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Can I Trade Forex with Just $5 on XM MT4 and MT5 Accounts?

Starting a trade on the Forex market no longer requires a large amount of capital, and at XM, you can start your trading journey with as little as $5.

Can I Trade Forex with Just $5 on XM MT4 and MT5 Accounts?

XM's Trading Threshold

XM offers micro and standard accounts, allowing trading to start with amounts as low as $5. This low threshold enables beginners and those with limited funds to enter the market easily.

In addition to the low threshold, XM also offers leverage ratios up to 1:1000. With a micro account, you can start trading with as little as 10 units. Even if you trade 0.01 lots, just a few dollars or less can cover the margin.

It's important to note that to open an XM Zero account, a minimum deposit of over $200 is required.

Deposit Methods

You can deposit the initial $5 or equivalent amount via various methods, including Visa, Mastercard, Maestro, UnionPay, Neteller, Skrill, Klarna, Przelewy, and Bitcoin. Bank wire transfers require a minimum deposit of $200.

XM Account Types

Micro Account

    • Base Currencies: USD, EUR, GBP, JPY, CHF, AUD, etc.
    • Contract Size: 1 lot = 1,000 units
    • Leverage: Up to 1:1000
    • Spreads: As low as 1 pip
    • Minimum Trade Volume: 0.1 lots (MT4), 0.1 lots (MT5)
    • Minimum Deposit: $5

Standard Account

    • Base Currencies: USD, EUR, GBP, JPY, CHF, AUD, etc.
    • Contract Size: 1 lot = 100,000 units
    • Leverage: Up to 1:1000
    • Spreads: As low as 1 pip
    • Minimum Trade Volume: 0.01 lots
    • Minimum Deposit: $5

XM Ultra Low Account

    • Base Currencies: USD, EUR, GBP, AUD, etc.
    • Contract Size: Standard Ultra: 1 lot = 100,000 units, Micro Ultra: 1 lot = 1,000 units
    • Leverage: Up to 1:1000
    • Spreads: As low as 0.6 pips
    • Minimum Trade Volume: Standard Ultra: 0.01 lots, Micro Ultra: 0.1 lots
    • Minimum Deposit: $5

Stocks Rising

    • Base Currency: USD
    • Contract Size: 1 share
    • Spreads: According to the underlying exchange
    • Minimum Trade Volume: 1 lot
    • Minimum Deposit: $10,000

With its variety of account choices and low deposit requirements, XM makes it easy for anyone to enter the trading market. Register an XM account now and explore forex trading opportunities.

Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.