Step-by-Step Guide to Opening an XM Demo Account

To practice doing transactions, you should open an XM Demo account. The Demo account on the XM platform allows you to trade with virtual balances and use the same trading parameters as a real account, helping you get familiar with the platform and trading strategies without worrying about losing real money.

Below, I will provide a detailed guide for beginners on how to open a demo account on the forex broker XM.

The most detailed instructions on how to open an XM demo account

To open a XM Demo account, follow these steps:

Step 1: Create a personal profile to register a XM demo account

Access the official XM website here and click the "OPEN ACCOUNT" button.

==>>Access XM floor here <<==

Enter registration details:

• Country of registration and click
• Email
• Password

Optionally click to agree to receive company newsletters, news and product updates. You can choose not to select this box if you're not interested.

After completing the information above, click "REGISTER".

You will receive an email confirmation from XM to the email address you registered with. Open the email and click the "CONFIRM EMAIL" button.

The screen will switch to the XM Member Area interface.

Step 2: Register for a XM Demo account

1. Choose Demo under the Account Overview tab. At this point, the demo account should already be available as shown below.
Or you can open a new demo account next to it.

If opening new, you can choose:

• Platform: MT4, MT5
• Account: Standard, Ultra Low Standard
• Leverage: 1000:1; 888:1; 500:1; 400:1; 300:1; 200:1; 100:1; 66:1; 50:1; 25:1; 20:1; 15:1; 10:1; 5:1; 3:1; 2:1; 1:1.
• Currency: EUR, JPY, GBP, AUD, CFH, ZAR, HUF, SGD, PLN
• Demo account investment amount: 1,000; 3,000; 5,000; 10,000; 25,000; 50,000; 100,000; 500,000; 1,000,000; 5,000,000

2. View account details by clicking the green three dots icon and selecting “account information”

With these steps, you have completed opening a Demo account on XM and can start experiencing trading in a safe and effective manner.

Why should newbies choose to register for a XM Demo Account?

When starting forex trading (Forex), choosing a demo account offers many important benefits. Here are some reasons why a demo account is a good choice for beginners:

Simulate Real Market Conditions

Demo accounts allow users to experience trading under real market conditions without risking real money. This helps beginners understand how markets work, from placing buy and sell orders to tracking price changes.

Learn and Develop Trading Strategies

Opening an XM demo account allows users to test trading strategies without worrying about actual profits or losses. They can analyze strategy results and adjust to optimize before applying them to a live trading account.

Improve Trading Skills

One of the biggest benefits of a demo account is helping users quickly improve trading skills without financial risk. They can get familiar with trading tools and platforms, learn to read charts, and understand technical indicators.

No Financial Risk

Since demo accounts use virtual money, users don't have to worry about losing real funds. This reduces pressure and anxiety, allowing focus on learning and developing trading skills.

Familiarize with Trading Platform

Beginners can use a demo account to familiarize themselves with the interface and functions of the platform they will use when switching to a live account. This minimizes unnecessary mistakes when starting live trading.

Hopefully with our detailed instructions above, readers can easily open an XM Demo account to try out the trading experience on this forex floor! Wish you success!