Opening an XM trading account is straightforward when you know the steps. This guide will walk you through the full process — from choosing the right account type to completing identity verification (KYC), funding your account, logging into MT4/MT5, and avoiding common mistakes. We also include tips for new traders and a checklist so you can get started confidently.
Quick start (1‑2 minute overview)
- Click the official XM sign-up link: Open an XM account (affiliate).
- Complete the online registration form with your name, email and phone.
- Choose account type (Micro, Standard, XM Ultra Low) and platform (MT4/MT5).
- Verify your identity with passport/ID and proof of address (KYC).
- Deposit funds using your preferred payment method and start trading.
Pro tip: Use our in-depth steps below if this is your first trading account — and bookmark this page at TrustedFX Trading for ongoing guides and broker comparisons.
Why open an account with XM?
XM is a well-known international forex & CFD broker that offers a range of account types and both MT4 and MT5 platforms. Traders often choose XM for its low minimum deposit options, wide instrument coverage, and client support. However — like any broker — make sure the product, leverage, and regulatory terms fit your jurisdiction and risk tolerance before depositing funds.
Step‑by‑Step: How to register for an XM account
Step 1 — Prepare your documents
Before you begin, prepare digital copies (clear photos or scans) of:
- Government‑issued ID: passport, national ID, or driver’s license.
- Proof of address: utility bill, bank statement, or government letter dated within the last 3 months.
- Payment source (optional but recommended): screenshot of e‑wallet or bank card (cover the middle digits if shown).
Step 2 — Start the registration
Visit the XM registration form via our affiliate link to ensure you can access promotions (if available): Open an XM account.
Fill in the required fields: full name, email, phone number, and country of residence. Choose a password you haven’t used elsewhere and enable two‑factor authentication (2FA) later for better security.
Step 3 — Choose account type & base currency
XM offers multiple account types — typical choices include:
- Micro Account: small lot sizes — good for beginner position sizing.
- Standard Account: standard lot sizes with balanced spreads.
- XM Ultra Low: tighter spreads for larger traders.
Select the base currency (USD, EUR, GBP, etc.) carefully — changing it later may incur conversion fees. If you plan to deposit in your local currency, choose the closest base currency to minimize conversion costs.
Step 4 — Choose your trading platform (MT4 or MT5)
XM supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5). If you want more advanced charting, instrument coverage, and built‑in economic calendar, choose MT5. MT4 remains popular for expert advisors (EAs) and legacy scripts. You can open accounts for both platforms if you wish to test each.
Step 5 — Complete the KYC and upload documents
After registration, you’ll be asked to verify your identity. Upload your ID and proof of address within your XM dashboard. Document checks typically complete within a few hours to a couple of business days — speed depends on document clarity and compliance checks.
Step 6 — Deposit funds
XM supports multiple funding methods (credit/debit card, bank transfer, e‑wallets). Choose the method that is most convenient and cost‑effective for your country. Note the following:
- Minimum deposit varies by account type and promotion.
- Processing time can range from instant (cards, e‑wallets) to 1‑5 business days (bank transfers).
- Retain deposit receipts for verification or future withdrawals.
Important: For deposits using a third‑party card or account, XM may require additional documentation to confirm ownership.
Step 7 — Install MT4/MT5 and login
Download the MetaTrader client (desktop, mobile, or WebTrader) from the XM dashboard. Use the login credentials provided (Account ID and server) to connect. If you have trouble connecting, ensure you selected the correct server (live vs demo) and allow necessary network permissions on your device.
Common problems & troubleshooting
Verification delays
If verification takes longer than expected, double‑check that your documents are clear, all corners are visible, and the file size/type meet XM’s requirements (commonly JPG/PNG/PDF). Contact XM support with your registration ID for status updates.
Login issues
Common fixes:
- Ensure you use the correct server and account type (demo vs live).
- Reset your password via the email used during registration.
- Disable VPNs during initial login if the broker triggers geo‑validation.
Security & best practices
- Enable two‑factor authentication (2FA) where possible.
- Use a strong, unique password and a password manager.
- Keep KYC documents private; only upload via the broker’s secure portal.
- Start with a demo account or a small live deposit to test execution & spreads.
Fees, commissions & leverage — what to check
Before trading, check XM’s fee schedule for spreads, commissions (if any), overnight (swap) rates, and maximum leverage options for your jurisdiction. Brokers adjust leverage to comply with local regulation — the available leverage you see during registration may vary depending on your country.
How to withdraw funds from XM (short guide)
Withdrawals typically use the same method as deposits when possible. To withdraw:
- Log into your XM member area.
- Select “Withdraw” and choose your payment method.
- Enter withdrawal amount and confirm. Withdrawal processing times depend on the method and bank policies.
Useful checklist before you start trading
- Account verified (KYC completed).
- Deposit method tested with a small amount.
- Trading platform (MT4/MT5) installed and connected.
- Demo account tested for order execution (if new).
- Risk management rules in place (stop loss, position sizing).
Frequently Asked Questions (FAQ)
- Is XM safe to use?
- XM is a widely used broker with multi‑jurisdiction presence. Safety depends on licensing and your country’s coverage — always check the broker entity applicable to your country and read the client agreement.
- How long does XM verification take?
- Verification usually completes within 24‑72 hours if documents are clear. In busy periods it may take longer.
- Can I open multiple XM accounts?
- Yes — most traders open separate accounts for demo, micro, and standard trading. Ensure you follow XM’s terms regarding multiple accounts.
- Do I need to provide proof of income?
- Generally no for retail accounts, but XM may request additional documentation if checks require it or if you apply for a professional account.
Final thoughts & next steps
Opening an XM account is straightforward if you prepare documents and follow the steps above. After your account is set up, use a demo account to practice, confirm your trading plan, and only risk capital you can afford to lose.
If you’d like to proceed now, you can open an account with XM using our affiliate link: https://affs.click/rQeQ2. Using this link supports our independent guides at TrustedFX Trading at no extra cost to you.