How to Open an XM Account
A step-by-step guide to opening an XM account. The minimum deposit is $5 on all four account types. New accounts can receive a $30 where eligible account-opening bonus (official terms apply).
FX and CFDs are high-risk products and many retail traders lose money. 18+ only.
$30 where eligible No-Deposit Bonus for New Accounts
Open an account and receive $30 where eligible in trading credit without a deposit. Withdrawing profits made with the bonus requires meeting trading-volume and other conditions. Bonus amounts vary by country, entity, account type, and promotional period. Check the official XM site for the latest terms.
How to Open an XM Account
Here is the process. How long it takes varies from person to person.
- 1
Step 1 — Register Your Account
Open the account registration page on XM’s official site and enter your email address, a password and your country of residence.
Go to the bonus page - 2
Step 2 — Verify Your Identity
Upload a government-issued ID (passport or national ID) and a proof of address (utility bill or bank statement dated within 3 months). Check the official site for how long the review takes.
- 3
Step 3 — Make Your First Deposit (Optional)
The minimum deposit is $5 on all four account types. Payment methods and the actual amount depend on your account currency, payment method and region. The $30 where eligible bonus can be used without a deposit.
- 4
Step 4 — Download MT4 or MT5
Download MetaTrader 4 or MetaTrader 5 for desktop, iOS, or Android. You can also trade in-browser with the XM WebTrader. No installation needed for web.
- 5
Step 5 — Start Trading
Log in with your account ID and password to start trading. FX and CFDs are high-risk products and many retail traders lose money.
Check the terms before you apply
Check bonus eligibility, withdrawal conditions and the available account types on the official site before you apply.
See the terms on the official siteFX and CFDs are high-risk products and many retail traders lose money. 18+ only.
XM’s main terms (checked on the official site)
Frequently Asked Questions
How long does account opening take?
Filling in the registration takes a few minutes. Check the official site for how long identity verification takes.
What is the minimum deposit?
$5 on all four account types. The actual amount can vary with currency conversion, payment method and account type, so check the official screen before you apply.
Can I receive $30 where eligible without a deposit?
XM’s official site offers new clients who open an account a $30 where eligible account-opening bonus. The bonus itself cannot be withdrawn, and withdrawing profits made with it requires meeting trading-volume and other conditions. Check eligibility and conditions in the official terms.
What documents do I need?
A government-issued ID (passport or national ID) and proof of address dated within 3 months.
Is XM available in my country?
XM’s official site states that it does not provide services to citizens of the United States, Canada, EU countries, Iran, North Korea or Belize. Check the official terms for the latest list.
Check the official terms before you apply
$30 where eligible account-opening bonus · $5 minimum deposit · Operators registered with the Seychelles FSA and Mauritius FSC
Check XM bonus and applyFX and CFDs are high-risk products and many retail traders lose money. 18+ only.