XM｜Q&A about Trading Account Types
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How many types of accounts does XM have?
XM has XM Standard Account, XM Micro Account, XM Ultra Low Account Standard, XM Ultra Low Account Micro and XM Shares Account. XM does not charge any trading fees on the Standard Account, Micro Account and XM Ultra Low Account. However there is a trading fee on the XM Share Account.
2021.08.12
Which account does XM recommend?
Most popular and welcomed account type by the clients is the Standard Account. You can enjoy trading without a fee as well as obtain all the bonus sponsored by XM in the Standard Account, that is why XM recommends you open the Standard Account.
2021.08.12
Can I change my account type from the Micro Account to the Standard Account?
No, you cannot change your account type in XM. If you want to change your account type from the Micro Account to the Standard Account, you need to apply additional account for the Standard Account. XM allows you to open upto 8 accounts.
2021.08.12
What's the difference between the Micro Account and the Standard Account?
The difference between the Micro Account and the Standard Account lies in the minimum trade unit. The Micro Account is suitable for the small amount trade and you can deal in minimum 10 units of currency. The minimum size for trade is .one-hundredth compared with the Standard Account.
2021.08.12
Does XM prohibit scalp trading?
No, XM does not prohibit scalp trading. There is no restriction on scalp trading with XM. XM's average execution ratio is 99.98% and top level execution power among the competitors is achieved.
2021.08.12
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