What to Prepare Before You Register
Opening an XM account is a low-friction process: the minimum deposit is $5 and a phone that can receive a verification email is enough to start. Have two documents ready — a government-issued ID for identity verification and a proof of address issued within the last three months (a utility bill or bank statement). Most complete applications are approved within minutes; blurry photos and expired proofs of address are the two most common reasons for delays.
Choosing Between the Three Account Types
XM offers Micro, Standard and Ultra-Low accounts. All three are commission-free and work on MT4 and MT5; the differences are contract size and spread structure:
| Account | Min. deposit | Spreads | Contract size | Best for |
|---|---|---|---|---|
| Micro | $5 | From 1.0 | 1,000 units/lot | Beginners and small balances |
| Standard | $5 | From 1.0 | 100,000 units/lot | Most traders |
| Ultra-Low | $5 | Lower; see live spreads on the official site | 100,000 units/lot | Spread-sensitive traders |
If you are unsure, start with Standard: its contract size matches the convention used by mainstream market software, so position sizing stays intuitive. Pick Micro when the budget is tight or you want to validate a strategy with the smallest possible positions. A full comparison with rebate differences is available in our XM account types comparison.
Opening the Account in Four Steps
- Enter the registration page via our XM link, fill in your email and basic details, and choose the account type and account currency (USD is recommended — the widest channel coverage and the least conversion friction).
- Log in to the member area, verify your email, then upload your ID and proof of address. Identity checks usually clear within minutes.
- Fund the account from $5. Bank cards, e-wallets and local payment options follow the official list; most e-wallet deposits arrive instantly.
- Download MT4 or MT5 and log in — contract specifications, spreads and swap rates are visible on every instrument's quote.
Don't Forget to Link Your Rebate
Accounts opened via our link keep the exact official conditions: same spreads, same leverage, same bonus eligibility. On top of that, every closed lot earns a cash rebate under the XM rebate schedule — $9 per forex lot and $26 per gold lot on Standard and Micro, $4 per forex lot and $9 per gold lot on Ultra-Low. The previous day's rebate is credited automatically to the MyWallet in your XM member area at around 12:00 noon each day. Instrument-level details and settlement rules are covered in the XM rebate guide.
FAQ
How much do I need to open an XM account?
All three account types start at a $5 minimum deposit. Fund what your planned position sizes actually require — there is no need to front-load.
How long does verification take?
With clear documents, approval is usually automatic within minutes. Blurry IDs or expired proofs of address go to manual review; re-upload sharper copies and it moves again.
I already have an XM account — can I still get rebates?
Existing accounts need their introducing-broker attribution moved to us before rebates can be tracked. The process and caveats are described in the XM transfer guide.
Can I start with Micro and switch to Standard later?
Yes. You can request an account-type change in the member area or simply open an additional account and run both; rebates follow each account's own schedule.
