Micro XM Account
- Base Currency Options USD, EUR, GBP, JPY, CHF,AUD, HUF, PLN, RUB, SGD, ZAR
- Contract Size 1 Lot = 1,000
- Spread on all majors. As Low as 1 Pip
- Maximum open/pending orders per shopper 200 Positions
- Minimum commerce quantity 0.01 Lots (MT4) 0.1 Lots (MT5)
- Lot restriction per ticket 100 Lots
- Islamic Account Optional
- Minimum Deposit 5$
Standard Account
- Base Currency Options USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR
- Contract Size 1 Lot = 100,000
- Spread on all majors As Low as 1 Pip
- Maximum open/pending orders per shopper 200 Positions
- Minimum commerce quantity 0.01 Lots
- Lot restriction per ticket 50 Lots
- Islamic Account Optional
- Minimum Deposit 5$
XM Zero Account
- Base Currency Options USD, EUR, JPY
- Contract Size 1 Lot = 100,000
- Spread on all majors As Low as 0 Pips
- Commission
- Maximum open/pending orders per shopper 200 Positions
- Minimum commerce quantity 0.01 Lots
- Lot restriction per ticket 50 Lots
- Islamic Account Optional
- Minimum Deposit 100$
The figures above ought to solely be thought to be reference. XM is able to create custom-tailored foreign exchange account options for each shopper. If the deposit foreign money is just not USD, the quantity indicated ought to be transformed to the deposit foreign money.
You could also be new to forex, so a demo account is the perfect alternative to check your buying and selling potential. It lets you commerce with digital cash, with out exposing you to any danger, as your features and losses are simulated. Once you’ve gotten examined your buying and selling methods, discovered about market strikes and methods to place orders, you possibly can take the following step to open a buying and selling account with actual cash.
What is a Forex Trading Account?
A foreign exchange account at XM is a buying and selling account that you’ll maintain and that may work equally to your checking account, however with the distinction that it’s primarily issued with the aim of buying and selling on currencies.
Forex accounts at XM could be opened in Micro, Standard or XM Zero codecs as proven within the desk above.
Please observe that foreign exchange (or foreign money) buying and selling is out there on all XM Platforms.
In abstract, your foreign currency trading account consists of
- 1. Access to the XM Members Area
- 2. Access to the corresponding platform(s)
Similarly to your financial institution, when you register a forex trading account with XM for the primary time, you can be required to undergo an easy KYC (Know your Customer) course of, which is able to permit XM to be sure that the non-public particulars you’ve gotten submitted are right and make sure the security of your funds and your account particulars.
By opening a foreign exchange account, you can be routinely emailed your login particulars, which offers you entry to the XM Members Area.
The XM Members Area is the place you’ll handle the capabilities of your account, together with depositing or withdrawing funds, viewing and claiming distinctive promotions, checking your loyalty standing, checking your open positions, altering leverage, accessing assist and accessing the buying and selling instruments provided by XM.
Our choices throughout the shoppers’ Members Area are offered and continuously enriched with an increasing number of functionalities and subsequently giving our shoppers an increasing number of flexibility to carry out modifications or additions to their accounts at any given time, with no need help from their private account managers.
Your buying and selling account login particulars will correspond to a login on the buying and selling platform which matches your sort of account and is in the end the place you can be performing your trades. Any deposits/withdrawals or different modifications to settings you make from the XM Members Area will replicate in your corresponding buying and selling platform.
What is a Multi-Asset Trading Account?
A multi-asset buying and selling account at XM is an account that works equally to your checking account, however with the distinction that it’s issued with the aim of buying and selling currencies, inventory indices CFDs, inventory CFDs, in addition to CFDs on metals and energies.
Multi-asset buying and selling accounts at XM could be opened in Micro, Standard or XM Zero codecs as you possibly can view within the desk above.
Please observe that multi-asset buying and selling is out there solely on MT5 accounts, which additionally permits you entry to the XM WebTrader.
In abstract, your multi-asset buying and selling account consists of
- 1. Access to the XM Members Area
- 2. Access to the corresponding platform(s)
- 3. Access to the XM WebTrader
Similarly to your financial institution, when you register a multi-asset buying and selling account with XM for the primary time, you can be requested to undergo an easy KYC (Know your Customer) course of, which is able to permit XM to be sure that the non-public particulars you’ve gotten submitted are right and make sure the security of your funds and your account particulars. Please observe that for those who already keep a distinct XM Account, you’ll not must undergo the KYC validation course of as our system will routinely determine your particulars.
By opening a buying and selling account, you can be routinely emailed your login particulars that offers you entry to the XM Members Area.
The XM Members space is the place you’ll handle the capabilities of your account, together with the depositing or withdrawing funds, viewing and claiming distinctive promotions, checking your loyalty standing, checking your open positions, altering the leverage, accessing assist and accessing the buying and selling instruments provided by XM.
Our choices throughout the shoppers Members Area are offered and continuously enriched with an increasing number of functionalities, permitting our shoppers an increasing number of flexibility to carry out modifications or additions to their accounts at any given time, with no need help from their private account managers.
Your multi-asset buying and selling account login particulars will correspond to a login on the buying and selling platform which matches your sort of account, and it’s in the end the place you can be performing your trades. Any deposits and/or withdrawals or different setting modifications you make from the XM Members Area will replicate in your corresponding buying and selling platform.
Who Should Choose MT4?
MT4 is the predecessor of the MT5 buying and selling platform. At XM, the MT4 platform permits buying and selling on currencies, CFDs on inventory indices, in addition to CFDs on gold and oil, however it doesn’t provide buying and selling on inventory CFDs. Our shoppers who don’t want to open an MT5 buying and selling account can proceed utilizing their MT4 accounts and open an extra MT5 account at any time.
Access to the MT4 platform is out there for Micro, Standard or XM Zero as per the desk above.
Who Should Choose MT5?
Clients who select the MT5 platform have entry to a variety of devices starting from currencies, inventory indices CFDs, gold and oil CFDs, in addition to inventory CFDs.
Your login particulars to the MT5 can even offer you entry to the XM WebTrader along with the desktop (downloadable) MT5 and the accompanying apps.
Access to the MT5 platform is out there for Micro, Standard or XM Zero as proven within the desk above.
What is the Main Difference Between MT4 Trading Accounts and MT5 Trading Accounts?
The major distinction is that MT4 doesn’t provide buying and selling on inventory CFDs.
Can I Hold Multiple Trading Accounts?
Yes, you possibly can. Any XM shopper can maintain as much as eight buying and selling accounts of their alternative.
How to Manage Your Trading Accounts?
Deposits, withdrawals or every other capabilities associated to any of your buying and selling accounts could be dealt with within the XM Members Area.
