Overview of XM fees and charges

It's safe to say that XM's fees are low in general. They either don't charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. This means that you can use XM even in case you trade frequently like multiple times a week or daily.

Here's a high level overview of XM's fees

XM Fees snapshot
Assets Fee level Fee terms
US stock fee - Not available
EURUSD fee Average With standard and micro accounts the fees are built into spread, 1.7 pips is the spread cost. With XM Zero accounts, there is $3.5 commission per $100 000 traded and average spread is 0.1 pips.
US tech fund fee - Not available
Inactivity fee Low Inactivity fee of $5 / month after 90 days. if balance reaches $0 account is archived.

XM fees
XM fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely due to the fact that online brokerages' businesses can be much better scaled: From a purely technical standpoint it doesn't make that much of a difference for them if they have 100 or 5000 clients.

This is not to say however that they don't have any fees at all. They make money by charging you at various events for various rates. Usually you need to keep an eye on these 3 types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually do a trade, i.e. buying an Apple stock or an ETF. What you pay is either a commission, a spread or financing rate. Some brokers apply all of these.
    • A commission is either based on the traded volume or it is fixed.
    • A spread is the difference between the buy price and the sell price
    • Financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These occur related to some operations you make in your account, i.e. depositing money to your account, withdrawing money from it or not trading for an extended amount of time.

We compare XM fees with its closest competitors, XTB and eToro.

XM fees
XM trading fees

XM's trading fees are low which makes it suitable for you even if you trade often (i.e. multiple times a week).

Let's break down the trading fees into the different asset classes available at XM.

Trading fees

XM's trading fees are low.

It is super hard to compare trading fees for CFD brokers. What we did at BrokerChooser? Instead of quoting long fee tables, we compare brokers by calculating all fees of a typical trade for three assets.

For the assets we chose cleverly and arbitrarily:

  • Apple, a large US stock
  • Vodafone, a large European stock
  • EURUSD, a popular currency pair

The typical trade means buying a position, holding for one week, and selling it. For the volume we chose a $2,000 position for the stocks and $20,000 for the EURUSD.

This super catch-all benchmark includes spreads, commissions and financing costs for all brokers.

Here is the verdict.

XM fees benchmarked
XM XTB eToro
Apple benchmark fee $3.4 $17.9 $6.8
Vodafone benchmark fee $5.6 $20.9 -
EURUSD benchmark fee $17.1 $15.0 $19.6

Financing rates

XM financing rates are average.

If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.

XM yearly financing rates
XM XTB eToro
Apple CFD financing rate 6.7% 5.7% 10.3%
Vodafone CFD financing rate 4.3% 4.0% -
EURUSD financing rate 3.8% 3.5% 3.8%
EURGBP financing rate 2.2% 1.9% 3.0%

XM fees
XM non-trading fees

When it comes to looking at all the non-trading fees XM is an average broker. This means that some of the non-trading fees are high, but the others are low or not charged at all.

Non-trading fees include various brokerage fees and charges at XM that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.

A high level overview of how XM stacks up in non-trading fees
XM XTB eToro
Withdrawal fee $0 $0 $5
Deposit fee $0 $0 $0
Inactivity fee Yes No Yes
Account fee No No No

XM fees
XM deposit fee

Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and XM is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods XM offers.

XM deposit methods
XM XTB eToro
Bank transfer Yes Yes Yes
Credit/Debit card Yes Yes Yes
Electronic wallets Yes Yes Yes
Deposit fee $0 $0 $0

XM fees
XM withdrawal fee

Unlike the majority of the online brokers we have reviewed XM does not charge a withdrawal fee. This means that you'll see the same amount of money on your bank account that you transferred from your brokerage account.

XM withdrawal fees and options compared
XM XTB eToro
Bank transfer Yes Yes Yes
Credit/Debit card Yes Yes Yes
Electronic wallets Yes Yes Yes
Withdrawal fee with bank transfer $0 $0 $5

XM fees
XM inactivity fee

XM does apply an inactivity fee and it is Inactivity fee of $5 / month after 90 days. if balance reaches $0 account is archived.. This means that you need to be strategic about your trading activity to avoid getting charged after a longer time of no trade. The fact that XM charges an inactivity fee makes it less ideal for you if you are a buy and hold investor.

XM has low inactivity fee.

XM XTB eToro
Inactivity fee Yes No Yes
Inactivity fee Inactivity fee of $5 / month after 90 days. if balance reaches $0 account is archived. No inactivity fee $10 per month after one year inactivity

Read more about XM inactivity fee on their own site.

Gergely Korpos

Gergely Korpos

Co-founder, CPO

Author of this article

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

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


Visit broker
69.10% of retail CFD accounts lose money