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XM Account Opening 2026: Types, Deposit & Verification
Complete guide to opening an account with XM. Minimum deposit: $5. Available account types, KYC requirements, and step-by-step instructions.
By Lisa Martinez•Updated 2026-03-01•Fact-checked by James Wilson
Minimum Deposit
$5
Max Leverage
1:1000
Platforms
MT4, MT5, XM App
Islamic Account
Yes
Demo Account
Yes (30 days)
Copy Trading
Yes
XM Account Types
**Micro Account** — Min. deposit: $5. Micro lots (0.01 = 1,000 units). Spreads from 1.6 pips.
**Standard Account** — Min. deposit: $5. Standard lots (1 = 100,000 units). Spreads from 1.6 pips.
**Ultra Low Account** — Min. deposit: $5. Spreads from 0.6 pips. No commission.
**XM Zero Account** — Min. deposit: $5. Spreads from 0.0 pips. Commission $3.50 per lot per side.
**Shares Account** — Min. deposit: $10,000. DMA stock trading. 1,200+ global stocks.
Verification & KYC Process
XM offers a fast and straightforward account opening process that can be completed online in minutes. The broker provides four main account types to suit different trading styles and experience levels: Micro (for beginners), Standard, Ultra Low (best value), and XM Zero (for scalpers). All accounts feature a $5 minimum deposit except the Shares account which requires $10,000. Verification requires government-issued ID and proof of address. Demo accounts are free with $100,000 virtual funds. Islamic swap-free accounts are available upon request.
Available Trading Platforms
XM supports the following trading platforms: MT4, MT5, XM App. MetaTrader 4 (MT4) is available for those who prefer the industry-standard platform. MetaTrader 5 (MT5) is also supported with enhanced features.
Demo Account
XM offers a free demo account: Yes (30 days). A demo account allows you to practice trading with virtual money before committing real funds. This is especially valuable for beginners learning the platform.
Frequently Asked Questions
To open an account with XM, visit their website and click "Register" or "Open Account". You'll need to provide personal information, complete identity verification (KYC), and make a minimum deposit of $5.
The minimum deposit for XM is $5. Some premium account types may require higher deposits.
Yes, XM offers a demo account: Yes (30 days). This lets you practice with virtual funds before trading with real money.
You typically need: 1) A valid government-issued photo ID (passport, national ID, or driving license), and 2) Proof of address (utility bill, bank statement, or government-issued document dated within the last 3 months).
Yes, XM offers Islamic (swap-free) accounts that comply with Sharia law. These accounts do not charge or earn overnight interest.