If you have consulted information about the XM trading platform and decided to choose it to experience and make money, the following article Forex Trading will guide you through detailed step-by-step registration of an XM account, making it easy for you to register. import. At the same time, it provides in-depth information about the exchange so you can feel secure in choosing to trade. Let’s follow along!
Instructions for opening an XM account on a computer for new investors
To register a Forex account, you need to follow these steps:
Step 1: Visit the XM website
Visit the XM website at: https://www.xm.com.
XM‘s interface will display as follows:
To enter partner code, traders enter “WQD9K“ for best support. After filling in the information, check the box to agree to receive newsletters, company news, and product updates, then click the register button to proceed to the next step.
Step 2: Authenticate the account via Email activation
XM will send you a registration confirmation email. Please check your email inbox to confirm your account. (If you don’t receive the email, please also check your spam folder)
In the confirmation email, click the “Confirm Email” button.
Step 3: Login to your account on XM app
After successfully confirming your email, you need to download the XM app to your phone. Log in to your account on the app to verify your profile.
You need to access the App Store/CH Play, search and download the app to your phone.
After successfully downloading the application, you need to log in to your account on the application.
Step 3: Verify the profile
After confirming your email, you will be asked to authenticate your profile.
Fill in all required information on the interface.
Click “Add financial information”. Then start the authentication process by pressing “Start authentication”.
Click Start Authentication.
Select ID type as driver’s license or similar documents.
After selecting the type of ID to verify your identity, you need to take a photo of the front and back of the ID by placing the ID in the frame as required by the exchange.
Next, you need to verify your face by following the instructions provided by the exchange
After checking, the trader has completed his authentication step.
Now that traders have completed broker XM authentication, XM account information will be sent to your email. Usually, this will be approved within 24 hours.
Step 4: Deposit money into your account
Once you have completed the registration and authentication process, you can fund your account to start trading.
Select the “Deposit” section on the website, then choose the appropriate deposit method.
What are some things to note when opening an XM account?
Currently, when opening a Forex account, XM automatically chooses MT5 as the default system. You must distinguish between the two account types MT4 and MT5. For example, MT4 accounts require the use of MT4 software to execute trades, cannot use MT5 software, and vice versa.
If you have problems or difficulties when opening an account or depositing money, please contact the XM consultant by clicking on the chat icon at the top of the website interface. There is always online support staff available 24/7. The support exchange is in English from 9:00 a.m. to 6:30 p.m. every weekday.
Before starting the account opening process, there is a little tip I want to share with you. Delete the entire website history by pressing the key combination Ctrl+H. Then continue to clear the history to avoid problems caused by the computer browser cache during the account registration process.
Learn about the XM trading platform in detail
XM is an advanced forex and commodity trading broker. It brings a host of advanced features for forex trading. Includes stock CFDs, futures CFDs, metals, energies, and cryptocurrency pairs.
What is the XM Global trading platform?
XM was founded by Trading Point Holdings Ltd in 2009. After 12 years of operation, XM has developed into a powerful international investment company. The market leader with 3.5 million customers from 196 different countries. Has a team of experienced financial experts with more than 450 members. Support for over 30 languages, providing 16 comprehensive trading platforms. Also with more than 25 secure payment methods.
XM is a broker famous for its transparent information disclosure and quick order execution. This has attracted the interest of Japanese investors. A market with demanding traders who have high demands on service and quality.
What are the licenses and achievements that XM has achieved?
XM Forex has received recognition from many reputable financial regulatory organizations, including:
- License No. 120/10 issued in Cyprus from Cyprus Securities and Exchanges Commissions (CySEC)
- License number 443670 was issued in Australia by the Australian Securities and Investments Commission (ASIC)
- License number IFSC/60/354/TS/18 issued by International Financial Services Commissions (IFSC)
- License F003484 issued from Dubai of Financial Service Authority (DFSA)
With the licenses, XM complies with the regulations and is subject to the supervision of these organizations. To ensure the transparency of the exchange and protect the rights of each customer. Especially to prevent money laundering.
After more than 10 years of operation, XM has recorded significant achievements. The exchange has built its reputation:
- In 2015, XM was honored as the leading Forex trading platform. Awarded at the 5th China Financial Investment Fair.
- In 2016, XM was voted the top broker of the year by World Finance magazine.
- 2019 is the year that marks the biggest step forward for XM. This exchange has received countless important awards. For example: “Top FX Broker in Europe in 2019”. “Most trusted broker in Asia 2019”. “Best Broker of the Year” awards from leading magazines around the world.
- In 2020, XM continued to be awarded the title “Most Transparent Broker Globally 2020” by CFI.Co. Global Forex Awards awarded the title “Global Forex Broker of the Year 2020”.
Is trading on XM legal in the UK?
In the UK forex sector, management is still unclear by the authorities. Therefore, the licensing process for brokers to operate is still being adjusted and perfected.
However, international trading exchanges like XM still meet safety and security conditions for UK investors. XM is licensed by the world’s leading financial authorities. This provides a transparent trading environment and quality service.
Before deciding to invest, it is very important to learn carefully about XM. In particular, you need to consider information such as terms and conditions of transactions. In addition, you need to consider customer service, costs, and payment methods for deposits and withdrawals.
Evaluate the XM trading exchange about the tools and services on the exchange
XM is one of the popular trading platforms that many traders trust. It is not only in the UKmarket but also in the international market. So why does XM receive such special trust? Does it have outstanding advantages and also disadvantages? Let’s explore the XM trading platform through the review process below.
How reputable is XM Global?
XM is one of the leading reputable and trustworthy forex brokers today. Directly operated and managed by XM Global Limited. So you can rest assured about the safety of your transactions and the protection of your funds according to applicable laws and regulations. Broker XM takes the following measures to ensure safety and transparency in trading:
- Client money distribution policy: XM transfers client funds directly to their bank accounts at other companies. This is to ensure that the funds in your account are protected. The exchange cannot be used to pay debts if XM encounters financial problems or goes bankrupt.
- Separate bank accounts: XM always maintains client accounts and operational accounts with trusted banking institutions separately.
- Strict regulatory oversight: As a licensed forex broker, XM is subject to strict financial requirements. This includes maintaining sufficient capital to protect customer deposits and other costs. An independent audit department also regularly examines XM‘s annual financial statements.
XM products and trading platforms
XM offers investors a diverse range of trading products. From forex, cryptocurrency, and commodities to stocks:
- 57 currency pairs in the forex market
- 1184 stock CFD codes
- Trade stocks with over 100 different types of stocks
- 8 types of goods
- 30 stock indexes
- 4 precious metal products
- 4 energy products
With this diversity, investors have many options and can benefit from participating in trading stocks and securities. To create a great competitive advantage for XM.
XM trading platform
XM is the top choice of many traders. It is preferred because it has trading platforms from MT4 and MT5.
MT4 Trading Platform:
MT4 is no longer strange to investors in the Forex market. Popular for its ease of use and quick and automatic customer support. Key features of MT4 at XM broker include:
- Integrating many products such as Forex, and CFDs and continuously expanding.
- Synchronization with many different trading software.
- Low spreads from 0.6 pips.
- Provides diverse technical analysis tools with many indicators and charts.
- Supports many command types and can customize indicators according to user needs.
- Greater flexibility with trading chart types and supporting tools.
MT5 Trading Platform:
MT5, upgraded from the MT4 platform, brings several advantages and superiority. It offers more than 1000 different types of forex trading products. Along with that comes greater flexibility with chart types and support tools. The main features of the MT5 platform on XM Broker include:
- Integrates over 1000 different trading products, from currencies to energies and metals.
- Synchronize with 7 different products.
- Low spreads from 0.6 pips.
- Equipped with over 80 technical analysis tools and 100 different charts.
- Supports many order types and hedging features.
MT4 Multiterminal:
With MT4 Multiterminal, traders can manage multiple accounts quite easily. This tool allows traders to manage up to 128 accounts. Execute all types of forex trading orders and allocate them very flexibly according to the specific needs of each investor.
XM exchange bonus program
When you register an XM account, you will enjoy a bonus of up to 30 USD. For new customers joining XM, receiving the bonus will take place immediately after the account is verified. You do not need to perform any other procedures when trading. The process to receive the bonus is as follows:
- Create an XM account.
- Provide identification and address to authenticate your account.
- Click to request a bonus.
- Complete the confirmation processes according to the platform’s instructions.
After completing the above steps, traders will receive about 30 USD in bonus. To withdraw this bonus from the exchange, you need:
- Make at least 0.1 lots of standard volume trading.
- Complete at least 5 trading orders.
Additionally, a 15% welcome bonus will be offered when you deposit funds into your account. Will be refunded within 24 hours from the time of deposit. The bonus amount will be calculated as 15% of the amount you deposit, with a maximum of 500 USD. This amount can only be used for risk management and cannot be withdrawn. XM Ultra Low and XM Shares Account types will not receive this bonus.
Evaluate the XM exchange through customer support service
XM follows the operating motto of “Customers are always the focus”. So there is no discrimination against any customer. Regardless of their transaction volume. All XM clients receive the same service, support, and order execution speeds.
XM‘s Customer Care team is always available 24/5. The exchange supports customers with all transaction issues in many different languages. All customer issues will be resolved promptly and quickly through the following channels:
- Phone: +501 223-6696
- Email: unitedkingdom.support@xm.com
- Online support on the exchange’s official website.
However, if you are a new trader without much time or trading experience, you can choose XM‘s Forex EA to support the trading process. Let’s learn about EA Forex services right below!
See more: Broker XM: Explore the world of Forex fingertips
Is using EA Forex service on XM Broker reputable or not?
Expert advisors (EAs), also known as Forex robots or trading bots. These are software designed to automate transactions in the foreign exchange market.
Whether using the Forex Expert Advisor (EA) service on XM Broker is considered reputable or not depends on several factors. XM is a famous trading platform and has a long history in the industry. The exchange is managed and supervised by reputable financial institutions. They offer a wide range of trading services and products, including Forex EA support.
However, determining the reputation of an EA service on XM also depends on the quality of the specific EAs you use. If you choose EAs from a reputable and experienced developer and are careful in checking and controlling transactions, your ability to use EA services on XM Broker safely and effectively will increase. higher.
In general, XM Broker is reputable and provides support for Forex EAs. However, the use of this special EA service may depend on many factors. Including the quality and safety of the specific EA you choose.
What are the benefits of using Forex EA?
- Time saving and convenience: EA helps automate forex trading. Eliminates the need to constantly watch the market.
- Eliminate emotional factors: Using EA helps remove emotional factors from the trading process. This helps avoid decisions based on emotions. This is a major cause of failure for traders.
- Flexible and diverse: EAs can be used on many different asset types. It allows setting up complex algorithms to monitor multiple markets. This tool can use a variety of information such as price fluctuations and economic news. At the same time, you can also use technical indicators and many other tools.
- Backtesting capabilities: EAs allow you to test the feasibility of your trading strategy by running past data. This helps evaluate the EA’s effectiveness and adjust trading strategies.
- Order entry speed: EA can process information immediately when the market changes. This helps increase the speed of entering or exiting orders. To create a significant difference in investment results.
- Easy access: Using the automated trading system is easy with EA, helping beginners to apply it smoothly after learning.
Conclude
Hopefully, the information shared by Forex Trading in this article will help you expand your understanding of the Forex market and provide information about a new reputable trading platform, XM. This will help you have more options to choose the trading platform that best suits your needs and investment goals.
Frequently asked questions
What type of Forex broker is XM and how long has it been operating in this field?
XM is a financial brokerage that plays an important role in market-making by providing trading services for financial products through offering ‘bid’ and ‘ask’ quotes on its platforms. your online transactions. Since 2009, XM Broker has been a group of regulated online forex brokers.
Is XM licensed and regulated?
XM is licensed and regulated by reputable regulatory authorities in the regions in which they operate. This ensures that XM’s operations comply with the necessary regulations and standards. XM Global is an outstanding example when it comes to control. It is licensed by the Financial Services Commission (FSC) of Belize with license number 000261/309.
Where is XM’s headquarters located?
XM is headquartered in Belize City, Belize. This is where detailed contact information is provided to help customers access services conveniently. At the same time, XM also has representative offices in many cities around the world.
