Types of XM accounts

XM is one of the leading global brokers in the Forex and CFD markets, offering a wide range of account types designed to meet the needs of traders at all experience levels. Selecting the right account is a key step toward trading success, as it determines execution conditions, contract sizes, and applicable costs.

This guide provides a detailed overview of XM’s account options, highlighting the features of each type and offering practical advice on how to choose the one that best suits your goals and trading style.

1. Micro Account

    • Minimum deposit: $5
    • Contract size: 1 micro lot = 1,000 units of the base currency
    • Leverage: Up to 1:1000
    • Spread: From 1.0 pip

Best for: Beginners who want to enter the market with minimal capital and trade in smaller lot sizes.

Advantages:
    • Low starting capital requirement
    • Reduced risk compared to larger accounts
    • Ideal for testing strategies in a live trading environment with small positions
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2. Standard Account

    • Minimum deposit: $5
    • Contract size: 1 standard lot = 100,000 units of the base currency
    • Leverage: Up to 1:1000
    • Spread: From 1.0 pip

Best for: Intermediate to experienced traders who prefer larger lot sizes.

Advantages:
    • Potential for higher returns due to larger contract sizes
    • Flexibility for implementing advanced strategies
    • Same spread and execution conditions as the Micro Account 
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3. XM Ultra Low Account

    • Minimum deposit: $50
    • Contract size: Available in both micro and standard sizes
    • Leverage: Up to 1:1000
    • Spread: From 0.6 pips with no additional commission

Best for: Traders seeking the lowest spreads for precision strategies such as scalping and day trading.

Advantages:
    • Very tight spreads
    • No additional trading commissions
    • High-speed execution
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4. Shares Account

    • Minimum deposit: $10,000
    • Contract size: Varies according to the traded share
    • Leverage: Not available (direct stock trading)
    • Spread: Market-dependent

Best for: Investors interested in trading global stocks rather than Forex.

Advantages:
    • Direct access to international stock exchanges
    • Actual share ownership
    • Suitable for long-term investment strategies
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How to Choose the Right XM Account

When selecting an XM account, consider the following:
    1. Available capital: For smaller budgets, the Micro or Standard Account may be most suitable.
    2. Trading style: If you prefer scalping or day trading with low spreads, the XM Ultra Low Account is a strong choice.
    3. Investment goals: For those focused on equity markets, the Shares Account provides direct stock trading.
    4. Experience level: Beginners often start with the Micro Account, while more experienced traders may opt for larger lot accounts.

Tips for Maximizing Success with XM

    • Start with a small capital base if you are new, and risk no more than 1–2% of your account per trade.
    • Use a demo account to test strategies before committing real funds.
    • Learn both technical and fundamental analysis to identify optimal entry and exit points.
    • Stick to a clear trading plan and avoid making emotional decisions in volatile markets. Learn the most powerful proven trading strategies here

XM’s diverse account offerings cater to all types of traders from newcomers testing the waters to professionals executing complex strategies, and from small-scale Forex traders to long-term stock investors. Choosing the right account is the foundation for consistent performance in the markets, and XM provides the flexibility and conditions to support your trading journey.