We will introduce and explain the precautions and benefits of adding and opening multiple accounts in MT trading on XMTrading. XMTrading allows you to divide your funds into multiple accounts and trade by opening additional accounts. With XM, each person can have up to 8 accounts, so you can open multiple accounts with different account types and trading platforms and use them for different purposes. To open an additional account with XM, you must first open a first real account.
XMTrading features and company overview
XMTrading is one of the most famous overseas FX brokers. On the official website, there are both bonuses and campaigns that can be received, loyalty points (XMP), and cashback, and it is very rich and compared to others, it is quite fulfilling and can be used. Each stock is very large, and zero cuts are also adopted, so risks are limited. The leverage is 500x and 1000x, and can be changed. It is also possible to cancel the account. Some accounts are not eligible for bonuses.
If you don’t trade, it will become a dormant account.
XMTrading allows you to create additional accounts. If you leave the additional account untraded without any problems, it will become a dormant account after 90 days have elapsed. Please note that there is a monthly account maintenance fee of $5. You can also maintain or delete your account at will. Bonuses, etc. will always decrease if you transfer margin, funds, or transfer between accounts. You can operate the screen 24 hours a day on your smartphone and it is very easy to use.
Contract is very high
XMTrading has high contracting power as standard, allowing for fast settlements. You can make the payment yourself. In the case of long-term swing trading style, some swap points will be awarded and earned if you trade over multiple days. We also have a license from the Financial Services Agency. There is also a position loss cut and zero cut function even if the amount or balance becomes negative or more.
Plenty of platforms
Metatrader (MT4, MT5) is available as a platform and you can choose the most suitable one. 9 types and 21 types of chart indicators are available. Profit and loss can be stabilized. Operation and startup are quick, and lot setting and order execution status are also quick. Trader can be downloaded from the official website, and at the same time it is recommended to update it.
There are also prohibited trades
If you violate the operating company’s terms of use, prohibition rules, or service management, support may impose penalties such as freezing your account. However, officially, there are no restrictions on investment operations such as double-denomination, scalping, and automatic trading (EA) in the system. There are also many types of stocks, such as CFDs, currency pairs, and stock indexes, so you can use them properly. There are differences in processing depending on the brand, such as 200x leverage and 100x leverage. Even if you incur a loss, there is a compulsory loss cut, so you can rest assured.
Additional account opening procedure
I will introduce the procedure to open an additional XM trading account.
login
Log in to your XM Trading My Page.
Click to open an additional account
There is an additional account opening button above My Account, so click it.
Enter details
Enter and select each item in the trading account details.
Trading platform type: MT4/MT5
Account type: “Standard” “Micro” “Zero” “KIWAMI pole”
Account base currency: “JPY” “USD” “EUR”
Leverage: 1:1 to 1:888
Account Bonus: Choose whether or not to receive a bonus.
Finally, set a password for your account. The password must be 8-15 characters long and must contain uppercase letters, lowercase letters and numbers. After entering the password twice, tap or click the “Open real account” button at the end
email confirmation
When you tap or click the “Open a real account” button, you will receive an email from XM with “Account details”, so let’s check it.
The email contains the ID and server name of the additional account you opened, so please do not lose it.
Notes on additional accounts
Please keep the following points in mind when opening an additional account.
account opening bonus
Even if you create an additional account with XM, you will not receive an account opening bonus of 13,000 yen. This is because you can receive the account opening bonus only once per account, and it is determined that it will only be reflected in the first account you open.
deposit bonus
While you can’t get a new account opening bonus, you can receive a deposit bonus up to the maximum amount.
Transfer of funds
If you create an additional account, you may be able to transfer funds from the existing account to the additional account. The bonus will also move according to the percentage of the transferred funds
Up to 8 accounts per account
XM allows you to open up to 8 accounts per account. If you have already opened 8 accounts, you cannot open additional accounts.
Submission of proof documents
If you have a real account that has already been activated, you do not need to submit any proof documents. Application time is completed in just 1 minute, and additional accounts can be used immediately.
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