How to Open an XM Account in 2026 — Step-by-Step Registration and Verification
Short answer: to open an XM account, fill in XM's registration form, choose MT4 or MT5, pick an account type (Standard, Micro, Ultra Low Standard, Ultra Low Micro or Shares), set your base currency and leverage, then confirm your email, verify your identity and make a first deposit. If you want cashback, type the official XM partner code CBT90 in the "Have a Partner Code? Enter here" field before you submit the form. The code has to go in at registration — an account opened without it usually cannot be moved later.
XM account opening at a glance
The whole process happens in your browser or the XM app. Here are the seven steps in order, and the one detail to check at each.
| Step | What you do | What to check |
|---|---|---|
| 1 | Fill in the registration form | Name and country exactly as on your ID |
| 2 | Choose MT4 or MT5 | The platform your tools and EAs run on |
| 3 | Choose account type, base currency and leverage | Standard vs Ultra Low changes your cashback rate |
| 4 | Enter partner code CBT90 | Must be done before you submit |
| 5 | Confirm your email | Check spam if the email does not arrive |
| 6 | Verify your identity | Clear, valid documents in your own name |
| 7 | Make your first deposit | Pay from an account in your own name |
Steps 1–3: registration form, platform and account type
Registration form. Open the XM registration page and enter your personal details and a password. Use your legal name and real country of residence. They must match the documents you upload later, or verification will stall.
Platform. XM offers MetaTrader 4 and MetaTrader 5. If you already use an Expert Advisor or indicator, pick the platform it was built for. Cashback under CBT90 is paid per closed lot on either one. Differences are explained in XM MT4 vs MT5.
Account type. On XM Global the form offers five types. There is no Zero account on this entity.
| Account type | 1 forex lot | Trading commission | Cashback with CBT90 |
|---|---|---|---|
| Standard | 100,000 units | None (cost is in the spread) | Gold $9.00 · EURUSD $4.80 per lot |
| Micro | 1,000 units | None (cost is in the spread) | Uses the Standard rate table |
| Ultra Low Standard | 100,000 units | None (tighter spread) | GOLD# $3.70 · EURUSD# $1.80 per lot |
| Ultra Low Micro | 1,000 units | None (tighter spread) | Not published — ask us |
| Shares | See XM's account page | Not published — ask us | |
Full per-instrument rates are in the rates table. For help choosing, read XM account types and cashback.
Base currency. The list depends on your country. Choose the currency you will deposit in, so fewer conversions happen on deposits and withdrawals.
Leverage. The XM Global form we reviewed offered leverage up to 1000:1; what you can select depends on your entity and account. Higher leverage lowers the margin a trade needs, but losses can grow just as fast. Leverage does not change your cashback. More in XM leverage explained.
Step 4: enter partner code CBT90 — before you submit
This is the step most people miss. On the form you will see the line "Have a Partner Code? Enter here". Click it and type CBT90. Whichever way you reached the form, check that the field shows CBT90 before you press submit.
The partner code is attached to the trading account at the moment it is created. If you open an account with the field empty, you cannot add the code afterwards. Can an existing account be moved to CBT90? In almost every case, no — ask XM support about your own account. Details: changing an XM partner code.
The code does not change your spreads, execution or trading conditions. Cashback comes from the commission XM pays its partners, not from your account. What the code is and how it works: XM partner code CBT90.
Steps 5–6: confirm your email and verify your account
After you submit, XM sends a message to the email address you registered. Open it and confirm your address to activate your Members Area. If nothing arrives within a few minutes, check your spam folder.
XM account verification. As a regulated broker, XM must confirm who you are before you can use the account fully. In the Members Area you will be asked to upload identity documents — typically a valid government-issued photo ID and, in most cases, a recent document that confirms your address. The exact list, accepted formats and review time depend on your country, and XM shows them on the upload screen. Upload clear colour images with all four corners visible, and make sure the name matches the one on your registration.
Step 7: make your first deposit
Once your account is active, go to the Funding section of the Members Area. Payment methods, limits and processing times vary by country, so check what XM shows for yours. XM asks you to use a bank account registered in your own name; third-party payments may be rejected.
How much you need to start is covered in XM minimum deposit. Methods and withdrawal rules are in XM deposit and withdrawal.
How to get cashback from your first trade
- Open your XM account with partner code CBT90 in the "Have a Partner Code? Enter here" field.
- Choose Standard for the higher per-lot rate, or Ultra Low for tighter spreads — compared in Standard vs Ultra Low cashback.
- Verify, deposit and trade any size from 0.01 lot. There is no cap and nothing to claim.
- Cashback for each closed trade is credited to your XM MyWallet the next day — 1 lot of Gold on Standard returns $9.00, 0.01 lot returns $0.09. See cashback in MyWallet.
Under XM's partner terms, some trades earn no cashback: trades lasting 3 minutes or less, positions closed with "close by" or "multiple close by", and churning. If part of your margin comes from a bonus, cashback is reduced in proportion.
CashBackXM is an independent cashback service and an official XM partner (code CBT90). We are not XM and never hold your funds; XM credits the cashback directly to your own MyWallet. Trading CFDs on leverage carries a high risk of loss. Cashback lowers your cost per lot but does not change the risk of any trade.
Open your XM account with CBT90 from day one.
Enter the official XM partner code in the Partner Code field — $9 per lot of Gold back to your MyWallet the next day.
Opening an XM account — questions traders ask
How do I open an XM account?
Fill in XM's registration form, choose MT4 or MT5, an account type, base currency and leverage, and enter a partner code if you have one. Then confirm your email, verify your identity in the Members Area and make a first deposit.
Where do I enter the partner code when opening an XM account?
In the registration form, in the field labelled "Have a Partner Code? Enter here". Type CBT90 and check it is shown before you submit. The code cannot be added to an account after it has been opened.
What documents does XM need to verify my account?
Typically a valid government-issued photo ID and, in most cases, a recent document that confirms your address. The exact list and accepted formats depend on your country and are shown on the upload screen in the XM Members Area.
Which XM account type should I choose?
XM Global offers Standard, Micro, Ultra Low Standard, Ultra Low Micro and Shares. None of Standard, Micro or Ultra Low charges a trading commission. With CBT90, Standard earns more cashback per lot (Gold $9.00) than Ultra Low (GOLD# $3.70), while Ultra Low has tighter spreads.
I already opened an XM account without a code. Can I move it to CBT90?
In almost every case, no. A partner code is attached when the account is created. Ask XM support about your own account.
Does entering a partner code change my spreads or trading conditions?
No. Spreads, execution and conditions are the same as on any XM account. Cashback comes from the commission XM pays its partners and is credited separately to your MyWallet.