This article introduces xmtrading’s trading, ordering, payment methods, and how to use MT with images. You can also trade with limit and stop orders on your smartphone. Once you learn how to set up deposits and withdrawals in XMTrading, all you need to do is learn how to trade. You can trade on XM using either your smartphone or PC. Now, let me tell you how to install and configure the tools for both. Prepare your ID, path, and server name in advance. If you have forgotten it, please contact XM Support.
What is MT4? What kind of trading tool is it?
MT4 is a trading platform developed and provided by MetaQuotes. It is the most used trading tool in the world and is the trading tool adopted by FX brokers all over the world. A feature of MT4 is that it not only allows normal discretionary trading, but also automatic trading using an additional program called EA. MT4 is a standard tool overseas. It is very simple to use and easy to make profits. The tools are displayed as a list on the official website and can be downloaded for free. We will introduce the contents of the tool for your reference.
Trading with automated trading (EA) tools
MT4 can be used by selecting an automatic trading program. The advantage of automated trading is that it eliminates emotional and subjective biases. However, the failure rate is extremely high, and 99% of operators have suffered hardships, so please think carefully about whether or not to actually do it. You can set up how to start and the rules yourself, and standard settings can be made to suit each method. Once completed, just leave it alone.
technical indicators
MT4 allows you to use more than 20 indicators by default for high-performance charts. Therefore, MT4 is also recommended for those who like very maniac trading. Thorough technical analysis is essential when holding a position. Knowledge is essential at first, but by checking it, you can find out the reason why you are losing.
Development completed
MT4 already has a policy that the development company will not fix any bugs. Because of this, even if there is a problem in the future, it will not be fixed. MT4 is not recommended because so many users have migrated to MT5. As a risk and precaution, the number of users will decrease in the future. Brokers often use MT4, but be sure to migrate to MT5 at some point. Very useful.
What is MT5? What kind of trading tool is it?
MT5 is a trading platform developed and provided by MetaQuotes. It is the most used trading tool in the world and is the trading tool adopted by FX brokers all over the world. Since MT5 is the successor version of MT4, its basic functions are overwhelmingly superior to MT4. You can trade with just a tap on your smartphone such as Android or iPhone. It is also officially recommended. Even if you don’t understand it, you can move it by feeling with a little manipulation.
Trading tools under development
Currently, MT5 is a trading platform that MetaQuotes is putting a lot of effort into, so it is highly recommended. Since bugs have been fixed, even if you find a bug, you can resolve it by downloading the update program once. If a problem occurs, you can rest assured that it can be resolved by installing an update.
Upward compatibility with MT4
MT5 is highly recommended as it is overwhelmingly superior to MT4 in terms of functionality such as time frame display and indicators. It is superior to MT4 in all functions, so it is also very easy to use. This is a tool used by active traders. You can pay in full or in parts.
What are the differences between MT4 and MT5?
At XM, there are two types, MT4 and MT5, depending on the operating company, and both are free and can be traded online, so we recommend them. Entry is easy and there are many bonuses and campaigns. It is very convenient as it allows instant payment and partial payment. If you are a first-time user, try using both and use the one that goes well with you. Both have good reviews, so choose the one you like best. You can also trade using a smartphone app.
| Platform | MT4 | MT5 |
| time frame | 9 types | 21 types |
| navigator window | can’t create folder | You can create any folder |
| operating speed | slower than MT5 | Faster than MT4 |
| Indicative price | Currency pair tick chart | View details and price boards |
| update | No updates since 2018 | Update ongoing |
| indicator | many | Few |
| memory usage | Few | many |
MT4 has not been updated since 2018. MT5 is superior in terms of functionality, but many people are accustomed to MT4 because there are few EAs and custom indicators, but considering the future, MT5 is better.
Web Trader
XM also has a web trader. Beginners choose PC or smartphone for trading, but they often choose mt4 or mt5. However, these require downloading and installation. So for those who find it troublesome, there is a web trader. It is simple to use, and all you have to do is launch a web browser. You can invest in the relevant stocks from the Internet on your PC or mobile app while scrolling in the shortest time.
Same spread and leverage
Same spread and leverage. Same order method and trading conditions. You can access and trade from your room while watching the news. You can order multiple products for trading. Financial investment is possible depending on the purpose. Some investor partners also use the unique web trader from the XM system.
Same account type conditions
XM basically has micro, standard, KIWAMI, and zero accounts, but you can use the web trader in any of them as much as you want and make a profit. It is a web trader for Japan, and you can use it now. There is no expiration date. You can experience it directly from the web.
Account opening is required
Opening an account is required, and you must submit and upload identification (My Number card, driver’s license, etc.) and address verification documents (gas and water utility bills). Explanation and approval will be completed within a few days, and you will be able to receive bonuses all at once from your home page. These conditions are the same as MT. You can get bonuses one by one. Once you take the steps, you can view your transactions on the web trader from within Japan or overseas.
Download trading tools
At XM, you will trade using MT4 or MT5. You can download these tools by logging into your XM account. After logging in, press the platform button and the following screen will appear.
Trade on PC version
Various applications have been developed for smartphones, doublets, personal computers, etc., depending on the intended use. If you are a common web trader on any platform, you can immediately log in and use it.
It will be the screen display of MT4 on the web. You can place an order by pressing the red + button. By the way, S/L means stop loss. Loss is automatically cut when the price reaches this value. There is T / P, but this is the opposite and refers to the profit taking point, which is called take profit. It is a mechanism that will be automatically settled when this value is reached.
Here, we will place trading orders, order changes and settlement orders according to the deposit amount, account balance, and margin. You can decide the currency pair, the number of lots, the quantity, etc.
In actual trading, you place an order while making such detailed specifications and press the order button to confirm. You can see the detailed operation image by watching the following video.
market order
Market orders can be placed by right-clicking on the chart -> Place order -> New order.
limit order, stop order
Unlike market orders, limit orders and stop orders are reserved orders. It is possible by right-clicking on the chart → Place order → New order. Different from the market order, you can order by specifying the order type as Buy Limit, Sell Limit, Buy Stop, or Sell Stop.
| Order type | How to order |
| Buy Limit | Reserve buy order specifying a lower price than now |
| Sell Limit | Pre-sale order specifying a higher price than the current price |
| Buy Stop | Reserve buy order specifying a higher price than the current price |
| Sell Stop | Reserve sell order specifying a lower price than the current price |
Trade on smartphone version
XM can also be traded on smartphones. For the smartphone version, first download the app to your smartphone.
You can see the current rate from this screen, and click to proceed if you want to buy or sell.
market order
You can place an order from the quoted price or on the chart. You can place an order by clicking on the “Trade” tab.
limit order, stop order
As with the PC version, limit orders and stop orders can also be placed on smartphones. You can order by specifying Buy Limit, Sell Limit, Buy Stop, Sell Stop.
First, let’s trade until you can smoothly place a market order. If you get used to it, try limit orders and stop orders.
Recommendations, features and main functions of XM registration
XM is a very popular FX company both in Japan and overseas, and it is quite popular because you can use multiple accounts on your My Page. Document screening is strict, there are many stocks, and zero cut is adopted. It is very popular and highly rated compared to its competitors such as FXGT, Exness, Axiory, and Gemforex. There is also a FAQ on the official site, so let’s take a look. It is convenient as it lists various things.
Abundant deposit methods
XM accepts credit cards, debit cards, bank transfers, bxone, sticpay, and bitwallet. Deposits are reflected instantly, so you can start trading right away. Even first-timers can get used to investing right away. In the case of bank accounts, some are only available on weekdays, and some are available at convenience stores. This may vary depending on your country of residence or region of residence. It may take some time depending on the amount. You can also ask questions about the overview and application.
Perfect security measures
When registering with XM, you will be asked to register personal information such as your name, date of birth, and email address, as well as investor information, but identity verification management is quite strict. There have been no major incidents such as hacking incidents or withdrawal refusals. The operating company’s services are reliable and available 24 hours a day, so safety is guaranteed. When verifying your identity, you will need to provide identification such as a passport, driver’s license, or My Number. Passwords can be set in lowercase or uppercase. Make sure you have the latest certificate.
About transaction methods
Trading methods include scalping and swing trading. Swap points occur when the day passes. In addition to FX currency pairs, you can also trade CFDs. The maximum leverage is 1000x, so you can make a lot of money with just one chance. The disadvantage is that usage is restricted depending on the area of residence. Pay attention to economic indicators. There are some prohibited items, so please check the terms of use.
Make the most of your bonuses
You can receive bonuses and campaigns during the period, so make good use of them. To be precise, you can use them as credits. Promotional systems are often limited, so it’s first come, first served everywhere. Depending on the timing, you may not receive a gift even if you apply again. Different schedules are disclosed on the homepage, so you need to check each one first. Make sure to mark it. You can see a lot from the top, so you have options.
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