This article is for more information about opening an XM account。

If you want to become a professional trader and consistently make a profit, then you need a broker to help you。Through a broker you can enter the Forex market and buy and sell currency pairs。For some traders, choosing the right forex broker can take a long time。You must find a product that is not only legal but also meets your skills, trading style and investment objectives.。In this case, a broker like XM can meet the needs of almost all types of traders, whether you are a beginner, professional, scalper or day trader。This article walks you through the registration process in XM。

Introduction to XM

Founded in 2009, XM is recognized as a new generation broker in online forex and commodities trading because it is not only friendly to beginners, but also to experienced traders.。On top of that, traders can practice or test trading scenarios on XM's simulation platform, which also offers virtual currencies up to $100,000.。

Today, XM has developed into a comprehensive international investment platform, always provide the best service for every customer。XM is likely to have attracted about 5 million customers from more than 190 countries, making it popular among traders.。

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XM was founded in 2009 and is owned by an online broker named Trading Point of Financial Instruments Ltd。To serve customers worldwide, the company has established branches in XM Australia, XM Global and XM Cyprus。Each institution has a different head office and licence, of which XM Australia is registered with the Australian Securities and Investments Commission (reference number: 443670), XM Global is registered with the IFSC (reference number: 60 / 354 / TS / 19), and XM Cypus is registered with the Cyprus Securities and Exchange Commission (reference number: 120 / 10).。

XM is one of the most experienced brokers in online forex trading today。Since its inception, the broker has undergone many changes, adding ultra-low accounts and webinar features, supporting 19 different languages, with 35 native speakers in each language。

In terms of trading instruments, XM is a well-known diversified asset provider covering FX, commodities, CFD equity indices, precious metals, energy and equities。XM 99.35% of orders can be executed within 1 second。XM Trading will also provide services such as a strict no-re-quote policy, no virtual trader plug-ins, no rejection orders, real-time market execution, and traders can choose to place orders online or over the phone.。

In ultra-low accounts, spreads can be as low as 0 for all major accounts.6 points, while spreads on other accounts usually start at 1 point。XM limits leverage to 1: 888, a unique number now widely recognized as a hallmark of XM.。

To protect client funds in case of extreme volatility, XM offers negative balance protection for each account type。Deposits for micro and standard accounts start at $5, while ultra-low accounts require a minimum deposit of $50。Traders who open an account in XM can enable conditions similar to the cent account environment in a micro account with a lot size of only 1,000 units per lot.。If the minimum number of lots is applied in the MetaTrader platform (i.e. 0.01), which means that the trader only needs 10 units per trade。

Most of XM implement zero-fee deposits, and traders can choose to deposit and withdraw money through wire transfers, credit cards, and the best electronic payment methods such as Skrill, Neteller, and FasaPay.。

XM also provides Islamic accounts for Muslim traders in compliance with Sharia law, which prohibits the use of interest earned on overnight swaps for each currency pair.。In order to provide customers with the best trading experience, XM allows access to MT4 and MT5 platforms, each of which supports more than 6 display formats (PC, Mac, multi-terminal, WebTrader, iPad, iPhone, Android and Android tablets)。

All in all, XM goes global with trading services in more than 15 languages worldwide。In addition to simplifying the trader's experience with mainstream trading platforms and high-quality trade execution, XM is also aimed at all types of traders, from small capital traders to experienced traders with large deposits.。You can even trade in a cent trading environment if you register under a micro account。

For its global dissemination scheme, traders from different countries can easily access XM's services, providing traders in certain jurisdictions with specified different links to access XM。

Preparation before registration

Anyone (both beginners and professionals) can sign up for an account with XM with a minimum deposit of $5. There are a few things to note and prepare:

1.File

You need to submit some documents for account verification。As a regulated company, XM operates in accordance with a set of compliance-related issues and procedures set out by regulators, which involves gathering adequate documentation from customers about KYC (Know Your Customer).。You must prepare 2 necessary files in GIF, JPG, PNG or PDF format with a maximum file size of 4MB。

• Proof of Identity
  Color photocopy of a valid passport or other official identification document (e.g. driver's license, ID card, etc.)。
  Certificate of residence
  Recent utility bills (such as electricity, water, phone, gas, Internet or cable connection) or bank statements from the past 6 months to confirm your registered address。

2.How to fill in the application form

The application form only accepts English letters, please use your first and last name in your identity。

3.Account Type

XM offers 5 account types that you can choose from according to your abilities, including:

• Standard (1 hand = 10,000)
  Miniature (1 hand = 1,000)
  XM Ultra Low Standard (1 hand = 100,000)
  XM Ultra Batch Micro (1 hand = 1,000)
  Stock account (minimum deposit for stock trading is $10,000)

4.Email Confirmation

You must receive an email from XM to confirm your account, so make sure that emails from [email protected] are not marked as spam。XM recommends adding [email protected] to your contact list to avoid emails being mistaken for spam。

XM Account Registration Guide

Before installing the MT4 trading platform, you need to follow these steps to open a live account:

1.Go to the XM website and click on the "Open Account" button。

2.You will jump to the real account registration page, please fill in the personal details and trading account information in the form。Then, click Continue to Step 2。

3.In addition to trading account details, you must also fill in investor information such as investment amount, education level, etc.。

4.Next, truthfully fill out the trading knowledge and experience form。

5.Once you are ready, you can enter the password of your choice, confirm that you have read and fully understand the terms, and then click "Open a Real Account" to complete the。

6.You have successfully opened an XM account, please confirm your email address and install the MT4 trading platform。

7.Click the "Confirm Email Address" button in the email, please do it within 24 hours to continue to the next step。

8.You will jump to XM's members area and get an MT4 ID unique number, which is required every time you visit this page。Enter the password you created earlier and click Log In。

9.Soon, you will receive a second email with your MT4 ID and server name to continue logging into the membership area or download the XM MT4 platform。

10.You are logged in to the XM Membership Zone, but your trading account is still pending。To start verification, click the Verify Your Account button。

11.You need to upload the necessary documents to get approval, such as identification and proof of residence。

Conclusion

After successfully opening an account with XM, you can enjoy a range of features offered by the broker, such as 0.Ultra-low spreads from 0 o'clock, low deposit requirements, high leverage, automated trading, and fast order execution in less than 1 second。In addition, XM offers more than 1,000 trading instruments covering more than 55 foreign exchange pairs, 600 companies "shares, cryptocurrencies, major global indices such as Nasdaq and DAX, and commodities such as precious metals and energy.。

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By comparing the advantages and disadvantages of XM, determine whether it is your best choice。Read this article to learn more about XM。