✔️How to Change Your Introducing Broker (IB) in XM: A Complete Guide
## Introduction
Changing your Introducing Broker (IB) in XM is a process that traders may need to undertake for various reasons. This guide will walk you through the steps required to make this change while ensuring your trading activities remain uninterrupted.
## Prerequisites for Changing Your IB
Before initiating the IB change process, ensure you have:
– An active XM trading account
– Your current account login credentials
– The new IB code or referral link
– A clear understanding of the implications of changing IBs
## Step-by-Step Process
### 1. Contact XM Support
– Send an email to support@xm.com or use the live chat feature
– Request an IB change for your trading account
– Provide your trading account number(s)
– State your reason for wanting to change IBs
– Include the new IB code/referral link (My code 2CXH2)
### 2. Wait for Verification
– XM support will review your request
– They typically process IB change requests within 1-2 business days
– You may receive follow-up questions or requests for additional information
### 3. Confirmation and Implementation
– Once approved, XM will send a confirmation email
– The IB change will be implemented on your account
– Your trading activities can continue without interruption
## Important Considerations
### Timing
– Request changes during business days for faster processing
– Plan ahead if you need the change completed by a specific date
– Allow extra time for verification if you have multiple accounts
### Account Status
– Your account must be in good standing
– Any pending issues should be resolved before requesting the change
– Trading history and balance remain unchanged after IB transfer
### Potential Limitations
– Some promotional offers may be affected
– Previous IB benefits might not transfer to the new arrangement
– New IB terms and conditions will apply
## Conclusion
Changing your IB in XM is a straightforward process when followed correctly. Ensure you understand all implications and follow the official procedure through XM’s support channels for a smooth transition.
## FAQs
Q: Can I change my IB multiple times?
A: Yes, but frequent changes may be subject to review.
Q: Will I lose my trading history?
A: No, your trading history remains intact.
Q: How long does the process take?
A: Typically 1-2 business days after submission.
Q: Can I change IB for multiple accounts simultaneously?
A: Yes, include all account numbers in your request.
Remember to always verify current procedures directly with XM as policies may update over time.