Start trading forex, stocks, commodities and other markets by quickly opening an XM account!
74.89% of retail CFD accounts lose money
No matter what account type or trade size a client has, XM offers tight
spreads. As with the interbank forex market, XM offers variable spreads.
Fixed spreads are usually more expensive than variable spreads, so an
insurance premium will be required if you trade fixed spreads. Forex
brokers who offer fixed spreads often apply trading restrictions around
news announcements - which can render your insurance useless. XM doesn't
apply such restrictions. Spreads can be a very complex or confusing topic,
so here’s a brief article explaining everything you need to know about XM
Open an account with XM and see what we're talking about. Click on this blue button to get started.
What is the Spread Offered by XM?
Typically, a spread in the XM trading platform begins at 0 pips. This will
vary depending on the type of account selected by the user.
What is a Spread?
A spread is part of your transaction cost. It is the difference between the
Ask price and Bid price. It is paid to your brokers or banks. The unit of
spread is pip. The larger the spread, the higher your cost. Most traders
prefer to trade with low spread brokers because of this.
What are the XM Spread Types?
Spreads are applied in different ways or types in XM. Here are those:
Variable and Fixed Spread: This is a highly competitive spread but in
certain instances, users escape from paying commissions on trades depending
on the operating XM account
Spread on Instruments: This type of spread comes with no requotes and is
considered competitive. Spreads on currency pairs instruments for example,
begins normally at around 0-1 pips.
Spread on Accounts: Spreads offered by XM on accounts depends on the type
of account you have from these: Standard account, Micro Account, XM Zero
Account, Ultra Low Account, Professional Account, Islamic Account and
What is the Spread for Each Account?
Spread Per Account Type
Since XM trading fees vary accordingly because it follows the account
selected by the trader, here is a guide on spreads applied on the different
XM account types.
Micro Account: It has a leverage from 1:1 to 1:888, spreads from as low
as 1 pip and zero commissions. The minimum deposit is $5.00
Standard Account: $5 minimum deposit and a leverage from 1:1 to 1:888.
The spreads on this account begins from as low as 1 pip and zero
XM Ultra-Low Account: In this account, the minimum amount of deposit is
$50. The leverage for this account ranges from 1:1 to 1:888. Spreads from
0.6 pips has zero commissions.
Shares Account: With a minimum deposit of US$10,000, this comes with no
leverage and commissions charges following the underlying changes from US
Dollar 1 up to US Dollar 9.
Does XM Offer Spread Betting?
No. XM does not provide spread betting for traders.
What are XM's Spread Advantages
Here is a list of all the pros of XM's spreads:
$0 commissions with several accounting options.
Non-chargeable of both withdrawal and deposit fees.
It has one of the lowest minimum initial deposit amount.
XM offers competitive and tight spreads.
How High XM Spreads Happen?
Here's the deal: All brokers experience high spreads.
When a high spread occurs, it means a huge difference between the bid and
the ask price emerges. Typically, evolving market forex pairs usually have
a higher spread compared to major currency pairs. A higher than average
spread normally specifies one of two things, either a high volatility in
the market has happened or low liquidity caused by after-market hours
XM Spreads in a Nutshell
XM Spreads Overview
XM has tight spreads as low as 0.6 in all popular forex pairs.
It is available on more than 1,000 financial instruments.
Zero hidden fees.
XM charges only the lowest plausible spreads for all types and kinds of
Their spreads have the best execution policy.
And of course, the 0.1 fractional pip pricing was finally developed.
How to Calculate XM's Spreads?
XM shows two prices for EUR/USD when you open a buy position:
Ask = 1.12355
and Bid = 1.12369
The spread is therefore:
Ask - Bid = 0.00014 = 1.4 pip
In simple terms, this means that you have to pay 1.4 pip to XM when you
want to buy EUR/USD. So, in order to buy 1 lot of EUR/USD, the spread would
be 100,000 x 1.4 x 0.00014 = 19.6 USD.
That's how you calculate it.
Now that you know more about XM's spreads, you're most likely interested to open an account. Click this button to get started!
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Check XM’s website at www.xm.com for the percentage (%) of retail investor accounts losing money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.