XM markets have three different accounts: the micro account, the standard account, and the ultra-low account. Choosing the right one for your investment goals is essential. Luckily, opening an account is fast and easy. No need to go to a financial institution or wait in line to open an account. You can open an account right on XM’s website.
XM micro account
XM markets offer four different accounts: a Micro Account, a Standard Account, Ultra Low Spread Account, and a Stock Account. Each type of account requires a different minimum deposit. The Micro account is designed for novice traders. The Standard account is for all traders, including experienced ones. The Ultra Low Spread account is designed for scalpers and experienced traders who want to trade with low commissions. Finally, the Shares account is for those who want to trade shares. The Shares account requires a minimum investment of $10,000, and trading commissions are charged.
XM accepts various payment methods, including credit cards and bank wire transfers. In addition, it covers all bank fees for deposits over $200. You can also deposit funds using e-wallets, such as Neteller and Skrill. Withdrawals are processed within 24 hours. The company also covers wire transfer fees, but they aren’t free.
XM markets micro account minimum deposit amounts vary by country. You may be required to deposit a minimum of $5 to open an account. Depending on your local regulations, you may be able to deposit funds through Western Union, MoneyGram, or a local bank transfer. You can also use an eWallet to fund your account, but the minimum deposit will be higher.
There are three types of accounts on XM markets. A Micro account uses USD, EUR, or CHF as its base currency. The Standard account uses GBP, CHF, or AUD.
XM standard account
When establishing a trading account with XM, you’ll have to deposit at least $5 before starting trading. This minimum deposit amount will vary depending on the currency you’re depositing in. After that, you can fund your account using credit/debit cards, bank wire transfers, and e-wallets. XM will cover any fees associated with each type of deposit.
The XM market standard account minimum deposit is only $5, which makes it one of the lowest in the industry. You can also deposit funds from various countries with the help of eWallets, such as PayPal. Alternatively, you can use Western Union or MoneyGram to fund your account, though fees may be associated with each method. Finally, depending on your country, you can use local bank transfers to fund your account with XM.
XM markets are regulated by regulators and are based in over ten European countries. Each country’s regulatory body oversees different trading platforms. For example, the FSB oversees Spain, while the AMF oversees Italy, Poland, the Netherlands, and Sweden. In addition, XM offers negative balance protection, which means you can never lose more than what you deposited. In addition, you’ll have access to several different platforms and the freedom to trade in forex and stocks.
There are also bonuses and promotions available through XM markets. For example, you can receive a $30 non-deposit bonus and a two-tier deposit bonus. Deposit bonuses can reach up to $5,000, but be aware that they’re subject to terms and conditions.
XM ultra-low account
The minimum deposit requirement for XM markets is low, making it a perfect choice for new traders. However, experienced traders should note that each account type has different minimum deposit requirements. These differences will help you select the best account. In addition, XM is one of the most regulated brokers in the world, and it offers a negative balance protection system. Even if you lose your entire deposit, you can still recover it.
There are three types of accounts available on the XM broker website. The first is the standard account, which requires a minimum deposit of $5. The other two types require a minimum deposit of at least $50. XM also offers Islamic accounts, which are optional but usually used by investors who adhere to the Islamic faith and wish to trade according to Sharia law.
The XM markets are ultra-low micro account is an excellent option for all levels of traders. It brings together the best trading conditions in one place, including tight spreads and a large variety of markets. Their trading platform contains over a thousand financial instruments. They also offer different deposit bonus systems. However, the downside to this account type is that there is no protection for traders outside the CySEC regulation area. Moreover, there are certain restrictions for traders in the US and Canada.
Another essential feature of XM markets is its ability to provide traders with multiple payment options. In addition to accepting major credit cards and debit cards, XM also supports Skrill and Neteller. In addition, it allows its customers to fund their accounts with a minimum of $5.
