XM offers access to multiple live trading accounts, including Micro, Standard, Ultra Low, and, Shares. Muslim Traders will also be able to request a Sharia Complaint Islamic, Swap Free Account across all 4 account options.
| 🔎 Feature | 🥇 Micro Account | 🥈 Standard Account | 🥉 Ultra Low Account | 📊 Shares Account |
| 💴 Minimum Deposit | 5 USD | 5 USD | 5 USD | 10'000 USD |
| 💶 Base Currency Options | USD, EUR, GBP, etc. | USD, EUR, GBP, etc. | EUR, USD, GBP, etc. | USD |
| 📈 Contract Size | 1 Lot = 1,000 | 1 Lot = 100,000 | Ultra Low Standard: 1 Lot = 100,000 Ultra Low Micro: 1 Lot = 1,000 | 1 share |
| 📉 Leverage | Up to 1000:1 | Up to 1000:1 | Up to 1000:1 | None |
| 📊 Negative balance protection | ✅Yes | ✅Yes | ✅Yes | ✅Yes |
| 💹 Spread on all majors | As low as 1.6 Pips | As low as 1.6 Pips | As Low as 0.8 Pips | As per the underlying exchange |
| 💱 Commission | None | None | None | Yes |
| ↪️ Maximum open/pending orders per client | 300 Positions | 300 Positions | 300 Positions | 50 Positions |
| 📌 Minimum trade volume | 0.1 Lots (MT4) 0.1 Lots (MT5) | 0.01 Lots | Ultra Low Standard: 0.01 Lots Ultra Low Micro: 0.1 Lots | 1 Lot |
| 📍 Hedging allowed | ✅Yes | ✅Yes | None | None |
| ⭐ Swaps | ✅Yes | ✅Yes | None | None |
| ☪️ Islamic Account | Optional | Optional | Optional | ✅Yes |
| 🚀Open an Account | 👉 Open Account | 👉 Open Account | 👉 Open Account | 👉 Open Account |
Overall Rating Min Deposit USD 5 Regulators FSC Trading Platform MT4, MT5, XM App Total Pairs 55 Islamic Account Yes Trading Fees No hidden fees Account Activation 24 Hours
XM Account Types – Key Point Quick Overview
- ☑️ Account Types
- ☑️ Minimum Deposit
- ☑️ How to Open an XM Account
- ☑️ In Conclusion
- ☑️ Frequently Asked Questions
Account Types
XM provides a variety of live trading accounts to suit different trader needs, including Micro, Standard, ultra-low, and Share accounts. For Muslim traders, XM also offers Sharia-compliant Islamic, Swap-Free accounts across all four account types.
Micro Account: Ideal for beginners or traders with limited capital, the Micro Account offers smaller trading volumes and is a low-cost entry point.
Standard Account: Suitable for a wide range of traders, including those experienced with standard lot sizes, the Standard Account offers flexible options and competitive spreads.
Ultra Low Account: This account provides tight spreads and is popular among traders who focus on instruments like Gold and EUR/USD. Swap-free options are available on selected instruments.
Shares Account: Designed for professional stock traders, the Shares Account enables direct trading in stocks with a minimum deposit requirement.
Islamic Account
XM offers Sharia-compliant Islamic, Swap-Free accounts that comply with Islamic law by eliminating interest and swap charges on overnight positions. Available across all four account types (Micro, Standard, Ultra Low, and Shares), these accounts allow Muslim traders to engage in forex trading without violating religious principles.
Notable features of the Islamic account include no swap charges, unlimited position holding time, leverage up to 1000:1, real-time market execution, and 24/5 support from a dedicated Client Account Manager.
Frequently Asked Questions
What types of live trading accounts does XM offer?
XM offers four live trading accounts: Micro, Standard, Ultra Low, and Shares. These accounts are designed to meet various trading needs, from beginners to professional stock traders.
Are Islamic, Swap-Free accounts available at XM?
Yes, XM offers Islamic, Swap-Free accounts for all four account types. These accounts follow Sharia Law and do not include swap or rollover interest on overnight positions.
What features are included with the Islamic, Swap-Free accounts?
Islamic, Swap-Free accounts include no interest or swap charges on overnight positions, no spread widening, leverage up to 1000:1, unlimited holding time for positions, and 100% real-time market execution, with 24/5 dedicated support.
What is the XM Demo Account and what features does it offer?
The XM Demo Account is a free, risk-free account that simulates real trading conditions with virtual funds. It allows traders to practice strategies and test market conditions without financial risk.
Our Verdict
XM offers a comprehensive range of account types, from the Micro and Standard accounts for traders at all levels, to the Ultra Low and Shares accounts for more experienced traders. The availability of Sharia-compliant Islamic, Swap-Free accounts is a key feature, ensuring that Muslim traders can trade according to their religious beliefs.
Additionally, XM provides robust features such as high leverage, no swap charges, and real-time execution, making it a solid choice for traders worldwide.
Overall Rating Min Deposit USD 5 Regulators FSC Trading Platform MT4, MT5, XM App Total Pairs 55 Islamic Account Yes Trading Fees No hidden fees Account Activation 24 Hours
Minimum Deposit
The minimum deposit required to open an XM Standard, Micro, or Ultra Low account is just USD 5. For the XM Shares account, the minimum deposit is USD 10,000.
Frequently Asked Questions
What is the minimum deposit for an XM Standard, Micro, or Ultra Low Account?
The minimum deposit for these account types is USD 5.
How much is required to open an XM Shares Account?
To open an XM Shares account, the minimum deposit is USD 10,000.
Can I use the same deposit amount for all XM account types?
No, each account type has different deposit requirements. Standard, Micro, and Ultra Low Accounts require USD 5, while the XM Shares account requires USD 10,000.
Are there any advantages to depositing more than the minimum required amount?
Yes, depositing more than the minimum may offer benefits such as higher leverage, access to premium features, and potentially better trading conditions. It’s recommended to check the specific advantages of your account type.
Verdict
XM provides flexible account options with a very low minimum deposit requirement of just $5 for Standard, Micro, and Ultra-Low accounts. This allows traders to start with minimal investment or opt for larger deposits for more advanced opportunities, such as the XM Shares account.
The varying deposit thresholds cater to both new traders and those seeking more specialized accounts.
Overall Rating Min Deposit USD 5 Regulators FSC Trading Platform MT4, MT5, XM App Total Pairs 55 Islamic Account Yes Trading Fees No hidden fees Account Activation 24 Hours
How to Open an XM Account
Opening an XM Account is a straightforward 3-step process:
1. Step 1: Open an Account.
Click on the “Open an Account” button located on the XM Website.
2. Step 2: Complete the Registration.
Complete the Registration form with Basic personal information. Select an XM Account Type, set up a Password, and review all Terms and Conditions.
3. Step 3: Email Verification.
Verify the Account via the email received. Traders will be required to click on the “Validate Your Account Button” and Upload the necessary documentation.
Overall Rating Min Deposit USD 5 Regulators FSC Trading Platform MT4, MT5, XM App Total Pairs 55 Islamic Account Yes Trading Fees No hidden fees Account Activation 24 Hours
In Conclusion
XM offers a wide range of live trading accounts that cater to various trader needs, from beginners to professionals. Whether you’re just starting with the Micro Account or are a seasoned stock trader using the Shares Account, XM provides options that meet your trading style.
The availability of Islamic, Swap-Free accounts ensures that Muslim traders can engage in forex trading in line with Sharia Law, making it a versatile choice for a global audience.
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Frequently Asked Questions
What types of live trading accounts does XM offer?
XM offers four types of live trading accounts: Micro, Standard, Ultra Low, and Shares. Each is designed to cater to different levels of traders, from beginners to professionals.
Are Islamic, Swap-Free accounts available at XM?
Yes, XM offers Sharia-compliant Islamic, Swap-Free accounts for all four account types. These accounts do not include swap or rollover interest on overnight positions.
What features are included with the Islamic, Swap-Free accounts?
These accounts offer no swap or interest charges, unlimited holding time for positions, leverage up to 1000:1, real-time market execution, and 24/5 support from a dedicated Client Account Manager.
What is the XM Demo Account and what features does it offer?
The XM Demo Account is a free, risk-free account that simulates real trading conditions with virtual funds. It allows traders to practice strategies and test market conditions without financial risk.
What is the minimum deposit for an XM Standard, Micro, or Ultra Low Account?
The minimum deposit for these accounts is USD 5, making it accessible for traders with a smaller budget.
How much is required to open an XM Shares Account?
To open an XM Shares account, the minimum deposit is USD 10,000.
Can I use the same deposit amount for all XM account types?
No, each account type has different deposit requirements. The Standard, Micro, and Ultra Low accounts require USD 5, while the XM Shares account requires USD 10,000.
Are there any advantages to depositing more than the minimum required amount?
Yes, depositing more than the minimum may offer benefits such as higher leverage, access to premium features, and better trading conditions. It’s advisable to check the specific benefits of your chosen account type.
What is the leverage available on XM accounts?
XM accounts offer leverage up to 1000:1 on Micro, Standard, and Ultra Low accounts, allowing traders to control larger positions with a smaller investment.
How do I open an XM Account?
Opening an XM account is a simple 3-step process: Click “Open an Account” on the XM website, complete the registration form with personal details, and verify your email to finalize the process.
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