XM of Forex Traders, there are 3 types of accounts.
First, 1 lot of MICRO account is equal to 1000 currency units. Second,1 lot of STANDARD account is equal to 100000 currency units, and the third is the ZERO account with the smallest spread from 0 pip.
Table comparing XM accounts
|Micro Account||Standard Account||Zero Account|
|Base currency||USD, EUR, JPY||USD, EUR, JPY||USD, EUR, JPY|
|Lot unit||1,000 currency units||1,000 currency units||100,000 currency units|
|Maximum trading volume||100 lots||50 lots||50 lots|
|Minimum trading volume||0.01 lots (MT4)|
0.01 lots (MT5)
|0.01 lots||0.01 lots|
|Maximum number of open/pending orders per client||200 orders||200 orders||200 orders|
|Transaction fees||Free||Free||$5 per transaction per trading lot|
|Opening multiple accounts||Possible||Possible||Possible|
|Spread for major currency pairs||1 pip ~ varied||1 pip ~ varied||0 pip ~ varied|
|Average spread||1.7 pips||1.7 pips||0.1 pips|
|Forex currency pairs||57 currency units||57 currency units||56 currency units|
|CFD trading||33 denominators||33 denominators||N/A|
|CFD trading||4 denominators||4 denominators||2 denominators|
|Loss Cut||Below 20%||Below 20%||Below 20%|
Depending on each case, if the investment is small, you should choose MICRO account. If you want to focus on Scalping transactions, ZERO account is recommended. And if you want to make big profits with a transaction equal to the investment amount of several thousand dollars, perhaps the STANDARD account is a good choice.
The maximum leverage is up to 888 times, but it will be 200 times greater if your account balance is between $ 20,001 and $100,000 and will be 100 times greater if your account balance is $ 100,001 ~
What to know about Zero Account
XM Zero account is used to narrow the maximum Spread. Therefore, it is not eligible for bonus
Regular XM accounts do not charge a fee, but keep in mind that the XM Zero account will incur a $ 5 fee for 1 lot (100,000 currency units). In addition, non-free spreads will fluctuate from a minimum of 0.0 pips.
Please be aware that the currency pairs of Zero accounts are limited.