XM Account Types

　　XM offers several account types tailored to different trading preferences and experience levels. The main account types include:

• XM Micro Account
• Minimum Deposit: $5
• Minimum Forex Spreads: 1.0 pips
• Commission: Commission-free
• Maximum Leverage: Up to 1:1000
• Minimum Trade Size: 0.01 lots
• XM Standard Account
• Minimum Deposit: $5
• Minimum Forex Spreads: 1.0 pips
• Commission: Commission-free
• Maximum Leverage: Up to 1:1000
• Minimum Trade Size: 0.01 lots
• XM Ultra Low Account
• Minimum Deposit: $5
• Minimum Forex Spreads: 0.6 pips
• Commission: Commission-free
• Maximum Leverage: Up to 1:1000
• Minimum Trade Size: 0.01 lots
• XM Shares Account
• Minimum Deposit: $10,000
• Commission: Yes (undisclosed)
• Maximum Leverage: 1:1
• Minimum Trade Size: 1.0 lot

　　All accounts offer features like negative balance protection, algorithmic trading support, and access to various payment processors.

　　

XM Broker Account Opening Process

　　To open an account with XM, follow these steps:

• Visit the XM Website: Go to the official XM homepage.
• Click "Open an Account": Locate and click the "Open an Account" button.
• Fill in the Registration Form: Provide your personal details accurately, including your name, address, and contact information.
• Select Your Account Type: Choose from the available account types (Micro, Standard, Ultra Low, or Shares) based on your trading needs.
• Verify Your Identity: Upload required identification documents (e.g., passport or drivers license) for verification.
• Fund Your Account: Choose a secure payment method and deposit funds. The minimum deposit varies by account type.
• Download the Trading Platform: Install the XM trading platform (MT4 or MT5) on your device.
• Start Trading: Log in to your account and begin exploring the financial markets.

　　By following these steps, traders can efficiently set up their XM accounts and start their trading journey.