How to Open an Account in XM
If it is your first time to open a FX trading account, you may have a lot of questions when registering online.
Below, we will explain the steps for opening a trading account with XM.
How to Open an Account in XM
1. Go to the registration page
You must first access the XM broker portal, where you can find the button to create a account.
As you can see in the central part of the page there is the green button to create a account.
The account opening is totally free.
It may take only 2 minutes to complete the online registration with XM.
2. Fill in the required fields
There you will have to complete the form with the required information as below.
First Name and Last Name
- They are displayed in your identity document.
Country of Residence
- The country you reside in may affect the account types, promotions and other service details available for you. In here, you may select the country you currently reside in.
- The language preference can be changed later too. By selecting your native language, you will be contact by support staffs who speak your language.
- You may not need to make a phone call to XM, but they may call in some cases.
- Make sure you type in the correct email address. After the completion of the registration, all communications and logins will require your email address.
Please Note: Only one email address per client is allowed.
At XM you can open multiple accounts using the same email address. Multiple email addresses per client are not allowed.
If you are an existing XM Real account holder and you wish to open an additional account you must use the same email address already registered with your other XM Real Account(s).
If you are a new XM client please ensure that you register with one email address as we do not allow different email address for every account you open.
3. Choose your account type
Before proceeding to the next step, you must choose Trading Platform Type. You can also choose MT4 (MetaTrader4) or MT5 (MetaTrader5) platforms.
And the account type you like to use with XM. XM mainly offers Standard, Micro, XM Ultra Low Account and Shares Account.
After the registration, you can also open multiple trading accounts of different account types.
4. Agree to the Terms and Conditions
After filling in all the blanks, lastly you need to click in the boxes and press "PROCEED TO STEP 2" as below
In the next page, you will need to fill in some more details about yourself and investment knowledge.
The Account password field should consist of three character types: lowercase letters, uppercase letters, and numbers.
After filling in all the blanks, lastly you need to agree to the terms and conditions, click in the boxes and press "OPEN A REAL ACCOUNT" as above
After this, you will receive an email from XM for email confirmation
In your mailbox, you will receive an email like the one you can see in the following image. Here, you will have to activate the account by pressing where it says “Confirm email address“. With this, the demo account is finally activated.
Upon confirmation of the email and account, a new browser tab will open with welcome information. The identification or user number that you can use on the MT4 or Webtrader platform is also provided.
Go back to your Mailbox, you wil receive a login details for your account.
It should be remembered that for the version of Metatrader MT5 or Webtrader MT5 the account opening and verification process is exactly the same.
How to Deposit Money
What is a Multi-Asset Trading Account?A multi-asset trading account at XM is an account that works similarly to your bank account, but with the difference that it is issued with the purpose of trading currencies, stock indices CFDs, stock CFDs, as well as CFDs on metals and energies.
Multi-asset trading accounts at XM can be opened in Micro, Standard or XM Ultra Low formats as you can view in the table above.
Please note that multi-asset trading is available only on MT5 accounts, which also allows you access to the XM WebTrader.
In summary, your multi-asset trading account includes
1. Access to the XM Members Area
2. Access to the corresponding platform(s)
3. Access to the XM WebTrader
Similarly to your bank, once you register a multi-asset trading account with XM for the first time, you will be requested to go through a straightforward KYC (Know your Customer) process, which will allow XM to make sure that the personal details you have submitted are correct and ensure the safety of your funds and your account details. Please note that if you already maintain a different XM Account, you will not have to go through the KYC validation process as our system will automatically identify your details.
By opening a trading account, you will be automatically emailed your login details that will give you access to the XM Members Area.
The XM Members area is where you will manage the functions of your account, including the depositing or withdrawing funds, viewing and claiming unique promotions, checking your loyalty status, checking your open positions, changing the leverage, accessing support and accessing the trading tools offered by XM.
Our offerings within the clients Members Area are provided and constantly enriched with more and more functionalities, allowing our clients more and more flexibility to perform changes or additions to their accounts at any given time, without needing assistance from their personal account managers.
Your multi-asset trading account login details will correspond to a login on the trading platform which matches your type of account, and it is ultimately where you will be performing your trades. Any deposits and/or withdrawals or other setting changes you make from the XM Members Area will reflect on your corresponding trading platform.
MT4 is the predecessor of the MT5 trading platform. At XM, the MT4 platform enables trading on currencies, CFDs on stock indices, as well as CFDs on gold and oil, but it does not offer trading on stock CFDs. Our clients who do not wish to open an MT5 trading account can continue using their MT4 accounts and open an additional MT5 account at any time.
Who Should Choose MT4?
Access to the MT4 platform is available for Micro, Standard or XM Ultra Low as per the table above.
Clients who choose the MT5 platform have access to a wide range of instruments ranging from currencies, stock indices CFDs, gold and oil CFDs, as well as stock CFDs.
Who Should Choose MT5?
Your login details to the MT5 will also give you access to the XM WebTrader in addition to the desktop (downloadable) MT5 and the accompanying apps.
Access to the MT5 platform is available for Micro, Standard or XM Ultra Low as shown in the table above.
Frequently Asked Questions
The main difference is that MT4 does not offer trading on stock CFDs.
What is the Main Difference Between MT4 Trading Accounts and MT5 Trading Accounts?
Yes, you can. Any XM client can hold up to 10 active trading accounts and 1 Shares Accounts.
Can I Hold Multiple Trading Accounts?
What trading account types do you offer?
- MICRO: 1 micro lot is 1,000 units of the base currency
- STANDARD: 1 standard lot is 100,000 units of the base currency
- Ultra Low Micro: 1 micro lot is 1,000 units of the base currency
- Ultra Low Standard: 1 standard lot is 100,000 units of the base currency
- Swap Free Micro: 1 micro lot is 1,000 units of the base currency
- Swap Free Standard: 1 standard lot is 100,000 units of the base currency
With the XM Swap Free accounts clients can trade without swaps or rollover charges for holding positions open overnight. XM Swap Free Micro and XM Swap Free Standard accounts provide swap-free trading, with spreads as low as 1 pip, in forex, gold, silver, as well as in future CFDs on commodities, precious metals, energies and indices.
What are the XM Swap Free trading accounts?
How long can I use a demo account?
At XM demo accounts do not have an expiry date, and so you can use them as long as you want. Demo accounts that have been inactive for longer than 90 days from the last login will be closed. However, you can open a new demo account at any time. Please note that maximum 5 active demo accounts are allowed.
How can I find my server name on MT4 (PC/Mac)?Click File - Click "Open an account" which opens a new window, "Trading servers" - scroll down and click the + sign at "Add new broker", then type XM and click "Scan".
Once the scanning has been done, close this window by clicking "Cancel".
Following this, please try to log in again by clicking "File" - "Login to Trading Account" in order to see if your server name is there.