[XM Trading: For Forex Beginners] Maximum Lot Number and Number of Positions by Account Type

Introducing the maximum number of lots and maximum positions of XM. XM has several account types, but each account type has a different number of positions and lots. Let’s take a look at each XM trading account type.

XMTrading account types and differences

XMTrading has four account types: “Standard Account,” “Micro Account,” “KIWAMI Koku Account,” and “Zero Account.” There are many account types among overseas FX brokers, and we recommend standard accounts and micro accounts, which have bonuses and campaigns. A bonus will add some amount to your margin and increase your stop-loss limit. You can prevent losses. Please check the following.

[XM Trading: For Forex Beginners] Comparison of Account Types and Differences

As of 2023, there are about 4 account types on XM. I will explain the differences between each, but if you are a beginner, we recommend starting with the standard account. This is because there are many people who don't know the difference, and it's preferable to change the steel type if you're not happy with it after using it.

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2022.12.31

Maximum lot size of XM

The maximum number of lots in XM depends on the account type. Lots are a very important point in profit and loss. As stated on the official website, there are basic currencies such as the dollar, Japanese yen, and euro, which also have a big impact. The advantage of standard accounts and zero accounts is that lots are suppressed. The disadvantage is that it is more limited than a micro account.

The number of lots in XM represents the number of currencies held in one position.

Maximum number of lots for standard account

The maximum number of lots is 50 lots. Standard account has 1 lot = 100,000 currency, so you can hold up to 5 million currency.

Maximum number of lots for zero account

The maximum number of lots is 50 lots, which is the same as the standard account. Zero accounts are popular with traders who do scalping. It is attractive that the spread is narrow, but you need to be careful that there is actually a transaction fee, so it is not much different from other accounts.

Maximum number of lots for micro account

The maximum number of lots is 100 lots. Looking at the number of lots, it looks more than the standard account, but it is actually different. Micro accounts are 1 lot = 1,000 currencies, so up to 100 lots refers to 100,000 currencies.

Micro accounts can only trade up to 100,000 currencies. This account is not suitable for those who have a lot of funds and want to make a lot of money with high leverage.

Maximum number of positions in XM

The maximum number of positions for XM is 200 positions for all account types. To get started, we recommend the smallest lot the first time. If you suddenly take a large position, there is a high possibility that your funds will disappear completely. When it comes to investing, it is better to reduce risk than to make big profits. The same goes for using automated trading (EA) tools. Even if you have 1000x leverage, be sure to limit your upper limit positions. Challenge trading will lead to failure, so create your own rules.

Combined number of multiple accounts and pre-orders

The maximum of 200 positions that can be held at XM is the total of all accounts held. Please note that it is not the number of positions entered in one account.

XM allows you to open 8 accounts with 1 account. If you have a lot of accounts, remember that you can only hold a maximum of 200 positions.

Maximum amount that can be traded

The maximum amount that can be traded on XM is about 100 billion yen. If you hold 200 positions of 50 lots, you will be trading 100 billion yen. Even if the leverage is multiplied by 1,000 times, it is a level that cannot be reached without a capital of 100 million yen.

Minimum lot size

XM’s minimum lot size varies by account type.

All accounts have a minimum of 0.01 lot, but please note that the definition of 1 lot is different. The minimum number of holding currencies is 1,000 for Standard and Zero accounts, and 10 for Micro accounts.

Minimum lot size for standard account

The minimum lot for the Standard account is 0.01. The standard account has 100,000 currencies per lot, so you can hold a minimum of 1,000 currencies.

Minimum number of lots for zero account

The minimum lot for the Zero account is 0.01, the same as for the Standard account. The zero account is a special account with a narrow spread and a transaction fee.

Minimum lot size for micro account

The minimum lot for micro accounts is 0.01. However, please note that the number of currencies per lot is different from the standard account and zero account. Micro accounts are 1,000 currencies per lot, so you can hold a minimum of 10 currencies.

Account type can be changed

XMTrading allows you to select an account type when opening an account. You cannot directly change the account type on an existing account. However, create another account and use a different account type. When creating a new account, select the account type you want to use. Please refer to the article below for information on how to create an additional account.

[XM Trading: For Forex Beginners] How to change account type Real account

XM allows you to choose an account type when opening an account. But have you ever wanted to change your account type after opening? Although it is a different method, you can say that you change the account type. I wrote an article about how to do that.

www.globalforextradesite.work

2023.01.15