In this article, we will explain whether it is possible to re-register an XMTrading account, whether it is possible to cancel the account even if it is dormant or frozen, and the causes and precautions. I’m glad I canceled my XMTrading account, but I still want to do it again. Some people may think so. With XMTrading, you can easily re-register even after canceling or withdrawing your account. Therefore, it is not impossible, so let’s calm down and deal with it.
Re-registration procedure after account cancellation
XMTrading allows you to easily re-register even after canceling your account. You can re-register in the following ways. Open your personal page from the official website of the operating company. You can also ask questions to support. With a standard account, you can receive loyalty points and bonuses, and there are plenty of campaign programs. There are many stocks, and the maximum leverage is 1000 times, so you can also reduce the lot size. Even if you incur a loss, a stop loss is applied. Be careful, if you use bonuses on your XMTrading account and make too much money, you will be required to declare it in your tax return.
If 24 hours have not passed since the withdrawal request
Even if you apply for account cancellation or withdrawal from XMTrading, you can cancel the application immediately within 24 hours. There are three ways to do this: If you have applied for account cancellation/withdrawal by mistake, please try one of the methods within 24 hours. Please note that if you leave the account unattended for 90 days, the account will become dormant. Please note that there is a $5 account maintenance fee.
- Make a trade (order/settlement)
- deposit funds
- Activate account
If the withdrawal procedure has been completed
If you have completed the withdrawal procedure from XMTrading operations, you can re-register using the same procedure as opening a new account. Since you will be creating a new account, you will need to submit your identity verification documents again. Our fees are low and we recommend this company compared to other companies. Please refer to the article below for details. With a micro account, the trading volume is small, so even beginners can reduce risk and feel safe. It is also possible to receive bonuses.
Add/re-register multiple accounts
It is completely impossible to re-register additional accounts that have been canceled or deleted by XMTrading. You can obtain your trading history after canceling your account by contacting the XMTrading Support Center. Please check whether you need your trading history before canceling your account. Be sure to also check the general terms of use. If you do something wrong, your account may be canceled or left unattended for violations, and it may not be possible to revive it, and your account may be frozen.
Points to note when re-registering an account
If you need to re-register, there are reasons and precautions to take, as follows. Re-registration is generally possible with overseas FX brokers, and they also offer demo accounts. You receive XMP points every month, and traders can trade using their preferred methods, such as automated trading and scalping. Swap points are also reflected when trading across days. MT4 and MT5 can also be downloaded. If your account is frozen, you will not receive a bonus and it cannot be revived, so you will have to leave your account alone. If you make money, you will also need to file a tax return.
account opening bonus
If you are re-registering an account, the name information of the previous account is stored by XM, so even if you create a new account, you can only receive the account opening bonus once and cannot receive it a second time. Please note that the basic account opening bonus is limited to one time per name either way. The bonus can be used as margin, but it will disappear if you withdraw the amount. Also, with account types such as KIWAMI, it may not be possible to use bonuses such as deposits. However, of course, customers can save profits for at least a long period of time because the spreads are narrow. Use financial services at your own discretion at first.
deposit bonus
The deposit bonus is available as a service for the amount of the bonus received minus the unearned bonus in the account before cancellation. The deposit bonus may be reset at irregular intervals, and there are many cases where it fluctuates greatly and is reset when you re-register after canceling your account. When trading using the functions of the tool, it is easy to make a profit, so please adjust it. There are many limited-time promotions, and if you qualify, you will receive a different bonus.
If your account is frozen
If your account is frozen because you have committed an illegal act or prohibited action and have been penalized for violating the rules, there is no need to cancel your account from the system. When an account is frozen, it is automatically canceled. Therefore, please register as a new user. If your account is frozen, you will not be able to transfer funds, hold positions, or withdraw your balance, so you will have no choice but to leave it as is. Your account will either disappear or you will have to negotiate with the support desk to get it reinstated.
For dormant accounts
If you leave your dormant account for up to 90 days, it will be officially archived. Once this happens, it will become dormant and you will no longer be able to make investment trades. An account maintenance fee will be charged during this period, so try to delete it if possible, or reactivate it. Campaigns and bonuses will also be zeroed out and will not be applied. There are also FAQs on the official website, so please refer to them. Since you don’t know when your account will be archived, make sure to remove any cash from your account number. There is a system in place that allows you to reopen your account, so there’s no need to rush. Just apply for the details from the home page right away when you start.
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