XM Account

Founded in South Africa in 2009, the XM Trading platform gives XM account users a chance to trade in one of the biggest forex brokers in the world, in terms of everyday trading volume. Currently, there are more than 2.7 million XM account holders worldwide. XM account users can trade in Forex and CFDs on Metals, Indices, Commodities, Energies and Stocks.

Opening an Account

Follow these steps to open an account at XM:

1. Enter your name, country of residence, email address, and phone number.
2. Choose your trading platform (MT4 or MT5).
3. Provide your personal information, such as your date of birth and address.
4. Specify the leverage amount and currency.
5. Answer questions regarding your finances and financial literacy.
6. Confirm your identity and residency. In addition to uploading a government-issued ID, such as a passport or a driver's license, you may also submit utility bills and bank statements to serve as your proof of residency.

XM Trading Platforms

As an XM account holder or user, you can trade choose to use any of XM's two trading platforms: MetaTrader 4 (XM MT4) or MetaTrader 5 (XM MT5).

XM MT4 has the following features:

• Has a flexible leverage trading from 1.1 to 888.1
• 1 Single login access to as many as 8 platforms
• Optional Micro lot accounts
• Spreads go as low as 0.6 pips
• Can trade to more than 1,000 instruments

The XM MT5 has the following features:

• Additional 300 CFDs on shares (stocks)
• Ideal multi-asset trading platform
• Can trade Forex, CFDs on gold, stocks, indices, equity and oil from 1 platform with zero rejections
• Has a leverage trading from 1.1 to 888.1
• 1 single login access to 7 platforms
• It has more than 80 Analytical Objects
• Features an in-depth chart of latest market quotes
• It has over 1,000 instruments including Forex CFDs and CFDs on Precious Metals, Stocks, Energies and Indices

To put it simply...

Between MT4 and MT5, the primary difference is that MT4 is dominantly a forex trading platform, whereas MT5 is a multi-asset trading platform. As a result, MT5 not only offers FX trading, but also stocks, indices, and precious metals.

Types of Account

1. XM Live Trading Account: This is the account where XM account holders trade for real.

2. XM Demo Account: This is the account where XM account holders and users can practice trading in real-time market conditions without risking losing real money.

Live Trading Account

The five XM trading account types are:

1. Standard Account
2. XM Swap Free Account
3. XM Ultra Low Account
4. Shares Account
5. Micro Account

Use on MT4

A predecessor of the MT5, the MT4 have all the instruments of the MT5 except for stock CFDs. Access to MT4 is available to the XM account types of Micro, XM Ultra Low, Standard and XM Swap Free.

Use on MT5

XM account holders who selects the MT5 platform will enjoy a wide range of financial instruments from stock CFDs, forex, precious metals CFDs, stock indices CFDs, gold and oil CFDs and more. XM accounts allowed to access the MT5 platform includes the Micro, XM Ultra Low, Standard and XM Swap Free XM account types.

Multiple Accounts

Yes. Any XM account holders or users can manage 10 Active Trading Accounts to go with 1 Shares Account.

Uses

The MT4 Trading Platform is available on the following:

• PCs and Mac Computers
• MT4 WebTrader app on PC and Macs
• iPhone and iPad
• Android smartphone
• Android Tablet

The MT5 Trading platform is available on the following:

• PCs and Mac Computers
• MT5 WebTrader app on PCs and Macs
• iPhone and iPad
• Android smartphone
• Android Tablet

Tradable Assets

XM offers more than 1,000 financial instruments classified in the following asset classes:

• Forex or Currencies: XM offers more than 55 currency pairs involving both major and minor world currencies.
• Stock CFDs: XM offers more than 1,200 stocks from almost 20 countries including the United States, Australia, Germany and the United Kingdom.
• CFDs on Equity Indices: XM offers the major equity indices in the world today such as the Nasdaq, S&P 500, Nikkei225, Dow Jones, ASX200, FTSE100, Euro Stoxx 50, CAC40 and DAX.
• CFDs on Commodities: XM offers options to trade on the most popular commodities in the world such as Wheat, Cocoa and Corn.
• CFDs on Energy and Precious Metals: Wanting to trade on gold and silver? as well as Natural gas and oil? you can do so in XM since these precious metals and energy are also available to trade.

However, XM is currently not offering any Crypto CFDs.