Types of forex accounts. A beginner in Forex trading needs to open up an account with any reputed Forex trading service which is available in the market. A lot of online Forex trading service providers offer free trading accounts for beginners to start with. But there are various types of Forex accounts, and a beginner has to know which account fits.

Types of forex accounts

What Is A Standard Account In Forex?

Types of forex accounts. Each type of account offered by InstaForex represents a universal trading tool that helps to work on international financial markets. Regardless of the chosen account type, you will have access to every trading symbol available, when working with InstaForex. In order to help traders to create a successful trading strategy two.

Types of forex accounts


The figures above should only be regarded as reference. XM is ready to create custom-tailored forex account solutions for every client. If the deposit currency is not USD, the amount indicated should be converted to the deposit currency.

You may be new to forex , so a demo account is the ideal choice to test your trading potential. It allows you to trade with virtual money, without exposing you to any risk, as your gains and losses are simulated.

Once you have tested your trading strategies, learned about market moves and how to place orders, you can take the next step to open a trading account with real money. A forex account at XM is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies.

Please note that forex or currency trading is available on all XM Platforms. Similarly to your bank, once you register a forex trading account with XM for the first time, you will be required to go through a straightforward KYC Know your Customer process, which will allow XM to make sure that the personal details you have submitted are correct and ensure the safety of your funds and your account details. By opening a forex account, you will be automatically emailed your login details, which will give you access to the XM Members Area.

The XM Members Area is where you will manage the functions of your account, including depositing or withdrawing funds, viewing and claiming unique promotions, checking your loyalty status, checking your open positions, changing leverage, accessing support and accessing the trading tools offered by XM.

Your trading account login details will correspond to a login on the trading platform which matches your type of account and is ultimately where you will be performing your trades. A multi-asset trading account at XM is an account that works similarly to your bank account, but with the difference that it is issued with the purpose of trading currencies, stock indices CFDs, stock CFDs, as well as CFDs on metals and energies.

Please note that multi-asset trading is available only on MT5 accounts, which also allows you access to the XM WebTrader. Similarly to your bank, once you register a multi-asset trading account with XM for the first time, you will be requested to go through a straightforward KYC Know your Customer process, which will allow XM to make sure that the personal details you have submitted are correct and ensure the safety of your funds and your account details. Please note that if you already maintain a different XM Account, you will not have to go through the KYC validation process as our system will automatically identify your details.

By opening a trading account, you will be automatically emailed your login details that will give you access to the XM Members Area. The XM Members area is where you will manage the functions of your account, including the depositing or withdrawing funds, viewing and claiming unique promotions, checking your loyalty status, checking your open positions, changing the leverage, accessing support and accessing the trading tools offered by XM.

Our offerings within the clients Members Area are provided and constantly enriched with more and more functionalities, allowing our clients more and more flexibility to perform changes or additions to their accounts at any given time, without needing assistance from their personal account managers. Your multi-asset trading account login details will correspond to a login on the trading platform which matches your type of account, and it is ultimately where you will be performing your trades.

MT4 is the predecessor of the MT5 trading platform. Our clients who would not like to upgrade to MT5, can continue to use MT4 and can upgrade or open an additional MT5 account at any time they wish.

Deposits, withdrawals or any other functions related to any of your trading accounts can be handled in the XM Members Area. COM uses cookies, and by continuing to use the website you consent to this. For more information please read our Cookie Disclosure. Your capital is at risk. Leveraged products may not be suitable for everyone.

Please consider our Risk Disclosure. Open an Account Here. Trading accounts with exceptional trading conditions. Possibility to trade with micro or standard lots. Free regular intra-day market updates and technical analysis. The same execution quality for all account types.

Multilingual customer support and your Personal Account Manager. XM Trading Account Types. What is a Forex Trading Account? In summary, your forex trading account includes 1.

Access to the XM Members Area 2. Access to the corresponding platform s Similarly to your bank, once you register a forex trading account with XM for the first time, you will be required to go through a straightforward KYC Know your Customer process, which will allow XM to make sure that the personal details you have submitted are correct and ensure the safety of your funds and your account details.

What is a Multi-Asset Trading Account? In summary, your multi-asset trading account includes 1. Access to the corresponding platform s 2. Access to the XM WebTrader Similarly to your bank, once you register a multi-asset trading account with XM for the first time, you will be requested to go through a straightforward KYC Know your Customer process, which will allow XM to make sure that the personal details you have submitted are correct and ensure the safety of your funds and your account details.

Who Should Choose MT4? Who Should Choose MT5? Any XM client can hold up to 8 trading accounts of their choice. How to Manage Your Trading Accounts?


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