Question:How to open Corporate (Business) FX account with XM?
XM - What's now?
XM has updated the maximum leverage to 1:1000 in June 2022.
Leverage 1:1000 does not apply to client registered under the EU regulated entity of the Group. The maximum leverage for Trading Point of Financial Instruments is 30:1.
- How to open Corporate FX account with XM?
- The required documents for corporate account opening
- Are the fund and information safe with XM?
- Download XM MT4 and MT5 trading platforms
- Why you should choose XM to invest online?
- Invest in Forex with XM
- Invest in Stocks (Shares) with XM
- MAM and PAMM – Money Manager platform
How to open Corporate FX account with XM?
To open XM’s Forex trading account with a corporate (company) name, follow the steps below.
- Signup for XM with the representative’s name and details
- Receive login credentials to the registered email address
- Contact XM support team to request for a Corporate account
- Submit the required documents to XM to complete the account opening
XM’s Forex Trading Account is tailored to meet the needs of traders who wish to be an active part of the Foreign Exchange market.
XM’s account is especially ideal for traders who wish to trade with little requirements and minimal upfront funding.
It is therefore that trades in all major currency pairs can be opened instantaneously on XM.
XM’s state of the art back-office capabilities were set in place as to support all traders’ needs, which include swift trade executions, reviews, and various funding procedures.
Go to XM Online Registration Page
The required documents for corporate account opening
For opening corporate accounts with XM, it requires more documents than opening individual accounts.
Here is the list of document you will need to provide in order to open a corporate trading account.
- Fxprimus Account Opening Questionnaire
- Certificate of Incumbency OR Good Standing
- Certificate of incorporation
- Certificate of directors
- Certificate of shareholders
- Memorandum and articles of association
- Certificate of Registered Address
- KYC (Passport and utility bill) of ALL Directors up to a Physical Person
- KYC (Passport and utility bill) of ALL Shareholders (with equal to/ greater than 10%) up to a Physical Person
- KYC (Passport and utility bill) of Authorized Representative
- Declaration of trust ( if the authorized person is opening the account)
For more information about the required documents, please contact XM support team from XM Official Website.
Are the fund and information safe with XM?
At XM, Integrity is not simply a word—it is a mantra. it is a sacred word that they repeat to themselves day and night as XM handles the funds of all traders.
It is, without a doubt, XM’s uppermost priority to ensure the safety and security of its clients’ funds.
XM is always hyper-aware of the importance of safety of funds.
This approach is always noticeable in the way XM does business and the way they carry out transactions.
What XM does for Fund safety?
With XM, Clients’ funds are separated and maintained secure in various accounts and in different banks.
They are available only to the client himself/herself, and only the client can dictate what is to happen with them, i.e. any transactions—such as requesting to withdraw money – needs to be pre-arranged and ordered by the client.
Furthermore, XM uses a state of the art secure online billing system that utilizes a multiple secure socket layer technology as to make certain that any transaction data is protected.
On top of that advanced encryption technology is also used for all data transfers.
XM also maintains a comprehensive, full scope insurance policy as to guarantee safety of XM’s clients’ funds.
XM always holds a corporate net account balance with capital in excess of standard regulatory requirements.
XM MT4 and MT5 trading platforms
XM provides the online trading service through 2 of the most popular trading platforms in the world, which are MT4 (MetaTrader4) and MT5 (MetaTrader5).
Both platforms are available for free and compatible with various devices.
To trade with XM, it is necessary to download (or access to the web-trader of MT4 and MT5).
XM MT4 and MT5 will be the base platforms where you can monitor the market, manage trades and place orders.
Download XM MT4 and MT5 platforms
Compatible devices of XM MT4 and MT5
XM’s MT4 and MT5 platforms are compatible with any popular devices, you can also download them on multiple devices to trade simultaneously.
1. XM MetaTrader4 and MetaTrader5 for PC
XM’s Forex trading software has won numerous awards, offers trading experience, free charting and analysis tools as well as the ability to research technical indicators and automate your online trading activity.
2. XM MT4 an MT5 Webtrader – Trade Anywhere (no download required)
XM’s Web Trader is the perfect solution for those seeking quick-and-easy access to a trading platform with full market functionality.
XM’s Web Trader allows traders to use the Web based award-winning interface that parallels the versatility found in the standard use of a MetaTrader account.
XM’s Webtrader is now available on the “small screen” too.
The easy to use web interface is now a pocket’s reach away and is compatible with virtually any web-enabled device.
3. XM MetaTrader4 and MetaTrader5 for iPhone and iPad
Here’s one more thing you can now do with your iPhone. Trade with XM anytime and anywhere.
The XM’s MT4 and MT5 iPhone app allows you to trade on-the-go and grants you full access to all the trading features you may need.
XM mobile Forex trading software can be installed on your mobile device, allowing you to trade from anywhere and at anytime.
4. XM MetaTrader4 and MetaTrader5 for Android
Trading is now at the tip of your fingers-at all times.
Android devices are now compatible with the latest technology of XM’s mobile trading.
XM offers versions that can be used on popular cell phones and PDA’s.
5. XN Multi-Terminal
The XM’s MultiTerminal MT4 trading platform is designed for managing multiple forex trading accounts simultaneously.
It provides the practical approach for account managers and traders who handle multiple concurrent accounts.
Why you should choose XM to trade Forex?
XM is the best gateway to foreign currency trading and the forex market, with superbly professional real-time trade execution and liquidity services.
Why trade with XM? There are many reasons and we have picked up some of them here.
- XM MT4 and MT5 for any types of traders
XM presents a unique trading experience through a unique visual and user friendly platform geared towards both novice and professional traders and equipped with a huge array of forex trading and financial market analysis tools.
- Free Education and Tools
XM offers all the educational tools for its traders to learn, practice, and trade in the forex market. These include forex guides, forex video tutorials and informative forex forums.
- Superior Trading Conditions
XM provides traders with the best trading conditions which include low margin requirements, multi leverage options, hedging opportunities and spreads as low as 0.0 pips for major currency pairs.
- Variety of Trading Tools and Options
XM has formed a strong international forex trading community with unique tools from which every trader can benefit.
- Multilingual Support for 24/5
XM guarantees to put its traders first by offering constant multi-lingual customer care through various communication channels such as phone, chat and email.
- XM supports NBP (Negative Balance Protection)
XM limits its clients’ risk to deposited funds alone. XM’s refined dealing procedures and expertise are in place as to make sure that XM’s traders cannot lose more than the current balance of their deposits.
- Smooth Investment Procedure
XM prides themselves on the excellence of the executions. XM is efficient in opening new accounts and handling client funds (such as deposits and withdrawals).
Invest in Forex with XM
The Foreign Exchange market is a market where currencies of nations are being traded.
There are four main trading centers—London, New York, Tokyo, and Singapore—and due to the different time zones the Forex market (in global terms) is open 24 hours a day, 5 days a week.
Since currencies are simultaneously bought and sold, an investment increases or decreases in its value depending on the currency’s movements.
Various reasons cause fluctuations in the exchange rates; these can either be actual monetary flows or expectations of changes in monetary flows.
Now what does the forex market have to offer you?
- Large Liquidity
The foreign exchange market is the largest financial market in the world with a daily turnover of just over $3 trillion. The enormous volume of daily trades means that under normal market conditions you can buy and sell currency as you please.
- There’s no Such Thing as a Falling Market
In the forex market currencies are traded against each other, which means that all profit and loss is relative and one can achieve both whether a currency is going up or down.
All anyone needs to take part in the forex market is a computer with an internet connection.
Invest in Stocks (Shares) with XM
XM is a CFD provider that allows you as a trader the accessibility to a wide variety of popular shares traded instruments on ASX, DAX, NIKKEI, NASDAQ and many more.
The combination of CFDs and the variety offered allows you to invest less money in more instruments than if you were trading shares directly.
This is a great opportunity for those who enjoy variety of instruments and diversification of their portfolio.
If you have any further questions in regards to CFDs, XM’s professional team can help assist you with your inquiries and get you started.
Merits of investing in Stock and Index CFDs with XM
Contracts for Difference, otherwise known as CFDs, are an alternative way of trading shares.
In essence, the CFD is a contract between yourself and the CFD provider, where you agree to buy or short sell a product at a certain price, and depending on the movement in the market, you will sell or buy that product with a profit or loss.
CFDs allow you to trade the price of a share that is expected to go up in value (long position) or down in value (short position).
Your profit or loss is determined by the difference between the price you bought the instrument and the price you sell.
You can use CFDs to your advantage if you think a share’s value will go up or down.
The advantage of trading shares through CFDs is that you only pay a small percentage of the value of the instrument, called a Margin, unlike if you would trade and own shares directly, which then you would have to pay the total price of the instrument plus brokerage.
Although with CFDs you pay only a Margin, your profit, and loss, is as if you owned the share itself.
MAM and PAMM – Money Manager platform
Money managers and registered CTAs may take advantage of XM’s advanced Forex trading software.
XM offers money managers intuitive institutional trading platforms, the MT4 and MT5 Multi Manager.
XM’s institutional platform allows you to place trades for multiple clients with one click instead of a dozen.
You can now bypass the tedious aspects of account management and focus on your trading strategy.
XM also offers an easy to use multi-account management interface, allowing you to monitor and trade on each account individually or all at once.
XM also offers comprehensive reporting tools for monitoring and analyzing your clients’ accounts.
XM provides clients with a flexible allocation structure, allowing money managers to specify how trades are divided amongst their clients, either on an equity-based, notional-based or customized basis.
XM features Percent Allocation Management (PAM) functionality, whereby each individual trader is allocated a percentage of the total traded position in proportion to his or her account equity.
The risk and reward are thereby equally shared amongst all the trader’s accounts.
CFD Service. Your capital is at risk.
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