XM Account Type

　　XM offers several account types tailored to meet the needs of different traders. The main account types available are:

• Standard Account
• Minimum Deposit: $5
• Spreads: Variable spreads starting from 1 pip
• Commission: No commission on trades
• Leverage: Up to 1:1000
• Features: Ideal for beginner traders, providing access to over 1,400 financial instruments.
• Ultra Low Account
• Minimum Deposit: $5
• Spreads: Ultra-low spreads starting from 0.6 pips
• Commission: No commission on trades
• Leverage: Up to 1:1000
• Features: Best suited for high-volume traders looking for lower costs.
• Shares Account
• Minimum Deposit: $10,000
• Spreads: Variable spreads
• Commission: Applicable for share trading
• Leverage: Standard leverage rules apply
• Features: Designed for those looking to invest in shares of companies.

　　All account types come with negative balance protection, hedging options, and an Islamic account option available as standard.

　　

XM Broker Account Opening Process

　　Opening an account with XM is a straightforward process. Here are the steps to follow:

• 　　Visit the XM Website: Go to the official XM website to begin the registration process.

• 　　Choose Your Account Type: Select the account type that best suits your trading needs (Standard, Ultra Low, or Shares).

• 　　Fill Out the Registration Form: Provide your personal information, including your name, email address, phone number, and country of residence.

• 　　Submit Identification Documents: To comply with regulatory requirements, you will need to upload proof of identity (e.g., passport or ID card) and proof of residence (e.g., utility bill or bank statement).

• 　　Verify Your Account: After submitting the required documents, XM will review and verify your account, which typically takes a few days.

• 　　Fund Your Account: Once verified, you can deposit funds using various methods such as bank transfer, credit/debit cards, or e-wallets.

• 　　Start Trading: After funding your account, you can begin trading on the XM platform. You may also consider opening a demo account to practice before trading with real money.

　　For more details, visit XM Account Types and XM Broker Account Opening Process.