Many people want to supplement or replace their current income by speculation in the financial markets. It has never been easier to trade major financial markets online with the click of a mouse or the tap of a button. XM is a leader in online internet trading, and this article will briefly discuss how to open an XM trading account.

You can open an account quickly online by visiting XM.Com and clicking on the "OPEN A REAL ACCOUNT" button. Start by filling out personal details such as name, country of residence, city of residence, phone number, and email. After filling out that information you will proceed to the next screen asking for more personal information such as your passport number, date of birth and residential address.

The next fields you need to fill out describe the type of account that you want to trade with. These include Micro, Standard, and Executive depending on your capital base. You also need to fill in the amount you expect to invest, your base currency for account statements, and the amount of leverage you want to use.

After this you need to fill out some information about your personal financial history including level of income, net worth and employment. These are used to determine your suitability for trading the amounts you filled in earlier, and will determine if you qualify for the type of account that you applied for. They are not going to approve 1:888 leverage for someone without job, no income, and no positive net worth.

Finally fill out the instruments you want to trade in and confirm that you agree to the policies of the site, and hit "open a real account". If the details are filled out properly you will be approved in a only a few minutes and can get instructions on how to send money to the account. Note that you are eventually going to have to send them a valid form of ID such as a passport and a utility bill verifying your address. This is just to verify you are who you say you are.

Opening an account at XM is relatively easy and pain free. Once opened you can download their trading platform, fund your account, and try your hand in generating profits from the global financial markets.