To use XM MT4 or MT5, install the platform, log in with the trading account number and server from XM, open Market Watch, choose a symbol, place a small order and monitor balance, equity, margin and history.
Direct answer
MT4 and MT5 are both supported by XM, both work with the $30 bonus, and the platform you pick at account creation is fixed for that account. MT4 is older, lighter, and the standard for legacy EAs and many MQL4 indicators. MT5 is faster, supports more order types, includes a built-in economic calendar, and is the broker-recommended default for new accounts. Once you log in — with the trading account number, password, and server name XM emails you — the workflow is the same: enable a symbol in Market Watch, place a 0.01-lot order with stop-loss and take-profit, and monitor balance, equity and margin in the terminal footer.
MT4 vs. MT5 on XM — quick comparison
| Feature | MT4 | MT5 |
|---|---|---|
| Released | 2005 | 2010 |
| Bonus eligible (Standard/Micro) | Yes | Yes |
| Order types | 4 pending types | 6 pending types (incl. stop-limits) |
| Timeframes | 9 | 21 |
| Indicators built-in | ~30 | ~38 |
| Programming language | MQL4 | MQL5 (not back-compatible with MQL4) |
| Economic calendar | No | Yes (built-in) |
| Strategy tester | Single-thread | Multi-thread, multi-currency |
| Best for | Legacy EAs, simple manual trading | New accounts, modern EAs, multi-asset |
Set up XM MT4 or MT5 in 6 steps
Find the credentials email
After account approval, XM emails the trading account number, master password and the exact server name (something like XMGlobal-Real 12). Keep this email open during setup.
Download the platform from XM
Use XM's own download link, not a generic MetaQuotes installer. The XM-branded installer pre-loads the correct server list and saves time.
Log in with the exact server
Enter the account number, password, and pick the server name from the list. A typo or wrong server is the most common reason "the platform won't connect".
Verify the balance
The terminal footer should show Balance: 0.00 / Credit: 30.00 if the bonus has been claimed. If credit is missing, return to the Members Area and confirm the $30 was activated.
Enable a symbol in Market Watch
Right-click Market Watch → Show All, or pick the symbol you want (start with EURUSD). Drag it onto a chart.
Place a 0.01 test order
Use New Order, set lot size to 0.01, attach SL and TP, and submit. After the trade closes, return to the Members Area and verify the lot-volume counter advanced.
Common mistakes with XM MT4/MT5
- Logging into the wrong server — XM has multiple Real servers; the credentials email names exactly one.
- Confusing Balance with Credit: the $30 bonus is shown as Credit, not Balance.
- Trying to withdraw from inside MT4/MT5 — withdrawals only happen in the Members Area.
- Importing an MT4 EA into MT5 (or vice versa); the languages are incompatible.
- Using the demo platform install and wondering why the live $30 credit is not showing.
Check the current XM bonus in your country
Country-specific deposit bonus ? Members Area verification required ? Bonus credit is not cash
FAQ
How do you use XM MT4/MT5?
To use XM MT4 or MT5, install the platform, log in with the trading account number and server from XM, open Market Watch, choose a symbol, place a small order and monitor balance, equity, margin and history.
What should I verify before acting?
Check your XM Members Area, account entity, country eligibility, KYC status and the current promotion terms before trading or requesting withdrawal.
Is this financial advice?
No. This is an editorial guide to broker terms and workflow. Forex and CFD trading carries a high risk of loss.