XM Account Opening 2026: Types, Deposit & Verification

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.

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.

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.

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.