We will introduce and explain the steps, documents you need to prepare, and questions to open an account with XMTrading. This article is a must-read for anyone who wants to start XMTrading or is considering starting XMTrading. We have put together a Q&A regarding account opening, so we hope you find it helpful.
- Can I open an XM account from my smartphone?
- How long does it take to open an XM account?
- Does XM hold a financial license?
- Is there a screening process for opening an XM account?
- Are there any requirements to open an XM account?
- How much does it cost to open an account with XM?
- Do you ever receive mail from XM?
- Do you ever receive phone calls from XM?
- What are the benefits of opening an account with XM?
- Please tell me how to start XM.
- How much can XM start trading Forex?
- Please tell me how to apply for XM.
- Can I open a corporate account?
- Can I trade on both MT4 and MT5 when I open an account?
- Which country is XM Trading a company in?
- How many accounts can I open?
- How can I make a deposit after opening an account?
- If my account is frozen, can I open another account?
- Can I inquire about opening an account by phone?
- Is it possible to check the flow of opening an account in the video?
- Can I start trading immediately after opening an account?
Can I open an XM account from my smartphone?
You can open the XM account opening page from your smartphone. The personal information summary items and documents to be submitted when opening an account are the same for smartphones and computers. Deposits and withdrawals are also possible. Members can set leverage as high as 1000x. Once you are able to log in, you will be able to trade. It becomes a very popular FX broker and becomes a broker that ranks high in the rankings.
How long does it take to open an XM account?
It takes about 3 minutes to open an XM account. After that, it takes about an hour to submit your identity verification documents and activate your account. You can start trading with XM after account activation.
Does XM hold a financial license?
XM is an overseas FX broker based in the Republic of Cyprus. We hold a UK Financial Conduct Authority license, which is said to be the most difficult to obtain in the world. Please refer to the article below. We have multiple licenses from the Financial Services Agency, and our funds are managed separately, so your funds are fully protected.
Is there a screening process for opening an XM account?
Currently, there is a review of the identity verification documents that you upload after opening an account. However, the review only takes about 10 minutes. Two documents are required for the screening: an identification document with a photo (driver’s license, My Number Card, My Number Notification Card, passport) and an address confirmation document (Residence Card, utility bill payment statement, something that shows your address). certificate is required. Normally, verification is performed based on the name, address, date of birth, and telephone number entered by the investor during registration. In addition, unclear photos and images will not be accepted.
Are there any requirements to open an XM account?
There are three conditions for opening an XM account: You must be 18 years of age or older,''
You must reside in an XM service location,” and “You must be able to submit identification and address verification documents.” XM has financial licenses from the Seychelles Financial Services Authority and the Mauritius Financial Services Authority, so there are restrictions as they are regulated.
How much does it cost to open an account with XM?
XM does not charge any account opening fees or maintenance fees. To get started, it is currently OK to use automated trading (EA) tools, scalping trades, and double trading. Trading using arbitrage or delayed rates is prohibited.
Do you ever receive mail from XM?
You will not receive any mailings after opening an XM account.
Do you ever receive phone calls from XM?
XM will not contact you directly on the phone number you registered when opening your account. You can also rest assured that you will not receive solicitations or persistent emails from sales representatives.
What are the benefits of opening an account with XM?
If you register with XM, you will receive an account opening bonus of 3000 yen and a deposit bonus of up to 500,000 yen.
Please tell me how to start XM.
You can start trading by registering with XM and downloading MT4 or MT5 after activating your account.
How much can XM start trading Forex?
XM can start FX with a minimum of 500 yen for all account types: standard account, micro account, zero account, and KIWAMI pole account.
Please tell me how to apply for XM.
Please refer to the article below. You can participate in various bonuses, campaigns, and loyalty programs by applying and making a deposit. If you have a target account (standard account, micro account), you can receive a large number of rewards, and the bonus can be used as margin. Of course, there is also a cushion function.
Can I open a corporate account?
It is not possible to open a corporate account with XM. Personal account only.
Can I trade on both MT4 and MT5 when I open an account?
Only one trading platform is supported per account. In order to trade on both MT4 and MT5, you need to open an additional account on your XM My Page.
Which country is XM Trading a company in?
XM Group is a brokerage firm based in Cyprus on the Mediterranean Sea. Please refer to the article below for details
How many accounts can I open?
XM allows you to open up to 8 accounts per account. By the way, it is possible to open different accounts, so although you cannot change the account type, you will be able to use them differently. Order conditions such as swap points, maximum lot, spread, etc. are determined by each account type.
How can I make a deposit after opening an account?
For details, please refer to the article below, which provides a comparison list. The merchant accepts online wallets, bank transfers, credit cards, and debit cards. Traders can choose multiple methods. Also, you can receive a large amount of bonuses, which has a great impact. Of course, you can also withdraw your profits. Both processes can also be done from the app.
If my account is frozen, can I open another account?
You can start trading by opening an account again. However, if you commit a violation, you will be in violation of the prohibitions and will not be able to open an account again.
Can I inquire about opening an account by phone?
XM does not support phone support. Contact us via live chat or email. Please refer to the article below.
Is it possible to check the flow of opening an account in the video?
There is an official XM video, so please take a look at the content of the video below. Screens are shown and the basics are very easy to understand. The official website also mentions the operating company’s privacy policy.
Can I start trading immediately after opening an account?
After opening an account, you must activate the account. Initially, you will need to submit and prove your identity through the web system. It’s a reliable company, so let’s take advantage of it. Nowadays, bonuses etc. are given, so it is very convenient.
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