XM Account

Here's a comprehensive guide about the trading accounts offered by XM.

73.03% of retail CFD accounts lose money

9.4

Total Score

9.9

Minimum Deposit

9.8

Platforms

9.8

Payment Methods

9.9

Withdrawal Processing Time

9.6

Spreads

9.3

Customer Support

9.8

Education

8.9

Tradable Assets

Founded in South Africa in 2009, the XM Trading platform gives XM account users a chance to trade in one of the biggest forex brokers in the world, in terms of everyday trading volume. Currently, there are more than 2.7 million XM account holders worldwide. XM account users can trade in Forex and CFDs on Metals, Indices, Commodities, Energies and Stocks.

Interested to open an XM account? The registration process actually only takes a few minutes!
XM account overview
XM account overview

How to Open an XM Account?

Follow these steps to open an account at XM:

  1. Enter your name, country of residence, email address, and phone number.
  2. Choose your trading platform (MT4 or MT5).
  3. Provide your personal information, such as your date of birth and address.
  4. Specify the leverage amount and currency.
  5. Answer questions regarding your finances and financial literacy.
  6. Confirm your identity and residency. In addition to uploading a government-issued ID, such as a passport or a driver's license, you may also submit utility bills and bank statements to serve as your proof of residency.
XM Group registration page
XM Group registration page

XM Trading Platforms

As an XM account holder or user, you can trade choose to use any of XM's two trading platforms: MetaTrader 4 (XM MT4) or MetaTrader 5 (XM MT5).

XM MT4 has the following features:

The XM MT5 has the following features:

To put it simply...

Between MT4 and MT5, the primary difference is that MT4 is dominantly a forex trading platform, whereas MT5 is a multi-asset trading platform. As a result, MT5 not only offers FX trading, but also stocks, indices, and precious metals.

Kinds of XM Account

1. XM Live Trading Account: This is the account where XM account holders trade for real.

2. XM Demo Account: This is the account where XM account holders and users can practice trading in real-time market conditions without risking losing real money.

XM Live Trading Account Types

The five XM trading account types are:

  1. Standard Account
  2. XM Swap Free Account
  3. XM Ultra Low Account
  4. Shares Account
  5. Micro Account

Why Use Your XM Account on the MT4?

A predecessor of the MT5, the MT4 have all the instruments of the MT5 except for stock CFDs. Access to MT4 is available to the XM account types of Micro, XM Ultra Low, Standard and XM Swap Free.

Why Use Your XM Account on the MT5?

XM account holders who selects the MT5 platform will enjoy a wide range of financial instruments from stock CFDs, forex, precious metals CFDs, stock indices CFDs, gold and oil CFDs and more. XM accounts allowed to access the MT5 platform includes the Micro, XM Ultra Low, Standard and XM Swap Free XM account types.

XM MT5 platform
XM MT5 platform

Is It Possible to Hold Several XM Trading Accounts?

Yes. Any XM account holders or users can manage 10 Active Trading Accounts to go with 1 Shares Account.

Where Can You Use the MT4 and the MT5?

The MT4 Trading Platform is available on the following:

The MT5 Trading platform is available on the following:

Financial Instruments Available to Trade on XM

XM offers more than 1,000 financial instruments classified in the following asset classes:

However, XM is currently not offering any Crypto CFDs.

So, are you ready to open an XM account? Signing-up will only take a few minutes of your time to complete the process.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Check XM’s website at www.xm.com for the percentage (%) of retail investor accounts losing money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.