To choose the best trading account type, the most important thing is to have an in-depth understanding of all available types。Therefore, this article will show you how to choose the most suitable for your XM account type。

In general, XM offers traders the following accounts:

Micro account: 1 micro hand represents 1,000 units of base currency。Standard account: 1 standard hand represents 100,000 units of base currency。Ultra-low micro accounts: micro accounts with spreads as low as 0.6 o'clock。Stock account: an account dedicated to stock trading。

What is the difference between these four accounts?？Let's examine each account in the following article。

What are the XM account types?？

Micro Account

XM's micro-accounts offer traders a variety of base currency options, including US dollar, euro, British pound, Japanese yen, Swiss franc, Australian dollar, Hungarian forint, Polish zloty, ruble, Singapore dollar and South African rand。

The account has a contract size of 1 lot, equivalent to 1,000 units of base currency, traders can enjoy a generous leverage of 1: 888, and the account also includes negative balance protection to limit potential losses.。

The account has a trading spread as low as 1 pip and no commission, with a minimum deposit of only $5 for a mini account.。

Standard Account

XM's standard account allows traders to choose from a variety of base currencies, including the US dollar, euro, British pound, Japanese yen, Swiss franc, Australian dollar, Hungarian forint, Polish zloty, ruble, Singapore dollar and South African rand。

The account has a contract size of 1 lot, which is equivalent to 100,000 units of base currency.。Traders can enjoy a leverage ratio of 1: 888 and also enjoy negative balance protection。

Standard accounts have the same spreads, commissions and minimum deposits as mini accounts.。

Ultra Low Micro Account

XM's ultra-low micro accounts offer a flexible choice of basic currencies, including the euro, US dollar, British pound, Australian dollar, South African rand and Singapore dollar。The contract size of the account is divided into two types。For Standard Ultra, 1 hand equals 100,000, while for Standard Ultra, 1 hand equals 1,000。

The leverage provided by this account is 1: 888, there is no negative balance protection, traders can benefit from low spreads, from 0.From 6 o'clock。

No fees, the minimum deposit for opening an ultra-low micro account is only $5。

Stock Account

The type of stock account offered by XM allows trading of shares with a base currency of USD。The account has a contract size of 1 share and does not provide leverage。

There is no negative balance protection, the spread depends on the underlying exchange, and no commission is charged for transactions made in this account。

The minimum deposit requirement for a stock account is $10,000, which is higher than other account types.。

Which XM account is best for you？

You can adjust the specifications of your XM account as needed。

If you are a beginner and minimizing risk is your priority, XM Micro Account is the best option。

If you are experienced and looking for higher opportunities, but also aware of the increased risk, then XM Standard Account may be your best choice。

On the other hand, XM ultra-low micro accounts are suitable for scalpers, day traders or other types of traders because they put low spreads at the forefront of their strategies.。

Finally, if you want to try investing in the stock market, an XM stock account might be a good idea。

	Micro	标准	Ultra-low micro	Stock
Optional base currency	US Dollar, Euro, British Pound Sterling, Japanese Yen, Swiss Franc, Australian Dollar, Swiss Franc, Dutch Guilder, Ruble, Singapore Dollar, South African Rand	US Dollar, Euro, British Pound Sterling, Japanese Yen, Swiss Franc, Australian Dollar, Swiss Franc, Dutch Guilder, Ruble, Singapore Dollar, South African Rand	Euro, US Dollar, British Pound Sterling, Australian Dollar, South African Rand, Singapore Dollar	Dollars
Transaction size	1 hand = 1,000	1 hand = 100,000	Standard Ultra: 1 hand = 100,000 Ultra Low Ultra: 1 hand = 1,000	1 Share
Leverage	1: 1-1: 888 ($5-20,000) 1: 1-1: 200 ($20,001-100,000) 1: 1-1: 100 ($100,000)	1: 1-1: 888 ($5-20,000) 1: 1-1: 200 ($20,001-100,000) 1: 1-1: 100 ($100,000)	1: 1-1: 888 ($50-20,000) 1: 1-1: 200 ($20,001-100,000) 1: 1-1: 100 ($100,000)	No leverage
Spread	Down to 1 point	Down to 1 point	Down to 0.6 o'clock	Subject to the relevant exchange
Commission	❌	❌	❌	❌
Maximum open / pending orders per customer	300 single	300 single	300 single	50 single
Minimum transaction size	0.1 hand (MT4 & MT5)	0.01 Hands	Standard Ultra: 0.01 Hand Micro Ultra: 0.1 hand	1 hand
️ Lot limit per ticket	100 hands	50 hands	Standard Ultra: 50 Hands Micro Ultra: 100 Hands	Depends on per share
Hedging	❌	❌	❌	❌
Islamic accounts	Optional	Optional	Optional	❌
Minimum deposit	5美元	5美元	5美元	US $10,000

In addition to the above 4 account types, it is highly recommended to use XM demo account if you are new to Forex trading, using virtual currency。risk will be zero because gains and losses are only simulated。

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XM was founded in 2009 as a company called Trading Point of Financial Instruments Ltd..A member of an online brokerage firm。To serve customers worldwide, the company has split into XM Australia and XM Global, as well as XM Cyprus。Each member has a different head office and license, XM Australia is registered under the Australian Securities and Investments Commission (reference number: 443670), XM Worldwide is registered under the International Financial Services Commission (60 / 354 / TS / 19), and XM Cyprus is registered under the Cyprus Securities and Exchange Commission (reference number: 120 / 10).。

XM is one of the more experienced brokers in the online forex trading world today。Since its inception, the broker has undergone many changes, including the addition of an ultra-low account and webinar function, which supports 19 different languages with 35 local instructors in each language。

In terms of trading instruments, XM is known for its diversity of asset providers, ranging from foreign exchange, commodities, CFDs for equity indices, precious metals, energy, to equities。XM prides itself on being an ideal broker for executing trades, providing a statistic that 99.35% of orders executed in less than a second。Trading at XM also offers a strict no-re-quote policy, no virtual trader plug-ins, no rejection of orders, real-time market execution, and the option for traders to place orders online or over the phone.。

In the Ultra-Low account, the spread of all major currency pairs can be as low as 0.6 points, while the spread of other accounts usually starts at 1 point。XM chose to limit their leverage to a scale of 1: 888, rather than offering a maximum leverage of 1: 500 or 1: 1000 (whole numbers), a unique number now widely recognized as a trademark of XM.。

To protect client funds in extremely volatile situations, XM offers negative balance protection for each type of account。Deposits for micro and standard accounts start at $5, while Ultra-Low accounts require a minimum deposit of $50。Traders who open an account at XM can get conditions similar to a penny account environment in a micro-account, where the contract size is only 1,000 units per lot.。If you use the smallest number of lots on the MetaTrader platform, which is 0.01 lots, then a trader can trade only 10 units per trade。

For deposits, XM applies zero-fee deposits in most of its available payment methods。Traders can choose to deposit and withdraw money by wire transfer, credit card, and the most popular electronic payment options such as Skrill, Neteller, and FasaPay。

XM also provides Islamic accounts for Muslim traders who comply with Sharia law that prohibits the use of interest-bearing overnight swaps for each currency pair.。In order to provide their customers with the best trading experience, XM has opened access to MT4 and MT5 platforms, each with more than 6 display formats (PC, Mac, Multiterminal, WebTrader, iPad, iPhone, Android and Android tablets).。

Overall, there is no doubt that XM has gone global, with its deep commitment to providing trading services on a global scale available in more than 15 languages.。In addition to simplifying the trader's experience through mainstream trading platforms and high-quality trade execution, XM is open to all types of traders, from small capital traders to more experienced traders preparing large deposits.。Even a penny trading environment for traders if they choose to register under a micro account。

For their global approach, XM has ensured that traders from various countries can easily access their services.。This results in different domain names for traders in specific jurisdictions。

What's next？

First of all, you should visit XM's official website to open the new trader registration page。

Next, you just have to pay attention to the instructions given and fill out the corresponding form。

After completing the registration, the system will automatically send you an email to let you enter the members area。

You will be able to easily manage the features of your account, including:

View Open Positions Change Leverage Access Customer Support Access Trading Tools Access Funds View / Apply Promotions View Loyalty Status

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XM is an established international company that has become a true leader in the trading industry。The company was founded in 2009 with "fair, credible and reliable" as its main working principle.。XM claims to support repeat-free quotes and real-time execution, allowing traders to choose from 10 trading platforms for all devices.。