A detailed guide to all relevant fees for stock trading at XM
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It's great that you are interested in stock trading at XM. When looking for a stockbroker, one of the most important aspects are fees. However, sometimes it can be a daunting task to pay attention to all the relevant fees and it can be frustrating to pay for some fees you didn't even know existed. Don't worry, we are here to help you with that.
We at BrokerChooser test brokers' services with a live account and real money, so our knowledge is based on our first-hand experience.
In this article, we are going to walk you through all the fees that are relevant for stock trading at XM.
THE ESSENCE:
- Fees are extremely important when choosing a broker for stock trading
- XM's stock and ETF trading fees are low
- Pay attention to less obvious fees like conversion fees
- Visit XM's site if you need more information about fees
- XM is a reliable broker regulated by at least one top-tier regulator
First, let's see if XM is available in your country
Disclaimer: 74.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
XM stock trading relevant fees
What are stock/ETF trading fees at XM?
Stock and ETF trading fees refer to the charges by a brokerage platform for executing trades of stocks and ETFs. XM charges relatively low fees for these types of trades.
The following table shows the trading fees of a few popular stocks at XM. In these examples, a trade would mean buying a $2,000 position, holding it for one week, then selling it.
| Asset | Fee |
|---|---|
| Apple benchmark fee | $6.7 |
| Vodafone benchmark fee | $2.3 |
XM stock trading relevant fees
What is the deposit fee at XM?
When depositing funds at XM, you won't be charged any deposit fees, meaning that no deductions will be made from your deposits. However, there may be conversion fees associated with your deposit. We will discuss conversion fees later in the article.
XM stock trading relevant fees
What is the withdrawal fee at XM?
When withdrawing funds from XM, there is no withdrawal fee. This means that no deductions will be made from your withdrawal amount. However, conversion fees may apply, similar to when making deposits.
XM stock trading relevant fees
What are conversion fees at XM?
When depositing money into your XM's account in a currency other than the base currency of your account, or trading an asset denominated in a different currency, conversion fees will apply. You can find more detailed information about conversion fees on XM's website.
XM stock trading relevant fees
Is there a custody fee at XM?
A custody fee is usually charged by the broker for holding positions in some asset types, typically stocks, ETFs or bonds.
XM does not charge a custody fee, which means that you will not be charged any fee just for holding positions.
XM stock trading relevant fees
Does XM have an account fee?
An account fee is typically charged to cover the costs of maintaining and administering an account. It is often a fixed amount and is charged regularly; most often monthly or quarterly.
At XM, there is no account fee, which means that you won't be charged by the broker for the maintenance of your account.
XM stock trading relevant fees
Does XM have an inactivity fee?
The inactivity fee is usually a flat amount that is charged to accounts that haven'T been used for a certain period of time. This fee is often charged on a regular basis, such as monthly or quarterly.
At XM, there is an inactivity fee with the following conditions: $15 one-off maintenance fee after one year of inactivity, followed by $5 per month fee if the account remains inactive.
XM stock trading relevant fees
Wrap-up
Making sense of brokerage fees can be frustrating, so we hope that you found this guide useful. Keeping all of these fee types in mind should help you pick the right broker and make trading decisions more confidently.
We believe you are on the right track now, but if you still have any questions or suggestions, drop us an email at [email protected] and we will get back to you soon.
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