Although the company offers a web-based trading platform, MetaTrader 4, it also has a desktop version. MetaTrader is the company"s primary platform, and is highly customizable. However, it lacks some of the features offered by its mobile counterpart. For example, it does not support Touch ID.
In addition, XM also offers a Shares Account, allowing its clients to trade real stocks. Those who open a Shares Account can buy individual stock CFDs for up to 1200 stocks. This is a great way to take advantage of the stock market without the hassle of buying individual stocks.
Unlike many online brokers, XM doesn"t charge an account fee or inactivity fees. This allows its clients to spend more time on the financial markets and less on maintenance costs. Plus, its fees are clear and concise, so you know exactly what you"re paying for. Another plus is that most brokers offer biometric authentication, which saves you from having to type in your password.
XM has a number of other products, including a MetaTrader 5 trading platform, which lets you trade the same portfolio you can on the web. Despite its shortcomings, the MetaTrader app is relatively functional. You can search for stocks, set up price alerts and receive email notifications. Most brokers provide biometric authentication on the mobile platform, so you won"t have to worry about logging in to your account and forgetting your username and password.
Among the features of the XM mobile app is Good "til cancelled, which means that it"s possible to close a trade after the trading is complete. The app also has a good search function and a mobile push notification system. On the downside, it doesn"t offer two-step authentication, which is required by most brokers.
Other features of the XM app include a two-step account login, which requires that you input your email address and MetaQuotes ID. Those who want to use the app on the go can also set up an account with their mobile device, but this will require you to enter your MetaQuotes ID. As with the MT4 desktop app, the mobile MetaQuotes ID can be found in the settings menu.
Despite its flaws, XM is a worthwhile stock to consider. With its IFSC-regulated entity, it offers significant upside over its competitors. And with a diversified suite of investment products and a user-friendly interface, it"s no wonder that the stock has enjoyed a resurgence in recent months. Even so, it"s still best to do your homework before investing, and to be sure that you"re comparing apples to apples. Whether you decide to invest in XM or another company, keep in mind that the best strategy is to make educated and unbiased decisions.