Which XM Account Type is Best for You?
Choosing the right XM account type can make a big difference in your trading results. With options like Micro, Standard, Ultra Low, and Shares, each account is tailored to suit different trader profiles and goals. XM, one of the most reputable brokers globally, offers a flexible selection of accounts tailored to different needs.
So how do you know which XM account suits your trading style, budget, and goals? This guide will walk you through the key differences between each account and help you make the right decision based on what kind of trader you are.
Overview of XM Account Types
About Us XM provides four main account types: Micro, Standard, Ultra Low, and Shares. Each one is built with a specific type of trader in mind, ranging from complete beginners to professional investors.
- The Micro Account is ideal for those just getting started or who want to test strategies with minimal risk. One lot in this account equals 1,000 units of the base currency, which allows for smaller trades and lower exposure.
- The Standard Account offers similar trading conditions to the Micro account but with standard lot sizes (1 lot = 100,000 units). This account suits traders who are ready to scale up and want straightforward conditions without complexity.
- The Ultra Low Account is built for traders who seek lower trading costs. It provides tighter spreads starting from 0.6 pips, making it attractive for scalpers or those trading frequently throughout the day.
- Finally, the Shares Account is for those who want to trade real stocks (not CFDs). This account allows access to actual shares of companies but requires a higher minimum deposit and doesn’t offer leverage.
Each account has different specifications in terms of spreads, commissions, trade size, and instruments. Understanding these distinctions is key to choosing the right one.
Key Differences Between XM Account Types
Let’s break down the XM account options into three core categories: minimum deposit, trading costs, and leverage/instrument access.
Minimum Deposit and Trade Size
- Micro & Standard Accounts both require a minimum deposit of just $5, making them extremely accessible.
- The Micro account uses micro lots (1,000 units), perfect for those starting small.
- The Standard account trades in standard lots (100,000 units), suitable for larger positions.
- Ultra Low Account also starts at $5, but with lower spreads. Lot sizes can be either standard or micro, depending on your selection during account setup.
- Shares Account stands out with a much higher $10,000 minimum deposit, due to its focus on real equities. It is more appropriate for professional or institutional-level traders.
See more: https://www.sutori.com/en/story/beginner-mistakes-to-avoid-when-trading-on-xm--bRCvTZNWHtsC2p31XfeJKbSU
Spreads and Commissions
- Micro and Standard Accounts offer spreads from 1.0 pip with zero commission, making them transparent and easy to understand for new traders.
- Ultra Low Account offers tighter spreads from 0.6 pips, also without commission. This benefits active traders who need lower costs per trade to maintain profitability.
- Shares Account may apply commissions (depending on the exchange and instrument) and uses traditional equity market pricing meaning there is no leverage and spreads are determined by the market itself.
Leverage and Instruments
- Micro, Standard, and Ultra Low Accounts allow leverage up to 1:1000, depending on your region and regulations. This offers flexibility for those with smaller capital to trade larger positions.
- Shares Account, however, does not offer leverage. This is because you're trading real shares, not derivatives, so you’re buying the full value of each stock.
Each account type supports a variety of instruments such as forex pairs, indices, commodities, and cryptocurrencies except for the Shares account, which is limited strictly to equities.
How to Choose the Right XM Account for Your Needs
Here’s a quick checklist-style guide to help you match your profile with the right account type:
- Beginner testing strategies: The Micro Account is best. It minimizes risk and allows you to trade small amounts without pressure.
- Ready to trade in larger sizes but keep things simple: Choose the Standard Account. It offers traditional lot sizes and is suitable for general trading without worrying about commission structures.
- Short-term trader or scalper looking for low spreads: Go for the Ultra Low Account. The reduced spread significantly lowers trading costs for high-frequency or intraday strategies.
- Investor who wants real stock ownership: Open a Shares Account. You’ll need a higher deposit, but this account gives access to the equity market in its true form — ideal for portfolio building.
- Running EAs or automated strategies: Both Ultra Low and Standard support Expert Advisors (EAs), but Ultra Low may be more efficient due to tighter spreads.
Keep in mind that your choice isn’t permanent. Many traders start small and then scale up or switch accounts as their goals evolve. For a deeper comparison of account types and how they perform in real conditions, check out a detailed XM Broker Review before making your decision.
Is It Possible to Switch Accounts Later?
Absolutely. XM allows users to open multiple accounts under one profile, giving you the flexibility to experiment with different options or adapt to changing needs.
Here’s how you can approach it strategically:
- Step 1: Start with a Micro Account to get comfortable with live market conditions and refine your strategies with minimal risk.
- Step 2: Once you’ve built confidence and consistency, upgrade to a Standard or Ultra Low Account to increase trade sizes or reduce costs.
- Step 3: If your strategy shifts toward long-term investments, or you want to diversify beyond CFDs, you can open a Shares Account.
This multi-account approach is especially useful if you want to separate different strategies (e.g., short-term scalping vs. long-term investing) or test how your performance varies under different conditions.
Additionally, the XM Member Area allows easy internal transfers between accounts, so you can move funds without delay or fees.
Bonus Tip: You can also open demo versions of each account type to compare conditions in a risk-free environment before committing real money.
See more: https://kumu.io/physelqyinh/understanding-xms-negative-balance-protection-policy
The best XM account type for you depends on your trading style, capital, and goals. Beginners may find the Micro Account a safe entry point, while more experienced traders will benefit from the Standard or Ultra Low accounts. For equity investors, the Shares Account offers access to real stock markets. The good news is that XM offers flexibility you can switch, test, or even run multiple accounts to find your best fit. The key is to align your account type with your long-term trading plan.
Contact information:
- Email: physelqyinh@gmail.com
- Tags: Physel Qyinh, Chuyên gia bình luận game Physel Qyinh, Bình luận viên Physel Qyinh, Thể thao trực tuyến
- Hashtag: #physelqyinh #chuyengiabinhluangamephyselqyinh #binhluanvienphyselqyinh #thethaotructuyen
So how do you know which XM account suits your trading style, budget, and goals? This guide will walk you through the key differences between each account and help you make the right decision based on what kind of trader you are.
Overview of XM Account Types
About Us XM provides four main account types: Micro, Standard, Ultra Low, and Shares. Each one is built with a specific type of trader in mind, ranging from complete beginners to professional investors.
- The Micro Account is ideal for those just getting started or who want to test strategies with minimal risk. One lot in this account equals 1,000 units of the base currency, which allows for smaller trades and lower exposure.
- The Standard Account offers similar trading conditions to the Micro account but with standard lot sizes (1 lot = 100,000 units). This account suits traders who are ready to scale up and want straightforward conditions without complexity.
- The Ultra Low Account is built for traders who seek lower trading costs. It provides tighter spreads starting from 0.6 pips, making it attractive for scalpers or those trading frequently throughout the day.
- Finally, the Shares Account is for those who want to trade real stocks (not CFDs). This account allows access to actual shares of companies but requires a higher minimum deposit and doesn’t offer leverage.
Each account has different specifications in terms of spreads, commissions, trade size, and instruments. Understanding these distinctions is key to choosing the right one.
Key Differences Between XM Account Types
Let’s break down the XM account options into three core categories: minimum deposit, trading costs, and leverage/instrument access.
Minimum Deposit and Trade Size
- Micro & Standard Accounts both require a minimum deposit of just $5, making them extremely accessible.
- The Micro account uses micro lots (1,000 units), perfect for those starting small.
- The Standard account trades in standard lots (100,000 units), suitable for larger positions.
- Ultra Low Account also starts at $5, but with lower spreads. Lot sizes can be either standard or micro, depending on your selection during account setup.
- Shares Account stands out with a much higher $10,000 minimum deposit, due to its focus on real equities. It is more appropriate for professional or institutional-level traders.
See more: https://www.sutori.com/en/story/beginner-mistakes-to-avoid-when-trading-on-xm--bRCvTZNWHtsC2p31XfeJKbSU
Spreads and Commissions
- Micro and Standard Accounts offer spreads from 1.0 pip with zero commission, making them transparent and easy to understand for new traders.
- Ultra Low Account offers tighter spreads from 0.6 pips, also without commission. This benefits active traders who need lower costs per trade to maintain profitability.
- Shares Account may apply commissions (depending on the exchange and instrument) and uses traditional equity market pricing meaning there is no leverage and spreads are determined by the market itself.
Leverage and Instruments
- Micro, Standard, and Ultra Low Accounts allow leverage up to 1:1000, depending on your region and regulations. This offers flexibility for those with smaller capital to trade larger positions.
- Shares Account, however, does not offer leverage. This is because you're trading real shares, not derivatives, so you’re buying the full value of each stock.
Each account type supports a variety of instruments such as forex pairs, indices, commodities, and cryptocurrencies except for the Shares account, which is limited strictly to equities.
How to Choose the Right XM Account for Your Needs
Here’s a quick checklist-style guide to help you match your profile with the right account type:
- Beginner testing strategies: The Micro Account is best. It minimizes risk and allows you to trade small amounts without pressure.
- Ready to trade in larger sizes but keep things simple: Choose the Standard Account. It offers traditional lot sizes and is suitable for general trading without worrying about commission structures.
- Short-term trader or scalper looking for low spreads: Go for the Ultra Low Account. The reduced spread significantly lowers trading costs for high-frequency or intraday strategies.
- Investor who wants real stock ownership: Open a Shares Account. You’ll need a higher deposit, but this account gives access to the equity market in its true form — ideal for portfolio building.
- Running EAs or automated strategies: Both Ultra Low and Standard support Expert Advisors (EAs), but Ultra Low may be more efficient due to tighter spreads.
Keep in mind that your choice isn’t permanent. Many traders start small and then scale up or switch accounts as their goals evolve. For a deeper comparison of account types and how they perform in real conditions, check out a detailed XM Broker Review before making your decision.
Is It Possible to Switch Accounts Later?
Absolutely. XM allows users to open multiple accounts under one profile, giving you the flexibility to experiment with different options or adapt to changing needs.
Here’s how you can approach it strategically:
- Step 1: Start with a Micro Account to get comfortable with live market conditions and refine your strategies with minimal risk.
- Step 2: Once you’ve built confidence and consistency, upgrade to a Standard or Ultra Low Account to increase trade sizes or reduce costs.
- Step 3: If your strategy shifts toward long-term investments, or you want to diversify beyond CFDs, you can open a Shares Account.
This multi-account approach is especially useful if you want to separate different strategies (e.g., short-term scalping vs. long-term investing) or test how your performance varies under different conditions.
Additionally, the XM Member Area allows easy internal transfers between accounts, so you can move funds without delay or fees.
Bonus Tip: You can also open demo versions of each account type to compare conditions in a risk-free environment before committing real money.
See more: https://kumu.io/physelqyinh/understanding-xms-negative-balance-protection-policy
The best XM account type for you depends on your trading style, capital, and goals. Beginners may find the Micro Account a safe entry point, while more experienced traders will benefit from the Standard or Ultra Low accounts. For equity investors, the Shares Account offers access to real stock markets. The good news is that XM offers flexibility you can switch, test, or even run multiple accounts to find your best fit. The key is to align your account type with your long-term trading plan.
Contact information:
- Email: physelqyinh@gmail.com
- Tags: Physel Qyinh, Chuyên gia bình luận game Physel Qyinh, Bình luận viên Physel Qyinh, Thể thao trực tuyến
- Hashtag: #physelqyinh #chuyengiabinhluangamephyselqyinh #binhluanvienphyselqyinh #thethaotructuyen
Comments