[XM Trading: For Beginners] XM VS MyfxMarkets Features, Spreads, Leverage Comparison Which is Better?

XM has become one of the top Forex companies in the world and has many users all over the world. For that reason, it has become a highly rated Forex company, and MyfxMarkets also has a large number of registered users, mainly Japanese users. Which one is better for actually using a Forex company?

XM company profile

XM actually has three companies. If you search online, you should find three hits: XM.com, XMtrading.com, and XMGlobal. The parent company of these three is the same “Trading Point Holdings Ltd”, but they use different domains (company) depending on the country they provide.

[XMTrading: For FX beginners] Reputation and word of mouth, company information and acquired license safety Advantages and disadvantages

XM Trading is one of the world's most well-known Forex brokers. It has many users and is said to have the largest number of users in the world. Where is XM Trading headquartered and what licenses does it hold? I am writing about that.

www.globalforextradesite.work

2022.12.31

XM account type

XM has four types of accounts: “Standard account”, “Micro account”, “KIWAMI pole account” and “Zero account”.

[XM Trading: For Forex Beginners] Comparison of Account Types and Differences

As of 2023, there are about 4 account types on XM. I will explain the differences between each, but if you are a beginner, we recommend starting with the standard account. This is because there are many people who don't know the difference, and it's preferable to change the steel type if you're not happy with it after using it.

www.globalforextradesite.work

2022.12.31

User reviews, reputation

Japanese users are the main users of XM. We have collected reviews from Japanese users who have actually used the product, so please refer to it.

[XM Trading: For Forex Beginners] Reviews and Reputation of XM - Japanese User Edition

XM Trading is the world's most popular Forex broker. It is used by many users and is expected to continue to grow. However, among those who are thinking of using XM from now on, I think there are many people who are wondering if the usability of XM itself is the torso. So, I collected the raw voices of XM users.

www.globalforextradesite.work

2023.01.01

Distribution of XM registered users by country and region

I quoted from TradersUnion, a global trade review site. The country distribution of XM users is shown below. TradersUnion is a review site for forex companies and cryptocurrency exchanges. There are many reviews posted by users all over the world, so it is helpful, but it is better to keep it as a reference because there is fake information.

In the case of XM, there are a lot of Thai users. Overall, you can see that there are a lot of users in Southeast Asia, Southern Africa, and Central and South America. I have the impression that XM has succeeded in attracting customers because it will become one of the top Forex companies in the world.

Source : TradersUnion

On the other hand, in the case of XM Trading, Japanese users account for nearly 99%. In addition, it is clear that Thais, Koreans, and Americans are using this XM.

Source : TradersUnion

What is MyfxMarkets?

MyfxMarkets is quite popular due to its high execution power and narrow spreads. Furthermore, since bonuses are held, it will be a Forex company with a large number of users. However, most of the users are Japanese, and global expansion has not been very successful.

MyfxMarkets

XM VS MyfxMarkets

bonuses and promotions

XM has account opening bonuses, deposit bonuses and even loyalty programs. MyfxMarkets has account opening bonuses and deposit bonuses, but XM is clearly better.

Maximum leverage

MyfxMarkets is limited with a maximum leverage of 500x. On the other hand, XM has a maximum leverage of 1000 times, and you can see that there is a difference.

Operating period

Both of them have been operating for more than 10 years, so they are very stable. Traders will be able to trade with a lot of peace of mind.

average spread comparison

I compared the average spreads of XM and MyfxMarkets with a standard account. XM has very narrow spreads on the zero account, but the spreads on the standard account are very wide. MyfxMarkets’ standard account has clearly narrower spreads, making it a recommended Forex company for short-term trading than XM.

Brands handled

You can see that XM handles more stocks in general, but you can also see that there is not much difference.

Open a free account

XM Trading allows you to open an account for free. Therefore, there is no risk, so you can easily open an account. The following article introduces how to open an account, so please refer to it.

[XMTrading: For FX Beginners] Latest real account opening method and procedure, required documents, important points explained

XM Trading is the world's most used Forex broker. In order to actually do Forex, it is necessary to have a wide account at a Forex company. By the way, opening an account is easy even for beginners, and there is no cost. Opening an account may sound troublesome, but it only takes about 10 minutes to fill in the registration form and about 30 minutes to authenticate the required documents. It will be possible to start.

www.globalforextradesite.work

2022.12.30