XM is a trustworthy online broker with a beginner-friendly account opening experience. The service is entirely online and user-friendly. The average time required for account opening is 24 hours.
|Rating||5.0 stars||5.0 stars||5.0 stars|
|Account opening time||1 day||1 day||1 day|
This article discusses the XM account opening characteristics.
The main criteria to consider when selecting a brokerage firm is whether XM is available in your country. XM is available in 15 countries, including Australia, India, and the United Kingdom.
|United Arab Emirates||Yes|
XM has straightforward account opening requirements. To create an account with this broker, you’ll have to submit proof of residency and identity. XM has a fully digital account opening process done on the company’s website.
When the registration is complete, you’ll have to transfer a minimum deposit to your new brokerage account. The minimum deposit fee at XM is $5. Remember that the initial commission varies depending on the funding methods you choose. Read our in-depth reviews to learn more about minimum deposit fees at XM.
Minimum Deposit Comparison
A trustworthy online broker offers access to many account tiers. XM has accounts suitable for different levels of experience and trading skills. It allows you to trade in 11 base currencies. Check fees and account availability at XM in our in-depth reviews.
Base Currencies Comparison
The steps for opening a brokerage account at XM are simple. You have to choose an account tier, submit personal data, and upload proof of identity. After you go through these standard steps, you will review the information and sign a virtual contract. As soon as your brokerage account is approved, you will begin transferring funds. Once the transfer is complete, you’ll start trading.
XM is a leading online broker because of its user-friendly account opening process. It provides a rapid service with a focus on user experience. Read our in-depth reviews to learn more about XM.
XM compared to other brokers:
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.