How to Open an XM Account: Step-by-Step Guide

XM is a globally trusted forex and CFD broker, offering trading on MT4, MT5, and Members Area. This guide provides all the steps you need to successfully sign up, verify, fund, and start trading on XM.

Step 1: Visit XM Official Website

Go to the official XM website: www.xm.com. Always ensure you are using the official website to avoid phishing sites.

Step 2: Click "Open Live Account"

Locate the “Open Live Account” or “Sign Up” button and click it to access the registration form.

Step 3: Fill Personal Details

• Full Name (as per passport or ID)
• Email Address
• Mobile Number
• Country of Residence

Step 4: Choose Account Type

• Standard Account: Competitive spreads for general trading.
• Micro Account: Smaller trade sizes, ideal for beginners.
• XM Zero Account: Ultra-low spreads for professional traders.
• Shares Account: Specialized for stock trading with fixed commissions.

Step 5: Select Trading Platform

• MT4 (MetaTrader 4): Classic and widely used trading platform.
• MT5 (MetaTrader 5): Advanced platform with additional features, including stock trading.

Step 6: Choose Base Currency & Leverage

Select your account currency (USD, EUR, GBP, etc.) and preferred leverage. Remember, higher leverage increases both potential profits and risks.

Step 7: Agree to Terms & Conditions

Read XM’s terms, privacy policy, and risk disclosure. Tick the box to confirm agreement.

Step 8: Submit Registration

Click Submit. You will receive your login credentials via email.

Open Your XM Account Now

Step 9: Verify Your Account (KYC)

Upload documents for verification:

• Proof of Identity: Passport, national ID, or driver’s license
• Proof of Address: Utility bill, bank statement, or government-issued document (dated within 3 months)

Verification usually takes 24–48 hours. Once approved, your account is fully active.

Step 10: Fund Your Account

Deposit funds via:

• Bank transfer
• Credit/Debit card
• E-wallets like Skrill or Neteller
• Local payment options depending on your country

Step 11: Start Trading

Once verified and funded, you can log in to MT4/MT5 and start trading forex, commodities, stocks, indices, and cryptocurrencies. Use the Members Area to manage your account.

Tips for a Smooth Sign-Up

• Ensure personal information is accurate.
• Upload clear, valid documents.
• Choose account type and platform according to your goals.
• Understand leverage and risk.
• Enable two-factor authentication (2FA) for security.

Frequently Asked Questions

Can I open multiple XM accounts?

Yes, multiple accounts are allowed under the same Members Area, but each must be verified.

How long does verification take?

Verification typically takes 24–48 hours after submitting documents.

Is there a demo account option?

Yes, XM offers demo accounts to practice before trading with real money.

Sign Up / Open XM Account Now