XM.com Sign up Guide – How to register a new account

XM.com is a popular CFD and forex trading broker. Today, we will provide you with 2 step-by-step guides on how to sign up at XM.com (depending on whether you are from the EU or not). So let’s get right into finding out how to register a new XM.com account.

How to sign up at XM.com *

*for traders from the European Economic Area*

1# Step – Visit the official website of the broker XM.com

74–89% of retail investor accounts lose money.

2# Step – On the homepage of the broker click either open a demo account or open an account (a real one)

3# Step – Once you do that a new page with a form will open, looking similar to this one (if you too clicked on opening a real account).

Here, you have to fill in your personal details (like your fist and nast name, phone number etc.). Remember that you have to fill in the correct information, otherwise, you might get into some unnecessary troubles when deposit and withdrawing funds later on. Once you fill in your personal details, you can choose with what entity you want to trade with. XM.com operates with two entities, one is regulated by the CySEC (a financial regulator in Cyprus, Europe) and the other one by IFSC (a regulator in Belize).

The CySEC regulated entity features an Investor Compensation Fund which provides extra protection to all European traders. However, because the CySEC regulated entity has to follow the European ESMA laws, you can trade with only up to 1:30 leverage. The other entity (XM Global Limited), does not feature any investor compensation fund, but the maximum leverage you can use is 1:888.

Both entities feature negative balance protection and segregation of clients funds from their own. With that being said, I would opt for the CySEC regulated option to get the extra protection of a European regulator.

Once you chose the entity, decide on what trading platform you want to trade. XM.com features two: MT4 and MT5. If you don’t know them, either google them or take a look at their features right on the XM.com website. Generally speaking, despite the fact that MT5 is more modern, MT4 is still more popular amongst traders due to its advanced functionality. In this step, you also decide with what account type you want to trade. If you are unsure how they differ, open a new tab and go again to the XM.com homepage, click in the top menu on trading > trading account types.

4# Step – Once you fill in the most basic information about yourself and the trading account details, click on “proceed to step 2”, as soon as you do that, a similar form will appear.

A form that will appear if you chose in the previous step an entity regulated in Cyprus by the CySEC

A form that will appear if you chose in the previous step XM Global Limited, an entity regulated in Belize

All the information broker requires in this step is pretty straightforward, if you are unsure about a certain question, feel free to drop a comment here and I will help you further. Once you fill in everything, click on open a real account.

5# Step – Voila, you have successfully registered a new account at XM.com

After these 5 steps, the broker will provide you with information about how to log into the trading platform and how to make the first deposit to start trading.

How to register an XM.com account *

*For traders outside the European Economic Area

If you are based in South Africa, or any other country outside the European Economic Area, the registration process at XM.com is a bit different, so we will cover it here too.

1# Step – Visit the official website of the broker XM.com

2# Step – On the homepage of the broker click either open a demo account or open a live account (and get 30 free dollars to start with)

3# Step – Once you do that a new page with a new form will open, looking similar to this one (if you too clicked on opening a live account).

4# Step – Once you fill in the most basic information about yourself and the trading account details, click on “proceed to step 2”, as soon as you do that, a similar form will appear.

5# Step – Voila, you have successfully registered a new account at XM.com

74–89% of retail investor accounts lose money.



Michael
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