Register with XM in a few minutes, then send two documents to start trading.
All details checked on 1 October 2026
Registering with XM takes a few minutes, and XM opens your first trading account at the same time. You can trade after XM has checked two documents.
You can start the XM registration form now and follow the steps in this guide.
Contents
What Should You Do When You Register with XM?
Three things decide your trading cost and how soon you can trade.
- At sign-up
In the code box, type GJQYM. Your first trading account then pays back part of every spread, for example $8.10 per lot on EURUSD. - Before verification
Two documents are needed, a proof of identity and a proof of residence. XM checks them within 24 hours, and you can trade after that. - After verification
The Standard account that XM opened at registration gets XM’s deposit bonus, so keep it. For a lower trading cost, add an Ultra Low account. The XM additional account guide shows each step.
The Ultra Low account costs less per trade, even after the rebate.
Trading cost per lot after the rebate
| Standard account | Ultra Low account | |
|---|---|---|
| EURUSD | $13.00 | $9.05 |
| Gold | $36.80 | $21.90 |
Practise on the demo account first. XM opens it when you register, and it costs nothing, so you can try MT5 and your own trading plan before you risk any money.
However, type the partner code when you register, even if you practise first. Then your first real trading account receives rebates from your first trade, and you do not need to open a new trading account later.
How Do You Register with XM?
It takes a few minutes on a phone or a computer.
Choose your country of residence. Then type your email address and a password.
Tap the Enter here link and type GJQYM in Code (Optional). Then tap Register.
Open the email from XM and confirm your email address.
Log in to the XM Members Area (opens in a new tab) with the same email and password. Then type the 6-digit code that XM sends to your email.
Which Trading Accounts Does XM Open When You Register?
- Real trading account
A Standard account on MT5, in US dollars. - Demo account
A demo account for practice. The XM demo account guide shows how to use it. - Password
Both trading accounts use the password of your XM profile, which you chose when you registered.
To log in to MT5, you also need the server and the MT ID. On Home in the Members Area, choose the trading account on the account card. Then tap Manage, and tap MetaTrader Login Details.
A trading account that you add later has its own password. You choose it when you open that trading account. The XM login guide shows which password goes where, and what to do if you cannot log in.
What Documents Does XM Need?
XM needs two documents: one proof of identity and one proof of residence.
- Proof of identity
A passport, a national ID card or a driving licence. The document must be valid and show your full name, your date of birth and your signature. - Proof of residence
A bank statement from the last 6 months, or a recent bill for electricity, water, gas, phone or internet. It must show the address that you registered.
XM checks the documents within 24 hours and sends you an email. You can trade and withdraw after that.
To upload them, open your profile in the Members Area, then Settings, Documents and Upload Documents. XM accepts photos and PDF files up to 5 MB.
The XM verification guide shows each step with screenshots, and what to do if XM rejects a document.
Who Can Register with XM?
- Age
18 or older, or the legal age in your country if that is higher. - Country
Choose your country of residence from the list. If your country is not in the list, XM does not accept clients from it at the moment. XM does not serve residents of the United States, Canada, Israel or Iran. - One XM profile
One profile is enough. You can add up to 10 trading accounts to it in the Members Area.
Which XM Guide Do You Need Next?
Questions People Ask About XM Registration
- Is it free to register with XM?
-
Yes. Registration and the first trading accounts cost nothing.
- Do I get a bonus when I register?
-
In most countries, no. XM gives its bonus when you deposit, not when you register. Every country we checked offers a deposit bonus, and only the UAE still gives 50 USD without a deposit.
The XM promotions page (opens in a new tab) shows the offer for your country, and the XM bonus guide explains the rules.
- I registered without a partner code. Can I still get rebates?
-
Yes, on a new trading account. In the Members Area, add a trading account and type GJQYM in the Partner Code box. The XM partner code guide shows each step.
- Can I change the account type or the currency later?
-
No. Open another trading account with the account type or the currency that you want.
- Does XM check documents at weekends?
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Yes. XM checks the documents within 24 hours after you upload all of them, at weekends too. The XM verification guide shows how to check the progress.
- Which password do I use for MT5?
-
For the trading account that XM opened at registration, your XM profile password. For a trading account that you added later, use the password that you chose when you added it.
Sources: where each fact on this page comes from
XM’s pages and screens
- XM registration page
- We read the registration form, the partner code box and the countries that XM does not serve on 1 October 2026. We did not register.
- XM Members Area
- We read the documents that XM asks for, the file types and the note about the profile password on 1 October 2026.
- XM Help Centre (opens in a new tab)
- XM opens trading accounts at registration, and they use the profile password. The account type and the currency of a trading account cannot be changed. One profile holds up to 10 trading accounts.
- XM live chat
- Documents are checked within 24 hours after you upload all of them. XM also checks documents at weekends. Both answers were given on 1 October 2026.
- XM client agreement (opens in a new tab)
- Clients must be 18 or older, or the legal age in their country.
Forex FanClub
- XM rebate guide
- Rebate amounts per lot: XM’s VIP rate, of which 90% is passed back.
- XM spread tool
- The 24-hour average spread in the cost table.
Once your XM trading account is open, link it to Forex FanClub. The member area lists every rebate payment day by day, across every broker you use. Registration is free and takes an email address.
Produced and operated by Forex FanClub
Person responsible: Hiroki Sakaida, founder of Forex FanClub
Hiroki Sakaida decides what our content and services cover and which features they offer. He also checks content and functionality and decides on revisions and publication. Our Content and Service Policy explains how we produce and check our content and services, including our use of AI.
Risk warning: Forex and CFD trading involve leverage, and you could lose all the money you invest. This article and tool provide information, not investment advice. The amounts shown are calculated from the collected data and do not guarantee the amounts that will apply to your own trades, or any future profit.
Affiliate disclosure: This article contains XM referral links. Forex FanClub receives referral commission based on registrations and trading through these links.