Summary of how to open an XM Standard account.

In this article.XMThis section explains how to open a Standard account.

How to open a XM Standard account

Go to the XM new member registration page

First.XM official website.Access to.

XM official website.and select [Open an account].

Visit the official XM website and select 'Open an account'.

Fill in the mandatory fields.

[Select 'Open an account' and fill in the required fields.

Name and surname

Fill in the same name and surname as on the identity card.

country of residence

Account types, promotions and other services may vary depending on the country in which the customer resides.

Here you can select the country in which you currently reside.

Preferred language

You can also change your preferred language later. If you select your mother tongue, support staff who speak that language will be available to help you.

Telephone number

It is not necessary to call XM, but in some cases it may be necessary.

Email address

Please enter your correct email address. Once you have registered, you will need your email address for all communications and logins.

Select account type

Before proceeding to the next step, you need to select your trading platform type - you can also choose MT4 (MetaTrader4) or MT5 (MetaTrader5) platform.

Select [Standard] in Account type.

And the type of account you want to use with XM. Under Account type, select Standard.

Select your account type and click (proceed to step 2).

Select your account type and click (proceed to step 2).

Enter first name, last name, date of birth and address details.

Enter personal details.

Enter the only non-English alphabet here.

Enter address details.

Enter address details.

All entries are in English.

You need to enter the same address as your identity documents, as you will be asked to provide them when you activate your account.

Enter trading account details and investor information

Trading account details

The basic currency of the account can be EUR, USD or JPY, with JPY (Japanese Yen) being the most standard.

Leverage is 888 times and bonus receipt is on a voluntary basis.

Investor Relations

The maximum leverage is limited to 200 times if the investment is more than USD 20,000.

If you want to trade with 888 times leverage, select [5-20,000].

Create account password and agree to terms and conditions

The account password field must consist of lowercase letters, uppercase letters and numbers.

After filling in all the fields, you must finally agree to the Terms and Conditions, click the box and press [Open Real Account] as above.

Check the mailbox of the registered email address.

After pressing [Open Real Account], you will receive an email confirmation from XM.

You will receive an email in your mailbox similar to the one in the following image. Here, you need to activate your account by pressing where it says [Confirm email address]. This will finally activate your demo account.

Note that the authentication link will be deactivated if it is not completed within 24 hours.

XM account opening completed.

After email and account confirmation, a new browser tab will open with welcome information; you will also be provided with an identification or user number that can be used on the MT4 or Webtrader platform.

Back in your mailbox, you will see your account login details.

Make sure you save your ID and server information as this is used to log in to MT4.

Remember that the account opening and authorisation process is exactly the same for the Metatrader MT5 or Webtrader MT5 versions.

Activation of XM accounts (submission of required documents).

Not only XM, but many international FX traders require the submission of verification documents to prevent fraud, but XM requires the uploading of one photo ID and one document proving current address, and this process is [...Account activation].

This process is called 'account activation'. Without account activation, you will not be able to trade or make deposits and withdrawals, so be sure to complete this procedure at the same time as opening your account.

 

Take one photo of each of the identity and address verification documents with your smartphone camera, andXM member pageUpload from.

For information on how to submit the documents required to open a XM account, see the following article.

Four advantages of a standard account

The four advantages of a Standard account are [all bonuses available], [888 times leverage], [wide range of trading stocks] and [flexible lot size].

Four types of bonuses can be fully utilised

XM offers four bonuses [New Account Opening Bonus], [Deposit Bonus], [Loyalty Programme] and [Refer-a-Friend Bonus], and you can start trading without a deposit by utilising the four different bonuses.

If you want to take full advantage of the four bonuses, we recommend using a standard account, so if you have no particular preference for the account you want to open, you should definitely open a standard account.

For more information on the four types of bonuses, see the following article.

Up to 888 times leverage - maximising the benefits of foreign FX

One of the attractions of foreign FX is [leverage]. While the maximum leverage of domestic forex is 25 times, the maximum leverage of XM, an overseas forex company, is 888 times, allowing you to aim for high returns with little money.

Also, the leverage of XM is not fixed and can be set freely by you!

Micro accounts have a lower maximum lot size than standard accounts, so choose a standard account if you want to make the most of high leverage trading.

For more information on XM's maximum leverage of 888 times, see the following article.

33 CFD issues can be traded in addition to currency pairs

The Zero account offers two types of CFDs: gold and silver, but the Standard account offers a wide variety of other stocks besides gold and silver, including palladium, crude oil and coffee, bringing the total number of tradable stocks to 52.

CFD trading is possible in micro accounts, but only gold and silver are the only stocks that are compatible with lot sizes. Even if you want to trade other CFD stocks, it is virtually impossible to trade anything other than gold and silver because the minimum and maximum lot sizes are too small to provide the necessary funds.

Gold and oil prices have been increasing rapidly in recent years, making it easier for traders to make money.

Anyone interested in CFD trading must open a Standard account.

Freedom to choose the number of trading currency lots from 0.01 lot to 50 lots.

Standard accounts are set up with a maximum of 50 lots (5,000,000 currency) and a minimum of 0.01 lots (10,000 currency), making them suitable for both beginners and advanced traders in FX.

Furthermore, the standard account allows for lot size adjustment, creating an environment where beginners can progress to advanced level with just one standard account.

For example, let's say you trade 0.01 lots of USD/JPY: with 0.01 lots, even if you move 1 pips, the fluctuation is only 10 yen, so even beginners can trade with confidence.

The ability to trade with a number of lots suitable for the trader is an attraction of the Standard account.

summary

This article explains how to open a XM Standard account.