XM Account Types: Best XM Forex Account Type for Beginners (2025 Guide)

Choosing the right account is a crucial step when starting your forex trading journey. If you’re asking, "what’s the best XM forex account type for beginners?", you’re already on the right track. XM offers a variety of accounts designed for different experience levels—and this article will help you pick the one that suits you best.

👉 Want to explore your options firsthand? Open a free XM trading account here to get started in minutes.

Introduction to XM Accounts

What is XM Trading?

XM is a globally regulated forex and CFD broker offering a wide range of trading instruments, powerful platforms, and flexible account types to cater to all traders.

Why Account Type Matters

Your account type affects your:

• Minimum deposit

• Trade sizes

• Spread and commission structure

• Leverage options

For beginners, starting with the right account can make or break your experience.

Overview of XM Account Types

XM offers four primary live account types:

Account TypeIdeal ForCommissionMin. DepositMicroBeginnersNone$5StandardIntermediate TradersNone$5Ultra LowSpread-Conscious TradersNone$5SharesStock TradersYes$10,000

👉 For full specifications, visit the XM official account comparison page.

XM Micro Account – Best for Beginners?

Lot Sizes & Leverage

• 1 Micro Lot = 1,000 units

• Max Leverage: Up to 1:1000

• Trade with small capital but real market conditions

Low Minimum Deposit

Only $5 needed to start—perfect for new traders who want to test the waters.

Zero Commission

You only pay the spread. No hidden costs.

👉 Want to try the Micro Account risk-free? Sign up here and activate your demo or live Micro Account today.

Standard Account – Good for Intermediate Traders

This account is similar to the Micro but uses Standard Lots (100,000 units). It suits those ready to trade larger volumes.

• Same leverage options

• Suitable for MetaTrader 4 and 5

• No commissions

XM Ultra Low Account – Tight Spreads for Pros

• Spreads as low as 0.6 pips

• Commission-free

• Min deposit still just $5

• Ideal for scalping and day trading

XM Shares Account – For Stock Traders

• Direct access to stock CFDs

• No leverage

• Commissions apply

• Min deposit: $10,000

Not recommended for beginners due to high capital requirements.

Comparing XM Accounts at a Glance

FeatureMicroStandardUltra LowSharesLot Size1,000100,000BothStock UnitsMin Deposit$5$5$5$10,000SpreadsFrom 1 pipFrom 1 pipFrom 0.6 pipMarket-basedCommissionNoneNoneNoneYesPlatformsMT4/MT5MT4/MT5MT4/MT5MT5 only

Which XM Account Type is Best for Beginners?

For new traders, the Micro Account is the clear winner:

• Minimal financial risk

• Easy to understand trade sizes

• Full platform functionality

• Supports both demo and live trading

It’s specifically tailored for learning and practicing without high stakes.

How to Choose the Right XM Account

Factors to Consider:

• Your capital – Start small with Micro

• Your goals – Day trade or long-term?

• Your risk tolerance – Micro offers minimal exposure

Beginner Mistakes to Avoid

• Starting with high leverage before learning

• Choosing a Standard account too early

• Ignoring demo account training

Demo Accounts – Try Before You Trade

XM offers unlimited demo accounts:

• Simulate real trading

• Use virtual funds

• Test strategies and platforms

👉 Create your XM demo account before trading live.

How to Open a Live XM Account

1. Go to XM’s secure registration portal

2. Select your preferred account type

3. Complete identity verification

4. Deposit as low as $5

5. Start trading

All XM accounts are protected under negative balance policies and segregated fund security.

Account Support & Customer Assistance

If you're unsure about which account to choose, XM provides:

• 24/5 live chat support

• Multilingual service in 30+ languages

• Account specialists to guide you

Pros and Cons of Each XM Account Type

Account TypeProsConsMicroLow risk, small trade sizeNot ideal for high-volume tradesStandardFull-sized lots, zero commissionHigher exposure for beginnersUltra LowTight spreadsLimited base currenciesSharesReal stock exposureHigh capital required

Final Verdict – Best XM Forex Account Type for Beginners

The XM Micro Account is hands-down the best choice for beginners in 2025.With low deposit requirements, easy lot sizes, and no commissions, it gives you everything needed to learn the ropes without risking a lot of capital.

👉 Ready to begin? Open your beginner-friendly Micro Account today.

FAQs on XM Account Types

Which account is cheapest?

The Micro and Standard accounts both require only a $5 deposit.

Can I upgrade to a different account later?

Yes! You can switch or open multiple accounts in your dashboard.

Is the Micro account risky?

It’s designed for minimal exposure—ideal for beginners.

Does XM offer bonuses for new accounts?

Yes, XM frequently offers welcome bonuses and trading credits.

What base currencies are available?

USD, EUR, GBP, and more—depending on your account type.

Can I use all platforms with any account?

All accounts (except Shares) support MT4 and MT5 platforms.