XM
Questions & Answers

Yep, it was me... I think the fact that XM offers not only short-term trading, but also long-term investments was key to why I joined them. It allows me to manage my deposit more efficiently, I just allocated 60% of my deposit for investing in the stock market, and another 40% for trading on an ultra-low account. Keep in mind that to get access on a shares account, you have to replenish more than $10,000 which is pretty affordable. And the cool part? XM offers investors to sign the W8-BEN form that allows you to avoid double taxation from USA stocks. It’s better to sign it as soon as you buy stocks there. I personally already made up my own portfolio, the big allocation in my portfolio is invested in NETFLIX stocks. They are undervalued too much in my opinion.: :)) ))

This long-term investment is not really clear what you meant, but in general xm is okay for such trading style. I would explain why. The long-term can be something from one week to a couple of months. Even years if you ask some traders. Then it depends if you think of trading cfds or investing in real stocks and chasing dividends. Anyway, all is possible here. Unlike other brokers, XM offers investing in real stocks, so you can become real owners of company shares and keep them for the long term. But even if you trade cfds, whatever asset category, xm has this ultra low account where they don’t charge swap fees. Those are overnight fees. This allows you to keep positions open for a long time, as long as you wish, without worrying that the commissions will add up. So yes, it works pretty well for long-term investments.