How to open additional accounts?

BlogJune 16, 2022 logo – Get the 30$ trading bonus for FREE (No deposit required). Click here

In order to meet the diverse needs of investors, XM allows its clients to open different trading accounts on the same user account. The ease of opening more 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 an account?

Opening more accounts are done for different purposes:

For example, you want to test many different trading strategies. This segregation of each strategy on one account will help you track how well it works and compare it against each other.

Or simply separate your portfolio by market, for example, an account dedicated to investing in stocks, an account specializing in trading cryptocurrencies.

In general, each person will have different reasons for opening more trading accounts. Whatever the reason, XM has researched and developed this feature to meet the needs of investors.

2. How to open more accounts?

To open more trading accounts, make sure you already have an XM account. Then you follow these steps:

If you don’t have an XM account yet, see the full instructions here.

Step 1: Log in to the member page and click “Open additional account”.

How to open additional accounts?

Step 2: Fill in the account information such as platform (MT4/MT5), account type (Standard, Micro, Ultra, Shares), account base currency, and leverage.

How to open additional accounts?

Step 3: Enter the password and confirm one more time.

Step 4: Tick the box “I declare that I have carefully read and understood the entire content of the Terms and Conditions, Order Execution Policy, Risk Notice, Conflict of Interest Policy, Referral Program , and Privacy Policy, which I fully understand, accept and agree to” and click “Open Real Account”.

The additional account will be set up immediately and you do not need to upload documents (verification) again. You can then start logging in, depositing, and trading as usual.

3. How do you keep track of your accounts?

On the XM member page, you can keep track of all the accounts you own 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 want.

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 Shares account. Adding an account is very simple, fast and done right on an existing account without requiring anything more. Happy trading!

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