializing in Forex, crypto, and stock trading. He prefers conservative trading strategies with low and medium risks, as well as medium-term and long-term investments. He has been working with financial markets for 8 years. Ivan prepares text materials for novice traders. He specializes in reviews and assessment of brokers, analyzing their reliability, trading conditions, and features.
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.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.