Question 1

What is the minimum deposit required to open an account?

Accepted Answer

The minimum deposit for all XM account types is just $5 (or currency equivalent). This low entry requirement makes trading accessible to everyone, regardless of their initial capital.

Question 2

Which account type is best for beginners?

Accepted Answer

The Standard Account is ideal for beginners. It offers straightforward floating spreads with no commission, making it easy to understand your trading costs. You get access to all 1,400+ instruments and can start with just $5.

Question 3

What is the difference between Ultra Low and Zero accounts?

Accepted Answer

The Ultra Low Account offers spreads from 0.8 pips with no commission on forex trades. The Zero Account offers spreads from 0.0 pips on major pairs but charges a $3.50 commission per lot per side on forex. Both accounts are commission-free on stock CFDs.

Question 4

Can I have multiple account types?

Accepted Answer

Yes! You can open multiple trading accounts with different account types. This allows you to test different strategies or trade different instruments with the account type that suits each best.

Question 5

Is there a demo account available?

Accepted Answer

Yes, we offer free demo accounts for all account types. Demo accounts come with $10,000 virtual money and let you practice trading in real market conditions without risking real funds.

Question 6

What is negative balance protection?

Accepted Answer

Negative balance protection ensures that you cannot lose more money than you deposited. If market volatility causes your account balance to go negative, we will reset it to zero at no cost to you.

Question 7

How long does account verification take?

Accepted Answer

Account verification typically takes less than 24 hours. Once you submit your identity documents and proof of address, our team reviews them promptly. You'll receive an email notification once your account is verified.

Question 8

Can I change my account type later?

Accepted Answer

While you cannot change an existing account type, you can open additional accounts with different types at any time. You can then transfer funds between your accounts instantly through your Members Area.

Question 9

What leverage is available on each account?

Accepted Answer

Standard and Ultra Low accounts offer leverage up to 1:1000, while Zero accounts offer leverage up to 1:500. Leverage varies by instrument and is subject to regulatory requirements in your region.

Question 10

Are Islamic (swap-free) accounts available?

Accepted Answer

Yes, we offer Islamic accounts that comply with Sharia law principles. These accounts do not charge or pay overnight swap fees. Islamic accounts are available for all account types upon request.

Feature	Standard	Ultra Low	Zero
Minimum Deposit	$5	$5	$5
Spreads From	1.0 pips	0.8 pips	0.0 pips
Commission on Forex	No	No	$3.50 per lot
Commission on Stocks	Zero	Zero	Zero
Maximum Leverage	1:1000	1:1000	1:500
Instruments	1,400+	1,400+	1,400+
Execution Type	Market Execution	Market Execution	Market Execution
Hedging Allowed	✓	✓	✓
Negative Balance Protection	✓	✓	✓
Islamic Account Available	✓	✓	✓

XM Account Types

Standard Account

Ultra Low Account

Zero Account

All Accounts Include

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