Open account with XM. Table of Contents
- How to open Forex trading account with XM?
- What documents are required to verify XM account?
- Get XM's Bonuses one by one
- Which Financial Markets do you invest with XM?
- Safety of Funds with XM
- Learn to trade and Stay informed
How to open Forex trading account with XM?
To open a Forex trading account with XM, follow the steps below.
- Go to XM Official Website
- Click on “OPEN AN ACCOUNT”
- Fill in the required fields with personal information
- Receive confirmation email from XM
- Receive login credentials of XM account
- Login to XM’s members area
- Make a deposit and download XM’s trading platform
- Login to XM’s platform and start trading
In XM’s members area, you can also see the options to participate in XM’s bonus promotions and trading contests.
To get bonuses you also need to complete account verification with documents.
Visit the page here for the list of XM’s all bonus promotions and trading contests.
What documents are required to verify XM account?
The account verification with documents is required by all Forex brokers which are regulated and licensed.
To get XM’s bonuses and participate in contests, you are also required to complete the account verification with documents.
Here are the 2 main documents which are required for account verification.
- A color copy of valid passport or other official identification document issued by authorities (e.g. driver’s license, identity card, etc).
- A recent utility bill (e.g. electricity, gas, water, phone, oil, Internet and/or cable TV connection, bank account statement) dated within the last 6 months and confirming your registered address.
The identification document must contain the client’s full name, an issue or expiry date, the client’s place and date of birth or tax identification number and the client’s signature.
For more information about the required documents for XM’s account verification, visit the page here.
Get XM’s Bonuses one by one
Once you have completed the account opening and account verification by following instructions above with XM, you will be ready to start participating in XM’s promotions and receive bonuses.
There are various bonus promotions that XM offers for its traders.
The available offers maybe different depending on the jurisdiction you are in.
In general, there are 3 main bonus promotions available by XM Trading and XM Global brands.
With XM, you can first receive the $30 No Deposit Bonus for free, and up to 50% trading bonus on your deposits, and finally the XMP through XM’s loyalty program which works similar to cash back bonus.
Follow the 3 steps below to participate in XM’s all bonus promotions.
1. $30 No Deposit Bonus
XM’s $30 No Deposit Bonus is recommended for traders who are new to the Forex market.
Through this promotion, you can get $30 for free without making a deposit.
XM’s $30 No Deposit Bonus is given to your live trading account, so you can start trading Forex and CFDs online without risking your own funds.
XM’s $30 No Deposit Bonus is great to tryout XM’s trading environment before investing your own money.
$30 is still relatively a small amount, but enough to place trades on XM MT4 and MT5 platforms by utilizing the high leverage.
If you are not interested in trying out the trading environment with the bonus, but want to directly start trading with your own funds, then go to the next promotion of XM.
You can find out more about XM’s $30 No Deposit Bonus promotion in the page below.
XM $30 No Deposit Bonus details
2. 50% and 20% Deposit Bonus
XM’s 50% and 20% Deposit Bonus is a trading bonus which you can use to increase the trading volume in your live trading accounts.
XM’s 50% and 20% Deposit Bonus will be credited to your deposits.
You can receive 50% trading bonus up to $500 and then 20% trading bonus up to $4500 thus the total trading bonus amount you can get is $5000.
Once you received XM’s 50% and 20% Deposit Bonus, you can use them to increase the trading volume as the bonus amount will support your trading with extra margin.
You cannot withdraw the amount of XM’s 50% and 20% Deposit Bonus as your profit, but the bonus can only be used for trading purpose.
For more information about XM’s 50% and 20% Deposit Bonus promotion, visit the page below.
XM 50% and 20% Deposit Bonus details
3. Loyalty Program
XM’s Loyalty Program works similar to cash back rebate promotion.
By participating in XM’s Loyalty Program, you will receive XMP (XM Points) every time you trade on XM’s live trading accounts.
The accumulated XMP in your XM’s members area can be converted to “trading bonus” which will be credited to your live trading accounts and you can use them for trading purpose.
Within XM’s Loyalty Program, there are 4 levels and your profile will be upgraded to higher levels by trading longer period with XM.
For more information about XM’s Loyalty Program, visit the page below.
We have summarized the FAQs about XM’s trading service and account opening. Visit the page here for more.
For the list of XM’s all bonus promotions and trading contests, visit the page here.
Which Financial Markets do you invest with XM?
The rise of the global financial markets, has provided both wealth and risk to almost every part of the world.
There are literally countless investment opportunities within the financial markets available daily.
XM will provide you with the access to help you realize your investment targets through a wide selection of financial products.
Which financial market do you want to invest in with XM?
See 3 of the most popular financial markets here.
1. Forex Currency Pairs
Foreign exchange is the largest and the most popular financial market in the world.
On XM MT4 and MT5, Forex currency pairs remain the most popular market to trade.
Forex market offers deep liquidity at almost all times.
The deep liquidity has many benefits for traders such as tight spread, high volatility and low possibility of slippage.
Especially the major currency pairs such as EUR/USD and USD/JPY are mainly traded by day traders.
2. Precious Metals
Precious metals are some of the most dynamic commodities in the world. Every day Gold and Silver prices are affected by a multitude of factors against the USD which include supply and demand, geo-politics and economics, all of which come together to provide exciting daily opportunities.
Make your portfolio shine with XM through the following features:
- Trade metals in the highly liquid Over the Counter market.
- Enjoy more trading flexibility without rollover dates or physical deliveries.
- Increase your profit margins with tight spreads.
- Increase your purchasing power with margin trading.
- Expert team of Personal Brokers and Market Specialists to assist you.
3. Stock Index CFDs
CFDs are financial derivatives that allow you to take advantage of daily price movements of global commodities, energies, and indices from your online platform.
Trading CFDs means you can participate in the global futures market without taking on physical delivery of the underlying asset or paying costly margins to hold it.
Trade CFDs with XM and benefit from the following:
- Low margins offer you higher purchasing power with your principal.
- Ability to dissect contracts into smaller sizes, offering more flexibility.
- Speculate on daily price movements without the worry of physical delivery.
- Receive dividend adjustments from holding Indices and/or CFD shares
- Daily market reports and analysis tools to make sure you make the right trading decision.
Safety of Funds with XM
Due to XM’s regulation obligations, XM maintains risk management systems and internal control functions to ensure company financials consistently meet regulatory requirements and liquidity levels.
XM abides by all local financial laws and regulations related to the offering of authorised financial products to clients.
XM also complies with regulation mandates that all internal controls and processes must be sufficient to mitigate risks the firm may be exposed to, whilst protecting XM clients’ best interests at the same time.
All clients can withdraw any or all of their funds from their trading accounts at any time without any delay as long as said withdrawals are requested within operating hours.
1. Segregated Bank Account
XM treats its clients’ accounts and funds with the utmost level of responsibility.
All XM clients’ trading accounts are maintained independently of each other and each client trades on a trading account assigned and labeled to him or her.
All client funds are held in client segregated trust accounts that ensure that funds are completely separated from company operational funds and reserves.
XM will never use any client funds for operational or corporate purposes as dictated by the law.
2. Anti Money Laundering (AML) Policy
XM is committed to practicing a clean business model which includes only accepting clients and funds that adhere to strict Anti-Money Laundering conditions.
All clients are cross checked on both an Operations and Compliance level against local and international watch lists prior to account approval.
This includes due diligence on the identity of the client, the client’s profession, source of funds and method of deposit.
In addition, XM’s Chief Compliance Officer ensures that all clients are classified with a risk level which serves as an early warning system against any illegal conduct related to money laundering.
Furthermore, all financial transactions are periodically and thoroughly screened to identify any suspicious behavior that might pose a risk to the firm and XM clients.
In the event of any suspicions about the activities of a certain client, additional documentation related to the client’s profession and sources of funds are requested to remove any suspicions of wrongdoing.
Aside from XM’s Compliance Unit, they have instilled in all its staff members a sense of regulatory responsibility by way of comprehensive training on Board mandated Policies and Procedures that govern daily operations as well as intensive coaching on the Anti-Money Laundering and Counter Terrorism Finance (AML/CTF) Manual that guides our AML efforts.
This allows XM to reject any account applications that do not meet XM’s high standards of AML, protecting the firm and XM’s clientele from any regulatory transgressions.
3. Corporate Governance
XM, through its Board of Directors and Management firmly believes in the principle of strong and capable Corporate Governance in order to sustain the company’s growth, in an attempt to provide more and more aspiring investors with exemplary service in the financial markets.
This method of governance aims to improve corporate performance on all fronts through the projection of fair business, transparency and ethical dealing in all XM’s activities.
This includes the continuous training and education of all XM’s staff and members of management in order to maintain a high level of professionalism in all aspects of XM’s client oriented services.
In addition, all company activities are undertaken under a blanket of internal controls meant to protect the firm from any operational risk that may result and which would jeopardize the firm’s ability to continue offering superior financial services.
With XM’s sound governance, they hope to inspire XM’s clients with the same confidence that has allowed XM to grow and place itself at the forefront of the regional financial services industry.
Learn to trade and Stay informed
The Research and Tools section is an investors’ best friend throughout the trading day.
From real time breaking news to market levels, the page will keep you informed around the clock with the latest happenings across the financial world.
Keep up to date with the technical aspect of the market, whether you are a short term day trader or a long term investor.
1. XM Daily Market Report
The daily newsletters provide you with the latest technical updates, in English and Arabic on some of the most traded instruments globally.
The timing is even more essential as they are sent out with London’s market already underway yet US markets are not open just yet, giving you enough time to plan your next trade
Sign up now and receive XM’s daily newsletter with unparalleled insight and analysis on some of the most traded instruments in the world.
2. MT4 Indicator
Whether you are constantly monitoring your trading platform or prefer a more direct form of analysis, the MT4 plugin provides you with real time updates as they happen, right on your chart.
Stay informed with the Trading Central MT4 indicator, providing you with real time technical updates directly on your charts.
3. Economic Calendar
The key to successful trading is anticipating how events affect market movements. Our Economic Calendar keeps you updated with the expected economic news releases for the day so you can make the right trade at the right time.
4. XM Members Area
The XM Members Area provides you with essential information that will prove vital to your next trade.
Whether you are keeping track of current market sentiment, assessing volatility across major instruments or simply checking main market movers, the dashboard has it all.
The XM Members Area provides you with your own user friendly interface along with current and archived technical analysis updates, allowing you to access a wealth of information across many popular products while covering all asset classes.
Access a full range of analytical tools including candlestick formations and technical updates through your own customizable web portal.
Please check XM official website or contact the customer support with regard to the latest information and more accurate details.
XM official website is here.
Please click "Introduction of XM", if you want to know the details and the company information of XM.
HotForex Monthly Demo Trading Contest
Comment by Sam
October 13, 2022
Thanks Erica, your response was helpful