What is a trading account?？

An XM trading account is similar to a bank account, but differs in that it trades primarily in currency。In XM, you can sign up for three types of trading accounts: Micro (Micro), Standard (Standard) or Ultra Low (Ultra Low Spread), and all XM platforms can trade。

Specifically, XM is divided into forex trading accounts and multi-asset trading accounts.。Among them, foreign exchange accounts are mainly traded in currencies, while multi-asset trading accounts can simultaneously trade foreign exchange, stock index CFDs, equity CFDs and precious metals energy CFDs and other commodities.。

All XM customers can have 10 trading accounts and 1 Shares account according to their needs.。

When registering an account with XM for the first time, you only need to go through a simple KYC (Know Your Customer) audit, and after opening, you can manage your account, access funds, view and participate in offers, view loyalty status, view open contracts, modify leverage, contact customer service, etc., or use the trading products provided by XM.。

MT4 and MT5 accounts

Both XM's MT4 and MT5 platforms can trade currency pairs, stock index CFDs, gold CFDs and crude oil CFDs, but please note that only MT5 accounts can trade equity CFDs。

Of these, Micro (Micro), Standard (Standard) or Ultra Low (Ultra Low Spread) are available on both platforms, and the other type of account can be added at any time。

Account Details

In order to meet the needs of many traders and enhance their trading experience, XM has prepared accounts with different conditions to suit the use of traders with different needs.。

In XM, you can sign up for three types of trading accounts: Micro (Micro), Standard (Standard) or Ultra Low (Ultra Low Spread), as well as a Shares (Stock) account to choose from.。All XM customers can have 10 trading accounts and 1 Shares account according to their needs.。

Among them, all types of accounts support negative balance protection policy, can choose Islamic accounts。Please note that stock accounts do not provide leverage, are subject to a fee on a case-by-case basis, and are not allowed to lock positions.。

Micro Micro Account

Optional base currency:USD, EUR, GBP, CHF,‎ AUD, HUF, PLN, SGD, ZAR

Contract size: 1 lot = 1,000 units

Maximum Leverage:1 : 1000

Mainstream currency spreads: from 1 point

Single customer maximum open / hanging single number: 300 single

Minimum trading volume: 0.1 hand (MT4); 0.1 hand (MT5)

Limit per hand: 100 hands

Overnight interest: Yes

Minimum deposit: $5

Standard Standard Account

Optional base currency:USD, EUR, GBP, JPY, CHF,‎ AUD, HUF, PLN, SGD, ZAR

Contract size: 1 lot = 100,000 units

Maximum Leverage:1 : 1000

Mainstream currency spreads: from 1 point

Single customer maximum open / hanging single number: 300 single

Minimum trading volume: 0.01 Hands

Limit per hand: 50 hands

Overnight interest: Yes

Minimum deposit: $5

XM Ultra Low Ultra Low Spread Account

Optional base currency:EUR, USD, GBP, AUD, ZAR, SGD

Contract size: Standard Ultra: 1 hand = 100,000 units; Micro Ultra: 1 hand = 1,000 units

Maximum Leverage:1 : 1000

Mainstream currency spreads: 0.From 6 o'clock

Single customer maximum open / hanging single number: 300 single

Minimum Trading Volume: Standard Ultra: 0.01 Hands; Micro Ultra: 0.1 hand

Limit per hand: Standard Ultra: 50 hands; Micro Ultra: 100 hands

Overnight interest: None

Minimum deposit: $5

Shares Stock Account

Optional base currency:USD

Contract size: 1 share

Mainstream currency spreads: depending on the stock exchange

Single customer maximum open / hanging single number: 50 single

Minimum trading volume: 1 lot

Limit per lot: depending on different stock commodities

Overnight interest: None

Minimum deposit: $10,000

Precautions

• Every XM client has access to the broker's tailor-made solutions。
• If the deposit currency is not USD, the final display will be the amount converted from USD to the deposit currency.。
• Please note that in order to ensure optimal server performance and to meet the standards in the XM Order Execution Policy, accounts that have not been used for a long time will be processed according to the account cancellation and closure policy。
• The demo account is the best option for forex novices, this account allows traders to use virtual funds without taking any risks。After you've tested your trading strategies, learned how to grasp market movements and how to place orders, you can start the next step, setting up real accounts and trading real money.。