In order to meet the different needs of investors, XM allows its clients to open several trading accounts on the same user account. The ease of opening multiple accounts and switching between them is what many traders expect. This article will show you how to open an additional XM trading account.
1. Why should you open a XM.com account?
Opening multiple accounts is carried out for different purposes:
For example, you want to test many different trading strategies. This segregation of each strategy on an account will help you keep track of how well it works and compare it to each other.
Or simply separate your portfolio by market, for example, an account dedicated to investing in stocks, an account that specializes in trading cryptocurrencies.
In general, each person will have different reasons to open multiple trading accounts. Whatever the reason, XM has studied and developed this feature to meet the needs of investors.
2. How to open multiple accounts XM.com?
To open multiple trading accounts, make sure you already have an XM account. Then follow these steps:
If you don’t have an XM account yet, see the full instructions here.
Step 1: Go to the members page of the XM.com and click “Open Additional Account”.
Step 2: Enter the account information as platform (MT4/MT5), account type (Standard, Micro, Ultra, Stocks), account base currency and leverage.
Step 3: Enter the password and confirm once again.
Step 4: Check the box “I declare that I have carefully read and understood the entire content of the Terms and Conditions, The Order Execution Policy, the Risk Warning, the Conflict of Interest Policy, the Referral Program and the Privacy Policy, which I fully understand, accept and accept” and click “Open Real Account”.
The additional account will be set up immediately and you do not need to upload documents again (verification). You can then start logging in, depositing and trading as usual.
3. How do you track your accounts?
On the XM members page, you can keep track of all the accounts you have in the “Account Information” section. Here, you can check and track your profit and loss situation, account balance, etc. and make some changes if you wish.
In addition, you can also easily transfer money between XM accounts or close any account when you no longer need it.
Above is the operation to open more real accounts. When trading on XM, you can open up to 10 trading accounts and 1 stock account. Adding an account is very simple, fast and done directly on an existing account without requiring anything more. Happy trading!