Traders Live Forex Broker keeps up-to-date with the latest trading account information, including Standard, Raw Spread maximum leverage of 1:30, trading varieties, and more
Rating Index
Pros
User-friendly platform with a low minimum deposit requirement of €50, making it accessible for new traders.
Offers leverage of up to 1:30, allowing traders to maximize their potential returns on investment.
Provides a variety of trading instruments, including forex, stocks, and options, catering to diverse trading preferences.
Cons
Operates in an unregulated environment, which may expose traders to higher risks and lack of investor protection.
Limited transparency regarding spreads and commissions, making it difficult for traders to assess trading costs accurately.
Customer support options may be limited compared to other brokers, potentially affecting the assistance available to traders.
Traders Live broker Accounts
Standard
Raw Spread
XM Group Account Types
XM Group offers several types of trading accounts to cater to different trader needs. The primary account types include:
- Demo Account:
- Ideal for beginners to practice trading without financial risk.
- Provides virtual funds to simulate real trading conditions.
- Micro (Cent) Account:
- Minimum deposit: $5.
- Allows trading with micro lots (1,000 units).
- Suitable for novice traders wanting to manage risk with a small investment.
- Standard Account:
- Minimum deposit: $5.
- Allows trading with standard lots (100,000 units).
- Offers a wider range of features and is suitable for both beginners and experienced traders.
- XM Ultra-Low Account:
- Minimum deposit: $50.
- Features lower spreads starting from 0.6 pips.
- Ideal for intraday traders looking for tighter spreads.
- Shares Account:
- Minimum deposit: $10,000.
- Designed for trading stocks without leverage.
- Suitable for traders focusing on equity markets.
Choose Account Type: Decide which account type suits your trading needs best.
Fill Out Registration Form: Complete the online registration form available on the XM Group website.
Upload Required Documents:
- Proof of Identity: A color copy of a valid passport or national ID card.
- Proof of Residency: A recent utility bill (electricity, gas, water, etc.) dated within the last three months.
Document Verification: Once the documents are uploaded, the broker will verify them, which may take up to 48 hours.
Fund Your Account: After verification, you can fund your trading account using various methods, including bank transfers, credit/debit cards, or e-wallets.
Begin Trading: Once your account is funded, you can log in to your trading platform and start trading.
XM Group Broker Account Opening Process
To open an account with XM Group, follow these steps:
For more detailed information, visit XM Group's official website.
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