XM Defi Account Type

XM Defi offers a variety of trading accounts to cater to different traders' needs. The account types include:

• Micro Account:
• Minimum Deposit: $5
• Leverage: Up to 1:888
• Spread: From 1 pip
• Negative Balance Protection: Yes
• Commission: No commission
• Standard Account:
• Minimum Deposit: $5
• Leverage: Up to 1:888
• Spread: From 1 pip
• Negative Balance Protection: Yes
• Commission: No commission
• Ultra-Low Account:
• Minimum Deposit: $50
• Leverage: Up to 1:888
• Spread: From 0.6 pips
• Negative Balance Protection: Yes
• Commission: No commission
• Shares Account:
• Minimum Deposit: $10,000
• Leverage: No leverage
• Spread: As per the exchange
• Negative Balance Protection: Yes
• Commission: Yes

These account types allow traders to select the one that best suits their trading style and financial goals.

XM Broker Account Opening Process

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

• Visit the Official Website: Go to the XM Defi registration page.
• Fill in Registration Form: Provide your country of residence, email, and create a password. Agree to the terms and click "Register."
• Email Verification: Check your email for a verification link and click it to confirm your email address.
• Complete Profile Information: Log in to your account and fill in your personal details, including your full name, date of birth, and address.
• Select Account Type: Choose your desired account type (Micro, Standard, Ultra-Low, or Shares).
• Upload Verification Documents: Provide necessary identification documents (ID card, passport, or utility bill) for verification.
• Wait for Approval: Once your documents are verified, you will receive confirmation, and your account will be activated.

By following these steps, you can successfully open an account with XM Defi and start trading.