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 a step-by-step guide on how to sign up at XM.com. So let's get right into finding out how to register a new XM.com account.

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, here is what signing up for a new XM.com account looks like.

 

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

72.89% of retail investor accounts lose money when trading CFDs with this provider.

2# Step - On the homepage of the broker click either open a demo account or open a live account.

 

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

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

72.89% of retail investor accounts lose money when trading CFDs with this provider.

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 first and last name, phone number etc.). Remember that you have to fill in the correct information, otherwise, you might get into some unnecessary troubles when depositing and withdrawing funds later on. Once you fill in your personal details, you can choose what entity you want to trade with. The XM group operates under 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 much higher - 1:1000. Both entities feature negative balance protection and segregation of clients' funds from their own. To traders from the European Economic Area, we strongly recommend trading with the CySEC-regulated entity.

Once you choose 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 what account type you want to trade with. 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 the 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.

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