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%
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.
Please check XM official website or contact the customer support with regard to the latest information and more accurate details.
XM official website is here.
Please click "Introduction of XM", if you want to know the details and the company information of XM.
(Forex Broker)
Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...