Are you interested in XM Forex and want to register an account to participate in trading? You don’t know how to register, verify, and receive rewards from XM Forex? Do you want to know what to keep in mind before XM login? In this article, MForex will help you answer the above questions in detail.
How to register for an XM Forex account?
To create an XM account, you can use one of the following two ways.
How to register for XM login Forex
Step 1: Visit the XM website
Visit XM’s website here: https://www.xm.com
Here, you need to provide information about:
– Country of residence
– Email address
– Password.
After you fill in all the above information, select the partner code and enter the partner code “4M82G“ to register.
Step 2: Confirm email activation
Inbox confirmation is sent to the email address you just registered.
When opening the inbox for XM to send, click on “Verify Email” to confirm.
Step 3: Verify the profile
After successfully logging into your account, the screen will appear as follows:
Here, click on the box Verify now.
Now you need to fill in all the information required by the XM.
Click on the “ Authentication ” box as shown.
Next, we have to verify the personal phone number.
Next, you need to fill in all the profile information that the floor requires. Please enter exactly as the information on your identification documents.
Next, the XM will ask you to add information about your trading experience as follows:
Step 4: Verify documents
Follow the instructions to proceed with the verification process for your account.
Select consent to the sharing of personal data: “I consent to Jumio collecting, processing and sharing personal information…”
Next, the exchange will ask you to provide personal documents used to verify your XM account identity. Choose to verify your account with a citizen identification card.
Next, you will need to take a photo of the front and back of your documents, to proceed with the verification process of your account. You need to put the documents in the frame and follow the instructions of the XM platform.
Step 5: Face authentication
Next, the system will check if your device has a working camera.
Next, you need to verify your face by following the instructions provided by XM. Select “Continue” to start the process.
After completing the exchange requirements. The system will upload facial recognition information to the floor’s server.
The exchange will check the quality of your image to see if it meets the exchange’s requirements such as: documents must be photographed with full light, and the information in the documents must be clearly displayed.
Once the verification is complete, you will receive confirmation of successful document upload.
Your information will be sent to your email and reviewed within 24 hours.
You have now completed the verification process, your information will be sent to your email and reviewed within 24 hours.
So, from the above steps, you have successfully created and verified an XM account.
Instructions for downloading the XM Forex platform app on your phone
If you want XM login via the app on your phone, you can follow these steps:
With Android operating system
- Step 1: Visit the Google Play Store and search for the XM – Trading Point app.
- Step 2: Click the Install button to download and install the XM app on your phone.
- Step 3: Open the XM app and click the Open Account button. Then, follow the same steps as when registering through the website.
Download the XM Forex platform app on iPhone
- Step 1: Visit the App Store and search for the XM – Trading Point4 app.
- Step 2: Click the Download button to download and install the XM app on your phone.
- Step 3: Open the XM app and click the Open Account button. Then, follow the same steps as when registering through the website.
What to do if XM login is not verified?
If your XM account is not verified, you can follow these steps:
Double-check any copies you’ve uploaded or emailed. It may be because the copies are unclear, have no official markings, are out of date or do not match your personal information.
Contact XM Forex support staff via email support@xm.com or phone +44 2031501500 to request to resolve the issue. You need to provide information about the problem you are having to receive support.
See more: The most detailed instructions for login XM for traders
What do you need to know before registering for an XM Forex account?
Before creating an XM account, you need to know the following information.
Information about XM account types
XM Forex exchange offers customers many different account types, suitable for each person’s needs and trading goals. You can choose one of the following three main account types.
Micro account
This account type is suitable for those who are new to trading or want to test trading strategies with small amounts of money. The Micro account allows you to trade with a lot size of 1,000 currency units, which is 0.01 standard lot. You can open up to 200 open positions and can choose leverage from 1:1 to 1:888. Micro accounts support various currencies, including USD, EUR, GBP, CHF, AUD, HUF, PLN, and ZAR.
Standard account
This is the most popular account type and is suitable for those who have trading experience and want to trade with larger amounts of money. The Standard account allows you to trade with a lot size of 100,000 currency units, which is 1 standard lot. You can open up to 200 open positions and can choose leverage from 1:1 to 1:888. The Standard account also has support for many different currencies, just like the Micro account.
Ultra Low Account
This is a new account type launched by XM Forex in 2020. Ultra Low account allows you to trade with lot sizes of 100,000 currency units (Ultra Low Standard) or 1,000 currency units (Ultra Low Micro ). The difference with the Ultra Low account is that you will enjoy lower spreads than other account types. However, you will also have to pay a certain commission for each transaction. You can open up to 300 open positions and can choose leverage from 1:1 to 1:888. Ultra Low accounts only support two currencies: USD and EUR.
Shares account
This type of account allows you to trade stocks of major companies in the world, such as Apple, Facebook, Google, Microsoft, Tesla, and more. You can trade with a lot size of 1 stock and an unlimited number of open positions. You can only choose a leverage of 1:1 and can only use USD as the currency for this account.
Zero account
This type of account allows you to trade with extremely low spreads, even zero. However, you will have to pay a higher commission per transaction. You can trade with lot sizes of 100,000 currency units and open up to 200 open positions. You can choose leverage from 1:1 to 1:500 and can only use USD, EUR, or JPY as the currency for this account.
Islamic account
This type of account is for Muslims and complies with Sharia principles. Islamic accounts do not charge swap fees (overnight interest) for positions opened overnight. You can choose any of the three main account types (Micro, Standard, or ultra-low) and request a conversion to an Islamic account. You need to provide proof of your religion to be accepted.
Trading platforms allowed on Forex XM
XM Forex platform supports the two most popular trading platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5). You can use these platforms on your computer, phone or web browser. XM Forex trading platforms have outstanding features such as:
- Supports trading of more than 1000 types of products, including forex, stocks, precious metals, energies, indices, and cryptocurrencies.
- Supports one-button trading, automatic trading, text trading, and order trading.
- Supports technical and fundamental analysis with tools such as charts, indicators, news, and economic calendars.
- Support copy trading with professional traders through the XM Copy Trading service.
- Supports customization of interface and features according to user preferences.
Fees of XM Forex exchange
When trading on XM Forex, you need to pay attention to the following fees:
Swap Fee
This is the overnight interest fee you pay or receive when you hold a position open overnight.. Swap fees depend on the product type, lot size, leverage, and central banks’ interest rates. You can see the swap fee table of XM Forex for details.
Spreads on Forex XM platform
Spread is the difference between the buying price and the selling price of a commodity or index. Spread is the main source of income for XM Forex and is calculated in pips. A pip is the smallest unit of measurement of a price movement.
XM Forex spreads are quite competitive compared to other exchanges and can fluctuate depending on time and market conditions. You can see the XM Forex spread table for details.
XM exchange commission
Commissions are fees you pay to XM Forex when trading certain products, like stocks, cryptocurrencies or Zero accounts. Commissions are calculated in USD per standard lot and depend on the product type, lot size, and leverage.
Utilities for customer support and close cooperation
XM Forex exchange has a very good and reputable customer support policy. You can contact XM Forex support staff through the following channels:
- Email: support@xm.com
- Phone: +44 2031501500
- Online chat: You can access the XM Forex website and click on the chat icon in the lower right corner of the screen to chat online with support staff.
- Supports many languages: XM Forex exchange supports customers in more than 30 different languages. Includes Vietnamese, English, Chinese, Japanese, Korean, Thai and more.
- 24/5 support: XM Forex exchange supports customers 24 hours a day.
Why should you register for an XM Forex account?
There are many reasons why you should create an XM account. MForex will only mention the following two main reasons.
Open an XM account for a chance to receive a $30 bonus
One of the benefits of XM login is that you will receive a $30 bonus without needing to deposit any money. This is a great opportunity for you to test trading on XM Forex without risking your money.
Instructions for receiving $30 from XM Forex exchange
To receive a $30 bonus from XM Forex.
- Step 1: XM login in one of the ways mentioned above.
- Step 2: Verify the account as instructed in the above content.
- Step 3: Click the Claim $30 Bonus button in your Members Area.
- Step 4: You will receive a $30 bonus to your account within 24 hours.
You can use the $30 bonus to trade any product on XM Forex. However, you cannot withdraw this $30 bonus from your account. You can only withdraw the profit you earned from this 30$ bonus. You also need to meet certain trading conditions to withdraw your profits.
Advantages when trading on the XM Forex exchange
In addition to the $30 bonus, you also have many other advantages when trading on XM Forex, such as:
- XM Forex exchange is a reputable exchange and is licensed by many of the world’s leading regulatory agencies. Including FCA (UK), CySEC (Cyprus), ASIC (Australia) and IFSC (Belize).
- XM Forex has a policy of no price slippage and no requotes. That means you will be traded at the price you requested or a better price.
- XM Forex has a policy of not charging withdrawal or deposit fees. That is, you will not have to pay any fees when withdrawing or depositing money into your account.
- XM Forex has a negative balance protection policy. That is, you will not lose more than the amount of money in your account if you encounter adverse market movements.
- XM Forex has a customer-first policy. That means you will receive support and cooperation with respect and professionalism from XM Forex staff.
Why can’t I register for an XM Forex account?
There are some cases where you cannot create an XM account, such as:
- You are living in a country that XM Forex does not support, such as the US, Canada, Israel, Iran, North Korea and some other countries. You can see the complete list of supported and unsupported countries of XM Forex.
- You have violated the terms and conditions of the XM Forex platform. Or have been banned from trading on XM Forex before. You can view the terms and conditions of XM Forex platform.
- You do not have valid identification and address documents or cannot verify your account. You need to provide legible copies. There are official signs and validity periods of these documents to verify your account.
How to contact support when having problems creating an XM account
If you encounter any problems when registering for XM login to Forex. Want to know more information about the XM Forex exchange? You can contact XM Forex support staff through the following channels:
- Email: support@xm.com
- Phone: +44 2031501500
- Online chat: You can access the XM Forex website and click on the chat icon in the lower right corner of the screen to chat online with support staff.
- Supports many languages: XM Forex exchange supports customers in more than 30 different languages. Includes Vietnamese, English, Chinese, Japanese, Korean, Thai, and more.
- 24/5 support: XM Forex exchange supports customers 24 hours a day.
XM Forex exchange is one of the reputable and quality forex trading exchanges today. You can register for an XM Forex account easily and quickly through the methods instructed above. You can also get many benefits and advantages when trading on XM Forex, such as a $30 bonus, low spreads, no slippage, no withdrawal, and deposit fees. Hopefully, this article on MForex has helped traders have an overview of the XM platform and the simplest way to register an account.
FAQ
What to do if your XM account is not verified?
If your XM account is not verified. You need to double-check the copies you have uploaded or emailed. Or contact the exchange’s support staff to receive support.
If you don’t register with XM via the app, is there any other way?
You can register for an XM Forex account through channels such as email and phone. You will be assisted by XM Forex exchange support staff who will guide you through the registration process.
What is the promotion when creating an XM account?
When you register for an XM Forex account, you will receive a $30 bonus without depositing money. This is a great opportunity for you to test trading on XM Forex without risking your money.
