How to open additional XM.com accounts?
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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 XM.com 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 XM.com 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 XM.com member page and click “Open additional account”.
Step 2: Fill in the account information such as platform (MT4/MT5), account type (Standard, Micro, Ultra, Shares), account base currency, and leverage.
Step 3: Enter the password and confirm one more time.
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!