XM copy Trading Account type

XM offers Copy Trading through its platform, allowing traders to copy the trades of successful investors. However, XM does not have a specific account type exclusively for copy trading, but you can use their standard account types for copy trading purposes through third-party platforms or services like MT4/MT5 or Signal Providers.

Here are the general account types XM offers that can be used for copy trading:

1. Micro Account:
   • Base currencies: USD, EUR, GBP, etc.
   • Contract size: 1 lot = 1,000 units
   • Leverage: Up to 1:1000
   • Spread: From 1 pip
   • Minimum deposit: $5
2. Standard Account:
   • Base currencies: USD, EUR, GBP, etc.
   • Contract size: 1 lot = 100,000 units
   • Leverage: Up to 1:1000
   • Spread: From 1 pip
   • Minimum deposit: $5
3. XM Ultra-Low Account:
   • Base currencies: USD, EUR, GBP, etc.
   • Spread: As low as 0.6 pips
   • Contract size: Micro and Standard lots available
   • Leverage: Up to 1:1000
   • Minimum deposit: $50
4. Shares Account:
   • Base currency: USD
   • Spread: Based on the underlying exchange
   • No leverage (1:1)
   • Minimum deposit: $10,000
   • This account is only for trading shares, and copy trading would be more suitable on MT4/MT5.

To engage in copy trading with XM, you can choose any of these accounts (except the Shares Account for share trading) and connect to copy trading platforms that support the MT4/MT5 environment.