As in previous guides, this lesson is dedicated to explaining how to create a demo account in the Forex broker XM.
We will explain step by step and in a simple way how to activate an XM demo account or open a real account.
The demo account works as a virtual money trading simulator provided by the same platform.
It is important to know that this Forex broker provides access to the markets from any available device or operating system.
- Windows PC
- Iphone, Ipad
The demo account does not require any type of deposit to access the platform and the assets it has.
To test the platform or the demo account just follow the steps we will explain next. You can open a demo account with XM for free from here.
How to register in XM? – New clients
You must first access the XM broker portal, where you can find the button to create a demo account.
As you can see in the central part of the page there is the red button to create a free demo account.
Immediately next to it in green, you can see the button to create a real account.
For this guide, we proceed to create a demo account with the Metatrader4 platform, the main trading terminal of this broker.
By clicking on the red button, you will be redirected to the demo account registration. There you will have to complete the form with the required information.
In addition, information on the trading account like the account type and maximum leverage are requested to create an account that suits the needs of the trader. Such data are:
-Types of trading platforms: The trading platforms Metatrader 4 and Metatrader 5 will be available here.
-Account types: Here we can indicate if we want to open a standard account or an XM Ultra Low account.
– Base account currency: It is the base currency that will be used in transactions in the trading account.
-Leverage: The leverage available in XM ranges from 1: 1 to 1: 888.
-Investment amount: This is the amount of virtual money available to practice in the demo account.
After completing the requested data, press the green button to open a free demo account with practice funds.
You will immediately go to the page where you are notified of the sending of a confirmation email.
In your mailbox, you will receive an email like the one you can see in the following image. Here, you will have to activate the account by pressing where it says “Confirm email address“. With this, the demo account is finally activated.
Upon confirmation of the email and account, a new browser tab will open with welcome information. The identification or user number that you can use on the MT4 or Webtrader platform is also provided.
Finally, the trader must press the green button where you can download or run the Metatrader 4 or MT4 Webtrader platform.
It should be remembered that for the version of Metatrader MT5 or Webtrader MT5 the account opening and verification process is exactly the same.
You can get more information about the company XM and its brokerage services in the following guide about this broker: Review of XM broker