What is XM?

XM is a globally recognised Forex and Contracts for Difference (CFD) broker that has quickly become one of the market leaders since its inception in 2009, offering Forex and CFD trading services globally through its subsidiaries, including XM Global, XM CY and others.

The broker is strictly regulated by several financial regulators, including the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC), providing a safe and secure trading environment for its clients.

Why Choose XM?

XM is renowned for its excellent trading conditions, fast execution speeds, and a wide variety of financial instruments. Whether you're a novice trader or a seasoned investor, XM offers the right trading solutions:

• Various Account Types: Including Standard, Micro, and XM Zero accounts to cater to different investors' needs.
• Wide Range of Trading Instruments: Covering over 1,000 financial products, including forex pairs, stocks, precious metals, energies, and indices CFDs.
• High Leverage: Up to 1:888, providing traders with more flexibility in fund usage.
• Low Spreads: XM offers highly competitive spreads, ensuring better trading conditions for traders.

How to Open an XM Account?

1. Visit the Registration Page

First, go to the XM official website and click the “Open Account” button to enter the account opening page.

2. Fill in Your Personal Information

On the registration page, you'll need to provide basic personal information, including your name, country of residence, email address, and phone number. Ensure the accuracy of this information as it will be used for account verification and customer support contact.

3. Choose Your Account Type

XM offers various account types, including Standard, Micro, and XM Zero accounts. You can also choose between the MT4 or MT5 trading platforms. Select the account type that best suits your trading needs and preferences.

4. Submit Identification Documents

To complete the account verification, you need to upload identification documents (like a passport or driver's license) and proof of address (like a bank statement or utility bill). These documents are used to verify your identity and comply with international anti-money laundering regulations.

5. Complete Account Setup

After agreeing to XM's terms and conditions, click the “Submit” button. You will receive a confirmation email containing your account login details and next steps instructions.

XM Trading Platforms: MT4 and MT5

XM offers the globally popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. Both platforms support a wide range of trading instruments and advanced features, making them ideal choices for forex and CFD traders.

MT4 Platform

MT4 is the classic choice for forex traders, offering the following features:

• Instant Execution and Pending Orders: Supports various order types to suit different trading strategies.
• Advanced Charting Tools: Provides a wealth of technical indicators and drawing tools to help traders analyze the market.
• Automated Trading: Enables automated trading through the use of Expert Advisors (EAs).

MT5 Platform

MT5 is the upgraded version of MT4, offering additional features beyond MT4’s capabilities:

• More Order Types: Supports more order types and timeframes, suitable for complex trading strategies.
• Multi-Asset Trading: Allows trading of various asset classes, including forex, stocks, and futures.
• Enhanced Data Analysis: Offers more technical analysis tools and stronger strategy testing capabilities.

How to Open Multiple Trading Accounts on XM?

XM allows each client to open up to 8 real accounts and an unlimited number of demo accounts. Here’s how to open multiple accounts:

1. Log in to the XM Members Area: Use your registered email and password to log in to the XM Members Area.
2. Select “Open New Account”: Click the “Open New Account” button within the Members Area.
3. Fill in the Application Form: Provide the required personal information and account preferences, choosing the new account type and platform.
4. Submit the Application: After confirming the accuracy of the information, submit the application. You will receive the new account details, and all accounts can be managed through the same Members Area.

How to Trade on XM?

1. Deposit Funds

Before you start trading, you need to fund your account. XM offers multiple deposit methods, including bank wire transfers, credit/debit cards, and e-wallets (like Neteller and Skrill). Log in to the XM Members Area, select the “Deposit Funds” option, and follow the prompts to complete the transfer.

2. Choose Trading Instruments

On the XM MT4 or MT5 platform, select the financial instruments you want to trade. You can choose from forex pairs, commodities, indices, stocks, and other CFD products.

3. Place an Order

After selecting a trading instrument, click the “New Order” button and fill in the order parameters, including trade volume, stop-loss, and take-profit levels. Confirm the order by clicking the “Buy” or “Sell” button to execute the trade.

4. Manage Orders

In the “Terminal” view under the “Trade” tab, you can view and manage all your orders. You can adjust stop-loss or take-profit levels based on market conditions or close positions when necessary.

XM Bonuses and Promotions

XM offers various bonuses and promotions for its clients, including:

• $30 No Deposit Bonus: New clients receive $30 in trading funds upon registration, allowing them to experience a real trading environment without making a deposit.
• Deposit Bonuses: Clients can receive up to a 50% bonus on their deposits, enhancing their trading leverage.
• Loyalty Program: Earn XM Points (XMP) through trading, which can be redeemed for trading funds or other rewards.

How to Withdraw Funds?

Withdrawing funds is as simple as depositing. Log in to the XM Members Area, select the “Withdraw Funds” option, choose the withdrawal method (bank wire, e-wallet, etc.), and fill in the required information. XM typically processes withdrawal requests within 24 hours, and the funds will be transferred to your chosen account.

Closing or Deactivating an Account

If you decide not to use your XM trading account anymore, you can withdraw all funds and contact XM customer support to deactivate or close the account. Unused accounts will be marked as dormant after a certain period but can be reactivated if needed.

Anti-Money Laundering Measures

XM strictly adheres to international Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations, requiring clients to submit identification and address verification documents upon registration. All fund transfers undergo stringent review to ensure compliance with international financial security standards.

Conclusion

XM, as a leading global forex and CFD broker, offers a rich variety of trading products, excellent trading conditions, and comprehensive customer support. Whether you're just starting in trading or you're an experienced investor, XM provides the ideal trading environment and tools to help you stand out in the global markets.