Ask about XM Ultra low accounts

XM broker
F
Fian
05 Apr 2021, 16:34 556 Views

Excuse me, I want to ask about the ultra-low account of XM. Maybe the experts here can provide a review based on experience.
1. Is the XM Ultra low account really lower in spread compared to the standard XM account when trading for real?
2. Can the XM Ultra low account be registered on copy trading platforms such as mql5, etc.?
3. Does the absence of protection against negative balances in the XM Ultra low account mean that our balance is not MC anymore, but can go into the negative?
Thank you in advance 🙏

3 Answer

E
erik tri cahyo 12 Apr 2021, 21:32
To Fian,

1. We apologize in advance, as we are not very familiar with the technical conditions on real accounts. However, as the name suggests, accounts that carry the ultra-low spread brand usually have relatively lower spreads compared to other account types.

2. Yes, it is possible. For more information, please visit the MQL5 page directly.

3. As the name suggests, negative balance protection is a feature that will protect/prevent your trading account from a negative/minus balance. This feature will be very useful for both parties, both traders and brokers. This feature will save traders from a negative balance, which, if it occurs, the trader will owe the broker the amount of the negative balance. And this feature is also useful to prevent brokers from losing too much. Because if a trader/client experiences a negative balance, then of course the broker will also suffer losses or be negatively impacted. Thus, this feature has become a mandatory and standard feature in almost all brokers.

Hopefully this can help.
Y
Yuniawati 13 Apr 2021, 15:55
This ultra low account, what kind of account type is its calculation like? Standard? Or mini or cent?
E
erik tri cahyo 19 Apr 2021, 09:35
To Yuniawati,

This ultra-low account is almost the same as a standard account, except that the spread applied to this account is relatively lower compared to a standard account.

Hopefully, this helps.

Add Answer

Loading editor...
Back to Forum

Forum XM

view all

Testimonials XM

view all