XM Account Types provides three different account types: Standard account, Ultra-Low account, and Shares account, with a Demo & Islamic account option available.
The minimum deposit to open an account is $5 / R90 ZAR.
Min Deposit USD 5 Regulators FSC, CySEC, ASIC, Trading Platform MT4, MT5
XM Account Types – 8 key points quick overview:
Overview
XM is strictly regulated and supervised by ASIC, CySEC, IFSC, and FCA, respectively which facilitates the trade of several financial instruments spread across numerous assets, including, but not limited to Forex, commodities, cryptocurrency, and various others.
XM provides traders with competitive and comprehensive trading conditions tailored to the needs of various traders despite their level of experience, skill, and knowledge.
XM’s trading conditions are spread across four dynamic account types.
XM At a Glance
| Category | Details |
| Company Information | |
| 🏷️Company Name | XM Group |
| 📍Headquarters Location | Cyprus, Limassol |
| 📅Year Established | 2009 |
| 👤CEO/Founder | Constantinos Cleanthous |
| 🌐Global Offices | Multiple locations globally |
| 🔖Licensing Body | ASIC, CySEC, IFSC DFSA |
| 👥Group Companies | XM, Trading Point |
| 🏛️Business Model | STP (Straight Through Processing) |
| 🌍Operational Languages | Multiple languages including English, Arabic, Spanish, etc. |
| 🏆Awards & Recognitions | Various industry awards |
| Regulation and Security | |
| 🛡️Regulation | CySEC, ASIC, IFSC, DFSA, FCA |
| ✔️Compliance Standards | ISO 9001, MiFID II |
| 💼Client Fund Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🕵️♂️Financial Conduct Oversight | Yes |
| 💰Insurance Coverage | Yes |
| 📋AML & KYC Policy | Yes |
| 🔒Security of Trading Platform | SSL encryption, two-factor authentication |
| 🛡️Investor Compensation Fund | Yes |
| 🖥️Cybersecurity Measures | High-level encryption and cybersecurity protocols |
| Account Types and Features | |
| ⚙️Standard Account | Yes |
| 📊ECN Account | Yes |
| 🌙Islamic Account | Yes |
| 🎮Demo Account | Yes |
| 👑VIP Account | Yes |
| 💵Minimum Deposit | From USD 5 / ZAR 90 |
| 💱Base Currencies | More than 11 (USD, EUR, GBP, AUD, etc.) |
| ⚖️Leverage Options | Up to 1:1000 |
| 📈Spreads (Fixed/Variable) | Fixed or Variable |
| 🔄Swap-Free Accounts | Yes |
| 🌐Account Currency Conversion | Yes |
| 🚨Margin Call Level | 50% |
| ❌Stop-Out Level | 20% |
| 🔄Hedging Allowed | Yes |
| ⚡Scalping Allowed | Yes |
| 🔁Copy Trading Support | Yes |
| 👥Social Trading Features | Yes |
| 💼Managed Accounts | Yes |
| Trading Conditions | |
| 🔍Average Spreads | From 0.1 pips (ECN) |
| 💲Commissions per Trade | From $3 per lot |
| 🔢Leverage Range | 1:1 to 888:1 |
| 🚀Execution Speed | Fast (milliseconds) |
| 📊Order Execution Type | Market execution |
| 🔄Slippage Policy | Low slippage, transparent |
| 📏Margin requirements | Depends on account type and leverage |
| ⏹️Stop-Loss and Take-Profit Orders | Yes |
| 🔁Trailing Stops | Yes |
| 🕑Pending Orders | Yes |
| 🔽Partial Fills | Yes |
| 🧾Dividend Adjustments | Yes |
| 🌙Overnight Swap Fees | Yes |
| 📆Rollover Policy | Yes |
| 🛑Guaranteed Stop Loss | Yes |
| Trading Instruments | |
| 💹Forex Currency Pairs | Yes |
| 🪙Precious Metals (Gold/Silver) | Yes |
| 📈Indices | Yes |
| 🌾Commodities | Yes |
| ⛽Energies (Oil/Natural Gas) | Yes |
| ₿Cryptocurrencies | Yes |
| 📉Stocks | Yes |
| 🗂️ETFs | Yes |
| 🏛️Bonds | Yes |
| 📜Futures Contracts | Yes |
| 🛡️Options Contracts | Yes |
| ⚖️CFDs (Contracts for Difference) | Yes |
| 🔣Swap on Trading Board | Yes |
| 🔀Leveraged Instruments | Yes |
| 🎯Micro-Lot Trading | Yes |
| 💸Spread Betting | No |
| 🧺Currency Baskets | No |
| Deposits and Withdrawals | |
| 💳Deposit Methods | Bank wire, Credit cards, e-Wallets |
| 💵Withdrawal Methods | Bank wire, Credit cards, e-Wallets |
| ⏱️Processing Time for Deposits | Instant |
| 🕒Processing Time for Withdrawals | 1-5 business days |
| 🚫Deposit Fees | No |
| 💵Withdrawal Fees | No |
| 🔢Minimum Deposit Amount | From USD 5 / ZAR 90 |
| 📉Minimum Withdrawal Amount | $5 |
| 🚪Maximum Withdrawal Limit | Dependent on account type and verification |
| 💱Supported Currencies | USD, EUR, GBP, JPY, etc. |
| ₿Crypto Deposits & Withdrawals | Yes |
| 🏦Bank Wire Transfers | Yes |
| 💳Credit/Debit Cards | Yes |
| 📲E-Wallets (Skrill, Neteller, etc.) | Yes |
| 🏘️Local Payment Methods | Yes |
| Trading Platforms and Tools | |
| 💻MetaTrader 4 (MT4) | Yes |
| 👩💻MetaTrader 5 (MT5) | Yes |
| 🖥️Proprietary Platform | No |
| 📱Mobile Trading App | Yes |
| 🌐Web-Based Platform | Yes |
| 🤖Trading Bots | Yes |
| 🖧VPS Services | Yes |
| 🔌API Connectivity | Yes |
| 📉Charting Tools | Yes |
| 🧮Custom Indicators | Yes |
| 🧠Market Sentiment Analysis | Yes |
| 📩Trading Signals | Yes |
| 🏷️Advanced Order Types | Yes |
| ⚠️Risk Management Tools | Yes |
| 📅Economic Calendar | Yes |
| 📰Market News Feed | Yes |
| Customer Support | |
| 📞Support Channels | Live chat, Email, Phone |
| 🗨️Live Chat Availability | Yes |
| 📧Email Support | Yes |
| 📱Phone Support | Yes |
| 🌍Multilingual Support | Yes |
| ❓Help Center/FAQ | Yes |
| 👨💼Dedicated Account Manager | Yes |
| ⏲️Response Time (Live Chat) | Instant |
| 🕒Response Time (Email) | 24 hours |
| ⭐Support Rating | 4.5/5 |
| Educational Resources and Support | |
| 🎥Webinars | Yes |
| 🏫Seminars | Yes |
| 📖Trading Tutorials | Yes |
| 📊Market Analysis Reports | Yes |
| 📚E-Books | Yes |
| 🎬Video Library | Yes |
| 📜Glossary | Yes |
| ❔FAQs | Yes |
| 🆕Beginner Guides | Yes |
| 🚀Advanced Trading Strategies | Yes |
| Partnerships and Programs | |
| 📋IB Program | Yes |
| 🪪Affiliate program? | Yes |
| 🏷️White Label Solutions | Yes |
| 🎁Partnership Rewards | Yes |
| 🏛️Institutional Solutions | Yes |
| 🔌API Partnership | Yes |
| 🤝Referral Program | Yes |
| Fees & Charges | |
| 💳Deposit Fees | No |
| 📤Withdrawal Fees | No |
| 💤Inactivity Fee | Yes |
| 🌜Overnight Fees (Swaps) | Yes |
| 💱Conversion Fees | Yes |
| 💰Commission on Trades | From $3 per lot |
| Market Research Tools | |
| 📅Economic Calendar | Yes |
| 📰Market News | Yes |
| 📩Trading Signals | Yes |
| 🔧Technical Analysis Tools | Yes |
| 💭Sentiment Analysis | Yes |
| Additional Features | |
| 👥PAMM/MAM Accounts | Yes |
| 🔗Social Trading Platform | Yes |
| 🏆Trading Competitions | Yes |
| 🎁Loyalty Rewards | Yes |
| 👑Exclusive VIP Perks | Yes |
| Promotions & Bonuses | |
| 🎁Welcome Bonus | Yes |
| 💵Deposit Bonus | Yes |
| 🏅Trading Contests | Yes |
| 🌟Seasonal Promotions | Yes |
| 🎖️Loyalty Programs | Yes |
| User Experience & Reviews | |
| 🖥️User Interface Quality | 4.5/5 |
| 🔒Platform Stability | High |
| 📱Mobile App Reviews | 4.6/5 |
| ⭐Overall User Rating | 4.5/5 |
| 🌟Trustpilot Rating | 4.5/5 |
| 😟Common Complaints | Limited withdrawal options |
| Mobile | |
| 📱Mobile App Name | XM Trading |
| 🛠️Developer | XM Group |
| 📅Release Year | 2015 |
| 💻OS Compatibility | iOS, Android |
| 🌐Languages Supported | Multiple languages |
| 📈Trading Instruments | Yes |
| 🔄Real-Time Data | Yes |
| 🛠️Charting Tools | Yes |
| 📊Order Types Supported | Yes |
| 🚀Order Execution Speed | Fast |
| 🔔Custom Alerts | Yes |
| 🤝Beginner-Friendly | Yes |
| 🔐Security Features | Yes |
| 🖥️Synchronization | Yes |
| 💰Deposit and Withdrawal | Yes |
| 📝Account Types Accessible | Yes |
| 🔄Switch Accounts | Yes |
| 💬In-App Support | Yes |
| 📚Educational Resources | Yes |
| 🎯Watchlist | Yes |
| 🌙Dark Mode | Yes |
| 🌐Social Trading | Yes |
| AI Trading Resources | |
| 🤖AI Integration | Yes |
| 📊Data Analysis | Yes |
| 📈Predictive Analytics | No |
| 🛠️Customizable Strategies | No |
| 📉Risk Management Tools | No |
| 🧑🏫Trading Insights | Yes |
| 🚀Execution Optimization | Yes |
| 🔄Portfolio Rebalancing | No |
| 📚AI Tutorials | No |
| 🎥Video Demonstrations | No |
| 🧑🤝🧑Webinars | No |
| 🔍AI-Powered Search | No |
| 🌟Beginner-Friendly | No |
| 🖥️Platform Availability | No |
| 📈Backtesting Capability | No |
| 🛠️Strategy Builder | No |
| 🔔Alerts and Notifications | No |
| 🔒Data Protection | No |
| 👁️🗨️Transparency | No |
| Social Media Platformst | |
| Yes | |
| Yes | |
| Yes | |
| Yes | |
| 🎥YouTube | Yes |
| 👉Open Account | 👉 Open Account |
XM Accounts
XM provides traders with competitive and comprehensive trading conditions tailored to the needs of various traders despite their experience, skill, and knowledge level.
XM’s trading conditions are spread across four dynamic account types.
Often, the number and type of accounts a trader can open with a broker company differs depending on the country in which it operates and the regulatory authorities under whose jurisdiction it falls.
In addition, Malay, Polish, Portuguese, and Russian are supported.
In the case of XM.com, they offer trading accounts with exceptional conditions.
Standard Account
Benefits of trading with the XM Standard Account include:
- Base currencies include USD, EUR, GBP, JPY, CHF, AUD, HUG, PLN, RUB, SGD, and ZAR.
- Contract size where 1 lot = 1,000.
- Spreads from as low as 1 pip.
- The minimum trade volume is 0.01 lots.
Moreover, there is a restriction of 50 per ticket.
| 🔎 Accounts | 🥇 Standard Account |
| 💶 Base Currency Options | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR |
| 📈 Contract Size | 1 Lot = 100,000 |
| 📉 Leverage | 1:1 to 1:1000 ($5 – $20,000) 1:1 to 1:200 ($20,001 - $100,000) 1:1 to 1:100 ($100,001 +) |
| 📊 Negative balance protection | ✅Yes |
| 💹 Spread on all majors | As Low as 1 Pip |
| 💴 Commission | None |
| 📌 Maximum open/pending orders per client | 300 Positions |
| 📍 Minimum trade volume | 0.01 Lots |
| ↪️ Lot restriction per ticket | 50 Lots |
| 🚩 Hedging allowed | ✅Yes |
| ☪️ Islamic Account | Optional |
| 💷 Minimum Deposit | USD 5 / ZAR 90 |
| 🚀Open an Account | 👉 Open Account |
Ultra-Low Account
The XM Yltra-Low account has the following features:
- Base currencies include EUR, USD, GBP, AUD, ZAR, and SGD.
- Contract sizes per standard ultra of 1 lot = 100,000 and micro ultra of 1 lot = 1,000.
- Spreads from as low as 0.6 pips.
- Minimum trade volume on standard Ultra of 0.01 lots and micro ultra of 0.1 lots.
There is a lot restriction per ticket, with 50 lots on standard ultra and 100 lots on micro ultra.
| 🔎 Accounts | 🥇 Ultra Low Account |
| 💴 Base Currency Options | EUR, USD, GBP, AUD, ZAR, SGD |
| 📈 Contract Size | Standard Ultra: 1 Lot = 100,000 Micro Ultra: 1 Lot = 1,000 |
| 📉 Leverage | 1:1 to 1:1000 ($5 – $20,000) 1:1 to 1:200 ($20,001 – $100,000) 1:1 to 1:100 ($100,001 +) |
| 📊 Negative balance protection | ✅Yes |
| 💹 Spread on all majors | As Low as 0.6 Pips |
| 💶 Commission | None |
| 📌 Maximum open/pending orders per client | 300 Positions |
| 📍 Minimum trade volume | Standard Ultra: 0.01 Lots Micro Ultra: 0.1 Lots |
| 🚩 Lot restriction per ticket | Standard Ultra: 50 Lots Micro Ultra: 100 Lots |
| ⏩ Hedging allowed | ✅Yes |
| ☪️ Islamic Account | Optional |
| 💷 Minimum Deposit | USD 5 / ZAR 90 |
| 🚀Open an Account | 👉 Open Account |
Shares Account
The XM Shares Account has the following notable factors and features:
- Minimum deposit of $10,000
- The base currency of this account is solely USD.
- The contract size is 1 share.
- There is no leverage provided on this account.
- The spread is according to and as per the underlying exchange.
- Commission charges on this account range between $1 and $9 depending on the underlying exchange and the individual share.
- The maximum number of open and pending orders per client is restricted to 50 positions.
- The minimum trade volume on this account is one lot, and
- The lot restriction per ticket depends on each share.
However, hedging is not allowed on this account.
| 🔎 Accounts | 🥇Shares Account |
| 💴 Base Currency Options | USD |
| 📈 Contract Size | 1 share |
| 📉 Leverage | No Leverage |
| 📊 Negative balance protection | ✅Yes |
| 💹 Spread on all majors | As per the underlying exchange |
| 💶 Commission | ✅Yes |
| 📌 Maximum open/pending orders per client | 50 Positions |
| 📍 Minimum trade volume | 1 Lot |
| 🚩 Lot restriction per ticket | Depending on each share |
| ⏩ Hedging allowed | None |
| ☪️ Islamic Account | Yes |
| 💷 Minimum Deposit | USD 10,000 / ZAR 180986 |
| 🚀Open an Account | 👉 Open Account |
Demo Account
XM offers traders the option of opening a Demo Account on either the Standard or the XM Ultra-Low Account, which can be utilized in various ways, including, but not limited to, the following:
- This is a practice account for beginner traders who wish to improve their trading skills and experience in a risk-free environment using virtual funds.
- Traders who are evaluating and comparing brokers who would like to explore XM’s trading conditions in a risk-free environment and
Traders who wish to test their trading strategies in a mimicked live trading environment without risking their capital.
🔎 Feature | 📋 Details |
| 🧪 Type | Demo Trading Account |
| 💻 Platform Access | MT4 / MT5 (Web, Desktop & Mobile) |
| 🧑🏫 Purpose | Practice trading with virtual funds |
| 💰 Virtual Balance | Up to $100,000 in virtual money |
| 📈 Instruments | Forex, CFDs on indices, stocks, metals, energies |
| 🕒 Market Hours | 24/5 – Same as real accounts |
| 🎮 Risk-Free | Yes – no real money involved |
| 🔁 Leverage Options | Up to 1:1000 (same as live account options) |
| 👥 Multiple Demo Accounts | Allowed – users can open more than one |
| 📝 Account Expiry | 90 days of inactivity will close the account |
| 🔒 Security | Same encryption and privacy as real accounts |
| 📞 Support Access | Full customer support included |
| 🚀Sign up | 👉 Open Account |
Islamic Account
An Islamic Account caters specifically to Muslim traders who strictly follow Sharia law.
The law prevents its followers from paying any type of interest, such as overnight fees, which is considered wasteful or exploitative.
Overnight fees are charged should traders hold positions open for longer after the concluded trading day.
This type of account allows exemption from such fees or interest should they have positions open for longer.
XM offers the option of an Islamic Account on all of the account types offered.
Whereas brokers would charge extra fees on such accounts, XM does not waive extra fees on Muslim Traders possessing this type of account.
How to Open an XM Account step by step
Step 1: Click on the Open an Account Button
Click the Green “Open an Account” button on the XM webpage.
Step 2: Complete your details.
- An online registration form must be completed to register a Live or Demo Trading account.
- Once the registration is approved, an email notification will be received.
Step 3: Confirm your Email
Verify your email address before you can start training.
XM Minimum Account Features
Despite the type of account, some features are included across all three of the four accounts, namely the Micro, Standard, and XM Ultra-Low Account
these features include:
- Minimum deposit of $5.
- Leverage is determined by the account balance where $5 to $20,000 is from 1:1 to 1:1000, $20,001 to $100,000 is from 1:1 to 1:200, and $100,001 and more is 1:1 to 1:100 – with the purpose of this being the mitigation of risks.
- Zero commissions are charged on all three accounts.
- Maximum opening and pending orders per client are restricted to 200 positions.
- A negative protection balance is provided on all four account types.
- An Islamic Account is optional for all three accounts.
- Hedging is allowed on all three accounts.
In addition, XM offers traders the following benefits, which are standard despite the type of account and which form part of XM’s superb quality of service:
- The option to trade with both micro and standard lots.
- Unlimited access to either MetaTrader 4 or MetaTrader 5 trading platforms along with an expert advisor, otherwise known as EA, trading.
- Regular intraday market updates along with technical analysis which is made available to traders free of charge.
- Customer support is available in multiple languages along with the provision of a Personal Account Manager, or PAM.
Min Deposit USD 5 Regulators FSC, CySEC, ASIC, Trading Platform MT4, MT5
Customer Reviews
🥇 Good Experience.
I have had a good experience with this broker thus far.
No problem with withdrawals or deposits as they let you withdraw back to the bank account you used to deposit with.
In addition, they offer the best and the fastest customer support.
🥈 Best Broker (Bonuses, Withdraws, Costs and Support)
XM is a good broker in terms of withdrawals, customer support, and bonuses.
However, they could improve on their spreads, otherwise everything else is fantastic.
🥉 Good for Starters
One of the best brokers to start your forex journey. I think most newbies have tried this broker due to their heavy marketing.
So far they have honored all my profit withdrawals without any problems.
Customer support is very good and the platform is good too.
Pros and Cons
| ✅ Pros | ❌ Cons |
| Licensed and Regulated (ASIC, Cyprus Securities and Exchange Commission & IFSC)No banking license | No banking licence |
| Tight spreads available | Increased spreads on the Micro and Standard accounts |
| 55+ Currency pairs to trade with | No 24/7 Customer support |
Conclusion
XM Account Types is considered a safe, trustworthy broker with average risk and spreads as low as 0.6 pips, leverage ranging from 1:100, and a trust score of 84 out of 99.
XM offers a total of four different account types each consisting of different features to offer.
XM.com can be summarily described as a worthwhile company for potential traders, retail traders, experienced traders, or professional traders, knowing that they approach your needs with openness to cultural, national, ethnic, and religious diversity.
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Frequently Asked Questions
Can traders from South Africa open a live account with XM?
Yes, South African traders can open a live XM Account. Choose from: Micro-, Standard -/ XM Ultra Low- and Shares accounts.
Is XM a recommended forex broker for beginners?
Yes, mainly because of its excellent web and mobile trading platform, good educational tools, great customer service, low fees, and low minimum deposit.
What are the available deposit currencies for a live trading account?
USD / EUR / GBP / JPY / AUD / ZAR, and more.
What is the difference between a demo and a live trading account?
A Demo Account is a risk-free account that is funded by virtual money and allows traders to either practice trading, explore the broker’s offering, or test trading strategies in a mimicked live trading environment.
Does XM offer an Islamic account option?
Yes, an Islamic account option is available.
