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195. XM Account Types and Leverage: A Complete Guide for Traders | Forex BD.

Min. Deposit: 5 US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, cTrader, Web Trader
Regulation: ASIC #443670, FSC #000261/309, CySEC #120/10, DFSA #F003484
Year Founded : 2009
Cryptocurrencies: ✅ Yes (50+)
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto, USDT

Are you new to trading and looking to open an account with XM? Or are you an existing client looking to learn more about XM account types and leverage? This article provides a complete guide to XM account types and leverage, including what they are, how they work, and which one is best for you. So, let’s get started!

Table of Contents

  1. Introduction
  2. What are XM Account Types?
    • Micro Account
    • Standard Account
    • XM Ultra Low Account
    • Shares Account
    • Islamic Account
  3. XM Leverage Explained
    • What is Leverage?
    • How Leverage Works in Forex Trading
    • Leverage in XM
  4. Choosing the Right XM Account Type and Leverage
    • Trading Strategy
    • Risk Management
    • Trading Experience
  5. Conclusion
  6. FAQs

What are XM Account Types?

XM offers five different account types to cater to the needs of traders with varying levels of experience and trading styles. Each account type has its own features and benefits. Let’s take a closer look at each one.

Micro Account

The Micro Account is designed for traders who are new to forex trading and want to start with smaller investments. This account type allows traders to trade micro lots (1,000 units of the base currency). The minimum deposit required to open a Micro Account is $5.

Standard Account

The Standard Account is the most popular account type offered by XM. It is designed for traders who have some experience in forex trading and want to trade standard lots (100,000 units of the base currency). The minimum deposit required to open a Standard Account is $5.

XM Ultra Low Account

The XM Ultra Low Account is designed for traders who want to trade with tighter spreads. This account type offers spreads as low as 0.6 pips and allows traders to trade standard lots (100,000 units of the base currency). The minimum deposit required to open an XM Ultra Low Account is $50.

Shares Account

The Shares Account is designed for traders who want to trade CFDs on shares. This account type allows traders to trade shares from over 20 global stock exchanges. The minimum deposit required to open a Shares Account is $10,000.

Islamic Account

The Islamic Account is designed for traders who follow Islamic principles and require swap-free trading. This account type has no swap or rollover interest charges on overnight positions. The minimum deposit required to open an Islamic Account is $5.

XM Leverage Explained

What is Leverage?

Leverage is the ability to control a large amount of money in the forex market with a small investment. It allows traders to trade with borrowed funds from their broker. For example, if a trader has a leverage of 1:100, they can control a position worth $100,000 with an investment of $1,000.

How Leverage Works in Forex Trading

Leverage is a double-edged sword. It can amplify your profits, but it can also increase your losses. For example, if a trader with a leverage of 1:100 trades a standard lot (100,000 units of the base currency) and the price moves 1%, the profit or loss would be $1,000. If the trader only invested $1,000, they would have made a profit of 100%, but if the trade went against them, they would have lost their entire investment.

Leverage in XM

XM offers flexible leverage options to its clients. The maximum leverage available for forex trading is 1:888, while the maximum leverage for CFD trading is 1:20. The amount of leverage available to each client depends on their trading experience, account type, and the regulatory requirements in their country of residence.

It is important to note that while leverage can increase profits, it also increases risk. Traders should use leverage wisely and always have a risk management plan in place.

Choosing the Right XM Account Type and Leverage

When choosing an XM account type and leverage, there are several factors to consider.

Trading Strategy

Your trading strategy will determine which account type and leverage are best for you. If you are a new trader, a Micro Account with lower leverage may be more suitable, as it allows you to start with smaller investments and lower risk. If you are an experienced trader, you may prefer a Standard Account with higher leverage to take advantage of larger market movements.

Risk Management

Risk management is crucial in trading, and your account type and leverage should reflect your risk tolerance. If you are a conservative trader, a lower leverage account may be more suitable. On the other hand, if you are a more aggressive trader, a higher leverage account may be more appropriate.

Trading Experience

Your level of trading experience will also play a role in choosing the right account type and leverage. If you are new to trading, it is recommended to start with a Micro Account with lower leverage. As you gain more experience and confidence, you can upgrade to a higher account type with higher leverage.

Conclusion

In conclusion, XM offers a range of account types and leverage options to cater to the needs of traders with varying levels of experience and trading styles. It is important to choose the right account type and leverage based on your trading strategy, risk management, and trading experience. Always use leverage wisely and have a risk management plan in place.

FAQs

  1. What is the minimum deposit required to open an XM account?
  • The minimum deposit required varies depending on the account type. The Micro Account requires a minimum deposit of $5, while the Shares Account requires a minimum deposit of $10,000.
  1. What is the maximum leverage available in XM?
  • The maximum leverage available for forex trading is 1:888, while the maximum leverage for CFD trading is 1:20.
  1. What is an Islamic Account?
  • An Islamic Account is a swap-free account designed for traders who follow Islamic principles.
  1. Can I change my XM account type?
  • Yes, you can change your XM account type at any time by contacting the XM support team.
  1. What is the XM Ultra Low Account?
  • The XM Ultra Low Account is an account type designed for traders who want to trade with tighter spreads. It offers spreads as low as 0.6 pips.
Min. Deposit: 5 US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, cTrader, Web Trader
Regulation: ASIC #443670, FSC #000261/309, CySEC #120/10, DFSA #F003484
Year Founded : 2009
Cryptocurrencies: ✅ Yes (50+)
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto, USDT
Top 10 Forex Brokers List
5/5

Name

Details

Rating

Min. Deposit: 5 US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, cTrader, Web Trader
Regulation: ASIC #443670, FSC #000261/309, CySEC #120/10, DFSA #F003484
Year Founded : 2009
Cryptocurrencies: ✅ Yes (50+)
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto, USDT
Max. Leverage: 1:100 | 1:2000 | Unlimited
Trading Platforms: MT4, MT5, Web Trader

Regulation: CySEC, FCA, DFSA, FSCA, FSA, CMA
Founded: 2008
Founders: Petr Valov, Igor Lychagov
Year Founded : 2008
Deposit Methods: VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto (MORE)

Min. Deposit: 50 US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, cTrader, Web Trader
Regulation:  CySEC #278/15,  Labuan FSA #MB/18/0028,  FSA-S #SD 008,  FSCA #FSP 49464,  FCA #717270
Year Founded : 2010
Cryptocurrencies: ✅ Yes
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto, USDT
Min. Deposit: 5 US$
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, MT5
Regulation:  CySEC #183/12,  FSC Mauritius #C110008214 ,  SVGFSA #22747 IBC 2015,  FSA S #SD015,  FSCA #46632,  DFSA #F004885,  FCA #801701
Year Founded : 2010
Cryptocurrencies: (5+) Bitcoin, Litecoin, Ethereum
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto, USDT (MORE)
Min. Deposit: 10US$
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, MT5, cTrader, Web Trader, (MobileApp)
Regulation: CySEC
Year Founded : 2009
Cryptocurrencies: ✅ Yes (30+)
Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Alipay, Bitcoin, Bitcoin Cash, Boleto, Ether/Ethereum, Litecoin, Local Bank Deposits, M-Pesa, Mobile Money, Monero, PerfectMoney, Ripple, WebMoney
Min. Deposit: 5US$
Max. Leverage: 1:30 | 1:3000
Trading Platforms: MT4, MT5, cTrader, Web Trader, (MobileApp)
Regulation: ASIC #426359, FSC #IFSC/60/230/TS/18, CySEC #331/17, FSCA #50885
Year Founded : 2009
Cryptocurrencies: ✅ Yes (30+)
Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Alipay, Bitcoin, Bitcoin Cash, Boleto, Ether/Ethereum, Litecoin, Local Bank Deposits, Mobile Money, PerfectMoney, WebMoney, USDT
Min. Deposit: 5US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, cTrader, Web Trader, (MobileApp)
Regulation: CySEC #372/18, SVGFSA #19776
Year Founded : 2011
Cryptocurrencies: (25+) Bitcoin, Litecoin, Ethereum
Deposit Methods: Bank Deposit, VISA, awepay, Bitcoin, FasaPay, Local Bank Deposits, Local Bank Transfers, Neteller, paytm, Skrill, UnionPay,  USDT
 
 

Leverage: 1:20 | 1:500
Regulation:  CySEC, FCA, DFSA, FSCA, FSA.
Min. Deposit: 50 US$
Min. Withdraw : 50 US$
HQ: Australia, Cyprus, and the UK.
Platforms: MT4, cTrader, web trading
EAs/Robots: ✅ Yes | News Trading: ✅ Yes | Scalping: ✅ Yes
Cryptocurrencies: 20+) Bitcoin, Litecoin, Ethereum
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, Crypto. USDT

 
 

Leverage: 1:20 | 1:500
Regulation: CySEC, FCA, DFSA, FSCA, FSA.
Min. Deposit: 100 US$
Min. Withdraw : 100 US$
HQ: Cyprus, the UK, Australia, and the United States.
Platforms: MT4, cTrader, web trading
EAs/Robots: ✅ Yes | News Trading: ✅ Yes | Scalping: ✅ Yes
Cryptocurrencies: 20+) Bitcoin, Litecoin, Ethereum
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, Crypto. USDT

 
 

Leverage: 1:20 | 1:500
Regulation:  CySEC, FCA, DFSA, FSCA, FSA.
Min. Deposit: 50 US$
Min. Withdraw : 50 US$
HQ: Australia, Cyprus, and the UK.
Platforms: MT4, cTrader, web trading
EAs/Robots: ✅ Yes | News Trading: ✅ Yes | Scalping: ✅ Yes
Cryptocurrencies: 20+) Bitcoin, Litecoin, Ethereum
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, Crypto. USDT

Min. Deposit: 50 US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, cTrader, Web Trader
Regulation:  CySEC #278/15,  Labuan FSA #MB/18/0028,  FSA-S #SD 008,  FSCA #FSP 49464,  FCA #717270
Year Founded : 2010
Cryptocurrencies: ✅ Yes
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto, USDT
Most Visited Forex Brokers
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Risk Warning: Trading on financial markets carries risks. Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, CFDs may not be suitable for all investors because you may lose all your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved and take into account your investment objectives and level of experience.
Disclaimer : Forexbd.ltd is not encouraging anyone to do forex/stock trading, as there are investments and financial risks involved. ForexBD channel or videos are educational and informative. Before deciding to invest in the forex market, you should carefully consider your investment objectives, level of experience, and risk appetite.

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