XM Stocks

The XM stock CFD trading platform offers direct access to several financial instruments and the worldwide equity market. Having an XM trading account basically gives traders access to invest in global economies with the option of going long or short depending on the movement of the market. Ideal for investors looking to develop both long-term and short-term strategies, the XM stock trading platform provides a good place to start your investing journey.

Opening an Account

To open an XM trading account, simply follow these steps:

1. On the XM Homepage, select and click the "Open a Live Account " button.
2. Fill the online form with your personal information.
3. Since you would want to trade stocks, select the "MT5" platform since the "MT4" is for forex trading only.
4. Select an account type and click "Proceed".
5. Fill another online form with information regarding your trading experience and knowledge.
6. Set a password for your XM trading account.
7. Read and Accept if you agree, the Terms and Conditions and other Policies.
8. Select and click the button "Open a Real Account".
9. Wait for the confirmation link on your email. After receiving it, click the link to finish your XM account registration.
10. You will be directed to the XM Members Area where your MT5 ID number will be shown. Enter your password and click "Login".
11. Check your email inbox for your MT5 ID and server name and the link that will take you to the login page where you can also download your selected trading platform — in this instance, the XM MT5 trading platform.

Validating Account

To maximize the use of the XM trading platform by getting access to all its features, you need to validate your account by following these steps:

1. Prepare your documents such as proof of identity (ex: valid passport) and proof of residency (ex: bank account statement or a utility bill dated not older than six months).
2. Submit these documents on the XM Members Area.
3. Enter your MT4/MT5 number and password to login.
4. Select the button "Validate your account now".
5. Upload a colored and clear soft copy of your documents.
6. Afterwards, just wait for an email from the XM Validation Department stating that your account has been validated.

Tradable Assets

Using the XM trading platforms, traders can trade on these financial assets:

• Stocks: Get a direct access to global stocks and equity markets for long-term or short-term trading strategies.
• Forex: Trade on the world's most popular currency pairs — 57 of them are available in XM including EUR/USD, GBP/USD, USD/JPY, EURO/JPY, USD/CHF and more.
• Equity indices: Trade on the most popular stocks listed in the world's biggest stock indices like the Nasdaq, Dow Jones and the S&P500.
• Precious Metals: Profit from trading some of the world's precious items like gold, silver, palladium and platinum.
• Commodities: Invest in tradeable goods like sugar, corn, wheat without having to own the physical commodity through CFD trading.
• Energies: Trade on the world's most sought-after commodity, oil via CFD trading.

Trading Platform

Since XM have the XM MT4 Trading Platform and the XM MT5 Trading Platform, it is important to know that you can only trade on individual stocks on the XM MT5 Trading Platform. Aside from stocks, you can also trade on cryptocurrencies, equity indices, energies and precious metals using this platform.

The XM MT4 Trading Platform meanwhile, is only for retail forex trading. Use this if you are only looking to trade forex.

Both XM MetaTrader 4 and XM MetaTrader 5 Trading platforms are available in Android and iOS devices.

Deposits

Follow these simple steps to deposit funds to your XM account and start trading:

1. Head to XM Members Area and Login.
2. Select and Click "Deposit Funds".
3. Choose your preferred payment method.
4. Follow the instructions on how you can proceed with the deposit.

Remember: Accepted methods for depositing money to your XM trading account are: Credit and Debit cards, Online Bank Transfer, Skrill, Neteller, SticPay, Perfect Money and WebMoney.

Trading Tools

Trading stocks and other financial instruments using the MT5 platform will provide you with these features and tools to enhance your trading advantage:

• Margin calculations on forex, futures, etc.
• Depth of market asks and bids
• Spreads
• In-depth trading reports and analysis
• Advanced technical analysis
• Market price data
• One-click trading capabilities
• Futures

Other benefits include:

• Scalping
• Low minimum deposit
• Hedging
• Negative balance protection
• Demo or practice account

Fees

XM imposes fees for every US Shares traded with $0.04 commission per stock/share or a minimum of $1 commission every transaction. For UK-based shares, the fee is 0.10% commission per each transaction or a minimum of $9 every transaction.

Support

XM offers their users with a choice of how to contact customer service. These are through:

1. Live support or chat
2. Email support
3. Phone support

Links to the live support, email and phone numbers can be found in the Contact Us section of XM's website.