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The data are from WIKI Research 2021.08.05 updated
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Basic Information & Regulation of Xero Markets
Xero Markets is a St. Vincent and the Grenadines registered online Forex and CFD broker, operated by Xero Capital Markets Ltd. Xero Markets is not currently subject to any active regulation.
Safety Analysis of Xero Markets
Xero Markets is currently an unregulated broker, which means that the safety of investors' funds and trading activities are not protected. Investors should try to choose brokers regulated by the FCA in the UK and CySEC in Cyprus.
Market Instruments of Xero Markets
Xero Markets offers investors 68 pairs of currency pairs, as well as CFDs on spot metals such as gold, silver, platinum, and palladium. Popular indices, commodities, stocks, and cryptocurrencies are not available.
Accounts & Leverage of Xero Markets
There are three different types of trading accounts available on the Xero Markets platform: Micro accounts ($10 minimum deposit), Regular accounts ($10 minimum deposit), and ECN accounts ($100 minimum deposit). All three accounts have maximum trading leverage of 1:500.
Spreads & Commissions
The spreads for Xero Markets Micro accounts are 2 pips for EURUSD, 2 pips for Regular accounts, and 0.1 pips for ECN accounts, subject to a certain commission.
Trading Platforms Available of Xero Markets
Xero Markets offers traders the most popular MT4 trading platform available today. MT4 is the preferred choice of 80% of forex traders worldwide, with powerful charting tools, a large number of custom technical indicators. The MT4 platform has an intuitive interface, well-designed charting tools, featuring options to run automated trading sessions via the EA trading, which traders can easily make changes and can even be compiled on a specially designed editor.
Deposit and withdrawal
Xero Markets supports traders to access their accounts via VISA & MasterCard credit/debit cards, popular e-wallets such as Neteller, Skrill, and wire transfers.
Pros & Cons of Xero Markets
The main advantages of Xero markets are:
1. Three account types available
2. The MT4 trading platform
The main disadvantages of Xero markets are:
1. No regulation
2. Fewer asset classes to trade
3. Spreads in the demo account not consistent with the official website
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Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
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