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Ultra Low Standard Account
Flavio Coppola
Italy
2024-05-23
ANSWER Spreads represent the difference between the bid and ask prices for a currency pair, whereas commissions are fees charged by brokers for executing trades. These two constitute distinct pricing models that brokers employ to generate revenue. Each model has its own set of advantages and disadvantages. The choice between spreads and commissions largely hinges on the trader's individual trading style, strategy, and preferences.Regarding the specific choice of XM mentioned in your query, it is advisable to consult their website to gain a clear understanding of the trading conditions they offer. Additionally, reaching out to their customer service can provide a more comprehensive insight, assisting you in making an informed decision about which type of account to choose.
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Hi! I'd really appreciate your professional opinions for XM. Thanks in advance!
palani
Cuba
2021-11-29
ANSWER XM is authorised and licensed by several regulators, including the UK's Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities & Investment Commission (ASIC), DuBai Financial Services Authority (DFSA) and the International Financial Services Commission (IFSC). For more details about this broker you can check our full XM review. As a legit broker overseen by top-tier regulators like FCA, CySEC and ASIC, XM is required to follow a series of rigorous rules and obligations, therefore operating in a relatively credible and transparent way with a secure trading environment. Hence, this broker is considered to be a reliable broker by comparison with unregulated and weak-regulated brokers.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.