Go to XM website → Ad · 18+
Auron FX is an independent guide, not XM and not a broker. The buttons on this page open XM through our partner link, so XM may pay us a commission if you open an account. It does not change your trading costs. Read the XM review first if you are still comparing brokers.
Before you register: which XM entity serves you
XM is a group of several companies. Which one opens your account depends on your country of residence. Clients in the European Economic Area, Australia and some Middle East markets are normally served by locally supervised entities, with lower maximum leverage (reported as 1:30 on major instruments). Clients from many other regions are usually served by XM Global, an offshore entity. Review sites quote its licence details differently, so we do not repeat a number here. Open the legal documents inside your Members Area and read the exact company name on your agreement.
Country limits matter. Third-party reviews report that XM does not accept residents of the United States, Canada, Israel or Iran. Our review also lists regulator warnings in India and Singapore. If your country is excluded or warned about, do not register with a false address: accounts opened with false data are normally frozen when you try to withdraw.
Fake brokers copy the XM name. Before you type a password, check that the address bar shows the real XM domain over HTTPS, and ignore anyone on Telegram or WhatsApp who asks you to send money to a personal account.
What to have ready
- An email address you control and can keep for years (the Members Area login is tied to it).
- A mobile phone that can receive an SMS code.
- A valid government ID: passport, national ID card or driving licence, depending on what XM accepts for your country.
- A proof of address no more than a few months old: a utility bill, bank statement or similar document with your name and address.
- Your answers about income, employment and trading experience. Be honest, because they decide which products XM offers you.
Step-by-step: open an XM account
- Open the registration page from the button below, or type the official XM address yourself. Check the padlock and the domain.
- Choose your country of residence. This is not decoration: it decides the legal entity, the leverage limits, the payment methods and which promotions you can see.
- Enter your first and last name exactly as on your ID, your email and your phone number with the country code.
- Create a password. Use a long, unique one; a password manager is ideal. If the form has optional fields you do not understand, leave them empty.
- Tick the confirmations about terms and residency after reading them, then submit. XM sends a confirmation to your email.
- Click the link in the email and enter the SMS code. Your Members Area is now unlocked.
- Inside the Members Area, complete the profile: date of birth, address, source of income, employment and trading experience.
- Open a trading account: choose the platform (MetaTrader 4 or MetaTrader 5), the account type, the base currency and the leverage, and set a trading password.
- Upload your documents in the verification section (see below) and wait for the approval message.
The screens and wording can change, and the order differs slightly by entity. The principle is the same: contact details first, then profile, then trading account, then documents.
XM account types
The figures below are reported by third-party review sites in October 2026, not read from XM itself, and they differ between sources and entities. Treat them as a guide and confirm in your own Members Area.
| Account | Reported minimum deposit | Cost model | Notes |
|---|---|---|---|
| Micro | About $5 | Spread only | Smallest position size, 0.01 lot steps of micro contracts |
| Standard | About $5 | Spread only | Regular contract size |
| Ultra Low | About $5 | Lower spread, no commission | One review calls it the lowest-cost of the commission-free accounts |
| Shares | About $10,000 | Commission per share | Reported as XM Global only, no leverage |
| Zero | Check the cashier | Raw spread plus commission | Offered in select regions only |
Some sources say the Micro and Standard accounts are being phased out in favour of Ultra Low, so do not be surprised if you see fewer choices. Reviews also report that you cannot convert an account to another type, but you can open several accounts (up to eight is quoted). Base currencies reported include USD, EUR, GBP, JPY, CHF, AUD, SGD and ZAR, depending on the account; some regional entities offer fewer.
How to choose as a beginner
Take the cheapest commission-free account that your entity offers, which is usually Ultra Low or Standard, and keep the lot size tiny. Micro lets you trade very small sizes while you learn. Choose the base currency in which you will actually deposit, because a mismatch means a currency conversion every time you move money. Do not pick the Shares account unless you understand direct share dealing and have the required capital.
Platform, leverage and currency
XM supports MetaTrader 4 and MetaTrader 5, plus a mobile app and a web platform. MT4 is simpler and has many robots; MT5 has more instruments and timeframes. Read MT4 vs MT5 if you are unsure, and get the software from our XM download page.
Offshore entities advertise very high leverage, with figures up to 1:1000 reported. High leverage multiplies losses as quickly as gains. A new trader should choose a much lower level, such as 1:30 to 1:100, and risk a small percentage of the balance per trade. See lots and leverage and risk management.
Verification (KYC): documents, timing, rejections
XM verifies identity before it pays withdrawals, and often before you trade. You normally need two things:
- Proof of identity: a passport, national ID card or driving licence. All four corners visible, no glare, not expired.
- Proof of address: a recent utility bill, bank statement or official letter showing your name and full address.
We could not verify the official processing time, and it varies by country and by queue. Plan for anything from a few hours to a few working days, and send the documents early rather than when you want to withdraw.
| Problem | Likely cause | Fix |
|---|---|---|
| Document rejected | Blurry photo, cropped corners, screenshot instead of photo | Retake in daylight on a flat surface, upload the full page |
| Name mismatch | Profile name differs from the document | Correct the profile or contact support before uploading again |
| Address proof refused | Too old, no name, or a document type that is not accepted | Use a newer bill or bank statement with your name and address |
| Email or SMS code does not arrive | Spam folder, wrong number, operator filter | Check spam, confirm the country code, request a new code |
| Country not available | Your residence is excluded or served by a different entity | Do not use a false address; choose another broker |
Security settings
- Use a unique password for the Members Area and a different trading password for MetaTrader.
- Turn on any two-step verification the Members Area offers.
- Never share passwords or one-time codes with a "manager", a Telegram contact or anyone calling you. XM staff do not need them.
- Bookmark the real address and never log in through a link sent to you in a chat.
- Do not give anyone access to your account to "trade for you".
The XM welcome bonus question
Many people search for an XM welcome bonus or a no-deposit bonus. Here is what we can say honestly: such offers have existed at XM, but whether you can get one depends on your entity and country, they change or end without notice, and bonus funds usually come with trading conditions before profit can be withdrawn. Sites that quote exact amounts and expiry dates disagree with each other, so we do not quote a number. Check the current terms for your country on our XM bonus page and read the official conditions before you accept anything. A bonus is a reason to read the rules, not a reason to take more risk.
After registration
- Open a demo account and practise for a few weeks. See how to use a demo account.
- Write a simple plan with a risk limit per trade, using the risk management guide.
- Read XM deposit and withdrawal before you send any money.
- Install the platform from the download page.
- Compare other options in how to open a forex account, and grab our free honest trading guide.
Risk warning
Forex and CFDs are complex, leveraged products and carry a high risk of losing money quickly. Most retail clients lose money. Trade only with funds you can afford to lose entirely, and make sure trading with this broker is legal where you live. You must be 18 or older. This article is education, not investment advice.