How to start trading Bitcoin with XM?

To start trading Bitcoin with XM, you can follow these steps:

Open an account:
To trade Bitcoin with XM, you need to have an XM account. You can register for an account on their website and complete the verification process.
Deposit funds:
Once your account is verified, you can deposit funds into your account using one of the available deposit methods.
Download and install the trading platform:
XM offers a variety of trading platforms, including MetaTrader 4 and MetaTrader 5. You can download and install the platform of your choice from the XM website.
Add Bitcoin to your trading platform:
After installing the trading platform, you can add Bitcoin to your list of tradable instruments by searching for it in the platform’s Market Watch section.
Start trading:
Once you have added Bitcoin to your trading platform, you can start trading by placing buy or sell orders.

As for the conditions, XM offers Bitcoin trading with the following specifications:

  • Trading hours: 24/7
  • Average spread: 60 pips (as of February 2023)
  • Minimum trade size: 0.01 lots
  • Maximum trade size: 10 lots
  • Minimum deposit: $5 for Micro and Standard accounts, $50 for XM Zero accounts
  • Leverage: up to 1:250
  • Margin call/stop out level: 50%/20%
Note that trading CFDs on cryptocurrencies, including Bitcoin, involves a high level of risk and may not be suitable for all investors. It is important to understand the risks involved and to only trade with funds that you can afford to lose.

Go to XM’s Official Website

Why trade with XM?

The main merits of XM Global’s cryptocurrency trading service are as follows:

Access to a variety of cryptocurrencies:
XM Global offers trading in a range of popular cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple, and others, giving traders a wider range of trading options.
Leverage:
XM Global provides leverage of up to 1:2 for trading cryptocurrencies, which allows traders to amplify their potential gains and losses. This can increase the profit potential for traders who use leverage effectively.
Risk management tools:
XM Global provides risk management tools, such as stop-loss orders, to help traders manage their risk. This can help traders limit their losses and protect their profits.
Availability of popular trading platforms:
XM Global allows traders to trade cryptocurrencies on the popular MetaTrader 4 and MetaTrader 5 platforms, which are widely used in the industry and offer a range of advanced trading tools and features.
Regulated broker:
XM Global is a regulated broker, which means that it operates under strict guidelines and regulations to protect its clients. This can give traders greater confidence in the safety and security of their funds.
It’s important to note that trading cryptocurrencies can be risky, and traders should carefully consider their investment goals and risk tolerance before trading on any platform, including XM Global.

Go to XM’s Official Website