Trading involves a lot of different details that one has to keep in mind. That’s why it is crucial to have a basic understanding of trading features, otherwise, you won’t be able to choose the most beneficial account type for yourself. 

With that being said, let’s take a look at some of the most important trading aspects of the XM Standard account that you will need to consider. 

Leverage

The leverage ratio is something that you should always check out. Why? Because if you decide to use borrowed funds from the broker, you will definitely have to understand exactly what you are getting and what is expected of you when it comes to repaying these funds. Basically, leverage is the money that the broker lends you so you can trade with more capital than you originally have. 

For an XM Standard account, it goes up to 1:888. This is quite good for professional traders, but for beginners, it might not be really attractive because there is a high risk of huge losses. 

Spreads

Spreads are as low as 1 pip on the XM Standard account. As for all of the other XM account types, you will not have to pay any commissions, which makes a standard account much more attractive for traders. 

Currency Pairs

The XM Standard account offers a variety of currency options. This includes USD, EUR, GBP, JPY, CHF, ‎AUD, HUF, PLN, RUB, SGD, and ZAR. Not all of them are the most common and popular currencies to use, but having extra options never hurts, especially for professional traders. In fact, this can be considered an advantage because not all brokerage firms offer a huge variety of exotic pairs. 

Low Trading Costs

When talking about trading costs, you should look at two key elements, namely commission and spreads. Spreads are the difference between the ask and bid prices. 

As we already mentioned, XM Standard account spreads start from 1.0 pip on all main currency pairs, which is significantly lower than other reputable and large brokers. 

Additionally, when choosing an XM Standard account, there are no additional fees, so the price of trading remains reasonable. 

Like everything else in the world, the XM Standard account also has its own advantages and disadvantages. The most important thing is that the pros outweigh the cons, and there is nothing bad going on here. 

Pros

For any type of account, the XM site provides negative balance protection. It means that your account can never go into a negative. Even if the market circumstances will change quickly against your trades, you will never become indebted to the broker by losing more than what you have on your account. 

Another benefit for traders is that the transaction volume for XM Standard account lot size can be as low as 0.01. 

It is also important to mention that the XM Standard accountminimum deposit requirement is just 5$, which is not a lot for sure, especially in the beginning. 

Cons

One of the disadvantages of having an XM live account is the inactivity fee. If traders are inactive for 90 days, they will be charged a one-time fee of $15, followed by a monthly fee of $5 thereafter.

Unfortunately, the company is unable to provide complete protection to non-EU customers, which might be a significant disadvantage for some.