XM Account Types

　　XM offers a variety of account types to cater to different trading styles and preferences. The primary account types include:

• Micro Account:
• Contract Size: 1 lot = 1,000 units of base currency.
• Leverage: Up to 1:888.
• Spread: As low as 1 pip.
• Minimum Deposit: $5.
• Commission: None.
• Base Currency Options: USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR.
• Standard Account:
• Contract Size: 1 lot = 100,000 units of base currency.
• Leverage: Up to 1:888.
• Spread: As low as 1 pip.
• Minimum Deposit: $5.
• Commission: None.
• Base Currency Options: Same as Micro Account.
• Ultra Low Micro Account:
• Contract Size:
• Standard Ultra: 1 lot = 100,000 units.
• Micro Ultra: 1 lot = 1,000 units.
• Leverage: Up to 1:888.
• Spread: As low as 0.6 pips.
• Minimum Deposit: $5.
• Commission: None.
• Base Currency Options: EUR, USD, GBP, AUD, ZAR, SGD.
• Shares Account:
• Contract Size: 1 share.
• Leverage: None.
• Spread: Subject to the underlying exchange.
• Minimum Deposit: $10,000.
• Commission: None.
• Base Currency Options: USD.

　　

XM Broker Account Opening Process

　　Opening an account with XM is straightforward and can be completed in just a few steps:

• 　　Visit the XM Website: Go to the official XM website and click on the "Open an Account" button.

• 　　Fill Out the Registration Form: Enter your personal details, including your name, email address, phone number, and preferred account type.

• 　　Choose Your Account Type: Select from the available account types (Micro, Standard, Ultra Low Micro, or Shares).

• 　　Verify Your Email: After submitting the form, check your email for a confirmation link to verify your email address.

• 　　Account Verification: Log in to your XM account and upload the necessary documentation for identity verification (e.g., a valid ID and proof of address).

• 　　Fund Your Account: After verification, you can fund your account using various payment methods (credit card, bank transfer, e-wallets). The minimum deposit varies by account type, starting from $5 for Micro, Standard, and Ultra Low accounts, and $10,000 for Shares account.

• 　　Start Trading: Once your account is funded, download the trading platform (MT4 or MT5) and start trading.

　　By following these steps, you can successfully open an account with XM and begin your trading journey.