In order to start trading and to be able to make withdrawals from your account, your account has to be validated, therefore you must provide a recent utility bill e. As a regulated company, we operate in accordance with a number of compliance-related issues and procedures imposed by our main regulatory authority, IFSC.
These procedures involve the collection of adequate documentation from our clients with regards to KYC Know Your Client , including the collection of a valid ID card and a recent within 6 months utility bill or bank account statement that confirms the address the client has registered with.
It is preferable, however, to use the same personal details as for your other trading account s. You can register for an additional account in the Members Area with 1 click. Kindly note that the maximum number of accounts allowed per client is 8. If you wish to update your email address, please send an email to compliance. If you wish to update your residential address, please send an email to validations xm.
It is simple and quick. Click Open a Real Account , fill in the form and upon completion you will receive an email with your login details that you can use to log in to our secure Members Area. Here you will be able to fund your trading account by clicking the Deposits tab in the main menu.
If you have already opened a trading account, received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance to our trading platforms here.
However, your deposit is always visible in the actual amount, e. You can request a swap-free Islamic account by following the instructions described here. At XM demo accounts do not have an expiry date, and so you can use them as long as you want. Demo accounts that have been inactive for longer than 90 days from the last login will be closed.
However, you can open a new demo account at any time. Please note that maximum 5 active demo accounts are allowed. It is not possible to change the base currency of your account, however you can open a new account at any time and then specify your preferred base currency. No, you cannot lose more than the amount you deposited. Should the slippage of a certain currency pair cause a negative balance, it will be reset automatically with your next deposit.
As the bonus amount is part of your equity and can be used for trading, it is possible for you to lose it. However, you do not have to refund it, moreover, according to the Bonus Terms and Conditions, you can receive a new bonus on your new deposit.
XM is operated by XM Global Limited , which ensures the safety of client funds and consumer protection as per the applicable laws and regulations. Thus, the measures that XM undertakes include the following:.
These funds are off balance sheet and cannot be used to pay creditors in the unlikely event of Company insolvency. As a regulated Securities Service Provider Licensee, we are obliged to meet strict financial requirements. Our regulator is informed by any deficiencies in a detailed audit submitted by an independent internal auditor every year. Please right click on any of the symbols in the Market Watch that you want to see and choose the Chart Window option.
Alternatively, you can drag-and-drop any symbol in the chart window. We offer variable spreads that can be as low as 0 pip. We have no re-quoting: You can read more about our spreads and conditions here.
The market is open from Sunday However, certain instruments have different trading hours e. CFDs , the details of which you can view here. XM has a Bonus Program with nonstop bonuses for trading purposes only.
However, the profit generated with the bonus can be withdrawn at any time. We provide leverages between 1: The leverage depends on equity, so please read more details about this here.
Margin is the required amount in the base currency of the trading account needed to open or maintain a position. Here the result is originally calculated in the first currency of the traded pair, and then converted into the base currency of your trading account, which will be numerically displayed on your MT4, or any other trading platform.
The margin requirement for gold and silver is calculated like this: The result will be in USD, which will be converted into the base currency of your trading account in case it is other than USD. More details can be seen here. Free margin is your equity minus margin. It means the available funds that you use for opening new positions, or for maintaining existing positions. For instance, if the base currency for your trading account is USD, your leverage is 1: You can read more details here.
So for 1 lot buy gold, if the position is left overnight, the swap calculation for the client will be The result of the swap calculation is always the secondary currency in a symbol, and the system converts it to the base currency of the trading account. The examples provided only serve as a guide and do not reflect the current charges. Click here to view the current swap charges. You can calculate your profits with the help of the following formula: As you can see, 0.
Stop loss is an order for closing a previously opened position at a price less profitable for the client than the price at the time of placing the stop loss. Stop loss is a limit point that you set to your order. Once this limit point is reached, your order will be closed.
For further details about the distance in points for each currency pair, please view the limit and stop levels here. Using stop loss is useful if you want to minimize your losses when the market goes against you. You can also view this video tutorial for a more detailed explanation.
Take profit is an order to close a previously opened position at a price more profitable for the client than the price at the time of placing the take profit. When the take profit is reached, the order will be closed. Trailing stop is a type of stop loss order. For more details about the distance in points for each currency pair, please view the limit and stop levels here. View this video tutorial for a more detailed explanation. You can access our trading signals under the menu tab Trading Signals in our Members Area.
In order to download the trading signals, you need to have a validated trading account. You are free to hedge your positions on your trading account.
Leverage is the multiplication of your balance. This allows you to open bigger trading positions since the margin required will be lowered according to the leverage you have chosen.
Even though with leverage you can make a bigger profit, there is also a risk of having a bigger loss because the positions you open will be of higher volume lot size. Your trading capital is 10,EUR The leverage chosen is You can change the leverage under the tab My Account , and then by clicking the tab Change Leverage in our Members Area.
This method of changing leverage is instant. The profit calculation is as follows: Please read more information here. Slippages hardly ever occur if you trade with us. More information on the XM Execution Policy is available here. Yes, you can, up to a maximum of 8 active trading accounts. All remaining bonuses, promotional credits, XMPs will be automatically removed from dormant accounts.
A dormant account will be charged with a monthly fee of 5USD five United States dollars or the full amount of the free balance in the account if the free balance is less than 5USD five United States dollars. There will be no charge if the free balance in the account is zero. Open positions and pending orders stay in the system even if you log off from your trading platform. The same applies to all order types except trailing stops.
Trailing stops become inactive when you close or log out of MetaTrader4. Expert advisors also become inactive when MetaTrader4 is closed or you are not logged in. The maximum number of positions open at the same time, and for all account types, is When placing a trade in the spot forex market, the actual value date is two days forward, for instance, a deal done on Thursday is for value Monday, a deal done on Friday is for value Tuesday, and so on.
On Wednesday, the rollover amount is tripled to compensate for the following weekend during which time rollover is not charged because trading is stopped at weekends. We also offer our clients video tutorials on how to use platforms, as well as free weekly webinars and on-site seminars in different countries.
Feel free to inquire about further details at support xm. We apologize for the inconvenience. Clients who maintain a minimum amount of Equity-Credit USD or equivalent in other currency are eligible to request a free VPS from the Members Area at any given time on condition that they trade at least 5 round turn lots per month.
For further information please visit our website here. One-click trading allows you to open positions with just one click. When you want to close a position, however, one click does not work and you will need to close it manually. To enable one-click trading on the left corner of your chart, you will find an arrow.More...