Leading EU forex and CFD broker XM announced it is lowering the commissions on its popular Zero Account. Starting from February 12, 2018 the broker will charge $3.5 per $100 000 traded (one lot), instead of $5 per lot.
“Over the years, we have collected feedback and have made optimizations to the XM Zero Account, which have helped build its speed and its execution, and this resulted in its increasing popularity as an account type at XM”, the company said.
The XM Zero Account was launched in 2014. It offers tight spreads from 0 pips, a leverage of up to 1:500 and clients can choose between USD, JPY and EUR as based currencies. They can trade in over 55 currency pairs, gold and silver, on MetaTrader 4 and 5. additionally, there is a VPS service, one click trading and zero fees on deposits and withdrawals. Hedging is allowed.
XM is an EU award-winning broker that offers wide range of trading products and account types on two platforms under competitive conditions and Negative Balance Protection.
XM is a brand of Trading Point Holdings Ltd., a company regulated by the Cyprus Securities and Exchange Commission (CySEC). Apart from its units in Cyprus and UK, it also has a subsidiary in the UK, licensed by the Financial Conduct Authority (FCA), an Australian unit, which holds a license from the Australian Securities and Investments Commission (ASIC).
The instrument portfolio of XM includes forex pairs and CFDs on stocks, commodities, precious metals, cryptocurrencies, energies and equity indices.