XMTrading (XM): What is a Taxpayer Identification Number (TIN) when opening an account? This article introduces and explains the latest information on why you are required to submit it and the effective registration procedure for the required documents. Since various information is often required when opening an account, be sure to prepare it in advance.
- XMtrading
- What is the Taxpayer Identification Number (TIN) for opening an XM account?
- Why is a taxpayer identification number required when opening an XM account?
- Risks of not registering your tax ID number
- Documents and information required to open an XM account
- Taxpayer Identification Number Registration Instructions
- XM Tax ID Number FAQ
XMtrading
| Operating company (運営会社) | Tradexfin Limited Fintrade Limited |
| Head office location(本社所在地) | Unit E, F28, Eden Plaza, Eden Island, Republic of Seychelles |
| Founding year(創業年) | 2009 |
| Financial License(金融ライセンス) | セーシェル金融サービス規制当局（FSA）SD010：Tradexfin Mauritius Financial Services Commission (FSC：モーリシャス金融サービス委員会)：Fintrade Limited Cyprus Securities and Exchange Commission (CySEC)：Trading Point of Financial Instruments Ltd |
| Language support（言語対応） | English、日本語、Malay、Thai |
| Platform(トレードツール) | MetaTrader 4 (MT4)／MetaTrader 5 (MT5) |
| Service Countries（サービス提供国） | Over 190 countries（190か国以上） |
| Number of users（利用者数） | Over 1 million accounts、（100万口座突破） |
| Max Leverage(最大レバレッジ) | 1000x |
| Eligible products（対象商品） | Forex、Metal、Stocks、Equity Indices / Index CFD、Energy CFD、Commodities、Cryptocurrency |
What is the Taxpayer Identification Number (TIN) for opening an XM account?
We will explain the Tax Identification Number (TIN) required when opening an XM account for beginners.
1️⃣ What is a Taxpayer Identification Number (TIN)?
Definition
A TIN (Tax Identification Number) is a number used to identify individuals and corporations for tax purposes.
In Japan, the “My Number” is treated as a TIN.
The name and format may vary depending on the country or region.
Purpose
Foreign FX brokers (such as XM) are required to report the tax information of account holders.
In particular, they must collect tax information in accordance with FATCA (Foreign Account Tax Compliance Act) for U.S. residents and CRS (Common Reporting Standard) for residents of other countries.
2️⃣ Enter your TIN when opening an XM account
How to Enter Your TIN
If you are a resident of Japan, you may need to enter your My Number as your TIN.
Some fields are optional, while others are required. Please follow the on-screen instructions.
Consequences of Not Entering Your TIN
If you do not enter your TIN, XM will be unable to complete the necessary tax reporting, and your account opening may be suspended.
It is especially important to accurately file your TIN when trading overseas FX, as profits are subject to tax.
3️⃣ Points to note
- Be careful not to disclose your My Number or TIN to third parties.
- XM keeps your information secure and will only use it for legal purposes.
- Even if you are a resident of Japan and do not require a TIN, we recommend that you write “Not Applicable” or “NA” instead of leaving the field blank.
Why is a taxpayer identification number required when opening an XM account?
We will explain for beginners why a Tax Identification Number (TIN) is required when opening an XM account.
1️⃣ Tax reporting obligations of overseas FX brokers
- As an overseas FX broker, XM is obligated to comply with international tax rules.
- In particular, we are required to collect account holders’ tax information under the following two systems:
| system | Content |
|---|---|
| FATCA（米国） | Reporting overseas bank account information for US residents to the IRS (US tax authority) |
| CRS（共通報告基準） | Reporting non-resident account information to tax authorities in each country |
→ The TIN is the identification number required for this report.
2️⃣ For taxation and tax processing
- Profits from overseas FX trading are subject to tax in your country of residence.
- XM Group keeps track of your TIN to enable accurate tax processing and reporting.
- If your TIN is missing or inaccurate, your account may be frozen or your ability to withdraw profits may be restricted.
3️⃣ Ensuring safety when opening an account and trading
- XM can improve the accuracy of its KYC (Know Your Customer) process by verifying customers’ TINs.
- Preventing money laundering and tax evasion is a legal requirement in overseas FX trading, and the TIN is part of that.
4️⃣ For residents of Japan
- The TIN for Japanese residents is your My Number.
- By registering your My Number with XM, you can smooth tax reporting and avoid the risk of account opening and trading restrictions.
- Even if your My Number is “Not applicable,” you must still declare it correctly.
Risks of not registering your tax ID number
We will explain the risks involved in not registering your Tax Identification Number (TIN) when opening an XM account in a basic format for beginners. If you have any questions about the system, terms of use, programs, or data, such as automated trading investments, please contact the support desk.
1️⃣ Delays in account opening and activation
- XM will not allow you to activate your account until you have completed KYC (Know Your Customer) and tax information verification.
- If you have not registered your TIN, account opening, bonus reflection, deposit, and trading initiation may be suspended or delayed.
2️⃣ Risk of trading and withdrawal restrictions
If you do not register your TIN, XM will not be able to fulfill its tax reporting obligations.
As a result, your account may be subject to restrictions:
Withdrawal restrictions
Trading suspension
Ineligibility for bonuses and promotions
3️⃣ Tax issues
- As an overseas FX broker, XM is obligated to collect tax information under FATCA and CRS.
- If you do not register your TIN, you may receive incorrect tax reporting or inquiries from tax authorities.
4️⃣ Declining safety of overseas FX trading
- Your TIN is also part of Know Your Customer (KYC).
- If your TIN is not registered, XM will not be able to assess the authenticity of your account to prevent money laundering and fraudulent transactions.
- As a result, you run the risk of your account being frozen.
Documents and information required to open an XM account
We’ve organized the documents and information required to open an XM account for beginners. It can be used as a checklist to ensure a smooth account opening. It can be completed on a smartphone or PC. It’s safe because it’s licensed by the Financial Services Agency. Investors should refer to the following guide and follow each step when creating their account. The basics are product trading and transaction screening.
1️⃣ Required documents
For reference, you can upload additional ID documents at any time, regardless of the conditions. You can add images from the page settings. You can also upload multiple documents yourself.
① Identification document (ID)
Required for account holder identity verification
Examples of acceptable documents:
Passport (birth certificates, etc. are acceptable if you live overseas)
Driver’s license (legal document)
My Number Card (National Health Insurance, My Number Notification Card, International Driver’s License, Residence Card)
Key Points:
Photograph in clear color
Name, date of birth, expiration date, etc. must all be visible
② Address verification documents
Documents verifying the account holder’s current address
Examples of valid documents:
Utility bills (electricity, water, gas, and resident tax totals, etc.)
Resident registration card
Bank account statement
Key points:
Issued within the last three months
Name and address must match those on identification documents
2️⃣ Required information (entry fields)
basic information
- Name (as it appears on your passport or driver’s license)
- Date of Birth
- Country of Residence/Address
- Email Address
- Telephone Number
Account-related information
- Account type (Micro/Standard/Zero)
- Account currency (JPY/USD/EUR, etc.)
- Leverage (selectable up to 888x)
Tax-related information
Required for tax reporting by overseas FX brokers.
Failure to enter this information may result in restrictions on account opening and bonus receipt.
3️⃣ Information required after opening an account
- Deposit method information (credit card, bank account, e-wallet, etc.)
- Withdrawal bank account information
- Bonus receipt preference (account opening bonus/deposit bonus)
4️⃣ Points to note
- Incomplete documentation or input errors can cause delays in account opening and the failure to receive campaigns, perks, or bonuses.
- It is important to match the information on your registration and documentation.
- The account opening bonus is limited to one per person. Not applicable to Zero accounts.
Taxpayer Identification Number Registration Instructions
We’ve organized the steps for registering your Tax Identification Number (TIN) when opening an XM account in a way that’s easy to understand for beginners. New members should prepare their latest certificates as a workaround. You’ll always be asked about tax payments in content in the investment category. Partners should be aware of this information.
1️⃣ Log in and access your account page
Visit the XM official website
Log in to your “Member Area”
Login ID (sent via email when you open your account)
Password
2️⃣ Open the profile or account information edit screen
- Select the “Personal Information” or “Account Information” section on your My Page.
- Look for items like “Tax Information,” “TIN,” or “Taxpayer Identification Number.”
3️⃣ Enter your TIN
If you are a resident of Japan: Enter your My Number.
If you are a resident of another country: Enter your country’s Taxpayer Identification Number (TIN).
Key Points
Enter your information accurately (check for typos and hyphens).
Make sure it matches your registered information.
4️⃣ Save/Submit
- Review your input and click the “Save” or “Submit” button.
- XM will review your information and update your account information.
5️⃣ Confirm
- Verify that your TIN registration is updated on your My Page.
- After completing the registration, verify that your account opening bonus and trading restrictions are not affected.
XM Tax ID Number FAQ
We have compiled a detailed list of frequently asked questions regarding the Taxpayer Identification Number (TIN) at XM. It is organized so that even beginners can easily understand. While the spreads are relatively wide, it is a safe broker. We recommend it because it handles everything from cryptocurrencies to foreign exchange. If you have any questions, please contact support by phone or email. It is a safe broker because scalping and EAs are not rejected.
1️⃣What is a TIN?
- Answer:
TIN (Tax Identification Number) is a taxpayer identification number. It is a number used to identify individuals and corporations for tax purposes.
In Japan, this corresponds to the My Number.
2️⃣ Why do I need to register a TIN with XM?
- As an FX broker, we are subject to tax reporting obligations (FATCA and CRS).
- Registering your TIN will enable accurate tax reporting and profit tax treatment.
- Failure to register may result in restrictions on account activation and bonus receipt.
3️⃣ What should Japanese residents enter for their TIN?
- If you are a resident of Japan, enter your My Number as your TIN.
- If a TIN is not required or does not apply, enter “NA” or follow the official instructions.
4️⃣ What happens if I don’t register my TIN?
- Account activation may be suspended
- Bonuses may not be granted
- Restrictions on trading and withdrawals
- Risk of tax issues
5️⃣ Can I change my registered TIN later?
- Generally, you can make corrections on your My Page, but if you make a mistake, you will need to contact XM Support.
6️⃣ Is my TIN information secure?
- XM keeps your personal information secure and will only use it for legal purposes.
- It will only be used for anti-money laundering and tax reporting purposes.
7️⃣ When should I register my TIN?
- It’s best to register when you open an account.
- You can register from your My Page even after opening an account, but not registering puts you at risk of bonuses and deposit restrictions.
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