What is a Forex Trading Platform?
A forex trading platform is in essence the software provided by XM to its clients to carry out their trades.
The XM platforms (software) are available for
- 1. Downloadable Windows or Mac applications
- 2. Browser-based (web-based) non-downloadable applications
- 3. Applications for your smartphone(s)
XM offers forex trading (currency trading) on all its platforms. Our clients can choose the trading account that meets their needs and select the trading platform of their choice during their registration.
XM offers 2 families of trading platforms:
- 1. The MT4 Family of Platforms
- 2. The MT5 Family of Platforms (which also includes the XM WebTrader)
Kindly note that the XM WebTrader is part of the MT5 family of platforms and therefore accessible with the login and password a client would use to access the MT5 family of trading platforms.
How Can I Gain Access to Any of the XM Trading Platforms?
To gain access to any of the XM trading platforms, you will need to have a demo or a live trading account. Each unique account provides you with a login number that allows you login to the trading platform that you selected during the registration.
Depending on your needs, you can choose MT4 (FX trading platform) or MT5 (multi-asset trading platform).
What is a Multi-Asset Trading Platform?
A multi-asset trading platform is a trading platform that allows clients to trade not only in forex but also in other asset classes including stock indices, metals or energies.
XM offers clients multi-asset trading on the MT5 platform.
Clients who wish to trade on multiple asset classes, will have to select the MT5 as their platform of choice during registration.
Existing clients who currently have a trading account on MT4 and wish to also maintain an account on the MT5 platform can open an additional account from the XM Members Area and select MT5 as their platform of choice for their additional account.
Which Platform Should I Choose?
The decision about which platform to choose is clearly based on what a client would like to trade. At XM, clients have the choice to select the MT4 family of platforms or the MT5 family of platforms.
Clients who need the freedom to trade in multiple asset classes, are recommended to choose the MT5 family of trading platforms, which also gives them access to the XM WebTrader.
What is the Difference Between the MT4 Platform and the MT5 Platform?
The primary difference between MT4 and MT5 is that MT4 is predominantly a forex trading platform, while MT5 is a multi-asset trading platform. This means that MT5 offers not only FX but also trading in stocks, stock indices and precious metals.
How Can I Deposit to the Trading Platform of My Choice?
To deposit funds to the trading platform you trade on, you will first be required to open a live trading account.
Your live account will give you access to the XM Members Area, which is were you will be able to deposit and withdraw funds from your trading account.
Any funds deposits and withdrawals, the changes of settings to your account are made via the XM Members Area, which will all reflect in your trading platform as per the on-screen instructions provided while carrying out these actions in your personal Members Area.
Can I Trade on my Smartphone?
Yes, you can. XM offers mobile trading for all its trading platforms, and our clients can download the matching application of their platform of choice.
The instructions of how to access the mobile trading platforms can be found on the relevant page of the mobile platform itself on the XM website.
Can I Deposit or Withdraw to My Trading Platform From my Phone?
Yes, you can. At XM deposits and withdrawals are performed via the XM Members Area, which is fully functional on all mobile devices and which has been designed with mobile trading in mind.
Are All Platforms Accessible with the Same Login/Password?
No, they are not. All platforms in the MT4 family are accessible with the same login and password, while all platforms in the MT5 family are accessible with the same login and password.
XM offers 2 families of trading platforms:
- 1. The MT4 Family of Platforms
- 2. The MT5 Family of Platforms (which also includes the XM WebTrader)
Please note that the XM WebTrader is part of the MT5 family of platforms and therefore accessible with the login and password a client would use to access the MT5 family of trading platforms.
