XM.com, as a well-known forex broker regulated by multiple major regulatory bodies, offers a variety of trading account types to cater to different types of traders, meeting their individual trading needs and risk preferences. Let's delve into the main trading account types offered by XM:
1. Standard Account:
Suitable for novice and intermediate traders.
Minimum deposit requirement of $5, with leverage of up to 1:888.
Supports MT4 and MT5 trading platforms.
Provides trading in major and minor currency pairs, as well as forex CFDs, precious metals, energies, and stock CFDs.
Full access to technical analysis tools and the option to apply for commission-free accounts.
Offers a free demo account for practicing trading in a real market environment.
2. Micro Account:
Tailored for beginner traders or those with limited funds.
Minimum deposit requirement of only $1, with leverage of up to 1:888.
Similar to the Standard Account, supports MT4 and MT5 platforms, and offers various trading products.
Features lower minimum trade sizes and contract sizes to help control risk.
3. Professional and VIP Accounts:
Designed for experienced traders with substantial capital.
Professional Account requires a minimum deposit of $25,000, while VIP Account requires $100,000, both with leverage of up to 1:888.
Enjoy enhanced services such as dedicated account managers, personalized market analysis and trading signals, exclusive webinars, and training sessions.
Lower trading fees are also available for these account types.
4. XM Zero Account:
Utilizes a zero-spread pricing model, where traders pay fixed commissions instead of traditional variable spreads.
Minimum deposit requirement of $100, with leverage of up to 1:888.
Supports MT4 and MT5 platforms, offering various trading products.
Ideal for traders seeking transparent pricing and cost-effective trading.
5. Islamic Account:
Complies with Islamic law by not charging or paying any interest or overnight fees.
Minimum deposit requirement of $5, with leverage of up to 1:888.
Supports MT4 and MT5 platforms, providing trading in forex, CFDs, and other products.
In summary, XM.com offers a range of trading account types catering to traders of all levels, ensuring a transparent and reliable trading environment while accommodating various trading preferences and needs.