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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.

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Open xm real account

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.

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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Gamitin ang numero ng iyong MT4/MT5 real account at password para makapag-login sa members area.

Bago sa XM?

Legal: ang website na ito ay pinapatakbo ng trading point of financial instruments limited, rehistrasyon blg. HE251334, na may rehistradong opisina sa 12 richard & verengaria street, araouzos castle court, 3rd floor, 3042 limassol, cyprus.

Babala sa risk: ang cfds ay kumplikadong instrument at may risk ng mabilis na pagkalugi ng pera dahil sa leverage. 78.04% ng mga retail na investor ang nalulugi kapag nagti-trade ng cfds. Kailangan mong isaalang-alang kung naiintindihan mo ang cfds at kung kakayanin mong tanggapin ang risk ng pagkalugi ng iyong pera. Tingnan ang aming risk disclosure.

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How do I open a real account in metatrader 4?

Metatrader 4 (MT4) for windows windows

Metatrader MT4/MT5 for webtrader

Metatrader 4 (MT4) for mac mac

Metatrader 4 (MT4) for ios ios

Metatrader 4 (MT4) for android android

How to open a real account in metatrader 4

For many traders, the financial markets offer a great way to invest in a variety of financial instruments from anywhere in the world. However, to increase the chances of succeeding in the markets, you need to select the right trading platform as well as a good strategy, money management, knowledge, and educational resources.

Of all the trading platforms available to traders, metatrader 4 (MT4) is by far the most popular, especially among those trading forex or cfds (contracts for difference. In fact, over 95% of forex brokers offer this platform on their sites. Created by metaquotes, MT4 has a reputation for being a stable platform with various tools and features capable of handling the fast-paced financial markets. This article explains how to open a real trading account in MT4.

Getting started with MT4

Metaquotes no longer allows traders to download the MT4 platform directly from the metaquotes website. You have to download MT4 software directly from your broker’s official site and to do this, you have to sign up for an account with the broker.

To set up an account, you need to visit your broker’s site and select the sign up option. This option will depend on the broker’s site set-up. For instance, some brokers will have a ‘sign up’ option while others will have a ‘start trading’ or ‘open live account’ option. After choosing to sign up you can follow the steps required by the broker.

1. In most cases, you will have to provide the information required by your broker. The typical details will include personal information such as your name, address, contact information, country of citizenship, ID or passport number, tax identification details, and your date of birth to ensure that you are over 18 years. Regulated brokers may also require additional information including your employment status, annual income, trading experience and objectives, and net worth.

2. Read and accept the broker’s terms and conditions.

3. Provide the requested documents to verify your identity. Brokerage companies are required to onboard clients through a KYC (know your customer) process and each broker will have their own requirements regarding the documents they need to verify your identity. Most brokers require your government-issued ID and proof of residence documentation such as your utility bill or bank statement.

Note: it’s unlikely that you will find a reliable broker who doesn’t require documentation and doesn’t ask questions. You should be wary of any brokers who don’t adhere to the KYC process.

Once you have uploaded your verification documents, your broker will review your application and contact you to let you know if your application was approved. Sometimes you may need to provide additional supporting documentation if the broker deems the initial documents insufficient to prove your identity. When the broker approves your application, they will provide you with account details including your account ID, account server, and passwords.

Start trading forex on spreads from 0.0 pips

Accessing the MT4 platform

With an account, you can now download metatrader 4 (MT4) software (MT4.Exe). Your broker will provide a relevant link to the software download page where you can select your preferred operating system or device. MT4 is available on windows, mac, linux, android, and ios.

MT4 on windows requires a version of windows XP and higher.

While MT4 was specifically created for windows, it wasn’t created specifically for macos. The MT4 client terminal can be installed and run on macos using a macos version of wine, a free software that allows users of unix-based systems to run applications developed for windows systems.

As with the macos, installing and running MT4 on linux requires that you use a linux version of wine.

To install MT4 on android, the system requirements are android 4.0 version or higher. The system supports both smartphones and tablets running the android system - simply download it from google play.

The MT4 app on ios is compatible with both iphone and ipad but it requires devices with ios 7.0 version or higher - simply download it from the app store.

After downloading the relevant software to your computer, run the file and follow the installation wizard to complete the installation process. By default, the installation will create an MT4 shortcut on your computer and automatically decide the location of the program files. You can choose to save the file in a different location by specifying the location during installation. When the installation process is complete, you can run MT4 by double-clicking on the shortcut created during installation. If you are downloading the software on mobile, you simply download and run the app without any additional set up. The MT4 terminal is not a data-intensive program so it will not take up a lot of space on your device.

What comes after downloading the MT4 software?

After completing the software download and installation successfully, you are ready to open your real account. However, you can’t instantly open the real account directly in the MT4 platform itself. To open a real account, you need to connect to your broker’s server.

1. Visit your broker’s site and in the account section, find and select the live trading option.

2. Select ‘metatrader 4’ from the platform selection.

3. Choose a trading account type with the conditions best suited to your trading needs. Brokers provide a variety of account options and many offer standard, micro, and mini accounts based on traders’ risk appetites and goals.

With the account type, you will also have to choose the various optimum trading conditions for your goals ranging from the leverage level to the base currency of the account. The base currency of an account can’t be changed and you will have to open an additional account if you wish to have an account denominated in another currency.

4. Read and accept the broker’s terms, conditions, and risk disclosures.

Note: it’s unlikely that you will find a reliable broker who doesn’t require documentation and doesn’t ask questions. You should be wary of any brokers who don’t adhere to the KYC process.

Once you have completed this process, your broker will likely send all the account parameters you chose for your new account to your email for your reference. When this step is complete, you are ready to fund your account. Note: due to the risky nature of the financial markets, brokers are legally required to provide risk disclosures which you will need to know before you begin trading. The brokers’ compliance with this requirement provides some degree of protection to traders as they navigate the financial markets.

Funding your real account in MT4

Unlike a demo account that requires no real capital outlay, a real account requires funding before you can start trading. You can deposit funds into your account by logging into your trading account, selecting the option to add funds, and following the instructions provided by the broker.

On the deposit page, you will be able to view all the available deposit methods and choose the one that is most convenient for you. Most brokers offer a wide range of deposit methods to cater to the numerous payment methods used by traders to trade forex or cfds from different parts of the world.

Once you have funded the account, you can now open and run the installed MT4 platform, i.E. You can now start trading. When you open the platform, you should get a prompt to enter the account authorisation login and password details provided by the broker when you open your account. You need to ensure that the ‘server’ field details match the details provided by your broker.

The MT4 investor password in your real account: what you need to know

When you receive your account details from your broker you will get an investor password in addition to your account ID and the main password which is also known as the master or primary password. The investor password is just another password you can use to log into your MT4 account but it’s important to know how it works, especially in a real account where your funds are at risk.

Unlike your main password which gives access to your entire account, the investor password only provides read-only access. This means you can use it, for example, when you want to show other traders your trading results or when you want them to evaluate your strategy without giving them complete access to your account. Use of the investor password is especially common for traders who allow other traders to copy their trades.

Put simply, each password gives you different permissions in the trading account. The investor password only allows for the viewing of open trades and account history while the main password gives you all trading permissions (you can access all areas of the account, open new trades, and change or close existing trades).

Unlike the main password, which you should safeguard and keep to yourself, you can share your investor password with anyone you choose. If at any point you wish to deny account access to the people you’ve shared the password with, you can simply change the password.

Where do you find the investor password?

In most cases, the investor password is created automatically by your broker when you open an MT4 account with them. You can usually find the password in the email sent by your broker once they verify your account and you can also access it in the mailbox available on the MT4 platform. In some cases, you can even create the password yourself if you have the main MT4 platform password.

Start trading forex on spreads from 0.0 pips

What to know before opening a real account in MT4

Opening a real account in MT4 is a big step that should be well considered. With a live account, you carry the risk associated with the financial markets and so it’s important to know what you are doing before committing real capital.

Take time to practice on a demo account first

The best way to learn how to trade with MT4 is with a demo account. This account allows you to see what works and what doesn’t in a risk-free trading environment. Starting with virtual funds without incurring real losses is a great way to practice before you transition to a real account in MT4.

A demo account is useful even to experienced traders. For instance, a trader who is experienced in forex trading in the forex market may not want to risk real capital when they branch into stock cfds trading and a demo account will be a great way to get a feel of the CFD market before switching to live trading.

When used diligently, a demo account provides a great platform to test out your strategy and the psychological aspects of trading. Nonetheless, you are likely to have a different mental state, decision process, and reactions to profits and losses when trading on a real account compared to a demo one. This is why it is important to stick to your trading plan if you want to succeed in the long run.

Consider the important factors

Your broker will play an important role in determining how well you do with your real account. It’s important to choose a broker with ample support for the MT4 platform to ensure that your trading is not disrupted if you ever experience any technical issues. You can also check if the broker offers any value-added services that add on to the stability and reliability of MT4.

Start off on the right foot

Setting yourself up for success with a real account in MT4

Never start trading on a real account in MT4 with more money than you can’t afford to lose. It may seem obvious, but it’s easy to feel like you know more than you do when starting out in the financial markets and this can lead to you taking unnecessary risks. Be prudent and start with small trades – a demo account can never fully prepare you for the emotions that come when your real money is at risk.

Open an account now

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DISCLAIMER: this material on this website is intended for illustrative purposes and general information only. It does not constitute financial advice nor does it take into account your investment objectives, financial situation or particular needs. Commission, interest, platform fees, dividends, variation margin and other fees and charges may apply to financial products or services available from FP markets. The information in this website has been prepared without taking into account your personal objectives, financial situation or needs. You should consider the information in light of your objectives, financial situation and needs before making any decision about whether to acquire or dispose of any financial product. Contracts for difference (cfds) are derivatives and can be risky; losses can exceed your initial payment and you must be able to meet all margin calls as soon as they are made. When trading cfds you do not own or have any rights to the cfds underlying assets.

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Question: what documents do I need to open an account with XM?

What are the requirements for XM trading account opening and fund withdrawals?

XM - what's now?

Leverage 1:888 does not apply to client registered under the EU regulated entity of the group. The maximum leverage for trading point of financial instruments is 30:1.

You can start trading without any documents though, you need to validate your account to withdraw funds.

To have your live/real account validated with XM, you need to provide two type of documents.

Identification document

Passport

Driver’s license

Identity card

Or other official identification document issued by authorities

The document needs to include full name, an issue or expiry date, address, date of birth, tax identification number and signature.

Proof of address

The document needs to be dated within the last 6 months and confirming the registered address.

You can provide these documents via email or the client portal.

For more information regarding to the verification, please contact XM support team.

How to submit the required documents to XM?

To submit the documents to XM, there are mainly 2 ways provided by XM.

The main way of submitting documents is using XM’s members area.

In the next page, you will see the details of the required documents and the specifications.

Uploading documents through the members are of XM is a secure and fast way to send them to XM’s compliance team.

Otherwise you can send the documents to XM’s compliance teams by attaching them to an email.

Why you need to submit the required documents?

XM is a brand used by international companies and they are all regulated and licensed by certain financial authorities.

To fit in the regulatory frameworks and follow directives, XM must process KYC (know your customer) procedure.

KYC can be completed by the client after providing all the necessarily information and documents to XM.

The account verification with documents is required in order to receive XM’s bonuses, withdraw funds and profits from trading accounts and to expand all the available options in XM’s members area.

If you cannot complete the account verification by submitting the documents, some of the features with XM may be restricted.

It is also the reason why you must fill in the account opening form with the correct and the latest information.

Additional documents required by XM

XM mainly requires the above mentioned 2 types of documents which are “ID” (identification document) and “POA” (proof of address).

But in some special cases, XM may request for additional documents.

The additional documents may be copies of your credit/debit cards and bank account statement.

In case of a corporate account, there are several more documents which must be provided to XM.

For more information, please contact XM support team from XM official website.

Post tags

#account opening

#broker

#CFD

#documents

#forex

#identification document

#investment

#live account

#proof of address

#real account

#trading

#trading account

#validation

#withdrawal

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Hercules.Finance is a financial education website powered by a team of financial specialists and IT experts, mainly introduce solutions of forex, CFD and commodity investment, and a number of payment services. With more than 30 partnered companies all over the world, hercules.Finance offers trusted and timely information for investors and users of the services. By referring to hercules.Finance, you can find all latest news/information, financial technical/fundamental analysis, main/exclusive bonus promotions of partnered companies and a number of educational materials of finance. For the list of all partnered companies, please visit here. For more latest information of the website, please visit hercules.Finance.

Risk warning

Foreign exchange and contracts for difference ("cfds") are complex financial products that are traded on margin. Trading forex & cfds carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, forex & cfds may not be suitable for all investors because you may lose all your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved taking into account your investment objectives and level of experience. Past performance of forex & cfds is not a reliable indicator of future results. All information on hercules is only published for general information purposes. We do not present any guarantees for the accuracy and reliability of this information. Please note the spreads displayed in the website are all included extra trading commissions, as it shows the whole commissions charged by each broker. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in connection with the use of our website.

How to open demo forex account (MT4 and MT5) with XM?

How to open XM demo account of MT4 or MT5 platforms?

XM - what's now?

Leverage 1:888 does not apply to client registered under the EU regulated entity of the group. The maximum leverage for trading point of financial instruments is 30:1.

Opening a demo trading account with XM

3 steps to open XM trading account in demo

Demo MT4 and MT5 trading accounts are for practice

Can I open multiple XM MT4/MT5 demo accounts? Any limitations?

What you must know when trading in demo accounts
1. You need first to understand what demo accounts are used for
2. The difference in performance is mostly due to technical and behavioural differences
3. Changing market conditions
4. How to seamlessly transition from demo to live account

What is online forex trading?

Why you should trade forex with XM?

Example of forex currency trading

7 things you must know before trading forex online
1. What is forex currency pairs?
2. What is bid and ask spread?
3. What is pip?
4. What is margin calls?
5. What is margin leverage?
6. Forex exchange market dynamics
7. Currency trading precautions

Access to XM’s forex educational materials for free

In this article, you can find out how to register for XM demo (virtual) trading account.

Opening a demo trading account with XM

XM provides its traders free demo trading accounts.

By opening a demo trading account with XM, you can experience their trading environment without risking your own funds.

At XM, demo accounts do not have an expiry date, and so you can use them as long as you want.

3 steps to open XM trading account in demo

To open XM’s MT4 or MT5 demo account, please follow the steps below.

Signup and register for XM online
you need to fill in some personal information. The online registration may take only a few minutes.

Install MT4 or MT5 trading platform
the download links for XM’s MT4 and MT5 platforms can be found in XM official website.

Login and start trading risk-free
the virtual money is already there as you have chosen. Now start trading to practice and experience the trading condition of XM.

After opening an account with XM, you can also access to XM MT4 and MT5 platforms through their mobile apps.

The download links for the XM apps can be found in XM official website.

Demo MT4 and MT5 trading accounts are for practice

One of the most important things to do before starting to trade with your own money is to use a demo trading account – no doubt about it.

Because a demo account is the place where every new forex trader learns how to deal with the ups and downs of forex trading.

However, demo accounts don’t always offer the same market situations as real trading accounts in terms of trading conditions.

Things such as initial trading capital, slippage, re-quotes, latency time in execution, spreads and liquidity gaps aren’t factors in demo accounts.

So, how can a trader best transition from a demo account to a real account and deal with these challenges?

Can I open multiple XM MT4/MT5 demo accounts? Any limitations?

There is no restrictions on the number of demo accounts you can open.

Demo accounts will expire if the account is inactive for longer than 90 days.

You can use it longer as long as the account is active.

To open an account, please visit the XM’s official website and proceed to register online.

For the account comparison table, please visit the page here.

What you must know when trading in demo accounts

1. You need first to understand what demo accounts are used for

XM’s forex demo accounts offer FX traders the opportunity to learn more about the trading platform, as well as to get familiar with the different types of orders and trading conditions they offer.

They also help FX traders get a feel for trading and market dynamics to avoid basic and unnecessary trading mistakes that might trigger avoidable losses.

New traders should, however, be aware that demo trading is limited .

For instance, they can’t properly validate your trading system and its profitability, because you do not have the same trading conditions as a real account – there are different psychological factors at play because it’s not your money.

Even though making money on a live account should be as simple as it is on a demo account, it’s not uncommon to hear traders say their strategy that made money on their demo account, is now not making much money at all after transitioning to a real account.

2. The difference in performance is mostly due to technical and behavioural differences

Brokers often offer demo account balances that are way higher than what you would normally deposit.

These unrealistic balances affect your risk, money and position management .

And these large virtual sums encourage traders to make riskier trades than they should.

This is an unrealistic basis on which to start trading, and it can also become a habit that might be hard to break.

3. Changing market conditions

Market conditions also constantly change, which can be relatively hard to manage for new traders, such as ranging versus trending markets and volatile versus quiet markets.

Not to mention demo accounts simulate an ideal trading environment, which you’re not likely to find in the real world – especially regarding processed orders, with your positions being executed at the exact price and time specified .

For these reasons, performance in demo accounts tends to be better than in real accounts where you have to deal with supply/demand constraints, your psychological issues and information transfer limitations, as well as other technical issues that can pop up from time to time.

Trading financial markets on demo accounts are also psychologically different than with real accounts, which most traders underestimate, if not outright misjudge.

While the mechanics are the same, behavioural changes happen, and your emotions often take over your reason, technique, and trading strategy.

This is because, with a demo trading account, you are using virtual money, while if you’re trading a live account, you are using your own money.

And there is no doubt that fear of losing money is the single biggest factor that affects every trader.

4. How to seamlessly transition from demo to live account

First, you need to recognise and accept you will face losses because they are inevitable at some point and they are a part of your learning curve.

It’s also important to only risk the money you can afford to lose.

Start small and always continue to trade small.

Then, it’s vital to trade according to your investment strategy described in your trading plan, with a focus on risk management rules with small positions and a risk/reward ratio of 1:3.

This trading plan will help you be more consistent with your profits and reduce your emotional engagement while trading, as it’s important to protect your emotional capital too.

Even though you might think to move from a demo to a real account is an easy step, it’s usually a struggle that can lead to avoidable losses.

“plan your trade and trade your plan”

Based on logic and reason, not emotions.

What is online forex trading?

Forex refers to trading in foreign exchange markets, i.E. Trading with currency.

The name forex originates from the english term foreign exchange, which means: currency or coins.

With daily sales of more than 5 trillion US dollars, it is the largest liquid financial market in the world.

You can also take advantage of the changes in value in the international foreign exchange market.

Make the most of the advantages offered by XM.

Excellent profit opportunities

Leverage effect of 1:888

No intervention from agents (execution of orders through NDD)

Low spreads, no costs or commission

Why you should trade forex with XM?

The trading of currency is based on the simultaneous nature of the purchase and sale of different currencies on the interbank market.

These transactions generate the exchange rates, therefore the value of any currency can be expressed in terms of any other currency.

Currencies are always traded in pairs. Therefore, it is not possible to buy or sell just dollars. Euros are bought or sold for dollars, dollars for yen, etc.

Currency trading uses the so-called leverage effects.

XM’s highest leverage of 1:888, for example, means that the trade becomes effective on the amount of capital invested multiplied by 888.

Thus the opportunities of making a profit increase substantially.

The decisive advantage of trading currency is in the limitation of losses (stop-loss-orders), whilst the opportunities for making profits are unlimited.

Example of forex currency trading

When trading with a batch (100,000 units of currency, for example USD) the value of the pip (smallest possible change in the value of a currency) is 10 USD.

You believe that the euro will increase against the USD, you buy the euro for 1.1605 and sell it for 1.1625.

Your profit: 20 pips (difference between 1.1625 and 1.1605).

Which is a profit of 40% on an investment of 500 USD.

The usual changes are normally about 100 pips per day.

7 things you must know before trading forex online

If you are new to forex trading, then you may want to learn about the market, platforms and create your strategy before.

By opening an account with XM, you can also access their educational materials for free.

XM will educate you to get started, and will continue informing you with the latest market news and trends.

Here are 7 things you must know before start trading forex online with XM.

1. What is forex currency pairs?

This is the most critical instrument for trading in foreign exchange markets, the most traded market in the world.

Currency pairs can be described as the rate of currency exchange relative to another currency.

Some of the most traded pairs of currencies in the forex market are; GBP/USD – pound, EUR/USD – euro, USD/JPY – yen, USD/CAD – canadian dollar, USD/CHF – swiss franc and the AUD/USD – aussie.

It is estimated that these currency pairs constitute up to 85% of the entire volume in the global foreign exchange market.

2. What is bid and ask spread?

Most currencies are quoted with a bid price and an ask price.

The bid price is usually quoted lower than the ask price because the bid price is the price at which the broker is willing to buy; it is therefore the price that the trader receives if he wishes to sell.

On the other hand, the ask price is the price at which the broker is willing to sell; this price should entice the trader take the marked-price and buy.

For example EUR/USD 1.2546/49, or 1.2546/9, means that the bid price is set at 1.2546 while the corresponding ask price is set to 1.2549.

3. What is pip?

This represents the smallest incremental move that is made possible through currency trading on the global futures exchanges.

Many brokers quote currency pairs to one extra decimal place so that the price can actually move in fractions of a pip.

The term stands for price interest point. For example a change in EUR/USD currency pairing from 1.2747 to 1.2762 is a move of 15 pips.

4. What is margin calls?

If the balance available in the trading account falls short of the maintenance margin, which is the required capital for keeping a position open, a margin call will occur.

When a margin call arises, the broker will either buy back in the event where a short position has been taken by the trader or sell-off the entire trades if the trader has bought.

If this occurs, the trader is left with only the maintenance margin left in his account, which is a stable low risk holding position.

Margin calls can also occur in situations where there is an occurrence of improper money management.

5. What is margin leverage?

In trading many financial markets, it is often a requirement to pay the full value of the trade before it is executed by the broker.

However, in forex trading all that is required for you to have available is a deposit for the margin and the remaining amount is covered by the broker.

XM offers leverage up to 1:888.

6. Forex exchange market dynamics

To demonstrate the market mechanics of a foreign exchange market trade, a situation may arise where a trader believes that the british pound is likely to rise in value.

The trader then decides to take action and put to risk 30 pips, thereafter in an event that sees the market move in the opposite direction to the trader’s position, the trader will end up losing 30 pips.

On the other hand, if the trade moves according to the trader’s beliefs, the trader will gain 60 pips.

Recent developments in technology have seen a rise in accessibility of the forex market. This factor has resulted in the growth in trading opportunities such as on-line trading platforms.

Another huge benefit today concerning currency trading is that players do not have to be big money hotshots or money managers to begin trading.

What this means is that any willing investor can enter and trade in this huge market.

7. Currency trading precautions

Traders and investors willing to invest in the forex market should understand that trading in foreign exchange on the basis of margin calls carries with it a high level of risk.

This essentially means that the forex trading market is not meant for every interested investor.

Potential forex currency traders should carefully consider their investment options, risk appetite and level of trading experience before taking up currency trading.

It is always critical before you decide to indulge in currency trading to have a good grasp of the foreign exchange trading basics, including the basic concepts and more complex strategies.

Some of the pertinent issues that you need to focus on prior to opening a live currency trading account include; risk management and trading psychology as well as any dynamics of the financial markets.

Forex trading may lead you to lose part or your entire investment portfolio; this means that traders should be careful not to invest money they believe they cannot afford to risk.

In case you are in doubt about any trading move or if forex trading is suitable for you, it is recommended to seek advice from a qualified independent financial advisor or an investment authority.

Access to XM’s forex educational materials for free

It is quite easy to learn how to trade on forex market – said on the websites of many broking companies.

Also it is confirmed by the experience of thousands of private traders worldwide.

However, there are many ways to learn forex trading.

For example you can visit special seminars held by professional traders to learn their methodology of trading and their vision, their experience, and probably you will be missing the core part of success – the elaboration of your own unique vision and trading strategy that can suit you much better and that can be much more beneficial for you.

You can learn on your own, searching for the right information in the internet, separating the truth from the lie, and wasting a lot of your time.

Or you can use the information provided on the website – XM have collected for you all, that will help you learn the basics of professional trading and to improve your skills and abilities, thus avoiding the many mistakes that beginners frequently make on the market.

All information on XM’s official website was collected by experienced analysts and traders, therefore, all the information will be accurate and relevant.

Have you already been trading with XM?

Leave XM broker review below in the main introduction page to let other traders know your experience.

Post tags

#account opening

#economic calendar

#forex

#learning center

#markets

#MT4

#MT5

#technical analysis

#technical summaries

#trade ideas

#virtual money

See the trading condition of this mega FX broker.

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Risk warning

Opening of accounts

Terminal allows to work with two types of accounts: demo accounts and real accounts. Demo accounts enable working under training conditions, without real money on them, but they allow to work out and test trading strategy very well. They possess all the same functionality as the real ones. The distinction consists in that demo accounts can be opened without any investments, though one cannot count on any profit from them.

Opening of a demo account #

A demo account can be opened by the "file – open an account" menu command or by the same command of the "navigator – accounts" window context menu. Besides, the terminal will offer to open a demo account at the first program start to begin working immediately.

The process of opening an account consists of several steps:

Selecting server

The first stage of account opening is selection of a server to connect to. Addresses of available servers, their names and ping are listed there. The most preferable is the server having the lowest ping. To perform additional checking the ping, you should press the "scan" button. After that the ping information becomes refreshed.

Also in this window you can add a new server to connect to. To do it, press the " add new server" button or the "insert" key. A server can be specified in different ways:

Write its address and port separated with a colon. For example, 192.168.0.100:443;

Write its domain name and port separated with a colon. For example, mt.Company.Com:443;

Write an accurate name of a brokerage company.

As soon as you specify a server, press "enter". To delete a server, select it and press the "delete" key.

Account type #

At this stage a user can specify details of an existing trade account or start creating a new one.

This window contains three options:

Existing trade account – if this option is chosen, it is necessary to fill out the "login" and "password" fields with the corresponding account details. A server selected at the previous step is displayed below these fields. You will be authorized at the specified server using the specified account as soon as you press the "done" button.

New demo account – if you choose this option and press the "next" button, you will go to the creation of a new demo account.

New real account – if you choose this option you will pass to specifying personal details for sending a request to open a real account.

Personal details

The next stage of opening an account is specifying personal details:

The following data will be requested to open an account:

Name – the user's full name.

E-mail – email address.

Phone – contact telephone number.

Account type – account type to be selected from the list defined by the brokerage company.

Deposit – the amount of the initial deposit in terms of the basic currency. The minimum amount is 10 units of the specified currency.

Currency – the basic currency of the deposit to be set automatically depending on the account type selected.

Leverage – the ratio between the borrowed and owned funds for trading.

To activate the "next" button and continue registration, it is necessary to flag "I agree to subscribe to your newsletters".

After the registration has successfully completed, a window will appear that contains information about the open account: "login" – the account number, "password" – the password for access, "investor" – the investor's password (connection mode in which it is possible to check the account status, analyze the price dynamics, etc., but no trading is allowed).

After registration has been completed, the new account will appear in the "navigator – accounts" window, and it is ready to work with. At that, the server sends a message to the terminal containing login and passwords of this newly opened account. This message can be found in the "terminal – mailbox" window. Besides, after the account has been successfully registered, it will be authorized automatically.

Attention: if any problems occur at the account opening, technical support service of the brokerage company should be asked for help.

Opening of a real account #

Real accounts, unlike demo accounts, cannot be opened from the terminal. They can only be opened by brokerage companies under certain terms and conditions. Real accounts are marked correspondingly in the "navigator – accounts" window. To start working with them, one must perform authorization.

So, let's see, what we have: members area access use your MT4/MT5 real account number and password to log in to the members area. New to XM? © 2021 XM is a trading name of trading point holdings ltd. All rights at open xm real account