XM accounts

The account opening at XM is hassle-free and straightforward. You can start using your account the same day you open it. You can choose from many types of accounts, depending on your trading strategy and the country where you register from. The account opening is fast, fully digital, and requires a low minimum deposit amount.

TABLE OF CONTENTS

1. Account types 2. Minimum deposit 3. Countries served

4. How to open your account 5. How to login 6. Bonus at XM

7. How to delete your account

Visit XM
74.89% of retail CFD accounts lose money

Account types

XM offers many account types, which differ in pricing, base currencies and contract size.

Islamic or swap-free accounts are also available. With Islamic accounts, a flat commission is charged if you hold your leveraged position overnight instead of the customary percentage-based financing rates.

XM doesn't offer corporate accounts. If you sign up at a non-European entity, you will not be eligible for European client protection.

XM also offers a demo account where you can practice without financial risk.

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What is the minimum deposit at XM?

The minimum deposit means that you will first need to transfer this amount to your brokerage account from your bank account in order to start trading. The required XM minimum deposit is $5 for all accounty types.

Countries available                     

XM  accepts customers from all over the world. There are a few exceptions including the USA, Canada, China, Japan, New Zealand, and Israel.

How to open your account

The XM  account opening is fully digital, fast, and straightforward. You can fill out the online application form in 20 minutes. Our account was verified on the same day.

You can select from many languages besides English:

To open an account at XM, follow these steps:

1. Enter your name, country of residence, email address, and telephone number.

2. Select the trading platform (MT4 or MT5) and account type.

3. Add your personal information, such as your date of birth and address.

4. Select the base currency and the size of the leverage.

5. Provide your financial information and answer questions about your financial knowledge.

6. Verify your identity and residency. You can upload a copy of your national ID, passport or driver's license to verify your identity, while utility bills and bank statements are accepted as proof of residency.

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How to login

When you log in for the first time, follow these steps on the https://my.xm.com/member/login main client protal:

• Register your account with XM

• Activate the account

• Type in your MT4 or MT5 ID

• Type in your password

• Hit LOGIN

Bonus at XM

XM occasionally offers bonuses to its clients, however, there were no active campaigns at the time of writing.
Earlier bonus schemes offered: XM deposit bonus 50%, XM deposit bonus 100%, XM no deposit trading bonus $30.

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How to delete your account

1. Close all your open positions at XM

2. Make sure that there are no remaining funds or negative balance on your account

3. Send an email to [email protected] with the subject line: REQUEST TO DELETE MY XM ACCOUNT

4. Specifying your reasons for closing the account is optional

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Visit XM
74.89% of retail CFD accounts lose money

-> Back to full XM review 2022

Further reading:

• About XM the company
• XM fees
• XM safety
• XM deposit guide
• XM withdrawal guide
• Stock trading and trading platforms at XM
• XM competitors