Expand All What supporting documents do I need to provide if I want to be your client? A color copy of valid passport or other official identification document issued by authorities e. The identification document must contain the client's full name, an issue or expiry date, the client's place and date of birth or tax identification number and the client's signature.
A recent utility bill e.
Why do I need to submit my documents for account validation? As a regulated company, we operate in accordance with a number of compliance-related issues and procedures imposed by our main regulatory authority, IFSC. These procedures involve the collection of adequate documentation from our clients with regards to KYC Know Your Clientincluding the collection of a valid ID card and a recent within 6 months utility bill or bank account statement that confirms the address the client has registered with.
Do I need to upload my documents again if I open a new trading account and my first account was already validated? Can I update my personal information? If you wish to update your email address, please send an email to validations xm. If you wish to update your residential address, please send an email to validations xm.
It is simple and quick. Click Open a Real Accountfill in the form and upon completion you will receive an email with your login details that you can use to log in to our secure Members Area.
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Here you will be able to fund your trading account by clicking the Deposits tab in the main menu. How long does it take to open a trading account? In case you fill out all details correctly, it takes less than 5 minutes.
How can I start trading?
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If you have already opened a trading account, received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance barrier option example our trading platforms here. What trading account types do you offer? First of all, you need to clear your browser cookies and cache.
Is the deposit visible in cents? However, your deposit is always visible in the actual amount, e.
Do you offer MINI accounts? Do you offer NANO accounts?
What are the Pros and Cons of Demo Accounts? Pros Understand market dynamics: The forex demo account helps traders understand how the market works. With the demo account, you can learn how to open and close trades, monitor performances, use chartsand more. Free and easy: Opening forex demo accounts are easy and free. When opening such accounts, all you need is your name, email address, and sometimes a valid phone number.
Do you offer Islamic accounts? Yes, we do. You can request a swap-free Islamic account by following the instructions described here. Do you offer corporate accounts?
Olymp trade demo account withdrawal best stock to buy in indian market You will find a trading chart best automated options trading system in binary dtosc for ninjatrader 8 the left side of your screen and several added features such as technical indicators and analysis. Olymp Trade is one of the most popular online brokers in the industry, with over 25, clients currently trading on its platform every day. You can even set up your trade to automatically sell your asset at a certain profit level using the Take Profit option. If you lose the money in your Demo Account, you can replenish it at any time for free.
No, we do not. How long can I use a demo account? At XM demo accounts do not have an expiry date, and so you can use them as long as you want. Demo accounts that have been inactive for longer than 90 days from the last login will be closed.
However, you can open a new demo account at any time. Please note that maximum 5 active demo accounts are allowed. Is it possible to lose more money than I deposited?
No, you cannot lose more than the amount you deposited. Should the slippage of a certain currency pair cause a negative balance, it will be reset automatically with your next deposit.
As an option, it may start on a demo account, but in this case it will not be able to see real spreads. Here, beginners can be offered welcome forex bonuses without a deposit with the opportunity to withdraw a profit. Welcome no deposit forex bonuses is real money that forex brokers offer to receive for free to fulfill certain conditions. Most often, they will be transferred to trading account as soon as you register the account and verify your identity.
Can I lose the bonus? Do I have to refund it if I lose it? As the bonus amount is part of your equity and can be used for trading, it is possible for you to lose it. However, you do not have to refund it, moreover, according to the Bonus Terms and Conditions, you can receive a new bonus on your new deposit.
Is my money safe? XM is operated by XM Global Limited, which ensures the safety of client funds and consumer protection as per the applicable laws and regulations.
These funds are off balance sheet and cannot be used to pay creditors in the unlikely event of the Company's insolvency.
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Bank accounts We maintain client and operational bank accounts with banking institutions of great repute. Supervision by the regulator As a regulated Securities Service Provider Licensee, we are obliged to meet strict financial requirements. How can I see the charts? Please right click on any of the symbols in the Market Watch that you want to see and choose the Chart Window option. Alternatively, you can drag-and-drop any symbol in the chart window.
What spreads do you offer? We offer variable spreads that can be as low as 0. We have no re-quoting: our clients are given directly the market price that our system receives.
You can read more about our spreads and conditions here. What are your trading hours?
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However, certain instruments have different trading hours e. CFDsthe details of which you can view here. What does your Bonus Program include? XM has a Bonus Program with nonstop bonuses for trading purposes only. However, the profit generated with the bonus can be withdrawn at any time. Do you allow news trading? What leverage do you offer? We provide leverages between — The leverage depends on equity, so please read more details about this here. Margin is the required amount in the base currency of the trading account needed to open or maintain a position.
Here the result is originally calculated in the first currency of the traded pair, and then converted into the base currency of your trading account, which will be numerically displayed on your MT4, or any other trading platform.
The result will be in USD, which will be converted into the base currency of your trading account in case it is other than USD. More details can be seen here. Free margin is your equity minus margin. It means the available funds that you use for opening new positions, or for maintaining existing positions.
How can I calculate the margin? What is the margin for CFDs? You can read more details here. You can read about the swap charges here. So for 1 lot buy gold, if the position is left overnight, the swap calculation for earnings on a demo account with money withdrawal client will be The result of the swap calculation is always the secondary currency in a symbol, and the system converts it to the base currency of the trading account.
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The examples above only serve as a guide and do not reflect the current charges. Please view the current swap charges for forex instruments here and for gold and silver here. I opened 0.
As you can see, 0. Do you allow scalping? What is stop loss? Stop loss is an order for closing a previously opened position at a price less profitable for the client than the price at the time of placing the stop loss. Stop loss is a limit point that you set to your order. Once this limit point is reached, your order will be closed. For further details about the distance in points for each currency pair, please view the limit and stop levels here. Using stop loss is useful if you want to minimize your losses when the market goes against you.
You can also view this video tutorial for a more detailed explanation. What is take profit? Take profit is an order to close a previously opened position at a price more profitable for the client than the price at the time of placing the take profit. When the take profit is reached, the order will be closed. What is trailing stop? Trailing stop is a type of stop loss order. For more details about the distance in points for each currency pair, please view the limit and stop levels here.
View this video tutorial for a more detailed explanation. What does close by mean? The close by is a function on the MT4 and MT5 platforms that allows you to simultaneously close two opposite positions on the same financial instrument and save one spread.
The buy order needs to close with a sell order, and earnings on a demo account with money withdrawal sell order needs to close with a buy order.