Online trading is becoming one of the most popular ways to build financial freedom, and XM Broker is a trusted platform that allows traders to invest in forex currencies, precious metals like gold & silver (XAU/XAG), and leading cryptocurrencies with ease. If you are a beginner and want to start trading on XM, this guide will help you step by step.
Why Trade with XM Broker?
XM is a globally recognised and regulated broker known for:
- Ultra-low spreads and commissions
- Fast trade execution
- Flexible leverage (up to 1:1000, depending on region)
- More than 1,000+ instruments
- 24/7 crypto trading
- MT4 & MT5 trading platforms
- Free demo account for practice
Whether you want to trade currency pairs like EUR/USD, precious metals like Gold (XAUUSD), or crypto assets like Bitcoin (BTCUSD)—XM supports all under one platform.
Step-by-Step Guide to Start Trading on XM
Step 1: Create Your Trading Account
- Visit the official XM website
- Click “Open Account”
- Fill basic details: name, email, country & account type
- Set your MT4 or MT5 login preference
➡ Tip: If you want more advanced charts, choose MT5.
Step 2: Complete KYC Verification
To activate your account, upload:
- ID proof (Passport / Aadhaar / Driving License)
- Address proof (Utility bill / Bank statement)
Approval usually takes a few hours.
Step 3: Choose an Account Type
XM offers multiple account types:
| Account Type | Minimum Deposit | Suitable For |
|---|---|---|
| Micro | $5 | Beginners |
| Standard | $5 | Normal traders |
| XM Ultra Low | $50 | Spread sensitive traders |
| Shares | $10,000 | Investors |
For first-time traders, Micro or Standard is best.
Step 4: Deposit Funds
XM supports many deposit methods:
- UPI / NetBanking / Debit Card
- Skrill / Neteller
- Bank Transfer
- Crypto deposit options (BTC, USDT, etc.)
Minimum deposit is $5 for beginner accounts.
Step 5: Download and Login to MT4 or MT5
XM provides trading access through:
- Desktop app (Windows & Mac)
- Mobile app (Android & iOS)
- WebTrader (browser)
Login using your account credentials sent by XM.
How to Trade Forex, Metals & Crypto on XM
A. Trading Forex on XM
- Open the Market Watch panel
- Select a currency pair (Example: EUR/USD)
- Click New Order
- Choose Lot Size (start with 0.01 for safety)
- Set Stop Loss & Take Profit
- Click Buy or Sell
B. Trading Gold & Silver (Metals)
Search for:
- XAUUSD (Gold vs USD)
- XAGUSD (Silver vs USD)
Metals move fast during volatility, especially economic news.
C. Trading Cryptocurrencies
Crypto pairs available on XM include:
- BTCUSD
- ETHUSD
- XRPUSD
- Litecoin & more
Crypto markets run 24/7, unlike Forex, which pauses on weekends.
Trading Tips for Beginners
✔ Start with a Demo Account
✔ Trade small lots (0.01) initially
✔ Always set Stop Loss
✔ Learn basic charting (support, resistance, trendlines)
✔ Do not risk more than 1–2% per trade
✔ Follow economic news using a Forex Calendar
Conclusion
XM Broker is a powerful platform for beginners and professional traders to start trading Forex, Gold, and Cryptocurrencies with low cost and high flexibility. With an easy account setup, safe deposit options, MT4/MT5 platforms, and 24/7 support, XM makes trading accessible for everyone.
I am Pawan Kashyap currently living in Amritsar. I always try to grab new things from the cryptocurrency market. From my observations and trends in the market, I always try to provide the best and accurate information in the form of articles from this blog. Follow us on Facebook, Instagram, and Twitter to join us.
