Ultra-Budget broker Accounts

XM Account Type

XM offers various account types tailored to meet the needs of different traders. The Ultra-Low Account is particularly designed for those seeking low trading costs, making it ideal for scalpers and day traders. It features a minimum deposit requirement of just $5, and traders can benefit from tight spreads starting from 0.6 pips. Additionally, this account allows trading in multiple asset classes, including forex, commodities, and indices, with a leverage of up to 1:888 in certain regions. Other account types include the Standard Account, which has similar deposit requirements but higher spreads, and the Micro Account, which is more suited for beginners looking to trade smaller volumes.

XM Broker Account Opening Process

Opening an account with XM is a straightforward process that can typically be completed in just a few minutes. Heres a step-by-step guide:

• Visit the XM Website: Go to the official XM website.
• Click on "Open an Account": Locate and click the button to initiate the registration process.
• Fill Out the Registration Form: Provide necessary personal details, including your full name, email address, phone number, and country of residence.
• Choose Your Account Type: Select the Ultra-Low Account or any other account type that suits your trading needs.
• Submit Identification Documents: Upload required documents for identity verification, such as a national ID and proof of address.
• Fund Your Account: After verification, you can deposit funds into your account using various payment methods, ensuring you meet the minimum deposit of $5.
• Start Trading: Once your account is funded, you can begin trading on the XM platform, utilizing either MetaTrader 4 or MetaTrader 5.

By following these steps, traders can easily set up their XM accounts and start their trading journey with minimal barriers.