Xm trading demo

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Xm trading demo

Feel free to contact us by live chat, call back, email or freephone 24 hours a day, 5 days a week (monday to friday).

Legal: this website is operated by trading point of financial instruments limited, registration number HE251334, with registered address at 12 richard & verengaria street, araouzos castle court, 3rd floor, 3042 limassol, cyprus.

Risk warning: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.04% 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. Please consider our risk disclosure.

Trading point of financial instruments limited provides investment and ancillary services to residents of the european economic area (EEA) and the united kingdom.

This website uses cookies

By clicking “continue”, you agree to the default cookie settings on our website.

XM uses cookies to ensure that we provide you with the best experience while visiting our website. Some of the cookies are needed to provide essential features, such as login sessions, and cannot be disabled. Other cookies help us improve our website’s performance and your experience through personalising content, providing social media features and analysing our traffic. Such cookies may also include third-party cookies, which might track your use of our website. You may change your cookie settings at any time.

For more information please read our cookie policy.

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Demo trading

Now you know the basics, you have chosen your broker, and you are even ready to open a demo account.

Having a demo account means the following:

You will trade on the live market

It is for free, and you can use it as long as you want

It simulates real trading conditions, but does not expose you to risk

You trade with virtual currency – with no danger of losing real money

You can test all possible trading strategies as many times as you want

You can learn to use a trading platform at your own pace

You can learn to read charts, follow market trends, open and close orders.

Disadvantage

Demo trading only exposes you to virtual risk, so it does not really give you the feel of proper risk management. Dealing with your emotions is as important as dealing with your money. And a virtual world doesn’t involve real emotions to the full.

So how can you learn to keep emotions out of your trading decisions?

Solution

Open a demo account, use it to test the basics, and after a while open a real trading account fit for beginners with smallest minimum deposit and flexible leverage.

And now you may ask yourself: when is the best time to switch from demo to real? A reasonable question to which there is no definitive answer. Forex trading is a learning process the duration of which depends on the individual. Besides, it also depends on your investment needs, expectations, and the time you dedicate to it.

At XM, you can keep your demo account parallel to your trading account for an unlimited time. You have the freedom to use your demo account to test strategies, and then use the most effective ones on your real account.

Learn forex

Master technical analysis

Build A winning trading system

Trade with excellence

Fundamental analysis

Major currency fundamentals

Trading point of financial instruments limited provides investment and ancillary services to residents of the european economic area (EEA) and the united kingdom.

This website uses cookies

By clicking “continue”, you agree to the default cookie settings on our website.

For more information please read our cookie policy.

This website uses cookies

By clicking “continue”, you agree to the default cookie settings on our website.

Read more, or change your cookie settings.

What are cookies?

Cookies are small data files. When you visit a website, the website sends the cookie to your computer. Your computer stores it in a file located inside your web browser.

Why are cookies useful?

Here is an overview of some of the functions our cookies provide us with:

Verifying your identity and detecting the country you are currently visiting from

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Trading advice

Is forex trading your cup of tea? You will know this after you have been doing it for a while. But nothing ventured, nothing gained, right?

Forex is not gambling

Forex trading is not about gambling or testing your luck at the roulette table. And it’s not about hitting the jackpot with a single lottery ticket. There’s much more to it!

A gambler is someone who risks his money and has no influence over what will happen to it. If he’s lucky, he wins – if he’s unlucky, he loses. A trader, on the contrary, is someone who decides for himself. He follows the market movements and decides when to take the profit. If the market turns against him, he decides how much he wants to risk.

Learn and practice

Every trader can have ups and downs in the forex market – just like in everyday life. To have more ups than downs, try to take it seriously, get to know more about it, build your own strategies, and follow a trading plan. But we will also tell you more about this later.

Also, don’t expect immediate success. A little knowledge is a dangerous thing – this doesn’t mean that you need to study every single aspect of trading to make good profits, but try to develop your knowledge and skills gradually over time.

Do it the clever way

Knowing what you want from forex trading is the best starting point. It’s easy to take a plunge into it right away, but having a good plan before you do it will work out better for you in the long run. Give yourself time to adapt to forex, and you may even discover your hidden talents.

It would be naïve to think that it’s always easy or that trading forex will make you the shah of persia in two days. Forex has amazing opportunities, but you must be clever and know what, how, when to trade.

Consider these trading tips

Understand the basics of forex trading

Choose a regulated online broker with excellent trading conditions

Start 100% risk-free trading on a demo account

Choose the right trading tools and learn how to analyze the market

Watch the market, as it’s never the same – and adapt your decisions to how it moves up or down

Learn to read trading charts and indicators

Develop your own trading system

Keep a trading diary and note what works and what doesn’t so that you don’t make the same mistake twice

Know your strengths and weaknesses

Forget about emotions when you sit down to trade and don’t start banging the wall if you closed a trade that didn’t work out as you hoped

Keep a cool head and be patient, remember to follow your trading system and act when the best trade shows up!

Learn forex

Master technical analysis

Build A winning trading system

Trade with excellence

Fundamental analysis

Major currency fundamentals

Trading point of financial instruments limited provides investment and ancillary services to residents of the european economic area (EEA) and the united kingdom.

This website uses cookies

By clicking “continue”, you agree to the default cookie settings on our website.

For more information please read our cookie policy.

This website uses cookies

By clicking “continue”, you agree to the default cookie settings on our website.

Read more, or change your cookie settings.

What are cookies?

Cookies are small data files. When you visit a website, the website sends the cookie to your computer. Your computer stores it in a file located inside your web browser.

Why are cookies useful?

Here is an overview of some of the functions our cookies provide us with:

Verifying your identity and detecting the country you are currently visiting from

Checking browser type and device

Tracking which site the user was referred from

Allowing third parties to customize content accordingly

Xm trading demo

XM trading platform review was conducted by the team of our professional forex experts for those who want to invest with XM.Com trading platform. Formerly founded in 2009 as trading point of financial instruments ltd, it is a regulated forex broker in the republic of cyprus. The company was originally established by a group of interbank traders who required to recover the level of services in the forex trading communal. Through XM, traders now have access to the cfds, commodities and forex marketplaces.

Featured site

One of the foremost advantages of trade with XM is the information that the company is founded in cyprus, a member nation of the eurozone. This mean it meets the lowest fiduciary standard essential of a financial service provider working in the eurozone. By the way, it is also registered with the UK’s financial services authority (FSA) and federal financial supervisory authority of germany (bafin) thus giving extra protection to traders.

XM forex trading platforms

Maximum forex brokers offer an industry-leading platform such as MT4 and combine this with a good mobile app. It provides 9 platforms, five of which are keen to desktop computers and 4 that are keen to mobile traders. They really do not leftover any chance to live up to the right of “valuing trading competence” and provide for traders of all levels and necessities. These stages are below defined in brief detail.

XM MT4 download

This is XM’s version of the commerce-leading mt4 platform. It is extremely configurable and effortlessly suited to both novice and expert traders alike. It provides a live news feed and a wide technical analysis abilities. The MT4 platform also joins one click trading along with their manual trading feature, and even permits you to setup eas to mechanically place trades for you. Actually, there are a sum of add-ons and applications that will assistance you trade and progress your approaches. Trade cfds, futures and forex with no requotes and no refusals on this platform.

MT4 multiterminal

The multiterminal platform is mainly intended for money managers or traders who use manifold accounts and perform multiple order types instantaneously. Several of the features of MT4 are presented, but eas are not permissible as the terminal is planned for managing numerous accounts simply. Multiterminal doesn’t offer tech study either, but it does provide financial news and system signals in real-time, accompanied by numerous execution models intended to meet the necessities of those who essential to manage numerous accounts.

Mac MT4

This is a mac friendly version of the extremely popular metatrader4 platform. This version of the platform comprises all of the functionality and features defined above, but permits traders to usage the platform on apple computers without the essential to run a parallel windows emulator or windows desktop.

XM.Com MAM

As revealed previous, it look like to be the “one broker for all” as they offer a huge number of explanations. If you are an account or portfolio manager, or you are attentive in managing numerous accounts with the comprehensive features of metatrader4, this is the platform for you. Unlike MT4 multiterminal, XM MAM permits automated trading with eas and offer the technical analysis and charts you’d expect from metatrader4. There is so much more to this platform as it even permits numerous account pockets to manage numerous MT4 trading accounts through one main account. If this sounds right to your necessities, we endorse you speak with the support team to completely understand the functionality and features available here.

Webtrader

This is online trading platform. It is well-matched with mac, PC and any other apparatus accomplished of running a browser. No download is essential. Just open the platform from XM.Com in your browser and increase complete access to your trading accounts instantly. Traders can take benefit of a number of tools to increase their trading skills and trade with no rejections and no requotes. Like the metatrader4 platform, the webtrader 4 platform offers one-click trading, market analysis, an economic calendar and streaming news. It’s influential, capable and flexible. It comes extremely optional.

Ipad trader

XM brings MT4 to all ipad users by their ipad trader platform. It offers admittance to your metatrader4 account and presents actual interactive charts with scroll and zoom functionality. It also delivers real-time estimates of financial instruments, a complete set of trading tools and a comprehensive trading history, confirming that traders can examine their progress precisely. Unlike certain apps, this is far from an extra and really does provide an imaginary remote trading knowledge.

Iphone trader (IOS), mobile trader (windows mobile), droid trader (android) – mobile operators are not left imperfect as XM provide a mobile solution for all main smartphones. Their mobile platforms provide exceptional trading suppleness by bringing you a mounted down version of MT4 to your fingertips. They all provide direct access to your account and offer actual quotes of financial tools. The platforms also offer a complete set of trade orders comprising pending orders, 30 technical indicators, trade history, and the aptitude to trade straight from charts.

How do I open a XM demo account? XM demo forex

How do I open a XM demo account? XM demo forex

Open forex a demo account. Click open demo

Get account number and password.

Download metatrader 4 and log in to it using the received data.

Start forex trading on demo account.

How do I log into my XM demo?

Now you will be prompted to select between login with existing account /open a demo account.

On clicking either login with existing account/open a demo account, a new window opens.

Enter XM in the search field.

Click the XM.COM-demo icon if you have a demo account, or XM.COM-real if you have a real account.

Step 1: click the “deposit” button from my account.

My account XM demo ccount, click “deposit” button on the menu on the left side of the screen.

Step 2: select deposit option. …

Step 3: enter the amount you want to deposit. …

Step 4: enter credit card information. …

Step 5: successful deposit.

Trading point holdings ltd is the holding company of trading point of financial instruments limited, XM global limited,
trading point of financial instruments UK limited, trading point of financial instruments pty ltd, and trading point MENA limited.

Trading point of financial instruments limited is authorised and regulated by (cysec) (licence number 120/10).
XM global limited is authorised and regulated by (IFSC) (license number 000261/106).
Trading point of financial instruments UK limited is authorised and regulated by (FRN: 705428).
Trading point of financial instruments pty ltd is authorised and regulated by (AFSL 443670).
Trading point MENA limited is authorised and regulated by the dubai financial services authority (DFSA) (reference no. F003484).

XM review and tutorial 2021

XM.Com offer a range of account types and a low minimum deposit to appeal to all levels of trader. With 1000+ markets and low spreads they offer a great service.

XM.Com deliver ultra low spreads across a huge range of forex markets. Flexible lot sizes, and micro and XM zero accounts accommodate every level of trader.

XM review; touted as the next generation broker for online forex and commodity trading, XM global webtrade is suitable for beginner and seasoned traders alike. Traders can get started with the trading software real account, or test the waters with a demo account platform with $100,000USD of virtual currency.

Highlights of this particular broker service include auto trading, no hidden fees or commissions and fast order executions, with 99.35% taking place in under 1 second.

Company details

XM group (XM) is a group of regulated online brokers. Trading point of financial instruments was established in 2009 and is regulated by the cyprus securities and exchange commission (cysec 120/10).

Trading point of financial instruments pty ltd was established in 2015 and is regulated by the australian securities and investments commission (ASIC 443670).

XM global was established in 2017 and is regulated by the international financial services commission (000261/106).

The platform boasts over 1.5 million clients with traders in 196 countries. The XM ethos is all about being big, fair and human. The company prides itself on things like excellent customer service and a personalised approach for every client, no matter their investment goals.

XM trading platform

XM offers 2 trading platforms which are accessible from both real and demo accounts. The multi-award winning metatrader 4 is predominantly a forex trading platform that supports stop, limit, market and trailing orders.

The metatrader 5 platform is a multi-asset trading platform which also offers access to stocks, stock indices and precious metals. Both platforms are available on apple and android devices, which makes for a smooth and easy-to-use mobile trading experience.

The trading area offers additional, optional tools, such as economic calendar or trade volume stats.

Assets / markets

This broker has more than 1000 financial instruments which can be traded on the MT4/MT5 platforms and this includes forex trading, stocks cfds, commodities cfds, equity indices cfds, precious metals cfds and energies cfds.

Forex trading is available on over 55 pairs, including the major USD, GBP, EUR and JPY pairs.

XM does not offer binary options or futures.

Spreads & commission

Spreads vary depending on the kind of account opened. It’s possible to open a micro account, standard account and XM zero account. The minimum spread across all accounts is 0.1 pips, and the average spread for a major pair such as EUR/USD is 0.1 pips.

XM operates a strict “no hidden fees or commission” policy. As such, commission is only given for XM zero accounts. XM covers all transfer fees and same-day withdrawals are guaranteed.

Leverage

Depending on the instrument, the leverage can range from 2:1 to 30:1. This is completely flexible and XM offers its clients the chance to manage their own leverage risk. Margin requirements remain constant throughout the week and never widen at weekends or at night.

This leverage applies to clients registered under the EU regulated entity of the group.

XM mobile apps

XM is available on a number of android and apple devices, including apple iphone, apple ipad and android tablets and android phones. Login is super-easy and can be done via fingerprint. You can download their apps from the apple app store or the google play store.

They are both fully functional and allow for monitoring and trading on-the-go. The desktop platforms for PC and mac both support one-click trading.

XM global trading platforms

Payment methods

In line with conventional KYC regulations, users need to provide a colour copy of an official identification document such as a passport or a driver’s license. They also need to provide a recent utility bill dated within the last three months as proof of address.

Once registered, the minimum deposit amount is $5 for micro and standard accounts, while zero accounts require a minimum deposit of $100.

Deposits can be made using most major credit cards, electronic payment methods, wire transfer, local bank transfer and more.

Deposits can be made in any currency and it will be automatically converted into the currency you select as your base currency when opening the account.

All withdrawals are processed in 24 hours and there are no fees to take your money out of your ewallet.

Demo account

XM excels in its demo account offering. Users can set up a demo account with just a few details and then get trading with a virtual balance of $100,000USD. The XM demo account is unique in that it offers exactly the same trading conditions as the real thing.

There are no time limits on how long you can use your demo account.

Bonus deals and promotions

XM also offers a free VPS (virtual private server) service to help increase the speed of trades. This VPS is accessible from anywhere and available 24/7. They claim to eliminate downtime and are available across the globe.

XM are also offering commission and fee free withdrawals and deposits.

As an EU regulated brand, XM comply with the ESMA ban on bonuses, and the $30 deposit bonus is no longer available to EU traders.

Regulation and licensing

As noted above, XM group has a range of brands covered by different regulators.

XM group (XM) is a group of regulated online brokers. Trading point of financial instruments was established in 2009 and is regulated by the cyprus securities and exchange commission (cysec 120/10).

Trading point of financial instruments pty ltd was established in 2015 and is regulated by the australian securities and investments commission (ASIC 443670).

XM global was established in 2017 and is regulated by the international financial services commission (000261/106).

Additional features

One of the biggest perks available on the XM platform is the wealth of training and educational materials available. The platform hosts regular webinars aimed at newcomers and seasoned professionals alike.

The platform is inherently social, encouraging users to learn from their team of instructors. The company also published research and technical analysis.

XM MT4 and MT5 forex trading

XM account types

There are four levels of trading account, micro, standard and zero. All accounts allow up to 200 open/pending positions per client.

Micro accounts: micro accounts can use USD, EUR, GBP, CHF, AUD, JPY, HUF and PLN as the base currency and can get started with a minimum deposit of $5USD. 1 micro lot is 1,000 units of the base currency.

Ultra low accounts: XM ultra low accounts, can use EUR, USD, GBP, AUD, ZAR, SGD as the base currency and traders will require a minimum deposit of $50 USD. 1 standard ultra lot is 100,000 units of the chosen base currency, whereas, 1 micro ultra lot is 1,000 units of the base currency. XM ultra low accounts are not applicable to all entities of the group.

Standard: standard accounts can use USD, EUR, GBP, CHF, AUD, JPY, HUF and PLN as the base currency and traders can get started with just $5USD. 1 standard lot is 100,000 units of the chosen base currency.

Zero accounts: zero accounts can use USD, JPY and EUR as the base currency and traders will require a minimum deposit of $10USD. Like the standard account, 1 standard lot is 100,000 units of the chosen base currency.

Benefits

XM offers a full-service education package on forex, ideal for those making their first steps into trading.

However, this isn’t at the expense of the more seasoned professional, who also have access to expert analysis and unparalleled tracking tools. As a company that prides itself on solid customer service, their users are well-served with support available in many different languages.

Drawbacks

While the support may be strong, some users dislike that customer support is only available monday to friday. Another disadvantage is the lack of diversity between the different account types makes for a less personalised feel.

Other brokers offer more a distinct offering in their accounts, but the micro, standard and zero accounts are almost identical. And finally, paypal deposits are not currently supported, which can be problematic for some.

Traders from certain regions are also forbidden to open an account due to licensing laws, these include canada and the united states.

Trading hours

In line with worldwide forex market hours, XM is available 24 hours a day. For phone trading, the XM trading hours are sunday 22:05 GMT through to friday at 21:50 GMT.

Contact details / customer support

The easiest way to contact XM is through their live chat feature found on the contact page of their website.

You can also email support on: support@xm.Com

Safety and security

There are no obvious security concerns with the website. Users are required to confirm their email address in order to open a demo account but signing up for email updates is not a requirement. In order to open a trading account, identification documents are required.

According to the company privacy policy, XM has organisational procedures in place to ensure that personal data is kept secure.

Overall verdict

XM offers a comprehensive broker service to traders of all levels. Whether you are just starting out and learning the ropes, or if you’re a seasoned trader looking for a reliable and efficient platform, XM is a solid choice.

Despite the shortcomings with the different account options, the platform is easy to use and simple to navigate.

Accepted countries

XM accepts traders from australia, thailand, united kingdom, south africa, singapore, hong kong, india, france, germany, norway, sweden, italy, denmark, united arab emirates, saudi arabia, kuwait, luxembourg, qatar and most other countries.

Traders can not use XM from united states, canada, israel, iran, portugal, spain.

Members area access

Use your MT4/MT5 real account number and password to log in to the members area.

New to xmtrading?

Tradexfin limited is regulated by the seychelles financial services authority under securities dealer’s license number SD010. | privacy policy | cookie policy | terms and conditions

TPS management limited with offices at steliou mavrommati 80B, agios pavlos, 2364, nicosia, cyprus.TPS management limited is wholly owned by tradexfin limited.

Risk warning: forex and CFD trading involves significant risk to your invested capital. Please read and ensure you fully understand our risk disclosure.

Restrictions to accessing our services may apply to individuals being a national of, or a resident of, the following — but not limited to — countries:

Albania, the bahamas, barbados, botswana, cambodia, ghana, jamaica, mauritius, myanmar, nicaragua, pakistan, panama, syria, uganda, yemen, zimbabwe.

We do not provide our service to citizens of the united states of america, canada, EU countries, iran, north korea, and belize.

You must be 18 years old, or of legal age as determined in your country. Upon registering an account, you acknowledge that you are registering at your own free will, without solicitation on behalf of xmtrading.

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk warning: your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our risk disclosure.

This website uses cookies

By clicking “continue”, you agree to the default cookie settings on our website.

Xmtrading uses cookies to ensure that we provide you with the best experience while visiting our website. Some of the cookies are needed to provide essential features, such as login sessions, and cannot be disabled. Other cookies help us improve our website’s performance and your experience through personalising content, providing social media features and analysing our traffic. Such cookies may also include third-party cookies, which might track your use of our website. You may change your cookie settings at any time.

Read more, or change your cookie settings.

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Cookies are small data files. When you visit a website, the website sends the cookie to your computer. Your computer stores it in a file located inside your web browser.

Why are cookies useful?

Here is an overview of some of the functions our cookies provide us with:

Verifying your identity and detecting the country you are currently visiting from

Checking browser type and device

Tracking which site the user was referred from

Allowing third parties to customize content accordingly

Change settings

Please select which types of cookies you want to be stored on your device.

XM demo account

XM com demo account login, open free XM.Com demo account and trade currencies free of charge, download XM.Com forex trading virtual account free. For more information about XM demo account you can visit XM review by forexsq.Com forex website.

XM.Com demo account

You may be new to forex trading, so a XM.Com demo account is the ideal choice to test your trading potential. It allows you to trade with virtual money, without exposing you to any risk, as your gains and losses are simulated. Once you have tested your trading strategies, learned about market moves and how to place orders, you can take the next step to open a trading account with real money.

What is a XM.Com forex trading account?

A forex account at XM is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies.

Forex accounts at XM can be opened in micro, standard or XM zero formats as shown the table above.

Please note that forex (or currency) trading is available on all XM platforms.

In summary, your forex trading account includes

1. Access to the XM members area 2. Access to the corresponding platform(s) similarly to your bank, once you register a forex trading account with XM for the first time, you will be required to go through a straightforward KYC (know your customer) process, which will allow XM to make sure that the personal details you have submitted are correct and ensure the safety of your funds and your account details.

To do a XM com demo account login you need to sign up with the broker website and its free. By opening a forex account, you will be automatically emailed your login details, which will give you access to the XM members area.

By this article about XM com demo account login now you know how to open free XM.Com demo account and trade currencies free of charge or download XM com forex trading virtual account free. For more information about XM.Com demo account you can visit XM reviews by topforexbrokers.Com comparison and ratings forex brokers or fxstay.Com forex trading website.

If you like this article about XM demo account then share it please.

XM demo account: tutorial & review

When attempting to trade on the markets for the first time, a free demo account provides you with a risk-free method of doing so. XM allows you to swiftly improve your trading skills with its demo account options. In this article, we’re going to cover the following points:

How to open a demo account

How to get started

XM demo account review

Advantages of an XM demo account

How to open an XM demo account

1. Head over to the XM demo account page

Click the link found HERE to head directly to the XM demo account registration page.

Alternatively, before you sign up, if you want to find more about the XM, you can navigate to the provider’s home page. Here, the demo account can be accessed by hitting the red button, which reads ‘open a demo account’.

2. Fill out your personal details on the demo account registration page

As a regulated broker, XM is required to complete a certain degree of ‘know your client’ data fields. There are benefits to this. Firstly, you know you’re likely to be registering with a bona fide operation. Secondly, you can begin to tailor your account to your own personal preferences.

There is, for example, the option to set your account to one of 23 languages.

Scrolling down, the same screen brings you to the ‘personal details’ area.

There are 11 account base currency options, which is more than is found at some other brokers. Leverage is set at 1:30, which ties in with ESMA regulations and is another tell-tale sign that this broker is regulated.

3. Choose your preferred account type

There are two types of accounts to choose from:

Standard – A great account to start trading with. Compatible with both the MT4 and MT5 trading platforms.

XM zero – A new account type compatible with MT4 and MT5. It features ultra-thin spreads, as low as zero pips, and great liquidity guarantees such as XM's no re-quotes execution policy.

Although demo trading uses virtual funds, there is nothing wrong with starting out using an account, which offers an incredibly cost-effective means of trading the markets.

There is also an XM micro account, which will appeal to newer traders. This account offers a neat way to transition from a demo account to live trading with real funds. It’s to XM’s credit that it provides an account where traders can trade in very small trade size.

In the micro account, 1 lot =$1,000 compared to 1 lot = $100,000 in the standard and zero alternatives.

Those considering the step up to live trading will also be cheered by XM’s move to make opening balances very low compared to their peer group. The micro and standard accounts can be opened with balances as low as $5.

4. Choose your preferred trading platform

XM offers the ever-popular metatrader platforms. They come packed full of powerful software tools. There are over 30 indicators as standard, each designed to help you spot trading opportunities.

The expert advisors function allows you to copy the ideas of some of the brightest and most successful traders out there.

Metatrader4 MT4 — the MT4 platform at XM offers a range of markets that might surprise you. At XM, you can use MT4 to trade over 1,000 markets. The platform is the number one choice for millions of forex traders, but at XM, cfds on stock indices can be traded, as well as cfds on gold and oil.

Metatrader5 MT5 — the MT5 platform has some nice-to-have additional features. There is a market depth function and more than 80 analytical objects. All are intended to help you generate a profit. It also supports trading in single-stock cfds.

One major selling point is that at XM, you can open both types of accounts — more chances to test out the best products in the market.

Set your password. Keeping that information secure will mean only you have access to your account. Then hit the big green button and you’ll ‘open A demo account’.

Your account is now ready.

XM Demo Account Registration successfull

The onboarding process requires a few final stages to be completed.

Step 1 — confirm your email address

In order to complete the registration process, click on the link received after your registration to confirm your email.

Take this quick quiz to help us find the best path for you

Start trading the instruments of your choice on the XM MT5, available for both PC and MAC, or on a variety of mobile devices. Alternatively, you may also want to try out the XM webtrader, instantly accessible from your browser.

Step 3 — log in to the platform

Start trading on your demo account on the platform of your choosing using the password created during your registration process and the MT5 ID given to you.

You may need to check your spam folder if the message is not displayed in your inbox.

Your login details will then allow you to access the markets in up to 15 different ways.

Getting started

After you have authorised the set up by clicking on the first mail from XM, your user ID will be sent in a second email.

In our demo, we opted to first try out the MT5 webtrader platform. It asked for our login ID and invited us to input a password of our choice.

The default setting is of the global equity indices. These appear in the market watch monitor on the left-hand side of the screen.

To access different markets, we simply right-clicked on the market watch monitor and selected ‘show all’. Moments later, the market watch monitor now also includes markets ranging from hilton hotels corporation to major, minor and exotic currency pairs.

Right-clicking on the main chart allows us to adjust ‘properties’ and select the graphics we think will best help us keep track of the markets.

XM demo account review

Putting on your first trade in MT5 will offer you a chance to feel the accuracy and power that makes the platform so popular.

We also recommend trying out the one-click trading function. This is a demo account after all and experimenting with all the features is part of the fun.

Within a very short period of time, it’s possible to build a broad portfolio of positions.

The learning process really steps up when you click on the ‘insert’ option in the header bar and select indicators. This takes you through to the ‘oscillators’ and other charting tools, which make the platform so popular.

The great thing about the demo account at XM is that you can enjoy a trading experience very much in line with live trading.

You can follow real-time market developments. Adapt your trading strategies accordingly, learn how to place orders to buy and sell. Positions, and the profits or losses associated with them, can be tracked using real prices. In the same was as if you were using a real trading account.

Advantages of A demo account

Fast-tracked learning — the fairly ubiquitous training materials found online can be really useful. A demo account not only helps you skip some of those lessons but offers hands-on experience, which helps them really count.

Testing — follow the lead of institutional investors and use virtual accounts to test out new strategies.

New tricks — demo accounts can be particularly useful when branching out into unfamiliar territory. Whether it is a particular currency pair, or an entire asset group, such as cryptocurrencies, demo accounts are a great first step to trading new things.

Information is power — A demo account gives you the opportunity to really get to know how your broker works. There are plenty of alternatives and demo accounts are free, so if it’s not a good fit you can easily move on.

Operational risk — ‘fat finger’ errors plague all traders, even seasoned pros. It’s just that the top guys have learnt they need to know their systems and check their trades. A demo account offers an insight into how to do this and a chance to practice.

The bottom line

The XM demo account does not have a set time-limit on it. There is kick-out, which is triggered after 30 days of inactivity. However, XM is very encouraging of traders who want to set up a demo account again.

One of the great things about demo account trading is that it’s risk-free. Do bear in mind though that the switch to trading real funds can play tricks on your ‘trading psychology’. One top tip is that when that time comes, start trading in small size.

While demo account trading allows you to improve your skills very quickly using virtual funds, there are two aspects that they can’t simulate.

The first is the execution time for buying and selling. Order execution speeds may be relatively fast — even faster than having the same order executed on a real account. In this sense, the results achieved may be over-optimistic.

The second is in terms of trading psychology. Demo trading only exposes you to virtual risk. Or put slightly differently, your demo trading isn’t risk-free, but virtually risk-free. That’s a big step away from live trading where dealing with your emotions is crucial to being profitable.

The micro account available via XM is a welcome tool for those looking to make that step up, but traders do need to be aware of how important it is.

Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage . 75 % 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 .

So, let's see, what we have: open a demo account and access multiple MT4 and MT5 trading platforms instantly. Start with a $100,000 virtual balance and trade the instruments of your choice. At xm trading demo