XM is a well known online forex broker, founded in 2009, offering a wide range of account types, including micro and standard accounts, with a minimum deposit of just $5, making it an ideal choice for beginners and traders with small amounts of capital.

Low-Threshold Account Opening and High Leverage

XM's Micro and Standard accounts require a minimum deposit of $5, allowing traders to start trading with just $5. Additionally, XM offers high leverage of up to 1:1000, enabling traders to control larger positions with smaller capital. In the Micro account, traders can start trading with 10 units, further lowering the trading threshold.

In micro accounts, traders can start trading with as few as 10 units, further lowering the trading threshold. In order to trade 0.01 lots, traders need only a few dollars or less in margin, which makes forex trading even more popular, especially for investors who wish to trade with small amounts of capital.

Zero Account and Other Account Types

For traders who prefer lower spreads, XM also offers the XM Zero Account. However, this account type requires a minimum deposit of $200, which is higher than the Micro and Standard accounts but provides more favorable trading conditions.

Convenient Deposit Methods

XM supports a variety of convenient deposit methods, including but not limited to:

• Visa
• Mastercard
• UnionPay
• Neteller
• Skrill
• Klarna
• Przelewy
• Bitcoin

It is worth noting that deposits via bank wire transfer require a minimum amount of $200. Other methods allow deposits as low as $5 or equivalent.