XM provides several distinctive account types that may confuse newcomers at first glance. Here's a short guide to choose the right one.

XM Trading Account Types

In order to choose the best trading account type, it is central to grab a deep understanding of all types available. This goes beyond merely knowing their respective name. Therefore, this article will address the basic information on how to choose the best XM account type that you may need for the best outcome.

In general, XM provides the following accounts for its traders:

  • Micro, where 1 micro lot represents 1,000 units of the base currency.
  • Standard, where 1 standard lot is the equivalent of 100,000 units of the base currency.
  • Ultra Low Micro, an account to trade with micro lots and spreads as low as 0.6 pips.
  • Shares, an account specifically designed to accommodate stock trading.

What are the differences between these four accounts? Let's examine the details of each account in the article below.


What Are XM Account Types?

As stated above, XM offers four trading accounts: Micro, Standard, Ultra Low Micro, and Shares. Each account has its own specifications. Here's the complete explanation.


Micro Account

Micro Account offered by XM provides traders with a wide range of base currency options, including USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, and ZAR.

The contract size for this account is set at 1 lot, which equals 1,000 units of the base currency. Traders can enjoy a generous leverage of 1:888, and the account includes negative balance protection to limit potential losses.

The spread for trades in this account is as low as 1 pip, and there are no commission charges. The minimum deposit required to open a Micro Account is just $5.


Standard Account

Next, Standard Account by XM allows traders to choose from a variety of base currency options, including USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, and ZAR.

The contract size for this account is set at 1 lot, which is equivalent to 100,000 units of the base currency. Traders can enjoy a leverage of 1:888 and benefit from negative balance protection too.

The spread, commission, and minimum deposit for Standard Account are the same as Micro Account.


Ultra Low Micro Account

XM's Ultra Low Micro Account offers flexibility in terms of base currency options, including EUR, USD, GBP, AUD, ZAR, and SGD. The contract size for this account differs in two types. For Standard Ultra, 1 lot is equal to 100,000, while for Micro Ultra, 1 lot is equal to 1,000.

The leverage offered for this account is 1:888, and there is no negative balance protection. Traders can benefit from low spreads, starting as low as 0.6 pips.

Commission fees are not applicable, and the minimum deposit required to open an Ultra Low Micro account is just $5.


Shares Account

The Shares Account type offered by XM allows for trading in shares, with the base currency options being in USD. The contract size for this account is 1 share, and there is no leverage provided.

There is no negative balance protection, and the spread is subject to the underlying exchange. Commission fees are not charged for trades made in this account.

The minimum deposit required to open a Share account is $10,000, higher than the other account types.


Choose the Best XM Account That Complements You

Following the details above, you may have recognized that each account has its own distinctive characteristics that highlight traders' various needs.

For instance, XM micro account allows trading from 0.01 lots to eliminate the risk of having to trade with a standard lot. Meanwhile, the ultra low account underlines the importance of tight spreads compared to other accounts.

After knowing such key information, you may adjust XM accounts' specifications to your needs.

  • If you're a beginner and minimizing the risks is at your top priority, XM Micro Account is the best choice.
  • If you're quite experienced and looking for higher opportunities while being aware of the increased risks, XM Standard Account can be the right one for you.
  • On the other hand, XM Ultra Low Account is suitable for scalpers, day traders, or other types of traders who put low spreads at the forefront of their strategies.
  • Lastly, XM Shares Account can be a good idea should you want to try a hand at trading in the stock market.

For further reference, this table could help you compare more properties of XM accounts so you can easily sort out the best trading account:

Features Micro Standard Ultra Low Micro  Shares
 Contract size 1 lot = 1,000 1 lot = 100,000
  • Standard Ultra: 1 lot = 100,000
  • Micro Ultra: 1 lot = 1,000
1 share
  • 1:1 to 1:888 ($5-$20,000)
  • 1:1 to 1:200 ($20,001-$100,000)
  • 1:1 to 1:100 ($100,000+)
  • 1:1 to 1:888 ($5-$20,000)
  • 1:1 to 1:200 ($20,001-$100,000)
  • 1:1 to 1:100 ($100,000+)
  • 1:1 to 1:888 ($50-$20,000)
  • 1:1 to 1:200 ($20,001-$100,000)
  • 1:1 to 1:100 ($100,000+)
No leverage
🔢Spread on all majors As low as 1 pip As low as 1 pip As low as 0.6 pips Subject to the underlying exchange
📈Maximum open/pending orders per client 300 positions 300 positions 300 positions 50 positions
📊Minimum trade volume 0.1 lots (MT4 and MT5) 0.01 lots
  • Standard Ultra: 0.01 lots
  • Micro Ultra: 0.1 lots
1 lot
⚠️Lot restriction per ticket 100 lots 50 lots
  • Standard Ultra: 50 lots
  • Micro Ultra: 100 lots
Depending on each share
🔁Hedging allowed
🕋Islamic account Optional Optional Optional
👛Minimum deposit $5 $5 $5 $10,000

In addition to the 4 account types above, trading in XM demo account is highly recommended if you are a noob in forex trading as this will help you trade with virtual money. The risk would be zero as the gains and losses are merely a simulation in the demo account.

Min Deposit
FCA, CySEC, BaFin, CNMV, FSP (New Zealand), ASIC, CONSOB (Italy), Belize Financial Service Commission (FSC), ESMA
Personal manager
Segregated accounts
Free education
Trading by phone
Compensation scheme
Negative balance protection
Affiliate program
Copy trading
Wire transfer

XM Group is a group of regulated brokers and it is owned by Trading Point Holdings Ltd. Entities under XM Group have significant experience as financial services providers worldwide.

Trading Point of Financial Instruments Ltd was established in 2009 with headquarters in Limassol, Cyprus, Trading Point of Financial Instruments Pty Ltd was established in 2015 with headquarters in Sydney, Australia, XM Global Limited was established in 2017 with headquarters in Belize and Trading Point MENA Limited was established in 2019 with headquarters in Dubai.

XM Group is regulated by the CySEC (Cyprus Securities and Exchange Commission) - Trading Point of Financial Instruments Ltd, FSC (Financial Services Commission) – XM Global Limited, the ASIC (Australian Securities and Investments Commission) - Trading Point of Financial Instruments Pty Ltd and DFSA (Dubai Financial Services Authority) - Trading Point MENA Limited.

XM is one of the more experienced brokers in the world of online forex trading today. Since its founding, the broker has experienced a lot of changes, including the addition of the Ultra-Low Account and EN Live Edu that is instructed by 16 global experts.

In terms of trading instruments, XM is a well-known diverse class assets provider, varying from Forex, Crypto, Stock CFDs, Turbo Stocks, Commodities, Equity Indices, Precious Metals, Energies, & Shares. XM prides itself to be the ideal broker in trading execution, offering a stat of 99.35% orders to be executed in less than 1 second. Trading in XM would be also provided with a strict no requotes policy, no virtual dealer plug-in, no rejection of orders, real-time market execution, and the choice for traders to place orders online or by phone.

Spreads on all majors can reach as low as 0.6 pips in Ultra-Low Account, while spreads on other accounts usually start from 1 pip.

To protect the client's fund in the event of extreme volatility, XM presents each account type with Negative Balance Protection. Minimum deposit of $5 applies to Standard, Micro, and also Ultra-Low Accounts. Traders who open accounts in XM are enabled a condition similar to a Cent Account environment in the Micro Account, in which the Contract Size for every lot is only 1,000 units. If it is applied with the smallest lot size in the MetaTrader platform which amounts to 0.01, it means that traders can go as small as 10 units per trade.

For the deposit, XM applies zero-fee deposits in most of its available payment methods. Traders can choose to fund or withdraw their accounts via wire transfer, credit card, as well as the most favorable e-payment choices like Skrill, Neteller, and FasaPay.

To give their clients the best experiment in trading, XM has given access to both MT4 and MT5 platforms, each is available for more than 6 display formats (PC, Mac, Multiterminal, WebTrader, iPad, iPhone, Android, and Android Tablet).

All in all, there is no doubt that XM has gone global with its deep commitment to providing services in more than 30 different languages across the world. Aside from easing traders' experience with mainstream trading platforms and high-quality trading execution, XM is open to various types of traders, from small capital traders to the more experienced ones with big deposits at the ready. Traders are even provided with a Cent Trading environment should they choose to register under Micro Account.

For their global approach, XM has ensured that traders from various countries could access their service easily. This results in the provision of different domains specified for traders in certain jurisdictions. For example, traders from Indonesia could access XM via this link.


What's Next?

You should start by heading to XM's official website and opening the registration page for new traders.

The steps that follow should be easy since you can just pay attention to the given instructions and fill out the forms accordingly.

Remember that after completing the process, an email will be sent to you automatically to provide you with access to the Member Area. You will be facilitated to manage the functions of your account that include:

  • Checking your open positions
  • Changing leverage
  • Accessing support
  • Accessing trading tools
  • Depositing or withdrawing funds
  • Viewing and claiming unique promotions
  • Checking your loyalty status
What are your reasons to choose XM over other brokers?


XM broker is an established international firm and has become a true leader in the trading industry. Founded in 2009, the company works with the main principle of being "fair, trustworthy, and dependable". XM claims to support no re-quotes and real-time execution, where traders can choose from 10+ trading platforms suitable to any device.