Rating Index
Pros
Direct access to a variety of financial instruments including stocks, bonds, and commodities.
Regulated environment with licensed brokers providing a level of client protection.
Potential for lower trading costs by avoiding additional intermediary fees and margins.
Cons
Limited leverage options compared to some international brokers, typically capped at 1:50.
Restricted currency pairs available for trading, which may not meet the needs of all traders.
Possible issues with profit withdrawals and identity verification, as reported by some users.
Moscow Exchange broker Accounts
XM.com Account Type
XM.com offers a variety of account types tailored to different trading needs. The main account types include:
- Micro Account:
- Minimum deposit: $5
- Leverage: Up to 1:30
- Spread: From 1 pip
- Ideal for beginners looking to trade small amounts.
- Standard Account:
- Minimum deposit: $100
- Leverage: Up to 1:30
- Spread: From 1 pip
- Suitable for more experienced traders who want to trade larger volumes.
- ECN Account:
- Minimum deposit: $100
- Leverage: Up to 1:500
- Spread: From 0.1 pips (commission applies)
- Designed for professional traders seeking direct market access and lower spreads.
Visit the XM Website: Go to www.xm.com.
Choose Account Type: Select the account type that suits your trading needs (Micro, Standard, or ECN).
Fill Out the Registration Form: Provide your personal details, including your name, email address, and phone number.
Verify Your Identity: Upload the required documents for identity verification, such as a government-issued ID and proof of address.
Fund Your Account: Choose a payment method and deposit the minimum required amount for your selected account type.
Download Trading Platform: Once your account is approved, download the trading platform (MetaTrader 4 or 5) to start trading.
Start Trading: Log in to your account on the trading platform and begin trading.
XM.com Broker Account Opening Process
Opening an account with XM.com is a straightforward process, which can be completed in a few steps:
This process ensures that traders can quickly and safely start their trading journey with XM.com.
Moscow Exchange Similar Broker Accounts
Explore broker markets account types: forex/trading accounts with demo access.
