XM
Questions & Answers

Let me tell you about the minimum deposit and how much you need to truly start trading with comfort.

Yes, the minimum deposit criteria of xm is 5 dollars, but it’s actually not enough if you want to trade for real. I mean the margin will not be enough. You will have to take super tiny trades with tight stop loss and the smallest lot possible out there. This will limit your trading experience a lot and make you get frustrated. I think you will able to take only one trade, the next one may not happen if you lose the first trade. So, i would advice you to deposit a larger amount of money to trade comfortably. The deposit of $200 will do the job perfectly, it’s not a lot of money to risk, plus it will you give the room for all of your trades if you will use risk management properly.

However, what some may do is deposit $5 and try to withdraw it right away to see if the broker is legit. It’s just a quick test if you understand the concept. But there is nothing to worry about with xm, as it’s regulated broker that is literally getting awards of the best broker in the world...