XM Group Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of XM Group trading signals. You will learn what kinds of trading signals XM Group offers and what the conditions for using them are.
Short introduction of XM Group
XM Group is a globally recognized broker, operational in nearly 190 countries and serving over 5 million traders. The broker offers over 1,000 trading instruments, including Forex pairs, stocks, commodities, cryptocurrencies, and precious metals. With licenses from regulators like ASIC and CySEC, XM ensures a secure trading environment.
The company is committed to high-speed order execution without requotes, ensuring 99.35% of trades are completed nearly instantly. The broker's leverage varies by region, offering up to 1:1000 for some non-EU countries while maintaining strict compliance with European standards for others. The spreads start from 0.6 pips.
XM doesn't offer passive investment options like PAMM accounts but provides access to MQL5 copy trading and a VPS for algorithmic trading.
| 💰 Account currency: | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, SGD, ZAR |
| 🚀 Minimum deposit: | $5 |
| ⚖️ Leverage: | 1:30 (only for EU regulated Entity and AU). For all the other countries - 1:1000. |
| 💱 Spread: | From 0.6 pips |
| 🔧 Instruments: | Currencies, stocks, commodities, stock indices, precious metals, and energies |
| 💹 Margin Call / Stop Out: | 100%/50% |
XM Group Pros and Cons
👍 Advantages of trading with XM Group:
•XM Broker guarantees 100% execution of orders, 99,35% of orders delivered nearly instantly. No requotes guaranteed;
•no “markup” on narrow market spreads (broker's margins over the spread);
•over 1,000 trading instruments. Available for trading are: more than 55 currency pairs, including CFDs on cross rates, metals (including palladium and platinum), commodities (cocoa, cotton, grain), stocks;
•no commission for replenishment and withdrawal of money. XM Broker incurs all commission costs of payment systems;
•around the clock support for 5 days a week in more than 30 languages.
👎 Disadvantages of XM Group:
•passive investment services (social trading platform, PAMM accounts);
•expanding their limited choice of trading platforms. Despite the fact that the broker offers 16 terminals, all of them are modifications of MT4 and MT5 for desktop, browser and mobile trading.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
XM Group Trading Signals
Copy trading signals
MQL5 is a community of traders from all over the world located on the platform of MetaQuotes company, the developer of Metatrader platforms. XM Broker offers direct access to MQL5 trading signals from traders with productive trading for more than 1 month. In addition, traders get direct access to the programming environment directly from within the broker's trading terminals. Learn More about XM Copy Trading
Advantages of MQL5 signal copy service:
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automatic copy trading from MQL5 website (there is an option of manual copying);
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signals can be combined with algorithmic trading (creating advisors based on MQL5 signals using a program code inside the platform);
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copy service is already built into Metatrader.
Disadvantage: signals are provided for 1 month, after which the question about paying for a subscription appears. One trading account can be subscribed to only one signal provider.
Trading central signals
Clients of XM Group can use Trading Central. Trading Central is a globally recognized market analysis service. Сlients of XM Group can use it to access a vast amount of analytical information. This is especially useful for day traders and position traders.
Trading Central provides the following data:
Information about current support and resistance levels.
Signals for indicators such as MACD, RSI, Moving Average, and others on different timeframes.
General entry and exit point recommendations.
Price movement possibilities for various assets and points at which the price may rise or fall.
Overall market characteristics, etc.
Trading Central data is provided for the Forex market, indices, as well as certain commodities such as oil and gold.
Conclusion
Based on the results of the analysis of the XM Group trading signals, Traders Union analysts established that the conditions are average. The broker offers limited opportunities for the clients choose its trading signals. However, there are also benefits, which is why they can be considered for investment. Keep in mind that trading signals carry the risk of losses and make sure to use the rules of risk management.
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FAQs
Can trading signals depend on the account type?
Yes. As a rule, they are provided for certain account types, but may also be available for the standard account.
Is automatic position opening based on signals possible?
Yes, it is what copy trading implies. In this case, all trades are copied automatically to the trader’s platform.
How do I test the signals if I can’t do it on a demo account?
In this case, it is best to test them using the minimum deposit. You will need to check the minimum deposit level of the broker.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.