Question: What base currency is available for XM MT4/MT5 Forex trading account?
XM currently accepts the following as base currencies: USD, EUR, GBP, CHF, AUD, HUF, PLN and JPY.
You may decide your base currency as you wish depending on your fund situation.
In case you don’t find the currency of your country in the list, you can open an account with another currency.
You can deposit in your currency and XM will convert the fund automatically for you.
As XM does not charge any for deposit/withdrawal nor currency exchanges, it could be a better choice for you to choose another currency for your trading account.
And average commissions for exchanging currencies with banks are around 1% – 3%.
With XM, you can also open several trading accounts with different base currencies.
With this condition, you can diversify your portfolio and manage risks using different currencies to hold your accounts.