XM: Review of the mobile app
XM is the next-generation online broker which offers a vast array of progressive features for trading forex, commodities, equity indices, precious metals and energies. With more than 500,000 real accounts opened since it was founded in 2009, XM has become a true leader in the industry. XM welcomes players form 196 countries in 20 different languages and it developed 8 different full feature trading platforms to suit the needs of every client. We will focus here on MT4 Mobile apps for both Android and Apple operating systems which seamlessly allow you to trade anywhere anytime with full account functionality.
How to download the app
By downloading the iPhone or the Droid Trader you get the exclusive opportunity to access your account from your mobile phone with the same login and password you use to open it on your desktop computer. The download process of the 100% Native Android/ iPhone Native App is very simple and fast, you just have to follow the steps below:
- Type XM trader in the search box of the App/ Play Store
- Select XM trader’s icon and click install
- Enjoy the full account functionality
Trading Offer
XM are widely recognized as an excellent broker with multitude of options, account types and tools to suit all traders including beginners and professionals. The list of available financial assets to be traded via your mobile is never-ending and it is organized in 5 main categories: forex, commodities, equity indices, precious metals and energies. For instance if you decide to trade forex, 50 currency pairs including major crosses and exotics are available for trade 24 hours a day, 5 days a week with leverage up to 888:1 and no commissions or hidden costs. On the other hand, commodity markets offer various investment opportunities for retail traders worldwide. The XM list of commodities includes cocoa, coffee, corn, cotton, high grade copper, soybeans, sugar and wheat which can be traded without actually owning the financial instrument. The equity trading at XM is cost-effective and it gives a direct access to the global equity market. Gold and Silver are to be found in the category precious metals and can be traded without requotes. Finally, the list of energies to trade includes London Gas Oil, natural gas and oil which is the most actively traded commodity worldwide.
Mobile Bonus
XM does not offer a Mobile Bonus specifically designed for the traders who want to play on the go, however it does offer a range of different bonus offers which are to be enjoyed both on your portable device and on your computer. For instance, in order the new clients to get a feel of what their trading experience would be like at XM, they are given a £20 no deposit bonus which is automatically credited to their account once they complete the registration process. In addition, you can earn a 50% up to £500 on your first deposit. If you are loyal player, you can earn some infinite cash rewards and credit bonuses.
Screenshots of the app
It is all about style with XM Mobile Trader. Once you enter the app you will immediately notice the user-friendly interface and easy-to-find-everything navigation. The three chart types and the 30 technical indicators are presented in different colors and graphics which improve the whole trading experience and make it more entertaining. Plus, there is a full trading journal where you can find info about all your previous and current trades.
Functionality
The free-to-use mobile app specifically designed with the modern trader in mind provides a full MT4 Account Functionality. This means that you are guaranteed to get the same experience on any platform you get to choose out of the 8 different available ones. In addition, with the mobile trader you will get to enjoy some built in news functionality with push notifications which will always remind you of the news and changes going on in the trade market. XM Mobile Trader is fully functional which means you can deposit, trade on every asset via any trading type and withdraw winnings.
Can I trade on my device?
As we already stated before anyone owning a portable device can trade on the go at XM. No matter if you are an iPhone or Android user, just by downloading the app you will be able to enjoy the fully optimized mobile trading experience provided by XM. The multiple device compatibility is one of the features which make XM such a successful online broker. Trade anywhere, anytime with Mobile XM.
Facts about the Operator
XM is the registered trade name of Trading Point of Financial Instruments Ltd international forex broker with its main offices in Limassol, Cyprus. To date, there are more than 150,000 real account opened from 196 different countries. The number of executed trades with zero requotes or rejections exceeds 150,000,000. At XM, you can open one of the three available account types: Micro Account, Standard Account and XM Zero Account. XM is a client-oriented online broker which pays a special attention to the education of its traders. If you are new in the business, it is advisable that you attend at least one of the webinars/seminars organized by XM, or to watch at least some of their tutorials.
FAQ
What deposit/withdrawal options do you have?
Currently, you can choose from the following options to deposit and withdraw funds: multiple credit cards, multiple electronic payment methods, bank wire transfer, local bank transfer, and other payment methods. Please read further detail about the deposit options and withdrawal options on the respective website pages.
What is the maximum amount that I can trade online?
There is no maximum amount you can trade online, but there is a maximum number of 50 standard lots you can trade online at streaming prices for STANDARD accounts and 100 micro lots for MICRO accounts. The maximum number of positions open at the same time, and for all account types, is 200.
How long can I use a demo account?
At XM demo accounts do not have an expiry date, and so you can use them as long as you want. Demo accounts that have been inactive for longer than 90 days from the last login will be closed. However, you can open a new demo account at any time.