The XM Zero account type is a forex trading account that is designed to provide traders with the lowest possible spreads and commissions. This account type is popular among experienced traders who want to optimize their trading performance and reduce their trading costs.
The XM Zero account type is a commission-based account, which means that traders pay a fixed commission per lot traded instead of paying a spread. The commission for the XM Zero account is $3.5 per lot traded, which is lower than the commissions of other forex brokers.
The spreads for the XM Zero account type are also very low, with average spreads of 0.0 pips for major currency pairs like EUR/USD, USD/JPY, and GBP/USD. This means that traders can enter and exit trades at the best possible prices, without worrying about widening spreads.
To open an XM Zero account, traders must deposit a minimum of $100. The account can be denominated in USD, EUR, GBP, JPY, AUD, CHF, and PLN. Traders can also choose to use leverage up to 1:500, which means that they can trade with up to 500 times their account balance.
One of the main advantages of the XM Zero account type is that it provides traders with access to the same trading conditions as institutional traders. This means that traders can enjoy the same low spreads and commissions as large financial institutions, which can help them increase their trading profits.
The XM Zero account type also provides traders with access to a wide range of trading instruments. Traders can trade forex, commodities, precious metals, and CFDs on stocks and indices. The maximum number of open/pending orders for the XM Zero account is 200 per client.
Another advantage of the XM Zero account type is that it provides traders with access to advanced trading platforms. Traders can choose to use the MetaTrader 4 or MetaTrader 5 platforms, which are widely regarded as the best trading platforms in the industry.
The XM Zero account type also provides traders with access to advanced trading tools and resources. Traders can use technical analysis tools like indicators and charts to analyze market trends and make informed trading decisions. They can also use economic calendars to stay up-to-date with important economic events that can affect the markets.
In conclusion, the XM Zero account type is an excellent choice for experienced traders who want to optimize their trading performance and reduce their trading costs. The account provides traders with access to low spreads and commissions, advanced trading platforms and tools, and a wide range of trading instruments. If you are an experienced trader looking for a high-performance forex trading account, the XM Zero account type may be the right choice for you.