XM is a trading company established in 2009 and had licenses of CySEC and ICF that make it a reliable platform for communication; It is a low spread that offers 1200+ instruments. It also offers MT4 and MT5 and a free demo account that contains 100,000 USD virtual funds.
It gains popularity due to zero-commission accounts and the fast deposit and withdrawal funds that make it the first choice for traders. However, when it comes to minimum deposit XM, the minimum deposit is $5, which is the value of every currency. The only drawback is it doesn’t offer a trading account of South African rand.
How to Login to XM
- log in to the XM website
- Press the button “Member Login.”
- Enter your ID and password
- Click login
Now you have login successfully to XM.
How to Make a Deposit in XM
Deposit on Desktop
If you want to deposit from XM through desktop, then consider these steps:
- Open the XM website
- log in to your XM account
- Select your deposit method, i.e., bank transfer, credit/debit card
- Enter the amount you want to deposit. (minimum deposit XM is $5)
- Press deposit
- Press “confirm.”
- Enter the information and press “pay now.”
Now you have successfully deposited the money in your trading account.
Deposit on Mobile Phone
- Open the XM app.
- Press the “deposit” button that is located on the left side of the screen.
- Select your payment method, i.e., bank transfer, credit/debit card, PayPal, or any desired method.
- Enter the amount and select your currency. For example, if you are dealing with USD, then select USD.
- Press “deposit,” and you will be redirected to the payment age.
- Verify your information. If it is ok, then proceed to the “confirm” button.
- The page will redirect to the credit card information. Enter the information, such as the expiry date, and ensure you have entered the correct information.
- Click “deposit,” and a popup message will appear that says, “please wait while we process your payment.”
Now you have successfully deposited your amount.
XM minimum deposit
The amount varies from one account to another. To deposit from a Micro or standard account, the minimum amount is $5. In zero account, the minimum amount is $100. The deposit amount depends on the payment method and status of the trading account.
The minimum deposit XM amount is $5, and traders can make deposits in any currency, which XM converts into the trading account base currency. Fees are also low. The minimum deposit fee makes it competitive for other forex traders. The other reason for its popularity is it offers more than1200 stocks and shares. XM allows you to open an account regardless of your net capital or trading experience. With its global approach and discovery of new markets, XM also offers webinars and research materials. This allows traders from all over the world to join and begin their trading careers.
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