Overview of XM fees and charges

We know that fees are on top of people's mind when selecting a broker. Brokerage fees consist of trading and non-trading fees. The most important trading fees are commission, spread, and financing rate.

  • Commission: it's charged when you execute a trade (either buy or sell). Commissions can be volume-tiered or flat fees. Nowadays, there are many commission-free brokers, click on the following links to check out the best free stockbrokers in the US and the EU.
  • Spread: it denotes the difference between the bid and ask price. When you trade forex or CFDs, spreads can make up a significant part of your trading costs.
  • Financing rate/overnight costs: if you trade on leverage, you may be charged for holding your positions overnight. This cost can be expressed as a percentage or in swap points.
  • Non-trading fees: these occur when you deposit and withdraw funds, or if you don't use your account for a certain period.

As XM focuses on CFD and forex trading, the most important cost elements are spreads and financing rates, commissions less so.

Now, let's dive into the details and see what commissions, spreads, and financing rates XM charges.

XM commission and other fees
XM commission and other trading fees

The good news is that XM has low trading fees in general. We ranked the fees of XM as low, average, or high based on how they compare with all reviewed brokers.

Check out this table to get an overview of whether XM commissions, spreads, and financing rates for each asset class are low/average/high.

Classification of XM trading fees
XM FxPro FXTM
Forex Average Low Low
CFD Low Average High
Financing rate Low Low Low

Now let's go over the trading fees for each asset class one by one.

XM forex commissions and spreads

XM forex fees are average. XM forex commissions and spreads for individual currency pairs are charged as per the table below.

XM forex commissions and spreads
XM
EURUSD fee With Standard, Micro, and Ultra-Low accounts the fees are built into the spread. 1.7 pips is the Standard account's average spread cost during peak trading hours. With XM Zero accounts, there is a $3.5 commission per lot per trade and a small spread cost.
GBPUSD fee With Standard, Micro, and Ultra-Low accounts the fees are built into the spread. 2.4 pips is Standard account's average spread cost during peak trading hours. With XM Zero accounts, there is $3.5 commission per lot per trade and a small spread cost.

Check out how XM forex fees compare to its two closest competitors.

XM forex fees vs competitors
XM FxPro FXTM
EURUSD benchmark fee $9.5 $8.8 $8.3
GBPUSD benchmark fee $7.5 $7.1 $7.0
AUDUSD benchmark fee $9.0 $10.9 $6.3
EURCHF benchmark fee $9.7 $7.4 $5.5
EURGBP benchmark fee $10.5 $10.1 $9.8

Forex fees are calculated for a $20,000 trade using 30:1 leverage

XM CFD commissions and spreads

XM CFD fees are low. XM CFD commissions and spreads for different assets are charged as per the table below.

XM CFD commissions and spreads
XM
S&P 500 CFD fee The fees are built into the spread, 0.7 points is the average spread cost during peak trading hours.
Europe 50 CFD fee The fees are built into the spread, 2.6 points is the average spread cost during peak trading hours.
Apple CFD The fees are built into the spread, 0.31 is the average spread cost during peak trading hours.
Vodafone CFD The fees are built into the spread, 0.0027 is the average spread cost during peak trading hours.

Below you can see how XM CFD fees compare with those of FxPro and FXTM.

XM CFD fees vs competitors
XM FxPro FXTM
S&P 500 index CFD fee $1.7 $2.7 $2.2
Europe 50 index CFD fee $2.5 $2.6 $2.4
Apple CFD $2.4 $4.8 $16.2
Vodafone CFD $0.0 $15.1 -

CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs

XM financing rates

XM financing rates are low. They make up a significant part of your trading costs if you hold your position for a long time.

Check out how XM financing rates compare with those of FxPro and FXTM.

XM financing rates vs competitors
XM FxPro FXTM
EURUSD financing rate 1.7% 1.5% 1.6%
GBPUSD financing rate 1.1% 0.9% 1.1%
S&P 500 CFD financing rate 3.5% 2.7% 4.3%
Europe 50 CFD financing rate 2.6% 1.9% 1.7%
Apple CFD financing rate 3.2% 2.7% 3.9%
Vodafone CFD financing rate 3.1% 2.8% -

XM commission and other fees
XM non-trading fees

In addition to trading fees, it's important to see if XM charges a fee on deposits, withdrawals, account maintenance, and inactivity. We compared these fees levied by XM with its two closest competitors.

XM non-trading fees vs competitors
XM FxPro FXTM
Deposit fee $0 $0 $0
Withdrawal fee $0 $0 $3
Account fee No No No
Inactivity fee Yes Yes Yes

CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs

XM commission and other fees
Bottom line

Hopefully, by now you have a clear picture of the commissions, spreads, financing rates, and non-trading fees charged by XM and its closest competitors. To learn more about XM, check out this detailed review. If you would like more information about fees in general, read this article about brokerage fees.

If you're not sure which broker to choose, get a personal recommendation from our broker recommendation algorithm or compare brokers with our broker comparison table.

Author of this article

Ádám Nasli

Author of this article

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

Ádám Nasli

Broker Expert

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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