XM fees explained

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Overview of XM fees and charges

When trading or investing at an online broker, fees can have a big impact on your results, so it's good to know what kind of charges you'll be facing and how these compare to fees at other brokers.

If fees are your top concern, XM is a good choice, as it has low fees in general. Check our toplist for cheaper brokers.

I found XM's trading fees fairly low

Adam Nasli

Regulation • Fighting Scams • Market Analysis

I've personally tested dozens of global brokers, carefully looking at their fees not just on their website but also in the course of live trading. Here's how XM fared:

XM charges low FX fees and average CFD fees.
There is an inactivity fee if you don't trade for an extended period of time.
The basic withdrawal fee is $0, but some transactions may cost more.
Read our full review of XM for info on safety, trading platforms and funding.

XM fees at a glance
Assets	Fee level	Fee terms
S&P 500 CFD	Low	The fees are built into the spread, 0.55 points is the average spread cost during peak trading hours.
Europe 50 CFD	Low	The fees are built into the spread, 1.5 points is the average spread cost during peak trading hours.
EURUSD	Low	With Standard, Micro, and Ultra-Low accounts the fees are built into the spread. 0.1 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.
Inactivity fee	Low	$15 one-off maintenance fee after one year of inactivity, followed by $5 per month fee if the account remains inactive

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71.61% of retail CFD accounts lose money

XM has many account types, which all differ in pricing. The Standard, Micro, and Ultra Low accounts charge higher spreads but there is no commission. The XM Zero account charges lower spreads, but there is a commission. The following calculations were made using the Standard account.

Low FX fees

XM forex fees
	XM XM	FxPro FxPro	Admirals (Admiral Markets) Admirals (Admiral Markets)
commission per lot	3.50	-	3.00
EURUSD spread Usual spread in pips	0.1	1.4	0.1
GBPUSD spread	0.8	1.6	0.5
AUDUSD spread	0.8	2.0	0.6
EURCHF spread	1.0	2.9	1.4
EURGBP spread Usual spread in pips	0.7	1.5	0.7

Average CFD fees

Spread and commission for a $2,000 CFD trade
	XM XM	FxPro FxPro	Admirals (Admiral Markets) Admirals (Admiral Markets)
S&P 500 index CFD fee Includes all fees (spread, commission, financing rate) of a $2,000 20:1 position open, 1-week-hold, and close	$3.0	$2.6	$3.3
Euro Stoxx 50 index CFD fee Includes all fees (spread, commission, financing rate) of a $2,000, 20:1 position: open, hold for 1 week, and close	$3.0	$3.1	$2.4
Apple CFD fee Includes all fees (spread, commission, financing rate) of a $2,000, 20:1 position: open, hold for 1 week, and close	$6.9	$4.3	$3.4
Vodafone CFD fee Includes all fees (spread, commission, financing rate) of a $2,000 20:1 position open, 1-week-hold, and close	$17.5	$6.5	$7.0

Low inactivity fee, no withdrawal fee

There is no account fee and XM charges no withdrawal fee in most cases, though bank withdrawals below $200 carry a $15 fee.
There is a $15 one-off maintenance fee after 1 year of inactivity, and this is followed by a $5 monthly fee if the account remains inactive.

XM inactivity, withdrawal and other fees
Broker	Inactivity fee	Withdrawal fee
XM		$0
FxPro		$0
Admirals (Admiral Markets)		$0

Other commissions and fees

You can find XM's fees for other asset classes below. Click 'Show more' for details.

Low stock and ETF commission

XM stock and ETF fees by market
	XM XM	FxPro FxPro	Admirals (Admiral Markets) Admirals (Admiral Markets)
UK stock Estimated commission of a $2,000 trade, assuming a $50 stock price	$9.0 Available only for clients onboarded under IFSC. The commission is 0.10% with a $9 minimum.	- Not available	$0.0 One commission-free trade per day. Outside the allowance, 0.1 % of trade value, minimum of £1.
US stock Estimated commission of a $2,000 trade, assuming a $50 stock price	$1.0 Available only for clients onboarded under IFSC. The commission is 0.04% with a $1 minimum.	- Not available	$0.0 One commission-free trade per day. Outside the allowance, the fee is $0.02 per share with a minimum of $1
German stock Estimated commission of a $2,000 trade	$5.0 Available only for clients onboarded under IFSC. The commission is 0.10% with a $5 minimum.	- Not available	$0.0 One commission-free trade per day. Outside the allowance, 0.15% of trade value, minimum of €1

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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.