XM Account Opening

Page Summary

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. 

Broker Comparison

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. 

Available in

Country Availability
Australia Yes
Canada No
China No
Germany Yes
Hong Kong Yes
India Yes
Ireland Yes
Japan No
Malaysia Yes
Netherlands Yes
Singapore Yes
South Africa Yes
United Arab Emirates Yes
United Kingdom Yes
United States No


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

Minimum deposit $5 $100 $50


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

Base currencies 11 8 4

Opening Accounts 

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. 

Final Verdict 

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:
XM review


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