XM is a large Forex Broker started its activity in 2009 and so far operates clients from over 196 countries with a support staff speaking in 30 languages and is among the most trusted Regulated Brokers with good trading conditions and offering overall.
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| Maximum leverage is 1:1,000 |
Average execution ratio is 99.98% |
Negative balance protection |
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| Deposit/Withdrawal within 24h | 24h multiple language support |
100% segregated custody |
| OFFICIAL SITE | Details Page |
Account Types and Features
Standard Account
Standard account offers trading with up to 1:1,000 leverage and Bonus.
That features are ideal for the wide range of traders.
Micro Account
Micro Account is suitable for beginners as you can start trading at minimum of 10 units of each currency.
XM Shares Account
XM Shares Account is specialized in stock trading where you can trade US, German and UK individual shares. Leverages are not available.
XM Ultra Low Account Standard
XM Ultra Low Standard Account is designed for beginner traders with features of max. 1:1,000 leverage and low spreads, and moreover, free of charge.
XM Ultra Low Account Micro
XM Ultra Low Account Micro allows you to trade from minimum 10 lots and lower spread, suitable for new traders with low risks.
| Standard Account | Micro Account | XM Shares Account | |
| Placing Orders | No human intervention OTC | ||
| Type of spread | Variable spread | ||
| Base Currency Options | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN,RUB, SGD, ZAR | USD | |
| Maximum Leverage | 1:1,000 | No Leverage | |
| Minimum Deposit | $5.00 (or equivalent) | $10,000.00 (or equivalent) |
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| Stop-out level | 20% | ||
| Negative balance protection | Applicable | ||
| Bonus | Applicable | N/A | |
| Contract Size | 1 Lot = 100,000 | 1 Lot = 1,000 | 1 share |
| Minimum trade volume | 0.01 Lots | 0.1 Lots | 1 Lot |
| Lot restriction per ticket | 50 Lots (10,000 Lots) |
100 Lots (20,000 Lots) |
Depending on each share |
| Instruments | FX：57 CFD/Stock：1261 (MT5 Only) FX/Precious Metals：4 CFD/Equity Indices：24 CFD/Commodities：8 CFD/Energies：5 CFD/Cryptocurrencies：31 |
Shares：100 | |
| Trading Hours | Summer Time：Monday – Friday: 00:05 – 23:50（GMT+3） Winter Time：Monday – Friday: 00:05 – 23:50（GMT+2） |
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| Minimum Price Fluctuation | 0.001/0.00001 | ||
| Commission | N/A | Applicable | |
| Account Maintenance Fee | N/A | ||
| Additional Account | Possible | ||
| Time Difference | 【MT4/MT5】 Summer Time：GMT+3, Winter Time ：GMT+2 | ||
| XM Ultra Low Account Standard | XM Ultra Low Account Micro | |
| Placing Orders | No human intervention OTC | |
| Type of spread | Variable spread | |
| Base Currency Options | EUR, USD, GBP, AUD, ZAR, SGD | |
| Maximum Leverage | 1:1,000 | |
| Minimum Deposit | $5.00 (or equivalent) | |
| Stop-out level | 20% | |
| Negative balance protection | Applicable | |
| Bonus | Applicable | |
| Contract Size | 1 Lot = 100,000 | 1 Lot = 1,000 |
| Minimum trade volume | 0.01 Lots | 0.1 Lots |
| Lot restriction per ticket | 50 Lots (10,000 Lots) |
100 Lots (20,000 Lots) |
| Instruments | FX：57 CFD/Stock：1291 (MT5 Only) FX/Precious Metals：4 CFD/Stock Indicies：24 CFD/Commodities：8 CFD/Energies：5 CFD/Cryptocurrencies：31 |
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| Trading Hours | Summer Time：Monday – Friday: 00:05 – 23:50（GMT+3） Winter Time：Monday – Friday: 00:05 – 23:50（GMT+2） |
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| Minimum Price Fluctuation | 0.001/0.00001 | |
| Commission | N/A | |
| Account Maintenance Fee | N/A | |
| Additional Account | Possible | |
| Time Difference | 【MT4/MT5】 Summer Time：GMT+3, Winter Time ：GMT+2 | |
How to open XM trading accounts
1. Register online and Open an account
You must choose an account type in this process.
2. Login to XM’s client portal and Submit a copy of ID and Proof of address.
3. Make a deposit through Bank wire transfer, Online wallet or credit/debit cards.
Instead of making a deposit, you can also start trading by receiving $30 No Deposit Bonus.
4. Login to XM’s MT4 or MT5 platform and start trading.
＼Open an account for free／Open an account with XM
FAQ
How many types of accounts does XM have？
XM has XM Standard Account, XM Micro Account, XM Ultra Low Account Standard, XM Ultra Low Account Micro and XM Shares Account.
XM does not charge any trading fees on the Standard Account, Micro Account and XM Ultra Low Account. However there is a trading fee on the XM Share Account.
Which account does XM recommend？
Most popular and welcomed account type by the clients is the Standard Account.
You can enjoy trading without a fee as well as obtain all the bonus sponsored by XM in the Standard Account, that is why XM recommends you open the Standard Account.
Can I change my account type from the Micro Account to the Standard Account？
No, you cannot change your account type in XM.
If you want to change your account type from the Micro Account to the Standard Account, you need to apply additional account for the Standard Account. XM allows you to open upto 8 accounts.
What’s the difference between the Micro Account and the Standard Account？
The difference between the Micro Account and the Standard Account lies in the minimum trade unit.
The Micro Account is suitable for the small amount trade and you can deal in minimum 10 units of currency.The minimum size for trade is one-hundredth compared with the Standard Account.
Does XM prohibit scalp trading？
No, XM does not prohibit scalp trading.
There is no restriction on scalp trading with XM. XM’s average execution ratio is 99.98% and top level execution power among the competitors is achieved.
Conclusion
XM is a good choice for traders of all levels of experience. It offers a wide range of trading instruments, competitive spreads and commissions, and excellent customer support.
＼Open an account for free／Open an account with XM
