I think that there are a lot of people who are worried about what type of account to open an account with XM. The standard account is a trial account type that is highly recommended for beginners and those who are new to XM Trading. Since you can open multiple accounts, you can also create other account types after opening.
- Standard account features
- Different account types
- Standard account notes
Standard account features
The features of the standard account are as follows
|Ordering method||No dealing desk OTC method|
|base currency||Japanese Yen, US Dollar, Euro|
|Minimum deposit amount||$5|
|Amount of currency in 1 lot||100,000 currency|
|Minimum order quantity||0.01 lot|
|Maximum number of orders||50 lots|
|merchandise||FX currency pairs: 55 |
Precious metal CFD: 4
Stock Index CFD: 24
Commodity CFDs: 8
Energy CFD: 5
Cryptocurrency CFDs: 31
|Loss cut level||20%|
|Zero cut method||Applicable|
You can open an account here.
If you are new to XM, standard account
If you are new to XM Trading, or if you are new to trading in the first place, we recommend the Standard account. There is a reason for this, and the bonuses are very substantial. If you are a beginner, you will not be able to win the first trade. However, by replenishing the bonus, there is a feature that it is difficult to lose the full amount. Therefore, it is an account type that has a very strong meaning as a trial account. And the Standard account is the most opened account type at XM.
Maximum leverage 1000 times
The standard account has a maximum leverage of 1000 times. With a small amount of capital, you can manage a large amount of money. However, although it is easy to accumulate profits by saying that leverage is large, the speed of losing money will also be faster. Let’s trade with proper lot. It is good to keep 1% to 2% of the total capital as a loss cut amount.
Standard accounts tend to have wider spreads. This is clearly wider than other account types. KIWAMI account is recommended because it is not suitable for those who mainly use scalping.
The following article summarizes why the standard account has a wide spread. There is a reason and connection with many bonuses.
More than 127 types of abundant brands
The standard account can trade a wide range of 127 stocks. Starting with foreign exchange, stocks, virtual currencies, and even energy have become abundant stocks. Stock indices, commodity futures, and cryptocurrency CFDs are swap-free, and there are no commissions.
Minimum lot and maximum lot
Standard accounts can have from 0.01 lot to 50 lots. However, if you want to enter more lots instantaneously, a micro account is recommended. Micro accounts have a maximum lot size of 100. Regarding the minimum lot size, there is no difference between any account types.
Accept all bonuses
Standard accounts are eligible to receive all bonuses offered by XM.
New account opening bonus
The new account opening bonus is the bonus amount that comes when you open a new account. This bonus can be used as the source of the transaction, so you can experience XM for free without depositing a single yen of your own funds. However, you can only get this bonus once.
There are 20% and 100% bonuses for deposit bonuses. The amount of the bonus you receive will change depending on the time, so be sure to log in each time to check it. Standard accounts can receive both bonuses.
A loyalty program is a member-only program that anyone who opens an account can automatically participate in. Points are accumulated each time you trade, and the accumulated points can be exchanged for bonuses or cash. This means that you will receive cashback on every transaction.
Different account types
The standard account is an orthodox and very convenient account type. The following article summarizes the differences between account types.
Standard account notes
The standard account is an account type suitable for beginners and has a very high usage rate. However, please note the following points.
Not suitable for scalping
As explained above, standard accounts are not suitable for scalping due to their wide spreads. It is suitable for methods that settle in a few hours like day trading, or in a few days to weeks like swing trading. Not suitable for short-term matches.
It is not that only one standard account can be created per person. At XM, each person can open up to 8 accounts. Therefore, you can open multiple accounts of the same type even with standard accounts.