How to Open an Additional XM Account | Step-by-Step Guide

XM supports up to 10 trading accounts and 1 Shares account for direct stock trading — giving you a total of 11 accounts under a single member profile. Each account can be fully customised to suit your needs, with 5 account types to choose from, MT4/MT5 platform options, your preferred base currency, and adjustable leverage levels. You can also transfer funds freely between accounts within the same member profile, making it easy to separate accounts by trading style — for example, keeping a manual trading account distinct from an automated one, or separating day trading from swing trading strategies. This structure allows for more disciplined and systematic capital management.

Opening an additional account is straightforward via the XM Members Area or the XM app. If your identity has already been verified, there’s no need to resubmit documents — simply choose your preferred account settings and your new account will be ready within minutes. If you’re still within 30 days of registering your member profile, you can also claim the $30 Trading Bonus on your additional account — giving you the opportunity to start trading without an initial deposit.

Each of XM’s 5 account types is designed with distinct characteristics to suit different trading styles. Standard and Standard Micro accounts are eligible for a deposit bonus of up to $10,500 USD, while Ultra Low and Ultra Low Micro accounts offer tighter spreads — ideal for short-term strategies such as scalping and day trading. The Shares account is dedicated exclusively to direct stock trading.

Holding multiple accounts gives you far greater control over risk management. Running a high-leverage account of up to 1,000× for short-term trades alongside a lower-leverage account for longer-term positions allows you to adapt to a variety of market conditions. In addition, spreading capital across multiple accounts helps protect your overall funds in the event of a stop-out in any single account. This is particularly valuable when running multiple Expert Advisors (EAs) — keeping each strategy in a dedicated account gives you clear visibility of performance and helps distribute risk effectively.

Additional accounts can be tailored precisely to your requirements — including base currency, account type, trading platform, and leverage level — allowing you to build accounts that align perfectly with your strategy and target market. With XM, you can hold up to 10 trading accounts and 1 Shares account, for a total of 11 accounts. You can also close any unwanted accounts with ease, keeping your account setup flexible and ready to adapt to any situation.

XM’s “XM Trader Club” programme rewards you with XMC points based on your trading volume, which can be redeemed for bonuses or cash. Every account within the same member profile earns XMC, meaning that trading across multiple accounts accelerates your rewards accumulation. This helps reduce your long-term trading costs and improves overall capital efficiency.

Opening additional accounts allows you to make the most of everything XM has to offer. Selecting the right account for the right market conditions and objectives will enhance your risk management and sharpen your overall trading performance.

The Auto Rebate programme, which significantly reduces your trading costs on XM, is available on additional accounts as well. Provided by an XM Partner, Auto Rebate comes with no downsides whatsoever and can dramatically lower your cost per trade — which is why we recommend joining with every account you open.

XM offers both MetaTrader 4 and MetaTrader 5, allowing you to leverage the unique strengths of each platform. MT4 excels in its extensive library of indicators and automated trading systems (EAs), while MT5 provides more sophisticated analytical tools, multi-timeframe charting, and the ability to trade stock CFDs — making it particularly well-suited for in-depth market analysis.

Choosing the platform that best matches your trading style and target market lets you make the most of each tool’s strengths. For example, you might use MT4 for accounts running dedicated automated strategies, and MT5 for detailed market analysis and trading across a broader range of assets, including stock CFDs.

One of XM’s most practical features is the ability to transfer funds between accounts within the same member profile instantly, 24 hours a day, 365 days a year. This allows you to reallocate capital quickly in response to changing market conditions or emerging opportunities. This functionality is especially valuable when running multiple trading strategies simultaneously, as it ensures your capital is always deployed where it’s needed most.

To prevent abusive practices such as converting bonuses into cash, XM strictly prohibits hedging — opening opposing positions on the same instrument — across different trading accounts. Violation of this rule may result in severe penalties, including account suspension, even if the breach was unintentional. Always use the same account when placing opposing trades. If you are running multiple Expert Advisors (EAs), be sure to monitor your trade activity regularly to ensure compliance.

Any account with no activity for 90 days will be charged an account maintenance fee of $10 USD per month. This fee is waived as long as you maintain regular trading, deposit, withdrawal, or transfer activity. Furthermore, accounts with a zero balance and no activity for 90 days will become inaccessible. When managing multiple accounts, be sure to monitor the status of each one regularly — and either close any accounts you no longer need or keep them active with occasional transactions such as a trade, deposit, withdrawal, or internal transfer.

Opening additional accounts is a powerful way to expand your trading strategy within XM — but it’s essential to factor in the limitations outlined above. With a well-planned approach to account management, you’ll be well-positioned to make the most of XM’s multi-account functionality.

Opening an additional XM account can be completed in just a few minutes from the XM Members Area. To get started, log in using the button below. By accessing XM through this website, you will automatically receive the exclusive Auto Rebate benefit from this site.

Important note: Each time you log in, if XM detects access from a new device or a scheduled security check is triggered, you will be required to enter a 6-digit OTP sent to your registered email address before you can proceed.

After logging in, click on the account type in the upper left corner. When the “My Accounts” page appears, click the blue circle button in the lower right corner.

Once the account setup screen appears, your first step is to choose the trading platform for your new account — either MT4 or MT5.

XM supports account opening on both MT4 and MT5. For beginners, we recommend starting with MT4 — it offers a comprehensive suite of trading tools and EA support. Once you’re comfortable, progressively exploring MT5’s advanced features is a natural and effective next step.

After selecting your trading platform, the next step is to choose your account type. Below the image, you’ll find a comparison table clearly showing the differences between each account type — use it as a reference to help you select the account that best suits your needs.

XM offers 5 trading account types (Standard, Standard Micro, Ultra Low, Ultra Low Micro, and Shares). The table below provides a comparison of the three primary account types.

For those starting out with limited capital, the Standard Micro account is an excellent option — it comes with the $30 trading bonus and allows trading from as little as 100 units. For traders who prioritise tight spreads, the Ultra Low account is a strong choice. For testing EAs with small trade sizes, the Ultra Low Micro account offers the ideal combination of low spreads and micro-lot trading. For general trading purposes, the Standard account is recommended, as it gives you full access to XM’s bonus programme.

After selecting your account type, choose your leverage level and base currency. To avoid currency conversion fees, we recommend selecting a base currency that matches the currency you use for deposits and withdrawals. If you primarily manage your funds in USD, selecting USD as your base currency is the most practical choice.

Once the partner code input field appears, please enter “sigma90”. After entering the code, tick the checkbox and click “Continue” to proceed to the next step.

For leverage, we recommend using XM’s maximum of 1,000x for Forex trading. Higher leverage allows you to hold larger positions with less margin, maximising the efficiency of your capital.

For base currency, we recommend choosing the currency you use in everyday life. In particular, if you manage your assets in THB, a THB-denominated account is the optimal choice. When depositing funds in a currency that differs from your account’s base currency, an automatic conversion will take place based on the European Central Bank (ECB) exchange rate, which may result in a slightly reduced deposit amount.

Please note that once set, the MetaTrader version, account type, and base currency cannot be changed (leverage can be adjusted). Take time to consider your options carefully before confirming your settings.

Once you’ve configured your account settings, the next step is to set a password for your trading account. Your password must contain all 4 character types (lowercase letters, uppercase letters, numbers, and special characters: “#@$!?|,.^/_-“) and be between 10 and 15 characters in length. Once you’ve set your password, click “Done” to complete the process.

Once your trading account has been successfully created, the new account will appear in the “My Accounts” list on the right side of the screen, displaying your account number, account type, and server. Simply click on the account you wish to use and make a deposit to start trading right away.

Once your additional account has been opened, XM will send your trading account login credentials to your registered email address.

XM offers several bonus promotions, including the “$30 Trading Bonus” upon registration, a “Deposit Bonus” of up to $10,500 USD based on your deposit amount, and XMC points redeemable for bonuses through the XM Trader Club. Additional accounts with XM are also eligible to receive the “$30 Trading Bonus”, “Deposit Bonus”, and “XMC”. If you’re still within 30 days of registering your member profile, you can claim the “$30 Trading Bonus” even on Ultra Low and Ultra Low Micro accounts.

When you transfer funds from an account that holds a bonus to an account that is not eligible for bonuses via an Internal Transfer, your bonus will be reduced proportionally based on the amount transferred relative to the account balance (deposits + profits). For example, if you transfer funds from a Standard account holding a bonus to an Ultra Low account (which is not bonus-eligible), your bonus will decrease in line with the transferred amount. Please bear this in mind before initiating any internal transfers.

XM operates a “floating leverage” system, where the maximum leverage available adjusts based on your usable margin. Importantly, this usable margin — which determines your leverage tier — is calculated at the member profile level, not per individual trading account.

Usable margin refers to the total amount available for trading, which includes your actual deposits, bonuses, and any unrealised profits or losses.

“Usable Margin” = “Account Balance” + “Unrealised P&L” + “Bonus”

A key point to note is that once your total usable margin across all accounts under your XM member profile exceeds $40,000 USD, your maximum available leverage will be reduced in tiers. In other words, the more capital you hold, the lower the leverage you’ll be able to access.

Traders holding multiple accounts should be aware that even if the balance in each individual account appears modest, the combined total across all accounts may exceed the threshold — at which point leverage will be restricted across all accounts simultaneously.