What documents are required to open XM's Forex trading account? Table of Contents
Documents required verify accounts with XM
In order to start trading and to be able to make withdrawals from your account, your account has to be validated, therefore you must provide a copy of your ID and a recent utility bill (e.g. electricity, gas, water, phone, oil, Internet and/or cable TV connection) or bank account statement not older than 6 months, and confirming your registered address.
Precisely, you need to provide the following 2 types of documents to XM.
- A color copy of valid passport or other official identification document issued by authorities
- A recent utility bill dated within the last 6 months
You can submit the documents during the account opening procedure, via email later from XM’s members area.
Why do I need to verify my account?
As a regulated company, XM operates in accordance with a number of compliance-related issues and procedures imposed by their main regulatory authority, Financial Services Authority (FSA).
These procedures involve the collection of adequate documentation from the clients with regards to KYC (Know Your Client), including the collection of a valid ID card and a recent (within 6 months) utility bill or bank account statement that confirms the address the client has registered with.
You don’t need to submit the documents again.
When you open additional trading accounts with XM, your new account will be validated automatically, as long as you will use the same personal /contact details as for your previous account.
*If you wish to update your residential address, please send an email to XM from your registered email address and upload the POR (not older than 6 months) confirming that address in the Members Area.
We have summarized the FAQs about XM’s trading service and account opening. Visit the page here for more.
Please check XM official website or contact the customer support with regard to the latest information and more accurate details.
XM official website is here.
Please click "Introduction of XM", if you want to know the details and the company information of XM.
IronFX
Comment by Diletta
March 26, 2024
Awesome bonuses, good leverage. A few hiccups, but support rocks!