Answers to popular questions about Power of Price and our services
There is absolutely no cost. Opening an account through us is a free service, and you also receive additional benefits such as access to the LINE VIP room, IB rebate on spread costs, and many more exclusive promotions.
You need to prepare 2 documents: 1) Proof of Identity - National ID card or Passport, and 2) Proof of Address - House registration, utility bill, or bank statement (not older than 6 months).
Typically it takes 1-2 business days, but in many cases verification can be completed within a few hours, depending on the clarity of the submitted documents.
XM requires a minimum deposit of only $5, making it easy to get started. However, we recommend depositing according to a risk management plan that suits you. Generally, starting with $100-500 or more is advisable.
Yes! XM supports deposits and withdrawals through Thai banks directly, including PromptPay, Internet Banking, and Local Bank Transfer. There are no fees from XM, and it takes approximately 1-3 business days.
An IB is an official partner of a broker who introduces new clients. When you open an account through an IB, you receive additional benefits such as rebates, VIP room access, and trading knowledge that are not available when opening a regular account.
IB Rebate is cashback from the spread/commission you pay on every lot traded. Power of Price shares a portion of our IB revenue back to members. The more you trade, the more you get back. Rebates are paid weekly.
There are no additional costs whatsoever. You trade normally just like opening an account directly with XM, but with extra benefits. Spreads are the same -- no additional markup.
The LINE VIP room includes: Daily Market Analysis every morning, Trade Ideas with Entry/SL/TP, Market Sentiment Data (Gold, BTC, Forex), important news affecting markets, Q&A sessions with the team, and a quality trading community.
It's free! When you open an XM account through Power of Price, you get lifetime access to the LINE VIP room at no cost.
Market analysis is posted every Monday-Friday at 07:00 before the market opens. Additionally, there are real-time Trade Alerts when interesting trading opportunities arise, and a Weekly Summary every week.
XM supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) on Desktop (Windows/Mac), Mobile (iOS/Android), and Web Browser. Download for free from the XM website.
XM offers leverage up to 1:1000, but we recommend using leverage carefully. High leverage amplifies both profits and losses. It should be used alongside proper risk management.
XM offers a wide range of instruments: Forex (55+ currency pairs), Gold & Silver, Commodities (Oil, Gas), Indices (S&P500, Nasdaq), Crypto (BTC, ETH), and Stocks CFDs.
MyFXBook is a platform that verifies real trading results by connecting directly to trading accounts. The data is authentic and cannot be modified. Power of Price uses MyFXBook to display real trading performance to members, ensuring full transparency.
After opening an account and receiving your login credentials, you can download from the XM Members Area by selecting the desired platform (MT4/MT5) and device (Desktop/Mobile). Our team is ready to assist you via LINE.
After successfully opening an account, XM will send an email containing your Account Number and Server details. You can also view it in the XM Members Area under the "My Accounts" menu.
Sign up for a free MyFXBook account, then select "Add Account" > "Auto Update" > choose XM as the broker > enter your Account Number and Investor Password (not the Trading Password). The system will sync data automatically.
Contact the Power of Price team -- we're ready to answer all your questions.