With XM, you can start demo trading using a virtual balance in 3 minutes by opening a demo account. By resetting or adding to the balance, you can practice trading with the desired amount of margin any number of times. The article covers everything from how to open an XM demo account to how to log in to the trading tool MT4/MT5.
- How to open a demo account
- Download and install MT4/MT5
- 6 features of the demo account
How to open a demo account
First, please access the demo account opening form using the button below. Most overseas Forex brokers have demo accounts available. Funds can be replenished as much as you like, and the environment will be a server different from the real one. Since the money is virtual money, there is no real profit, but there is also no risk. You can create an account from the official website or management website. You don’t need to submit any identity verification, so you can start right away. It is simple to use and you can trade even on your smartphone.
Demo account opening application form
Enter some simple personal information. (All items must be entered in single-byte alphanumeric characters.) All items are required to be entered, but if you can enter your email address correctly for a demo account, you can start demo trading without any problems. Your login information will be sent to your email address, so please make sure it is correct.
First name : Enter your name below in Roman letters.
Last name : Enter your last name in Roman letters.
Country of Residence : Select from the list.
City of Town : Enter your city of residence。
Code : Select your country code from the list.
Phone : Include your phone number.
Email : Enter your email address.
Preferred Language : Select your preferred language from the list.
Trading Platform：Select “MT4” or “MT5”
Account Type : Select from “Standard account”, “KIWAMI pole account” and “ZERO account”
Account Base Currency : Select one base currency from “EUR” “USD” “JPY”
Leverage : Select 1:1 to 1:1000 from the list
Investment Amount : Select account balance from list
Determining Account Password
Decide on a password for your demo account. Enter your desired password in “Account Password” and “Confirm Password”. The alphanumeric characters used for the account password should include at least one character of “lower case”, “upper case”, and “number”, and set a string of 8 to 15 characters in which each character is mixed. After filling in the fields, click Open demo account.
Demo account opened
If there is no problem with the contents of the demo account opening form, it will display “Please confirm your email address” as shown in the image below.
Verify email address
A confirmation email will be sent to the email address you registered with XM. In the confirmation email, there is a button to complete the account registration, so be sure to click it to authenticate.
E-mail notification of completion of demo account opening
Once the demo account registration procedure is complete, you will receive another email from XM Trading. Your account details email will again contain your ID and server information to log into your trading account.
Download and install MT4/MT5
Once you have opened a demo account, install MT4/MT5 so you can practice trading.
From here, we will explain how to download, install, and connect XM’s MT4/MT5. You can try the overview for free, and there are also custom indicators. Execution power is high, and automatic trading is also possible.
XM’s MT4/MT5 can be downloaded from the XM trading website.
When you open the downloaded installation file, it will ask “Do you want to allow this app to make changes to your device?” Click “Yes”. Then, the consent form will be displayed, so please check the contents and click next. The installation will begin and will normally complete within a few minutes.
How to login to MT4/MT5
Click on the installed XM Trading MT4/MT5 to start it.
Enter login information
When the login information input screen is displayed, enter “Login ID”, “Password” and “Server”. Enter your ID and server information while checking the email you received when you completed opening a demo account. For the password, enter the password you set yourself when you entered the account opening form. After entering the above 3 points, you can log in.
start demo trading
You can actually start demo trading. Basically, you will use Metatrader, but exness, bigboss, fintrade, threetrader, etc. also have demo accounts. You can trade not only on your computer, but also on Android and iPhone. You can trade in the market without restrictions or restrictions under the same conditions as a real account. Even if you make a loss, you can put in your money again.
6 features of the demo account
Even though it is a demo account of a Forex company, each company has its own unique characteristics and ease of use differs. Here are six features of XM’s demo account. You can be satisfied because you can trade many types of financial products. Keep your MT4 and MT5 up to date on the web or smartphone app. The maximum leverage for currency pairs is 1000x.
The XM demo account has an unlimited lifespan. You can use it as long as you are trading a demo, but if you do not use it for 90 days, it will be automatically frozen and you will not be able to log in. If you want to use the demo account again, apply for a new demo account and a new demo account will be provided.
up to 5 accounts
XM allows you to open up to 5 demo accounts with one email address. If you want to have more than 5 accounts, use another email address and we will provide 5 new demo accounts.
At XM, additional deposits to the demo account are requested through support. Let’s tell the support that “demo account number” and “how much you want to deposit”.
XM does not allow you to change the leverage of demo accounts. If you want to change the leverage, you need to open a new demo account.
In the XM demo account, the standard account, KIWAMI Kiwami account and zero account are available. Micro accounts are not available.
Use of indicators
Demo accounts can use EAs and indicators in the same way as real accounts. In addition to using the indicators installed by default, it is also possible to add EAs and indicators.