XM Trading is a popular FX trader all over the world. XM has a lot of bonuses and support, and due to its high reliability and contract power, it is very popular and the number of users is increasing. There must be many people who want to start trading with XM, but can anyone open an account? I think that some people are worried about whether minors can open an account in FX or whether they can open an account because there is an examination.
- How to open an XM account
- How old do you have to be to open an account?
- Can an unemployed person or a student open an account?
- Is the examination lax?
- You can trade even if you have little income or assets
- At XM, there is no rejection due to educational background
- Examination days
- How do I receive the account opening bonus?
How to open an XM account
Please refer to the article below regarding how to open an account with XMTrading. A list of procedures, required documents, and certificate submission is provided. It is very popular among overseas FX traders and recommended for investment. There is no debt risk as the zero cut rule is adopted. Starting with a standard account, traders can also receive a basic bonus. There are also MT4 and MT5 platforms.
How old do you have to be to open an account?
You must be 18 years old to open an account with XM. XM not only allows you to open an account, but of course you can also trade. If you are 18 years old, you can do FX even in high school without parental consent. Basically, it is the reality that it is almost never dropped in the examination of FX account opening. In other words, the limit is only age, so the possibility of being dropped in the profession is low.
Can an unemployed person or a student open an account?
At XM, students, part-time workers, and unemployed people can pass the examination. In the application form for opening an account, there is no field for entering employment information or employment history. XM does not consider whether you are a part-time or full-time employee, income, etc. to be particularly important, and you can open an account without any problems. At XM, almost anyone over the age of 18 can open an account as long as they can prepare the required documents and enter their phone number, address, name, etc. without making any mistakes. You may be asked about your net worth, but it is not given much importance. Be sure to have your ID (My Number Card, driver’s license) ready. You can also create additional accounts.
Is the examination lax?
For Forex traders, there is no particular problem with who opened an account, rather, they would like many people to open an account and trade. Please be aware that if you enter false information or if the address you entered is different from the submitted documents, you may be suspicious and your application may be rejected.
Also, even if you pass the screening, if you enter false information, your account may be frozen due to suspicion, so please do not register with false information. If your account is frozen, you will have to start over from opening the account again.
You can trade even if you have little income or assets
XM actually doesn’t charge any fees to open an account. It can be set up completely free of charge. Furthermore, when you open an account, you will receive an account opening bonus of 3000 yen, so you can start trading for free. If you are a beginner, you will probably lose all the time at first and will probably run out of money, but if you are an experienced player, you can trade for free and continue to make money. Trading and scalping using automatic trading systems are also possible and there are no restrictions. Investors can also participate in campaign programs.
At XM, there is no rejection due to educational background
It is unlikely that you will be rejected based on your academic background. The reason is that XM has never asked me to fill out detailed educational background. In the first place, in the case of FX, success is not determined by educational background. Therefore, it is unlikely that you will be rejected based on your academic background. Currently, it is more important for investors to submit identification documents and certificates such as utility bills and health insurance cards.
Examination days
It takes about 1 business day for XM to review your application. At XM, even if you are unemployed or have no income, you can create an account if the name, address, and contact information you filled in are the same as the documents you submitted. Since XM’s examination standards are clearly lower than insurance and credit card examinations, the reality is that the possibility of being dropped is low unless you enter false information.
How do I receive the account opening bonus?
You can receive the XM account opening bonus by registering on the official website and submitting your identification documents to activate your account. Let’s start by getting to the point where we can enable it. XM holds a financial license and has a wide range of financial products such as currency pairs and virtual currencies. Deposits and withdrawals are supported by bank transfer, bitwallet, etc.
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