Trading Account Types at XM

Trading Account Types at XM

  • Posted: Jul 18, 2018
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XM trading platform is made for all traders.

 

Experienced or new, with a lot of capital or just startup, XM has something for all. Their account types are tailored in a way that everyone can choose one that suits their needs the most.

 

That’s why XM introduced their three account types, tailored especially for people with different interests, earning, experience, and capital. These are their Micro accounts, Standard accounts, and Zero account.

 

You can choose from the commission-free trading with standard and micro account to the tighter spreads that involve commission fees and a higher initial deposit amount with the Zero account. XM also have their swap free accounts for Muslims who doesn’t want any interest for religious integrity.

 

XM Micro Account

 

Base currency options with XM’s Micro account are USD, EUR, JPY, GBP, AUD, CHF, PLN, HUF, SGD, RUB, and ZAR. Contract size is 1 lot equals 1,000.

 

For $5 to $20,000 the leverage is 1:1 to 1:888. For $20,001 to $100,000 the leverage is 1:1 to 1:200. And for amounts more than $100,001 the leverage is 1:1 to 1:100. This account comes with negative balance protection. It ensures that even if you have a verybad day, you won’t lose more than what you have in your account.

 

Spread on all the majors is as low as just one pip. No commission is required and maximum pending or open orders for each client is 200 pips.

 

Minimum trade volume with the Micro account is 0.1 Lots (MT5)and 0.01 Lots (MT4). Lot restriction per ticket is 100 lots and hedging is also allowed. There is a swap-free account option for Muslims, which is optional. The minimum deposit for this account is $5.

 

XM Standard Account

 

Base currency options with XM’s Standard account are same as Micro accounts, USD, EUR, JPY, GBP, AUD, CHF, PLN, HUF, SGD, RUB, and ZAR. Contract size is 1 lot equals 100,000.

 

Leverage is also same as XM Micro accounts. For $5 to $20,000 the leverage is 1:1 to 1:888. For $20,001 to $100,000 the leverage is 1:1 to 1:200. And for amounts more than $100,001 the leverage is 1:1 to 1:100.

 

Like a Micro account, this Standard account comes with negative balance protection. Spread on all the majors is as low as just one pip. No commission is required and maximum pending or open orders for each client is 200 pips like Micro accounts.

 

Minimum trade volume with the Standard account is 0.1 Lots. Hedging is also allowed here along with a minimum deposit of $5 and an optional Islamic account.

 

XM Zero accounts

 

The base currency is only limited to EUR, USD, and JPY. Contract size is 1 lot equals 100,000 like standard accounts.

 

For $100 to $20,000 the leverage is 1:1 to 1:500. For $20,001 to $100,000 the leverage is 1:1 to 1:200. And for amounts more than $100,001 the leverage is 1:1 to 1:100. This account also comes with negative balance protection.

 

Spread on all the majors is as low as just zero pip, thus the name. Commission is required and maximum pending or open orders for each client is 200 pips like Micro and standard accounts.

 

Minimum trade volume with the Standard account is 0.01 Lots. Hedging is also allowed in XM Zero Accounts along with a minimum deposit of $100 and an optional Islamic account.

 

Visit: XM Broker Review

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