ALL XM ACCOUNTS - DON'T OPEN XM ACCOUNT UNTIL YOU READ THIS


XM forex broker has a significant experience as a provider of financial services worldwide and also with unparalleled transparency. XM account offers investors the possibility of investing in more than 250 financial instruments such as the main currencies of the Forex market and CFDs on stocks, precious metals, indices, commodities and energy.

But, not everything that shines is gold and, unlike other brokers, XM only offers a unique system of trading platform, however, it is one of the most completed that exist today and that provide enough coverage for us to invest in the different markets, this is not more than MetaTrader4 (MT4).

xm account type

What does XM MetaTrader allows us?

Well, it allows for the possibility of a single trader acting on eight different platforms and admits a large number of orders with respect to the operations that are taking place at the same time. Other important information to mention about this XM is the low level of spreads or the leverage flexibility that ranges between 1:1 and 1:888.

One of the good things is that this platform gives you access to more than 100 financial instruments so that, at present, it stands as one of the best that exists in the market.

If you decide to operate through the XM broker, you will have the possibility to choose between several types of XM real accounts, so we will have the possibility to evaluate and choose the one that best suits your needs.

XM demo account

If the idea of ​​investing in the financial market is attractive but you still do not want to take too many risks, then XM offers you the possibility of becoming a Demo account. It is a simulator of the broker, where you can perform all kinds of operations and use the tools available in order to familiarize with the platform and market strategies. This option can be used for an unlimited time, although all the movements you do will be with virtual money.

Open demo account here

XM Micro account

  • You have up to 11 options for base currency: USD (America), EUR, GBP, JPY(Japan), CHF (Swiss),‎ AUD (Australia), HUF (Hungary), PLN (Poland), RUB (Russian), SGD (Singapore), and ZAR (South Africa).
  • For the contract size, 1 lot is equal to 1000 USD.
  • The highest leverage you can have for this account is 1:888 (20 thousand dollars maximum).
  • Spread is as low as 1 pip and there is no commission charged.
  • The largest number of orders you can have at one is 200 positions.
  • For the MT4 platform, the minimum volume must be 0.01 lot. For the MT5 platform, the number is 0.1 lot.
  • Every bonus is applied to XM Micro account.
  • The minimum deposit to open XM Micro account is only $5.
  • Finally, this account has negative balance protection.

Learn more about XM Micro Account here

XM Standard account

  • Just like XM Micro account, you have up to 11 options for base currency.
  • For the contract size this time, 1 lot is equal to 100,000 USD, one hundred times higher than Micro account.
  • The highest leverage you can have for this account is 1:888 (20 thousand dollars maximum).
  • Spread is as low as 1 pip and there is no commission either.
  • The largest number of orders you can have at one is 200 positions.
  • The minimum volume must be 0.01 lot for both MT4 and MT5 platform.
  • Every bonus is applied to this account.
  • The minimum deposit to open XM Standard account is also just $5.
  • Finally, this account has negative balance protection as well.

Learn more about Standard Account here

XM Ultra Low account

XM Ultra Low just has been introduced recently. This is a new account of XM that's expected to capture the attetion of many traders. Check out its features:

  • For base currency, your options now are more limited: EUR, USD, GBP, AUD, ZAR, and SGD.
  • For the contract size, there are two options for you. A Strandard lot is equal to 1000 USD while a Micro lot is 1000 USD.
  • The highest leverage you can have for this account is 1:888 (20 thousand dollars maximum).
  • Spread is now much lower, only 0.6 pip at least.
  • The largest number of orders you can have at one is 200 positions.
  • For this account, the minimum trade volume is 0.01 lot for Micro Ultra and 0.1 lot for Standard Ultra.
  • No trading bonus is applied to this account.
  • The minimum deposit to open XM Ultra Low account is $50 now.
  • Finally, this account has negative balance protection.

Learn more about Ultra Low Account here

Open XM account for XM bonus

The brokers use some resources such as bonuses to encourage their users on numerous occasions and XM is not the exception to the rule; it does it, and also offers different types of bonds in order to cover each and every one of the needs of the traders according to the account they have chosen or the activity they have in the financial market.

First of all, they offer a welcome bonus with which you have the possibility of obtaining an additional amount of €25 at the moment we open an account. In addition to this, the bonus will be obtained automatically without having to make any type of deposit.

Check out XM welcome bonus.

Another type of bonuses offered by XM is the loyalty program, through which users earn points according to some criteria established by the broker. Normally, it usually is the participation of events indicated in the year or how active a trader can be on the platform.

Get XM welcome bonus here

Open XM account to join XM contest

XM also has been promoting a contest among users for a long time so that more people join; it is the World Forex Championship, and its prize is one million dollars.

The challenge consists of 10 qualifying rounds, each of which has a prize of less than $50,000. The objective of the traders is to go from rounds to reach the final and thus get a larger amount. To participate in this Championship the only requirement is just to have a real account open in the broker.

The type of XM account that you are going to open in XM depends directly on the kind of person you are and how you handle yourself in the financial world. If you are just beginning, in that case the most advisable thing is to open a Micro account, so you can start with the basics, you will learn and as time goes by you can move forward within the account.

Now, if you are already advanced and have sufficient knowledge as well as experience in trading, the other types of accounts are perfect for you since you will know what is best for you and what is not and what is best for you.

In any way and whatever the type of real account you decide to open, you will not be alone because the XM team will always be willing to help you, because thinking about their clients and the best for them, they have a tool that is considered among the best that can be offer any broker, and this is a training center.

It is an educational section which is of great help for those traders who are starting in the world of investments, although it is also an excellent option for experts who have been interacting in the financial sector for years.

In any case, the training center of XM is available to all those who are interested in learning a little more about Forex and CFDs and anything related to XM accounts.

XM review

Mario Draghi
Mario Draghi
Hey, I’m Mario Draghi. I’m a writer currently resided in Thailand. For my forex experience, I have been working with brokers and trading for 5 years. Hope that you'll enjoy my articles about all forex-related matters.

1 Comments

  1. Tomy says:

    I'm Tomy, I emailed you, I have some questions about installing robots, for different accounts, different brokers it works the same, that's right?

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