XM Fees & Costs
Traders should understand the XM fees to know how the cost structure compares to other brokers. My XM fees review evaluated trading and non-trading fees, but how competitive is the XM pricing environment?
Overview of XM Fees and Charges
XM offers traders two commission-free accounts, one with competitive spreads from 0.6 pips or $6.00 and another with minimum fees from 1.0 pips or $10.00 per 1.0 lot. Both XM trading accounts have a $5 minimum deposit requirement; the former also comes with swap-free trading. XM Global also offers a Shares account, a commission-based account for equity traders seeking to invest long-term in physical shares.
A Snapshot of XM Fees
Fee | Type of Fee | Applicable at XM |
|---|---|---|
Spreads | Trading fee | Yes |
Commission | Trading fee | Yes (only for the Shares account at XM Global) |
Swap rates on leveraged overnight positions | Trading fee | Yes |
Live Price Feed / Stamp Duty/ Settlement Fee | Trading fee | No |
Internal Deposit Fee | Non-trading fee | No |
Internal Withdrawal Fee | Non-trading fee | No |
Inactivity Fee | Non-trading fee | Yes |
Account Fee | Non-trading fee | No |
Currency Conversion Fee | Trading fee and non-trading fee | Undisclosed |
XM Fees, Spreads, and Commission Explained
Trading fees at all brokers fall into two categories: frequent trading fees and less frequent non-trading fees. Traders should know about the XM fees, understand when they apply, and compare costs to other brokers to determine their competitiveness.
Types of XM Trading Fees
- Fx Spreads (the difference between the bid and the ask price, where XM has minimum spreads between 0.6 and 1.0 pips).
- Commissions (XM maintains a commission-based equity investment account with undisclosed commission charges).
- Swap rates (charged on leveraged overnight positions, but swap-free assets are available to all traders).
- Currency conversion fees (undisclosed at XM).
Types of XM Non-trading Fees
- Deposit fees (not applicable at XM).
- Withdrawal fees (not applicable at XM).
- Inactivity fees ($5 monthly after 90 days of inactivity).
- Currency conversion fees (undisclosed at XM).
A Breakdown of XM Trading Fees
XM trading fees are asset-dependent and apply to each transaction.
Here is an overview of minimum XM trading fees:
Asset | Minimum Markup over Raw Spreads | Minimum Commission | Total XM Fees |
|---|---|---|---|
Forex (EUR/USD) | 0.6 pips | Commission-free | $6.00 per 1.0 lot |
Indices (S&P500) | 0.50 points | Commission-free | $0.50 per contract |
Commodities (Gold) | 0.17 points | Commission-free | $0.17 per contract |
Cryptocurrencies (Bitcoin) | 53.00 points | Commission-free | $53.00 per coin |
Overnight Fees (Swap rates)
Swap rates are the most ignored trading costs, but depending on the strategy, they may become the most significant fee per trade. Swap rates apply to leveraged overnight positions, which triple on Wednesday to account for trades kept open over the weekend.
MT4/MT5 traders can easily access swap rates from their platform by following these steps:
1. Right-click the desired symbol in the Market Watch window and select Specification.
2. Scroll down until you see Swap Long and Swap Short.
Please note:
- The XM Ultra Low account offers all traders swap-free trading on qualifying assets.
- Standard accounts have competitive swap rates, including positive ones, allowing traders to earn money while holding trades.
- Check our XM account types page.
A Breakdown of XM Non-Trading Fees
Non-trading fees are notably less frequent than trading fees and apply to deposits, withdrawals, and inactivity, but traders should know about them to make sure everything is clear.
Currency Conversion Fees
Many traders need to be made aware of currency conversion fees, payable each time XM must exchange one currency for another. Traders can eliminate currency conversion fees with a multi-currency account.
XM Deposit Fee
XM does not levy internal deposit fees, but third-party fees may apply.
XM Withdrawal Fee
XM does not charge withdrawal fees, but traders should consider potential third-party payment processor fees and follow-on transaction costs.
XM Inactivity Fee
XM charges a $5 monthly inactivity fee after 90 days of dormancy.
XM Safety and Security
XM is a well-regulated broker with FSC and CySEC licenses and a clean operational track record. It segregates client deposits from corporate funds and offers negative balance protection.
XM Fees Bottom Line
The XM Ultra Low account offers traders ultra-competitive costs, including minimum Forex XM fees of 0.6 pips and swap-free trading.
Find additional info. about XM, by reading our updated XM broker review. XM does not charge an internal withdrawal fee, but traders may face third-party processing charges and currency conversion fees. All accounts offer commission-free trading, except for the Shares account offered at XM Global, which charges commissions.FAQs
How much does XM charge for withdrawal?
What is the commission for XM?