XM — Getting started
Not the official site — a guide to how it works.
Here are the steps from opening an account to your first trade, and what to know before you start.
From opening an account to trading
Four steps and you are done. If this is your first time, we suggest starting with demo trading using virtual money.
Registration
The button below takes you to the official sign-up screen. When you first register, a real account and a demo account are created together.
Phone verification
After logging in, verify your mobile phone number.
Profile and document verification
Complete your profile and investor information and upload your ID. Check the required documents and progress under 'Profile > Upload Documents'.
Deposit and trade
Deposit from $5 and start trading on MT4, MT5 or the XM app.
Identity verification documents
Upload a color copy of an official document issued by a recognized authority.
- Accepted documents — One of: a passport (with at least 6 months of validity remaining), a driver's licence, or an ID card.
- What the document must show — It must show your full name, issue and expiry dates, date of birth, place of birth or taxpayer number, and signature.
- Additional documents — Additional documents may be requested during review. Check the progress on your profile screen.
How you deposit and withdraw
The fees the broker charges and the fees the bank charges are separate matters. The figures below are on the broker's side.
- Deposit and withdrawal methods — XM lists credit/debit cards, bank wire transfers, local transfers and e-wallets. Check which methods are actually available in Korea in the 'Funds → Deposit/Withdrawal' menu after logging in.
- Minimum amount — Both deposits and withdrawals start from $5 (or the equivalent in another currency), and this may vary by payment method.
- Fees — XM states that it does not charge deposit or withdrawal fees. It states that for international bank transfers of $200 or more, the company also covers XM's side of the bank fees, but this may change.
- How long it takes — XM states that withdrawal requests are processed automatically and can be received instantly or on the same day. Bank wire and card withdrawals take 2–5 business days.
- Deposit currency — Whatever currency you deposit in, it is automatically converted into the account's base currency.
Checked against the XM Help Center on October 9, 2026. xmglobal.com
Check before you start
A CFD is a product where you can lose your capital. Please be sure to read the following.
- Loss of capital — XM warns that its services carry a very high level of risk and that you may lose your invested capital. Only use money you can afford to lose.
- Leverage — The bigger your bet, the shorter the distance to a forced close (liquidation). As a rule, beginners should not use too much of it.
- Restricted regions — XM states that citizens and residents of the US, Canada, Israel, Iran and sanctioned countries cannot use its services.
- Korean authorization — XM Global is not authorized by Korean financial authorities, so if a dispute arises it may be difficult to receive protection under Korean law.
- Terms can change — Spreads, fees, and promotions change without notice. Check the official information before applying.
- Not a solicitation to invest — This site only compiles and passes on information; it does not recommend any particular trade.
Frequently asked questions
How much do I need to start with XM?
From $5 for Standard and Ultra Low accounts, and from $10,000 for the Shares account.
Can I just practice?
Demo trading is available. You practice on the same screens with virtual money, so no real money is involved.
What is leverage?
It is a way of trading a large amount with a small amount of money. Profits and losses both grow in multiples, so even a small move against you can force your position to be closed.
What about taxes?
Tax treatment of overseas derivatives trading differs by country and by personal circumstances. Check the rules where you live.
How do I get the XM bonus?
XM advertises a limited-time deposit bonus, but availability and percentage vary by region and only the Standard account is eligible. The bonus can only be used for trading and cannot be withdrawn, and when you withdraw money the bonus is removed in proportion. Be sure to check the terms and conditions.
I want to sign up, but my country is not on the list.
According to official information, if you cannot find your country of residence on the sign-up screen, the service is not offered in that country.
How many XM accounts can I open?
XM states that you can hold up to 10 active trading accounts with the same personal details.
See other guides
Get to know it on demo first
You can try the same screens with virtual money, and it is not too late to start once you are used to it.
This site is not XM's official site; it provides a Korean-language user guide and referral links. The button above is a referral link. Conditions such as spreads, fees and bonuses may change, so check XM's official information before applying. With CFDs you can lose your capital.