
XM Fees and Spreads trading involves commissions from $0 up to $3.5 / R56 ZAR depending on the account traders select and spreads from as low as 0.6 pips. The minimum deposit fee is $5 / R90 ZAR.
🔎 XM Account | 🥇 Micro Account | 🥈 Standard Account | 🥉 XM Ultra Low Account | 🏅 Shares Account |
💰 Min Deposit | USD 5 / ZAR 90 | USD 5 / ZAR 90 | USD 5 / ZAR 90 | USD 10,000 / ZAR 180986 |
📍 Negative Balance Protection | ☑️ Yes | ✅ Yes | ☑️ Yes | ✅ Yes |
🔃 Spreads from | 1 Pip | 1 Pip | 0.6 Pips | As per the underlying exchange |
💸 Commission Fee | No | No | No | ☑️ Yes |
☪️ Islamic Option | ☑️ Yes | ✅ Yes | ☑️ Yes | ✅ Yes |
🚀 Open an Account | 👉 Open Account | 👉 Open Account | 👉 Open Account | 👉 Open Account |
Min Deposit
USD 5
Regulators
FSC, CySEC, ASIC,
Trading Platform
MT4, MT5
XM Fees and Spreads- 8 key points quick overview:
- ☑️XM Fees and Spreads
- ☑️XM at a Glance
- ☑️Other Fees
- ☑️Broker Fees
- ☑️Customer Reviews
- ☑️Pros and Cons
- ☑️Conclusion
- ☑️Frequently Asked Questions
XM Fees and Spreads
XM has a low and incredibly competitive spread when compared to what other brokers offer by offering a spread list from as low as 1 pip along with zero commissions charged on trades on most accounts, except the Shares Account.
XM trading fees are according to the type of account that the trader chooses and the options along with the spread list, leverage, minimum deposit required, and commissions are as follows:
🔎 Account | 💴 Fees, Spreads & Commissions |
📉 Standard Account | Minimum deposit of $5, leverage from 1:1 to 1:1000, spreads from as low as 1 pip, and zero commissions. |
💰 XM Ultra-Low Account | Minimum deposit of $50, leverage from 1:1 to 1:1000, spreads from 0.6 pips, and zero commissions. |
🏦 Shares Account | Minimum deposit of $10,000, no leverage and commissions charges as per the underlying exchange from $1 up to $9. |
The spread is the difference between the bid and the price of a financial instrument and brokers have various ways in which this is offered; it can either be fixed, variable, or floating.
Fixed spreads are not subjected to factors such as market conditions and may stay the same, depending on the broker’s own conditions whereas other spreads may change, either increasing or decreasing, although, the lowest possible spreads are 0.0 pips.
Different brokers offer different spreads as part of their trading conditions and spreads can be classified either as tight, where they are lower, or wide, where the pips are more. For instance, 0.0 pips are tight whereas 4.0 pips are wider.
Traders will need to consult the spread list of the broker prior to opening an account to verify this as it forms part of trading fees through which the broker makes its commissions for facilitating trading activities.
The minimum deposit that XM requires to open an account is $5 which is substantially lower than what brokers who offer similar trading conditions require.
This is merely the minimum required to open an account, and traders will have to verify the margin requirements on certain trading options to ensure that they fund their account with enough to cover these margins, despite having the option of using leverage. XM offers real or demo accounts.
Leveraged and margined trading can be an advantage for traders with smaller initial deposits, but traders need to ensure that they are adequately familiarized with both the rewards and the risks involved with trading using these tools and features.
In addition to using this, traders need to beware of the risk of losing amounts that may exceed their initial deposits and it is imperative to ensure that the broker offers negative balance protection.
The purpose of this is to minimize, or eliminate, the chance of incurring losses that can put the trading account in a substantial negative, making the trader liable to cover the costs payable to the broker to bring their account back up to zero.
XM At a Glance
🔎Broker | XM |
Company Information | |
📅Year Founded | 2009 |
🧑🏻💻Amount of staff | Over 900 |
📌Current CEO | Constantinos Cleanthous |
🌟Founder/s | Constantinos Cleanthous |
👩💻Amount of active traders | Over 10 mil |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | CySEC, ASIC, IFSC, DFSA, FCA |
🌎Country of regulation | Cyprus, Australia, Belize, Dubai, UK |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes (for European clients under CySEC regulation) |
Two-step Authentication | Yes |
🔋Investor Protection Schemes | FSCS (up to £85,000) for UK clients under XM UK (regulated by FCA) |
Account Types and Features | |
➕Accounts | Micro, Standard, XM Zero (all come in MT4 & MT5 versions) |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | Not offered |
📇Minor account currencies | USD, EUR, GBP, JPY, etc. |
💰Minimum Deposit | From USD 5 |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1 business day (may vary) |
🪙Fund Withdrawal Fee | $0 |
📊Spreads from | 0.8 pips |
💸Commissions | No commission on trades (except for stock CFDs) |
💱Number of base currencies supported | More than 11 (USD, EUR, GBP, AUD, etc.) |
🚀Swap Fees | Overnight financing fees apply |
📈Leverage | Up to 1:1000 |
📏Margin requirements | As low as 1% |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | Ultra-fast (average under 1 second) |
📆VPS Hosting | Yes (free if minimum requirements met) |
Trading Instruments | |
🧾CFDs-Total Offered | Over 1,000+ |
🗠CFD Stock Indices | Major global indices 30+(e.g., S&P 500, FTSE 100) |
⚖️CFD Commodities | Popular commodities 15+ (e.g., gold, oil, natural gas) |
📜CFD Shares | Yes,600+ Shares of listed companies (exact number depends on regulations) |
Watchlist | Yes |
📱Trade Alerts | Yes |
🔄Trading Stocks with GP | Yes |
🔄Trading Indices with GP | Yes |
Swap on Trading Board | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Credit/debit cards, bank transfers, electronic wallets (Skrill, Neteller etc.), regional options |
💵Withdrawal Options | Credit/debit cards (limited to amount deposited with them), bank transfers, electronic wallets (subject to original deposit method), regional options |
🎁Welcome Bonus | Yes (region dependent) |
Trading Platforms and Tools | |
🔧Stop-loss Instrument | Yes |
💻Trading Platforms | MT4 (MetaTrader 4), MT5 (MetaTrader 5), XM WebTrader |
👩💻OS Compatibility | Windows, Mac, Android, iOS |
🖥️Forex trading tools | Technical indicators Market analysis tools Auto trading (Expert Advisors - MT4 only) Algorithmic trading (limited - MT5 only) Trading calculators Economic calendar Sentiment analysis (limited) |
Customer Support | |
🗣️Live chat availability | Yes, 24/5 |
📱Customer Support email address | support@xm.com |
📞Customer Support Contact Number | 35725029933 |
🗣️Languages supported on Website | 30+English, Malay, Chinese (Simplified & Traditional), Greek, Hungarian, Russian, Indonesian, French, Italian, Swedish |
Educational Resources and Support | |
📍Beginner Trader Friendly UX | Yes |
🖺Forex course | Yes, XM offers a forex course for beginners. |
🧏♀️Webinars | Yes |
📚Educational Resources | Yes, XM provides a library of educational resources including articles, videos, and glossaries. |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | 10000+ |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes, XM sponsors various events and teams |
🪙Rebate program | May offer occasional rebate promotions, check their website for current offers |
🗞Community Forum | No |
Official Website and Social Media | |
📧Official Website Address | www.xm.com |
📱Official Facebook Page | Yes |
📱Official Twitter Page | Yes |
📱Official YouTube Channel | Yes |
📱Official LinkedIn Page | Yes |
📱Official Instagram Page | Yes |
South African Trader Specific Information | |
Does XM Accept South African Traders? | Yes, XM accepts South African traders. They have a dedicated South African branch, XM ZA (Pty) Ltd, which is authorized by the Financial Sector Conduct Authority (FSCA) with authorization number 49976. |
Is XM regulated by the South African regulatory body (FSCA)? | Yes, For South African clients, XM operates under the regulation of the FSCA through their South African branch, XM ZA (Pty) Ltd. This ensures adherence to local regulations for client protection. |
Does XM offer an Affiliate Program for South African Traders? | Yes, XM offers an affiliate program for South African traders. You can find more information about it on the XM ZA website or by contacting their support team. |
Does XM allow opening trading accounts in ZAR (South African Rand)? | Yes, XM allows opening trading accounts in ZAR (South African Rand). This makes it convenient for South African traders to deposit, trade, and withdraw funds without currency conversion fees. |
👉Open Account | 👉Open Account |
Other Fees
Traders should note that certain financial instruments can only be traded during a certain time of the day, especially when considering different time zones, and additional fees may be charged should they hold these positions after they have closed.
Traders should always note that Overnight fees, otherwise known as swap fees or rollover fees, may be charged for positions held open for longer than a day.
XM offers the option of an Islamic account to traders who are of the Muslim faith and who operate under Sharia Law.
The purpose of an Islamic Option on accounts to Muslim traders is to ensure that they are not subjected to interest rates, of which overnight fees are only one, which is prohibited by the Sharia law as it is seen as exploitative or wasteful.
In ensuring that there is a swap-free, or Islamic account, option, brokers such as XM more adequately cater to traders, such as Muslim Traders, amidst others who may be restricted from trading due to their religion or other beliefs.
XM does not offer traders spread betting and therefore spread betting fees are not applicable to this broker. Very few ECN brokers, if any at all, offer spread betting as ECN brokers work according to a different trading facility.
There are, however, brokers who are ECN, STP, NDD, Market Makers, or a combination of all, which allows for the facilitation of various traders in providing a variety of trading models according to which they operate, which is advantageous.
Min Deposit
USD 5
Regulators
FSC, CySEC, ASIC,
Trading Platform
MT4, MT5
Broker Fees
XM does not charge any deposit fees or withdrawal fees internally, but traders will need to verify additional fees on transactions with their payment provider.
There is no indication of whether XM charges any additional broker fees such as inactivity fees or fees pertaining to account maintenance and management, according to research in South Africa. View XM’s sign-up bonus.
Customer Reviews
🥇 Good Experience.
I have had a good experience with this broker thus far.
No problem with withdrawals or deposits as they let you withdraw back to the bank account you used to deposit with. In addition, they offer the best and the fastest customer support.
🥈 Best Broker (Bonuses, Withdraws, Costs and Support)
XM is a good broker in terms of withdrawals, customer support, and bonuses. However, they could improve on their spreads, otherwise everything else is fantastic.
🥉 Good for Starters
One of the best brokers to start your forex journey. I think most newbies have tried this broker due to their heavy marketing. So far they have honored all my profit withdrawals without any problems. Customer support is very good and the platform is good too.
Pros and Cons
✅Pros | ❌Cons |
Tight and competitive spreads | None noted |
Low minimum initial deposit amount | |
Zero commissions with most accounting options | |
Deposit fees and withdrawal fees are not charged |
Conclusion
XM Fees and Spreads is considered a safe, trustworthy broker with average risk with spreads as low as 0.6 pips, leverage ranging from 1:100, and a trust score of 84 out of 99. XM Group doesn’t operate a bank and is not publicly traded but is authorized by two tier-1 regulators (high trust)
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Frequently Asked Questions
What spreads can I expect with XM?
XM offers tight spreads as low as 0.6 pips on all major currency pairs irrespective of account types and trade sizes.
Does XM charge withdrawal fees?
No withdrawal fee is charged, except for bank withdrawals below $200 /ZAR 3000 which incur a $15 /ZAR 225 fee.
Does XM charge commission?
Yes, Commissions are charged when using the Shares Account depending on the underlying asset, ranging from $1 up to $9. / ZAR 15-135.
How many instruments can I trade with XM?
Forex / Stock CFDs / Commodities / Equity Indices / Precious Metals / Energies, and / Shares
Which platforms are supported by XM?
XM provides the following popular trading platforms: MetaTrader 4, and MetaTrader 5
Does XM offer leverage?
Yes, traders have access to leverage from 1:100 to 1:1000 depending on the account.
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