How much are the fees & commission of XM? Table of Contents
- Spread-only accounts: Micro, Standard and Ultra Low
- XM Zero account commissions
- Share and stock CFD commissions
- Swap / rollover fees
- Non-trading fees at XM
- Putting the numbers together: practical cost examples
- How XM’s fee model affects Forex trading strategies
- Comparison of XM Account Types and Platforms
- XM account families at a glance
- Micro Account – smallest contract size, spread-only pricing
- Standard Account – regular contract size, spread-only pricing
- XM Ultra Low Account – tighter spreads, still commission-free
- XM Zero Account – raw spreads plus fixed commission
- Shares Account – direct share dealing with higher minimum
- Platform stack
- How account types map to platforms
- Comparing account types by trading style
- Platform choice in context
XM structures its Forex trading fees around a mix of spreads, commissions, swap/overnight charges and a small inactivity fee, with no broker-side deposit or withdrawal charges. Once you understand how each part is calculated, you can work out exactly how much you pay per trade and per month.
XM groups its costs into four main categories for most retail traders:
- Spreads – the difference between bid and ask on each Forex or CFD instrument
- Trading commissions – charged only on the XM Zero account and on share trading
- Swap / rollover – overnight financing charges or credits on open positions
- Non-trading fees – mainly the dormant (inactivity) fee and currency conversion charges
XM does not charge:
- Account opening fees
- Ongoing account maintenance fees (beyond the dormant charge)
- Broker-side deposit or withdrawal fees on supported payment methods
Spread-only accounts: Micro, Standard and Ultra Low
On most XM Forex and CFD accounts, the main trading cost is the spread.
Micro and Standard accounts
For Micro and Standard accounts:
- XM uses variable spreads, not fixed spreads
- Typical spreads on major Forex pairs such as EUR/USD are around 1 pip and above under normal liquidity
- There is no trading commission on these two account types
XM’s own costs-and-charges document gives an example of EUR/USD with a 1.6-pip spread, which it translates into 16 USD cost for one standard lot (100,000 units):
- Spread = 1.6 pips
- Value of 1 pip on 1 standard lot of EUR/USD ≈ 10 USD
- Cost = 1.6 × 10 = 16 USD per round trade
That example shows how the spread alone defines your round-turn trading cost on spread-only accounts.
Ultra Low account
The Ultra Low account is built for tighter spreads:
- Spreads start from about 0.6 pips on major pairs, and can tighten further in active markets
- There is no extra trading commission
- Contract sizes are available in both micro and standard form
Independent reviews often measure Ultra Low EUR/USD spreads at roughly 0.6–0.8 pips, about half of what Standard and Micro accounts show for the same pair.
In cost terms:
- If the spread is 0.8 pips, one standard lot of EUR/USD costs:
- 0.8 × 10 USD = 8 USD per round trade
This account is explicitly promoted as the option with low spreads, low swap and low commission levels for high-volume trading.
XM Zero account commissions
The XM Zero account uses a hybrid model: very tight spreads plus a fixed commission.
Commission size
XM’s official costs-and-charges document states:
- Commission is 7 USD per 100,000 units for a full open-and-close cycle
- This is charged as 3.5 USD per side (per 100,000 traded) when you open the trade
- The total is therefore 7 USD per standard lot for a round-turn
So, for one standard lot of EUR/USD on XM Zero:
- Commission = 7 USD per round trade
- Spread can be as low as 0.0–0.2 pips on major pairs in many conditions
Independent cost breakdowns often quote:
- Spread: 0.2 pips (≈ 2 USD per lot per round trade)
- Commission: 7 USD per lot round-turn
- Total round-trade cost ≈ 11 USD
That keeps the total cost competitive with many ECN-style accounts, with most of the fee expressed as a transparent commission.
When XM Zero makes sense
XM Zero tends to suit:
- Traders who value tighter spreads for scalping and intraday strategies
- Systems that rely on minimal spread, where the explicit commission is easier to model in backtests
The trade-off is clear: tighter spreads than Micro/Standard with an added 7 USD commission per lot.
Share and stock CFD commissions
For Share accounts and some stock CFDs, XM charges volume-based commissions instead of spread-only pricing. These are structured per share or as a percentage of traded value, depending on the exchange and product.
Key points:
- Commissions apply on stock dealing, not on Forex pairs
- The exact rates differ by market (US, UK, European exchanges and others)
- Spreads on shares are largely market-driven; XM adds commission on top
For most Forex-focused traders who stay on Micro, Standard, Ultra Low or Zero accounts, these share-specific commissions do not apply.
Swap / rollover fees
Whenever you keep a position open overnight on XM, a swap (rollover) fee or credit is applied. XM explains this in its execution policy and costs sheet:
- Every Forex trade involves borrowing one currency and lending another
- The interest rate difference between the two currencies determines whether you pay or receive swap
- XM applies a credit or debit to your account if a position remains open past the daily rollover time
- On some instruments there is a triple swap on one day of the week to account for weekend financing
Important practical points:
- Swap applies to Forex, indices, metals, energies and other CFDs
- The actual swap rate per symbol is instrument-specific and can be positive or negative
- XM publishes detailed swap tables for each symbol inside MetaTrader and its web resources
Islamic (swap-free) accounts
XM offers Islamic accounts (swap-free) on request for clients who need to avoid interest:
- On these accounts, no swap interest is charged or paid on overnight positions
- Instead, XM may apply a fixed administration fee on certain instruments after a grace period
- The admin fee is flat per lot per night and replaces the variable interest-based swap
This structure keeps overnight costs transparent while aligning with Sharia compliance.
Non-trading fees at XM
Beyond trading costs, XM applies a few non-trading fees that matter for long-term account management.
Deposit and withdrawal fees
XM states clearly that it does not charge deposit or withdrawal fees for standard payment methods such as:
- Bank wire transfers
- Credit/debit cards
- Popular e-wallets
However:
- Your bank or payment provider may still charge its own transfer fee or currency conversion cost
- Those external costs are outside XM’s pricing and depend on your bank or wallet
From the broker’s side, deposits and withdrawals are fee-free.
Inactivity (dormant) fee
XM defines a clear dormant fee in its official costs document:
- If there is no trading, deposit or withdrawal activity for 90 calendar days, the account becomes dormant
- Once dormant, XM charges a monthly 5 USD fee (or the entire free balance if it is lower than 5 USD)
- If the free balance is zero, there is no charge and the account is simply archived
So, if you leave a small positive balance in an inactive account for several months, expect 5 USD (or currency equivalent) per month until the balance falls to zero.
Currency conversion fees
XM allows you to deposit, withdraw and trade in multiple base currencies. When a transaction involves converting between currencies (for example, depositing in EUR on a USD-based account), a conversion markup applies:
- The precise markup is not published as a fixed percentage
- It is embedded into the conversion rate used by the broker or payment provider
For active Forex traders, the main impact of conversion fees appears when:
- Depositing in a currency different from the account base currency
- Withdrawing to an account in a different currency
- Trading instruments quoted in another currency while monitoring profit in the base currency
Keeping deposits and account base currency aligned reduces this hidden cost.
Putting the numbers together: practical cost examples
To see how XM fees compare across account types, consider one standard lot of EUR/USD (100,000 notional) opened and closed within the same day, so no swap applies.
Micro / Standard account example
Assume a 1.4-pip spread (within the typical 1–2 pip range).
- Pip value on 1 lot of EUR/USD ≈ 10 USD
- Cost = 1.4 × 10 = 14 USD per round trade
- No commission
Total trading fee for that trade: 14 USD.
Ultra Low account example
Assume a 0.8-pip spread on the same pair.
- Cost = 0.8 × 10 = 8 USD per round trade
- No commission
Total trading fee: 8 USD, lower than Micro/Standard for the same volume.
XM Zero account example
Using numbers from independent tests and XM’s commission schedule:
- Spread: 0.2 pips → 0.2 × 10 = 2 USD
- Commission: 7 USD per round trade (3.5 per side)
- Total cost = 2 + 7 = 9 USD
Here the total is slightly above the Ultra Low example but with much tighter spread, which can be important for certain short-term strategies.
How XM’s fee model affects Forex trading strategies
With these numbers in mind, the choice of account and trading style directly influences how much you pay.
For swing and position traders
If you hold trades for days or weeks:
- Spread differences of a few tenths of a pip matter less
- Swap fees become the most important ongoing cost or income stream
- You may choose Micro/Standard or Ultra Low, focusing on:
- The average swap on your pairs
- The account base currency to reduce conversion fees
Islamic accounts remove swap interest but can add fixed admin charges on some symbols, so the effective overnight cost still needs to be considered.
For scalpers and day traders
If you focus on short-term trades:
- Every pip of spread has a big impact
- Ultra Low or XM Zero accounts usually offer the lowest total cost per round trade in that context
- The choice between Ultra Low and Zero comes down to:
- Preference for spread-only pricing vs spread + commission
- How your strategy reacts to very tight spreads
For low-frequency or inactive traders
If you only trade occasionally:
- Spread differences matter less than avoiding extra charges
- You should be aware of the 90-day inactivity window and the 5 USD dormant fee
- Closing or withdrawing small stray balances before long breaks keeps dormant fees at zero
In practical terms, XM’s Forex fee structure can be summarised as:
- Trading fees
- Micro / Standard:
- Commission-free
- Variable spreads, majors typically from about 1 pip and above
- Ultra Low:
- Commission-free
- Tighter spreads, often around 0.6–0.8 pips on key Forex pairs
- XM Zero:
- Commission 7 USD per lot round-turn
- Spreads frequently near 0.0–0.2 pips on major pairs
- Micro / Standard:
- Overnight fees
- Standard accounts: swap debit or credit based on interest rate differentials
- Islamic accounts: no swap, possible admin fee on some instruments
- Non-trading fees
- Deposits / withdrawals: no XM fee on standard methods
- Inactivity: 5 USD per month after 90 days of no activity while a positive balance remains
- Conversion: embedded markup when currencies differ
Understanding these components lets you choose the XM account type that aligns with your Forex trading strategy, and calculate exactly how much each trade and each month will cost you in spreads, commissions, swap and non-trading fees.
Comparison of XM Account Types and Platforms
XM runs a fairly compact but flexible line-up of Forex trading accounts and ties all of them into the same set of platforms: MT4, MT5 and the XM App. Instead of dozens of confusing configurations, you deal with a handful of account families that differ mainly by contract size, spread style and commission model, while the platforms share the same servers and pricing feed.
XM account families at a glance
Across its regulated entities, XM uses five main live account categories for retail traders:
- Micro Account
- Standard Account
- XM Ultra Low Account (Micro and Standard versions)
- XM Zero Account
- Shares Account
Most of these share core features:
- Minimum deposit from 5 units of base currency on Micro, Standard, Ultra Low and Zero
- Access to the same range of Forex, indices, metals, energies and other CFDs (except the Shares Account, which is special)
- Negative balance protection, hedging allowed and Islamic (swap-free) options on request for standard CFD accounts
- Choice of MT4 or MT5 as the underlying platform, with the XM App acting as a front end to these accounts
Where they differ is:
- Lot size (micro vs standard)
- Spreads (standard variable vs tighter “Ultra Low” or “Zero”)
- Commission model (spread-only vs spread plus fixed commission)
- Eligibility for some promotions and loyalty programs
Micro Account – smallest contract size, spread-only pricing
The Micro Account is XM’s small-ticket option. The defining feature is the contract size:
- 1 micro lot = 1,000 units of the base currency instead of 100,000
Core characteristics:
- Pricing: variable spreads, typically starting from around 1 pip and above on majors, with no trading commission
- Minimum deposit: around 5 base units
- Leverage: up to 1:1000 in some offshore entities, lower in stricter regulatory zones
- Instruments: same multi-asset lineup as the Standard account (Forex, indices, commodities, metals and more)
- Platform support: MT4, MT5 and the XM App
Who it suits:
- Traders who want to test Forex strategies with very small monetary exposure
- Clients who want fine-grained position sizing, for example 0.01 micro lot (tiny exposure)
Because the Micro Account uses the same spread and swap model as Standard, it behaves like a scaled-down version of a classic Forex account, but with much smaller PnL swings per pip.
Standard Account – regular contract size, spread-only pricing
The Standard Account is the default for many XM users. Here, 1 lot = 100,000 units of the base currency.
Key points:
- Pricing: variable spreads, again often starting from around 1 pip and above on major pairs, no commission on Forex and most CFDs
- Minimum deposit: about 5 base units
- Contract size: standard lots, mini and micro positions available via fractional lot settings
- Leverage: same framework as Micro, up to 1:1000 depending on entity and instrument
- Instruments and platforms: identical to Micro – MT4, MT5, XM App, full CFD suite
The Standard Account suits:
- Traders who are comfortable with full-size Forex lots
- Individuals who prefer spread-only pricing and do not want to track a separate commission line
For many retail traders, this account is a straightforward entry into XM’s pricing environment without needing to adjust for commission.
XM Ultra Low Account – tighter spreads, still commission-free
The XM Ultra Low account is offered in both Micro and Standard variants and is positioned for traders who care strongly about narrow spreads but still want zero explicit commission.
Main characteristics:
- Two variants:
- Ultra Low Micro – contract size 1,000 units
- Ultra Low Standard – contract size 100,000 units
- Spreads: as low as 0.6 pips on major Forex pairs in many conditions, with typical averages still below regular Standard/Micro
- Commission: no trading commission on Forex and most CFDs
- Minimum deposit: around 5 base units
- Leverage: again up to 1:1000 where permitted
- Instruments: full CFD suite similar to Standard, but some regions note exclusions or promotion differences
Ultra Low accounts are often highlighted as:
- Suitable for high-volume Forex trading, because lower spreads reduce total trading cost, especially on shorter-term trades
- Good for strategies where the spread itself is a key part of trade viability (scalping, news trading, tight stop setups)
In some regulatory setups, Ultra Low accounts are not included in loyalty programs, which is a trade-off against their better pricing.
XM Zero Account – raw spreads plus fixed commission
The XM Zero Account switches to a raw spread plus commission model. It targets traders who want spreads near 0.0 pips on major pairs and who are comfortable paying a transparent per-lot commission.
Key parameters:
- Spreads: minimum spreads on Forex majors often quoted from 0.0 pips, with averages near 0.1–0.3 pips depending on pair and conditions
- Commission:
- 3.5 USD per lot per side, so 7 USD per 100,000 units for a full open-close cycle
- Base currencies: narrower list, typically USD, EUR, JPY rather than the full range of other accounts
- Minimum deposit: about 5 base units
- Instruments: Forex plus a set of CFDs, though not always the exact same coverage as Standard in every region
This account is particularly well matched to:
- Scalpers and intraday traders who need ultra-tight spreads to make small-pip strategies viable
- Traders who need pricing that behaves like an ECN-style feed while remaining in a CFD environment
Because the commission is fixed and known in advance, many algorithmic strategies built around XM Zero can factor the cost directly into trade filters.
Shares Account – direct share dealing with higher minimum
The Shares Account is different from the CFD accounts:
- It allows trading in real shares, not just share CFDs, under specific offshore entities.
- Minimum deposit is much higher, typically around 10,000 units of base currency.
- Commission is charged per share or as a percentage of traded value, depending on exchange.
- The instrument list targets US, UK and German stocks, with direct access, not leveraged CFDs.
This account is aimed at traders and investors who want to mix spot equity holdings with their leveraged CFD and Forex activity, while keeping everything under the XM umbrella.
Platform stack
All of XM’s main account types sit on top of a shared platform stack:
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
- XM App (mobile and multi-asset front end)
Platform stack: MT4, MT5 and XM App
MetaTrader 4 – Forex-focused workhorse
MT4 at XM is used primarily for:
- Forex trading with a full range of currency pairs
- A large set of technical indicators, custom indicators and Expert Advisors (EAs)
- Access to CFDs on indices, metals and some other instruments, depending on entity
XM’s MT4 implementation supports:
- One-click trading, partial closes, and full order types (market, pending, stop, limit)
- Desktop, web and mobile versions
- Integration with XM’s pricing and execution infrastructure for all MT4-based accounts
Many traders still prefer MT4 for its huge EA ecosystem and familiarity in the Forex trading community.
MetaTrader 5 – multi-asset and extended tools
MT5 at XM expands the asset range and platform capabilities:
- Access to Forex, stock CFDs, indices, commodities, metals and energies
- More timeframes, more built-in indicators and deeper order book functions
- Easier handling of netting and hedging modes where supported
- Full support for MQL5 automated trading systems
XM highlights:
- Over 50+ indicators and 40+ analytical objects
- Multi-device support (desktop, web, mobile apps)
- Low spreads and high execution speed on the same pricing as MT4, just with more analytical tools
For traders who want a single platform for Forex and broader CFD portfolios, MT5 is usually the better fit.
XM App – broker-branded mobile front end
XM also offers its own XM App, which connects directly to MT4/MT5 trade servers but wraps them in a branded interface:
- Available on iOS and Android
- Allows account opening, funding, and trading from one app
- Displays prices, charts and news tailored to XM’s product range
Functionally, the XM App is a control hub for the same underlying accounts; it does not change spreads, commissions or margin requirements. It simply makes the activity easier to manage on mobile devices.
How account types map to platforms
In practice, when you open an XM account you choose:
- Account type (Micro, Standard, Ultra Low, Zero, Shares)
- Platform (MT4 or MT5)
The combinations work like this:
- Micro – available on MT4 and MT5, tradable via XM App
- Standard – available on MT4 and MT5, tradable via XM App
- XM Ultra Low (Micro and Standard) – available on MT4 and MT5 under participating entities
- XM Zero – available on MT4 and MT5 where offered
- Shares – typically linked to MT5 because of its stronger multi-asset capabilities
Underlying server selection (for example “XMTrading-Real xx” or similar labels) is handled during login; the trader sees the account in the platform’s Navigator list once credentials are entered.
This mapping means you can:
- Run the same account on both desktop MT5 and mobile XM App
- Open multiple accounts under one profile – for example, one Ultra Low MT5 account for scalping and one Standard MT4 account for discretionary trades
Comparing account types by trading style
Bringing it together, here is how XM’s account types compare from a practical trading perspective.
For new Forex traders
Best fits:
- Micro Account (MT4 or MT5)
- Possibly Standard Account with very small position sizes
Why:
- Very low minimum deposit (from 5 base units)
- Ability to trade tiny lot sizes (down to micro and smaller)
- Simple spread-only pricing, so beginners only manage one visible fee component
For high-volume intraday or scalping approaches
Best fits:
- XM Ultra Low (especially Standard)
- XM Zero, depending on preference
Why:
- Ultra Low: no commission, spreads often from 0.6 pips on major pairs
- Zero: spreads often near 0.0–0.2 pips plus 7 USD per lot round-turn commission
Traders with very active Forex strategies can choose based on whether they prefer:
- Slightly wider spread but zero commission (Ultra Low)
- Very tight spread plus explicit commission (Zero)
For multi-asset portfolio trading
Best fits:
- Standard or Ultra Low Standard on MT5
- Shares Account on MT5 for direct equity exposure
Why:
- MT5’s depth and tools are well suited to indices, stocks, commodities and metals
- Combining a CFD account and a Shares Account on the same platform makes portfolio monitoring easier
For swap-sensitive or Sharia-compliant traders
Best fits:
- Any of the core CFD account types with Islamic (swap-free) option, typically Micro, Standard, Ultra Low and Zero where offered
Why:
- Islamic versions remove swap interest and may replace it with transparent administration fees on some instruments
- XM states that spreads are not widened on Islamic accounts, keeping the core pricing structure intact
Platform choice in context
Once the account type is chosen, selecting the platform comes down to workflow:
- Choose MT4 if:
- You run older EAs written only for MQL4
- You focus almost entirely on Forex and do not need advanced multi-asset features
- Choose MT5 if:
- You want a broader CFD range and deeper charting tools
- You plan to trade equity CFDs or shares alongside Forex
- You want access to MQL5 and its toolset
XM App is simply an additional layer:
- Use it if you want centralised mobile control over multiple MT4/MT5 accounts
- Rely on MT4/MT5 directly if you prefer a classic terminal layout on desktop
From a Forex trader’s point of view, XM’s structure can be read like this:
- Micro – smallest contract size, spread-only, low entry barrier
- Standard – classic spread-only account with full-size lots
- XM Ultra Low – tighter spreads than Standard, no commission; built for cost-conscious active traders
- XM Zero – raw spreads plus fixed commission; best when minimal spread is a priority
- Shares – separate track for real shares on MT5, with higher minimum deposit and per-trade commission
All tie into MT4, MT5 and the XM App, so the trader’s real choice is a combination of fee model, lot size and platform features. Once these are aligned with a particular Forex strategy, the rest of the setup – leverage, instruments and funding – is consistent across the XM infrastructure.
Updated by FXBonus
Please check XM official website or contact the customer support with regard to the latest information and more accurate details.
Please click "Introduction of XM", if you want to know the details and the company information of XM.
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