XM.com Sign Up Guide – How to Register a New Account

XM.com is one of the most established forex and CFD brokers in the world, serving over 15 million clients across more than 190 countries. The broker is renowned for its transparency, competitive trading conditions, and access to a deep collection of market products. With a wide range of account types, XM provides flexibility for traders at all levels.

One of the reasons XM remains a preferred choice among global traders is its simple and secure account registration process. Whether you are opening a demo account or setting up a live trading account, XM ensures that the entire process is straightforward.

This step-by-step XM.com sign-up guide will walk you through how to register a new account on XM for both a demo account and a live trading account.

Demo vs Live Account at XM

Before you begin, it’s important to understand the difference between XM’s demo and live accounts. Both serve specific purposes and cater to different stages of a trader’s journey:

• Demo Account - A demo account is a risk-free practice environment funded with virtual money. It perfectly replicates the live trading conditions, allowing traders to test strategies, familiarise themselves with the trading platforms, and understand market dynamics without any financial risk. It is an invaluable, pressure-free tool for building confidence and competence.
• Live Account - Here, trading involves real capital, with actual profits and losses affecting actual finances. Live trading introduces real-market factors like execution speed and emotional pressure, which can significantly affect decision-making. This environment presents genuine opportunities alongside tangible risks.

In summary, a demo account is ideal for education and practice, while a live account is for those ready to commit real funds. It's important to note that while a demo account is excellent for learning mechanics, it cannot fully simulate the psychological challenges of live trading.

Opening an XM Demo Account

Opening a demo account with XM is quick and easy. The process can be completed entirely online in just a few minutes. Here are the steps to follow:

Step 1: Visit the Official XM Website

Go to www.xm.com using your preferred browser. On the homepage, click on the Get Started button located at the top of the page. This will take you to the account registration form.

74.3% of retail investor accounts lose money when trading CFDs with this provider.

Step 2: Complete the Registration Form

You’ll be required to provide some basic details about yourself. You will first select your country of residence, provide your email, and set a password. Here, you will also be asked to enter a partner code if you have one. For example, you can apply our partner code, which is 8YVDR. Once done, click Register to continue.

Step 3: Verify Your Email

When you click on Register, XM will send you an email prompting you to verify your email address. Click on the Verify Email to continue. You will be redirected to a Login Page to continue the process.

Step 4: Access Your Demo Account

After email verification, log in to the XM Member Area, where you will be given a short tour. After the short tour, you can instantly access your demo account, which is typically pre-loaded with virtual funds. Simply click on the button at the top of the page labelled Real. From the panel that appears, click on Demo to switch to your demo account.

That’s it. You now have a demo account on XM that comes preloaded with $10,000 in virtual currency. You can manage this account by setting the balance you wish to start with, changing the name, leverage, and even the password. By default, the demo account that you will have access to is a standard account. However, traders have the option to open an additional Ultra Low Account if they wish.

Opening an XM Live Trading Account

A live account unlocks the ability to trade with real money and access XM’s full suite of services. Trading on the live market involves risk, so ensure you understand these before depositing funds. The live account process is slightly more detailed due to regulatory requirements, but it remains simple. The first few steps are identical to those involved in opening a demo account. Here is a guide to get you started:

Step 1: Visit the Official XM Website

Open your preferred web browser and go to www.xm.com. On the homepage, locate and click the Get Started button at the top of the page. This will redirect you to the account registration page.

74.3% of retail investor accounts lose money when trading CFDs with this provider.

Step 2: Fill Out the Registration Form

Next, you’ll need to enter some basic personal information. Begin by selecting your country of residence, then provide your email address and create a password. If you have a partner code, you can enter it in the provided field. Here at TradingBeasts, we have our own partner link, which is 8YVDR. After filling in the details, click Register to proceed.

Step 3: Verify Your Email Address

Once you’ve submitted the form, XM will send a verification link to your registered email address. Open the email and click on Verify Email to confirm your account. After verification, you’ll be redirected to the login page to continue the sign-up process.

Step 4: Verify Mobile Number

XM will automatically create a real standard trading account once you verify your email. However, before you are able to trade in the live market, you first need to complete your profile. You will first need to verify your phone number. XM will send a code to your number, which you will need to enter to continue.

Step 5: Complete Your Profile

The next step is to complete your trader profile. Here, you will first need to provide your full name and date of birth. Provide these details accurately and click on Continue.

Step 6: Provide Address Information

You will be taken to a page that will request your address information. You will need to provide your Address, your City/Town, Street Number, and Postal Code. Make sure you provide accurate information in this and the previous section for the best experience during the verification process. Click Continue once you are done.

Step 7: Provide Investor Details

The next page will request some investor details from you. This information helps the broker determine how fit you are to trade the financial products that it provides. You will first need to confirm whether you have had any forex education or traded at least 15 times in derivative products. If you have, click yes to continue.

Step 8: Verify Your Identity

To make your account fully active for live trading and withdrawals, XM must verify your identity and residency, a process known as KYC. The broker is required to verify the identity of each customer as part of Anti-Money Laundering regulatory laws.

As part of this verification process, you will need to provide photos of your identity (government-issued ID, passport, or driving license) and proof of residence (utility bill or bank statement not older than 3 months) documents. You may also have to provide a photo of your face (selfie).

Step 9: Configure Your Account

As mentioned, XM will automatically create a standard account for you during the registration process. You can configure this account to fit your needs, or you can open a new account if you wish. Either way, you will be able to set the name of the account, the leverage, and the trading account password.

If you choose to open a new account, you will be able to select which account type you wish to use. The broker offers the Standard, the XM Ultra Low account, and the Shares account for clients outside the EEA. For those in the EEA, there are only two accounts available, including the Ultra Low account and the Zero account.

Step 10: Fund Your Account

Once your account is approved (which is often very quick), you can proceed to make a deposit. XM offers a wide variety of funding methods, including credit/debit cards, bank wire transfers, and a vast array of local and international e-payment solutions.

The minimum deposit is as low as $5 for the Standard, XM Ultra Low, and Zero accounts. The Shares account requires a minimum deposit of $10,000. The broker supports a variety of local and global payment methods, including Wire Transfers, Skrill, Neteller and Credit and Debit cards and in some regions also crypto such as USDT.

Step 11: Start Trading Live

After funding your account, you’re ready to start live trading. You can download the trading platform (MT4, MT5, or the XM App), log in with the details the broker will provide, and start trading. Alternatively, you can use the web platform, which does not require any download.

What XM Offers to Traders

XM is a highly regarded global broker that offers access to over 1,400 market products. It allows clients to trade CFDs on forex, equity indices, shares, cryptocurrencies, commodities, precious metals, stocks, and energies. The trading platforms available to use include MetaTrader 4, MetaTrader 5, and the XM App.

When it comes to pricing, XM maintains highly competitive spreads across its various account types. The Standard account offers spreads from as low as 1.6 pips for major currency pairs, with no commission charged. In contrast, the XM Ultra Low account offers tighter spreads from 0.8 pips for major currency pairs, also without a commission.

Further, the zero account, accessible only to traders in the EEA, features spreads from 0.0 pips but charges a commission of $3.5 per side per lot.

XM’s Credibility and Regulation

It is very crucial to consider the credibility of a broker before committing to invest with them. Fortunately, XM is a well-regulated broker, operating under the regulatory oversight of various organisations. These include the DFSA in Dubai, the CySEC in Cyprus, and the FSC in Belize, among others. This multi-jurisdictional regulation ensures adherence to strict financial standards and client fund safety protocols.

In addition to its robust regulatory framework, XM is globally acknowledged as a dependable broker. It currently serves over 15 million clients in more than 190 countries. This is a powerful testament to its reliability and dedication to fostering client confidence.

Final Comments

Opening an account with XM.com is a straightforward and user-friendly process, reflecting the broker's client-centric approach. The demo account offers a risk-free way to learn the platform and test strategies, while the live account gives traders full access to global markets with competitive spreads and flexible leverage options.

Always remember that trading CFDs and Forex involves a high level of risk and may not be suitable for all investors. It is crucial to fully understand the risks involved and never invest more capital than you can afford to lose. Utilising the demo account to build a solid foundation is a highly recommended first step before engaging in live trading.