Can I receive account opening bonus in additional account?
No, you cannot receive account opening bonus in additional account. Account opening bonus can be received only in the newly opened real account. On the other hand, deposit bonus is calculated by accounts under your name, therefore it is receivable upto the limit in additional account except zero account.
2021.12.27
Can I close my additional account with XM?
Yes, XM additional account can easily be closed from Members Area. After login to Members Area, click 'Close Account' from 'Select Option' of the account you wish to close in the list of trading account, then take the procedure.
2021.12.27
What is advantage of opening additional account?
When you open additional accounts, you can use 3 different types of accounts or trading tools (MT4/MT5) for their respective purposes. As you cannot change the settings except leverage ratio after opening account, you can use your accounts for respective purposes by opening additional accounts.
2021.12.27
Is there any necessary documents for opening additional account?
No, if you already have validated real account, you do not need to submit certificates for additional account opening. Set the account conditions you wish (platform, account type, leverage ratio, base currency and the request if you wish to receive bonus), then take the procedure of opening additional account.
2021.12.27
Can I open multiple additional accounts?
Yes, it's possible. Maximum 10 accounts can be opened per person. If you wish to open an additional account, click 'OPEN ADDITIONAL ACCOUNT' after login to Members Area, take the procedure of opening additional account.
I forgot XM demo account password.
If you forget your password of demo account, password reset can be done with XM Support Desk. Demo account password cannot be changed by yourself, so you need to contact XM Support Desk with demo account number, registered mail address and your statement of request to reset password.
2021.12.22
Tell me how to log in to XM demo account on PC.
After activate MetaTrader 4 (MT4)/MetaTrader 5 (MT5) and click 'Login to Trade Account' from 'File' on the upper menu, you will see login information input page. By inputting account information, login to MT4/MT5 will be completed.
2021.12.22
Where can I check login information of XM demo account?
After you open a demo account, you will receive a mail with the subject name, 'Welcome to XM - Your Account Details' and the account number and server name of XM's MetaTrader 4 (MT4)/MetaTrader 5 (MT5) are shown on it. The password' is the one registered by yourself at the demo account opening.
2021.12.22
Is there any valid period with XM demo account?
No, there is no valid period in demo account. Still though once 90 days have passed since the last login to demo account, the account will automatically be closed and not be able to be used. In case you cannot use demo account, just open a new demo account. Which will make you able to use it again.
2021.12.22
Is XM demo account compatible with smartphone?
Yes, XM prepares iOS or Android OS applications which are compatible with MetaTrader 4 (MT4)/MetaTrader 5 (MT5). These are available by inputting demo account information through 'Login to existing account' in application.
2021.12.22
FAQs
How long does it take to open an account?｜XM™? ›
Opening an XM account may take up to 10 minutes in total as the XM broker registration is simple. There are only a few things you need to have, such as an internet connection and a few minutes of your time.
How long does it take to open a XM account? ›After you log in to member page or XM application and submit the required certificates, your account will be validated within 30 minutes to one working day. In order to receive account opening bonus or to start trading you need to validate your account.
How long does it take to verify an XM account? ›How long does it take to verify accounts? Normally, it takes only a business day or two at most brokerages.
What documents are required for XM account? ›Documents Required for XM Verification
Proof of Residence: This can be a utility bill, bank statement, or any official document that shows your name and address. Proof of Payment: This can be a bank statement, credit card statement, or any other document that shows your payment method and account details.
Open Additional Account: Within the XM Members Area, locate and click the "OPEN ADDITIONAL ACCOUNT" button. Provide Account Details: Select platform type (MT4 or MT5) and account type (Standard, Micro, XM Ultra Low Account Standard, XM Ultra Low Account Micro, or Shares Account).
Which XM account is best for beginners? ›In conclusion, the choice between an XM Micro Account and an XM Standard Account depends on your individual preferences, trading style, and financial situation. Micro Accounts are suitable for beginners and those with limited capital, offering smaller lot sizes and lower minimum deposits.
What is the minimum deposit for XM com? ›The XM minimum deposit for Micro Account is 95 ZAR or $5. The Standard & Ultra-low Accounts on XM are full-sized trading accounts and with them you can trade all XM markets in larger volumes (Standard lots). These accounts also have a $5 minimum when it comes to deposits.
How many XM accounts can you open? ›Yes, using the same personal information, you can have up to 8 active trading accounts open simultaneously. To register for an additional account, log in to the Members Area.
Is XM legit or fake? ›XM is not a scam
The monetary loss can set back your investment plans by years. You can rest assured, XM is considered reliable as it is regulated by the top-tier ASIC in Australia. I am a seasoned forex trading expert, with nearly a decade of experience in both manual and algorithmic trading.
Identifying Causes of XM Invalid Account Errors
Common causes of this error include: Incorrect Login Credentials: This is the most common reason for the Invalid Account error. Ensure you are entering the correct MT4/MT5 ID, password, and server address.
Does XM require proof of residence? ›
If you already have an account with us, you can open an additional account via the Members Area, without having to resubmit your documents. If you're a new client, you can upload your documents for verification (i.e. Proof of Identity and Proof of Residence) via the Members Area.
Is XM a good broker for beginners? ›Absolutely! XM emerges as a top-tier choice for novice traders venturing into the world of forex trading. With a plethora of user-friendly features and robust support, XM Group provides an ideal platform for beginners to kickstart their trading journey.
Does XM charge for deposit? ›Instant Funding. All our electronic deposit methods, including credit cards as well as electronic wallets, are 100% automatically processed and funds reflect in clients' accounts automatically. Open a trading account with Zero Fees Now!
How to claim 30$ on XM? ›Here are steps to claim the XM login $30 no deposit bonus: 1️⃣ Step 1: open a real account at XM by registering a real trading account. 2️⃣Step 2: Log in to the Members Area using credentials provided via email to access your XM Members Area. 3️⃣ Step 3: Account verification is required to claim the bonus.
How long does XM withdrawal take? ›XM's procedure and time to show funds arrival after withdrawal claim. Your withdrawal request is processed by our back office within 24 hours. You will receive your money on the same day for payments made via e-wallet, while for payments by bank wire or credit/debit card it usually takes 2 - 5 business days.
How long does it take to get XM bonus? ›The $30 Trading Bonus allows traders to test the quality of our execution in a real trading environment with no investment risk. When you claim your bonus, the amount will be credited to your account instantly to be used for trading.
What is proof of residency for XM? ›Verify your identity and residency. You can upload a copy of your national ID, passport or driver's license to verify your identity, while utility bills and bank statements are accepted as proof of residency.
Is XM deposit instant? ›Instant Funding
All our electronic deposit methods, including credit cards as well as electronic wallets, are 100% automatically processed and funds reflect in clients' accounts automatically. Open a trading account with Zero Fees Now!
