Minimum deposit amount at XM
The minimum deposit at XM is $5.
Check out the following comparison table to see how XM stacks up against similar brokers when it comes to minimum deposits:
XM | FxPro | FXTM | |
---|---|---|---|
Minimum deposit | $5 | $100 | $50 |
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75.59% of retail CFD accounts lose money
The minimum deposit means that you will need to transfer this amount to your brokerage account from your bank account to start trading. It is sometimes called an initial deposit or funding.Besides the XM minimum deposit for Standard and Micro accounts, there is a $100 minimum for XM Zero accounts and $50 for XM Ultra Low accounts.
Beyond the required minimum deposit, there are a couple of other factors to consider when you are about to open an account at XM. Here are the main pros and cons when it comes to depositing at XM:
Pros |
Cons |
• Credit/Debit card deposit |
• None |
• No deposit fee |
|
• Several account base currencies |
|
XM deposit fees and deposit methods
XM does not charge a deposit fee. This is great because the broker won't deduct anything from your deposits and you only have to calculate the costs charged by the bank or third-party service provider through which you send the money. If you want to know more about XM fees, check out the fee chapter of our XM review.
In terms of available deposit methods, XM is in the same league as its closes competitors.
XM | FxPro | FXTM | |
---|---|---|---|
Bank transfer | Yes | Yes | Yes |
Credit/debit card | Yes | Yes | Yes |
Electronic wallets | Yes | Yes | Yes |
Deposit fee | $0 | $0 | $0 |
Wire transfer: 2-3 daysThe average transfer times for the different methods are:
- Credit/debit card and online wallets: instant or a few hours
Depositing money to your XM account is not user-friendly compared to similar brokers. Figuring out where and how you have to make the transfer is a bit complicated.

The interface to send the minimum deposit to XM
How to deposit at XM
- Open your broker account
- Log in and go to the depositing interface
- Select your deposit method
- Make the deposit
- Review your transaction
Depending on the method you choose, it might take a couple of days for your deposit to show up on your brokerage account. When it happens, the brokers usually send you an email to confirm receipt of the deposit.
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75.59% of retail CFD accounts lose money
->Back to full XM review 2022
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