XM demo account will allow you to test the trading platform and trading conditions of this broker without putting your money at risk . It is the best way to start for both beginners and traders who have already worked with some other broker and want to assess whether XM is the right broker for their trading operations.
If you are new to trading, with the XM demo account you can learn to invest , become familiar with the platform , open, manage and close positions, analyze the market situation , and make your trading decisions in an appropriate way. , to improve your strategy and test your potential before moving to a real money account. By operating with virtual money, both gains and losses are simulated . You will not put your capital at risk in this learning phase and when you feel comfortable you can go to a real account with much more possibilities of success.
We consider that XM is recommended for all types of traders because it is a regulated broker , with a wide catalog of financial instruments in which to invest (currency pairs from the Forex market, raw materials, energy and stock indices), offers fairly tight spreads , order execution is fast and without re-quotes and any trading strategy is allowed without any restrictions.
What are the main features of the XM demo account?
– The XM demo account is completely free . You do not have to deposit money to use it, or provide any bank details, nor do you have any commitment with the broker.
– It has the advantage of being a demo account unlimited in time . You can use it as long as you want. Other brokers usually limit the use of demo accounts to 30 days, for example, to force you to switch to the real account as soon as possible. This does not happen in XM since you can test as long as you want without limitation of any kind. It will only be closed if it is inactive for more than 120 days, in which case you can reopen a new one if you need it later.
– It comes preloaded by default with € 100,000 of virtual money for you to do the test operations you need. If you want, when you open the demo account you can change that amount for other amounts between € 3,000 and € 5,000,000. Our recommendation is that you choose a configuration more or less similar to what you would do in a real account. For a correct learning, it is that you take this demo account as if it were real money. Even so, in the beginning it is easy for you to make some mistakes and it is convenient that you have a balance large enough to be able to test.
– The XM demo account gives you full access to the trading platform , both the popular MetaTrader 4 for PC or MAC and the specific versions for smartphones and tablets with iOS or Android system.
– Trading operations are exactly the same as what you will have in a real account . It offers the same instruments and trading conditions as a real money account.
As we mentioned before, if you want to really learn you should take this demo account as if it were a real account . If you make decisions lightly and operate without control, it will be of little use to you. The psychological factor will always have a greater impact on a real account since it is your money that is at stake and you will have to face and control both fear and greed. Although the balance of the demo account is virtual, try to operate with caution and discipline as if it were your own money.
How to open an XM demo account?
Opening a demo account with XM is easy and it only takes a minute to get it ready:
1 – Access the XM demo registration page by CLICKING HERE .
2 – Fill in the form with your name, surname, country, city, telephone and e-mail address (only English alphabet characters, if accents, …). Select the currency you want to work with (for example EUR), the level of leverage and the virtual balance to trade. Then click on the “Open Demo Account” button
3 – Next you will receive the access data of your demo account and you will be able to access the download from the investment platform. You will also receive a confirmation email with these same details. It only remains to download and install the platform and you can start managing your XM demo account.
Discover our real experience on how to open an account in the XM broker, deposit funds and withdraw money . We show you step by step , with screenshots and we explain all the details you should know:
HOW DOES THE BROKER XM WORK?
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