Overview of xMetaMarkets
xMetaMarkets is a leading provider of Contracts for Difference (CFDs) operating in Australia since 2018 without regulation. It offers trading facilities for shares, forex, commodities, indices, and cryptocurrencies, alongside innovative trading technology.
xMeta prioritizes improving customers' trading experience and continuously enhances the trading platform to be the best in the market. Additionally, the broker provides round-the-clock customer support, multiple contact options, and various educational resources.
Regulatory Status
xMetaMarkets currently operates without valid regulation. Traders are advised to be aware of the risks associated with the absence of regulatory oversight.
Pros and Cons
xMetaMarkets has several advantages, including a diverse range of tradable assets, comprehensive customer support, competitive spreads and leverage, a free demo account, and extensive educational resources.
However, the broker is unregulated, which poses risks for clients. Additionally, there are potential commissions depending on the type of trading assets; for instance, the commission for Indices and Commodities starts from 0 USD, while the commission for Stocks starts from 5 USD.
Market Instruments
xMetaMarkets offers six types of assets, including Forex，Commodities，Stocks，Indices, Cryptocurrencies and Metals for clients.
Forex trading involves trading currency pairs such as EURUSD and USDJPY. With access to the world's largest financial market and spreads as low as 0.1 pips, traders can maximize profits. Additionally, commodities trading involves buying and selling metals like gold and silver, energy commodities such as oil and natural gas, and agricultural commodities like cotton and rice. For those interested in stocks, xMetaMarkets allows traders to frequently buy and sell stocks or shares of a company in order to profit from price fluctuations.
Those intrigued by indices always have access to trade NASDAQ100, US30 & SPX500, and the commission is from 0 USD. For those interested in cryptocurrency trading, xMetaMarkets provides the opportunity to go short or long on all major coins & tokens. Metals enthusiasts can trade Gold and Silver on the platform with spreads as low as 0.8 pips.
With such a wide range of products available, xMetaMarkets caters to diverse trading preferences and offers ample opportunities for traders to explore and capitalize on various financial markets.
How to Join？
Join xMetaMarkets is a straightforward process that can be completed in a few simple steps below
Registration: Visit the xMetaMarkets website and click on the “Create Account” button. You will be directed to the registration page, where you need to provide some basic personal information, such as your name, email address, and phone number.
Product Selection：Choose the trading product you prefer and open a live account.
Deposit Funds:You can deposit funds into your account using the multiple deposit and withdrawal payment methods offered by xMetaMarkets
Start Trading: With your account funded, you can now access global markets and start your trading journey.
Leverage
xMetaMarkets is a suitable broker for both beginners and experienced traders, offering a powerful trading platform with leverage of up to 1:500. However, it's crucial for traders to exercise caution and implement proper risk management strategies, as higher leverage also increases exposure to potential losses.
Spreads & Commissions
xMetaMarkets boasts low spreads and competitive pricing, with spreads as tight as 0.0 pips, along with low commissions. It's important to note that different types of trading assets incur varying spreads and commissions.
Trading Platform
xMetaMarkets has its own proprietary trading platform, specially designed by its expert traders for traders of all levels. This platform offers flexibility with trading available on desktop, mobile devices, or browsers. It provides comprehensive tools and features for analysis, with a remarkable execution time of 0.05 seconds on average. Moreover, there are no hidden charges, with all fees transparently displayed in your account currency.
Deposit & Withdrawal
xMetaMarkets makes it simple to transfer your money, offering a variety of funding and withdrawal options in multiple base currencies. However, specific information is not provided on the page.
Customer Support
xMetaMarkets works hard to enhance the trading experience for our customers and prioritize client satisfaction. Here are some contact options to assist clients with different needs.
Email: Customers with support inquiries can email us at support@xmetamarkets.com.
Messenger: Our friendly customer support team is ready to help you – 24 hours a day from Monday to Friday.
Office Address: If you prefer to visit or send correspondence to their head office, the address isXMeta Exchange PTY Ltd Sydney New South Wales Australia 2000.
FAQs: If you have questions and are seeking quick answers about Forex, Commodities, Stocks, and Cryptocurrency, xMetaMarkets offers a comprehensive list of Frequently Asked Questions (FAQs) on their website.
Educational Resources
xMetaMarkets offers a range of educational resources to assist traders in making informed decisions:
Forex Basics: The recipe for success in Forex lies in buying low and selling high or selling high and buying low. Regardless of currency direction, there are opportunities to profit.
Technical Analysis & Fundamental Analysis: It is a crucial tool for traders as it summarizes economic events and indicators from around the world. Understanding potential market-moving events can help traders plan their trading strategies and manage their positions effectively.
Market Hours: It helps clients identify the most active trading periods during which they can profitably trade their chosen currency pairs.
Forex Training:Free Forex training is thoughtfully crafted to guide traders through the learning process in an engaging manner. It covers not only trading techniques but also factors influencing the trading environment, such as principles of money management.
Conclusion
In conclusion, xMetaMarkets is an online broker with several advantages, including a diverse range of tradable assets, comprehensive customer support, competitive spreads and leverage, a free demo account, and extensive educational resources.
However, there are some drawbacks: the broker is unregulated, which poses risks for clients, and there may be potential commissions depending on the type of trading assets. Traders should carefully consider these factors when choosing to trade with xMetaMarkets and conduct thorough research to ensure a secure and informed trading experience.
FAQs
Q: How to start commodities trading？
A: You can trade commodities on different exchanges by opening a broker account. Commodity markets mainly operate through futures contracts, allowing trading without owning the physical commodity.
Q: What is Commodity Trading？
A: Commodity trading, older than stocks or bonds, has become popular with technological advancements. It involves buying and selling various commodities like metals, energy, and agricultural products, with prices driven by supply and demand dynamics.
Q: What is Liquidity in the Stock Market？
A: Liquidity is the ease of buying or selling an asset without impacting its price or its ability to be converted into cash. For day traders, it's vital in strategy and executing stop-loss orders, assessed through bid-ask spreads or daily traded volume. The float, the available shares for trading, also affects liquidity.
Q: How can I convert Crypto to Cash？
A: To convert Bitcoin to cash, simply sell your bitcoin on a cryptocurrency exchange. This is the easiest method if you want to sell bitcoin and withdraw the cash directly into a digital wallet or a bank account.
