Which XM’s account type is the best suited for you?
XM Group offers several account types, and you can choose the most appropriate and comfortable account for you!
One of the main objectives of XM is to provide Clients the opportunity to carry out operations in a comfortable and safe way in the international exchange Forex market taking into account needs, experience and financial capacity of every Client.
Although every account type has its own peculiar features, XM offers its Customers the following opportunities no matter what type of account the Customer has chosen:
- To open accounts in several deposit currencies;
- An opportunity to open accounts in Micro and multiple currencies;
- Unrestricted direct access to real liquidity;
- The MT4 and MT5 service of signals, trades copying and other in-demand opportunities for traders;
- The equally high quality of quoting and order processing on all types of accounts;
- Total freedom to choose the strategy and operating procedures (including automatic trading);
- 24/5 technical and consulting Support;
- Full information and analytical support.
Mainly, XM offers 3 trading account types as follows:
|Trading Platform||MetaTrader4 (MT4), MetaTrader5 (MT5)||MetaTrader4 (MT4), MetaTrader5 (MT5)||MetaTrader4 (MT4), MetaTrader5 (MT5)|
|Accout Currency||EUR, JPY, USD||AUD, CHF, EUR, GBP, HUF, PLN, RUB, SGD, USD, ZAR||AUD, CHF, EUR, GBP, HUF, JPY, PLN, RUB, SGD, USD, ZAR|
|Execution Type||ECN (Market)||STP (Market)||STP (Market)|
|Minimum Spread||from 0.0 pips||from 1 pips||from 1 pips|
|Trading Commission||$3.5/per Lot||N/A||N/A|
|Minimum Trading Lots||0.1||0.01||0.001|
|Maximum Trading Lots||50||50||100|
|Margin Call %||50%||50%||50%|
|Stop Out %||20%||20%||20%|
|EA (Automated Trading)||Allowed||Allowed||Allowed|
|Islamic (Swap Free)||Optional||Optional||Optional|
|Interest on Margin||None||None||None|
You might want Micro account type if…
Is Forex a new sphere to apply your intellectual capacity?
Start your big journey into the financial world with Micro trading account which provides safety, exclusive convenience and reliability.
These things are so necessary at the start.
You might want Standard account type if…
Is speed and immediate realization of orders the most important for you in Forex trading?
Standard trading accounts are just what you need.
They are optimized for achieving the highest speed of quoting.
Ultra Low Spread account type for some countries
For some regions, XM offers new account types with even better trading conditions.
These new account types has the same trading conditions as the traditional Standard and Micro account types, but the spreads are much tighter.
Instead of the minimum spread of 1.0 pip, these “Ultra Low Spread” accounts are provided with the minimum spread from 0.6 pips.
No extra commissions or other hidden costs.
Other conditions such as the required minimum deposit amount and the maximum leverage are the same as the traditional ones.
Note that the account types are available only for investors from certain regions.
Visit XM Official Website and find out if you are eligible to open the account type.