To trade FX on XM, you need to open an account. This article explains whether minors (under 18 years of age) can use the service. Recently, the number of underage and student traders who earn millions of yen per month has increased significantly. It seems that there are many people who have been studying FX and stocks since they were still in high school. The barrier here is the age restriction of FX brokers, and there are risks with any investment, so high school students who are minors are basically unable to use FX brokers. XM is no exception to this.
- XMtrading
- Age restrictions for opening an XM account
- Things to note when students and minors use XM
- XM account opening procedures and required documents
- About using the XM demo account
- Points to note when opening an XM account
- Frequently asked questions about opening an XM account
- Q1. Is it free to open an XM account?
- Q2. What documents are required to open an account?
- Q3. How long does it take to open an account?
- Q4. Can minors open an account?
- Q5. Can students, housewives, and unemployed people open an account?
- Q6. Can I open multiple accounts?
- Q7. Why are my documents not approved?
- Q8. Can I make a deposit or trade before submitting the documents?
- Q9. Can I receive the XM bonus immediately by simply opening an account?
- Q10. Can I use only the demo account?
- Q11. Can I open an account even if I live overseas?
- Q12. Can I change my address or name?
- Related
XMtrading
| Operating company | Tradexfin Limited Fintrade Limited |
| Head office location | Unit E, F28, Eden Plaza, Eden Island, Republic of Seychelles |
| Founding year | 2009 |
| Financial License | （FSA）SD010：Tradexfin Mauritius Financial Services Commission (FSC：)：Fintrade Limited Cyprus Securities and Exchange Commission (CySEC)：Trading Point of Financial Instruments Ltd |
| Language support | English、日本語、Malay、Thai |
| Platform | MetaTrader 4 (MT4)／MetaTrader 5 (MT5) |
| Service Countries | Over 190 countries |
| Number of users | Over 1 million accounts |
| Max Leverage | 1000x |
| Eligible products | Forex、Metal、Stocks、Equity Indices / Index CFD、Energy CFD、Commodities、Cryptocurrency |
Age restrictions for opening an XM account
Here’s what we know so far about XMTrading’s (XM) “age limit for account opening.” To get started, please check the company’s overview and details on the homepage. The spreads are wide, but there are plenty of bonuses and campaigns.
✅ XM Age Restrictions — Basic Rules
- XM allows anyone aged 18 or older to open a real account.
- If you’re 18 or older, you can open an account regardless of your income, occupation, or age, including high school or university students and part-time workers.
- People under the age of 18 cannot open a real account with XM, even with parental consent.
💡 Additional points and precautions
- XM does not have a specific upper age limit, so even elderly people can use the service as long as they meet the age requirements.
- There are basically no restrictions based on conditions other than age (such as occupation or income). Even if you are unemployed, a student, or a housewife/househusband, you can open a real account as long as you are 18 years of age or older.
- However, to open a real account, you will need to verify your identity (identification document + address verification document), which must be correctly submitted and approved.
Things to note when students and minors use XM
If you are a student or young person (including those around 18 years old) who is using or planning to use XMTrading (hereinafter referred to as “XM”), we will organize the “points of caution” that you should be aware of, divided into institutional restrictions and risks/operational precautions.
✅ Institutional and contractual points to note
- Those Under 18 Are Not Allowed to Use Real Accounts
- At XM, you must be 18 or older to open a real money trading account. Minors (under 18) are not permitted to hold accounts.
- Student IDs are Not Accepted as Identification
- To open and activate an account, you must provide photo ID such as a passport, driver’s license, or My Number card, as well as proof of address. A student ID alone is not acceptable.
- Accounts in family members’ or other people’s names are prohibited.
- “Creating or using an account in a parent’s name” is a violation of the terms of service and, in the worst case, may result in the account being frozen or withdrawals being refused.
- Restrictions on Bonus and Campaign Applications
- Bonuses and campaigns (such as “no deposit bonuses”) may be unavailable if you do not meet age restrictions (18 or older).
⚠️ Operational and psychological risks to be aware of
When students and other young people use XM, there are the following risks and things to be aware of:
- If you have limited funds, losses could affect your tuition fees and living expenses.
- Many young people have limited funds. Even with a zero-cut system, reducing your initial capital can have a significant impact on tuition fees, living expenses, and future preparations.
- Lack of experience and knowledge can lead to large losses.
- FX/CFDs can easily produce large gains and losses due to leverage and market fluctuations, and trading with a casual “gambling mentality” can quickly wipe out your funds. The younger you are, the more careful you are of this risk.
- Juggling life and studies is difficult.
- Foreign exchange and markets can fluctuate significantly late at night and early in the morning, so students who trade at the expense of classes and sleep can easily have a negative impact on their health and academic performance.
- The danger of “security without debt” leads to overconfidence.
- Even with a zero-cut system, there’s no risk of debt. Opening large positions, thinking, “I don’t care if my deposit goes to zero,” can lead to poor capital management. This can result in the loss of experience and funds.
- Even if you’re a student, if you make a profit, you’re required to pay taxes and file tax returns. Those with low incomes in particular can run into trouble if they’re unfamiliar with tax procedures and procedures.
XM account opening procedures and required documents
Below we will explain the procedure and necessary documents when opening an account with XMTrading (XM).
✅ XM account opening procedure
Access the application form from the official website.
Go to the “Real Account Open” page on the XM official website and enter your name, country of residence, email address, phone number, etc.
Select your trading platform (MT4 or MT5) and account type (Standard/Micro/Ultra-Low, etc.).
Enter your profile information.
Register your name, address, date of birth, etc. Your country of residence and address must match your official documentation.
You may also be prompted to enter your investment experience and account currency.
Submit your KYC (Know Your Customer) documents.
Upload your ID and address verification documents. This will complete the “Account Verification” process.
Once your documents are approved, your real account will be activated and all trading functions, including depositing funds, trading, and withdrawals, will become available.
(Optional) Set up your trading platform.
Once activation is complete, download MT4/MT5 and log in. Prepare your trading tools.
Deposit and Start Trading
Deposit as needed and start trading. There are usually no costs involved in opening or activating an account.
*In some cases, the review results will be returned within a few minutes to one business day.
📄 Documents required to open an XM account (identity verification and address verification)
XM requires the submission of two basic documents.
🆔 Proof of Identity (POI)
The following government-issued photo IDs are acceptable:
Driver’s License
Passport (valid)
My Number Card/ID Card/Residence Card with photo, etc.
*Passports must be valid and clearly state your name, date of birth, issue date, and expiration date.
🏠 Proof of Residence/Proof of Address (POR)
Recently issued (usually within the last three months) documents such as the following are acceptable:
Utility bill or receipt (electricity, gas, water, internet, etc.)
Bank statement or usage statement
Resident registration card or health insurance card (with address), etc.
*Please note that a My Number notification card alone will not be accepted.
✅ Important points to note when submitting documents and how to avoid common problems
- Submitted documents must be current and within the last three months of issue, or new.
- Name, address, etc. must match exactly as they appear on official documents. Typos or errors in romanization may result in your application being rejected.
- Document images should be clear and all four corners visible. Blurry, cut-out, or reflective images may delay the review process or even result in your application being rejected.
- Opening an account is free, but you won’t be able to deposit, trade, or withdraw funds until you’ve completed “activation (identity verification),” so it’s best to submit your documents as soon as possible.
About using the XM demo account
Below is an easy-to-understand summary of how to use the XM demo account. The XM demo account is a free account that allows you to practice FX and CFD trading in the same trading environment as a real account.
Because you trade using virtual funds, losses will not be reduced by your real money.
🧭 XM Demo Account Creation Procedure (Simple)
XM Official Website → “Open a Demo Account”
Enter your name, email address, phone number, etc.
Select your account type, MT4/MT5, virtual funds, and leverage.
Receive your login information via email and log in to MT4/MT5.
No identification is required.
MT4/MT5 can be used on PC, smartphone app, and tablet.
💡 What you can do with a demo account
- Practice using MT4/MT5
- Confirm order methods (market orders, limit orders, stop orders, etc.)
- Test chart analysis and indicators
- Test automated trading (EA) operations
- Test trading strategies
- Compare account types and leverage settings
🆚 Difference between demo account and real account
| item | demo account | real account |
|---|---|---|
| funds | Virtual funds | Actual funds |
| emotional factors | No pressure | There is a psychological impact due to profits and losses |
| Contract | There may be some preferential treatment | Slippage may occur depending on market conditions |
*In actual trading, there is a risk of losing funds, so the psychological difference is huge.
⚠️ Points to note when using a demo account
- Your account will be deleted if you do not log in for 90 days.
- Since the fluctuation of virtual funds does not directly reflect real-world sentiment, be careful not to overtrade.
- Execution speed may not be exactly the same as in real life.
Points to note when opening an XM account
Below we have summarized the points to note when opening an XM account. Knowing these points before opening an account will help you avoid any problems.
1️⃣ Age and identity verification notice
- Those under 18 are not permitted to open an account.
- Students over 18 can open an account.
- Identity and address verification documents are required.
- ID: Driver’s license, passport, My Number card, etc.
- Proof of address: Utility bill receipt, bank statement, resident registration card, etc. (issued within the last three months)
- The name and address on the document must match exactly with the registered information.
- Even a single character difference will not be approved.
2️⃣ Notes on name and document submission
- Opening an account in someone else’s name is not allowed.
- Opening an account in a parent’s or friend’s name may result in withdrawal denials or your account being frozen.
- Take clear photos of your documents and submit them.
- If the photos are blurry or have cut edges, approval may be delayed or rejected.
- Check the deadline for submitting documents.
- In principle, address verification documents must be issued within three months.
3️⃣ Notes on account information and settings
- Select an Account Type
- XM offers a variety of account types, including Standard, Micro, Zero, and Ultra-Low. Choose the type that best suits your needs and trading style.
- Leverage Settings
- You can set it up to 1,000x, but be aware that high leverage carries a higher capital risk.
- Currency Selection
- Since your account currency cannot be changed later, choose the currency that best suits your funds, such as JPY, USD, or EUR.
4️⃣ Notes on deposits and bonuses
- Withdrawals are not possible before account activation.
- Deposits are possible, but withdrawals are not possible before document approval.
- Activation is required to receive bonuses and promotions.
- You will not receive bonuses just by opening an account.
5️⃣ Notes about Demo and Real Accounts
- Demo accounts don’t use real money, but they do have psychological implications.
- Since real trading involves losses, winning in a demo account doesn’t necessarily translate to the same results in a real account.
- You can create up to five demo accounts.
6️⃣ Important points to note when trading overseas FX
- Rules are different from those for domestic FX trading.
- No margin calls (zero-cut system).
- Deposits and withdrawals are made via international remittance.
- Tax processing is your responsibility.
- If you make a profit, you must file a tax return. Even students may be subject to tax.
Frequently asked questions about opening an XM account
Below we have compiled a list of frequently asked questions (FAQs) regarding opening an XM account.
We have organized the information to focus on points of particular concern for those who are planning to open an account or who have run into problems along the way.
Q1. Is it free to open an XM account?
Yes, it’s completely free.
There are no account opening fees, maintenance fees, or annual fees.
Q2. What documents are required to open an account?
Basically, you’ll need two documents:
Identification (with photo)
Examples: Driver’s license, passport, My Number card, residence card, etc.
Address verification (issued within the last three months)
Examples: Utility bill receipt, bank statement, resident registration card, etc.
Q3. How long does it take to open an account?
After submitting your documents, your application will usually be approved within 1 hour to 1 business day.
There may be delays during busy periods or if your documents are incomplete.
Q4. Can minors open an account?
No, if you live in Japan, you cannot open an account if you are under 18 years old.
Students over 18 years old can open an account.
Q5. Can students, housewives, and unemployed people open an account?
Yes, you can open an account without any problems.
Just enter your actual situation in the occupation field.
Q6. Can I open multiple accounts?
Yes, you can have up to 8 accounts.
(You can also have separate MT4 and MT5 accounts.)
Q7. Why are my documents not approved?
Common examples:
The address or name does not match the registered information
The document is outdated or has an old issue date
The photo is blurry or has missing edges
Submitting an ineligible document, such as a My Number notification card
Q8. Can I make a deposit or trade before submitting the documents?
Deposits are possible, but withdrawals and transactions are only possible after document approval.
Q9. Can I receive the XM bonus immediately by simply opening an account?
You can receive the money after activating your account (completing identity verification).
Q10. Can I use only the demo account?
Yes, you can create one with just your email address and no identity verification is required.
You can use up to 5 demo accounts for free.
Q11. Can I open an account even if I live overseas?
While there may be usage restrictions depending on the country,
there are many regions where it is possible to open an account from outside Japan.
(Examples of countries where it is not available: the United States, Canada, etc.)
Q12. Can I change my address or name?
Yes, you can change it, but you will need to resubmit your identification documents.
コメント